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Clinton County Community Foundation Carroll County Community Foundation of Howard County, Inc Community Foundation Charitable Dreams for Community Needs 2015 Annual Report Clinton County Community Foundation Carroll County Community Foundation of Howard County, Inc. Community Foundation Inside This Report Mission, Vision and Core Values 2 Board Members and Volunteers 4 Ways to Give 5 Donors and Tributes 6 Memorials 10 Organizations 15 Endowed Funds • Howard County 16 • Carroll County 20 • Clinton County 21 Grants • Howard County 23 • Carroll County 30 • Clinton County 33 Financial Report 37 Lilly Endowment Community Scholars 38 David Foster Society 39 Friends of Carroll County 40 and Friends of Clinton County Community Foundation of Howard County, Inc. Carroll County Community Foundation Clinton County Community Foundation 215 W. Sycamore Street Kokomo, Indiana 46901 Monday - Friday 8 a.m. - 4:30 p.m., or by appointment (765) 454-7298 or (800) 964-0508 info@cfh oward.org Visit us online: www.cfh oward.org www.cfcarroll.org www.cfclinton.org National Standards The Community Foundation Serving Howard, Carroll and Clinton Counties has achieved the Certifi cate of Standards Compliance with the Ethical and Operational Standards for Indiana Community Foundations. The standards are administered through the National Association of Council on Foundations to verify that foundations demonstrate accountability, transparency and continuous self-improvement. 1 Our Mission The mission of the Community Foundation Serving Howard, Carroll and Clinton Counties is to connect people, resources and causes to produce a positive and sustainable change in the communities we serve. Vision The Community Foundation is recognized by the community to be an eff ective, credible and infl uential broad-based organization. It serves the community as a catalyst dedicated to improving the quality of life of our people through the permanent stewardship of fi nancial gifts placed in its care. As the number of people touched by the Foundation continues to rise, this statement of “vision” is coming ever closer to reality. Core Values To express the underlying philosophy of the Foundation, the board drafted a series of “core values” statements that refl ect the fundamental philosophy of its operation. These values provide guidance to both paid staff and volunteers as we interact with donors, grantees and the community. Integrity Stewardship Service to Donors The Foundation, its The Foundation will The Foundation off ers directors and staff will hold prudently manage the opportunities to donors themselves to the highest resources entrusted to it, to improve the quality of ethical standards and strive maintaining confi dentiality life in their community to achieve the best and seeking growth by fulfi lling their business practices. of resources. charitable goals. Community Open Door The Foundation will improve The Foundation will be the quality of life through available to all segments of leadership by building our defi ned community. endowments directed toward meeting the needs of the community. Charitable Dreams for Community Needs 2 Dear Friends of the Community Foundation Serving Howard, Carroll and Clinton Counties: We are grateful to donors in each of our three counties who saw the potential that could be gained from a successful Lilly Endowment Giving Indiana Funds for Tomorrow gift match. Because of your willingness to accept the challenge to raise $1 million in Howard County and $500,000 each for Carroll County and Clinton County, philanthropic grants can be made that improve education, economic opportunity and the quality of life in our communities. Thank you for believing in the potential of community-led philanthropy. This work to build the community with you as our philanthropic partners will make sure that generations will benefi t from your generosity and your charitable dreams are fulfi lled as you intended. Each year our annual report refl ects the programs supported and strengthened by the gifts you have entrusted to us. It demonstrates the people you have helped and will continue to help through your legacy of giving. Together we can accomplish great things and we look forward to continuing as a partner in your philanthropic journey. Let’s work together to maintain the momentum from the successful match. Thank you. The best is yet to come. Hilda Burns President QUICK FACTS 599 428 $1.51 million GRANTS charitable dollars awarded Awarded FUNDS IN GRANTS $282,464 218 awarded through the scholarships Lilly Endowment Community AWARDED Scholarship Program $462,500 in general scholarships 36 new funds Awarded 3 2015 Board Members and Volunteers Chairperson Executive Committee Howard County Grants Committee Scott McClelland, Attorney Scott McClelland, Chairperson Joe Dunbar, Chairperson Vice Chairperson Rick Smith, Vice Chairperson Nanette Bowling Jan Hendrix Rick Smith, Smith Financial Bob Hingst, Sec./Treas. Betsy Hoshaw Dr. Paul Manning Dana Davis, Past Chairperson Scott McClelland Dr. Marilyn Skinner Secretary/Treasurer Joe Dunbar Alan Dunn Mike Ullery Doug Vaughn Bob Hingst, Mid America Beverage Betsy Hoshaw Dr. Paul Manning J.D. Young Past Chairperson Jim McIntyre Steve Rothenberger Clinton County Grants Committee Dana Davis, Community Volunteer Clinton County Services Committee Jack Ransom, Chairperson Dr. Joanne Barnes Alan Dunn, Chairperson Jean Beard Debbie Graves Indiana Wesleyan University Steve Rothenberger, Vice Chairperson Laura Mullen Bob Shaff er Robb Blume Bill Beard John Milholland Megan Sheets Bob Thorley Community First Bank Karen Miller Laura Mullen Carroll County Grants Committee Jack Ransom Gene Robbins Nanette Bowling Katrina Coghill Michelle Cox Bob Shaff er John Shoup Community Volunteer Dr. Paul Manning Angie May Stan Smith Bob Thorley Carolyn Pearson Trent Stephan Joe Dunbar Mark Wolfschlag Community Volunteer Investment/Finance Committee Carroll County Services Committee Steve Rothenberger, Chairperson Alan Dunn, Clinton Co. Dr. Paul Manning, Chairperson Farmer Derek Fisher Bob Hickman Katrina Coghill Michelle Cox Bob Hingst Brad Howell Melissa Ellis Abigail Diener Al Jackson Jim Parsons Troy Parton Melissa Ellis Residential Appraisals Matthew Meek Dr. Greg Norman Aaron Smith Rick Smith Rex Gingerich Dawn Seward Jennifer Spesard Mike Stegall Gary Wehr McGonigal Buick, GMC, Cadillac Trent Stephan Bill Trueblood Dr. Jeff Hauswald Kokomo School Corporation Brian Hayes Hayes Advisory Group Bob Hickman Community First Bank Betsy Hoshaw Community Volunteer Tina Lorentson Lorentson Manufacturing Beth MacDonald Attorney Dr. Paul Manning, Carroll Co. Haynes International Jim McIntyre Attorney Dr. Greg Norman, Carroll Co. Norman Eyecare Stan Rebber Granny’s Furniture Community Foundation Staff Steve Rothenberger, Clinton Co. Jane Williams, Communications Program Offi cer; Hilda Burns, President; Sherry Hayes, Finance Community Volunteer Administrator; Kim Abney, Vice President of Programs; and LaCinda Chapman, Secretary/ Receptionist Mike Ullery Craftsman Homes & Remodeling Doug Vaughn Rite Quality Supplies 4 Ways to Give Types of Funds Flexible Giving Unrestricted Community The Community Foundation is a fl exible vehicle for Endowment Funds charitable gifts of all sizes from public, corporate, Recognizing that the community’s challenges and foundation, or private sources. Both large and small gifts needs will change, donors have established community can take a variety of forms; depending on tax and estate endowment funds to address these needs now and planning priorities. Gifts can be made with: forever. Donors can entrust the Foundation with the selection of the most needed programs to receive grant •Cash •Appreciated Securities funding based on a competitive process. •Life Insurance •Real Estate Donor-Advised Funds •Bequests •Private Foundation Transfer Donors may be actively involved in the grantmaking by IRA, 401(k), or Other Qualified recommending which qualifi ed charitable organizations Retirement Plan should receive grants from their advised fund. These fl exible funds enable donors to address a wide variety of Planned giving is as easy as designating a percentage of issues as their charitable interests and priorities change your IRA, 401(k) or other qualifi ed retirement plan to the over time. Foundation as a benefi ciary. Designated/Agency Funds Other Planned Gifts Donors may identify one or more charitable organizations The Foundation also off ers donors several other types to receive an income stream forever. If at some time in of gift arrangements that provide a variety of tax the future the named charity is no longer recognized as a advantages and income benefi ts to donors. These 501(c)(3) organization, the Foundation board of directors include the following: has the variance power to select another organization with a similar purpose to benefi t from the fund. Charitable Gift Annuity Field of Interest Funds This is a contract between the donor and the Foundation. In exchange for the donor’s irrevocable gift, the A fi eld of interest fund allows donors to support a Foundation agrees to pay one or two annuitants the broadly defi ned area, such as the arts, youth, health donor names a fi xed sum each year for life. The payments and more. The Foundation awards funding through a are guaranteed by the Foundation. competitive process to the most needed programs within the donor’s area of interest of the fund. Charitable Remainder Trust Operating Endowment Funds This allows donors to place assets such as cash, securities, Donors support the work of the Community Foundation or real estate in trust, which then invests the asset. The through their
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