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2012 ANNUAL REPORT

Community Leadership: The Journey Continues


The Journey Continues Contents

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A Journey Toward Compassion

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Grantmaking in 2012

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A Journey Toward Success

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A Journey Toward Regional Excellence

A Journey Toward Proactive Investing

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A Journey Home

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A Journey Toward Better Learning

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Making a Meaningful Donation

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An Inspired Journey Lives On

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A Journey Beyond Life

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Leadership from the Start

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A Journey Toward Bold Ideas

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A Journey Toward Excellence

Through Partnership

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Officers, Trustees, Staff,

Volunteers, Professional Advisors

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Financial Statements

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Our Legacy Society

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Foundation At A Glance

In 2012, The Community Foundation marked the 60th anniversary of embarking on its journey toward making Herkimer and Oneida counties an ever-better place to live. For six decades, The Foundation has grown as the force that connects the philanthropic interests of our citizens with the vital needs of our region. While that work continues, 2012 also saw The Foundation journey forward in its role of advancing leadership on broader community solutions. Beyond donor vehicle and program funder, our commitment today includes collaborating with and uniting people, resources and institutions that have stakes in our region — and fostering leadership that generates excellence, innovation and entrepreneurship to improve it. Information about The Foundation’s leadership impact in such specific areas as literacy and community indicators is detailed on our website www.foundationhoc.org. There, you will also find complete and regularly updated lists of our grants, donors and funds. In the pages of this report, we provide a glimpse of The Foundation’s work in 2012, ways it is making a difference, and some of those who are making it possible. Sixty years ago, our original incorporators envisioned an organization that could become “… a powerful, positive resource in the welfare and health of the community.” They led the way then. Your Community Foundation is leading the way today.

Larry Bull, Board Chair

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Peggy O’Shea, President & CEO


A Journey Toward Compassion

Students in Herkimer County schools learn to put kindness and compassion first, creating a culture of teamwork, student empowerment and positive reinforcement. Sixteen-year-old Kali Fennimore was the new kid again. FrankfortSchuyler High School would be Kali’s third new school. She had already prepared herself to face the old feelings and experiences of being the new kid. Isolation. Loneliness. Sadness. continued . . .

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A Journey Toward Compassion Kali walked into the FrankfortSchuyler High School office in October. Tino Laterza, a sophomore, greeted her with a wide smile. Tino’s friendliness surprised Kali. He showed Kali all the ins and outs of the high school. Tino introduced his friends to Kali. They showed the same warmth and friendliness. For the first time as a new kid, Kali didn’t have to eat lunch alone. Kali wasn’t alone, and she wasn’t lonely. “I was very surprised,” Kali remembered. “That never happened at my other school.” Student empowerment Admittedly, it may not have happened at Frankfort if the school hadn’t recently made efforts to bring Rachel’s Challenge to its school.

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Continued . . .

The national program, funded in Herkimer County schools, in part by The Community Foundation of Herkimer & Oneida Counties, Inc., is a series of student empowering programs and strategies that equip students and adults to combat bullying and allay feelings of isolation and despair by creating a culture of kindness and compassion. The programs are based on the writings and life of 17-yearold Rachel Scott who was the first student killed during the Columbine High School shootings in 1999. The Community Foundation invested $10,000 into Herkimer County schools to bring Rachel’s Challenge to 12 Herkimer BOCES school districts. Twentythree Rachel’s Challenge presentations took place in the schools, including 12 student assembly presentations, five Friends of Rachel student training

sessions and six evening parent and community events. More than 4,500 students attended these emotional, thoughtprovoking presentations where Rachel’s message of kindness and compassion was delivered. “Before Rachel’s Challenge, honestly, it wouldn’t have been the first thing in my mind,” said Tino about welcoming the new kid to his school.


Visit www.foundationhoc.org to view a video and photo gallery showing how The Community Foundation’s grantmaking has impacted Herkimer County schools and our community.

Chain reaction of kindness Putting kindness, compassion and acceptance at the forefront of students’ minds through Friends of Rachel Club at Frankfort middle and high schools has truly made a difference. The club started with a school-wide multimedia

presentation where students learned how to create a chain reaction of kindness. It continued with select students going through intense small group workshops. Those workshops involved a facilitator who made students face each other, their hurts and pains, but most of all their likenesses.

“We learned that we all have the same pain and the same hurt and problems,” said Taryn Rackmyer, who attended the workshop. “It’s about giving people chances now, and instead of seeing someone and having a judgment, stop and get to know them.”

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Grantmaking in 2012 In 2012, The Community Foundation made 402 grants investing more than $2 million dollars in local nonprofit organizations. For a detailed list of grants made in 2012, please visit foundationhoc.org. General Grants for Building Community These grants for building a better community emanate from funds that allow their income to be used to meet the most urgent community needs. Whether through enhancing education or protecting our environment, The Community Foundation made significant impact on thousands of residents that will be felt for years to come. Grant dollars impacted in every corner of the community from Old Forge to Little Falls to Rome to Waterville with significant contributions going toward areas of education, health and quality of life. Total Unrestricted Grants: $1,318,973.41

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Agency Agency grants are generated through funds established by nonprofit organizations to provide long-term support of their charitable missions. Total Agency Grants: $99,272.31 Designated Designated grants come from funds earmarked by the donor to support a specific nonprofit organization. Total Designated Grants: $98,246.69 Donor-Advised Donor-advised grants are funds that allow donors to participate in the grantmaking process by recommending which charities will benefit. Donor advisors made grants in areas ranging from increasing literacy to improving civic organizations. Total Donor-Advised Grants: $702,552.48


Field-Of-Interest Field-of-interest grants originate from funds created to support broad causes of particular interest to the donor or specific geographic areas. Total Field-Of-Interest Grants: $42,395.00

Here’s what unrestricted grantmaking looked like in 2012:

Scholarship Scholarships are made possible by funds designed to support educational achievement, with the donor often determining the criteria for the award. Total Scholarships: $109,076.86 Total All Grants Made In 2012: $2,370,516.75

Economic development:

2012 Initiative Investments In 2012, The Community Foundation continued to transition from a transactional grantmaker to transformational investor. We focused on four areas — economic development, education, health, and arts and culture. We pursued these projects with partners and other community organizations. Community Indicators updates and upgrades:

$29,000

Literacy Coalition program and staff support:

$39,564

STEM Partnership:

$10,000

$10,000

Enhancing education:

$456,256

Ensuring public health:

$259,609

Improving quality of life:

$213,479

Investing in the arts: Nurturing youths and families: Protecting our environment:

$22,995 $185,726 $50,000

Strengthening human services: $73,565 Supporting older adults:

$47,343

Call (315) 735-8212 for information on receiving a grant. 7


A Journey Toward Success

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Young Scholars, a college readiness program, is the path to academic success for students who may face a bumpy road.


Jonathan’s mom was 16 when she had her first child. College was never an option. His father grew up in Bolivia under the most depressed economic conditions. College was never an option. “I want to be the first to go to college,” Jonathan said. “I want to go farther than my parents did and make them proud.” Thanks to the Young Scholars program it looks like Jonathan — a Proctor High School sophomore — is on his way. He plans to study science, and his dreams of becoming a dentist become more and more attainable with every A he brings home thanks to the help of tutors through the Young Scholars program. A’s alone, however, couldn’t get Jonathan to college, he says emphatically.

“My parents don’t have the background knowledge of what it takes to prepare for college, because they didn’t experience it,” Jonathan said. “Without Young Scholars, I would have been like a fish in the ocean, and I wouldn’t know where to go.” Young Scholars has been leading middle and high school students on a path toward high school graduation and college preparation since 1993. Through tutoring, mentoring, college visits and filling in where parents can’t, the program has sent 97 percent of its students to college since 2005.

This financial support has been increasingly important in recent years as funding from the Utica City School District and other sources has decreased, and in some cases, been eliminated. “The Foundation’s commitment to the Young Scholars program — both financially and as advocates — has, without a doubt, allowed us to continue functioning all these years,” said Director Flossie Mitchell. “Recent support has and will allow us to continue offering this important program to students at risk of dropping out of school.”

Since its inception, The Community Foundation has invested nearly $800,000 into the program. Grants made to Young Scholars in 2012 totaled $63,000.

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Literacy Coalition

A Journey Toward Regional Excellence

While The Community Foundation was busy recognizing 60 years of community-changing contributions and grantmaking, there was a lot more happening behind the scenes. By hiring a Vice President for Programs and Community Initiatives, a newly created position, The Foundation was ready to continue significant leadership work. That started with The Literacy Coalition, a direct result of research The Foundation commissioned the Center for Governmental Research to gauge areas of need in our community.

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Research showed that Herkimer and Oneida counties were in great need of literacy-related services. “Because of our vested interest in moving our community forward, we made a commitment to funding a full-time executive director and two-county plan — with funding from M & T Bank/Partners Trust Bank Charitable Fund — for The Literacy Coalition of Herkimer & Oneida Counties,” said President & CEO Peggy O’Shea. “That plan is now being implemented and we are on our way toward a smarter, healthier, richer community.”


Community Indicators

A Journey Toward Proactive Investing

In 2010, The Community Foundation asked: How can we better meet the needs of our community and make the biggest impact in the highest-need areas? The Leadership Alliance for a Vital Community — a partnership of The Foundation, United Way of the Valley and Greater Utica Area and Mohawk Valley EDGE — was born and commissioned the Center for Governmental Research, Inc. to compile information and statistics about our two counties.

Fast forward to 2012, and The Foundation began using that research to make significant moves forward. We’ve become conveners, collaborators and partners in action. We’re changing the scope of what we do best in grantmaking and meeting the needs of our nonprofits by proactively investing in the areas where our community is most in need — economic development, education, health, arts and culture.

Visit www.hocindicators.org for important and updated statistics about our communities. 11


A Journey Home

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Artists’ new home unites visiting sculptors and the community they now can call home.


For decades, Sculpture Space has been a destination for working artists from all over the world. For many of the artists, the opportunity to work in a large space, uninterrupted with other artists, has proven career changing. But challenges existed. Without living spaces readily available, artist residents had to be hosted by Sculpture Space friends around the city — sometimes several miles from the studio. Sculpture Space’s vision of connecting the neighborhood with the artists was being thwarted by the housing disconnect. A $40,000 grant from The Community Foundation to purchase a house around the corner from the studio has changed that.

Artists now have a comfortable, nearby setting — renovated with the help of another Foundation grant of $13,860 — in the neighborhood where they work. Because of the close proximity to the studio, artists can work longer hours and essentially whenever they are moved to create. Camaraderie also has formed among the artists allowing for more creative and inspired work. “Now, there is more community among the artists,” said Monika Burczyk, executive director of Sculpture Space. “Artists feel a part of the community as now they live here too instead of just work here — this becomes their home.”

The home and community feeling will continue to develop the culture around an arts movement much like what has happened in cities such as Portland, Ore. A more active and engaged arts community grows population, attracting cultural diversity and young artists. “We see ourselves as a laboratory for creativity and are extending that into the community,” Burczyk said. “I suspect that with Pratt and the Munson-Williams-Proctor Arts Institute, plus Varick Street and now our artists, these cultural entities are foundational and are a beacon for other creative types to return to this neighborhood, to this city.”

Visit www.foundationhoc.org to view a photo gallery showing how The Community Foundation’s grantmaking has impacted Sculpture Space and our community. 13


A Journey Toward Better Learning

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A new school bus gives local children a smoother ride toward the early education they need and deserve.


Five-year-old Aaron Howard almost shivered with excitement while rattling off his morning routine. “I play on the bus,” he said wideeyed. “No, I don’t play on the bus. I ride on the bus.” “I put my seat belt on,” he continued, jumping up and down. Once at the Thea Bowman House where Aaron attends pre-kindergarten classes, his day keeps getting better. “I play,” he exclaimed. “I learn. I know about my ABCs and my numbers.”

If it wasn’t for the 35-passenger school bus that picks up Aaron each morning, he and his peers may not have the chance to attend the universal prekindergarten classes offered by the Thea Bowman House, which serve economically-challenged and working families. In fact, the school bus, recently funded by The Community Foundation, has reduced costs, allows more learning time and has increased regular attendance as well as the number of students served. “We are now able to provide safe transportation for many that would never have it. And for many children if they didn’t have the transportation, they wouldn’t go to school,” said Site Director Sandy Wright.

Before receiving the $55,000 grant from The Foundation, the House used a small van that took several trips to pick up all students. The frequent trips cut into students’ learning time, and in some cases, students without transportation to school had to be turned away. Children without reliable transportation often will regularly miss school because of the family’s challenges with transportation. “We realize how imperative early childhood education is, and we need to make every effort to make sure we are giving each child in our community an equal opportunity at success,” Wright said. “Providing reliable and safe transportation — thanks to The Community Foundation — allows us one more way of evening the educational playing field for our children.”

Visit www.foundationhoc.org to view a video and photo gallery showing how The Community Foundation’s grantmaking has impacted the Thea Bowman House and our community. 15


The Community Foundation was honored by the generosity of more than 1,050 donors in 2012. Their charitable gifts become community investments to transform our two counties. Donors enjoyed the personal satisfaction of giving to others and knowing their dollars were wisely invested. Confidence and impact — that is why people give through The Foundation. And we offer so much more…

• Simplicity and flexibility We accept an array of gifts in any form you choose to give. You may give cash, stock, property, life insurance policies, retirement funds or business interests. You may make planned gifts through an estate plan as a bequest or through a trust in creative ways. Gifts are accepted by mail, by phone or online and may be made as tributes to others. All are gratefully acknowledged in writing. • Expertise We are community experts with knowledge of local charities and the issues that identify and define our area. Our advice is always professional, confidential and free.

Making a Meaningful Donation 16

• Maximum Tax Benefits Your donation receives the highest tax deductibility. We are happy to collaborate with your financial advisors to explore personal tax strategies. • Fiscal Confidence Donations help us build an endowment nurtured by expert management, investment and governance. Our accounting meets rigorous standards of accuracy and transparency. • Leadership We promote partnerships with all sectors of the community — individuals, nonprofits, businesses, schools, government and other foundations — to inspire collaborations and systemic change. • Convenience We handle all the paperwork, reporting and bookkeeping for our grants, funds and gifts. • Permanence Your charitable intent is carried out forever.


Creating a Fund — 5 Easy Steps What do you want most for your community? Creating a fund allows you to be connected to your giving and remembered as a community advocate. Our administrative fee is very small, so your gift is more effective. Best of all, the process is simple.

1. 2. 3. 4. 5.

Set your goals. Talk with family, trusted friends and financial advisors about what you hope to accomplish. Find your passion. Contact our staff. We are your resource and charitable partner. Select your gift. Decide what to give, when and how. Create a fund. Choose the fund name and purpose, and we will develop a simple agreement for its stewardship. Make it official. Donate and sign the agreement. We provide continuous reporting and oversight. You have become a community investor!

Crafting the Right Fund To create a fund that suits your needs, we offer several options. The fund may bear your name, memorialize or honor someone, or it may be anonymous. It is your choice. Unrestricted Fund — You place no restriction on the fund’s use and allow us to award grants for worthy programs and services as they emerge over time. Designated Fund — You select one or more charities to receive grants from the fund and we take care of the rest. A nonprofit may even set up a fund for itself to develop a flow of income — we call this designated fund an Agency Fund.

In 2012 the ELSA — Ever Lasting Support of Animals Fund was created to benefit the Stevens-Swan Humane Society and Spring Farm CARES, supporting critters large and small.

Field-of-Interest Fund — You select a favorite cause, interest or geographic area to support and we will find grant recipients to match.

An award will soon be given to a young person interested in the natural or earth sciences, the environment or green technology through the new Grove & Asta Murray Herkimer Scholarship Fund.

Donor-Advised Fund — With our support, you recommend grants to a variety of charities, suggesting when and how much shall be granted to each. We work as community partners. Scholarship Fund — You create an award, select the criteria and choose the school. We make sure all guidelines are followed. New funds must meet a funding minimum of $10,000. Acorn funds may be created with $5,000 and a pledge for the balance within three years. For more information about your giving options, contact Elayne Johnson by calling (315) 735-8212 or visit us at www. foundationhoc.org.

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An Inspired Journey Lives On

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Ed Bradley’s life was filled with obstacles, but he raced the road of life with a determination and resilience that touched the lives around him. Now, through a fund set up in his name, his spirit will live on forever.


Ed Bradley’s laugh still echoes around the dining room table of his parents’ home where he used to trade jokes and conversation with family and friends. Gregarious, personable and unafraid, he naturally became on a first-name basis with those who were only Mr. or Mrs. to most others. To those who knew Ed, he was a musician, a radio talk show host, a friend, a co-worker, a colleague, a racer, a trendsetter. Some called him a fighter. Born with hydrocephalus, a congenital condition that caused the fluid in his brain to expand, Ed was unable to walk without crutches. That didn’t keep him from moving, however.

Racing through life In fact, he raced through life — literally. He completed 13 Boilermaker Road Races, and was signed up to race in 2012. He was considered influential in bringing the wheelchair race to the annual event. He completed a 26-mile marathon — twice, marched in the New Hartford High School marching band and received a standing ovation when he walked across the stage at his graduation from Niagara University. “I remember us watching a movie about a handicapped person who faced discrimination, and I asked ‘You don’t have to answer, but do you feel that way?’” Ed’s mother Mary Lyons remembered asking an 11-year-old Ed one night before bed. By this time his bedroom was filled with musical instruments he learned to play.

“He saw other people who were disabled, and he never accepted that for himself,” said his father. In fact, he spent his life encouraging others via his online profiles, radio show, performances with local bands and as a favorite in the Boilermaker. Ed passed away in 2012, at 49, but his name will live on forever thanks to a fund created in his memory. The donor-advised fund will carry on Ed’s legacy by funding school music programs and disability-related initiatives. “One of the things I think we all hope for — and Ed especially hoped for — is that, in some way, we will leave a mark when we are gone, and I think Ed did that,” Mary Lyons said. “I think he left a mark.”

He looked up at her after climbing into bed and without hesitation said: “You can ask, but I don’t feel that way.’”

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A Journey Beyond Life

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Molly Root’s gift to secure The Root Farm’s future lives on in her daughter’s passion


Mary (Molly) Bidwell Root’s spirit of philanthropy is everywhere at Mud Creek Farm. It’s in the creak of the barn doors. In the clunk of hooves on the hay-coated barn floor. It’s in the soft neigh of Trudy, a one-time race horse, donated to the farm for use in their equine-assisted therapy program. It’s here among the vast lush green hills of Vernon where Molly Root’s gifts first took root, and she committed her time and money to her daughter Alice Root’s passion for horses and equine-assisted therapy. Molly watched that passion grow and was an influential board member as the program expanded in 2004 to its Verona facility — Root Farm. It’s here, now, that more children and adults challenged by severe physical and emotional difficulties transcend their handicaps through therapy with horses, mules and donkeys. Molly saw that expansion come to fruition.

“She saw that growth as an extension of our own family,” said her daughter Alice from her kitchen table at Mud Creek Farm, while her three dogs cozied around her. “It was my dream coming to fruition and, for her to be able to see that dream come true, it meant so much to her.” A dream fulfilled forever As important as seeing that dream in her lifetime was the sustainability of that dream in her legacy. “She knew she was dying and wanted a safety vehicle for this program she had helped me with so much in the beginning,” Alice said. “It gave her a sense of security that, even though she wasn’t going to be here, The Community Foundation would provide the vehicle to ensure the program and her daughter would be OK. And she knew how much this program meant to me.” Through the Root Family Fund, Molly’s presence and vision still live in the present and will into the future.

She is there in the face of the child whose smile is biggest during a lesson with a therapy horse whose care is sustained through the fund she started. She is there in the joy of a boy who has never walked and moves out freely on the back of his horse. She is there in the hands of a therapist guiding a first-time rider through the barn that now is maintained through the funds she left in her legacy. “It was in my mother’s nature to give, and I never heard her turn down anyone ever,” Alice said. “She’s still saying yes and she’s still giving even if she’s not physically here. She does it in spirit through The Community Foundation fund she started.”

Visit www.foundationhoc.org to view a list of generous community members like Alice Root who donated to The Community Foundation in 2012.

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Leadership from the Start

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The caliber of the individuals involved, the respect they commanded and their vision for a better community gave The Foundation a leadership role from the very beginning.”

— Don Carbone Director, Carbone Auto Group

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“I remember being impressed with how such a group of leaders came together to accomplish such a task — and never dreamed I would be part of this driving force.

“It’s my vision that in the future, no matter what the organization or activity, those involved will seek The Community Foundation’s endorsement of their strategic plans.

“The concerns of our region today are greater than ever. Our economic, political, social and learning environments need to be greatly improved — or overhauled. With The Community Foundation’s significant resources, wise use of donors’ funds, talented staff and board made up of accomplished, diverse and determined men and women — who are as respected as our founders — we are in a unique position to steer this change.

“We can be an economically viable, politically stable, socially responsible region that ensures human needs are met. Our young adults of the future can have as much opportunity here as anywhere in the world.

Don Carbone Community Foundation Trustee 2004-2013 Secretary/Treasurer – 2012-2013 Committees: Community Leadership and Strategic Initiatives Development* Executive Finance* Nominating* Opportunities for Partnerships, Consolidations and Mergers

*Chaired

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A Journey Toward Bold Ideas One of the biggest highlights of 2012 for The Community Foundation and for the community was welcoming Geoffrey Canada as the second speaker in The Foundation’s Corporate Partner-sponsored Speaker Series. His thought-provoking and inspiring message clearly stirred the minds and hearts of the more than 1,400 people who attended the mid-afternoon event Oct. 17 at Mohawk Valley Community College.

Canada’s program serves thousands of children in a 100-block area of Harlem. His efforts to end generational poverty through an umbrella of social and educational services have received national attention and become a model for a federal program. Canada is on TIME’s top 100 list of the world’s most influential people in 2011. That foundation of success, paired with his commanding presence, stirred a packed fieldhouse to frequent bursts of applause and standing ovations, most notably following his encouragement to think outside the box and to put children first every time.

“People are scared to think bold thoughts and do bold things,” he said. “But what seems radical when there is no change, is really modest.” Change your expectations, he commanded. “When you change expectations, you change what they believe is possible,” he said. Call for accountability for educators and substantial reform, he said. “We have schools that don’t work and haven’t in a long time,” he said. “Schools can be designed so kids can be successful.”

Visit www.foundationhoc.org to view a photo gallery of the 2012 Speaker Series event. 24


A Journey Toward Excellence Through Partnership

Our Corporate Partners are prominent business leaders in the community who have joined us in our journey to address community issues, promote and expand philanthropy, and develop nonprofit excellence. In 2012, our Corporate Partners were key in helping us make significant impact on core community issues, such as literacy and economic revitalization. Their partnership allowed us to bring a community-changing conversation from Geoffrey Canada to the area through our Speaker Series. They also helped to fund capacity-building trainings for area nonprofits and an annual event that showed the far-reaching influence of this community’s philanthropic efforts.

Partnership is leadership at its best.

The uticaOD.com

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Officers

Staff

Larry Bull Chair Keith Fenstemacher Chair-Elect Don Carbone Secretary-Treasurer Peggy O’Shea President & CEO

Peggy O’Shea President & CEO Cassaundra Baber Marketing & Communications Officer Wendy Caliguire Data Manager Lindsey Costello Executive Administrative Assistant Joan Dewar Building & Office Manager (Retired 2012) Barbara Henderson VP for Programs & Community Initiatives Elayne H. Johnson Director of Fund Administration Gilles G. Lauzon Director of Finance Marie Piayai Program Officer Denise Salvatore Controller Jan M. Squadrito Senior Program Officer

Trustees Mary Lyons Bradley Richard Callahan Linda Cohen Ronald Cuccaro Rudy D’Amico* Burt Danovitz, Ph.D. Lori Kaplan Felice* L. Michael Fitzgerald Joseph Hobika, Sr., Esq.* Harrison Hummel, III* Georgiana Roberts Ide David M. Jones Linda Macartney* Susan Matt Albert Mazloom* Mary F. Morse Ann Marie Murray, Ph.D. Judith V. Sweet Richard Tantillo Rev. Dr. Robert Umidi Eve Van de Wal Bonnie Woods Richard Zick* *Retired in May 2012

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Volunteers The Community Foundation thanks community members who served on and advised our committees. Peter Anderson Laura Casamento Michael Cominsky Barbara Davidson Elizabeth Dugan Bill Dustin Jeremiah Edwards David Esterly Ken Ford Larry Gilroy Steve Gorczynski Scott Grates

J.K. Hage Paul Hagstrom Dietra Harvey Gordon M. Hayes, Jr. Camille Kahler Miriam Kazanjian Doneilous King Katie Ksiadz Connie Leist Brandon Long Lisa Magnarelli Ann Maher

David Manzelmann Greg McLean Howard Mettelman Flossie Mitchell Julia Morrissey Mark Morrissey Allen Naples Mary Paul Scott Perra Anthony Rabasca Tim Reed Matthew Reilly

Karen Sammon Martha Smiles Sheila Servadio Rick Short Barry Sinnott Eric Smith Mickey Smith Sadieann Spear Kyle Strife Anthony Tomaselli Jeremy Ukena

Professional Advisors The Community Foundation thanks those professional advisors who made impactful, lasting partnerships with The Foundation in 2012. Laurie B. Borner Philanthropic Management Service Administrator, Bank of America (Late) William Calli, Sr. Esq. Calli Calli & Cully Law Offices Richard Compson, Esq. and Paul Pimpinella, Esq. Compson Eannace & Pierro, PLLC Jeffrey W. Gornick, CFP M. Griffith Investment Services Joseph T. La Ferlita, Esq. Farrell Fritz, PC L. Michael Fitzgerald, CPA Fitzgerald, DePietro & Wojnas CPAs Theresa M. Flemma CFP M. Griffith Investment Services Inc. Blake J. Ford, CLTC Ford, English Financial Group, LLC Gregory A. Hamlin, Esq. Kernan and Kernan, PC James Robert Harris Morgan Stanley Smith Barney John Hilton, CPA Barone, Howard & Co, PCAs William Manikas, Esq. Law Office of William Manikas Richard G. Parker, Esq. Parker & Haggas Frank J. Patyi, Esq. Bond, Schoeneck & King, LLP Nixon Peabody LLP William P. Schmitt, Esq. Gorman, Waszkiewicz, Gorman and Schmitt Honorine M. Wallack CFP M. Griffith Investment Services, Inc. Jay G. Williams, III, Esq. Felt Evans, LLP Mark Wolber, Esq. Law Office of Mark Wolber David Zumpano, Esq. Estate Planning Law Center

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Financial Statements Statements of Financial Position (audited) Dec. 31, 2011 and 2010

2012

2011

Assets Cash $1,029,191 $619,847 Investments 99,872,667 90,004,204 Interest and Dividends Receivable 11,099 11,307 Loans Receivable 3,038 20,575 Charitable Remainder Trust 126,679 111,813 Property, Net 107,890 41,698 Other Current Assets 188,844 168,774 Total Assets $101,339,408 $90,978,218 Liabilities Grants Payable $1,316,905 $1,408,228 Accounts Payable and Accrued Expenses 308,470 73,653 Other Liabilities 142,956 7,552 Agency Funds 4,765,280 4,212,777 Total Liabilities 6,533,611 5,702,210 Net Assets Total Liabilities and Net Assets

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94,805,797 $101,339,408

85,276,008 $90,978,218


STATEMENTS OF ACTIVITIES (audited) For the Years Ended Dec. 31, 2011 and 2010 2011 Revenue, Gains, and Support Gifts and Bequests $1,517,225 Investment Income (Net) 13,594 Other Income 0 Total Revenue, Gains, and Support $1,530,819 Expenses Program Services Grants Approved 3,282,421 Program Sponsored Initiatives 99,127 Supporting Services Management and General 963,214 Total Expenses 4,344,762 -2,813,943 Increase (Decrease) in Net Assets Net Assets, Beginning of Year 88,089,951 Net Assets, End of Year $85,276,008

2010

$1,271,294 11,695,971 105,424 $13,072,689

2,999,818 46,373 985,075 4,031,266 9,041,423 79,048,528 $88,089,951

Statements audited by D’Arcangelo & Co. LLP. A copy of the last financial report and information returns (form 990, 990T when applicable, and CHAR 500) can be obtained by contacting The Foundation office or by written request to the Office of the Attorney General, Department of Law, Charities Bureau, 120 Broadway, New York, NY 10271

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Our Legacy Society Since 1952, estate gifts have provided the springboard for growing our community’s endowment, rapidly expanding its capacity to make community investments. In 2012, planned gifts from seven caring donors provided an additional $646,546 in assets. This vital support allows us to fund our core initiatives through which we lead, engage and transform our two counties.

The Community Foundation’s Legacy Society honors those who have chosen to shape their legacies through planned gifts from their estate, often in consultation with their financial advisors. These gifts do not replace donations made during one’s lifetime, but are a final act of philanthropy that can create a fund or add to an existing one. The Legacy Society conveys a gratifying dimension of permanence and affirmation that the donor is ensuring the future of their community. We thank these members for their foresight and vision. Peter J. Adasek, MD Richard E. Alexander, Jr. Ray Allen Linda Allen John J. Bach Jr. Beatrice H. Begent Ruth L. Begent Dr. William L. Boyle, Jr. Debi R. Brown James F. Brown Marlene B. Brown Corky Bull Lauren Bull Paul Butnoris Sarah Cohen Patricia P. Couper Sara Cunningham Earl Cunningham Alan C. Davenport Rosalind Diamond Colleen E. Dowd Robert J. Goodrow Wanda H. Goodrow David T. Griffith

‘‘

Janet Griffith U.S. Rep. Richard L. Hanna Georgiana Roberts Ide Charles H. Ide Camille T. Kahler, Esq. Bob Keller Carol Keller Alan Leist Connie Leist Alan Leist III Nina Leist Earl J. Lewis John J. Livingston, Esq. Merritt S. Locke, Esq. William F. Locke Linda D. Macartney Kristen Mather Theodore C. Max, MD Florence K. Millar Peggy O’Shea Timothy Brian O’Shea, Esq. Gertrude M. Owens Charles E. Pannaci Earle C. Reed

Marie A. Russo Donald A. Sansone Abraham L. Shaheen, MD* Ruth L. Shaheen* Sheila Smith Robert S. Smith, MD Sadieann Zogby Spear Jane S. Spellman Carol W. Steele William R. Stevens, Esq. Judith Sweet Steve Sweet Elizabeth Tantillo Richard Tantillo Anita Vitullo John von Bergen Heidi Jost von Bergen Rose B. White Richard L. Williams Jean P. Williams Marsha L. Wineburgh Anonymous (4)

*in memorium

Our family greatly benefited from this community’s educational and cultural institutions preserved by past generations. We want to assure that future generations have the same opportunities that were available to us and our daughters. The Legacy Society provides the way for us to help local high school students pursue their educational dreams in engineering and journalism, our own career passions, and to assure that books, art and music will continue to enrich the lives of area families. We strongly believe that a well educated population is the driving force of an economically vibrant community.” — Ray and Linda Allen Besides being Legacy Society members and active supporters of The Foundation, the Allens are involved in several community projects, including Rotary’s International Youth Exchange, Imagination Library and other literacy projects in Herkimer and Oneida counties. Linda is especially dedicated to Rotary, the Women’s Fund and the MunsonWilliams-Proctor Arts Institute.

30


At A Glance Stewards charitable dollars contributed by philanthropically minded residents of the two counties. Invests those dollars wisely. Grants funds conscientiously to nonprofit organizations across the region. Promotes community conversations, partnerships and collaborations.

• Founded in 1952. • One of more than 700 independent community foundations nationwide. • Manages more than 300 separate funds, with total assets of $101 million. • 8.7 percent annualized return on investment over the past 10 years. • Confirmed in compliance with the National Standards for U.S. Community Foundations. Types of funds Unrestricted, field-of-interest, designated, scholarship, donor-advised, agency. • Gifts create personal and family legacies. • Donors enjoy maximum allowable tax benefits. Knowledge of community needs and opportunities • 402 grants made in 2012, totaling more than $2.3 million. • Causes supported include: Arts and culture, community investment, economic development, education, environment, health, human services (family, older adults, youth), recreation, animals.

Special thanks to Anthony Rabasca of Anthony’s Eye for volunteering to photograph some of the stories in this report. 31


1222 State Street Utica, NY 13502-4728

(315) 735-8212 | Fax (315) 735-9363 www.foundationhoc.org E-mail: info@foundationhoc.org

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Community Foundation 2012 Annual Report  

Community Foundation 2012 Annual Report  

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