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2016 Annual Summary A V I S I O N FO R O U R FU T U R E As the community’s expert in philanthropy, how do we appropriately use our reputation and our voice to affect change, build a culture of giving, and connect our community? How do we maintain our long term vision of an engaged, compassionate and prosperous community that is supported by folks that are as diverse and interesting as the place they call home? For thirty-three years, our board has asked these questions in order to build our strategic plans – plans that inform everything we do at our Foundation. Our newest three-year plan, launched in July, draws upon the work we’ve done since 2014 – encouraging people to embrace philanthropy through Midlands Gives, improving our region’s quality of life through our Connected Communities grant initiatives and providing a platform for neighbors to help neighbors with the One SC Relief Fund. Our new plan includes four strategic goals:

#1 Serve and Amaze our fundholders in order to increase the impact of their philanthropy and the impact of our Foundations grants. (Increase the dollars that are invested in our community.)

#2 Increase the Foundation’s capacity to meet the charitable giving needs of donors throughout the Midlands. (Ensure that everyone has a seat at the table to lift up their community through philanthropy.)

2016-2017 board of trustees

#3 Increase our effectiveness by benchmarking and adopting best practices in our industry. (Improve our ability to serve.)

#4 Engage 100% of our Trustees in actively supporting the work of the Foundation. (Increase our ability to serve.) We will achieve these goals by engaging the residents of our community - listening to their ideas and enlisting them in projects that enhance the place we call home. We will work on initiatives that increase the livability of our region by partnering with the Midlands Business Leadership Group to increase our competitiveness and by working with our region’s cities to build public spaces that positively affect our public lives. And, we will change the perception of what it means to be a philanthropist by working to ensure that everyone’s voice is heard.

Connecting our community. Building a culture of giving. Increasing the philanthropic pie. We are proud to be part of an organization that is focused on these areas and, proud to call our compassionate community home.

Bruce W. Hughes Board Chair

JoAnn M. Turnquist President & CEO

c o n s o l i d at e d f i n a n c i a l s tat e m e n t s As of June 30

2016

2015

assets

Cash and Cash Equivalents

4,192,980

4,514,395

Investments

86,605,192

83,840,631

Interest in Charitable Trusts and Life Insurance

23,413,914

22,935,029

60,894

82,788

114,272,980

111,372,843

Liabilities, Miscellaneous

95,327

106,826

Grants Payable

76,222

78,211

Funds Held for Agency Endowments

6,523,903

6,427,112

Funds Held for Supporting Organizations

3,981,557

4,681,688

10,677,009

11,293,837

85,095,029

82,053,062

Other Total Assets

$

liabilities

Total Liabilities

$

Van Anderson

Catherine Kennedy

William (Bill) Babcock

Lou Kennedy

Russell Bauknight

Charlene Keys*

18,500,942

18,025,944

J. Mac Bennett

David Kulbersh, MD

Total Net Assets

$

103,595,971

100,079,006

Cliff Bourke, Jr.

Daniel Lebish*

Total Liabilities and Net Assets

$

114,272,980

111,372,843

Julie Brenan

Dan Mann*

public support and revenue

Sharon Bryant

Cory Manning

Total Contributions and Special Events

18,170,042

16,357,721

William Cason

Linda O’Bryon

(340,111)

(714,169)

Rita Caughman

Donna Pullen

17,829,931

15,643,552

Total Investment Income

1,512,651

2,148,178

Holt Chetwood

Ben Rex

Less: Investment Income for Agency Endowments

(121,742)

(162,107)

Henry Clay

Beth Richardson

Net Investment Income (Includes Unrealized Losses)

1,390,909

1,986,071

Jill Davis

Terry K. Schmoyer Jr.*

Revenues from Charitable Trusts

1,311,191

(524,193)

Judith M. Davis Past Chair

Michael Schraibman *

Elizabeth Dinndorf

Michael Seezen*

Grants and Related Expenses

Susie Shannon

Less: Grants Disbursed from Agency Endowments

Stacy S. Stokes, CPA Secretary/Treasurer

Total Program Services

Sharon Earle, PhD Calvin Elam John Garrison

Roger Schrum

net assets

Unrestricted Temporarily Restricted

Less: Amounts Received for Agency Endowments Net Contributions

Other Income Total Support and Revenue

$

338,392

179,986

20,870,423

17,285,416

16,819,781

12,586,599

(288,725)

(598,859)

16,531,056

11,987,740

expenses

Investment Management

57,677

55,370

L. Marion Gressette III* Bhavna Vasudeva

Less: Expenses Allocated to Agency Endowments

(4,527)

(4,395)

Carroll Heyward Vice Chair

Net Investment Management

53,150

50,975

Ex-Officio Members

Grants Management and Fundraising

754,452

673,888

Rachel Hodges

Kay Kinard

Felicia Rhue Howard

Scott Macfarland

Bruce W. Hughes Chair

Christopher Worley

CCCF Annual Summary Newsletter 2016.indd 5

*term completed in June 2016

Trust Beneficiary Payments Total Grants and Expenses

$

Increase (Decrease) in Net Assets Net Assets, Beginning of Year Net Assets, End of Year

$

14,800

14,800

17,353,458

12,727,403

3,516,965

4,558,013

100,079,006

95,520,993

103,595,971

100,079,006

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CCCF Annual Summary Newsletter 2016.indd 6

2/8/17 2:19 PM


2016 Annual Summary