Annual Report 2015

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TABLE OF CONTENTS

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06

08

11

2015 highlights

year in review

partners in giving

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24

34

37

grants and nonprofits

new funds

financial and investment summaries

board, staff and committees

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When we come together, we can make a difference.

This year, we have been truly inspired by many people and organizations coming together to make a difference in our community.

The nonprofit sector is working hard to create and sustain programs that deal with some of our community’s greatest public opportunities and challenges. Philanthropy helps nonprofits fulfill their unique role. It enables nonprofits to develop innovative solutions to make our community a wonderful place to live.

We are proud to bring together private philanthropy with innovative nonprofits.

The Greater Cedar Rapids Community Foundation is grateful to you for your continued generosity. We are proud to serve you, to share our community knowledge, and to connect you to the causes you care about to make a lasting difference in your community.

CHRIS SKOGMAN Board Chair 4

LES GARNER President & CEO

Photo taken at Indian Creek Nature Center

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WE’RE DOING GOOD...TOGETHER

140 MILLION

$

TOTAL ASSETS

803 $ 95 MILLION TOTAL FUNDS

TOTAL GRANTS AWARDED SINCE BECOMING A PUBLIC FOUNDATION IN 1992

6

GENEROUS DONORS

FUNDS FOR THE COMMUNITY GRANTS REQUESTED

3 TOTAL GIFTS RECEIVED IN 2015

2,092

61

NEW FUNDS

CONTRIBUTIONS

FUNDED

1.7

STRONG NONPROFITS

TOTAL GRANTS AWARDED IN 2015

393 107,700 NONPROFIT ORGANIZATIONS

TOTAL AMOUNT OF SCHOLARSHIPS THROUGH 107 AWARDS

UNFUNDED REQUESTS

1.3

OPPORTUNITY TO DO MORE

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MICROLOAN PROGRAM The Community Foundation was involved in convening several organizations and private donors to assist in the launch of a new microloan program. The program was launched in September 2015 and provides loans to assist Cedar Rapids residents with business expenses related to start-up or expansions.

Collaboration and

Celebration DISASTER RESILIENCY PARTNERSHIP On September 9 – 11, 2015, the Community Foundation hosted a convening for participants of a national learning group designed to support foundations to serve their communities before and after a disaster. The group included representatives from 17 participating community foundations from across the United States.

WILLIAM QUARTON HERITAGE SOCIETY LUNCHEON Nearly 130 members of the William Quarton Heritage Society gathered for the 11th annual luncheon on June 15, 2015 to celebrate philanthropy and the commitment of members to the future of our community.

DONORSCHOOSE.ORG PROFESSIONAL ADVISOR LUNCH & LEARNS A Lunch & Learn program was launched by the Community Foundation for local professional advisors to provide information on charitable giving strategies to help serve their clients.

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The Community Foundation piloted the use of DonorsChoose.org to distribute funds from its Fund for Educational Excellence.

A 1:1 match was offered for donations to public school teacher projects in Linn County. The program awarded $25,000 in matching grants, funding 62 projects at 23 schools.

KIDS ON COURSE SUMMER UNIVERSITY PILOT The Community Foundation participated in a summer pilot program in collaboration with the Zach Johnson Foundation, funded by donors Brent and Dawn Cobb, Loren and Patti Coppock and the Community Investment Fund to expand the successful Kids on Course University to Nixon and Hiawatha Elementary Schools. The program served 52 students who made significant gains in reading and writing over the summer months.

NONPROFIT KNOW-HOW BOOT CAMPS Three Nonprofit Know-How Boot Camps were offered in 2015 for nonprofit professionals and board members. The learning opportunities were hosted by the Community Foundation’s Nonprofit Network.

READING INTO SUCCESS Reading into Success, the local initiative for the national Campaign for Grade Level Reading, was launched in March 2015. It is a collaborative effort to improve grade level reading in our community by 2020.

CELEBRATION OF COMMUNITY The third annual Celebration of Community event was held on November 17, 2015 at Theatre Cedar Rapids. The event highlighted several nonprofit projects occurring in our community due to philanthropy. Nonprofit Excellence Awards were presented to Kathy L. Hall, Kirkwood Community College and Dave O’Clair, Four Oaks.

REGIONAL VISION PLANNING The Community Foundation agreed to be a partner and provide support for the Iowa Creative Corridor Regional Vision Rising planning. The goal of the process is to build a regional consensus-based strategy to guide the future of the Creative Corridor.

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SORENSEN SaraSARA Sorensen Sara Sorensen is passionate about cooking.Years ago, she wanted to make a gift to the Kirkwood Community College Culinary Arts Program and decided to do so through a Designated Fund at the Community Foundation. Since then, she has given many gifts to a variety of nonprofits.

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Visit our website to learn more about Sara’s story.

PARTNERS IN GIVING

140 MILLION $

TOTAL ASSETS

13.1 MILLION $

2015 GIFTS RECEIVED

Scholarship Funds $238,170 1.8%

Scholarship Funds $3,407,666 2.4% Operating Funds $2,114,905 1.5%

Planned Gift Funds $4,000,792

2.9%

Donor-Advised Funds $22,486,924

16.1% Field of Interest Funds $2,048,075 1.5%

Community Endowment Funds $26,753,079

30.6%

TOTAL ASSETS

Operating Funds $10,000 .1%

Field of Interest Funds $119,065 .9%

17.3% 19.9%

Designated Funds $42,786,478

Donor-Advised Funds $4,977,863

38%

Designated Funds $2,610,989

2015 GIFTS 35% 25.3%

19.1% 25.9% Agency Funds $36,305,327

14%

Agency Funds $3,311,271

Community Endowment Funds $1,831,623

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Fourth Generation Leads Family Business and Philanthropy Ron Olson announced that he was retiring at the end of 2015, after almost 43 years of overseeing Paulson Electric. The company would be left in the hands of his son Tyler, his daughter Mindy and her husband Ethan. The story of a fourth-generation family business is remarkable enough, but Ron and Sue both say it happened organically. “We encouraged them to pursue their own interests and experience other communities,” Sue insists. “We almost didn’t believe it when they came back, and wanted to be involved with the company.”

Now, Tyler, Mindy and Ethan have all had years of experience in the construction business, and Ron describes the transition as “seamless.” “They’ve taken the reins and run with it,” says Ron. “We’re looking forward to the next 20 years of their leadership.”

Ron and Sue are confident in the next generation’s ability to lead the company into the future, but there’s another aspect of the business that they’re entrusting to their children – Paulson Electric’s corporate philanthropy.

Paulson Electric has both an Endowed Fund and a Corporate Donor-Advised Fund at the Greater Cedar Rapids Community Foundation. They opened their funds in 2007 because they believe that corporate philanthropy is an important part of the mission of their company. “I think it’s very important for businesses to give back to the community,” says Ron. But it’s not just their business that has given back. Throughout their lives, the Olsons have been involved in community service at every level, be it serving in leadership roles, volunteering with numerous organizations, or even serving on the school board.

“My sense,” says Sue, “is that philanthropy starts in the home. We were both involved in the community as volunteers. The business philanthropy was an extension of our own philanthropy and volunteerism.”

And it’s that history of personal philanthropy, volunteerism and community service that makes Ron and Sue confident that their children will be well-suited to carry on Paulson Electric’s legacy in that regard. When pressed about how they instilled philanthropic values into their children, the Olsons say they never discussed charitable giving and they “always felt like actions speak louder than words.” Sue admits they asked Tyler and Mindy to ensure that their memory was correct. Both children agree their parents never directly preached about the importance of giving. Tyler replied, “they led by example.”

Ron and Sue wouldn’t want it any other way.

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The Olson Family This year, Ron and Sue Olson transferred leadership of their family business, Paulson Electric, to their children. Tyler, Mindy and her husband Ethan are the fourth generation to lead the company. They will also manage Paulson Electric’s corporate philanthropy.

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Strong nonprofits foster strong communities.

Together, we are strengthening nonprofit organizations through grantmaking, awareness, capacity building, learning opportunities and networking to support a healthy and vibrant Linn County.

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GRANTMAKING TOTAL GRANTS AWARDED

MILLION

8

9.6%

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INCREASE

6 5 2011

2012

2013

2015

2014

2015 GRANTS AWARDED BY SECTOR

26%

Education

11% Health 9%

24%

Human Services

3%

Religion

18%

Arts, Culture & Humanities

10%

Public/Society Benefit

8%

Environment, Animals

The Community Foundation maintains strict standards to uphold the integrity of the grantmaking process. Our conflict of interest policy applies to grant committees, board and staff requiring recusals in cases of conflict of interest. Community Foundation review processes are methodical and transparent, with scoring tools for competitive grant applications available online at www.gcrcf.org.

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It’s Time to Think Differently About Cedar Lake

Friends of Cedar Lake A coalition of people who want to improve Cedar Lake – the industrial body of water just north of I-380 near downtown Cedar Rapids – formed an organization called Friends of Cedar Lake. Their goal is to turn the lake into a valuable community asset and family destination by cleaning up the area and adding recreational amenities such as docks, observation decks, playgrounds, and canoe and kayak rentals.

Visible from I-380, the sludgy pit of Cedar Lake, decorated ironically with an American flag and black and white lighthouse, has sparked numerous myths. The lake is currently owned by Alliant Energy and, prior to the plant’s closing in 2008, its water was used as a coolant. The plant is no longer active, but because of its association with energy production, and the generally unkempt appearance of its South cell, rumors about the lake’s water quality and safety have circulated for years.

Today, a dedicated group of Cedar Rapidians are working to turn the lake from an eyesore into a valuable public space. Dale Todd and Felicia Wyrick serve as Friends of Cedar Lake’s leaders, but its strength is in the coalition of supporters they have formed to work together.

Changing the perception of the lake is a significant part of the organization’s mission. The group realized they needed to be able to raise funds to pursue their goals, which included making the lake a public entity. They applied for a President’s Fund grant from the Greater Cedar Rapids Community Foundation in 2014, and were able to successfully obtain their 501(c)(3) nonprofit status.

Once they became an official nonprofit, Friends of Cedar Lake was able to begin efforts to raise money and put plans into motion. They pulled key stakeholders together – Alliant Energy, City of Cedar Rapids, Linn County Board of Supervisors – and facilitated discussions about the future of the lake and the steps that would be necessary to get them there. “I’ve never been involved in a project that has so many diverse groups with a common goal,” reflects Dale Todd.

The next phase of their effort involved completing and presenting a master plan for the lake to the community. While they initially reached out to Community Foundation donoradvisors for funding to complete this, a surprise grant from 100+ Men Who Care and 100+ Women Who Care, local philanthropic groups, allowed Friends of Cedar Lake to redirect Community Foundation funds to another important step – finding out, once and for all, what is at the bottom of Cedar Lake.

Friends of Cedar Lake hopes that sediment testing will put the myths and fears that some community members still have to rest and will make the transition of the lake to a public entity easier.

Dale and Felicia are optimistic that whatever they find in the sediment, they will be able to assuage any concerns about the lake’s history. They’re confident that they are well on their way to turning Cedar Lake into a valuable community asset.

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FUNDS FOR THE COMMUNITY Giving to our community’s greatest needs and opportunities

Program Fund Supports new and innovative programs and sustains current and/or ongoing programs.

1.2 M

$

awarded

$2.3 M requested

Organizational Development Fund Supports nonprofits in strengthening their ability to carry out their mission.

291,300

$

Endowment Challenge Fund Supports nonprofits with a matching grant to help in their endowment building efforts to create sustainable funding.

25,000

$

awarded

$474,800 requested

President’s Fund

Linn County Fund

Supports the immediate needs of nonprofits.

Supports programs or projects that enhance the quality of life and community development outside the Cedar Rapids metropolitan area.

14,800

$

awarded

awarded

$50,000 requested

$17,600 requested

114,000

$

awarded

$164,000 requested

FUNDS FOR THE COMMUNITY GRANTS AWARDED BY SECTOR

21%

Arts, Culture & Humanities

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14%

Education

10%

Environment, Animals

16%

Health

29%

Human Services

10%

Public/Society Benefit

COMPETITIVE DONOR-ADVISED FUNDS Helping philanthropic corporations and families administer their charitable giving

Altorfer, Inc.

Bloomhall Family

CRST International

Applications are accepted in all categories with priority placed on historic preservation and community development.

Applications are accepted in all categories with priority placed on health-related activities.

Applications are accepted in all categories, with emphasis on arts and culture.

Diamond V

Gazette Foundation

Applications are accepted in all categories with priority placed on educational training and health and human services activities.

Applications are accepted in all categories with priority placed on efforts that serve the communities of Hiawatha, Cedar Falls and Des Moines, Iowa and East Moline, Illinios.

GreatAmerica Financial Services Corporation

Lil’ Drug Store Products

McGrath Automotive Group

Applications are accepted in all categories.

Applications are accepted in all categories with an emphasis on children’s needs.

Applications are accepted in all categories.

World Class Industries Applications are accepted in all categories with an emphasis on programs that serve The Gazette circulation/viewership area.

COMPETITIVE DONOR-ADVISED FUNDS GRANTS AWARDED BY SECTOR

30%

Arts, Culture & Humanities

11%

Education

5%

Environment, Animals

20%

Health

33%

Human Services

1%

Public/Society Benefit

For a complete list of grant and scholarship recipients visit www.gcrcf.org.

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Cedar Rapids Opera Theatre The Cedar Rapids Opera Theatre performed Pinocchio at 12 elementary schools in Cedar Rapids for its Young Artist and School Outreach Program during the 2015-16 school year.

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Impact of Opera is Bigger than Providing Entertainment “A lot of people say, ‘why opera?’ And I probably questioned that myself because I hadn’t been exposed to it much as a child.”

Today, Melissa Summers serves as a board member of the Cedar Rapids Opera Theatre. As the music teacher at Johnson STEAM Academy, she’s also become a passionate advocate for the Opera Theatre’s Young Artist and School Outreach Program. The program selects college-aged performers from across the country to come to Cedar Rapids. Participants are involved with the Theatre’s mainstage performances but also get the opportunity to bring opera to area elementary school students.

“I think kids are the most important part of opera,” says young artist Stephanie Newman, the mezzo soprano who was chosen to play Pinocchio in this year’s school performance. “They’re our next generation and it’s their first experience hearing something like this - they’re just in awe when they see us perform.”

But Stephanie thinks the impact of opera performance goes beyond exposing children to the art form. “This serves a social good, because this can be a kind of escape to a different world,” she explains. “You don’t know the impact it could have on them for the rest of their lives and so it’s important that this organization exist for them.”

Melissa agrees that the impact of opera is bigger than providing entertainment. She creates a curriculum guide for teachers to use to relate the school performance to other subjects. “I call the arts the glue that holds everything together,” she says. “The arts express humanity. They reflect emotions. To be able to enjoy the arts as an audience member, you have to be able to have that deep understanding across the spectrum of all subject areas. It’s very important.”

The Cedar Rapids Opera Theatre hopes to continue to provide opera exposure to area students for years to come. Opera Theatre founder and artistic director Daniel Kleinknecht believes that youth outreach is an essential aspect of their work. “In many cases, this is the first musical experience our Cedar Rapids school children will have. And that’s a vivid experience for these young people. So, I hope that we are able to continue to invest in the youth of today and the audiences of tomorrow.”

In 2015, the Greater Cedar Rapids Community Foundation awarded a grant to the Cedar Rapids Opera Theatre to assist in funding their 2016-2018 Young Artist and School Outreach Program.

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“Peer groups give me the opportunity to connect with others. It’s great to be able to pool our collective knowledge, knowing that we are working to make the Corridor a better place to live.”

— Lindsey Flannery Indian Creek Nature Center 22

NONPROFIT NETWORK

STRENGTHENING NONPROFITS BEYOND GRANTMAKING. Peer Network

Raising Awareness

37 peer groups held

Collaborative #GivingTuesday promotion

171 total participants (541 overall attendance)

Celebration of Community event recognizing important work of nonprofit sector: 300 attendees Two Nonprofit Excellence Awards presented

Nonprofit Know-How Series Three fast, affordable training sessions were offered: Board Boot Camp Development Boot Camp Financial Scan™ Boot Camp

Library Partnership

100 attendees

48 attendees for Library resources training

Nonprofit Resources section created by Cedar Rapids Public Library

Information Sharing 885 recipients of monthly e-newsletter

From left clockwise: Lindsey Flannery, Anna Patty, Mercedes Pitzer, Nick Hofmeyer, Kelsey Steines, Susan Pfeiler-Todd, Patti Kunz, Jeff Capps, Meghan Zalewski, Jolene Frankhouse, Lia Pontarelli, Dawn Brouwers Representing Alzheimer’s Association, Big Brothers Big Sisters, Catherine McAuley Center, Cedar Valley Habitat for Humanity, Four Oaks, Hawkeye Area Down Syndrome Association, His Hands Free Medical Clinic, Indian Creek Nature Center,The Salvation Army and Waypoint.

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Together, we’re improving our quality of life and creating a vibrant community.

Each year, the Greater Cedar Rapids Community Foundation welcomes individuals, families and businesses as new donors.

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FUNDS ESTABLISHED IN 2015 DESIGNATED FUNDS Designated Funds are established by a donor to provide ongoing support for a specific nonprofit organization or purpose. The organization(s) the donor chooses receives annual distributions from the fund.

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NEW FUNDS

190

TOTAL FUNDS

Arc - Leslie and Matthew Petersen Memorial Fund Arc - Zachary C. Zenk Fund Brucemore John and Kay Hegarty Fund Etzel Sugar Grove Farm Endowed Fund Friends of Camp Hitaga Fund Friends of Cedar Lake Fund Fulton-Barnes Fund Howard H. Cherry Scout Reservation Camp Staff Alumni Fund Jack and Jackie Roland Family Fund John Stephen Klima Fund Michael and Cindy Dunn Family Fund MICRO Fund Mobile Band Shell Project Fund Orpha Kempf Fund Paul and Jennifer Morf Endowed Designated Fund for the Iowa Natural  Heritage Foundation Rock Island Bridge Bike Trail Conversion Fund Roger and Thea Leslie Endowed Fund IX Ruth M. and Clifford M. Altermatt Fund Theatre Cedar Rapids David Mahlke Fund Theatre Cedar Rapids Sally Novetzke Fund United Way Brad and Kathy Colton Family Fund United Way Carleen and Eugene Grandon Fund United Way Curt and Beth Livengood Family Fund United Way David Mahlke Fund United Way Ivan and Mary Bess Chester Fund United Way James and Sharon Altorfer Fund United Way Jim and Jo Ellen Haddad Family Fund

United Way Jim and Sara Sauter Family Fund United Way John and Kay Hegarty Fund United Way McGrath Family Fund United Way Roger and Angie Baker Family Fund United Way Steve and Susan Ovel Fund Walter Hammill Scholarship Fund Wes and Nancy Nygren Fund for St. Paul’s UMC

DONOR-ADVISED FUNDS Donor-Advised Funds allow donors to remain actively involved by making grant recommendations to causes they care about whenever it is convenient.

7

NEW FUNDS

198

TOTAL FUNDS

Baker Family Fund Barry and Nancy Brown Family Giving Fund Betty and Rollin Heller Memorial Fund Christoffersen Family Fund Dennis and Donna Oldorf Family Fund Dr. Kim William Lyle Fund Kris and Bryan Davis Fund

FIELD OF INTEREST FUNDS This fund option allows donors to make contributions to specific fields of interest that have meaning to them. This may include support for multiple areas of interest, such as the environment, education, the arts or community development. The Community Foundation awards grants to organizations and programs that are making a difference in the selected areas.

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TOTAL FUNDS

25

AGENCY FUNDS

SCHOLARSHIP FUNDS

The following nonprofit organizations have established an Agency Fund. These funds provide organizations with general operating support, stability during cyclical variances in income, and financial support for areas of high importance to the organization.

This fund type is used by donors to help students achieve their educational goals through scholarships.

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NEW FUNDS

253

TOTAL FUNDS

Arc of East Central Iowa Agency Fund Cedar Valley Habitat for Humanity Endowment Fund Cedar Valley Habitat for Humanity Friends Fund Ecumenical Community Center Foundation Friends Fund Ecumenical Community Center Foundation Fund Ecumenical Community Center Foundation Quasi-Endowed Fund Harmony Hawks Endowment Fund Harmony Hawks Friends Fund Holy Family Schools Agency Fund Holy Family Schools Friends Fund Indian Creek Nature Center Endowment Challenge Fund Jeanne Skalsky-Carter Endowed Fund Jerry Oakland Fund Kids First Law Center Forever Fund Kids First Law Center Friends Fund Kids First Law Center Quasi-Endowed Fund Kids First Law Center Quasi-Endowed Fund II Meth-Wick Friends Fund Mount Vernon Volunteer Firefighters Association Friends Fund Mount Vernon Volunteer Firefighters Association Fund St. Luke’s Hospital Cancer Care Friends Fund YMCA of the Cedar Rapids Metropolitan Area Friends Fund YMCA of the Cedar Rapids Metropolitan Area Endowment Fund

1

NEW FUND

37

TOTAL FUNDS

John Stephen Klima Academic Excellence Scholarship

COMMUNITY ENDOWMENT FUNDS Donors can address the community’s greatest needs through these funds. Created by visionary philanthropists who want to support the community beyond their lifetimes, these funds allow the Community Foundation to address community needs and opportunities as they emerge.

3

NEW FUNDS

30

TOTAL FUNDS

Kenneth and Mildred Johnson Fund William D. Nordstrom Fund William J. and Georgene I. Robb Charitable Fund

For a complete list of funds and donors visit www.gcrcf.org.

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Maureen Kenney Maureen Kenney is an attorney and professional advisor at Bradley & Riley.

Among other things, she helps her clients make charitable gifts during tax season or as part of an estate plan. In addition to Endow Iowa tax credits, the Community Foundation has offered an added benefit for many of her clients who don’t have a specific charity in mind but want their gift to go to the community’s needs and opportunities as they emerge in the future.

Visit our website to learn more about Maureen’s story.

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WILLIAM QUARTON HERITAGE SOCIETY More than 400 local philanthropists are members of the William Quarton Heritage Society, which recognizes and honors those who have made permanent gifts to the Greater Cedar Rapids Community Foundation through a planned gift or the establishment of an endowed fund. Planned giving options include naming the Community Foundation as a beneficiary in a will, charitable remainder trust, charitable gift annuity, life insurance policy or retirement fund.

NEW MEMBERS IN 2015 Ruth* M. and Clifford* M. Altermatt James and Sharon Altorfer Roger and Angie Baker Susan Baker Judith and Bruce Barnes Barry and Nancy Brown Terri and Art* Christoffersen Brad and Kathy Colton Kris and Bryan Davis Cindy and Michael Dunn LeAnn and Mark Erenberger

Bertha Etzel George Etzel Janelle Graber and Dr. Kim William Lyle* Carleen and Eugene* Grandon James and Jo Ellen Haddad Jean and Walter* Hammill Terry and Linda Heller Mary and Al Huneke Donald and June King Ted and Cheryl King John Stephen Klima

Beth and Curtis Livengood Lisa and Mike McGrath Mary Kay and Patrick McGrath Sally Novetzke Wes and Nancy Nygren Dennis* and Donna Oldorf Delaine and Pete Petersen Sara and Jim Sauter John Stallman Jean Sweat David and Cindy Zenk

*Deceased

Leaving a legacy that will last forever 28

Jack and Nancy Evans Longtime Cedar Rapids residents, Jack and Nancy Evans, care about their community. They have built careers here and raised three sons here. Their planned gift will divide their estate into four equal parts with one part to become a fund at the Community Foundation. In their estate plans, they consider their community as their fourth child.

Visit our website to learn more about Jack and Nancy’s story.

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HONORS & MEMORIALS HONORS & MEMORIAL FUNDS ESTABLISHED IN 2015

Arc - Leslie and Matthew Petersen Memorial Fund Arc - Zachary C. Zenk Fund Betty and Rollin Heller Memorial Fund Jerry Oakland Fund John Stephen Klima Academic Excellence Scholarship John Stephen Klima Fund Kenneth and Mildred Johnson Fund Dr. Kim William Lyle Fund Orpha Kempf Fund Ruth M. and Clifford M. Altermatt Fund Walter Hammill Scholarship Fund William D. Nordstrom Fund William J. and Georgene I. Robb Charitable Fund

Friends of Cedar Lake Fund

In honor of 100+ Women Who Care In honor of 100+ Men Who Care In honor of Felicia Wyrick In honor of Mike Wyrick

Iowa Football Club Fund

In honor of IFC Charity Bowl Event

Jerry Oakland Fund

In honor of Jerry Oakland

Keokuk Arts Center Friends Fund

In honor of Raymond and Mary Jane Geoeke

Kidneeds Fund

In honor of Andrea Hawn-Powers

In honor of Alex Gibbs In honor of Ashley Ames In honor of Brian Bruder In honor of Connor Reese In honor of Danny Harris In honor of David Yates In honor of Grace Sugrue In honor of Kristyn Wheeler In honor of Richard Smith, Lynne Lanning and kids In honor of Zachary Smith

Arc of East Central Iowa Friends Fund

Mobile Band Shell Project Fund

FUNDS THAT RECEIVED HONOR CONTRIBUTIONS IN 2015 Arc of East Central Iowa Endowment Challenge Grant Fund

In honor of Delaine Petersen In honor of Emmett Scherrman In honor of Ronald Gonder

Cedar Rapids Opera Theatre Friends Fund In honor of Virginia Michalicek

Community Endowment Fund

In honor of Curt Nelson In honor of Granddaughter Amber

Frank P. and Marie M. Woods Family Fund In honor of Bernice F. Boffeli In honor of Thomas Boffeli

In honor of Coralynne and Kaylianne In honor of Ken Kirby In honor of Steve Shandey

Project Victoria Fund

In honor of Jeremiah Maller

Trees Forever Endowment Challenge Grant Fund In honor of Rose Lucket

FUNDS THAT RECEIVED MEMORIAL CONTRIBUTIONS IN 2015 Alex Strait Memorial Fund for Indian Creek Nature Center In memory of Alex Strait

Anna Purna Ghosh Foundation Friends Fund In memory of Kathryn Deutchman

Arc - Leslie and Matthew Petersen Memorial Fund In memory of Leslie and Matthew Petersen

Arc of East Central Iowa Endowment Challenge Grant Fund In memory of Alex Vosdingh

Big Brothers Big Sisters of Cedar Rapids & East Central Iowa Agency Operations Friends Fund In memory of Robert C. Fletcher

Boys and Girls Club of Cedar Rapids Agency Friends Fund In memory of Robert C. Fletcher

Camp Courageous Friends Fund In memory of Dorothy Ann Fisher In memory of Robert C. Fletcher

Cedar Rapids Community School District Foundation Friends Fund In memory of Robert C. Fletcher

Cedar Rapids Opera Theatre Friends Fund In memory of Elizabeth Kleinknecht In memory of Robert C. Fletcher

Cedar Rapids Public Library Foundation Friends Fund In memory of Robert C. Fletcher

Cedar Rapids Symphony Orchestra Friends Fund In memory of Robert C. Fletcher

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Coe College Friends Fund

In memory of Robert C. Fletcher

In memory of Mary Geppert Kreitzer In memory of Steve Stewart

Community Endowment Fund

Joann Elizabeth Downey Fund

In memory of Charles Cass In memory of Corinne L. Yaw In memory of Gerald (Jerry) Knox In memory of Hilda Smith In memory of William D. Nordstrom

In memory of Joann Downey

Junior League of Cedar Rapids Friends Fund In memory of Robert C. Fletcher

Kidneeds Fund

Community Health Free Clinic Friends Fund

In memory of Jeri Irvine In memory of Sam Personte

Four Oaks Total Child Campaign Endowment Challenge Fund

Kids First Law Center Friends Fund

In memory of Robert C. Fletcher

In memory of Herald Smith In memory of Merlin Dreibelbis

Friends of the Oak Hill Cemetery Endowment Fund In memory of William H. Beshears

Gerald T. and Karen J. Knox Fund In memory of Gerald (Jerry) Knox

Horizons Friends Fund

In memory of Robert C. Fletcher

Indian Creek Nature Center Endowment Challenge Fund In memory of Paul Christiansen

Iowa Choral Directors Association Foundation Endowment Fund In memory of Steve Stewart

Iowa Choral Directors Association Foundation Friends Fund In memory of Iowa Choral Directors Association Friends In memory of John and Fran Evenson In memory of Marvin Kelley

In memory of Roland Moehlmann In memory of Steve Colton In memory of Tim Josifek In memory of William and DeLores Bauck

Nancy G. McHugh Fund

In memory of Nancy G. McHugh

Old Creamery Theatre Company Friends Fund In memory of Robert C. Fletcher

Orpha Kempf Fund

In memory of Orpha Kempf

In memory of Robert C. Fletcher

Project Victoria Fund

Kirkwood Community College Foundation Friends Fund

Red Cedar Chamber Music Friends Fund

In memory of Jamison Russell Curran

In memory of Robert C. Fletcher

In memory of Robert C. Fletcher

Kleiman Family Endowed Scholarship Fund

Ruth Opal Beatty Fund for Music Education of Shellsburg Youth

In memory of Clara M. Kleiman

Kylie Hall Designated Endowment Fund In memory of Betty Hall

Linn County Historical Society Friends Fund In memory of Robert C. Fletcher

Matthew Carl Livengood Memorial Fund

In memory of Ruth Opal Beatty

St. Luke’s Health Care Foundation Friends Fund In memory of Robert C. Fletcher

Suki Cell Scholarship Fund In memory of Suki Cell

In memory of Matthew C. Livengood

Theatre Cedar Rapids Friends Fund

Mercy Medical Center Foundation Hall-Perrine Cancer Center Friends Fund

Trees Forever Endowment Challenge Grant Fund

In memory of Robert C. Fletcher

In memory of John Michael Jantzen

In memory of John Donald Thornton

Mobile Band Shell Project Fund

Walter Hammill Scholarship Fund

In memory of Chester Ehrenberger In memory of Frank Piersol In memory of Luther and Ardythe Anderson In memory of Mildred Prehn In memory of Pat and Roland Moehlmann In memory of Paul and Helen Nielsen

In memory of Walter Hammill

Waypoint Endowment Friends Fund In memory of Robert C. Fletcher

William J. and Georgene I. Robb Charitable Fund In memory of Georgene Iles Robb

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Support from Pregnancy Through Parenting

Young Parents Network Last year, over 250 individuals accessed prenatal and parenting education groups at Young Parents Network. The attendees have a desire to better themselves to support their children and enjoy the sense of community and support they receive from other young parents and volunteers.

Young Parents Network was formed in 1985 with the goal of providing a support system to young families. For over 30 years, the local organization has grown and adapted to provide the services that young parents need to succeed. Their effort hinges on the support of countless community partners and volunteers.

Today, Young Parents Network provides resources to women and men age 13-27 years. Class content is educational in nature and can range from a how-to on parenting techniques, to how to maintain a car or plan for retirement. Their model involves weekly classes where young parents are grouped together - mothers, fathers, and more recently, a Latina-specific group.

Childcare, a meal and transportation are offered.

Executive Director Brian Stutzman explains, “Most of these individuals come to us prenatally. We’ll have upwards of 250 individuals who come through our doors every year that are pregnant and many of those will stay with us through parenting.”

He further explains that while Young Parents Network clients are often facing significant challenges, they come to the program voluntarily because they sincerely want to do better for themselves and for their children. They’re motivated to seek out resources.

“Most people who have a child know that overwhelming feeling that you have when you walk out of the hospital that nobody else is coming with you,” says Brian. “That you don’t have an owner’s manual, but that you’re responsible for this child.

That’s why people come to us. They’re in a situation where they may not have a very good support system or they may want more information. Or they’re just looking to respond to some of that anxiety they’re feeling.”

After talking with clients, it’s clear that the benefit of Young Parents Network’s programming goes well beyond resources or education. The added, intangible benefit is the sense of community that Young Parents Network fosters among group participants and volunteers.

“Initially, I didn’t want to come,” recalls Megan, who has been participating in Young Parents Network for the past two years.

“I thought it was going to be a situation where someone would lecture you. But it’s not like that, and I really enjoy meeting the other moms who are going through the same things. It’s a great place to get support.”

Over the years, Young Parents Network has benefitted from numerous grants from the Community Foundation. Most recently, the organization received a grant from a donor-advisor to fund its prenatal and parenting education groups.

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STATEMENTS OF FINANCIAL POSITION ASSETS Cash and cash equivalents Receivables: contributions, grants and bequests, net Prepaid expenses Investments Property and equipment, net Cash value of life insurance Other assets TOTAL ASSETS LIABILITIES AND NET ASSETS Liabilities: Accounts payable Accrued expenses Grants payable Amounts due under annuity and unitrust agreements Amounts held on behalf of others Total liabilities

2015 $

$

$

$

1,922,078 720,051 18,362 136,925,323 1,606,875 263,216 576,000 142,031,905

AUDIT

Consistent with prior years and observing industry best practices, the Greater Cedar Rapids Community Foundation engaged the services of an independent public accounting firm to perform an audit of the Community Foundation’s records and 2015 financial statements.

FORM 990 $

Net assets: Unrestricted net assets Temporarily restricted Total net assets TOTAL LIABILITIES AND NET ASSETS

3,170,763 558,105 24,877 133,727,434 1,572,719 273,348 576,000 139,903,246

2014

11,536 51,922 11,738 2,007,824 29,994,525 32,077,545

$

106,115,382 1,710,319 107,825,701 $

139,903,246

22,028 31,376 4,985 1,974,743 29,757,776 31,790,908

The Greater Cedar Rapids Community Foundation will submit a 2015 Form 990, the informational tax form required to be filed annually. Form 990 gives the IRS an overview of the organization’s activities, governance and detailed financial information.

107,880,776 2,360,221 110,240,997 $

142,031,905

The audited financial statements and the most recently filed Form 990 are available on the Community Foundation’s website, www.gcrcf.org, or may be obtained by calling 319.366.2862.

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INVESTMENT PERFORMANCE The Greater Cedar Rapids Community Foundation offers three investment options to meet a range of philanthropic goals and time horizons. Each of our investment pools is carefully constructed and diversified across global investment opportunities to attempt to generate optimal returns while mitigating volatility.

ENDOWMENT POOL

MODERATE POOL

CONSERVATIVE POOL

The Endowment Pool is a long-term investment option and capital appreciation is the primary goal. This pool is for permanent endowments, where the time horizon is in perpetuity.

The Moderate Pool is designed to have a lower return and lower risk profile than the Endowment Pool. For individuals, this pool is recommended for quasi-endowed funds.

For nonprofits, this pool is recommended for reserve funds where the time horizon for use is five to ten years.

In the Conservative Pool, the preservation of capital is more important than maximizing returns. This pool has the most conservative asset allocation. Charitable Remainder Trusts and Charitable Gift Annuities are invested here.

For nonprofits, this pool is recommended for reserve funds where the time horizon for use is three to five years.

INVESTMENT RETURN

INVESTMENT RETURN

INVESTMENT RETURN

1 YEAR

3 YEAR

5 YEAR

SINCE INCEPTION (1/94)

1 YEAR

SINCE INCEPTION (9/13)

1 YEAR

3 YEAR

5 YEAR

SINCE INCEPTION (7/98)

(3.7%)

3.3%

4.5%

7.0%

(3.0%)

2.5%

(0.4%)

1.8%

3.3%

4.5%

*Investment Return as of December 31, 2015

ASSET ALLOCATION

ASSET ALLOCATION Real Assets

3%

4% 5% Cash 53%

Global Equity

15%

Diversifying Strategies

23%

Diversifying Strategies

9%

10%

Global Equity

Real Assets 43%

Global Fixed

ASSET ALLOCATION

Cash 1%

Global Equity

56%

Global Fixed

Global Fixed

Cash

35%

43%

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AFFILIATES Community foundations create opportunities for counties to direct philanthropic resources locally. The Greater Cedar Rapids Community Foundation supports the efforts of the Wapello County Foundation and the Keokuk Area Community Foundation to support philanthropy in their communities.

KEOKUK AREA COMMUNITY FOUNDATION The Keokuk Area Community Foundation is a public foundation established in 2005 which receives charitable gifts from donors to establish permanent endowments and scholarship funds for the benefit of Southeast Iowa, Western Illinois, and Northeast Missouri. The Greater Cedar Rapids Community Foundation supports the efforts of the Keokuk area to build and administer endowments.

For more information, visit www.keokukfoundation.org or contact Roger Ricketts, Executive Director of the Keokuk Area Community Foundation at 319.795.1407 or rogerricketts@centurytel.net.

WAPELLO COUNTY FOUNDATION Established in 1988, the Wapello County Foundation is a private foundation which operates for the benefit of Wapello County, Iowa. The Greater Cedar Rapids Community Foundation assists the Wapello County Foundation with the distribution of funding from the County Endowment Fund Program, which provides funding to counties without a state-issued gaming license in Iowa.

For more information about the Wapello County Foundation, contact Richard C. Bauerle at 480.837.7423 or rcbauerle@cox.net.

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Wapello County Foundation Keokuk Area Community Foundation

BOARD OF DIRECTORS

CHRIS SKOGMAN

KEVIN WELU

LOREN L. COPPOCK

KATIE OBERBROECKLING

LYDIA BROWN

Chair

Chair-Elect

Past Chair

Treasurer

Secretary

KARL CASSELL

JOHN CHAIMOV

TERRI CHRISTOFFERSEN

BRENT COBB

PATRICK DEPALMA

GREG DUNN

TIFFANY ANN EARL

SARA B. FISETTE

PEGGY HARDESTY

MAUREEN KENNEY

AMY LYNCH

CHERYLE W. MITVALSKY

THOMAS MOORE

JULIE NOSEK

JOHN OSAKO

OATHER TAYLOR, III

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STAFF ADMINISTRATION

DEVELOPMENT

LES GARNER

AMY LOGSDON

MICHELLE BEISKER

JOSIE VELLES

President & CEO

Executive Assistant

Vice President of Development

Director of Development Services

KARLA TWEDT-BALL

ELIZABETH CWIK

ROCHELLE NAYLOR

BERNADETTE GLADISH

CARRIE WALKER

Senior Vice President, Programs and Community Investment

Program Officer

Program Officer

Program Assistant

Nonprofit Network Coordinator

PROGRAMS

FINANCE

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SUSAN WILLEY Director of Planned Giving

LAURA BOOTH Donor Relations Officer

MARKETING

JEAN BRENNEMAN

EMMYLOU BALL

CHRISTI SMEED

CORINNE RAMLER

AMBER WARING

KATHRYN STACK

Chief Financial Officer

Controller

CAccounting Assistant

Director of Marketing and Communications

Marketing Associate

Content Associate

COMMITTEES AGENCY INVESTMENT ADVISORY COUNCIL Rich Altorfer Scott Arensdorf Mike Buck Dick Cornish Diane Daubenmier Jim Daubenmier Pat Deignan Adam Erbert Rex Eno Tammi Erb Tami Gillmore Brad Hauge Jaye Kennedy Dennis Lauterbach Dick Minette Dale Rettenmeier Fred Rose Jim Seifert Leland Smithson Donna Sorensen Bob Vancura Adam Vargason CAPACITY FUND COMMITTEE Cheryle Mitvalsky, Chair Lydia Brown Ryan Buresh Brent Cobb Cathy Gullickson Chris Lindell Jessica Link Joe Jennison

DEVELOPMENT COMMITTEE Terri Christoffersen, Chair Scott Bogguss Gilda Boyer Brent Cobb Loren Coppock Cheryle Mitvalsky Chris Skogman EXECUTIVE COMMITTEE Chris Skogman, Chair Lydia Brown Terri Christoffersen Brent Cobb Loren Coppock Maureen Kenney Katie Oberbroeckling John Osako Kevin Welu GRANTMAKING AND LEADERSHIP COMMITTEE John Osako, Chair Lorna Barnes Karl Cassell John Chaimov Peggy Hardesty John Wasta Ruth White INVESTMENT COMMITTEE Kevin Welu, Chair Patrick DePalma Maureen Kenney

Amy Lynch Greg Neumeyer Julie Nosek Denny Redmond LINN COUNTY FUND COMMITTEE Julie Nosek, Chair Fred Althoff David Gardner Mary Junge Doug McAllister Elizabeth Schott NONPROFIT NETWORK ADVISORY COMMITTEE David Janssen, Chair Jenny Becker Jeff Capps Karl Cassell Monica Challenger Sara Fisette Anne Gruenewald Kathy Hall Norah Hammond Ben Jensen John Meyers Tom Moore Quinn Pettifer Casey Prince Jenny Schulz

PROGRAM FUND COMMITTEE John Osako, Chair Craig Byers John Chaimov Sara Fisette Peggy Hardesty Amy Lynch Sue Olson Kurt Rogahn Oather Taylor Ruth White SCHOLARSHIP COMMITTEE Betty Ehlinger Erin Gray Marcia Hughes Amy March Mallory Mohwinkle Liz Posekany Kathryn Stack Lisa Thirnbeck Myron Williams

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324 3rd St SE, Cedar Rapids, IA 52401 info@gcrcf.org | 319.366.2862 | www.gcrcf.org

OUR MISSION: To help donors give in meaningful ways, to strengthen nonprofits, and to provide leadership that supports a vibrant community.

Confirmed in Compliance with National Standards for U.S. Community Foundations