The Mosaic of Your Community Foundation Yearbook 2012
The Pieces of Your Mosaic 3
Message from the Board Chair and President
Community Impact Endowment
Nonprofit Endowment Partners
Affiliate Community Foundations
Endowment Tax Credit
Year in Review
Message from the Board Chair and President:
hen we think of a mosaic, in art or architecture, we think of many separate pieces that together make a complete design. The artist skillfully chooses the materials and carefully places each piece. Every piece adds to the value of the mosaic when the artist’s work is done. Each mosaic with its many distinct and different pieces creates a beautiful picture for all to enjoy. Your Community Foundation is a regional philanthropic mosaic that benefits each of the communities in eastern Iowa and western Illinois. Just like great mosaic works of art, your Community Foundation is a valuable asset to the region – forever, because of its many endowments. CFGRB brings together the unique pieces of its mosaic – affiliate foundations, individual and corporate donors, nonprofit organizations, professional advisors, community leaders, and volunteers. Each is integral to the design and shares a common purpose – to make a difference in the lives of others. Together, our philanthropic mosaic is stronger. CFGRB gathers gifts from those with charitable hearts, grows those gifts with careful stewardship, and grants back to strengthen communities. CFGRB has granted more than $36 million to causes that matter since its founding in 1964. And our impact on the future continues to grow. This yearbook highlights and celebrates the Community Foundation’s mosaic of giving. While reading the following pages, consider what your “piece” looks like and the impact you have as a part of this regional philanthropic mosaic. Thank you to all of our friends and supporters who share a passion for giving back and for creating stronger communities for all to enjoy.
Michael Drymiller, Board Chair
Susan Skora, President & CEO
Community Impact Endowment What will our community look like in 2062? We know it will be different, but how?
n the mid-1960s, Beatrice (Bea) Conrad wondered the same thing about 2012. She was a local volunteer and leader of the Girl Scouts. She was also one of the founders of the Community Foundation in 1964.
At that time, Lyndon Johnson was president, gas was 32 cents per gallon, and the average annual income was $6,900. Personal computers were still more than a decade away. Doctors and dentists kept their patient records on paper.
Beatrice (Bea) Conrad
Bea knew that her beloved Quad Cities would grow and change in the coming years. She also knew that a Community Foundationâ€™s strength lies in its ability to be flexible and respond to changing community needs. So she did something to make a difference for the future. When Bea passed away in 1966, she left part of her estate to the Community Impact Endowment. Over time, with gifts of all sizes from more than 100 donors, this Fund has exceeded $11 million. Since 1967, the Foundation has granted from this Fund to area nonprofits to meet the priority needs of the community. From its first grant of $2,000, to more than $600,000 distributed this year, the generous donors to the Community Impact Endowment continue to make a difference in the lives of others. Community Health Care, Inc. (CHC) of the Quad Cities received a Community Impact Grant in the spring of 2012. The grant fulfilled a critical need by funding the implementation of electronic dental record-keeping, a federal requirement by the year 2014. This system includes signature pads that allow patients to complete paperwork and provide consent for needed procedures, ensuring
CHC Dental Clinic
accuracy, efficiency, and safety for patients and staff. These records are electronically transferable among all CHC clinics. This Community Impact Grant is helping CHC improve patient care for those most in need in our community. The Community Impact Endowment allows caring individuals to make a gift for the future – to provide for needs that we cannot predict today. Think of our community as one of your heirs. Your gift, when combined with Bea’s gift, and the gifts of neighbors and friends, will build an unending resource to meet the ever-changing needs of our community. As another CFGRB founder, John Nagle, proudly said, “Now, more than ever, the possibilities are endless.” To learn more about the Community Impact Endowment, its Core Mission Grants, and Community Impact Grants, call CFGRB at 563-326-2840 or visit www.cfgrb.org.
Community Impact Endowment - Volunteer Grant Evaluators Jean Steffenson, a long time friend, Fundholder, and current Board member of CFGRB, has volunteered on the Community Impact Endowment Grant Evaluation panel for nearly eight years. For the past year and a half, Jean has taken on the role of Grant Chair. “One of the most rewarding aspects of evaluating and awarding Community Impact Grants is my increased awareness of community needs and
the way that the Community Foundation and its donors can make a difference for nonprofit organizations working to address those needs,” stated Jean. The Community Impact Grants have also experienced a technology upgrade. Nonprofit applicants submit letters of inquiry and application packets online, CFGRB staff members make initial assessments to determine completeness, and volunteer grant evaluators such as Jean Steffenson, review each application. Throughout the years, this important evaluation process has been entrusted to CFGRB’s many dedicated volunteers.
Individual Endowments A “Special Collection” of Birthday Surprises
urrounded by good friends and family, Lorraine Duncan recently celebrated her 91st birthday at the Davenport Public Library. While the Library might be an unexpected party location, to Lorraine it is a second home. She spent 40 years as a volunteer for the Scott County Iowa Genealogical Society and the Library’s Richardson-Sloane Special Collections Center. Numerous dedicated volunteers work countless hours scanning, organizing, and cataloging historical documents related to the Quad City area. Lorraine’s work concentrated on genealogy and cemetery records.
To commemorate Lorraine’s birthday, and to honor her mother’s tireless volunteer commitment, Pat Duncan surprised her mother with The Lorraine Duncan Special Collections Endowment, a permanent endowment at the Community Foundation. The Fund will benefit the Special Collections Center of the Library in perpetuity. Each year the Library will receive a distribution from the Fund in honor of Lorraine. More than 14,000 users access the Center’s resources annually – some are scholars, others are tracing their families’ roots. City planners often turn to the Special Collections Center. For example, the Davenport Department of Public Works is relying on an 1853 map of Davenport for some current projects. The Library is in the process of acquiring In addition to the generous contributions of and preserving this map. The Lorraine Duncan Special Colmore than 100 donors to the Community lections Endowment will be a Impact Endowment, individual donors have source of funding for similar also used CFGRB to establish endowments acquisitions and other work of the Center. to support the causes they care about. Each
Lorraine’s 91st Birthday Celebration
of these endowments is a reflection of the donor’s unique interests and charitable passions.
Richardson-Sloane Special Collections Center
“It’s remarkable and wonderful that Lorraine’s family recognized how much her work means to her,” said Library Director LaWanda Roudebush. “Now, Lorraine knows that her work is going to be carried out in the future.” LaWanda says the Library will be able to do a lot with the annual distributions from this Endowment. “We’ll be able to do more to preserve historic materials,” she says. “It’s a gift that will help our community for years to come.” Pat Duncan’s loving tribute to her mother is a lasting gift for everyone.
Separated by Miles, Never by Heart
oday you can find her enjoying retirement in St. Louis, Missouri – but Sue Stolze is an Iowa girl at heart. Born and raised in Des Moines, Sue went to school, married, raised two sons, and pursued her career in Davenport. These roots inspired her to look north when deciding where to make a charitable gift. Sue Stolze serves as a volunteer tutor in the St. Louis area
“My frugal middle class background, good fortune, and sound advice along the way, led me to a comfortable retirement,” stated Sue. “I began to consider how much is ‘enough’ for my nest egg. There is a Bible story about a man who builds bigger and bigger barns to store all his goods. I could do that, or I could use some to help others.” Guided by her financial advisors, Laura Swift and Scott Stoltenberg at the Quad Cities Investment Group, Sue worked with CFGRB to explore her charitable options. Sue moved to the St. Louis area more than a decade ago to be near family, but her Quad Cities connections remain strong. In particular, she stays involved with Humility of Mary Housing, Inc. (HMHI) in Davenport. During her career as an educator, Sue worked with diverse populations of teenagers at public schools in the Quad Cities. HMHI served many teen mothers and children. “I loved their holistic approach,” recalled Sue. “They offered not just a place to stay, but also skill-building programs to help their clients succeed.” After visiting with CFGRB about her interests and goals, Sue established two funds. The Sue Stolze Charitable Giving Fund, a Donor Advised Fund, is a way for Sue to organize her annual donations to various charities, including HMHI. She makes donations to her Fund, and then recommends grants to charities she selects – in the Quad Cities or elsewhere. The Sue Stolze Foundation Fund, is a permanent endowment that will ultimately provide an ongoing source of support for HMHI forever. “My ponderings about my nest egg, and the needs of HMHI seemed like a match! And the Foundation is the matchmaker. All I know of the Humility Sisters makes me believe they will use my grants well to provide decent homes and support for families. That is better than having a bit bigger ‘barn’ for me.” “I chose the Community Foundation to fulfill my philanthropic goals because I liked the idea of being part of a community effort, and my advisors encouraged me to contribute in this way,” explained Sue. “I’m getting much pleasure from my foray into philanthropy!”
Some of the many clients served by HMHI
Private Foundation Alternatives
any individuals and families consider establishing or already have a private foundation for their philanthropic work. Running a successful, mission-driven foundation requires steadfast vision, strong leadership, and hard work. It also takes time and resources. A private foundation can be a terrific vehicle for charitable giving, but sometimes the complexities, time, and expense of managing the foundation’s affairs can diminish the joy of giving or become a burden to maintain. The Community Foundation offers donors flexible alternatives to a private foundation that retain the benefits, while eliminating the burdens: • Charitable Giving Fund (Donor Advised Fund): Enables donors to organize and streamline their annual giving. These Funds are fully expendable to support the causes the donor cares about most. • Private Foundation Fund (Endowed Donor Advised): Enables donors to perpetuate their support of favorite charitable causes, or a field of charitable work, through a permanent endowment. • Customized Services: Some private foundations continue to be independent but work with CFGRB to ease some of the administrative burdens. There is tremendous flexibility in the professional services available to private foundations. Individuals and families who use one of CFGRB’s private foundation alternatives maintain the identity and charitable goals that they would have with a private foundation. They gain tax advantages not available through a private foundation, while being relieved of the costs, IRS requirements, compliance regulations, and excise tax payments. Multiple generations of a family can be involved in the charitable work. More than 40 private foundations in the area have converted to become funds of CFGRB, and many more donors – such as Duncan and Dianne Cameron, Sue Stolze (page 8), and Wayne Hierseman (page 10) – have forgone establishing their own foundations in favor of one of these alternatives. For more information, contact Susan Skora, President and CEO, or Barbara Melbourne, Vice President of Development, at 563-326-2840.
Duncan and Dianne Cameron established the Duncan J. Cameron Family Foundation Fund, an Endowed Donor Advised Fund, in 2004
“The Community Foundation is capable and follows through so we don’t have to worry about things getting done. We respect, and have faith and confidence in all those we come in contact with – from the President and CEO, Susan Skora, to Lindsey Wheeler who greets us when we visit their office. What we love most about working with the Foundation is the people.” - Duncan Cameron
For the Children . . . Forever.
ou never saw Mark without a child in his arms,” recalls Wayne Hierseman. “He had such a generous heart and we miss him.”
The youngest of Wayne’s three sons, Mark Hierseman, was 46 when he was killed by a drunk driver in 2002. Mark was an engineer by trade, a fitness enthusiast, and active in his church. He and his wife Debbie were known for opening their hearts and their home to countless foster children in need. As a way to honor his son, and to continue helping children, Wayne established The Mark S. Hierseman Memorial Foundation Funds. Each of the two Funds is an Endowed Donor Advised Fund. In most respects, the Funds are the same. Each is a permanent fund, and Wayne serves as the advisor to the Funds, making grant recommendations to charities he identifies. The Funds differ in only one respect. From one Fund, Wayne makes grants to nonprofits all over the country. From the other, he makes grants to nonprofits working in Iowa. In addition to the Federal income tax charitable deduction for both Funds, on the latter Fund he received the Endow Iowa Tax Credit for 25% of the amount of his gifts to the Fund.* “This arrangement gives me tremendous flexibility,” said Wayne. “And with each grant, I am able to do something good in Mark’s memory.” Mark and Debbie Hierseman
For Wayne, family has always been important. For 30 years Wayne served his country as a Commander in the U.S. Naval Reserves. He was a chemical engineer for Esso, a division of Exxon Mobil Corporation, and later with the Rock Island Arsenal. Upon retirement from Esso, he returned to the Quad Cities to care for his parents, Luella, a piano teacher, and Earl, a long-time bailiff at the Scott County Courthouse. Wayne’s focus on family influenced his decision to establish Endowed Donor Advised Funds, making philanthropy a family affair. After his lifetime, Wayne’s sons David and Alan Hierseman will serve as Successor Advisors to the Funds and will continue to recommend grants to nonprofits helping to improve the lives of children. After they no longer serve as Advisors, the grants will be directed to similar nonprofits by CFGRB. Wayne credits his partnership with CFGRB to Staff Volunteer Marlin “Hap” Volz, Trusts and Estates Senior Consultant. Hap visited with
11 Wayne and helped him explore the best way to make such a gift. “He really is an asset to the community and the Foundation. He helped me get things squared away.”
CFGRB offers flexibility to its donors. A variety of funds are available to meet each donor’s interests and goals.
• Community Impact (grants where the need is greatest)
• Charitable Giving Fund (Donor Advised Fund)
• Corporate Foundation Fund (Endowed Donor Advised Fund)
• Friends of the Foundation (annual operating Fund for the Community Foundation)
• Designated (specified organizations receive distributions) • Field of Interest (such as youth, homelessness, hunger, education)
• Project Funds (limited in scope and duration) Non-endowed Funds are wholly spendable.
• Friends of the Foundation (supports the important work of the Community Foundation) • Nonprofit Organization (a Nonprofit Partner’s own Endowment) • Private Foundation Fund (Endowed Donor Advised Fund) • Scholarship Endowed Funds annually pay out 4.5% of market value averaged over five years.
Donors have 24/7 online access to their funds through MyFund located on the CFGRB website. To learn more or register for MyFund, visit www.cfgrb.org or call Hannah Morrell at 563-326-2840.
* For additional information on the Endow Iowa Tax Credit Program, refer to page 18 of this Yearbook.
The Legacy and Endowment Societies
n the early 1900s many scoffed at William Dulon (W.D.) Petersen’s ideas, calling him a dreamer. As he walked through the unsightly garbage dump lining the Mississippi near downtown Davenport, he pictured thriving businesses, parks and attractions. He envisioned this future for his beloved community, and then made it happen. Known as the “Father of the Davenport Levee,” W.D. worked tirelessly to develop the area and personally invested $100,000 in the project. Later, in 1924, he donated the funds to build the W.D. Petersen Music Pavilion (LeClaire Park bandshell) in memory of his daughter, Wilma.
William D. Petersen
Today, the levee and bandshell bring immeasurable value to the quality of life in this region, hosting celebrations, concerts, bicyclists, picnickers, and political rallies. W.D. accomplished these goals, but did not stop there. His vision of a vibrant community extended beyond his lifetime. Once again, he turned his dreams into reality.
In his will he provided for the establishment of two permanent Endowments. The William D. Petersen Fund for Medical Care of the Needy provides medical care and services to people living in this area who can least afford it. The William D. Petersen Fund for Needy Children provides disadvantaged The Legacy Society children an annual excursion arranged by local The Legacy Society recognizRotary Clubs. W.D. died in 1928 and, 84 years es the distinguished group of later, the Community Foundation is managing individuals who demonstrate these Endowments and making annual grants their foresight and commiton his behalf, just as he intended almost a ment by including the Comcentury ago. munity Foundation in their estate plans. Members of “He thought of his hometown as part of himself. The Legacy Society are envisioning a future for our What he wanted for himself, he wanted for his community, and making that a reality through their fellow citizens,” remarked generous planned and deferred gifts such as: Hugh Harrison, City Editor of the Davenport Democrat • Bequest through a will in 1919. Generations from • Charitable lead and remainder trusts now, these Endowments • Beneficiary designation in a retirement plan will still be here, doing the • Beneficiary designation or a gift of life insurance work that the dreamer, • Contingent beneficiary gift W.D. Petersen, envisioned. • Charitable gift annuity • Remainder interest in a home or farm The rewards of membership include the achievement of personal, financial and estate planning goals, including tax savings, which are unique to these gift arrangements. Members enjoy special events, and a memento of membership. Some members of The Legacy Society also are members of The Endowment Society, because they have established endowed funds during their lifetime.
13 “I have a great regard and affection for this community and its people. I have provided for this charitable endowment with the thought in mind that for all time some suffering may be relieved and some poor and unfortunate people may be helped through the use of some of the money and property which a long business career in this community enabled me to acquire.” ‒ Excerpt from the 1928 will of William Dulon Petersen. He was a German immigrant who founded J.H.C. Petersen & Sons Store in 1872, and in 1916 he sold that business ‒ which had grown to more than 400 employees ‒ to Harned & Von Maur.
William D. Petersen’s words embody the spirit of the Community Foundation and its donors. Many individuals have been inspired by the same ideals as W.D. Petersen. Through their commitment to their communities, and through their generosity, our donors are making a difference in the lives of others. To honor those who embrace a vision of a better community now and in the future, the Community Foundation proudly invites them to membership in The Legacy Society and The Endowment Society. The Endowment Society’s Charter Membership period extends through 2014, the Community Foundation’s 50th anniversary. To learn more about how to turn your passions into action, and how to join the visionaries of The Legacy Society and The Endowment Society, contact Susan Skora, Barbara Melbourne, or Al Zwilling at 563-326-2840, or visit www.cfgrb.org.
The Endowment Society Endowment is the heart of SOCIETY your Community Foundation. The Endowment Society recognizes the exceptional group of donors whose generosity strengthens our community now and forever. Membership in The Endowment Society is extended to those who have: Community Foundation Great River Bend
• established a named, Endowed Fund with the Foundation or one of its affiliates; and • contributed $10,000 or more to their Fund during their lifetime. Naturally, the most important benefit of membership is the satisfaction of making a difference in the lives of others for generations to come. Members also enjoy the achievement of personal and financial goals including tax savings which are unique to these gift arrangements. Some members may also be a part of The Legacy Society, if they have included the Foundation in their estate plans.
Nonprofit Endowment Partners The Immigrant Experience – from Germany to Davenport
n the mid-to-late 1800s millions of German citizens left their homeland for America. Scott County, Iowa, where the first passenger railroad crossed the Mississippi River, was the “Ellis Island” of the Midwest for many of these immigrants. Upon arrival, thousands stayed in the Standard Hotel, built in the 1860s and located on West 2nd and Gaines Streets in downtown Davenport. Today, nearly 15,000 vehicles cross the Centennial Bridge from Illinois into Davenport every day at that same intersection. Greeting them at the base of the bridge is the beautifully restored hotel, which is now home to the German American Heritage Center (GAHC). Listed on the National Register of Historic Places, this local treasure documents and celebrates the German immigrant experience – an integral part of the history and fabric of life in this region and in the nation. The GAHC houses interactive exhibits, classes, workshops, and programs that educate and entertain, all while preserving German heritage for future generations. As an Endowment Partner of the Community Foundation, the GAHC is building a permanent source of support for its work by growing its Endowment. The Community Foundation manages the Center’s Endowment, and helps individuals who are interested in establishing Funds to benefit the Center. “Now that the building preservation is complete, priorities have shifted to exhibits, programming, and maintenance,” said Janet Brown-Lowe, Executive Director at the GAHC. “We know that having a strong endowment helps to ensure that the Center is here for future generations to learn from and enjoy.” GAHC was one of the first Endowment Partners to earn the 2012 Endowment Challenge Match offered by the Community Foundation’s Board of Directors. “The Endowment Challenge Match has not only benefited our Endowment, but has helped to revitalize all levels of giving,” said Ms. BrownLowe. “The Community Foundation’s Challenge encouraged new donors and some of our current donors to give just a bit more to help us make the Challenge Match.” To learn more about the GAHC visit www.gahc.org.
2012 Endowment Challenge Match The Community Foundation allocated $100,000 for the 2012 Endowment Challenge Match. The first 20 nonprofit organizations to raise $15,000 for their Endowment at the Foundation receive a $5,000 matching grant for their Endowment. If those organizations go on to raise $30,000 before the end of the year, they can choose to have the $5,000 match for their Endowment or for current needs. This is one of several Endowment challenges the Foundation has issued over the years. Some have focused on affiliate foundations and their Endowment Partners, and others have involved the affiliates themselves. To qualify for the 2012 match, nonprofits must be located in Rock Island County, Illinois, or Scott County, Iowa. “Endowment is the heart of the Foundation’s work,” says Foundation Board Chair Mike Drymiller. “This challenge is a terrific way for nonprofits to engage Board members, volunteers, and donors in endowment building.” To qualify for the match, the Endowment Partner must have at least 10 donors give to their Endowment. Matches are made for Endowment gifts that are not restricted for a specific purpose. A nonprofit organization’s discretionary Endowment provides needed flexibility. When the economy is good, it provides a source of revenue to enhance or expand the nonprofit’s work in the community. In more difficult times, it provides a secure source of support for the nonprofit’s core work. Through this Challenge, the Foundation is working to strengthen local nonprofits. To learn more about the 2012 Endowment Challenge Match, visit www.cfgrb.org.
Affiliate Community Foundations The Voices of our Community – in Song
hey gather each summer, voices ready and hearts open. The sound of their melody fills the town. Their mission is simple yet significant: to provide financial support to various community groups through the performance of an intergenerational ensemble.
From left to right: Hannah Burmahl who will be attending Luther College, Pam Edwards, and Jack Scherer who will be attending Western Illinois University
The Community Choir of Geneseo is an ensemble of volunteer singers, with participants ranging from high school students through those in their 80s. The choir was formed in the summer of 2009, by Music Director Pam Edwards. The choir rehearses five times throughout the summer and concludes the season with a concert. Among the many benefiting from the summer concert are high school seniors planning to attend college for music education and performance. As a retired music teacher, Ms. Edwards identified a need that was not being met. “There were no scholarships available for high school seniors intending to major in music education,” recalled Ms. Edwards. With this goal in mind, the choir established an Endowment with Geneseo Is For Tomorrow (GIFT), an affiliate of the Community Foundation of the Great River Bend. Proceeds from each summer concert are used to grow this Endowment so the choir can grant scholarships to Geneseo High School
An Affiliate of the Community Foundation of the Great River Bend
Local affiliate foundations serve their communities by gathering gifts and wisely granting them to improve the quality of life for their neighbors. Our foundation serves as the lead to 14 regional affiliate foundations.
17 seniors pursuing music education degrees. The rest of the proceeds from each summer concert are used to support other charitable groups in the community. The gift of music is one that Geneseo residents can share with their community, while enabling their students to carry it forward and share it with the world. “It is my hope that future music educators will form similar community music groups in the towns where they will teach,” remarked Ms. Edwards.
A Regional Philanthropic Resource Throughout 17 counties in eastern Iowa and western Illinois, you will find a network of community foundations affiliated with the Community Foundation of the Great River Bend. Each of these affiliates represents a particular geographic area, and is led by a volunteer Board of Directors made up of local community leaders, who bring unique strengths and talents to our regional mosaic. The Community Choir of Geneseo is one example of the important work being done through affiliate Community Foundation Service Area foundations. The affiliates serve their geographic region with local decision-making and grantmaking. Local leaders understand the issues and needs of their communities, and are able to connect people who care in their communities with the causes that matter. The Community Foundation provides the affiliates with guidance, support, investment and fund management, and endowment and gift planning expertise. Just as the pieces of a mosaic come together to create a beautiful picture, these affiliates join with the Community Foundation to form a strong and effective regional philanthropic resource. We are stronger together, and everyone benefits.
Affiliates of the Community Foundation of the Great River Bend: Community Foundation of Cedar County Community Foundation of Des Moines County
Community Foundation of Van Buren County
LincolnWay Community Foundation
Community Foundation of Washington County
Morrison Area Community Foundation
Clarence Community Foundation
Mount Carroll Community Foundation
Davenport Legacy Foundation
River Bluff Community Foundation
Community Foundation of Louisa County
Fulton Association for Community Enrichment (FACE)
Community Foundation of North Lee County
Geneseo Is For Tomorrow (GIFT)
To learn more about our affiliates, visit www.cfgrb.org/affiliate.
Endowment Tax Credit Giving through the Community Foundation to the causes you care about is rewarding — in more ways than one.
I How it works:
n 2011, the Community Foundation of the Great River Bend helped Iowa taxpayers – individuals, partnerships, and corporations – receive nearly $400,000 in state tax credits for their gifts to endowments at the Foundation. These credits are made possible through the Endow Iowa Tax Credit Program, enacted by the Iowa legislature in 2003.
Amount of Gift
35% federal income tax deduction savings 25% Endow Iowa state tax credit savings
$ 3,500 $ 2,500
Total tax savings on $10,000 gift Actual cost of the gift
$ 6,000 $ 4,000
The savings are even greater if a donor makes the same gift using appreciated securities instead of cash, because the donor avoids capital gains tax on the donated securities.
A bill similar to Endow Iowa has been presented to the Illinois legislature, and is being monitored closely by the Community Foundation. As of September 2012, it has not passed.
Since then, Iowa taxpayers have given more than $95 million in permanent endowment gifts that qualified them for a 25% credit toward their Iowa taxes, in addition to any federal income tax charitable deductions they enjoyed. These gifts are improving communities and impacting lives throughout the state now, and they will continue to do so for generations to come.
The Endow Iowa Tax Credit Program, administered by the Iowa Economic Development Authority, encourages individuals and businesses to make lasting investments in their communities by building charitable endowments at qualified community foundations, such as the Community Foundation of the Great River Bend and its Iowa affiliates. $4.5 million in tax credits are available on a first-come-firstserved basis for 2012. If you would like more information about these tax credits, contact us at 563-326-2840, or visit our website at www.cfgrb.org.
Lending Their Expertise to the Community Foundation
he Community Foundation is pleased to announce the addition of three new Staff Volunteers – Hunt Harris, Tom Thoms, and Dean Drexel.
Hunt and Tom will serve as Co-Directors of Investment Manager Relations, focused on strengthening the partnerships with investment managers who work with the Community Foundation. The relationship with these managers is significant – they help grow the Community Foundation’s investments and link their philanthropic clients to the Community Foundation, allowing us to make a greater impact in the region. “We are pleased to have access to the savvy investment expertise of Hunt and Tom,” stated Susan Skora, President and CEO of the Community Foundation. “Both have superior analytical skills and will serve as excellent advocates in our investment community.”
Dean Drexel will serve as Director of Real Estate, and will assist the Foundation as we accept and manage gifts of farmland and other real estate. “More donors are realizing the many benefits of making gifts involving real estate,” said Skora. “Having Dean as our real estate expert will help the Foundation navigate this growing area of philanthropy.” The three volunteers bring a strong entrepreneurial and philanthropic spirit to the Community Foundation, in addition to a tremendous amount of experience and expertise. Tom is a past CEO at Thoms Proestler Company (TPC), and Hunt was the President and CEO of Star Forms, Inc. and previous owner of Isabel Bloom. Dean served as the Director of Vera French’s Community Residential Program. Hunt, Tom, and Dean join three local leaders already serving CFGRB and our community: Jim Horstmann, Legacy Director; Dick Kleine, Director of Corporate Relations; and Marlin ‘Hap’ Volz, Trusts & Estates Senior Consultant.
Marlin ‘Hap’ Volz
Professional Advisors Junk, and a Legacy, of Distinction Ed Tschappat
e was a self-made man,” said Larry Tschappat of his father, Ed. “My father earned everything he had. He paid his own way through Brown Business College, while working a night job and supporting his family.” In 1940, Ed married his high school sweetheart, Lucille Hughes. He worked as a bookkeeper at Brady & Co., a Rock Island salvage company, before and after serving with the Navy in WWII. Ed purchased the company with Jim Nies in 1951, and renamed it E & J Metal Company. “He had such a great sense of humor,” recalls Ed’s daughter-in-law Jane. “He created the company slogan – ‘Junk of Distinction.’” He carefully invested, saved and worked hard. “The flood of 1965 nearly devastated the company,” remembers Larry. “But Dad simply ran a phone line out to one of the scrap cars not under water and worked out of it. He made sure his customers could reach him despite the flood.” Ed was active in the community, and always generous with his time and money. Yet he was modest. When a friend could not afford to send his child to summer camp, Ed quietly reached into his pocket and gave his friend the money. “He was always thinking about others and didn’t look for recognition,” said Larry. Through his estate, Ed wanted to provide for his family and give something back to the community that helped him succeed. His financial advisors suggested that he establish a Charitable Remainder Trust with the Community Foundation. When Ed passed away in 2010, the trust was created. It accomplished Ed’s personal and financial goals, while saving significantly on estate taxes. The trust provides lifetime income to Larry. The remainder will endow The Edward R. Tschappat Scholarship with the Foundation. Ed knew that perseverance pays off and he wanted the scholarship to encourage Quad Cities area students – especially ones who are in danger of dropping out of school – to complete their education. Larry and Jane are pleased that countless generations of youth will be inspired to succeed through Ed’s legacy, which lives on in the Quad Cities. Ed’s sense of humor lives on as well, as his epitaph reads, “Junk of Distinction.”
Teamwork that Works
o matter what the size of a person’s estate, numerous pieces must come together in an effective plan, including the individual’s personal, financial, and charitable goals. Professional advisors can form a “team” and work with the Community Foundation’s experts to bring those pieces together into a plan that works. Ed Tschappat worked with a team that included his financial advisors, Jay Stanley and Lynn Behrends, of Robert W. Baird & Co.; his attorney, Sam Gilman; and the Community Foundation. This team ensured that each of Ed’s goals would be achieved.
Jay was Ed’s friend and advisor for more than 30 years. “Ed was a hard worker. When he told me what he wanted to accomplish, I knew he should work with the Foundation,” says Jay, who, since retirement, is volunteering for numerous causes in our community. Lynn has been a financial advisor for more than 20 years. “This business is about relationships, not numbers,” she says. “Every client has different needs, and ideas. The Community Foundation offers flexibility to help meet these needs.” Lynn also serves as an investment manager of the Foundation. Sam brought his legal expertise to the team. “The Community Foundation was the right place for Ed’s Endowment,” said Sam. “Its community focus reflects Ed’s generosity towards others throughout his life.” At 91, Sam is currently enjoying retirement while continuing to remain up-to-date on the law. Jay, Lynn, and Sam are members of the Community Foundation’s Advisor Circle, which recognizes advisors who have fostered new partnerships between their clients and the Community Foundation.
Community Foundation Advisor Circle Members of the Community Foundation’s Advisor Circle serve their clients through inspired legacy planning. Each member has assisted one or more clients in establishing a significant gift at the Foundation to benefit the community. We recognize these professionals, and the vital role they play in making their clients’ philanthropic goals a reality. Ray Allen Lynn Behrends Larry Calvo Jack Dane David Dettmann Dan Ellard Sam Gilman Ron Hansen
Judy Hilgenberg Roger Hill Peter McLaughlin Kirk Metzger Jim Nash Henry Neuman John Norton John Pedersen
John Slover Jay Stanley Leigh Svacina Marie Rolling-Tarbox Scott Voigt Dana Waterman Cal Werner Pete Wessels
Community Programs Take a Walk on the Wild Side
ow about a jog, hike, bike ride, or kayak adventure? QC Wild Places (QCWP) makes it easy and fun to explore the dynamic natural landscape of the Quad Cities and the Mississippi Valley region.
QCWP began in 2011 when the local nonprofit River Action formed a partnership of like-minded individuals and organizations to advocate awareness, access, and conservation of natural areas. QCWP now encompasses 103,750 acres on 63 nature sites throughout eight counties in Iowa and Illinois, bringing together a variety of bluffs, wetlands, and trails – all contributing to the beautiful mosaic of natural resources found in our community. Each of the sites (municipal, county, and state parks, as well as wildlife areas and preserves) is within a one hour drive of the Quad Cities and admission is free! “The goal of QCWP is to identify, promote, and enhance natural resources in the area, so that our community is more likely to enjoy these local treasures, while acting to protect and make them better,” said Kathy Wine, President of River Action. “We are a multi-county partnership, and our new website helps us to encourage eco-tourism and nature-based recreation while promoting stewardship of the environment.” When River Action took up the call to bring the region’s natural areas to the attention of its communities and to foster eco-tourism to these amazing resources, the Community Foundation stepped forward to help. Several grants from the Community Foundation helped River Action convene the partners, identify additional grants, and build the website, www.qcwildplaces.com. Grants such as these are aimed at building the capacity of nonprofit organizations to deliver their services – making our communities stronger. Visit www.qcwildplaces.com to begin your adventure!
Partners in Health and Wellness
ave you taken a trip to your doctor this year? Anyone visiting a doctor’s office is familiar with the process: you check in, flip through magazines, and wait to be called in by a nurse. But nursing impacts much more than the daily work of a physician’s office. Trained nurses are needed in schools, hospitals, nursing homes, and other medical facilities. As our population grows and ages, the demand for qualified nurses increases. In Iowa and Illinois the number of people aged 65 or older is expected to double within the next 10 years. The United States currently has 2.74 million registered nurses. By 2020 we will need approximately 4 million nurses to meet the needs of an aging population (U.S. Bureau of Labor and Statistics). Maintaining a strong faculty base to educate and train nursing professionals proves even more critical than increasing the number of registered nurses. There are currently 75 full-time nursing instructors in the Quad Cities. By 2020 the area will need 50 new instructors to accommodate increased student needs combined with the expected retirement of almost half the current workforce (U.S. Bureau of Labor and Statistics). To fill these gaps, Illowa Partners in Nursing (PIN), brings together the key partners needed to advance the area’s nursing workforce. Nicole Dorr, MSN/RN, serves as the Regional Nursing Education Coordinator for PIN. She describes her role as the “quilt maker” of the nursing community in the Quad Cities. Nicole supports meetings among representatives from two regional health systems, six area nursing education institutions, and two local health departments, to address the nursing shortage and prepare for the looming instructor shortage. The Community Foundation plays an active role in this effort by receiving the grant support from the Robert Wood Johnson Foundation, Northwest Health Foundation, and the matching grants from local partners, which makes this important work possible. To learn more about this collective effort, visit: www.partnersinnursing.org.
Young Leaders A Decade of Making a Difference
ince its inception in 2002, the Teens for Tomorrow (T4T) youth philanthropy program has welcomed 238 high school participants, and those students have granted more than $60,000 to the community.
As we celebrate the first decade of T4T and the difference these teens make in our community, we also celebrate the difference T4T has made in the lives of the students. Sarah Bush
Over the last 10 years, T4T has seen numerous bright-eyed students hesitantly walk into the Community Foundation’s board room for their first T4T meeting. Many of these students had never heard of the Foundation, much less had any knowledge of the words “philanthropy” or “grantmaking,” and what those words mean. In reflecting on her very first T4T meeting in 2002 with the inaugural group, 2005 Alleman High School graduate Sarah Bush recalls a room full of teenagers, no two alike. There were students from all the area high schools; young ladies and young men, some interested in math, some in athletics, some in music, and some in becoming more involved in their communities.
Community Foundation Cultivates Future Leaders T4T is made up of students in grades 9-12 recruited from high schools in Rock Island and Scott counties. During the nine month program, members work together to identify community needs, learn about nonprofit organizations, review grant applications, and award $10,000 to local nonprofits. T4T is supported by The Herb and Arlene Elliott Endowment.
“My first T4T meeting was an amazing experience,” stated Ms. Bush. “There were students from across the Quad Cities with different experiences and interests, yet they were all in the same room sharing ideas about working towards a common goal.”
That common goal – exploring community needs and determining Through scholarship opportunities and programs where money should be granted to such as T4T, the Community Foundation is enachieve the greatest impact – has couraging local youth to become involved in their given students both tangible and communities. intangible experiences. “Many times teens aren’t given a lot of responsibility other than the usual homework and help around the house,” said Ms. Bush. “Visiting nonprofit organizations, reviewing their grant applications, and working through the deliberation process of awarding funds was an empowering experience. T4T gave us an opportunity to make decisions as a group that had a direct effect on our community.”
The influence of T4T in Sarah’s life is immeasurable. “I was shy and not involved in sports, so T4T gave me the opportunity to find my own personality and the voice behind it,” said Ms. Bush. “Because of T4T, I became friends with students throughout the Quad Cities and made education and career connections I had never imagined would be possible.” Sarah is currently the Senior Marketing and Communications Associate for OutcomesMTM® in West Des Moines, Iowa. Sarah continues to show her leadership and philanthropic spirit in her community. In her free time, she created “Pretty Does Nails” with her roommate (a former esthetician). They visit residents at a local assisted-living home to provide free manicures to the women there. All tips given by grateful residents are given to Face to Face International, a nonprofit that helps those who suffer from facial deformities caused by birth or trauma. Each T4T participant’s story is unique, but all the teens share in the life-changing experience of being a part of this program. And many, such as Sarah, are actively giving back to their communities with their time, talent, and treasure.
One Person Can Change a Life
ebecca Briesmoore, a senior at Iowa State University, always believed she was going to become a teacher – that is, until everything changed.
As a freshman at Davenport Central, she attended a girls’ science and technology workshop. Teresa Kirkeeng-Kincaid, a civil engineer with the U.S. Army Corps of Engineers and an active member of the Davenport Rotary Club, gave a 20-minute presentation about her career. It was obvious to Rebecca that Teresa was a remarkable civil servant who dedicated her entire career to making her community and the Upper Mississippi River Region a better place. Teresa took the time to share her passion and encourage others. That day, Rebecca decided to become a civil engineer and is now well on her way to reaching her goal. Rebecca never got to tell Teresa what a difference she had made in her life. In 2007, not long after the presentation, Teresa passed away from cancer. But her influence has remained in Rebecca’s life. In 2009, Rebecca applied for the Davenport Rotary Club Scholarship. “I told the interview panel about Teresa being the inspiration in my life,” said Rebecca, who was awarded the $16,000 Rotary Scholarship. “Having been awarded this scholarship was a major factor that led me to my current internship at the Army Corps of Engineers this summer.” Recently, while cleaning out a filing cabinet in her office in the Clock Tower Building of the Army Corps of Engineers, Rebecca found some papers that were signed by Teresa Kirkeeng-Kincaid. “Although I never spoke to her beyond that 20-minute presentation, at that moment when I found those papers, everything about my career choices made sense,” Rebecca recalls. “Teresa’s 20 minutes, and the generosity of all the Davenport Rotarians, changed my life.” The Davenport Rotary, established in 1922, has utilized the Community Foundation of the Great River Bend to administer their annual scholarship since 2001. More than 350 students have benefitted from the Davenport Rotary Club’s Scholarship Program.
Rebecca at her desk on the Rock Island Arsenal
Year in Review The Community Foundation of the Great River Bend (CFGRB) ended 2011 with total assets of $80 million in 740 Funds. 2011 gifts numbered 4,021, totaling $12,560,000. CFGRB and our affiliates distributed 1,700 grants and scholarships in 2011, totaling more than $4.2 million. CFGRB and our affiliates awarded 227 scholarships in 2011 totaling more than $567,000. CFGRB reached more than $36 million in grants and scholarships distributed since its founding in 1964. Achieve Quad Cities won the Common Good Award for Advancing Education, one of three international awards given by United Way Worldwide. CFGRB added 20 new Nonprofit Endowment Partners who are working with us to build their Endowments. CFGRB adjusted its largest grant program to focus on building the capacity of nonprofits to better meet their missions and doubled the maximum grant amount. A new online system for grant and scholarship applications and evaluations was implemented. CFGRB partner, Illowa Partners in Nursing (PIN), received one of six national grants from the Robert Wood Johnson Foundation to strengthen partnerships focused on nursing workforce development. More than 265 volunteers served CFGRB and its 14 affiliates. Staff members Carrie Dearborn and Nicole Freise graduated from the Quad City Leadership Academy. CFGRB was selected as an AmeriCorps VISTA host site (one of only nine statewide) and welcomed Rachel Fredericksen as our Affiliate Development Associate, VISTA member. CFGRB welcomed new Staff: Natalie Anderson as Director of Communications, Toni Yanek as Development Associate, and Krista DeJoode as Accounting Associate.
Community Impact Fund Grants: $347,745
As of 12/31/2011 $90,000
Achieve Quad Cities Community Convening
Aim for Excellence
Opportunity Fast Track
Great Grants: Proactive grants determined by Board of Directors to address emerging community issues. Responsive Grants: Grants awarded through competitive applications as community/nonprofit needs arise.
Community Improvement & Development
Total Grants for Donor Directed Purposes: $4,424,887
Education & Research
Religion & Spiritual Development
Arts, Culture & Museums
Philanthropy & Volunteerism Health
Children & Family Services
Land Use & Protection
Environmental & Animal Welfare
Distributions from: Designated Funds; Donor Advised Funds; Scholarships; Organization Endowments; Field of Interest Funds
Total Gifts Received: $12,559,147
Charitable Giving Funds
Affiliate Charitable Giving Funds
Community Impact Funds
Friends of the Foundation
29 Total Number of Funds: 740 6% Other 21% Non Endowed Funds
73% Endowed Funds
Total Assets: $80,064,628 19% Affiliate Assets
To view the Independent Auditor’s Report for 2011 and CFGRB’s IRS Form 990, visit www.cfgrb.org/financial
81% CFGRB Assets
Endowment Pool: $56,223,900 7% Cash & Cash Equivalents
25% Fixed Income
Board Members Michael K. Drymiller, Chair
Deann R. Thoms, 1st Vice-Chair
Pete M. Wessels, 2nd Vice-Chair
Chris Wahlig, Treasurer
Jill N. McLaughlin, Secretary
Diane B. Harris, Past Chair
Katherine A. Andrios
Daniel P. Ellard
Randy A. Moore
Linda K. Neuman
David A. Nuernberger
Luann K. Rickert
Jean H. Steffenson
William R. Storm
Terry D. Wilson
Staff Members You are invited . . . To view this Yearbook online, please visit www.cfgrb.org. You can also view pictures and read stories about wonderful individuals, families, and organizations working to improve our community. Simply click on the Give section, Donor Stories link. In addition, you can learn more about how to establish your own named Fund or how to endow your annual gift to your favorite charity, forever. We are here to serve you, and we welcome your phone call or visit. For a confidential one-on-one consultation with Susan Skora or Barb Melbourne, please call 563-326-2840.
Social Media: Don’t forget to visit us on Facebook, Twitter, and on our blog www.susanskora.org.
Front Row: Lindsey Wheeler, Business Operations Associate; Hannah Morrell, Director of Administration and Donor Services; Susan Skora, President/CEO; Carrie Dearborn, Development Associate; Toni Yanek, Development Associate Second Row: Matt Mendenhall, Vice President of Programs; Nicole Freise, Program Associate; Rachel Fredericksen, Affiliate Development Assistant – AmeriCorps VISTA Member; Marcia Meinert, Accounting Associate Third Row: Brady Frieden, Teens for Tomorrow Student Director; Barbara Melbourne, Vice President of Development; Natalie Anderson, Director of Communications; Dean Drexel, Director of Real Estate Back Row: Dick Kleine, Director of Corporate Relations; Kathy Graves, Vice President of Finance and Administration; Tom Thoms, Director of Investment Manager Relations; Marlin ‘Hap’ Volz, Trusts and Estates Senior Consultant; Al Zwilling, Director of Affiliate Development; Jim Horstmann, Legacy Director Not Pictured: Hunt Harris, Director of Investment Manager Relations; Susan Parker, AmeriCorps Youth Advocate; Paulette Kuehl, Office Volunteer; Tom Rubley, Office Volunteer; Krista DeJoode, Accounting Associate
Acknowledgements: Printing: The Brandt Co. Cover photo taken by Mik Holgersson of Vildmark Inc.
Staff Photography: Trent Foltz Photgraphy Design: Jill Weitzel, MVP Design Works
852 Middle Rd., Ste. 100 Bettendorf, IA 52722 P 563.326.2840 www.cfgrb.org
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