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S E RV I N G T H E C O M M U N I T Y

TODAY, TOMORROW, ALWAYS AND


TA B L E O F C O N T E N T S

FOUNDATION LEADERSHIP

J U LY APRIL

JA N UA RY

Meeting a $1 Million Match

PG 28

Micro-Business Restart Loans

Certainty During College Experience

Funding Educator Professional Development

O C TO B E R

Board of Directors & Committees

PG 22

PG 16

PG 10

PG 4

DONORS & G I F TS

Donors, Honorariums & Memorials

N OV E M B E R

Closing the Gap Between Schools and Students

AU G U S T

Mental Health First Aid Training for Educators

M AY

Legal Considerations for Nonprofits In the Pandemic

F E B R UA RY

Community Gets Counted

PG 24 FINANCIALS

PG 18 DECEMBER

PG 12

PG 6

SEPTEMBER JUNE MARCH

Rapid Crisis Response Census 2020 community promotion

20 Years in Yorktown PG 14

PG 8

Second Harvest Food Bank tailgate food distribution

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PG 30

The Foundation Grows and Improves Skills PG 20

Planning for Tomorrow and Always PG 26

Consolidated Statements of Financial Position PG 34


SERVING OUR COMMUNITY Dear Friends, Pivot. In these uncertain times. New normal. Unprecedented. All in this together. 2020 brought a host of buzzwords as we worked to respond to the changes in the world around us. While you likely grew as tired of hearing them as we did, they helped us frame how the Foundation was able to respond to our community during the year. In this annual report, we aim to share the full story of 2020. You’ll read about our plans at the beginning of the year, our response to the community through the COVID-19 pandemic, and the Foundation’s future direction. As you join us by reading the stories in this report, you’ll enjoy a month-by-month account of 2020. We share how the Foundation could pivot from life in the office to working at home while still connecting with donors, nonprofit organizations, and community partners. We tell a story of how, even in these uncertain times, the Foundation could provide graduating seniors with scholarships to ensure their continued education. You’ll see photos of our community in a new normal, with friends and neighbors donning masks and standing six feet apart. We share a story about unprecedented community investment with the Foundation offering its first recoverable grant to support a loan program for small businesses. And we show that we are all in this together. It takes the whole community to make

a difference, from donors sharing financial resources to the nonprofit organizations providing vital services and the community members in need partnering with organizations to improve their circumstances. In 2020, while the community faced challenges, it also saw successes. The Community Foundation completed the GIFT VII match from Lilly Endowment, resulting in more community grantmaking for many years to come. Nine new funds were established to support community causes. We also said many goodbyes and hellos. On our Board of Directors, we said goodbye to Linda Gregory, who continues to serve on the Foundation’s Grants Committee, and welcomed Dave Heeter. We also celebrated the retirement of Cheryl Decker, administrative services officer, and welcomed two new staff members, Trina Bowling, finance officer, and JoAnna Darda, administrative assistant. The year wasn’t easy, but we are glad the Foundation could be a constant in the community during the tumultuous time. The Community Foundation continues to be here today, tomorrow, and always. Here’s to a brighter tomorrow,

Kelly K. Shrock, President

Carol E. Seals, Chair, Board of Directors 3


JANUARY

Successful Schools Fund Enhances Educator Professional Development Teachers and administrators at Muncie Community Schools benefit from professional development including direct training in specialized teaching methods and online training subscriptions through the Successful Schools Fund. 4

Between 2018 and 2020, The Community Foundation of Muncie and Delaware County awarded $235,126 to Muncie Community Schools through the fund. The Board of Directors of The Community Foundation established the Successful Schools Fund in May 2018 following the Indiana Legislature’s landmark decision to give Ball State University control of Muncie Community Schools. The Foundation Board would use the Successful Schools Fund to support the partnership between the university and the school system with an investment of up to $200,000 over three years for professional development opportunities for certified staff. Board members, along with other community members, made personal contributions to the Successful Schools Fund. Foundation staff worked closely with Muncie Community Schools teachers and administrators to ensure the program met their most pressing needs and would have a lasting impact on students. The Innovation and Strategic Plan for


Students engage in small group learning in a MCS classroom.

WE FOCUSED ON OUR NEW ELEMENTARY READING CURRICULUM, COMMON BENCHMARK ASSESSMENT,

Students practice telling time with their teacher in the classroom.

TEACHER EFFECTIVENESS RUBRIC, AND THE CONTINUED IMPLEMENTATION OF OUR LEARNING MANAGEMENT SYSTEM. Muncie Community Schools expressed that professional learning is essential for the school system’s advancement. They utilize professional learning opportunities that are student-centered and reflect the direction of their foundational pillars. In September, Muncie Community Schools requested the remainder of the funding for additional professional development opportunities, including training in Fountas and Pinnell, iReady, National Institute for Excellence in Teaching (NIET), and Schoology. “We focused on our new elementary reading curriculum, common benchmark assessment, teacher effectiveness rubric, and the continued implementation of our Learning

A MCS teacher uses a variety of learning tools in the classroom to engage students.

Management System,” said Chuck Reynolds, Associate Superintendent for Muncie Community Schools. “Without the generous support of The Community Foundation and the Successful Schools Fund, we would not have been able to offer these robust opportunities to support our staff and students.”

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FEBRUARY

Foundation Helps Community Get Counted

Once every ten years, the U.S. takes a count of all people living in the country. A complete and accurate count of our community was important in Census 2020. The Community Foundation was poised to help.

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In 2018, The Community Foundation of Muncie and Delaware County began to think about the upcoming decennial census – Census 2020. Indiana Philanthropy Alliance had called upon local community foundations to consider showing community leadership by connecting and convening community members for a complete count. In early 2019, the Foundation convened the firstever Muncie and Delaware County Census Council. This community-based Complete Count Committee included community leaders and nonprofit representatives interested in promoting the census. We coordinated with the Census Bureau to obtain Census gear to distribute. Social media campaigns were planned to direct people to the closest computer lab to complete their census. Community centers, schools, libraries across the county, Ball State, and even employers were ready to provide people with a place to complete their form. The Census Council was prepared to direct each of their own organization’s constituents to the right place to get counted.


Community volunteers promote Census 2020.

Volunteers of all ages spread the word about Census 2020.

As Census Day, April 1, 2020, approached, the Census Council realized the best-laid plans for in-person, large-scale counting events would be canceled by mandated closures. The Council came together to re-think the way that the Census was promoted in our community. The Census Council designed, distributed, and installed 150 yard-signs and 12 vinyl banners. Billboards were placed, targetedonline advertising was used, and flyers were safely distributed. A partnership with MITS brought Census-takers to the bus station, and ads were put in the buses. One Census Council member distributed nearly 3,000 business cards with the call-in phone number to individuals across the community. The Census Council was made up of individuals representing more than 30 organizations from across Muncie and Delaware County. Even more, organizations stepped up to provide the Census Council with a venue to spread the word through their presence or materials and signage. When the 2020 Census count concluded on October 15, Muncie and Delaware County were considered 99.9 percent enumerated with self-response rates of 60.1 percent and 66.0 percent, respectively.

= $1,600 FOR LOCAL PROGRAMS Per Year for the Next 10 Years

The Census Council partnered with MITS to promote Census 2020 to riders across the community.

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MARCH

No Hesitation in Response to Community in Crisis

When the world faced a global pandemic this year, The Community Foundation Board of Directors knew the Foundation had a role to play in helping our community survive and recover from what was to come.

In March, the Board approved $20,000 of the Foundation’s annual strategic grants budget be diverted for emergency response grants. They also gave staff the flexibility to approve grant requests of $2,000 or less between board meetings. The Foundation was ready to respond quickly to the community’s emergency needs. Immediate grant funding was provided for personal protective equipment for nonprofit staff, food or supplies for food distributions, medical supplies, nutrition supplements, and more. The Board directed that gifts made to The Unrestricted Fund of The Community Foundation from April until June would be immediately available for COVID-19 response grants. Donors and local funders contributed more than $67,000 to response efforts during this period. By the end of 2020, 47 nonprofit organizations received response grants totaling $93,000. Foundation staff increased the conversations they regularly have with nonprofit

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Ross Community Center’s market ensured neighbors had safe access to food and supplies.

The National Guard was deployed to support food distribution through Second Harvest Food Bank.

COVID RESPONSE: 2020 GRANTS AWARDED 20K 15K 10K 5K MAR

APR

MAY

JUN

JUL

AUG

SEPT

OCT

NOV

DEC

BOYS & GIRLS CLUBS OF MUNCIE IS ON THE FRONTLINES OF THIS CRISIS DOING WHATEVER IT TAKES TO MAKE SURE THAT NOW, MORE THAN EVER, WE ARE HERE FOR THE KIDS AND FAMILIES WHO NEED US THE MOST.

organizations, local school systems, and municipalities to maintain an up-to-date understanding of their needs and experiences. Information gathered from these conversations helped guide grantmaking related to the pandemic and over-all community recovery.

Muncie Mission continued to provide daily community meals, but shifted to a “to-go” model.

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APRIL

Scholarship Provides Financial Certainty During an Uncertain College Experience Korbin Zvokel’s sophomore year wrap up unlike any other. His Community Foundation Scholarship provided consistency in the changing world. 10

The Purdue University junior had just begun the second semester of the 2019-2020 school year in his newly declared major of Video Production when the pandemic unfolded. He was forced to complete his spring semester and several of his projects and assignments virtually. However, the 2018 Wes-Del Middle/High School graduate and Dr. William and Thelma V. McNabney Scholarship recipient still found the silver lining of an unexpected ending to his sophomore year. “It was really a blessing in disguise to have just changed majors before experiencing the pandemic,” Korbin shared. “I can’t imagine still trying to continue with the engineering major and being so unhappy while COVID was happening. It would have made things a lot worse.” Despite the uncertainty that the pandemic caused, Korbin had one less worry for his education. His scholarship from The Community Foundation would support him through a change in his major, virtual semesters, and campus restrictions. He knew his scholarship would be there for him when he returned to campus in the fall.


2020 SCHOLARSHIPS AWARDED

$193,665

AWARDED TO 59 STUDENTS AT 15 DIFFERENT SCHOOLS

Korbin, a video production major at Purdue University, brought awareness of COVID-19 to his peers by creating videos as a Purdue Protect Ambassador.

“The McNabney Scholarship made it possible to change my major and still be able to finish out school without having to worry about paying for tuition each semester,” Korbin said. “It has been very significant.”

I BELIEVE THAT YOUNG PEOPLE HAVE TO BUY INTO THE SERIOUSNESS OF THE PANDEMIC. IT’S IMPORTANT FOR ME TO PROTECT MY FAMILY AND FRIENDS, AND EVEN PEOPLE I DON’T KNOW. Scholarships established at The Community Foundation are flexible. The funds are not limited to tuition and fees but can be applied to a student’s greatest need of their cost of attendance. Community Foundation donors trust that their gifts will be invested and stewarded to provide the greatest impact on students or the community, even during a crisis. “The scholarship has made a huge impact on me. Money for college has been one less thing that I have had to worry about among the stressful things with the pandemic,” Korbin said.

$3,300 $20,000 Average Scholarship

Maximum Award (over four years)

“Not having to worry about how I’m going to pay for school next semester was a huge relief.” In his scholarship essay from 2018, Korbin wrote about his aspiration for doing something to make a difference, whether large or small. His passion for bettering our society and being a difference-maker motivated him to attend college. That is why it is no surprise that Korbin became a Protect Purdue Ambassador in the fall of 2020. He set out to bring awareness about COVID-19 to people his age. “As a Protect Purdue Ambassador, I encourage other students on campus to be accountable and help keep each other safe from the spread of COVID-19,” Korbin explained. “I believe that young people have to buy into the seriousness of the pandemic. It’s important for me to protect my family and friends, and even people I don’t know.” Korbin’s life will forever be changed by the impact of the McNabney Scholarship and the intuitiveness of the couple who established the fund. The Community Foundation has become an important ally for hundreds of students on their way to post-secondary education. If Korbin’s aspirations and commitment to his community, both in West Lafayette and in Muncie, are any indication of his future, we are grateful to be part of his journey. 11


MAY

Major Considerations for Nonprofits – Legal Advice in Response to the Pandemic

As spring began to turn to summer, The Community Foundation saw that our charitable partners across the community had started to get a handle on the emergent needs created by the pandemic.

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By early May, most organizations had acquired proper protective equipment. They had plans to serve clients or shift programs online. Organization leaders were ready to move from reaction to planning for action in the COVID-19 environment. To provide guidance, The Community Foundation, with financial support from the George and Frances Ball Foundation, invited nonprofit legal advisor Zac Kester, of Charitable Allies, to speak on “Major Considerations for Nonprofits in a (Post?) Covid-19 World.” The Zoombased presentation was designed to help local nonprofit organizations understand what legal options they have in recovering revenue, managing debt, and navigating operations during the pandemic. More than 30 representatives from local organizations attended. Participating organizations were eligible to access personalized legal services from Charitable Allies. Five organizations worked with legal advisors to submit business interruption insurance claims and have other legal concerns addressed; Greater Muncie, IN Habitat for Humanity, Minnetrista, Muncie Delaware County Chamber of Commerce,


Jay Julian, President and CEO of Muncie Delaware County Chamber of Commerce, has worked with Charitable Allies to file and maintain a business interruption insurance claim.

WE THOUGHT THAT WE HAD COMPREHENSIVE INSURANCE IN PLACE TO SUPPORT OUR BUSINESS AND OUR STAFF IF SOMETHING FORCED US TO SHUT DOWN. THE LOSS IS LEAVING A LONG-TERM IMPACT. WE CAN’T DO EVERYTHING WE WERE DOING BEFORE THE PANDEMIC BECAUSE OUR CLAIM WAS DENIED.

Muncie Symphony Orchestra, and YMCA of Muncie. Because there is limited legal precedence related to business interruption due to a global pandemic, the relationship between these five organizations and Charitable Allies will continue to be funded by The Community Foundation into 2021.

KEY TAKE AWAYS 1. Employee Benefits The Families First Coronavirus Response Act extended paid sick leave for COVID-19-related illness and quarantines to even the smallest businesses and nonprofit organizations. 2. Business Interruption Insurance Claims Organizations with business interruption insurance might be able to make a claim in response to stay at home orders in order to recover some loss of income. 3. Preparing for the Future Most nonprofits are required to have an Emergency Preparedness Plan per the U.S. DOL, Office of Safety and Health Administration (OSHA). This is the time to update or create that plan.

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JUNE

20 Years in 2020 for Town of Yorktown Endowment Fund In its 20th year, the Town of Yorktown Endowment Fund celebrated more than $30,000 in grantmaking to support programs and projects in the Yorktown community.

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Howard Gregory, a longtime Yorktown resident and community leader, established the Town of Yorktown Endowment Fund in 2000 to benefit his hometown. He took great pride in his community and wanted to make sure that Yorktown continued to thrive and grow long after he was gone. In 2008, marketing and promotion efforts from the Yorktown Lions Club helped relaunch this important fund. Since then, 60 caring community members have stepped forward to support this fund bringing its balance to $62,000, which results in more than $3,000 in grants to the Yorktown community each year. Since the first grant was awarded in 2009 from the Town of Yorktown Endowment Fund, 24 unique projects have been funded totaling $31,884 in grants. This year, grants were awarded to the Town of Yorktown for outdoor seating at the new civic green, and to the Yorktown Fire Department for the creation of coloring books and a program designed to teach Pleasant View and Yorktown Elementary School students about fire safety.


Yorktown Fire Department provides fire safety education across the Yorktown community.

Little League baseball, Selma

Cardinal Greenway trailhead, Gaston

Liberty Perry Selma Town Endowment Fund

Gaston Town Endowment Fund

AWARDED 1 GRANT TO SELMA ATHLETIC LEAGUE TOTALING $890

AWARDED 1 GRANT TO CARDINAL GREENWAY TOTALING $1,700

Through the town endowment program, The Community Foundation manages funds to support grantmaking in Yorktown, Gaston, and Selma. Grant applications are accepted

in the spring and reviewed by a committee of town/township residents. These funds can focus on the unique needs of the specific community they support. 15


JULY

Micro-Business Restart Loan Program After the mandated shut down due to COVID-19, many small businesses, especially minority- and women-owned businesses, faced challenges as they began to reopen. Loss of income during shutdown, along with the added cost of safety equipment made reopening feel nearly impossible. The Foundation’s first-ever recoverable grant provided funding for small business loans in the community to help them overcome this barrier. 16

Through community conversations, The Community Foundation learned that many small businesses were not only struggling due to loss of income during the shutdown, but they were challenged by the expenses that came along with reopening. The challenges were even greater for minorityand women-owned businesses. News reports released in late spring highlighted it was less common for small business owners who are minorities or women to have relationships with bankers than for white, male entrepreneurs. Without a relationship with a bank, tapping into federal relief funding, like the Paycheck Protection Program, was nearly impossible. To support the small business community in Muncie and Delaware County, the Foundation partnered with the Innovation Connector and the East Central Indiana Small Business Development Center to provide funding for the Micro-Business Restart Loan Program. Small businesses (5 or fewer employees), with a preference for minority- or women-owned businesses who had not received other major relief funding were eligible to apply for nointerest loans between $1,000 and $2,500 to be repaid by the end of 2020. Not only was this a pilot loan program for small


PARTICIPANT DATA

10 O R GA N I Z AT I O N S

8 2 6

Located in Muncie

Frank Scott II, owner of K & B Car Wash, LLC received a micro-business loan and participated in additional coaching from the Innovation Connector.

WE ARE THANKFUL TO LIVE IN A COMMUNITY THAT SEES THE NEEDS OF SMALL BUSINESS OWNERS AND PROVIDES SOLUTIONS TO HELP US. THE TIMING OF THIS LOAN PROVIDED US WITH THE NEEDED CAPITAL TO MOVE OUR BUSINESS FORWARD. THANK YOU TO ALL WHO INVESTED THEIR TIME, ENERGY AND RESOURCES TO MAKE THIS OPPORTUNITY POSSIBLE.

businesses in the community, but it was a new and risky pilot loan program for The Community Foundation. The Community Foundation used $25,000 in funds from the budget reserves to award the first recoverable grant in the Foundation’s history. “After talking with those on the ground, we recognized that there was inequity in the relief programs available to small businesses in the face of the pandemic,” said Marcy Minton,

Located in Delaware Co.

Minority Business Owners

senior program officer. Marcy worked closely with the Innovation Connector through the loan-making process. “While pulling funds from our reserves was a risk, it was an even bigger opportunity to try something new to impact a need in our community. It is a program from which we can learn and grow.” The Foundation saw the loan program as an investment in the community. While loans were issued with no interest, recipients were assessed a 2-percent administration fee on the cost of their loan. The $500 was a return on that investment. The Innovation Connector was awarded $5,000 to administer the loan program. The $500 in administration fees was also returned to the Innovation Connector to provide additional operating support needed to manage the program. In addition to financial support through the Micro-Business Restart Loan program, the Innovation Connector provided business guidance to loan recipients. “This small business loan opportunity came at the right time for small business owners,” said Ted Baker, CEO and executive director of the Innovation Connector, a full-service business incubator. “The ten recipients of this no-interest loan needed additional capital to bring their businesses back to life after the impact of the Covid-19 economic shutdown. Our community is fortunate to have a community foundation that is bold enough to engage in new activities to assist real needs in a community. The Innovation Connector is proud to partner with them.” 17


AUGUST

Assisting Educators with Mental Health First Aid Training

Schools have seen a rise in mental healthrelated challenges in their classrooms over the last several years, and the pandemic has caused these challenges to increase even more. Grantfunded training equips teachers to better support their students.

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The Community Foundation, in collaboration with Ball Brothers Foundation, awarded grants to all Delaware County Schools for the cost of Mental Health First Aid (MHFA) training and stipends for trainees. The training was presented through a partnership between Meridian Health Services and Project Leadership utilizing the Youth Mental Health First Aid Training USA curriculum. This public education program introduces participants to the unique risk factors and warning signs of mental health problems in adolescents, builds understanding of the importance of early intervention, and teaches individuals how to help adolescents in crisis. The purpose of this training is not to diagnose mental illness or to provide therapy or counseling. Instead, educators learn how to support youth developing signs and symptoms of a mental illness or emotional crisis; students in need of additional help can then be connected with school counselors and other outside services. More than 175 educators across Delaware County received


Students at St. Lawrence Catholic School will benefit from teachers trained in MHFA.

MENTAL HEALTH FIRST AID ACTION PLAN

Teachers and students work closely together. MHFA training equips teachers with additional tools to help their students.

DELAWARE COUNTY TRAINED SCHOOL OFFICIALS

Assess for risk of suicide or harm

Burris Laboratory School (7)

Listen nonjudgmentally

Cowan Community School Corporation (12)

Give reassurance and information

Daleville Community School Corporation (12)

Encourage appropriate professional help

Delaware Community School Corporation (24)

Encourage self-help and other support strategies

Indiana Academy (3)

Mental Health First Aid Training this year. The program equipped educators with tools and skills to support youth in our community during the pandemic and beyond. A key part to the success of this training program has been the Foundation’s relationship with Project Leadership who convenes the Delaware County Comprehensive Counseling Coalition. The Coalition is made up of eight local school districts and includes school counselors, social workers, administrators, and community partners. In 2018, the newly formed Coalition applied and earned a $1.39 million grant from Lilly Endowment Inc. With support from Lilly Endowment, the Coalition is

Inspire Academy (3) Liberty-Perry School Corporation (16) Muncie Community Schools (60) St. Lawrence Catholic School (2) St. Mary / Pope John Paul II Schools (2) Wes-Del Community School Corporation (12) Yorktown Community Schools (22)

developing and implementing a county-wide comprehensive counseling system for the more than 12,000 K-12 students in Delaware County. Mental Health First Aid Training has been incorporated into the Coalition’s plan for social emotional learning. 19


SEPTEMBER

The Foundation Grows and Improves Skills In 2019, the Foundation faced an evaluation of processes, procedures, staff and skills. The opportunity arose through a planning grant from Lilly Endowment Inc. to participate in an Organization 360 assessment.

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Working closely with a consultant, several organizational needs emerged to be addressed in 2020. The Foundation would transition to a new fund and donor management system. Additional staff would be added to the team. Office space would be reworked to make room for the new staff. Current staff would access training to enhance specific skill sets to take on new roles within the Foundation. When the pandemic hit, the ball was already rolling. Staff began the conversion process to a new software for fund management, accounting, and donor relationship management. The new software will be a benefit to staff and donors alike. Ensuring that data had transferred correctly has been a challenge. Foundation staff are grateful to donors and nonprofit organizations that have shown patience and grace as we work through the details. The Foundation’s first full-time finance officer, Trina Bowling, and administrative assistant, JoAnna Darda, began their new roles at the Foundation during the second half of the year as we said goodbye and congratulations to Cheryl Decker, long-time administrative services officer upon her retirement.


Foundation staff: JoAnna Darda, Carly Acree-King, Trina Bowling, Kelly Shrock, Amy Tuttle, Marcy Minton, and Kallie Sulanke

AS DONORS CONTINUE TO PUT THEIR TRUST IN THE FOUNDATION, OUR ROLE IS EXPANDING FROM GRANTMAKER TO COMMUNITY LEADER. WE ARE TAKING STEPS TO PROVIDE STRONG LEADERSHIP TO ENHANCE THE QUALITY OF LIFE IN MUNCIE AND DELAWARE COUNTY.

Office space at the Delaware Building was reworked to keep all staff located in the main office suite, and to create a large, practical workroom. The offices remained closed to

the public during 2020, but staff were able to spend most of the year working together in person (with masks on). Additionally, leading up to 2020 and during the year, staff expanded skills through professional development opportunities. Two staff members earned certifications in Results-Based Accountability, a framework for setting and working toward collective community goals. An additional staff member plans to earn her certification in 2021. Four staff members were trained in Facilitative Leadership to develop skills to engage groups of people through planning and decision making. Foundation staff participated, along with nonprofit leaders, in the CORE Fundraising Training during 2019 and began putting learned skills into action in 2020.

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OCTOBER

Completing the Match Leads to Major Grantmaking When Lilly Endowment Inc. announced the GIFT VII matching grant, a $2 to $1 match on unrestricted gifts up to $1 million, donors like Gordon and Pam Cox quickly made pledges to help The Community Foundation capture the match and increase community grantmaking. 22

The Community Foundation was able to offer a $2 to $1 match to unrestricted gifts beginning in 2018, thanks to a grant opportunity from Lilly Endowment Inc. GIFT VII would provide up to $1 million in funds to match donations and pledges from donors who chose to give unrestricted gifts. When Gordon and Pam Cox heard about the opportunity to triple their contribution, they pledged a gift to the Gordon and Pam Cox Fund, a named unrestricted fund at The Community Foundation. Their pledge over three years (2018, 2019, and 2020) was one of GIFT VII’s first donor commitments. And when the Coxes made their final pledge payment at the end of the year, they helped the Foundation secure the last of the matching dollars. Lilly Endowment launched the Giving Indiana Funds for Tomorrow (GIFT) program in 1990 to expand Indiana’s network of community foundations. Since the first GIFT program, The Community Foundation has captured matching funds to support unrestricted fundraising. These unrestricted funds support the


business for 50 years before his son took over. Gordon partnered to grow a variety of other businesses across the community, too. “When you have businesses in Delaware County, you support a lot of different things,” said Gordon. “I’ve invested in Delaware County and Muncie because it’s been good to me.”

Gordon and Pam Cox

changing needs of the community by funding grantmaking and other needed programs. GIFT matching opportunities weren’t new to the Coxes. Gordon shared that while he knew of The Community Foundation, it was in 2002, during GIFT V, that he and Pam established the Gordon and Pam Cox Fund. The timing was just right. Gordon, who was in the building on other business, happened to pass by the Foundation’s board room following a meeting. Then board member and friend of Gordon, Jack Buckles stopped him for a chat. “Jack was the first guy who mentioned anything about The Community Foundation to me,” explained Gordon. “Jack was working on the pledge drive for the Lilly match. After he explained it to me, I said that I had a few bucks in the bank and decided to take advantage of the match to start a fund.” Gordon and Pam had built a good life in the community. Pam grew up in Albany and graduated from Albany High School before attending Ball State University. Pam served as a registered nurse in Muncie for many years before retiring. Gordon was born and raised in Muncie. He graduated from Muncie Central High School before attending Ball State University and then Indiana College of Mortuary Science. Gordon went to work at Meeks Mortuary in 1966 and managed that

The Coxes investment in The Community Foundation has paid off. Since 2002, the Gordon and Pam Cox Fund has been used to award 60 grants totaling more than $300,000 to support community libraries, after school programs, mentoring, and housing improvements for seniors, among other projects and programs aimed at enhancing the quality of life in Muncie and Delaware County. Gordon shared that the Foundation’s endowment model was a key element in deciding to establish and grow their fund. In most cases, gifts to the Foundation are invested. A portion of the earnings makes annual grants. A portion goes toward Foundation operations. The remainder of the earnings are reinvested to grow the fund for greater future grantmaking. “It’s important to understand that giving to the Foundation works a little different. The fund will be around to make a difference for a long time.”

NEW FUNDS Brown Family Charitable Fund Martin Luther King Dream Team Fund Muncie Animal Shelter Roof Fund Muncie Outreach Fund Muncie Power Products Community Impact Fund

NAACP Muncie Branch Fund Dick Peck Fund Regina Bernadette Bence Peck Fund Robert and Janet Stratton Fund 23


NOVEMBER

K-12 Technology Resilience Initiative Closes Education Gap Between Schools and Students A new grants program gave local K-12 public schools access to funding to meet their connectivity, equipment, software, and people needs as they continued virtual and hybrid instruction in the 20202021 school year. 24

The K-12 Technology Resilience Initiative was a three-phase technology grant program available to Delaware County public schools serving grades K-12. The first and third phases were funded and supported by the Funders Forum Collaborative, a group of local funders who participate in shared learning and collaborative grantmaking related to community needs. The first phase provided $2,000 grants proactively to each of eight K-12 public schools as a form of initial support as they prepared to adjust and expand their technology plans to be more resilient during the pandemic. During phase two, the Board of Directors of the Foundation directed $30,000 from the Foundation’s strategic grantmaking program to support the initiative. More than $13,000 was also raised from individual donors. School districts were asked to apply in this phase for their technology needs. The Foundation encouraged them to dream big when sharing their needs and asked that schools provide a


Scholarship Committee member Rateira Dodds-Simmons spent time supporting her son, Jaiden, during virtual learning at Yorktown Elementary School.

scaled budget to accomplish their goals with a future phase of funding in mind. Requests ranged from thousands of dollars to millions. Based on these applications, grants from $5,000 to $8,000 were awarded to each school for specific technology needs. In the final phase, The Community Foundation again worked with other local community funders from the Funders Forum Collaborative and individual donors to raise $182,000. Each school was once again provided additional funding to meet their technology needs. Third-phase grants ranged from $10,000 to $37,776. The grants supported student connectivity, provided up-to-date equipment and hardware, gave software and curriculum access, and ensured teachers had the training needed to extend learning across platforms.

EDUCATION GRANTS AWARDED

$241,000 over three phases to eight K-12 public schools TOP REQUESTS 1. Connectivity 2. Equipment 3. Software 4. People Resources (Including Training) 25


DECEMBER

What Happens Today Impacts Our Community’s Tomorrow and Always Like so many organizations, The Community Foundation was forced to do things differently in 2020. We had been preparing for changes in the coming year. Responding through the COVID-19 pandemic gave us a unique view of community needs to take in our future planning process. 26

We responded swiftly, built stronger relationships, encouraged trust in grantmaking, and even explored new avenues of funding. But responding today isn’t all we need to do. The Foundation will also be here tomorrow and always. As we enter 2021, we are excited to take our experiences from the last few years to evolve our grantmaking to benefit Muncie and Delaware County today, and forever. In 2021, we will wrap up our 2016 strategic plan and embark on our next five-year plan. Our mission to continue to encourage philanthropy, assist donors in building an enduring source of charitable assets, and exercise leadership in directing resources to enhance the quality of life for residents of Muncie and Delaware County will remain unchanged. However, our approach may look a little different. In 2020 and continuing into 2021, Foundation staff and board members are part of a cohort of regional community foundations learning about impact investing.


President Kelly K. Shrock introduces the FIT Initiative, a concept to be developed in 2021.

In 2021, we will develop a program that puts more of the Foundation’s resources to work in Muncie and Delaware County. In 2021, Foundation staff will work with a consultant to develop a flexible grantmaking program. The program will compliment current grantmaking programs and further enhance relationships with nonprofit partners and offer more flexibility with funding that meets their needs and helps them better meet their mission and enhance quality of life in our community. The Foundation will also work closely with partner community organizations to curate existing programs, create new programs, and implement a referral system to provide nonprofit organizations with the resources needed to strengthen their organizations. Through this holistic approach to nonprofit health, we can provide community leadership to help nonprofits better serve those in need in our community.

OUR MISSION The Community Foundation of Muncie & Delaware County, Inc. encourages philanthropy, assists donors in building an enduring source of charitable assets, and exercises leadership in directing resources to enhance the quality of life for residents of Muncie and Delaware County.

OUR VISION To impact and empower Muncie and Delaware County by enabling philanthropy as a trusted community leader and promoting positive change now and for generations to come.

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FOUNDATION LEADERSHIP 2020 Board of Directors

TRENT DOWLING

ERMALENE FAULKNER

SARA SHADE HAMILTON

Star Financial

Beasley & Gilkison LLP

At-Large Representative

Retired, Muncie Community Schools Education

DAVID W. HEETER

MAGI KIRKPATRICK SIKORA

CAROL E. SEALS, CPA

Northwest Bank

Estep-Doctor & Company, PC

Ball Associates

At-Large Representative

Arts, Culture, Recreation

Health/Human Services

Professional

28

CASEY STANLEY

GARY THOMAS

KATHY WHITE, CPA, CGMA

Ontario Systems

Leap Managed IT

Muncie Power Products

At-Large Representative

Business

Financial Services


2020 Committees Governance Committee Trent Dowling Magi Kirkpatrick Sikora Carol Seals Gary Thomas

Investment Committee Chris Caldwell Ronald K. Fauquher Tom Heck Thomas J. Kinghorn Jeffrey R. Lang Carol E. Seals Daniel Stallings

Finance Committee Judy Benken Trent Dowling Mark A. Ervin Michael B. Galliher David W. Heeter John D. Littler Chris Miller Casey Stanley Kathy White

Competitive Grants Committee John Anderson Jr. Chris Day Ermalene Faulkner Jaime Faulkner Olivia Fellows Molly Flodder Keith Gary Linda Gregory Sara Shade Hamilton Gary Thomas Marianne Vorhees Leland Wilhoite

Strategic Grants Committee Sara Shade Hamilton Jeffrey R. Lang Carol E. Seals Kathy White

Robert P. Bell Education Grants Committee Michelle Bade Christy Bilby Bonnie Coffman Courtney Crabtree Jennifer Jessie Joan McKinley Stefanie Onieal Jeri Owens Kiki Pavlechko Waylon Shaffer Evan Ward

Gaston Town Endowment Committee Trent Dowling Dick Johnson Brendon Petro Tracy Shafer James Wormer

Land Conservation Fund Committee Jay Allardt John Craddock Sue Errington Sara Shade Hamilton Paul Russell Leslie Smith John Taylor

Liberty Perry Selma Town Endowment Committee

Scholarship Committee Derron Bishop Rateira Dodds-Simmons Keith Doudt Connie Gregory Aileen Howard Marchal Hudson Ryan Hunter Mia Johnson Fred Meyer

Chair Emeritus Stefan S. Anderson Jack E. Buckles Wilbur R. Davis Mark A. Ervin Ronald K. Fauquher Suzanne Gresham Jeffrey R. Lang John D. Littler Steven M. Smith Charles V. Sursa Marianne Vorhees

President Emeritus Roni Johnson

In Memoriam Edmund F. Ball Oliver C. Bumb David Sursa Earl R. Williams

Larry Crabtree Heath Dudley Rebekah Ireland Teresa Johnson Brandon Morvilius

Town of Yorktown Endowment Committee Lon Fox Michael Burke Patti Decker Star Manning Sarah McCord

A SPECIAL THANKS TO M. Hahn Photography for the photos in this report on pages 3, 13, 24, 25, 26 & 27.

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DONORS & GIFTS 2020 DONORS

A.E. Boyce Co. Carly Acree-King Jane Adams Robert E. and Jana S. Adams Peggy Adams Shawn Adams Gary Addison Jay and Susan Allardt Joseph and Maraby Allardt David and Teresa Alley American Electric Power Foundation Ms. Hazel Amos Stefan and Joan Anderson David and Toni Annis Anonymous Donor Edward Armantrout and Bonita Ramirez Monique Armstrong and John Makeni Lynn C. Austin Dr. Stephen and Mary Avila David and Joan Bahlmann James and Nancy Bailey Nancy Baker Ted and Gail Baker Ball Brothers Foundation Rudy and Candy Ballard Linda Barb Lindsey Bard Todd Barile Michael and Patricia Barlow J. Neal Barnum Carrie Barrett Brenda Bartlett Gary and Kathy Bartlett Steve and Amy Bassett Chase Batt Daniel and Carolyn Beard Karen and David Beard Kenneth Beard Mary Ann Beard John and Jane Beekman David and Mary Benbow Judy Benken Daniel and Janet Benson Andy and Jamie Bergan Kevin and Teresa Bergan Edward Besser Vicki Bicket Ken and Patti Biller Derron and Charity Bishop Dennis and Tanya Blair Michael Blake

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Sandra Bottoms-Seals Jane Botts Cara and Zac Bow Forrest and Mary Bowers Chris Bowles Trina Bowling Jo and Scot Boyce Judy Bracken William and Margee Bracken Ann Briggs Ken and Peggy Briner Rob and Mary Brodhead Sally Brodhead Libby Brown Mike and Lisa Brown Ms. Donna Browne Patricia Brunette Juanita A. Bruns Buck Creek Church Jack Buckles Jon and Karen Burkhardt Susan Burns Michael and Kimberly Burrell John and Donna Burton Robert and Lydia Burton Ruby Cain Chris and Bettie Caldwell James and Maryann Campbell Care Animal Hospital John and Nancy Carlson Ann Carney Jama and David Carter Richard and Elizabeth Carter Kristen Castelloni Peggy and Christopher Cenova Christian Student Foundation Christopher B. Burke Engineering, LLC Patricia Clark Mary Foster and Tom Clark Richard and Raquel Clasby Susan Cline Michael and Susan Cloyd Phil and Carolyn Cooley Eric Cornett and Amy Tuttle Mr. and Mrs. Gordon D. Cox Sharon Cox and Family Larry and Connie Crabtree Ryan and Amber Crabtree John and Pamela Craddock James and Janice Craig Laura Crampton Allie and Juanita Craycraft Marlin B. and Mary Ann Creasy Linn and Susan Crull Carolyn Cullison Ted Cunliffe Charles and Mariam Curtiss Mary Curts Loyal and Floramae Cutforth Gerard Cyranowski

Daleville Athletic Boosters Dick and Jenifer Daniel JoAnna Darda David and LuAnn Bennett Wil and Cindy Davis Chris Day Jim and Cheryl Decker Defur Voran Mike and Lucinda Delaney Delaware County Farm Festival, Inc. Delaware County Historical Society Jason and Melissa Delk Jack and Patty Demaree Lesley Devine Cherilynn Dollison Cornelius and Mary Dollison Keith and Edie Doudt Richard and Melinda Douglass Anthony Dowell Larry and Gloria Durham Myron and Carla Earhart Edge Mentoring Small Group Rick Edmundson Jennifer Edwards Bill and Barb Eidson John and Anne Eliades Charles Anthony Elliot Sr. Damon Elmore Sue Errington Mark and Molly Ervin Estep Burkey Simmons, LLC Lance and Mary Jo Estep Ed and Ermalene Faulkner Eddie and Anissa Faulkner Andy Fauquher Jennifer Fauquher Ronald and Cheryl Fauquher Jeff and Susan Felton Nancy Fike James and Ellen Finan First Muncie Corporation Fisher Family Fund Donna Fisher Jud and Carey Fisher FlatLand Resources, LLC Mark and Molly Flodder Larry and Donna Fouch Donald and Marilyn Friddle Michael and Sue Ellen Friddle Bill and Vicki Gaddis Jean Gadziola David and Nancy Galliher Mike and Cathy Galliher R. Paul and Vickie Garrison Keith and Debbi Gary George & Frances Ball Foundation Richard Geupel Robert and Lynn Gibson Tisha Gierhart Roger and Linda Gilcrest Donna Gilkison Barbara Gillian Pat Gillis


Richard and Nikole Gillis Richard and Renee Gillis Marlene Girton Paul and Mary Glore Shelly Glore Stuart and Sue Godfrey Marilyn K. Goldman Chella Gonsalves Barbara Gooden Jim Gooden Ajanta Goswami Douglas and Judith Grasso Wayne and Linda Gray Greater Muncie, IN Habitat for Humanity, Inc. Keith Greenwalt Terrie L. Greenwalt Connie Gregory Della D. Gregory Linda Gregory Suzanne Gresham Michael and Carolyn Grieves WaTasha Barnes Griffin Ron and Mary Groves Frederick and Mary Haas Halteman Villas Association, Inc. Hamer D. and Phyllis C. Shafer Foundation Frederick M. Hamilton Sara Shade Hamilton and Brandon Hamilton Jacqueline Hanoman Dr. Linda K. Hanson Mark and Cathy Hardwick Bill Harris Richard Harris Jeannine and Gayle Harrold Ashley Hastings and Barbara Wheatley Ken and Milli Hatch Brian Haughn Hawk Farms INC Brandee Heeter Dave and Deb Heeter Larry and Sandy Helms Steven and Kristen Herbst Timothy and Lisa Herd Charlie Hetrick Bill and Jackie Hill Richard and Carrie Hill Hilllcroft Services Inc. Diane and Chuck Hoffman Jeffrey Hoffman Janet Smith Holmes Home Savers of Delaware County Honor Stride Hood Life Agency Sue Hoogenboom R. David and Suzanne Hoover Lindsey Horan Dan and Mary House Aileen Howard Gloria Huffman Gregory Huffman William and Roseanne Hughes Virginia Hunter Scott Huntsman J. Thomas and Erin Hurley Maria Iacullo-Bird Indiana Michigan Power Innovation Connector Inc.

Mitch and Rebecca Isaacs Wanda Isenbarger Brian Ison Howard and Sharon Jackson William and Jan Jackson James and Joan McKinley Susan Johnson Roni Johnson Michael and Jackie Johnston Jones Locksmiths Holly Jones Jonathan Jones Mr. Paul Judy KAKATU Foundation Stanley Keil John and Marcia Kelly Betty Kendall Martha Kendrick Pat Kennedy Tiffany Kerrigan Mr. Robert Kersey Martha E. Kersey Jeff and Ruth Kiger Darrell and Sheila King Jack and Mary Ann King Jim and Shirley King Thomas and Nancee Kinghorn Kirby Avenue Church of God Tom and Anita Kishel Kirby and Kristi Koriath Dr. John Koumoulides Dennis and Carolee Kramer Ronald and Carol Kratky Steven M. Krug Lee Ann Kwiatkowski Robert La France Emily Lamb Bruce and Eleanor Lamm David Land Jeffrey and Beth Lang Patty Lang and Howard Hammer Jan Largent Doris Lawhead Philip and Ella Mae Lawson Susan Leffler Lilly Endowment Inc. Dale and Teresa Lindley John and Kathy Littler Kathleen Locke Rachel Lovett Mary B. Lunsford Mike and Nicci Lunsford Greg Lusch Meryl Mantione Maplewood Animal Hospital Amy Marsh John and Jenni Marsh Dick and Liz Marshall John and Lynn Marshall Jay and Mary Ann Matchett Mike and Connie Mauck Jason May John and Cynthia McCabe Mike and Elizabeth McClinchie Allen McCormick Bill and Jan McCune Jane McDowell Joann McKinney Geoffrey and Jennifer Mearns Meeks Mortuary

Connie Denney Meier Todd Merickel Bea Mertens Melinda Messineo Malcolm and Ann Metzler Dr. Fred A. Meyer Jr. Michael and Tina Meyer Mid-West Metals Products Hank and Terri Milius Nancy H. Millard Betty Miller Estate Keith and Elaine Miller Kevin and Sherri Miller William Miller and Annemarie Voss Jason and Marcy Minton James E. Mitchell Missy Modesitt John and Nancy Moll Marta Moody Bruce and Sandra Moore Norman and Pamela Morford Bailey Morgan Daryl and Linda Morrical Tom and Kathryn Morrison Motivate Our Minds, Inc. Doug and Sheri Mowbray Sarah Muhlenkamp Jack Mulkey City of Muncie Muncie Altrusa Foundation Muncie Central High School Alumni Assn. Muncie Endurathon Board of Directors Muncie Power Products Steve and Lisa Murphy Ryan and Jennifer Murray Todd and Jane Murray Murray’s Jewelers MutualBank Charitable Foundation, Inc. Rick and Eva Muzzy Ed Mysogland Paul Neubauer and Elizabeth Riddle Normandy Flower Shop Northwest Bank Akilah Nosakhere John and Margo Oesterle Michele Ogle Old National Bank Oren and Mary Ann Olinger Natalie Skarbeck O’Hara William Oneal Kathie Onieal Betty Orebaugh Don and Claire Park Paul and Stacia Partezana Ruth and Wayne Payne Richard and Regina Peck Jack and Thelma Peckinpaugh Sue Peden Jerry and Jan Peirson Patricia Pelizzari Kent Persinger Sandra Peterson Bill Peterson Adelaide Petrucco Frank and Angela Petty Luke and Dianne Philippsen Tamara S. Phillips Ana Pichardo Karen Pickering John W. Pingry

31


DONORS & GIFTS Prime Trust Federal Credit Union Psi Iota Xi - Alpha Chapter Judi Putt Jim Pyle Charles and Jackie Rector David and Rebecca Readle Ervin and Carlee Reed Steve and Amy Reed Gabriel and Susanne Reising Stephen and Debra Rhodes Richard’s Kitchen and Bath Center Dan and Sherry Ridenour Nancy Riegle Sherry Riggin Robert Cooper Estate Steve Robert R. Donn and Freida Roberts Harold and Rita Roberts Roche Diagnostics Mary Rose L. David and Anne Marie Ross Rotary Club of Muncie Jerry and Nanette Rushton S.A. Boyce Corporation Tania Said Dr. Charles and Sarah Sanders Jr. Linda Santoro Marilyn Scales Patricia Schaefer Judith Schell Eric and Alexis Scherrer Neil and Jane Schmottlach Kay Schnuck Carol E. Seals Shafer Leadership Academy Terry and Michelle Shaffer Kerry and Donna Shaw Randall Shepard Shawn Sherfy Sherman and Marjorie Zeigler Foundation David and Juanita Sheward Harry Shrieve Kelly and Joel Shrock Kent Shuff and Steve Fennimore Siewert Farms Inc. Sigma Phi Epsilon Alumni Corporation Jeffrey and Margaret Sikora George and Mary Sissel Marvin Sites Julie Skinner E. Scott and Tara Smalstig Greg and Sandie Smith Jeffery Smith John Smith Kevin and Jennifer Smith Dr. Nancy Smith

32

Les Smith and Marla Boatwright Leslie Smith Steven and Barbara Smith Tom and Pam Smith Van and Margaret Smith Robert and Marilyn Smitson Mary Ann Snider Randy and Cindy Sollars Larry and Jeanine Souders Genet Soule Will and Isabelle Sowers Timothy and Carol Spangler William and Sandra Spatta Cindy Spears Rich and Sheila Spisak Sharon Spoerner The Stachler Family Daniel and Lynne Stallings Casey and Jennifer Stanley Family Kelly and Donna Stanley Don and Ramona Stetson Daniel and Cathy Stewart James and Gail Stewart Bob and Janet Stratton Thomas and Sue Stults Kallie and Alex Sulanke Charlie and Claudia Sursa Raymond Taylor Jessica Tebben Robert Terhune Allan and Carolyn Thomas Charles and Jane Thomas Gary and Amy Thomas Larry and Jo Ann Thomas Wayne and Carolyn Thomas Dennis and Melinda Thompson Don and Sharon Stamper Thompson Chad and Brandyn Towell Harold and Sandra Towell Steve and Lisa Tuttle Rob and Julie Tyler United Way of Delaware, Henry and Randolph Counties James Updike and Munjot Sahu Warner and Judy Van Fleet Timothy and Shelley Vasalakis Greg Vaught Victoria Veach Russ Vernon and Anita Martin Jim Vincent Susan Volbrecht Marianne and Skip Vorhees Annemarie Voss Melissa Voss Rex and Rhonda Waldo Steven and Marilyn Waldo Chris Walker Terry and Cheryl Walker Mr. Daniel K. Wantz Amy Ward

Carol Watkins Bob and Kelly Weaver Webster Gladstone Foundation, Inc. Thomas Weidner and Lauren Bishop-Weidner Larry Wesley Art and Sue Wessel Westminster Village Residents Association Don and Sue Whitaker Doug and Kathy White Susan Whitehair Eunice and Ron Whitlock Leland and Mary Wilhoite Heather Williams Larry and Elizabeth Williams Rock and Judi Williams Pam and Jim Wingate Suzanne Wingate Betty Wingrove Bruce and Kathleen Wolf Ann Wolfe John and Sandra Worthen Marianne Wright John D. Wulff Yorktown Swim Club Delynn Young Leonard and Pat Zeabart Rick and Jeanne Zeigler

Honors

Genevieve and Roni Allen Tiffany Arnold Chuck and Ellie Ball Bob and Joanne Baur Eileen Bengert Jean R. Blake Susan Bourne Martha Calloway The Community Foundation Staff Wil and Cindy Davis The wonderful DCHS volunteers whose stories brought the history of our community to us this year Tony and Carol Elliott Mike Farrell Ermalene Faulkner Susan Faulkner Fred Feick Dylan Fickle James Finan John and Debbie Foster Bill and Vicki Gaddis David and Nancy Galliher Nancy Galliher Donna Gilkison Erma L. Green Linda S. Gregory Suzanne Gresham WaTasha Barnes Griffin Alex and Megan Haltom Bronwyn Haltom Crick Haltom Jeannine Harrold


Local Healthcare Providers Patrick and Susan Helfrich Susan Helfrich Rev. Dr. Daren Hofmann Chris and Kathy Hottinger Jeff and Anne Hunter Steve and Kim Hunter Mitch Issacs Betty Kendall Jeff and Ruth Kiger Doris Lawhead Kerry and Lori Ledbetter Jacob and Elizabeth Ludwick Michael Lunsford Nicole Lunsford Steve and Audrey Lunsford Tim and Rachel Lunsford Michael and Ellen Maggiotto David and Linda McGalliard Malcolm and Ann Metzler Thomas Midanek J. Kenneth and Beverly Miller James Mitchell Jon Moll & Nancy Barefoot Katherine Onieal Stefanie Onieal Colleagues and Friends at the David Owsley Museum of Art Don and Dana Randall Thomas A. Sargent Patricia Schaefer Shafer Leadership Academy Van and Margaret Smith Van P. Smith John Smith Willie Spry Kelly and Donna Stanley Andrew Stratton Scholarship Funds for High School Students Bill Summers Steve and Lisa Tuttle Mark and Lyn Varner The Whitely Pantry/Larry Dollison Jim R. Williams Patty Williams Tim Williams Colby Wingate

Memorials Millie Abram John A. Abrams Tiny Adams Brenda Applegate Terry Gene Austin Al Baker Martha Barb Joel Barrett Christy Bilby John Blackburn Jacqueline Bodine Patrick Botts Margaret Bow Colma Bowlin Stephen and Beatrice Brademas Alyx Brinkman

Patricia and Franklyn Brinkman Michael T. Brodhead William Bruns Kyle Buczek Richard and Dorothy Burkhardt Mary Calkins Patricia Callard Nancy Carver Robert Chico Mrs. Barbara Clark Adam Cline Richard H. Cole Michael L. Cox Paul Cox Mary Dannar Maureen Daugherty Molly Day Tom Devine Patsy Donn Judy Elam Sue Elliot Melanie L. Ferguson Patricia Mitchell Fields WH (Dub) Fike George and Martha Fisher Matthew Fisher George Floyd Dr. Ray T. Foster Mrs. Rita Foster Charles H. Freeman William Garrett Rex Goen DeWayne R. Goldman Muggs Gooden Linda Goodman Zach Greenwalt Julian Gresham Ned Griner Clarence W. Gullion John Haack A. Harriett Harkrader Harriette Harra George Harris Sue Ann Harris Everett Butch Hayden Dennis R. Hensley Charlotte Hetrick Gregory C. Hill Mike Hirons Jon Hunter Nina Huxhold Jack Isenbarger Wanda Quinn Isenbarger Charles R. Dick Jaggers Lucy Jarvis Mike Jester Dr. Lathrop P. Johnson Dorothy S. Johnson Donald R. Johnson Sally Johnson Ann Roberts Keener Rodney Keesling Kathleen Kiefer Keil Patricia Ducy Kelly James and Violet King Anastasios and Sophia Koumoulides Jane Kramer Thomas Lamb Susan Land Betty Larimore

Betty Lightle Alma Lippitt John B. Lotz JB Macon Morry E. Mannies Thomas McCarthy Sudha Mehta David Middleton Gary Lee Miller Pat Mills Ronald and Dorothy Moon Diana Lee Morris J. Barbara Murray Jean Nation Ellen Payne Osborn David Palm John K. Parker Marge Parks Jane Peterson Jill Pickart Bill and Kate Pingry Bill Putt Betsy Pyle Charles A. Ray Oscar, Mae, and Rose Rector Bob Rehse Dr. John Reno Bob Reynard Mary U. Rhorer Rodney J. Richard Steve Robert Al Robinson Donald Rodeffer Elizabeth Ann Roos Zenobia Roundtree-Faulkner Marianna Rubush Tom Schnuck Cathy Schrecongost Howard Schroeder Uno Shrock Al and Julie Simmons Julie Skinner William Skinner Dixie Smith Jeanne Smith Kay Snider Betty Sollars Barbara Sparenberg Carolyn Starnes Patricia Strahan Wanda M. Strauch David and Mary Jane Sursa Family of Raymond Taylor Carol Trimmer Elaine Tudor Charles Van Camp Rex Waldo II Rollin E. Ward Jim Warrner Georgie White Charles Whitehair Ben Grady Williams Angie Wilson Gary Wooten Tommie Jo Wright DeVon Yoho Spencer Tony Zachary

33


FINANCIALS CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31, 2020 and 2019

ASSETS

2020

2019

$3,167,697

$2,695,334

1,525

2,668

-

94,883

Cash surrender value of life insurance

620,107

607,417

Property, building and equipment, net

51,958

28,442

72,071,992

63,367,852

$75,913,279

$66,796,596

2020

2019

$423,771

$263,520

8,039

-

-

189,966

3,999

4,207

6,850,349

6,106,900

745,412

646,281

8,031,570

7,210,874

2020

2019

204,865

213,788

67,676,844

59,371,934

67,881,709

59,585,722

$75,913,279

$66,796,596

Cash and cash equivalents Prepaid expenses Pledges receivable

Investments

LIABILITIES Grants payable Administrative expenses payable Deferred revenue Annuity obligations payable Funds held for the benefit of others Investments managed for others Total liabilities

NET ASSETS Without donor restrictions With donor restrictions

*The Community Foundation of Muncie & Delaware County, Inc., uses Fund Evaluation Group, LLC (FEG) as its investment consultant. FEG provides a complete range of traditional institutional consulting services including investment policy development, portfolio design, asset allocation, manager search and selection, investment manager monitoring, plan monitoring and education for board members and staff. **represents the total grant distribution from all funds of the Foundation

The Community Foundation of Muncie and Delaware County, Inc. and Related Entity The audited financial statements are available on our website at CFMDIN.ORG 34


SCHEDULE OF ASSET AND STYLE ALLOCATION* Private Equity 6.9% US Small Cap 4.9% Emerging Markets 4.4% Private Real Assets 4.2% US Mid Cap 2.9%

Master Limited Partnerships 0.0%

US Large Cap 31.6%

Fixed Income 14.5% International Equity 11.3% Diversifying Strategies 10.1% Hedge Funds 9.2%

Unrestricted Funds

CONSOLIDATED STATEMENTS OF ACTIVITIES 2020 OPERATING SUPPORT AND REVENUE Contributions Contributions and grants - BY5 Investment return (loss), net Administrative fee revenue Total operating support and revenue

Without Donor Restrictions

With Donor Restrictions

2019 TOTAL

TOTAL

$2,854,934 6,512 9,216,558 617,782 12,698,413

$2,165,664 6,512 9,081,643 583,881

3,180,354 138,040 827,235 102,079 131,373 23,345

3,180,354 138,040 827,235 102,079 131,373 23,345

2,580,523 174,651 854,490 124,299 129,722 20,372

4,402,426

4,402,426

3,884,057

$6,512 2,627 617,782

$2,854,934 9,080,452

626,921

12,071,492

1,003,558

(1,003,558)

2,763,024

(2,763,024)

11,837,700

NET ASSETS RELEASED FROM RESTRICTIONS Satisfaction of purpose restrictions Net assets released from restriction pursuant to spending policy

OPERATING EXPENSES Program services Program services - BY5 Management and general expenses Management and general expenses - BY5 Fundraising expenses Fundraising expenses - BY5 Total operating expenses

CHANGE IN NET ASSETS Net assets at beginning of year Net assets at end of year

(8,923)

8,304,910

8,295,987

7,953,643

213,788

59,371,934

59,585,722

51,632,079

$204,865

$67,676,844

$67,881,709

$59,585,722

35


P.O. Box 807 | Muncie, Indiana 47308 765.747.7181 | cfmdin.org | commfound@cfmdin.org

36

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Serving the Community: 2020 Annual Report - The Community Foundation of Muncie & Delaware County  

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