CFL 2012 Annual Report

Building community together

C O M M U N I T Y F O U N D AT I O N OF LOUISVILLE

C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

Together we are

The depth of feelings people have for Louisville and the “dirt under their feet” is truly inspirational. It is a profound commitment to leave our community a bit better than the way we found it.

Louisville is brimming with generous families and organizations, some known better than others: Hillerich, Brumleve, Receveur, Psi Boulé.

It is an honor to work with such kind and thoughtful philanthropists who give selflessly to our community, honoring Louisville’s past while working to secure its future.

VISION

M I S S I O N VA L U E S

cflouisville.org

transforming our community

We work with hundreds of generous philanthropists who share a common quality—PASSION. A passion for Louisville. A passion for a particular cause or opportunity. A passion for giving back.

Louisville. Legacy. Passion. Philanthropy.

Thank you for giving us the opportunity to help you do more than you ever thought possible. Thank you for helping us make charitable giving a permanent part of the Louisville story.

Susan A. Barry, JD

Mimi Zinniel

President & CEO

Chair, Board of Directors

1

VISION

If you want to see joy, spend some time with Jack Hillerich on the factory floor at Hillerich & Bradsby. He glides from machine to machine, happily turning wood or burning the famous Louisville Slugger logo onto a new bat. Pride shines in his eyes when he talks about his company’s hometown. “I was in New Zealand at a gas station, and a guy asked, ‘Yank, where are you from?’

I told him I’m from Kentucky. He asked whereabouts in Kentucky and I responded Louisville. He immediately followed with ‘Slugger.’ In New Zealand! We owe it to Louisville. It’s part of who we are.”

M I S S I O N VA L U E S

Jack’s older sister, Joan, shared his passion for Louisville.

When she passed away in 2007, she entrusted Jack to use part of her estate to give back to the community they love. He considered a private foundation, but was overwhelmed by the legal and accounting responsibilities. So Jack contacted the Community Foundation and created the Hillerich Family Charitable Foundation.

He says that working with the Community Foundation is the best thing he could have done for his philanthropy.

We think the Hillerich family is one of the best things that has happened to Louisville.

Jack Hillerich and his sister Joan Hillerich Houk (circa 1987)

“ We focus on Louisville because that’s who we are. It’s in our name.”

Making

cflouisville.org

C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

John A. “Jack” Hillerich III Chairman, Hillerich & Bradsby, maker of the Louisville Slugger bat Hillerich Family Charitable Foundation Donor-advised fund To hear more of Jack’s story, use your QR Reader/smart device or visit cflouisville.org/HillerichStory

a lasting impression

3

VISION

M I S S I O N VA L U E S

Psi Boulé Psi Boulé is the Louisville member boulé of Sigma Pi Phi Fraternity, also known as “The Boulé.” Its membership consists of accomplished, affluent and influential African-American men.

Psi Boulé Fund Donor-advised fund To find out more about Psi Boulé, use your QR Reader/smart device or visit cflouisville.org/PsiBouleStory

All for one

cflouisville.org

C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

When three members of Psi Boulé walked into the 6th grade classroom at the West End School, it was simply to say hello to the boys and pose for a few photographs. They didn’t anticipate what would happen next. They were greeted with a firm handshake from each student who looked them in the eye and introduced themselves. The boys asked questions about potential career paths and college selection. They spent over half an hour together, talking about the importance of education, respect, and self-discipline.

The West End School—a free, private, college preparatory K-8 school for at-risk young men— transforms young boys into responsible men. But they can’t do it alone; they need the community’s support to succeed. The gentlemen of Psi Boulé want to see the West End School and other valuable programs in our community thrive. They collectively created a charitable fund that supports important causes now, and will grow over time to continually support our community in the future.

Psi Boulé members not only talk the talk, they walk the walk. They hope their example will inspire and motivate others to do the same.

Larry McDonald

Raymond Burse

Charles Matthews

Pedro Bryant

Four members of the advisory committee for the Psi Boulé Fund, created to inspire others to give back to the community.

= one for all 280

Last year 280 students received scholarships totaling over $825,000. Individual awards ranged from $500 to several thousand dollars.

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VISION

M I S S I O N VA L U E S

About a dozen years ago, an editorial in the newspaper argued that many Louisville-area professionals have more money than they will ever need, and they should give back to the community that contributed to their success.

Ben Brumleve took that article to heart.

While he worked hard for his achievements, Ben recognized that he didn’t do it alone­—he had educational opportunities and emotional support that many young people in our community just don’t have. So he supports The de Paul School, which helps elementary students with learning differences succeed in the classroom and in life.

He also gives to the West End School, a private school that helps at-risk boys in grades K-8 get on the path to academic success and personal growth. Of course, you’d never realize the depth of his commitment to hear Ben talk. He doesn’t boast about supporting The de Paul School for nearly 10 years, and he’s humble about giving tours, painting classrooms and just spending time with the boys at the West End School.

He is passionate about education, and he values generosity and community. That’s why we value Ben Brumleve at the Community Foundation.

3,400

The Foundation distributed 3,400 charitable grants in the Louisville area last year, totaling $31.3 million.

Reading,

cflouisville.org

C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

Ben Brumleve Retired president of Cardinal Carryor, passionate supporter of education Brumleve Family Fund Donor-advised fund Member of Baylor Landrum, Jr. Society To see more about Ben, use your QR Reader/smart device or visit cflouisville.org/BrumleveStory

writing & giving

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C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

When you meet Sharon Receveur for the first time, you are greeted like an old friend. She calls her closest pals her sisters, while younger friends soon become her sons and daughters. Her personal warmth is infectious and comforting. In short, Sharon believes in love. That compassion and desire to connect with others drives her philanthropy in countless ways.

The door is always open A two-time cancer survivor, Sharon is a founder of Gilda’s Club Louisville, which provides a welcoming community for people living with cancer, along with their families and friends. She also recognizes how addictive behaviors tear families apart, so she serves as a board member of The Morton Center to help their programs of healing and forgiveness. Her devotion to Louisville’s Sister Cities program for 22 years—the last ten in the Sister Cities International Leadership Team—has connected her with diverse cultures and perspectives. And she loves to bring people and nature together, which is evident in her book that chronicles the history of Bernheim Arboretum and Research Forest.

Sharon loves life and she loves Louisville. We are honored that she has entrusted us with her charitable legacy that will support her passions forever.

VISION

cflouisville.org

M I S S I O N VA L U E S

Sharon Receveur Author, community volunteer and retired archivist for Metro Louisville, as well as a former Community Foundation board member The Cuzinz Fund Donor-advised fund Children’s Memorial Marker Fund Field-of-interest fund Member of Baylor Landrum, Jr. Society To find out more about Sharon, use your QR Reader/smart device or visit cflouisville.org/SharonStory

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C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

“ If you want to walk fast, walk alone; but if you want to walk far, walk together.”

—African proverb

Partnership We have made it a priority to invest in Louisville by partnering with others. Our community flourishes when we work together, so we are committed to collaborating with other funding organizations, community leaders and individual donors to enrich our community for all.

DonorsChoose.org Partnership Public school teachers spend an average of $356 out of their own pockets for supplies and instructional materials each year.

Multiply that by more than 6,400 teachers in Jefferson County, and you are looking at over $2.2 million in our community alone.

We believe that even the smallest donations can make a difference. So we have partnered with online charity DonorsChoose.org to make it easy for “citizen philanthropists” to support local classrooms. We are matching contributions to classroom projects in local public schools, dollar for dollar, up to a total of $50,000 per school year. The 2012-13 school year marks the second year of a three-year commitment.

A first-grade student at Cane Run Elementary School loves the new literacy games in his classroom.

Since the partnership began in 2011, over 380 classroom projects have been funded reaching over 37,800 students in public schools in Jefferson County. Donations have come from 40 different states and individual gifts have ranged from $1 to over $500.

Robert & Clarita Whitney Fund Robert Whitney was a lifelong musician who was best known for founding the Louisville Orchestra in 1937. He served as its first conductor and held that position until 1967. He was also a composer and educator, serving as Dean of the School of Music at the University of Louisville (1956-71).

Photo: Charles Fentress, Jr./Courier-Journal

Robert Whitney (1904-1986), founding conductor of the Louisville Orchestra.

The late Mrs. Clarita Whitney created the Robert and Clarita Whitney Fund in 2002 to help preserve Kentucky’s musical future as well as its past. The Whitney Fund supports innovative programs that engage new and existing audiences for symphonic music in Kentucky, and the Fund has committed $10,000 for the Foundation’s 2012-13 partnership with DonorsChoose.org. Local classroom projects that incorporate music are eligible for this matching grant.

VISION

M I S S I O N VA L U E S

Kindergarten students at Whitney M. Young Elementary enjoy some learning tools donated through DonorsChoose.org.

Transforming our community, one classroom at a time

cflouisville.org

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VISION

Woof!

M I S S I O N VA L U E S

Many animal lovers have taken advantage of the Endow Kentucky Tax Credit to build up Kentucky Humane Society’s endowment fund, ensuring our community will always be able to care for, love and protect our four-legged friends.

Photo courtesy of Mike Bizell and the ASPCA

C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

cflouisville.org

Endowment Partners The late Owsley Brown II (1942-2011) had an ambitious vision—build local nonprofit capacity through endowments. Rather than depending on annual fundraising to pay for basic operations, local organizations would receive a stream of income from professionally managed funds that are invested for long-term growth. Annual donations could then support more innovative and creative work.

Mr. Brown and a cadre of other endowment-minded professionals approached the Community Foundation in 2011 to create Endowment Partners, a program to help local nonprofits start or increase their endowments by providing ongoing resources, support, training, long-term investment management and visibility.

Over 60 nonprofit organizations are currently members of the Endowment Partners program.

The de Paul School serves elementary and middle school students with learning differences. The school has had an endowment fund with the Community Foundation since 1989 to support its operations, scholarships and program needs.

Academy at Saint Andrews Active Heroes Alzheimer’s Association - Louisville Chapter Arts Club of Louisville Baptist Hospital Foundation Belle of Louisville Big Brothers Big Sisters of Kentuckiana Inc. Bingham Child Guidance Center Brooklawn Child & Family Services Cabbage Patch Settlement House Cedar Lake Foundation Central Kentucky Community Theatre, Inc., Springfield, KY Chamber Music Society of Louisville Christian Care Communities The de Paul School English Speaking Union Family & Children’s Place Farnsley-Kaufman House First Presbyterian Church, Elizabethtown, KY Fund for the Arts Goodwill Industries of Kentucky The Healing Place Heart of Kentucky United Way, Danville, KY Historic Homes Foundation Historic Locust Grove Holy Cross High School Home of the Innocents Hosparus Inc. Independent Industries Inc. Jefferson Alcohol & Drug Abuse Foundation Jewish Community of Louisville Jewish Hospital & St. Mary’s Foundation Junior Achievement of Kentuckiana Kentucky CPA Educational Foundation Kentucky Council on Economic Education Kentucky Humane Society Kentucky Real Estate Education Foundation Kentucky School for the Deaf Foundation, Danville, KY Leadership Louisville Legal Aid Society Louisville Audubon Society Louisville Ballet Louisville Free Public Library Louisville Male High School Louisville Olmsted Parks Conservancy Inc. Louisville Visual Art Association Maryhurst Mental Health America of Kentucky Metro United Way The Morton Center National Center for Family Literacy National Multiple Sclerosis Society - KY Chapter Patriots Peace Memorial Planned Parenthood of Kentucky Portland Museum School Choice Scholarships SeniorCare Experts Seven Counties Services Shelby County Community Theatre, Shelbyville, KY Shelbyville/Shelby County Parks & Recreation Society of Colonial Wars in the Commonwealth of KY Supplies Over Seas Speed Art Museum Summit Academy United Crescent Hill Ministries Volunteers of America of Kentucky Inc. Wayside Christian Mission Wellspring, Inc. YMCA of Greater Louisville

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VISION

Regional Philanthropy

M I S S I O N VA L U E S

Oldham County Community Foundation Oldham County Courthouse

Local, collective philanthropy is powerful. We want regional communities outside our county borders to enjoy the benefits of community-wide giving, so we support a network of affiliate foundations.

Each affiliate is led by local volunteers who are passionate about enriching their community today and for future generations.

We provide professional gift planning and administration services, and engaged citizens provide local leadership and vision for community priorities.

Ted Merhoff, Advisory Board Chair 502.241.0303 • merhoff@bellsouth.net www.oldhamcountycf.com

Green River Area Community Foundation

Shelby County Community Foundation

Riverpark Center overlooking Smothers Park

Shelby County Courthouse

Serving Daviess, Hancock, McLean, Ohio, Union and Webster Counties Dan Griffith, Executive Director 270.663.1043 • dgriffith@owensboro.com www.greenrivercf.org

Howard Griffith, Advisory Board Chair 502.633.2763 • jhgriffith@insightbb.com www.shelbyccf.org

Nelson County Community Foundation

Wilderness Trace Community Foundation

Nelson County Courthouse

Norton Center for the Arts at Centre College

Byron Corbett, Advisory Board Chair 502.348.6032 • bcorbett@bardstowncable.net

Serving Boyle, Garrard, Lincoln and Mercer Counties Stephen Dexter, Advisory Board Chair 859.236.2641 • dexter@danvillekylaw.com www.wildernesstrace.org

cflouisville.org

C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

Felix E. Martin Jr. Foundation Serving Muhlenberg County

Squeals of joy and laughter float above the playground where young children climb, swing and slide on equipment atop fresh safety surfacing. Teenagers battle for bragging rights on new basketball and sand volleyball courts, while a family shares a picnic lunch in the shade of a park shelter.

These visions of a vibrant community park system are becoming a reality in Muhlenberg County.

In 2008, a county-wide needs assessment identified Youth Services as a primary concern. The Felix E. Martin Jr. Foundation took the lead on this critical issue, funding the creation of a master plan for the county’s parks that would provide organized youth activities and programs. The Martin Foundation also facilitated collaboration among the cities, school system and county in order to enhance outdoor recreation options for all residents.

The result is the Greater Muhlenberg Parks and Recreation System, which was created in 2011 and is being funded for five years by a $1 million grant. The executive director for this agency has already established a number of youth sports leagues and has improved communication about park offerings through social media. An additional $3 million grant is renovating existing park facilities and building the first phase of a new 250-acre county park, with a completion date of early 2014.

Creating a unified park system is just one example of the Martin Foundation’s work in Muhlenberg County, but it is one that exemplifies Mr. Martin’s commitment to the longterm growth and vitality of his hometown.

Playground in Paradise Park, Powderly, KY

About the Felix E. Martin Jr. Foundation Felix E. Martin, Jr. (1927-2007) grew up in Greenville, Kentucky, the county seat of Muhlenberg County. At his death he left the bulk of his estate to benefit that community.

His $50 million bequest created the Felix E. Martin Jr. Foundation, which supports the educational, civic and cultural needs of Muhlenberg County. To date the Foundation has awarded over 215 grants totaling more than $11.5 million, with over $2.0 million awarded in 2012. The Felix E. Martin Jr. Foundation is a supporting organization of the Community Foundation of Louisville. www.felixmartinfoundation.org

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C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

Fund for Louisville The Fund for Louisville is unique—it responds to the evolving needs and opportunities in our community. No set agenda, no pre-determined recipients. Our board simply uses this fund to fulfill our mission of enriching Louisville. Dozens of visionary philanthropists who are passionate about our hometown have supported the general needs of our community or provided for a more specific area of focus.

Arts & Culture

Performance and visual arts, cultural heritage, historical activities and arts education.

• George & Mary Alice Hadley Fund • T. Bert & Bertha Wilson Fund

Human Services

Organizations that provide direct social services to assist families, children and youth.

• Affordable Housing Fund • Boyette & Edna Edwards Fund • Dr. W. Barnett Owen Memorial Fund

Education

Education policy, reform and delivery at all attainment levels, including out-of-school, adult and vocational education.

• Winston N. & Nancy H. Bloch Educational Fund • Madi & Jim Tate Fund

Health

Health education programs and organizations that provide direct patient services.

• The AIDS Project Fund • Irving B. Klempner Fund • Bobbye M. Robinson Fund

Community Enrichment

Organizations and programs that impact community building, neighborhood enhancement and entrepreneurial development.

• Historic Preservation Fund • Dennis Reker Fund • Vogt Invention & Innovation Fund

VISION

cflouisville.org

M I S S I O N VA L U E S

GENERAL SUPPORT FUNDS Barbara and Henry Altman, Jr. Family Fund

Katherine Fischer Fund

Jean H. Stewart & Squire R. Ogden Fund

Anonymous Fund

Jane G. Flener Fund

Major John B. Pirtle Fund

John H. & Doris Owen Bickel Fund

Mildred Means Frost Fund

Dennis & Kitty Riggs Family Fund

Edie and Barry Bingham, Jr. Fund

Grosscurth Fund

Rodes Fund

Board Leadership Fund Created by the Board of Directors in memory of the Foundation’s founder, Baylor Landrum, Jr.

Lila and Hunter Henry Fund

Barbara Moore Runquist Fund

Henning and Mary Hilliard Fund

Laurice Samuels Fund

Joule Family Fund

Martin F. Schmidt Fund

Mary Wallis & Baylor Landrum, Jr. Fund

Stephen Memorial Fund

Louisville Locally-Owned Fund

Woodrow M. & Florence G. Strickler Fund

Charles I. McCarty Fund

Richard E. Thielen Memorial Fund

Kate Schmidt Moninger Fund

Lowry R. Watkins, Jr. Fund

Darrell & Joyce Murphy Family Fund

Charles Weisberg Fund

Sara Brown Musselman Fund

Anne & Wilson W. Wyatt, Sr. Fund

Judge Alexander G. Booth Memorial Fund Sara Shallenberger Brown Family Fund Dabney Family Fund Helen Gibson Dean Fund Mary Cummings Paine Eudy Fund

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C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

Baylor Landrum, Jr. Society Legacy—it’s a word that carries a lot of meaning, but is easily attainable through the Community Foundation. By leaving a future gift to the Community Foundation through an estate plan (such as a bequest, life insurance or beneficiary designation), you can be assured that the causes you care about today will continue to be supported in your name forever.

“ I love Louisville, and want so sincerely to leave it a better place than I found it. The only regret I have about not making more money is that I would then have had more to give away.”

Baylor Landrum, Jr. (1918-2011)

The Baylor Landrum, Jr. Society, named for the founder of the Community Foundation of Louisville, honors people who have made arrangements in their estate plans to create endowment funds at the Community Foundation after their lifetimes.

VISION

cflouisville.org

M I S S I O N VA L U E S

Michael Ackerson William O. Alden, Jr. Nolen C. Allen Shirl J. Atwell Dr. Barbara M. Baker Mr. & Mrs. H. William Barnes Mr. & Mrs. Mitch Barnes Edith S. Bingham Mr. & Mrs. Roland R. Blahnik Delwin K. Blair Mr. & Mrs. Willoughby C. Blocker Bruce F. Boldt Dr. & Mrs. Lawrence H. Boram Mrs. McHenry S. Brewer Sarah Wilder Brice Mr. & Mrs. Darrell Brown Prentice E. Brown, Jr. Jewell B. Brownstein & David A. Brownstein Ben L. Brumleve Thomas F. Buetow Mr. & Mrs. Garry S. Burry Mr. & Mrs. David B. Chick Doug & Gena Cobb Mr. & Mrs. Alec Covington William W. Crawford, Jr. S. Gordon Dabney, Sr. Anne Cooper Dobbins & Sanford Weiss Mrs. Dayton Edie Mrs. William E. Edwards, Jr. Mrs. Sam R. Ewing, Jr. Robin Fisher & Jeff Draper Mr. & Mrs. Arnold M. Fox Michael B. French Dr. & Mrs. Salem M. George, Jr. Jerry Greenwell Claudia K. Grenough Stephen D. Grissom Susan Ford Grissom Carmen C. Hayes Frederick G. Heath Lettie M. Heer Mrs. T. Kennedy Helm, Jr. Louis F. Hettinger Henry V. Heuser, Jr. Patricia A. Hinchey Pat & Vernon Hodge

Mr. & Mrs. Roy Hori Mr. & Mrs. Robert L. Horton J. Marshall Hughes Florence Hume Dr. & Mrs. Robert R. Jacobs Dr. & Mrs. Thomas James III Connie T. Jaquith Dr. & Mrs. Maurice E. John Sylvia Johnston Julie LaValle Jones Jack M. Kersey Mr. & Mrs. George M. Kirwan Jay & Karen Klempner Dr. & Mrs. Kenneth J. Kral Bernard S. & Rae Lewis Frances M. Luckett Allison J. Maggiolo Ellen K. Marshall Mr. & Mrs. James B. McArthur Beverley H. McDonald William C. Meglemry, Jr. Elise Meyer Brian & Anne Monell William R. Moore Mr. & Mrs. Porter Nash Doris Jean Nelson Roberta Nelson Dr. & Mrs. Alton Neurath, Jr. Nick & Susan Nicholson Mr. & Mrs. Theodore H. Nixon Rita D. Osborn Mr. & Mrs. Bob Owsley Paul M. Pankratz Nancy Klempner Patton Mr. & Mrs. Robert Peel George Perkins Mr. & Mrs. Frank P. Popoff Frances C. Ratterman & Todd P. Lowe Sharon A. Receveur Jessica M. Redmon Dennis Reker Mr. & Mrs. Ron Rigby Linda A. Riley Dan & Mary Rivers Phillip W. Robinson Mr. & Mrs. James J. Roth, Sr.

D. A. Sachs III Mr. & Mrs. Lalit K. Sarin Dr. Robert & Debra Schroering Mike & Jenifer Schultz Mr. & Mrs. Hubert A. Schuwey Lucille Severance Dr. & Mrs. Mutyam V. Sharma Sarah & Robert Shaw Leslie Buddeke Smart & John L. Smart Dr. Kenneth W. Smith Mr. & Mrs. Jim Sniegocki Ernie & Barbara Stroxtile Mr. & Mrs. J. Douglas Summers, Jr. Mr. & Mrs. F. William Swope Samuel G. Swope William T. & Susanne R. Tinsley J. Clifford Todd Rose Mary Rommel Toebbe Mrs. Grayson L. Tucker Scott L. Tudor & Helen T. O’Leary Sue McCulloch Vislisel Robert H. Wade II Kevin & Linda Wardell Mr. & Mrs. Martin C. Weinrich Elizabeth J. Welsh Joan T. Whittenberg Dr. & Mrs. Horace D. Wilder Mr. & Mrs. David Willmoth Frances H. Wilson Ronald & Elizabeth Wiseman Lisa Scherer Workman Mr. & Mrs. Charles V. Yeager Jeff & ZoeAnn Yussman Dr. Kenneth and Shelly Zegart Mimi Zinniel Carl J. Zoeller Anonymous Legacy Donors (42) IN MEMORIAM Dr. McHenry S. Brewer Clarice J. Mitchiner Dr. Robert Stout Rev. Grayson L. Tucker

Contact the Community Foundation at giving@cflouisville.org or 502.585.4649 to discuss your legacy planning.

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C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

Creating Your Personal Fund at the Foundation Maximize your giving through a customized fund that supports your charitable passions today, tomorrow…and forever.

Donor Advised

Designated

This fund allows donors and their families to actively participate in grantmaking.

Donors support one or more charitable organizations they have chosen to receive grants in perpetuity.

Field of Interest

This option provides support for specific issues or geographic areas that are important to the donors.

Scholarship

Charitable Checking

Fund for Louisville

Donors help students at any level of education, from ABC’s to PhD’s.

Flexible and convenient, donors receive an immediate tax deduction when making a gift to the fund, but can take their time in selecting the recipients of charitable grants.

This endowment gives the Foundation the greatest flexibility to respond to emerging issues and community needs.

Find more information on creating a fund in the Community Foundation at cflouisville.org/CreateFund.

A complete list of funds at the Foundation can be found on our website, cflouisville.org/Funds

• Closely-held securities • Real estate • Life insurance

• Retirement plan assets • Tangible personal property • Certain non-liquid assets

Find more information on creating a fund in the Community Foundation at cflouisville.org/CreateFund.

Comparing the Options OPT I O N S

C O NFID E NTIALITY

TAX DEDUCTIBILITY

A DMINIS T RAT ION

COS T S

GR A N TM A K IN G

Can be established immediately

No start up costs

No minimum annual payout requirement

(% of Adjusted Gross Income)

Community Foundation Fund

Donor protected from public/charity disclosure

Cash - 50% Publicly traded stock– 30% based on FMV1 Closely-held stock– 30% based on FMV

Private Foundation

No – may generate additional fundraising solicitations

No separate tax return or record keeping Investment advice; CFL Board makes final decisions

Cash - 30%

6-9 months

Publicly traded stock– 20% based on FMV

$5-10 million gift minimum2

Closely-held stock– 20% cost basis

Annual tax return required, including detailed financial statements

Support fees generally start at 1% of assets and decline for larger funds No excise tax on investments

Grants recommended to CFL board for approval

Varies; may include legal & accounting fees

5% minimum annual grant payout required

1-2% excise tax on investments

Grantmaking strategy is responsibility of PF board of directors Grants are made at direction of PF board of directors

Investments directed

by PF Board of Directors

Gift to Single Charity

No – may generate additional fundraising solicitations

Cash - 50% Publicly traded stock– 30% based on FMV Closely-held stock– 30% based on FMV

1

Fair Market Value

2

Can be made immediately

No costs for outright gift

No administration or tax reporting required

No separate tax return

Charity Board makes any investment decisions

Source: Council on Foundations

Grantmaking assistance for greatest impact

Must keep records of gift to the charity

May place restrictions on use of gift prior to making contribution

VISION

M I S S I O N VA L U E S

cflouisville.org

The West End School is a K-8 college prep school for at-risk boys. These words comparing boys and men are posted in a busy hallway outside the middle school classrooms.

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C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

By the Numbers T O TA L A S S E T S (IN MILLIONS)

$350 $51.5 $300 $45.0

$250 $200 $150 $100 $50 $0

INVESTMENT

Felix E. Martin, Jr. Foundation $1.1

$133.5

$182.7

$241.7

$295.8

1984

2000

2005

2010

2012

Community Foundation

Philosophy The Community Foundation of Louisville applies a long-term investment approach similar to many institutional investment portfolios. Assets are invested through a strategic allocation of stocks, bonds and cash, and portfolios are rebalanced to maintain diversity in investment style. This approach enables the Foundation to take risks similar to the market, but provides an opportunity to modestly exceed market and peer investment returns.

Comparison to Endowment Peers The Foundation’s investment returns have exceeded or matched the investment returns of its peer comparison group for nine consecutive years. Peers include endowment and foundation funds between $100 million and $1 billion*. * The Peer Group data is provided by Callan Associates Inc. Callan’s Mid-Sized Endowment/Foundation Peer Group Database includes between 45 and 60 constituents, depending on the time period.

14.0% 12.0% 10.0% 8.0% 6.0% 4.0% Community Foundation Composite (Gross) Return

2.0% 0.0%

Custodian PNC Bank

13.1 12.6

9.2 8.1

3.9 2.1

5.5 4.6

5.7 5.7

Last Year

Last 3 Years

Last 5 Years

Last 7 Years

Last 9 Years

Independent Investment Advisor Fourth Street Performance Partners

Legal Counsel Turney P. Berry, JD Wyatt Tarrant & Combs, LLP

Peer Group Median Return

Independent Auditor Mountjoy Chilton Medley

To review the annual independent audit report and the related audited consolidated financial statements, and to find a summary of investment options and performance, please visit cflouisville.org/Investments.

VISION

cflouisville.org

M I S S I O N VA L U E S

274 #1 280 34 $274 million in expected future gifts to the Foundation

Largest community foundation in Kentucky

Nearly $1 million in scholarships awarded to over 280 students each year

Over $34 million in total charitable grants last year

A Celebration of Philanthropy at the Louisville Slugger Museum, November 14, 2012.

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C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

Foundation Leadership

BOARD OF DIRECTORS

Mimi Zinniel Chair

Marshall Bradley, Jr. Vice Chair

Maria G. Hampton Secretary

Eric W. Taylor Treasurer

Louisville Olmsted Parks Conservancy

Old National Bank

Federal Reserve Bank of St. Louis—Louisville Branch

Griffin Taylor Co, LLC

M. Claire Alagia

Mark A. Campisano

William R. Mapother

Robert N. Shaw

Bittners, LLC

Family Office, Atlas Brown

Slated, Inc.

Norton Cancer Institute

Henry M. “Sonny” Altman, Jr.

Toni Clem

Daniel W. McMahan

Stephanie H. Smith

Altman Consulting

Creative Alliance

BB&T Insurance Services

Unistar Purchasing Solutions

Cara Baribeau

Jacqueline C. Gibbs

Community Volunteer

Deborah Moessner

Patricia G. “Patti” Swope

Private Client Services, LLC

Sam Swope Auto Group, LLC

Suzanne Bergmeister

F. Gerald Greenwell

Anthem Blue Cross and Blue Shield of Kentucky

University of Louisville

Frost Brown Todd LLC

William O. Price

Bonita K. Black

Julie Lavalle “Valle” Jones

Owensboro Symphony Orchestra

University Medical Center UofL Health Sciences Center

Frost Brown Todd LLC

Mayin, LLC

Robert P. Bordogna

Charles J. Kane, Jr.

Todd-Veredus Asset Management LLC

2nd Generation Capital, LLC

Pedro Bryant

Fifth Third Bank

Dorothy S. “Dot” Ridings Community Volunteer

James H. Taylor

Gary Ulmer Louisville Bats

Jefferey M. Yussman

Harriet L. Lair

Wyatt Tarrant & Combs

Metro Bank

F O U N D AT I O N S TA F F

Office of the President

Finance, Investment & Operations

Community Leadership

President & CEO

Rachel Adkins

Community Leadership Officer

Krista Ryan

HR & Operations Officer

Mark Stewart

Executive Assistant

James Hill

Director of Community Partnerships

Frances VanMeter

Controller

Meredith Zahirovic

Bo Manning

Community Leadership Associate

Susan A. Barry, JD

Office Service Coordinator

Gail Sanders

Matthew L. Bacon, CPA Vice President, Chief Financial Officer

Angie McDonald-Hackett

Melody Raidy Staff Accountant

Felix E. Martin Jr. Foundation a supporting organization

55,000 Degrees incubated within the Community Foundation of Louisville

Mary Gwen Wheeler Executive Director

Lilly Massa-McKinley

Vice President, Community Leadership

Kathy Steward Jacobi President

Collaboration Coordinator

Anne E. Monell

Alyssa Manning

Kofi Darku

Vice President, Communications & Marketing

Program Director

Mike Schultz Vice President, Development & Stewardship

Regina Rapier Beckman, JD Director of Gift Planning

Shannon Kisselbaugh Director of Stewardship

Caroline G. Meena, JD Gift Planning Officer

Operations Associate

Leadership Team

Development & Stewardship

Research and Information Coordinator

Mike Kennedy Technology Coordinator

Steven D. Milburn Director of Endowment Partners

VISION

cflouisville.org

M I S S I O N VA L U E S

Transforming Our Community The Community Foundation of Louisville includes three separate entities, each with its own Tax Identification Number as listed below: Endowment Funds

The Community Foundation of Louisville, Inc. #31-0997017

Charitable Checking Funds The Community Foundation of Louisville Depository, Inc. #31-1140889

The Community Foundation of Louisville Corporate Depository, Inc. #61-1100993 The Community Foundation of Louisville is recognized as a 501(c)(3) public charity by the Internal Revenue Service.

This status ensures that donors receive the maximum tax benefit allowed by law.

For information on grant opportunities offered through the Community Foundation, please visit cflouisville.org or call our offices at 502.585.4649.

The Community Foundation of Louisville is confirmed in compliance with national standards for U.S. community foundations.

Design: Printing: Editor:

TBD: A Branding Agency Welch Printing Company Anne E. Monell

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C O M M U N I T Y F O U N D AT I O N OF LOUISVILLE Waterfront Plaza 325 West Main Street, Suite 1110 Louisville, Kentucky 40202-4251 502.585.4649 502.587.7484 fax cflouisville.org

Having fun with philanthropy at The de Paul School.