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2016 Highlights

5-14 Nonprofit Sectors Education Health and Human Services Arts and Culture Environment Public Benefit

15

Partners in Giving

17

Grants and Nonprofits

19

New Funds

23

Financial and Investment Summaries

25

Board, Staff and Committees


Philanthropy is not just about an exchange of money or time. It’s about sharing ideas and working together to respond to ever-changing community needs and opportunities. In 2016, we experienced the power of a community that works together. Consider MICRO, a loan program established to help start-up businesses and entrepreneurs succeed; the Kids on Course Summer University expansion, which offers a free summer learning opportunity to students who aren’t meeting grade level benchmarks; and the Jobs and Small Business Recovery Fund and Nonprofit Recovery Fund, which provided funding for small businesses and nonprofits who lost revenue and incurred expenses related to flood mitigation. In each case, our impact was greater because we worked together. It was an excellent year for the Greater Cedar Rapids Community Foundation. Total grants awarded reached $10 million and total gifts received were $12.5 million. We continue to make a difference in countless lives today through grants awarded and endowments built over decades, one donor at a time. We are honored to be engaged in inspiring philanthropic initiatives and able to collaborate with generous donors, hardworking nonprofits, and a community that when called‌comes together.

Les Garner President & CEO

Kevin Welu Board Chair

2


GENEROUS DONORS

149.3 MILLION

$

TOTAL ASSETS

903 TOTAL FUNDS SINCE INCEPTION 12.5 MILLION

$

TOTAL GIFTS RECEIVED

57

NEW FUNDS CREATED

1,623 2016

NUMBER OF GIFTS

57

DONOR MEETINGS


STRONG NONPROFITS

105 MILLION

$

TOTAL GRANTS AWARDED SINCE INCEPTION

10 MILLION TOTAL GRANTS AWARDED

$

127,015

$

TOTAL AMOUNT OF SCHOLARSHIPS FUNDED THROUGH 113 AWARDS

439

NUMBER OF NONPROFITS FUNDED

35 2016

NONPROFIT PEER GROUPS HOSTED

3

TRAININGS SERVED108 NONPROFIT PROFESSIONALS


COMMUNITY COLLABORATIONS

36

DONORS EDUCATED AT PHILANTHROPY ROUNDTABLE EVENTS

5COLLABORATIONS ADDRESSING

CHALLENGES AND OPPORTUNITIES: MICRO Loan Program Reading into Success Kids on Course University Expansion Regional Vision Rising Flood Recovery Funds

17 2016

LUNCH & LEARNS HOSTED FOR PROFESSIONAL ADVISORS

2AFFILIATE COUNTY AND COMMUNITY FOUNDATIONS SUPPORTED


TOGETHER, WE’RE STRENGTHENING THE PEOPLE AND PLACES THAT SHAPE OUR COMMUNITY


Competitive grantmaking through the Community Foundation provides funding to a number of educational efforts. Donors may also establish funds to support educational opportunities they feel passionate about. In 2015, Terry Trimpe and Tim Meyer approached the Community Foundation with an interest in establishing a scholarship fund to support future teachers who attended Amana Middle School, in honor of their longtime friend, mentor and teacher Bob “Coach” Van Cleave. A past relationship with the Community Foundation inspired confidence that they could honor Coach forever with this giving. For the past two years, a volunteer board has worked to raise funds from Amana alumni in honor of Coach. “What made Bob special is that the messenger really reflected his message – he was 'Coach' to everyone; athletes and non-athletes alike,” recalls Tim. “Our hope is that by helping an aspiring educator pay for college, we can honor him in some way.”

Van Cleave Scholarship Fund


Through competitive grantmaking to local school districts, after-school programs, and supplemental educational opportunities, the Community Foundation supports the efforts of nonprofits to ensure that all students in our communities receive a diverse and impactful education.

2016 COMPETITIVE GRANT RECIPIENTS Academy for Scholastic & Personal Success Cedar Rapids Community School District Cedar Rapids Community School District Foundation Eastern Iowa Arts Academy Friends of the Hiawatha Public Library Hiawatha Public Library Iowa College Access Network Iowa College Foundation Iowa School for the Deaf Foundation

Junior Achievement of Eastern Iowa Kirkwood Community College Foundation The Teacher Store Linn-Mar School Foundation Metro High School NewBoCo Northeast Iowa Community College Foundation University of Iowa Foundation

WE SUPPORT

EDUCATION AS AN INVESTMENT IN THE FUTURE


Community Foundation grantmaking supports nonprofit organizations that provide essential services and resources to underserved populations in our communities.

2016 COMPETITIVE GRANT RECIPIENTS Abbe Center for Community Mental Health Access 2 Independence Affordable Housing Network Inc. Alzheimer's Association - East Central Iowa American Cancer Society American Diabetes Association Inc. Area Substance Abuse Council Best Buddies Iowa Big Brothers Big Sisters of Cedar Rapids & East Central Iowa, Inc. Blackhawk Area Special Education District 865 Boys and Girls Club of Cedar Rapids Catherine McAuley Center Inc. Cedar Rapids Community School District Cedar Rapids Metro YMCA Cedar Valley Friends of the Family Cedar Valley Habitat for Humanity Chelsey's Dream Foundation Children's Cancer Connection Community Health Free Clinic Deaf Iowans Against Abuse Inc. Deafinitely Dogs Inc. Discovery Living, Inc. Eastern Iowa Health Center Families Helping Families of Iowa First Lutheran Church Foundation 2 Inc. Gems of Hope Girl Scouts of Eastern Iowa and Western Illinois Inc. Girls on the Run of Johnson County Goodwill Industries of the Heartland

Hawkeye Area Council, Boy Scouts of America Henry Davison Youth Center Inc. Horizons - A Family Service Alliance Iowa Legal Aid Foundation IWLC - Iowa Women Lead Change Jane Boyd Community House Junior League of Cedar Rapids Kids First Law Center LBA Foundation March of Dimes Foundation Matthew 25 Mercy Medical Center Mercy Medical Center Foundation NAMI of Greater Des Moines National Council on Youth Leadership Olivet Neighborhood Mission Planned Parenthood of the Heartland Power of Women and Children Riders Club of America Safe Place Foundation Salvation Army of Cedar Rapids St. Luke's Health Care Foundation Systems Unlimited, Inc. Tanager Place The Arc of East Central Iowa The Freedom Foundation Variety - the Children's Charity of Iowa Waypoint Services for Women, Children and Families Wheelchair Ramp Accessibility Program Coalition Willis Dady Emergency Shelter Inc. Young Parents Network


Competitive grantmaking through the Community Foundation supports a variety of health and human service focused organizations in our communities. These organizations often fill needs and opportunities not met by for-profit or government institutions. In 2016, the Eastern Iowa Health Center began finalizing its plans to build the Eastern Iowa Dental Center – the first low-income dental clinic of its kind in Linn County. The Dental Center will provide essential, but often overlooked, dental health services to underserved populations. “Too often, when funds are tight, dental care needs are ignored,” says Dr. Stephanie Cooper. “These aren’t merely cosmetic procedures. Dental care really is essential healthcare.”

WE GRANT TO

HUMAN SERVICES ORGANIZATIONS TO GIVE PEOPLE HOPE FOR A BETTER LIFE Eastern Iowa Dental Center


Arts and cultural opportunities are supported through the Community Foundation’s competitive grantmaking. Nonprofit organizations in this sector bring valuable and diverse programing to residents. The Eastern Iowa Arts Academy provides a plethora of arts opportunities and resources to area youth. Jamie Barnes has been an active participant in the Academy’s programming for years, and has found it to be rewarding and inspiring. “This is so much more than what we get access to at school,” she says. “I was pretty antisocial before I started coming to the Academy. Now I sing in a band and help with recordings and art classes. I would never have been able to do all of this if the Academy wasn’t here.” Jamie explains, “It’s a great community and I feel at home here.” Jamie’s mom says that her daughter’s commitment to the organization doesn’t surprise her. She explains, “Jamie had a hard time finding a place where she really felt she belonged, and she has found that at the Academy. She’s really come out of her shell.”

WE MAKE

THE ARTS

AVAILABLE TO

ALL

MEMBERS OF OUR COMMUNITY


Community Foundation grantmaking supports a variety of nonprofit organizations that provide arts and cultural opportunities and performances in our community.

2016 COMPETITIVE GRANT RECIPIENTS African American Museum of Iowa Brucemore Cedar Rapids Museum of Art Cedar Rapids Opera Theatre Orchestra Iowa Theatre Cedar Rapids Cornell College Eastern Iowa Brass Band International Academy for Russian Music, Arts & Culture Legion Arts Inc. National Czech & Slovak Museum & Library Old Creamery Theatre Company Old Opera House Community Arts Council Red Cedar Chamber Music SPT Theatre Company The Hook

Eastern Iowa Arts Academy


Competitive grantmaking through the Community Foundation supports programming that betters our environment and cares for nature and animals. These grants ensure that the natural world in Linn County is vibrant and diverse. The Nature Conservancy is a global organization that works in Iowa to protect natural resources. Specifically, they have been working to help farmers and land owners implement best practices that protect our water sources; these efforts have a significant impact on the quantity and quality of water downstream in Linn County. Ann and Marlyn Jorgensen have been involved in agriculture their whole lives, ranging from farming corn and soybeans to raising hogs. Today, they continue to farm crops on their land north of Linn County. They’re deeply invested in the health of their land, as it provides them with income and recreation for their family. The couple works closely with The Nature Conservancy, both to utilize best practices on their own land and to encourage other farmers to adopt those practices. Water quality is a priority for Ann and Marlyn. They use a number of techniques to keep nitrates on their land and out of the water sources. “If we do our part at the start,” says Marlyn, “if everyone does their part, we can improve the water quality and its speed of travel.”

WE PROTECT THE

ENVIRONMENT TO ENSURE SUSTAINABILITY

The Nature Conservancy


The Community Foundation grants to organizations that help care for animals and our environment.

2016 COMPETITIVE GRANT RECIPIENTS Cedar Valley Humane Society Indian Creek Nature Center Linn County Conservation Board Monarch Research Project The Nature Conservancy Trees Forever


The Community Foundation serves as the charitable vehicle for a variety of community projects and programs and accepts contributions for efforts to better the lives of Linn County residents.

2016 COMPETITIVE GRANT RECIPIENTS City of Central City City of Walker Coggon Area Betterment Association Friends of Czech Village Corp. Junior League of Cedar Rapids Linn County Fair Association NewBoCo NewBo City Market Northwest Neighbors Neighborhood Association

OTHER INITIATIVES Cedar Rapids Metro Economic Alliance Foundation - Jobs and Small Business Recovery Fund 2016 City of Cedar Rapids - Cedar Rapids City Hall Mural Fund City of Cedar Rapids - Greene Square Revival Project Fund City of Cedar Rapids - Mobile Band Shell Project Friends of Cedar Lake MICRO Loan Program Reading into Success


The Community Foundation often serves as a convener and funder of larger community-based projects and collaborations that provide a public benefit. In addition to competitive grantmaking, the Community Foundation partnered with the City of Cedar Rapids and other community partners to bring a donor’s vision to life. Barry and Gilda Boyer approached the Community Foundation with an interest in funding a microloan program to support entrepreneurs in the area. Eventually a partnership formed and the MICRO program was established – leveraging both philanthropic and city dollars to give would-be business owners a head start and to revitalize in-need areas of our community. “You never know where your ideas are going to go, and I couldn’t be happier that this project has come to fruition,” reflects Barry. “There are people in this community who are willing to figure out how to do something if it makes sense, even if it’s never been done before.” So far, the MICRO program has provided seven loans to small businesses, including The Pig & Porter Restaurant in Cedar Rapids.

WE CONVENE PEOPLE AND FORM PARTNERSHIPS FOR

PUBLIC BENEFIT MICRO Loan Program


2.2% 1.8% 1.7%

2.5% 1.5% 1.3%

2.9%

4.2% 28.6%

16.6%

16.1%

18.5%

Total Assets: $149.3 Million

30.6%

38.5%

2016 Contributions: $12.5 Million 19.1%

20.9% 25.9% 25.7%

32.9%

Designated Funds — $42,686,331

Donor-Advised Funds — $4,828,360

Agency Funds — $38,413,221

Community Endowment Funds — $4,114,055

Community Endowment Funds — $31,200,726

Agency Funds — $2,311,361

Donor-Advised Funds — $24,823,928

Designated Funds — $ 523,321

Planned Gift Funds — $4,306,751

Field of Interest Funds — $275,053

Scholarship Funds — $3,664,436

Planned Gift Funds — $223,300

Field of Interest Funds — $2,249,155

Scholarship Funds — $210,088

Operating Funds — $1,992,953

PA RTNERS IN GIVING 15


“We support multiple charities and the Community Foundation simplifies this for us. We value the staff’s knowledge about community needs, as well as their expertise on giving options that have maximized our contributions and aided us in fulfilling our charitable intentions beyond our lifetime. And the tax advantages offered by the Community Foundation make our charitable gifts stretch even further” –Loren and Patti Coppock

WE HELP DONORS INVEST IN THE FUTURE OF OUR COMMUNITY TO

MAKE A LASTING DIFFERENCE


“Peer group provides an opportunity to network and share with other nonprofit professionals in our community. As a relatively new Executive Director, my peers have provided me with advice and support on a number of topics. I’ve been able to build relationships with seasoned nonprofit leaders, and I know they’re just a phone call away, if needed.” –Charity Tyler Executive Director Cedar Rapids Public Library Foundation The Nonprofit Network provides support and resources for nonprofit professionals in our community. The Network offers peer groups for professionals in similar positions to share ideas and learn from one another. In 2016, 35 peer groups were held for 203 participants. A free training series - called Nonprofit Know-How - provides a fast and focused learning opportunity for area nonprofit professionals and board members. Last year, three sessions were held reaching 108 attendees. The Network also promotes ongoing learning opportunities through an online calendar and a monthly email newsletter.

WE PROVIDE

GRANTS AND RESOURCES

TO HELP NONPROFITS FULFILL THEIR MISSIONS


TOTAL GRANTS AWARDED: $10 MILLION 10

23.7%

8

Increase

7 6 5 2013

2012

7%

2014

2015

2016

2%

Million

9

11%

31%

Human Service – ­­­$3,113,51599,336.37 Education – $1,958,049

2016 Grants Awarded by Sector

12%

Arts, Culture & Humanities – $1,745,646 Public/Society Benefit – $1,187,585 Health – $1,103,682 Environment/Animals – $736,011 Religion – $182,048

17%

20%

ST R ENGTHENING NO NPRO FITS 18


Designated Funds

Donor-Advised 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.

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

16

211

New Funds

Total Funds

11

214

New Funds

Total Funds

Bruce and Judy McGrath Endowed Donor-Advised Fund Byers Family Fund Byers Family Quasi-Endowed Fund Community 1st Credit Union Impact Giving Fund Gronstal-Kenney Fund Mary and Alan Huneke Fund Meyer Fund Patterson Family Endowed Fund Phil and Cherie Thompson Fund Phil and Cherie Thompson Quasi-Endowed Fund Schimberg Family Fund

Anna Purna Ghosh Kirkwood Scholarship Fund Brucemore Joseph and Kelly Costello Fourth Family Fund Brucemore Marguerite Sinclair Carson Fourth Family Fund Elijah James Wagner Fund Jobs and Small Business Recovery Fund 2016 Monarch and Pollinator Zones Fund Robert Van Cleave Scholarship Fund Roger and Thea Leslie Endowed Fund X United Way Barbara K. Klein and James D. Klein Fund United Way Duane and Laura Smith Family Fund United Way Gordon and Jean Epping Fund United Way Jared and Carol Hills Family Fund United Way Kevin and Kathy Knutson Family Fund United Way Mulholland Family Fund United Way Myron and Esther Wilson Fund West Side Rising Monument 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.

3

24

New Funds

Total Funds

Flood Fund 2016 Margaret I. Haupt Music Enrichment Fund Nonprofit Recovery Fund 2016

N E W FU NDS IN 2016 19


Agency Funds

Scholarship Funds

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

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

12

311

New Funds

Total Funds

2

39

New Funds

Total Funds

Dr. Ralph Plagman Scholarship Fund William and Patricia Buss Scholarship Fund

Anna Purna Ghosh Foundation Quasi-Endowed Fund Anna Purna Ghosh Foundation Quasi-Endowed Fund II Cedar Rapids Thursday Noon Lions Friends Fund Charlotte Bonaventure Fund for Theatre Cedar Rapids Kennedy Choral League Quasi-Endowed Fund Lyle Fisher Fund for Theatre Cedar Rapids Salvation Army of Cedar Rapids Endowment Fund Salvation Army of Cedar Rapids Friends Fund Tanager Place Friends Fund Terry L. Smith Family Endowment Fund Trees Forever Marty Andreas Fund Willis Dady Endowment Challenge Fund

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.

1

63

New Fund

Total Funds

Allen R. and Paula Chapman Fund

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

NEW FU NDS IN 2016 20


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 2016 William and Patricia Buss Janice and Scott Byers Joseph and Kelly Costello Gordon and Jean Epping Margaret Haupt Jared and Carol Hills Howard Jessen Maureen Kenney Barbara and James Klein Kevin and Kathy Knutson Emily Meyer Tim Meyer Kathleen and Ed Mulholland David and Carolyn Oliver Charlie and Lisa Schimberg Phil and Cherie Thompson

W IL L IA M QUARTO N HERITAGE S O C IETY 21


“This community is

PROFESSIONAL ADVISOR blessed to have had so many committed philanthropists over the years, and it’s an honor to help clients carry on that legacy. It’s a great community in that way, and something to be proud of.” – Kathleen Donnelly Senior Vice President First Community Trust

WE PARTNER WITH

PROFESSIONAL ADVISORS

TO FURTHER PHILANTHROPY IN OUR COMMUNITY


2015

2016

ASSETS Cash and cash equivalents Receivables, contributions, grants and bequests, net Prepaid expenses Investments Interests in real estate Property and equipment, net Cash value of life insurance 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

$

Net assets: Unrestricted net assets Temporarily restricted Total net assets

2,122,088 438,782 16,972 142,867,678 2,096,000 1,518,040 277,940 149,337,500

$

17,026 57,030 7,667 2,145,573 31,146,548 33,373,844

$

$

114,313,021 1,650,635 115,963,656 $

TOTAL LIABILITIES AND NET ASSETS

149,337,500

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

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

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.

STAT EMENT O F FINANC IAL PO S ITIO N 23


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 The Endowment Pool is a long-term investment option; and capital appreciation is the primary goal.

7.3%

1.9%

5.9%

7.0%

1 year

3 year

5 year

Since inception (1/94)

MODERATE POOL The Moderate Pool is designed to have a lower return and lower risk profile than the Endowment Pool.

8.1%

3.1%

4.2%

1 year

3 year

Since inception (9/13)

CONSERVATIVE POOL In the Conservative Pool, the preservation of capital is more important than maximizing returns.

4.0%

2.5%

3.2%

4.5%

1 year

3 year

5 year

Since inception (1/94)

3.5%

6.2% 13.7%

8.5%

10.1%

44.7% 57%

58.4%

23.1%

41.7%

Endowment Pool Global Equity

33.1%

Moderate Pool Global Fixed

Conservative Pool

Diversifying Strategies

Other

INV ESTMENT PERFO RMANC E 24


2016 Board Kevin Welu, Chair Terri Christoffersen, Chair-Elect Chris Skogman, Past Chair Amy Lynch, Treasurer Brent Cobb, Secretary

Lydia Brown Karl Cassell John Chaimov Patrick DePalma Greg Dunn Tiffany Earl

Sara Fisette Peggy Hardesty Maureen Kenney Kate Minette Julie Nosek Sue Olson

John Osako Charlie Schimberg Oather Taylor

Staff Administration Les Garner, President & CEO Amy Logsdon, Executive Assistant and Donor Relations Officer

Programs Karla Twedt-Ball, Senior Vice President, Programs and Community Investment Jenny Becker, Director of Grant Programs Elizabeth Cwik, Program Officer Rochelle Naylor, Program Officer Bernadette Gladish, Program Assistant Carrie Walker, Nonprofit Network Coordinator

Development Michelle Beisker, Vice President of Development Josie Velles, Director of Development Services Susan Willey, Director of Planned Giving Laura Booth, Donor Relations Officer Christi Smeed, Development Assistant

Marketing Corinne Ramler, Director of Marketing and Communications Amber Waring, Marketing Associate Kathryn Stack, Content Associate

Finance Jean Brenneman, Chief Financial Officer Emmylou Ball, Controller 25


Committees Capacity Fund Committee Brent Cobb, Chair Lydia Brown Ryan Buresh Susan Corrigan Cathy Gullickson James Klein Chris Lindell Jessica Link Kate Minette Charlie Schimberg Development Committee Terri Christoffersen, Chair John Bickel Brent Cobb Loren Coppock Greg Dunn Kate Minette Cheryle Mitvalsky Chris Skogman Executive Committee Kevin Welu, Chair Terri Christoffersen, Chair Elect Chris Skogman, Past Chair Amy Lynch, Treasurer Brent Cobb, Secretary Lydia Brown Maureen Kenney Julie Nosek John Osako Grantmaking and Community Leadership Committee John Osako, Chair Karl Cassell

John Chaimov Peggy Hardesty Sue Olson Lorna Barnes John Wasta Ruth White

Casey Prince Okpara Rice Jenny Schulz Sean Ulmer

Investment Committee Julie Nosek, Chair Patrick DePalma Maureen Kenney Amy Lynch Greg Neumeyer Denny Redmond Kevin Welu Linn County Fund Committee Julie Nosek, Chair Jamie Cummins Jason Edwards Cindy Espe Donna McCullough Charles McDonnell Judy McIntosh Nonprofit Network Advisory Committee David Janssen, Chair Jenny Becker Jeff Capps Karl Cassell Sara Fisette Kathy Hall Norah Hammond Jenifer Hanson John Myers Quinn Pettifer

26

Program Fund Committee John Osako, Chair John Chaimov Sara Fisette Peggy Hardesty Sue Olson Kurt Rogahn Oather Taylor Ruth White Scholarship Committee Fred Althoff Marcia Hughes Amy March Lynn Ocken Valerie Taylor Hill Lisa Thirnbeck Myron Williams


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

Profile for Greater Cedar Rapids Community Foundation

Annual Report 2016  

2016 Annual Report

Annual Report 2016  

2016 Annual Report

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