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BOARD OF TRUSTEES 2018 - 2019
Laura Talley, Chair Karl Murch, Vice Chair Laurie Klinkhammer, Secretary Lois Krause, Treasurer Suzanne Ashley Kim Bodeau Linda Danielson Philip Happe M.D. Chris Hasenberg Tom Larson Leland Mayer M.D. Sherry Mohr Tim Pabich Wayne Peters Dale Wood Mark Faanes, Past Chair
2018 NEW FUNDS (Jan. - June) Cody and Molly Filipczak Family Fund Fuerstenberg Family Fund Paul and Jill Kulig Family Fund Quinn Family Designated Pass-Through Fund
MESSAGE FROM LAURA TALLEY, Chair of the Board of Trustees ECCF maintains a broadly diversified investment portfolio with Orgel Wealth Management and has recently expanded its options to include a Socially Responsible (SRI) Long Term portfolio with Morgan Stanley. Morgan Stanley provides values alignment with a positive environmentally and socially focused portfolio. This is done through thematic investing that focuses on areas like climate change, health and wellbeing, inclusion, and safety and security. This Portfolio is designed to meet the needs of fund holders who desire socially responsible investing options. Both firms work closely with the Investment Committee and staff to deliver a comprehensive investment management program to support meeting stewardship goals of the endowment, and both conduct regular investment policy management assessments and performance reporting. If you would like more information on the SRI, please contact suebornick@eccfwi.org. Many donors have been asking about different tax strategies when making decisions in their charitable giving. The good news is that the lower tax rates give donors disposable income. More information on this topic can be found in “A Strategy and an Opportunity.” Since its creation, ECCF has awarded over $12 million in grants, including more than $5.5 million in support of the Confluence Project. In its most recent grant cycle, ECCF received 57 grant applications and was able to fully or partially fund 44 of those, with a total distribution of $181,931. Six new funds have been opened in 2018, adding to the over $20 million held by ECCF. Thank you to all the families and organizations who have created funds this year and since ECCF’s inception. The endowed funds will sustain and grow ECCF’s granting capabilities for years to come. I encourage each of you to make a difference today by leaving a bequest or planned gift for tomorrow. A gift is an ideal way to provide future support for our community. Because of our community’s generous support, ECCF will continue to do its work— For Good. For Ever. With gratitude,
Talha Aslam Memorial Scholarship Talley Family Fund
Laura Talley, Chair Eau Claire Community Foundation
2018 LEGACY SOCIETY MEMBERS Don* and Jan Etnier Cody and Molly Filipczak
SNAPSHOT: Jan. 1 - May 31, 2018
Ann Gunderson Thornburg
TOTAL CONTRIBUTIONS: $836,874
NEW FUNDS: 6
Kathy Kovell
TOTAL ASSETS: $21,300,957
TOTAL AWARDED GRANTS:
NEW LEGACY SOCIETY MEMBERS: 6
$1,723,089 | 186 Grants
* Denotes deceased
306 S. Barstow St. Suite 104, Eau Claire, WI 54701
715.552.3801
www.eccommunityfoundation.org