BOARD OF TRUSTIEES 2016-2017
Mark Faanes (Chair) Laura Talley (Vice Chair) Laurie Klinkhammer (Secretary) Lois Krause (Treasurer) Jane Lokken (Past Chair) Suzanne Ashley Kim Bodeau Linda Danielson Charlie Grossklaus Jeff Halloin Philip Happe, M.D. Chris Hasenberg Tom Larson Leland Mayer, M.D. Karl Murch Tim Pabich Wayne Peters
SNAPSHOT
January 1 - September 30, 2016 Total Contributions: $2,567,793 Confluence contributions $1,317,040 All other contributions $1,250,753 Total Number of Donations: 1,590 Most Frequent Gift Size: $250 Smallest Gift Size: $1.00
Years
MESSAGE FROM MARK FAANES, Chair of the Board of Trustees Every day, we witness the results of your generosity. Thanks to your support, ECCF can help fund an array of programs and assets for local nonprofits. We see firsthand the far-reaching, life-changing, and transformative impact of grants as they make a difference in our area communities. And what a difference it’s been! Since January 1, 2016, ECCF has disbursed over $1 million in grants to 230 nonprofit organizations. Thanks to donors like you, the Chippewa Valley Theatre Guild will have sturdy new stage curtains at the Grand Theatre; the Family Resource Center for Eau Claire County will have a new literacy-based toy lending library for local families; Girls on the Run of the Chippewa Valley will have a new curriculum for the girls it serves; and the Chippewa Valley Free Clinic will provide free dental care to low-income area residents. These examples represent just a handful of the forty-three grants awarded in ECCF’s 2016 grant cycle. At the same time, we continue to collaborate with our peers in supporting community projects with donations that flow through ECCF. For example, the Confluence Building Fund held at ECCF supports the construction of the new Confluence Arts Center. This public-private partnership was created to address the facility and programming needs of community arts organizations and UW-Eau Claire; to promote regional long term economic viability; and to stimulate redevelopment in downtown Eau Claire. The Confluence Fundraising Taskforce is currently seeking donations to meet the $1.5 million matching grant, which ends December 31. You can help this great cause by becoming a sponsor; there are several levels of sponsorships still available. Please contact ECCF if you’re interested.
Total Assets: $19.3 million
As 2016 moves towards a close and you consider your year-end tax alternatives, please consider a gift to ECCF of appreciated securities or other property. If you are 70 ½ years or older and have not used your IRA disbursement, this is a great time to consider using your IRA to make a charitable gift for a tax saving opportunity.
Total Awarded Grants $973,780 to 230 Organizations: Confluence grants$717,607 All Others $256,173
We can assist you and your financial and tax advisors with the process. To ensure a seamless transfer of your gift, please call us with your gifting instructions by Thursday, December 15, 2016, to guarantee timely processing and ensure that the funds will be properly transferred for IRS purposes.
New Legacy Members: 1 New Funds: 11
Thank you all for your continued generous support of ECCF. I wish you a warm, happy, and joyous holiday season. With gratitude,
DONATE ONLINE!
Mark Faanes, Chair Eau Claire Community Foundation
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PROVISION PERMITS Tax-free Charitable Transfers from IRAs
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There’s good news for donors: The PATH Act allows taxpayers ages 70 ½ and up to bypass income tax by rolling over as much as $100,000 annually from their IRAs directly to charities. “It’s a win-win for people who would rather give to charity than pay taxes and for the nonprofit organizations they choose to support,” said Sue Bornick, ECCF Executive Director.
OUR MISSION We strengthen our community by offering donors opportunities to establish charitable legacies, by making grants, and by serving as a catalyst to address community needs.
The ECCF can help donors execute the transfers and choose from several charitable fund options for their gifts. However, Donor Advised Funds don’t qualify for tax-free IRA transfers. “This really is a powerful opportunity,” said Bornick. “For anyone interested in establishing a permanent legacy in this community, this is a chance of a lifetime to make the gift of a lifetime.” Please write to info@eccommunityfoundation.org or call the office at (715) 552-3801 if you’d like more information about this opportunity.