10/26/17 10:36:13 AM A Message from the Foundation President Dear Friends, As we begin our second 25 years, we ask for your help to grow into an even larger force that contributes to improving the quality of life for all Wayne Countians. We view one of our roles as giving hope, and toward that end award scholarships to high school graduates to help offset their high costs in their pursuit of college or career education. We give hope to existing charitable organizations with grants that assist them as they 2016 Ben Franklin Community undertake new initiatives. Our Emergency Responder’s Fund financially helps volunteer fire Service Award Winners: and ambulance companies which not only provide vital emergency services, but serve as Ann O’Hara and Jane Varcoe social centers for their respective communities throughout Wayne County. We give hope to new charitable organizations that identify needs in the community and Honorary & Memorial Gift Program seek to meet them. The Wayne County Community Foundation has twenty-five years of experience helping create a lasting We give hope to our school districts through our participation in the Educational tribute to a deceased loved one. We define “Legacy” as options aligne These “values” may include the ongoing support of a Church, a favorite Improvement Tax Credit Program which helps to keep state tax money local and provides scholarship or any one of a variety of concerns. Our funds support cul for discretionary activities that stimulate learning in our excellent schools. humanitarian concerns. Donors can be assured their gift will endure to To all those who have contributed we thank you and encourage your continued support. In Honor of Warren Schloesser Todd and Richelle Stephens Sincerely, Dr. Katherine R. and Carl Schloesser Officers and Directors: Jet and Bob Mermell Warren Schloesser Warren Schloesser: President In Honor of Jane Varcoe Jay Starnes: lst VP Rich Garman In Honor of Alice O’Neill William Gershey: 2nd VP About the Foundation Chelsea Shine Wilson and Vicky Botjer: Treasurer Tyler Wilson The Wayne County Community Foundation was incorporated on June 21, 1991 and In Honor of Jet and Bob Mermell Ann O’Hara: Secretary granted 501(c)3 status as a tax exempt institution the following year. The first Board Warren Schloesser of Directors was: Warren Schloesser, William McAllister, Deborah Katz, Gregg Davis and In Honor of Dr. and Mrs. Board of Directors: William Young. It was the Board’s intent to create a “one-stop shop” for fundraising, Walter Barbe Louis and Frances Gruber Christie Kennedy Augustine grant development and student scholarships in Wayne County. To accomplish this, the Foundation helps donors create a variety of “donor-advised funds” designed for short In Honor of Ann O’Hara Ron Brill Peter Bochnovich and long range causes. Funds are then pooled, so that we can take advantage of John Carmody In Honor of Paul Edwards investment opportunities that permit endowments to live on in perpetuity. Ronald and Rebecca Rowe Beth Gleim During the early years of the Foundation, our results were modest; however, with In Honor of Louise Rowe Sharon Herzog growing recognition of the advantages of a community foundation there has been Ron and Rebecca Rowe significant growth in both assets and disbursements of funds for good causes. For Bob and Catherine Rowe Kuni Holbert example, in the last twelve years, we have awarded a total of 190 grants to non-profit Jamie, Steven and Mark James organizations in the county. In the same 12-year period, our Dictionary Project has Annaleigh Brown James B. Kilgore given out 4,400 free dictionaries to county 3rd graders. In our ongoing support for edu- In Honor of Alyssa Pezzuti cation we’ve distributed over $775,000 to area school districts along with almost Beverly LaTourette Thomas LaTournous In Honor of John Tuman 665 scholarships. All this in just the last twelve years! William McAllister Margaret Yatsonsky The Foundation continues to search for ways to increase its capacity to do more; and In Honor of Nancy Piercy Paul Meagher, Sr. that can only be done by helping our county’s citizens become aware of the good that In Honor of Shirley Noble Patricia K. Mohn we do. It is the Board’s goal to do as much as we can to preserve and promote our county Nancy Piercy David Raven and we look forward to having you help us. Sandra Rickard In Memory of Albert Lipperini Ronald Rowe Carol L. Dixon Assets Errol and Maryann Flynn Gene Shultz We thank our Volunteers In Memory of Mary McClure Jane Varcoe As of June 30, 2017, the Foundation’s The Wayne County Community Foundation Donna Branning assets totaled $4 million. sincerely thanks the Foundation’s Volunteers In Memory of Jean A. Watson Our investments are managed by four for all their hard work and dedication to our Donna Bluff Executive Director: In Memory of Dan O’Neill local institutions: The Dime Bank, The success: Ann O’Hara and Rosanne Alexander Paul J. Edwards Honesdale National Bank, Wayne Bank, Alice O’Neill (Accounting and Finance); Beth Johnson Chelsea Shine Wilson and and Morgan Stanley. Investment results (Dictionary Project), and Mary Markowski Tyler Wilson are reviewed by our Treasurer and the (Facebook). Erin Shine Investment Committee, who meet In Memory of William Schwarz annually in August with representatives “My interest is in the future because I am going Eric and Amy Huck of these institutions. to spend the rest of my life there.” Jim Gardas —Charles Kettering. WCCF_AnnualReport_2017BAILEY V4.2 2 Ben Franklin Community Service Award The 2016 winners of the Ben Franklin Community Service Award are Ann O’Hara and Jane Varcoe These selections were made based on their many years of support to the community. Ann’s focus has been both the Wayne County Historical Society and the Wayne County Community Foundation. Jane also has spent many years on the Board of the Foundation and in addition is a tireless advocate for her native Waymart. Their legacy of service is extraordinary and both are most deserving of our recognition. THE BEN FRANKLIN FUND Ben Franklin, printer, scientist, philosopher, community servant and statesman, created a legacy that today reaches right into our own community! The Ben Franklin Fund represents one of the finest examples of what philanthropy is all about! The Fund shows how money set aside from a donor can impact the future. In Ben Franklin’s case it took two hundred years to bear the financial fruit envisioned. In his will, Franklin bequeathed 1,000 pounds, roughly equal to $4,000, to the Commonwealth of Pennsylvania. Franklin knew his bequest would grow over time and it did, to over $2 million dollars!!! In 1990, then Pa. Governor Robert P. Casey signed a bill dividing the money between the Franklin Institute in Philadelphia and the State’s various community foundations. Indeed, the Wayne County Community Foundation was in the ‘right place at the right time’ and received its share of the fund. With this money, the Foundation has established the Ben Franklin Community Service Award with its accompanying $1,000 given to the recipient who then gives it to the local service organization of his or her choice. WCCF_AnnualReport_2017BAILEY V4.3 3 The Wayne Sports Hall of Fame Fund: Established Howard and Ruth Akers Memorial Fund: A to further sports opportunities for youth in Wayne scholarship fund, established by the children of Ruth Foundation Funds County. and Howard Akers, supports an annual scholarship for a student majoring in agri-business or education. The individual funds created by our The Robert and Inger Stovall Fund: Funds a scholarship for the most improved senior at Honesdale David M. Cavalieri Memorial Scholarship: This donors are the heart and soul of the High School as determined by the faculty. scholarship is to honor the memory of David M. Cavalieri, a 2012 graduate of Forest City Regional Community Foundation. The Barbara Houghtaling Book Fund: Supports High School. He tragically lost his life in a car accident elementary school libraries and the purchase of books in 2016. The $1,000 scholarship is given to a Forest for children. City High School graduate. We invest the initial contribution and use the Albert S. Lipperini Memorial Scholarship Fund: The Drs. Lorrain, Rick and Patrick McAndrew Established by the friends of Mr. Lipperini, provides Memorial Scholarship: The McAndrew Memorial earnings to support the donor’s goal. Preserving a scholarship for a student going into the Human Scholarship is dedicated to the memory of Dr. Lorrain Services career field. A. McAndrew and his sons, Dr. Richard L. McAndrew the principal creates funds with a long “life.” and Dr. Patrick McAndrew. The $5,000 scholarship The Leon Scudder Fund: Created by a bequest goes to a Forest City High School graduate pursuing The funds benefit a variety of causes and are a establishing scholarships for Wayne County graduates. the Health Care field. place where individuals can design funds that The Honesdale Rotary Fund: Supports worthy The John G. and Eleanor P. Rickert Memorial target their interests. Often “Legacy Funds” community projects. Scholarship: This $2,000 Scholarship has been established by Ann R. Koziol in memory of her are established where families and friends can The Edwin J. Thomas Fund: Provides for scholarships parents. It is awarded to a graduate of Honesdale create a lasting tribute to a deceased loved one and grants for community projects. High School who will major in education. The Robert Zabady Scholarship Fund: Recognizes The Joseph and Kathleen Sterchak Scholarship: to support a specific church; issue; scholarship; the substantial support given to our Foundation by This $2,500 scholarship has been established by Mr.