2018 REPORT TO THE COMMUNITY 1 9 9 8 YEARS OF 20GENEROSITY 18 A REASON TO CELEBRATE 20 In 20 short years, philanthropists who love the Chattahoochee Valley have “gotten” the idea of a community foundation that they give through instead of to; that increases charitable CFCV ASSETS assets through careful, strategic investing; that keeps fees low while 2014 106,382,252 providing a back office 2015 105,877,665 for charitable giving; and that acts as a resource, 2016 130,290,769 encourager and convener for good things throughout the community. They’ve seen value in and have supported our work so enthusiastically that their donations have 2017 157,091,268 made us the second-largest community foundation in Georgia! 2018 173,549,909 But size only tells a portion of the story. We know that one of the most important ways we accomplish our mission is through connections: connecting our donors with things that they care about, connecting nonprofits with ways to do their work more effectively and efficiently, and connecting our community at large to 18 collaborations that move us all forward together. All while we uphold the values (at right) that make us stronger. It is our honor to help facilitate the giving spirit of those in our community, offering GIFTS TO CFCV a venue that helps families, businesses and other organizations make a difference... now and forever. 2014 10,202,581 As we look for even-better ways to connect people with things that they care about, 2015 16,744,244 we celebrate the work that our donors accomplished through us in 2018: • Thanks to the generosity of some 500 donors, the Community Foundation ended 2016 28,883,095 Fiscal Year 2018 with net assets of $174 million. • We received more than 700 gifts of $22 million during the year (including inter-fund 2017 24,402,106 gifts), bringing the total contributions we’ve received since our founding to more 2018 20,162,121 than $282 million. • We made 1,785 grants during the year of over $16 million (again, including inter- fund grants) from what now totals 291 active Funds. • Since we began, we have made a total of more than $157 million in grants back to the community, underlining our growing position as a center of thoughtful philanthropy for the Chattahoochee Valley. • Still, because of the operating support we receive from our Founder’s Society GRANTS FROM CFCV Endowment, no more than one cent of each dollar contributed goes to administrative costs. 2014 8,655,939 To the hundreds of people who trusted us this year, thank you. Our board and staff are honored to serve the philanthropic needs of this great Chattahoochee Valley. 2015 11,074,275 Enjoy the stories on these pages to learn more about our work, and let us know if we can help you become part of it! 2016 11,656,544 2017 10,901,626 2018 12,843,732 Marquette McKnight Betsy W. Covington 2018 Chair, Board of Trustees President and CEO 20 Mission: Why we exist We enable and promote philanthropy that inspires, facilitates and fosters a vibrant and engaged Chattahoochee Valley. Vision: How we accomplish our mission We are the premier center for thoughtful philanthropy for people who want to make their Chattahoochee Valley communities better, both during and after their lifetimes. We: • Help a multitude of donors easily and effectively deploy a wide range of assets to impact their charitable interests. • Responsibly invest assets to preserve and increase grantmaking capital. • Know our communities and share that knowledge to empower engagement, leadership and improvement. • Lead and collaborate to shape effective responses to community needs and opportunities. 18 Values: Core beliefs that guide our decision- making and actions Service • We were created to lead through service; we serve our donors, our area’s nonprofits, and our community at large. Stewardship • We are entrusted with people’s hopes, dreams and financial resources in perpetuity; we manage them in ways that uphold that trust and exceed expectations while remaining cost effective. Integrity • We conduct our business dealings with honor; we can be relied on to act responsibly. Inclusiveness • We are an institution of communal good; we seek to work collaboratively and to mobilize the resources of the community to meet the community’s needs. Independence • We represent the best interest of the community as a whole; we are not obligated to individuals, organizations or others. Knowledge • We learn continually and are a repository of community understanding, knowledge and expertise; we use that information to engage others AT A and mobilize philanthropy to make a difference. GLANCE CELEBRATING THE FOUNDERS’ SOCIETY INVESTMENT Watch David Dodson (president of MDC in Durham, NC) challenge us to Build an Infrastructure of Opportunity in the Chattahoochee Valley at the CFCV board and staff celebrate the first 20 years at the 20th Anniversary Investors’ Luncheon. Investors’ Luncheon at cfcv.com/Community Impact. It’s one thing to get people energized wonder whether we’re going to ask those FOUNDERS’ about a new community rec center or a people for money.” program to combat homelessness. It’s SOCIETY The stability of the Founders’ Society another thing entirely to convince them to also keeps CFCV administrative fees AFLAC pay for your electric bills or office supplies. low, maximizing each Funds’ assets Bradley-Turner Foundation CFCV won’t ever have to do the for supporting charitable causes and latter, thanks to the Founders’ Society underscoring CFCV’s commitment to Bill Heard Chevrolet Endowment. Since the organization’s transparency and community trust. Ledger-Enquirer earliest days, the endowment helps ensure Covington is grateful to CFCV’s visionaries First Union Foundation that CFCV’s operating costs are covered, for investing early in the foundation’s meaning that the foundation will be in John S. and permanence. “Endowment money is often business in perpetuity, always be self- James L. Knight Foundation the hardest money for an organization to sufficient—and never have to compete with raise, because its outcomes are so hard to Frank G. Lumpkin, Jr., Foundation other area nonprofits for funding. imagine” she says. “Here, founders saw our Mead Westvaco Foundation According to Betsy Covington, CFCV’s future impact potential even before we had Schuster Enterprises president and CEO, a respected national staff or structure in place.” community foundation consultant advised SunTrust Bank In part to celebrate that Founders’ Society those organizing CFCV to raise an vision, CFCV held a 20th Anniversary Synovus Foundation endowment to clarify the organization’s Investors’ Luncheon for investors of “greater good” status from the start. The Mr. and Mrs. Sam M. Wellborn philanthropic assets, leadership and group listened—and raised $2.5 million partnership in the foundation. The Robert W. Woodruff Foundation in 60 days from 13 generous donors, event was an acknowledgement (and a designating $800,000 as startup cash and challenge of “What’s next?”) for those the rest as a core endowment to cover who dreamed of a vehicle for collective administrative expenses. philanthropic management, investment and Thanks to that Founders’ Society grantmaking—and then made it happen. Endowment, CFCV staff doesn’t have to “I genuinely give thanks every day for solicit operating funds. “That would be a the wisdom of that initial board and the mixed message for our donors and for the generosity of those Founders’ Society nonprofits that we partner with,” Covington members, and my staff does, too,” explains. “The last thing we want is to Covington adds. “We were instantly stable meet with a nonprofit to learn about their as an organization from day one, a great hopes and dreams for the community, and beginning. And 20 years in, we’re seeing then ask for their donor list and have them that stability pay off for our community.” A COMMITMENT TO PHILANTHROPY THROUGH CFCV Dan and Kathelen Amos with Dr. Andrew Pippas, medical director of the John B. Amos Cancer Center, a grantee of the Amos’ Donor Advised Funds. Anyone who’s ever purchased one of Aflac’s stewards of resources that permeates throughout ubiquitous “Holiday Ducks” knows the company all of the staff of the Community Foundation.” has made a strong commitment to charitable Perhaps most significantly, CFCV has helped causes such as fighting childhood cancer. to democratize giving throughout the region, But that commitment is just as strong among showing that even people of modest means can individual members of the Amos family, which make a difference. has steered the company since its founding in 1955. “[CFCV] has helped broaden that In fact, Kathelen Amos—wife of Aflac’s chairman and CEO Dan Amos, and herself a longtime definition [of a philanthropist]… executive with the company—was one of CFCV’s founding board members back in 1998. Not and has encouraged and inspired only that, she and Dan have established multiple people to take part.” Donor Advised Funds through CFCV over the years. — Kathelen Amos “For one thing, it provides a way to fund future giving in a way that is helpful from a planning and strategic standpoint,” she explains. Amos “My mother was a schoolteacher, but she also says that CFCV has also given them “the leeway was a person raised during the Depression, to support a broader range of organizations or and a saver, and she was very proud to be able causes than we do through the more narrow to establish a modest Fund at the Community guidelines of the family foundation. The resources Foundation,” Amos says. Though people in the that the Community Foundation has, in terms community “may not describe themselves as of being able to research proposals and make ‘philanthropists,’ together their generosity is assessments for us, have been great.