ANNUAL REPORT 2017
Because of you… Because of you, our community sustains an impressive capacity to address our greatest opportunities and challenges. Together, we solve problems, build collaborations, and ensure our future. It’s a pleasure to recognize your gifts, your involvement, and your desire for change. We are proud to be your partner. In 2017, your gifts totaled over $14 million and over $9 million in grant funding was awarded to 500 nonprofit organizations. We’re grateful to you and we’re proud to serve you. Because of you,
we’re making a lasting difference. Terri Christoffersen Board Chair
Les Garner President & CEO
Your commitment. Your community.
$173.2 MILLION IN TOTAL ASSETS
870 TOTAL NUMBER OF FUNDS
$114 MIL L I O N I N TOTAL GRANTS AWARDED SINCE INCEPTION
African American Museum of Iowa
ARTS & CULTURE Because of donors like you, the Community Foundation’s grantmaking supports arts and cultural opportunities in Linn County. These organizations provide valuable and diverse programming to our community. The African American Museum of Iowa works to bring the stories of African American Iowans’ experiences to communities throughout the state. The museum facility, located in Cedar Rapids, houses an extensive collection of artifacts and exhibits that serve to tell these stories. Anthony Arrington, a lifelong Cedar Rapidian, sees the sharing of these stories as essential in building dialogue around race. Prior to the formation of the museum, black leaders in Cedar Rapids often reached out to Anthony and his peers to educate and inspire them.
“I was fortunate that my uncle was a civil rights activist here for years, and he and a group of other black men used to try to teach us about our identity growing up,” Anthony explains. “They tried to teach us about our blackness.” Later, these leaders founded the museum in an effort to expand their work. Today, the African American Museum of Iowa remains dedicated to preserving and teaching the African American history of Iowa. As LaNisha Cassell, the Executive Director, explains, “Knowing the past helps you understand where things are today and where they could go in the future. Our history is a shared history, and the founders of the museum wanted to bring those shared stories to life.”
When I was in high school, black history was not taught, and I did not have a sense of BLACK HISTORY IN IOWA. – Anthony Arrington
Cedar Rapids Public Library Foundation
EDUCATION Education opportunities are supported through the Community Foundation’s grantmaking. In addition, donors like you have established funds or given to existing funds to support educational opportunities they feel passionate about. The Cedar Rapids Public Library Foundation has made Dolly Parton’s Imagination Library available to children in Cedar Rapids. This program allows children ages 0-5 to enroll at any time, and to have one book per month mailed to the child’s home. The Library Foundation covers the cost of the book and the mailing through a partnership with the Dollywood Foundation, which manages the fulfillment process.
“This is one of those programs that has proven to show results around the world,” explains Charity Tyler, Executive Director of the Library Foundation. “The programs in other communities have seen families reading more to their children. Children who participate in Imagination Library outscore their non-Imagination Library peers in reading scores in first and third grades.” The Library Foundation is enrolling children and raising funds to support the project.
This is giving the GIFT OF LITERACY to children in our community. It’s simple, but it’s big. – Charity Tyler
Paul and Jennifer Morf
ENVIRONMENT Grantmaking through the Community Foundation supports programing that betters our environment and cares for nature and animals. This grantmaking ensures that the natural world in Linn County is vibrant and diverse. Donors like you can also establish funds or give to existing funds to support environmental efforts. Paul and Jennifer Morf have worked with the Community Foundation to support work they care about, including projects related to preserving and expanding Iowa’s native ecosystems and wildlife habitat. “Most of Iowa was converted from prairie to row-crop agriculture in a few short decades of the late 19th century,” Paul explains. “Of course, Iowa should and will remain the breadbasket of the world, but we also need to make sure that it remains a healthy and rewarding place to live and raise a family.” Paul and Jennifer have established prairie, woodlands, and wetlands on their Linn
County “farm,” and they are pleased to report that over 150 species of birds have taken advantage of these habitats over the last two years. They have also partnered with the Community Foundation where they hold funds that make annual contributions to the Iowa Natural Heritage Foundation, the Nature Conservancy, and the Indian Creek Nature Center. “We like knowing that our funds at the Community Foundation will still be supporting habitat long after we are gone, and we appreciate the ability to pool our small charitable funds with those of others to minimize cost and optimize long-term return on investment,” Paul says. “The Community Foundation allows regular folks like us to be philanthropists in our own small way, and to plan our charitable legacy with the same intentionality and care that we plan for retirement and our children’s college education.”
For the health of people and the planet, we need to maintain some WILD PLACES. – Paul Morf
Iowa Legal Aid
HEALTH & HUMAN SERVICES Your gifts make our grantmaking possible for a variety of health and human servicefocused organizations in our community. These organizations offer programs that support the needs and opportunities not met by for-profit or government agencies. Iowa Legal Aid is a nonprofit organization that helps Iowans who have limited income and assets or who are age 60 or older. They assist eligible clients with civil, non-criminal legal problems, at no cost to the clients. In Linn County alone, there are seven staff attorneys and over two hundred volunteer attorneys.
“I have heard clients say they owe their lives to our work, and it reminds me of the responsibility we have,” says staff attorney and Cedar Rapids Director, Jim Kringlen. Kringlen acknowledges that without the services of Iowa Legal Aid, many clients would go to court alone or not at all. He has seen cases where people avoid court due to fear and lack of information or lose cases they should have won had they had access to representation. “A lot of bad things can happen when people need a lawyer, and they don’t have one,” he says.
Lawyers, as a profession, have an OBLIGATION TO HELP those who cannot afford it. – Jim Kringlen
Mount Vernon Fire Department
PUBLIC BENEFIT Working on your behalf, the Community Foundation often serves as a convener and funder of larger community-based projects and collaborations that provide a public benefit. Area nonprofit organizations can establish funds to support fundraising efforts for public resources and projects. The Mount Vernon Fire Department, a volunteer-based organization, established the Mount Vernon Volunteer Firefighters Association Fund at the Community Foundation. Their fund allows them to keep state and privately raised finances separate, so they can fundraise more efficiently in their community. Annual community outreach events like the group’s chili cook-off and pancake breakfast allow the Fire Department to raise money. These funds support the needs of the
Department as they arise and they allow firefighters to purchase needed technology and life-saving equipment. Many of the volunteer firefighters have deep ties to Mount Vernon, and their service continues a family tradition. Derek Boren, for example, is a third-generation volunteer firefighter. “My grandpa was a Captain of this Department,” he explains. “When I moved back after college, a lot of my friends were already volunteering. I guess you could say the firebug bit me.” Boren finds significant meaning in his volunteer work. “When someone calls 911, they expect someone to be there to help. In Mount Vernon, it’s volunteers that do that,” he explains.
People have busy lives, but volunteering does make the world A BETTER PLACE. – Derek Boren
The Numbers Asset Growth Over the Years
MI LLI O N
Assets by Fund Type 1.1%
Field of Interest Funds Scholarship Funds
Planned Gift Funds
Community Endowment Funds
Total Grants Awarded 12
10 8 6 4 2
2017 Grants Awarded by Sector 3.5 33% 3.0 2.5
Arts, Culture & Humanities
Public/ Society Benefit
Your Community Foundation in 2017
Over 85 nonprofit professionals gathered for fast, free and focused learning opportunities called Nonprofit Know-Hows offered by the Community Foundationâ€™s Nonprofit Network.
Over 300 people gathered to celebrate good people doing good work in area nonprofits at the annual Celebration of Community event on November 15, 2017 at NewBo City Market. Nonprofit excellence awards were presented to Shannon Ramsay, Trees Forever and Tara Richards, Brucemore, Inc.
The early reading proficiency efforts to impact the long-term success of students continues. Reading into Success, the local initiative for the national Campaign for Grade Level Reading, celebrated its third year of community engagement.
The MICRO collaboration, a loan program to support entrepreneurs and small businesses with start-up or expansions, has provided loans to eleven entrepreneurs â€“ including Modâ€™s Market, a convenience store in downtown Cedar Rapids.
Ensuring Our Future
The William Quarton Heritage Society is a premier giving society of over 400 philanthropists with a shared belief in the power of giving. Members gathered to celebrate at the annual luncheon on June 22, 2017.
Responding to Needs and Opportunities
Over 500 nonprofit organizations, 89 students, and 68 teachers received funding or scholarships to help with needs and opportunities.
Listening and Learning
The Community Foundation continues its participation in the Philanthropic Preparedness, Resiliency and Emergency Partnership - a learning cohort of community foundations from across the Midwest. Participants learn and share strategies of how to best support their communities before and after disasters.
Donors, fund holders, professional advisors, nonprofit organizations, government officials, and community organizations access the Community Foundation to begin conversations about ideas and charitable desires that may guide the future of our community.
Derek and Molly Altorfer
GENEROUS DONORS Donors who give through the Community Foundation are people like you, people who are interested in giving back to our community and want to make a difference. For Derek and Molly Altorfer, philanthropy is an essential way of life. The couple credit their parents’ example and early experiences at service-oriented colleges for giving them the perspective and motivation to pursue volunteerism and charity. In 2006, Derek and Molly moved back to their hometown of Cedar Rapids, and Derek was able to take a position within the family business. The couple wanted to settle in
their hometown because of the close-knit community and access to family. In 2016, Derek became the President of Altorfer Inc., his family’s business. Derek’s grandfather had established the business in 1957. Today, Altorfer Inc. has expanded its territory and grown to 750 employees. Both the family and company’s philanthropy are integral to the Altorfer legacy. “We have a great customer base and to be able to give back to the community that supports us so much means a lot,” says Derek. “We understand how important it is.”
When we get grant requests, IT IS ALMOST LIKE CHRISTMAS. You get to see all these places where you could give and know they’ll put those funds to good use. — Derek and Molly Altorfer
YOUR GIVING ENSURES OUR FUTURE We are proud to help you create a legacy through philanthropy. Your gifts in 2017 will make a lasting difference in our community.
$14.6 Million Total Gifts Received
74 New Funds Created
Number of Gifts 24
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 2017 Andrew and Elizabeth Aalderks Michelle and Craig Beisker Jim and Brenda Clancy Grace and Dennis Ferreter Al and Ellen Fisher Daryl and Leslie Julich Martha Kane *Deceased
Lyle Moen and Nancy Rash Kristin and Jim Novak Mark Ogden and Iris Muchmore Craig and Jean Smith Rodney* and Rosalie Strang Julie Van Camp Mary Joan Zirbel
PROFESSIONAL ADVISOR PARTNERS We are proud to partner with your professional advisors to share knowledge about community needs, tax advantages and ways to give to further your philanthropy. Todd Anderson of Elderkin & Pirnie, PLC serves clients with charitable intentions by partnering with the Community Foundation.
Clients come back from the Foundation with a very clear understanding of their options and there is a little excitement in their eyes. They are excited about the options that are available to them to accomplish their CHARITABLE GOALS. â€“ Todd Anderson
Todd Anderson, Elderkin & Pirnie, PLC
Akwi Nji, Nonprofit Know-How Presenter
STRONG NONPROFITS On October 10, 2017, Akwi Nji, Executive Director of The Hook and Director of Communications for the Cedar Rapids Community School District, shared storytelling tips with almost 40 nonprofit professionals. The Nonprofit Know-How session helped nonprofits consider how
to enhance their storytelling techniques, along with exploring the various mediums to share those stories. The learning sessions are provided by the Nonprofit Network, a program of the Community Foundation that provides a point of connection and resources for local nonprofit professionals.
WOW! Our organization really needed this! â€” Nonprofit Know-How: Storytelling Workshop Attendee
Your contributions provide grants and support to help nonprofits fulfill their missions.
Nonprofit Peer Groups with 601 total attendance
Nonprofit Know-How learning sessions held for 85 attendees 30
Competitive Grant Recipients in 2017 Arts & Culture
African American Museum of Iowa Brucemore Inc. Cedar Rapids Museum of Art Cedar Rapids Opera Theatre Harmony School of Music, Inc. International Academy for Russian Music, Arts & Culture Legion Arts Inc. National Czech & Slovak Museum & Library Old Creamery Theatre Company Orchestra Iowa Red Cedar Chamber Music Save Cedar Rapids Heritage SPT Theatre Company The History Center Theatre Cedar Rapids
Cedar Valley Humane Society Eye 380 Indian Creek Nature Center Iowa Valley Resource Conservation & Development Monarch Research Project Nature Conservancy Trees Forever
Education Cedar Amateur Astronomers Inc. Cedar Rapids Community School District Foundation Cedar Rapids Public Library Foundation Coe College College Community School District Eastern Iowa Arts Academy Iowa College Access Network Iowa College Foundation ISU Extension & Outreach - Linn County Kirkwood Community College Foundation NewBoCo The Teacher Store
Health & Human Services Aging Services, Inc. Alzheimer’s Association - East Central Iowa Chapter American Heart Association American National Red Cross Serving Greater Iowa Area Substance Abuse Council Best Buddies International Inc. Best Buddies Iowa Big Brothers Big Sisters of Cedar Rapids & East Central Iowa, Inc. Boys and Girls Club of Cedar Rapids Bridgehaven Pregnancy Support Center Camp Courageous of Iowa Catherine McAuley Center Inc. Cedar Valley Habitat for Humanity Center for Disaster Philanthropy Chelsey’s Dream Foundation Children’s Cancer Connection City of Central City Community Health Free Clinic Deaf Iowans Against Abuse Inc. Deafinitely Dogs Inc. Discovery Living Inc. Eastern Iowa Chapter JDRF Eastern Iowa Health Center Families Helping Families of Iowa First Lutheran Church Foundation 2 Inc.
Four Oaks Family & Childrenâ€™s Services Friends of the Family Gems of Hope Girl Scouts of Eastern Iowa and Western Illinois Inc. Girls on the Run of Eastern Iowa Hawkeye Area Community Action Program Henry Davison Youth Center Inc. Hillcrest Family Services His Hands Free Medical Clinic Horizons - A Family Service Alliance Intercultural Center of Iowa Iowa JAG Inc. Iowa Legal Aid Iowa Professional Society on the Abuse of Children Jane Boyd Community House Junior Achievement of Eastern Iowa Kids First Law Center LBA Foundation Leukemia & Lymphoma Society Iowa Chapter Linn County Public Health Dept. Matthew 25 Mercy Medical Center Foundation Muscular Dystrophy Association - Iowa National Council on Youth Leadership National Resilience Institute Neighborhood Meal & Enrichment Program NewBo City Market Olivet Neighborhood Mission Planned Parenthood of the Heartland, Inc. Riders Club of America
Riverview Center Inc. Robins Firefighters Association Safe Place Foundation Salvation Army of Cedar Rapids Southeast Linn Community Center Corporation Tanager Place The Arc of East Central Iowa The Freedom Foundation Variety - the Childrenâ€™s Charity of Iowa - Eastern Iowa Waypoint Services for Women, Children and Families Willis Dady Emergency Shelter Inc. YMCA of the Cedar Rapids Metropolitan Area YPN Zach Johnson Foundation
Public Benefit City of Walker Coggon Area Betterment Association ConnectCR East Central Iowa Council of Governments Friends of Czech Village Northwest Neighbors Neighborhood Association The Miami Foundation
For a complete list of competitive grant recipients, visit www.gcrcf.org.
Funds Established in 2017 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 will receive annual distributions from the fund. Adrienne Smith Scholarship Fund Al Kane Cedar Valley Humane Society Fund Chris and Suzy DeWolf Family CR McKinley Middle School Performing Arts Fund Chris and Suzy DeWolf Family CR Washington High School Performing Arts Fund Creative Leaps Project Fund Friends of Crescent Pond Fund Gordon and Jann Baustian Wartburg College Fund Gordon and Jean Epping United Way Fund II Hiawatha Public Library Earl Family Fund Indian Creek Nature Center Joy Kim Fisher Memorial Fund John and Dyan Smith United Way of East Central Iowa Fund Myron and Esther Wilson Designated Fund Paul and Jennifer Morf Endowed Fund for Indian Creek Nature Center Paul and Jennifer Morf Endowed Fund for the Nature Conservancy in Iowa Pearl A. and Rodney W. Speicher Fund for Music for St. Paul’s UMC Richard and Alice Houmes Scholarship Fund Trees Forever Lyle J. Moen and Nancy J. Rash Fund United Way Kyle and Susan Skogman Fund United Way The Jared and Carol Hills Foundation Fund
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. Aalderks Foundation Chris and Suzy DeWolf Family DonorAdvised Fund Craig and Jean Smith Family Fund Hall-Pitts Family Fund James and Brenda Clancy Family Fund John and Christine North Donor-Advised Fund Kölln Family Fund Mark H. Ogden and Iris E. Muchmore Fund Paul and Jennifer Morf Fund Robert P Zirbel Family Fund Tom and Christine Pientok Family 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. Henry E. Haegg Fund
Agency Funds Agency Funds provide nonprofit organizations with general operating support, stability during cyclical variances in income, and financial support for areas of high importance to the organization. Community Health Free Clinic QuasiEndowed Fund II Dr. Eugene and Carleen Grandon Indian Creek Nature Center Endowment Fund Eastern Iowa Arts Academy Endowment Fund First Lutheran Church Endowment Fund Goodwill Community Solutions Quasi-Endowed Fund Goodwill of the Heartland Endowment Fund His Hands Free Clinic Endowment Fund Iowa Legal Aid Foundation Endowment Challenge Fund Jean Overton Fund for Theatre Cedar Rapids National Czech & Slovak Museum & Library Endowment Challenge Fund Peoples Church Music and Worship Endowment Fund
Field of Interest Funds This fund type allows donors to make contributions to specific areas 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.
Scholarship Funds This fund type is used by donors to help students achieve their educational goals through scholarships.
For a complete list of donors and funds, visit www.gcrcf.org.
Statement of Financial Position ASSETS Cash and cash equivalents Certificates of deposit 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 TOTAL LIABILITIES AND NET ASSETS
5,059,659 750,000 97,123 21,668 164,959,413 576,000 1,453,434 310,586 173,227,883
24,609 63,497 500,341 1,712,383 38,831,232 41,132,062
130,057,444 2,038,377 132,095,821 $
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 $
The audited financial statements and the most recently filed Form 990 are available on the Community Foundationâ€™s website, www.gcrcf.org, or may be obtained by calling 319.366.2862.
Investment Performance The Greater Cedar Rapids Community Foundation offers four 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 generate optimal returns while mitigating volatility.
The Endowment Pool is a long-term investment option; and capital appreciation is the primary goal.
In this long-term ESG Pool, investment managers consider Environmental, Social and Governance factors.
Since inception (1/94)
55% Global Fixed
The Moderate Pool is designed to have a lower return and lower risk profile than the Endowment Pool.
In the Conservative Pool, the preservation of capital is more important than maximizing returns.
Since inception (9/13)
Global Equity Global Fixed
Since inception (7/98)
Board of Directors Terri Christoffersen, Chair Brent Cobb, Chair-Elect Kevin Welu, Past Chair Amy Lynch, Treasurer Maureen Kenney, Secretary Lydia Brown Karl Cassell Patrick DePalma Rodrick Dooley Greg Dunn Peggy Hardesty
Salma Igram Chris Lindell Kate Minette Julie Nosek Sue Olson John Osako Charlie Schimberg Chris Skogman Oather Taylor
Les Garner, President & CEO Amy Logsdon, Executive Assistant and Donor Relations Officer
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
Jean Brenneman, Chief Financial Officer Emmylou Ball, Controller Latonja Scott, Accountant
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
Corinne Ramler, Director of Marketing and Communications Amber Waring, Marketing Associate Kathryn Stack, Content Associate
Affiliate and Partner Community Foundations Community Foundation of Washington County Keokuk Area Community Foundation Wapello County Foundation
Committees Executive Committee
Terri Christoffersen, Chair Brent Cobb, Chair-Elect Kevin Welu, Past Chair Amy Lynch, Treasurer Maureen Kenney, Secretary Lydia Brown Kate Minette Julie Nosek John Osako Oather Taylor
Development Committee Kate Minette, Chair John Bickel Terri Christoffersen Brent Cobb Loren Coppock Greg Dunn Chris Lindell Charlie Schimberg Chris Skogman
Investment Committee Julie Nosek, Chair Patrick DePalma Maureen Kenney Amy Lynch Greg Neumeyer Denny Redmond Kevin Welu
Grantmaking and Community Leadership Committee John Osako, Chair Lorna Barnes Karl Cassell John Chaimov Terri Christoffersen Rod Dooley Peggy Hardesty Salma Igram Sue Olson John Wasta Ruth White Kevin Welu
Capacity Fund Committee Brent Cobb, Chair Lydia Brown Ryan Buresh Susan Corrigan Chris Lindell James Klein Jessica Link Dee Ann Rexroat Charlie Schimberg
Program Fund Committee John Osako, Chair John Chaimov Brian Christoffersen Rod Dooley Sara Fisette Peggy Hardesty Salma Igram Sue Olson Maura Pilcher Oather Taylor Kurt Rogahn Ruth White
Scholarship Committee Fred Althoff Valerie Taylor Hill Marcia Hughes Kathleen Kleiman Amy March Lynn Ocken Lisa Thirnbeck Susanna Wendler Myron Williams
Nonprofit Network Advisory Council Jeff Capps, Chair Karl Cassell Kathy Hall Norah Hammond Jenifer Hanson David Janssen John Myers Quinn Pettifer Casey Prince Okpara Rice Jenny Schulz Sean Ulmer
Agency Investment Advisory Council
Cedar Rapids Museum of Art Community Health Free Clinic Discovery Living Four Oaks Gems of Hope Indian Creek Nature Center Lutheran Services in Iowa Orchestra Iowa/CRSO Foundation The Arc of East Central Iowa The History Center Theatre Cedar Rapids Westminster Presbyterian Church Willis Dady Emergency Shelter
Linn County Fund Committee Julie Nosek, Chair Fred Althoff Amy Clefisch Mary Junge Maureen Kenney Joel Rochleau
324 3rd Street SE Cedar Rapids, IA 52401 319.366.2862 | www.gcrcf.org