2014 Report to the Community

2014 REPORT TO THE COMMUNITY

1

TABLE OF CONTENTS

WHERE CHARITABLE GIFTS MULTIPLY FOR COMMUNITY GOOD.

2

6

10

13

15

25

34

37

CREATING A VIBRANT COMMUNITY

FINANCIAL SUMMARY

INVESTMENT SUMMARY

GRANTS AND NONPROFITS

LIST OF NEW FUNDS

YEAR IN REVIEW

BOARD, STAFF AND COMMITTEES

3

YOUR GENEROSITY IS STRENGTHENING OUR COMMUNITY...

TODAY AND TOMORROW. 4

Dear Friends, The Community Foundation aspires to leverage charitable giving to create a community everyone can be proud to call home.

In 2014, we opened 70 new funds and received contributions of nearly $8 million. We awarded $7.3 million in grants, one of the largest annual distributions in our history. We made grants to nearly 370 nonprofits and public organizations, each of which strives for community betterment.

The Community Foundation provides leadership in areas where private philanthropy plays an important role. During 2014, we continued to serve as a leader in disaster preparedness and recovery through our participation in regional and national efforts to develop community resilience. Late in the year, we agreed to be a partner in the effort to bring the national Campaign for Grade Level Reading, known locally as Reading into Success, to our community.

The Community Foundation is committed to strengthening community through endowment building, grantmaking and philanthropic leadership. We are grateful for your continued generosity in helping to improve the community we call home.

LOREN L. COPPOCK Board Chair

LES H. GARNER President & CEO

5

CREATING a vibrant COMMUNITY TOTAL ASSETS

$

142 MILLION

TOTAL FUNDS

744

TOTAL GRANTS AWARDED SINCE INCEPTION IN 1992

$ 6

87 MILLION

GENEROUS DONORS

INFOGR

$

7.7 MILLION TOTAL CONTRIBUTIONS RECEIVED

1,029 CONTRIBUTIONS

70

NEW FUNDS

2.8%

ENDOWMENT POOL ONE-YEAR INVESTMENT RETURN

WE CAN DO MORE

STRONGER NONPROFITS

RAPHIC $

7.3 MILLION

$

TOTAL GRANTS AWARDED

367

FUNDS FOR THE COMMUNITY GRANTS REQUESTED

1.4 MILLION

$

NONPROFIT AND PUBLIC ORGANIZATIONS

$

91,400

TOTAL AMOUNT OF SCHOLARSHIPS THROUGH 89 AWARDS

3.1 MILLION

FUNDED

$

1.7 MILLION TOTAL UNFUNDED REQUESTS

7

DONOR PICTURE

“The year our son was diagnosed with Type One Diabetes, we wanted to make an impact by funding research through the Juvenile Diabetes Research Foundation. By giving through the Community Foundation, we were able to do that effectively, and were able to demonstrate for our children the value of giving by example.�

- Greg and Debbie Neumeyer 8

For more than 60 years, the Greater Cedar Rapids Community Foundation has provided donors with personalized service, strategic investments and community knowledge.

WE ARE PROUD TO HELP YOU HELP YOUR COMMUNITY THROUGH PHILANTHROPY. 9

FINANCIAL SUMMARY STATEMENT 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 Accounts payable Accrued expense Grants payable, primarily due within one year Amounts due under annuity and unitrust agreements Amounts held on behalf of others Total Liabilities

2014 $

$

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

2013 $

$

2,241,708 390,600 12,252 133,445,521 1,684,452 269,124 1,117,722 139,161,379

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 2014 financial statements.

FORM 990 $

$

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

$

$

9,869 18,059 220,121 2,031,642 28,628,479 30,908,170

Net Assets Unrestricted: Operating Endowed Non-endowed Total unrestricted net assets

1,142,883 104,418,805 2,319,088 107,880,776

911,337 102,892,673 2,261,709 106,065,719

Temporarily restricted Total net assets

2,360,221 110,240,997

2,187,490 108,253,209

TOTAL LIABILITIES AND NET ASSETS

AUDIT

$

142,031,905

$

The Greater Cedar Rapids Community Foundation will submit a 2014 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.

139,161,379

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.

10

PARTNERS IN GIVING Your generosity, coupled with steady investment performance, contributed to steady growth in 2014.

MILLIONS

GROWTH OF ASSETS

$111

$112

2010

2011

$142

2013

2014

$123

2012

2014 CONTRIBUTIONS

TOTAL ASSETS

CGA & CRT $9,000 .1%

Operating Funds $1,837,286 CGA & CRT 1.3% $4,613,014

Operating Funds $22,500 .3% Designated Funds $1,330,743

3.2%

Donor-Advised Funds $22,407,792

15.8% Field of Interest Funds $2,153,828 1.5%

2.5% Scholarship Funds $3,519,942

31.4%

17.3%

Designated Funds $44,523,214

.8% Scholarship Funds $60,298 Donor-Advised Funds $3,315,245

19.2% Community Endowment Funds $27,326,177

$140

Agency Funds $35,641,651

43.1% Community Endowment Funds $20,696 .3%

35%

Agency Funds $2,692,421

25.1% 3.1% Field of Interest Funds $236,259

11

“When I was a girl, I loved to sing. It’s important to me that children in our community have access to theatre and music opportunities. I like knowing the Community Foundation will honor my intentions long after I am gone.�

-Jewel Plumb

12

INVESTMENT POOLS AND 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 are carefully constructed and diversified across global investment opportunities to attempt to generate optimal returns while mitigating volatility. Our size provides access to best in class investment managers and alternative investment strategies available only to large institutional investors. Our professional investment consulting firm provides prudent and careful stewardship of the assets entrusted to them. It is the Community Foundation’s Investment Committee and Board of Directors that determine investment policies and provide important guidance and oversight.

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

1 YEAR

3 YEAR

5 YEAR

SINCE INCEPTION (7/98)

2.8%

9.0%

7.5%

7.6%

4.4%

4.1%

4.1%

4.6%

4.8%

*Investment Return as of December 31, 2014 ASSET ALLOCATION

ASSET ALLOCATION Cash 1% Real Assets

3%

15% 1% Cash 46%

Global Equity

ASSET ALLOCATION Diversifying Strategies

8%

9%

Global Equity

Real Assets Global 16% Fixed

Diversifying Strategies

45%

Global Equity

56% Global Fixed

Global Fixed

Cash

36%

42%

22%

13

THE ARC OF EAST CENTRAL IOWA MISSION: To empower people with intellectual and related disabilities to engage in lifelong opportunities to live, learn, work and play with dignity, freedom and full inclusion in their communities.

NEED: To build an endowment capable of sheltering the Arc’s critical services from unexpected changes in funding opportunities.

14

IMPACT: The Arc received an endowment matching grant to leverage gifts toward their new endowment building efforts. When the Arc began conversations with its donors, the response to the 1:3 match from the Community Foundation, in addition to the ability to receive tax benefits through the Endow Iowa Tax Credit Program, was appealing to donors and is helping them achieve their endowment goal.

GRANTMAKING OUR COMMUNITY IMPACT IS GROWING The Community Foundation grants strengthen individual nonprofits and build a strong network of nonprofits to support a healthy and vibrant Linn County.

TOTAL GRANTS AWARDED

22%

MILLION

8

INCREASE

7 6 5 2010

2011

2012

2013

2014

2%

2014 GRANTS AWARDED BY SECTOR

Religion

22%

21%

10%

9%

26%

10%

Arts, Culture & Humanities

Education

Environment, Animals

Health 9%

Human Services

Public/Society Benefit

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.

15

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.

ENDOWMENT CHALLENGE FUND

ORGANIZATIONAL DEVELOPMENT FUND

Supports nonprofits in strengthening their ability to carry out their mission.

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

$900,000 $167,000 $50,000 AWARDED

$2.4 M REQUESTED

AWARDED

AWARDED

$266,000 $50,000 REQUESTED

REQUESTED

PRESIDENT’S FUND

Supports the immediate needs of nonprofits.

LINN COUNTY FUND

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

FUND FOR EDUCATIONAL EXCELLENCE

Supports projects which are innovative and creative responses to the changing needs of students.

$41,000 $229,000 $12,500 AWARDED

AWARDED

AWARDED

$62,000 $303,000 $13,200 REQUESTED

REQUESTED

REQUESTED

FUNDS FOR THE COMMUNITY GRANTS AWARDED BY SECTOR

16

16%

11%

7%

15%

38%

13%

Arts, Culture & Humanities

Education

Environment, Animals

Health

Human Services

Public/Society Benefit

OAK HILL JACKSON NEIGHBORHOOD ASSOCIATION MISSION: To serve the residents and businesses who make up the Oak Hill Jackson neighborhood in Cedar Rapids.

NEED: To sustain its resource center at Saint Wenceslaus Church which provides referrals and programming to the Oak Hill Jackson residents, many of whom face transportation and income barriers.

IMPACT: A two-year grant allowed the Oak Hill Jackson Neighborhood Association to continue to connect community members to valuable resources and provide various programming opportunities for children and families.

17

COMPETITIVE DONOR-ADVISED FUNDS The Community Foundation accepts grant applications for a number of local corporations and families. Funding priorities are determined by each donoradvisor. We are proud to help these philanthropic corporations and families administer their charitable giving.

ALTORFER, INC.

BLOOMHALL FAMILY

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.

GREATAMERICA FINANCIAL SERVICES CORPORATION

LIL’ DRUG STORE PRODUCTS

Applications are accepted in all categories.

Applications are accepted in all categories.

DIAMOND V

CRST INTERNATIONAL

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

MCGRATH AUTOMOTIVE GROUP

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

GAZETTE FOUNDATION

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

WORLD CLASS INDUSTRIES

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.

2%

COMPETITIVE DONOR-ADVISED FUNDS GRANTS AWARDED BY SECTOR

37% Arts, Culture & Humanities

18

Public/Society Benefit

13%

7%

12%

29%

Education

Environment, Animals

Health

Human Services

THANK YOU FOR PARTNERING WITH US TO SUPPORT AND STRENGTHEN THE NONPROFIT ORGANIZATIONS THAT SHAPE OUR COMMUNITY. For a complete list of grant recipients, visit www.gcrcf.org.

19

“The Nonprofit Network peer groups are a way to build connections.You can find people who are going through similar things, and there’s a lot of wisdom and experience there. There are so many ways that we can learn things from one another, that we can’t learn alone in our offices.”

-Clint Twedt-Ball Executive Director

Peer group participants, from left to right: Rhonda Betsworth, Director of Finance and Operations; Clint Twedt-Ball, Executive Director; Jerry Oakland, Director of Development.

MATTHEW 25 20

NONPROFIT NETWORK The Nonprofit Network provides a point of connection and resources for local nonprofit organizations and professionals with a focus on peer engagement, learning opportunities, and information. Since 2005, the Greater Cedar Rapids Community Foundation has made a commitment to specific programming to support and strengthen nonprofit organizations in our area.

PEER

LEARNING

INFORMATION

NETWORK

NETWORK

NETWORK

CONNECTS

Promotes ongoing learning opportunities for nonprofit professionals and board members.

THROUGH

TO Nonprofit professionals and volunteers

Peers in similar positions

TO SHARE IDEAS AND LEARN FROM ONE ANOTHER THROUGH

An online training calendar at www.gcrcf.org which offers information about local and regional learning opportunities.

FOUR NONPROFIT PEER GROUPS

1

Executive Directors of Small Nonprofits

2

CFO

3

Development

4

Marketing

Provides access to relevant best practice information and resources on a wide variety of topics of nonprofit interest.

THROUGH

A PARTNERSHIP WITH THE A monthly e-newsletter that promotes upcoming opportunities and interesting articles about nonprofit leadership.

WHICH PROMOTES LIBRARY RESOURCES FOR NONPROFITS SUCH AS ACCESS TO:

IN 2014

Foundation Center Online A monthly Nonprofit Know-How series providing information for nonprofit leaders regarding aspects of nonprofit leadership.

FOR

Guidestar’s Nonprofit Compensation Report EBSCO periodical and newspaper database

PEER GROUPS WERE HELD

TOTAL PARTICIPANTS

Two research librarians

21

AFFILIATE FOUNDATIONS 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 in Iowa without a state-issued gaming license.

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

WAPELLO COUNTY FOUNDATION

KEOKUK AREA COMMUNITY FOUNDATION

22

“Growing up in this community was a blessing, and through the Community Foundation we are able to leave a legacy that can impact future generations in Cedar Rapids for years to come.�

- John and Kay Hegarty

23

EACH YEAR, THE GREATER CEDAR RAPIDS COMMUNITY FOUNDATION WELCOMES NEW INDIVIDUALS, FAMILIES AND BUSINESSES INTO OUR GROWING FAMILY OF DONORS.

TOGETHER, WE ARE CREATING A VIBRANT COMMUNITY. 24

FUNDS ESTABLISHED DURING 2014 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.

34

159

2014 FUNDS

TOTAL FUNDS

Alice L. Haynes Memorial Fund for Holy Family School Endowment Arc - Keith and Gretchen Wright Fund Arc - Todd Penaluna Memorial Fund Beyond American Gothic Fund David and Mary Jo Rater Fund Greene Square Revival Project Fund Jerry and Ann Pearson Fund Leo J. and Wilma R. Sharp Memorial Fund for Holy Family School Endowment Melvin H. Galbraith Fund Orville Bloethe Endowed Fund for Loanna’s Garden Paul and Jennifer Morf Endowed Fund for the United Way of East Central Iowa Paul and Jennifer Morf Mercy Cancer Center Endowment Fund Robert and Mary Burnett Fund Roger and Thea Leslie Endowed Fund VIII United Way Bob and Lois Buntz Family Fund United Way Chris and Suzy DeWolf Family Fund United Way Cobb Family Fund United Way Dennis and Donna Oldorf Fund United Way Denver and Carol Dillard Family Fund United Way Duffy and Belva Schamberger Family Fund United Way Gary Rozek Family Fund United Way Gregory and Debora Neumeyer Family Fund United Way Hilery Livengood and Ben Fashimpaur Fund

United Way Jack and Dilla Cosgrove Family Fund United Way Jim and Sara Sauter Family Fund United Way John Whipple Fund United Way Jon and Debbie Bancks Family Fund United Way Kelly and Anne Mulford Family Fund United Way Linda and Robert Mattes Family Fund United Way Lisa Winterberg Tesar and Terry Tesar Family Fund United Way McGrath Family Fund United Way Pat and Judy Baird Family Fund United Way Robert and Elizabeth Allsop Family Fund United Way Tom and Christine Hayden 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.

12

193

2014 FUNDS

TOTAL FUNDS

Coppock Family Fund Fredrich and Gretchen Mellberg Fund Ghosh Family Fund Kirby Family Fund Michael L. Odell Fund Michele M. Matt Fund Naylor Family Fund Rings Family Fund Sally Novetzke Fund Steven and Susan Ovel Fund Tom and Sonja Penaluna Family Fund

25

AGENCY FUNDS

COMMUNITY ENDOWMENT FUNDS

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

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.

13 2014 FUNDS

150

27 TOTAL FUNDS

TOTAL FUNDS

Arc of East Central Iowa Quasi-Endowed Fund #2 Cedar Valley Montessori School Quasi-Endowed Fund Gems of Hope, Inc. Quasi-Endowed Agency Fund Gems of Hope, Inc. Quasi-Endowed Agency Fund II Kennedy Choral League Endowment Fund Metro Catholic Outreach Friends Fund Metro Catholic Outreach Quasi-Endowed Fund St. Stephen’s Lutheran Church Agency Endowment Fund Suzi Sargeant McDonald Endowed Fund Trees Forever Endowment Challenge Grant Fund United Way Endowment Challenge Grant Fund Young Parents Network Quasi-Endowed Fund 1 Young Parents Network Quasi-Endowed Fund 2

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 will award grants to organizations and programs that are making a difference in the selected areas.

21 TOTAL FUNDS

26

SCHOLARSHIP FUNDS

PRAIRIE FUNDS

This fund type is used by donors to help students achieve their educational goals through scholarships. Scholarship funds can benefit students of a particular school, geographic region, educational subject or other designation.

A Prairie Fund allows donors and nonprofit agencies to establish a fund with an initial gift of $2,500. With regular contributions over five years, the fund becomes a named, endowed fund once it reaches $10,000. At that time, the fund will produce a distributable amount to provide support for nonprofits.

1

34

2014 FUNDS

TOTAL FUNDS

Virgil and Eleanor Bowser Memorial Scholarship Fund

8

16

2014 FUNDS

TOTAL FUNDS

Steven and Susan Ovel Fund United Way Bob and Lois Buntz Fund United Way Gregory and Debora Neumeyer Family Fund United Way Hilery Livengood and Ben Fashimpaur Fund United Way Jon and Debbie Bancks Family Fund United Way Linda and Robert Mattes Fund United Way Lisa Winterberg Tesar and Terry Tesar Family Fund United Way Tom and Christine Hayden Fund

27

“I really care about this community and its future. Not only is the Community Foundation my vehicle for my annual giving, but it also allows me to leave a legacy forever. It will carry out my wishes for many, many years.

My greatest hope though, is that my generosity encourages others to give generously.�

-Jay Petersen 28

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 2014 Pat and Judy Baird Tom and Kelly Belin David Bowser and Linda Vance Gordon and Diana Lynn Bowser Michael and Mary Bowser Bob and Lois Buntz Robert* and Mary Burnett John and Cordelia Cosgrove Carol and Denver Dillard Greg and Wendy Dunn Marsha and Larry Erb

Richard and Nancy Garberson Janice and John Gilmour Karl Glovik Thomas and Christine Hayden Michele M. Matt Robert and Linda Mattes Fredrich and Gretchen Mellberg Rochelle and Alan Naylor William D. Nordstrom* Michael L. Odell Susan and Steven Ovel

Jerry and Ann Pearson Tom and Sonja Penaluna Mary Jo and David Rater Danielle and Randall Rings Lisa Winterberg Tesar and Terry Tesar Carmen and John Wasta Gretchen and Keith Wright

*Deceased

29

MEMORIALS IN 2014 THE FOLLOWING MEMORIAL FUNDS WERE ESTABLISHED IN 2014 Alice L. Haynes Memorial Fund for Holy Family School Endowment Arc - Todd Penaluna Memorial Fund Leo J. and Wilma R. Sharp Memorial Fund for Holy Family School Endowment Orville Bloethe Endowed Fund for Loanna’s Garden Virgil and Eleanor Bowser Memorial Scholarship Fund THE FOLLOWING FUNDS RECEIVED MEMORIAL CONTRIBUTIONS IN 2014 Benjamin Christopher Tvedt Fund Catherine McAuley Center Friends Fund in memory of Jean Ruocco Cedar Rapids Opera Theatre Friends in memory of Bob Fletcher Cedar Rapids Opera Theatre Friends in memory of Yvonne Green Cedar Rapids Symphony Orchestra Friends Fund in memory of John Knapp Community Endowment Fund in memory of Thomas Hobson Community Endowment Fund in memory of James Meskimen Community Endowment Fund in memory of William D. Nordstrom Dustin Tardiff Fund for Academic Advancement Friends of the Oak Hill Cemetery Endowment Fund in memory of William H. Beshears Gary and Susan Speicher Friends Fund for Youth in memory of Bob Fletcher Glenn and Mary Wendler Scholarship Fund in memory of Stuart Wendler Iowa Choral Directors Association Foundation Friends Fund in memory of Harry M. Carter Iowa Choral Directors Association Foundation Friends Fund in memory of Marvin Kelley Joann Elizabeth Downey Fund Kidneeds Fund in memory of Samuel S. Personte

30

Lutheran Services in Iowa Charitable Foundation Friends Fund in memory of James L. Ahrens Matthew Carl Livengood Memorial Fund Melvin H. Galbraith Fund Peggy Boyle Whitworth Friends Fund for Brucemore Project Victoria Fund in memory of Jamison Russell Curran St. Paul’s United Methodist Church Foundation Friends Fund in memory of Bob Fletcher Theatre Cedar Rapids Endowment Challenge Fund in memory of Jackie Pence Theatre Cedar Rapids Endowment Challenge Fund in memory of Marjorie Purcell

HONORS IN 2014 ARC OF EAST CENTRAL IOWA ENDOWMENT CHALLENGE GRANT FUND In honor of Em Sherman In honor of Kathleen E. Dean CEDAR RAPIDS OPERA THEATRE FRIENDS In honor of Myron and Esther Wilson FRIENDS OF THE OAK HILL CEMETERY ENDOWMENT FUND In honor of Jane Thorensen IOWA FOOTBALL CLUB FUND In honor of Matt Hughes KIDNEEDS FUND In honor of Alex Gibbs In honor of Danny Harris In honor of Dave Yates In honor of Donna Long In honor of Kristyn Wheeler In honor of Marianne Supino In honor of Richard Smith In honor of Richard Smith and Lynne Lanning In honor of Sherry Family of Needham, MA

In honor of Zachary Smith LARRY H. CHRISTY ENDOWMENT FUND In honor of Larry Christy LINN COUNTY BAR ASSOCIATION ENDOWMENT FUND In honor of Judge William L. Thomas MELVIN H. GALBRAITH FUND In honor of Melvin H. Galbraith PROJECT VICTORIA FUND In honor of Jaden Ghylin In honor of Jeremiah Maller In honor of Mary Maller THEATRE CEDAR RAPIDS ENDOWMENT CHALLENGE FUND In honor of 24601 In honor of Al and Kathy Krambeer In honor of TCR’s 80th season

SCHOLARSHIP RECIPIENTS IN 2014 ALL-MCKINLEY ALUMNI ASSOCIATION SCHOLARSHIP

Sarah Altemeier, McKinley Middle School D’essence Morris, McKinley Middle School Julia Carlson, McKinley Middle School David Abraham, McKinley Middle School

BESONG FAMILY SCHOLARSHIP Keely Pernicka, Washington High School

BOB V. BENGTSON GOOD CITIZEN AWARD & SCHOLARSHIP Nkasa Bolumbu, Truman Elementary School

COLLEGE OPPORTUNITY SCHOLARSHIP

Fiameta Ande, Linn-Mar High School Trenton Johnson, Kennedy High School Mickenzie Kack, Marion High School Skylar Kiekhaefer, Prairie High School Mason Montuoro, Xavier High School Kayla Slykhuis, Jefferson High School Madeline Walker, Washington High School

DELAWARE COUNTY FISH AND GAME PROTECTIVE ASSOCIATION SCHOLARSHIP

Alex Kehrli, West Delaware High School Heather Tauke, West Delaware High School Jake Voss, West Delaware High School

DAYBREAK ROTARY LEGACY OF LEARNING SCHOLARSHIP Alissa Bearkiller Destinee Brown Maurisa Clark Marcuso Foy Stacey McKierman

DREW WALL SCHOLARSHIP

Jakob Meyers, Kennedy High School

FRANCIS MCMANN SCHOLARSHIP Elijah Wolter

GEORGE A. AND LOUISE M. KALOUS SCHOLARSHIP Thomas Chase, Washington High School Andria Homewood, Jefferson High School Kelsey Jo Doyle, Kennedy High School McKenna Kilburg, Lisbon High School Connor Neuhaus, Prairie High School Jessica Nurre, Linn-Mar High School Bailee Seger, Marion High School Austin Wille, Xavier High School

GLENN AND MARY WENDLER SCHOLARSHIP

Mason Montuoro, Xavier High School

GLIDDEN COMMUNITY SERVICE SCHOLARSHIP

Annie Feltes, Kennedy High School Sasha Forret, Marion Home School Bethany Freeman, Washington High School Josh Kettlekamp, Linn-Mar High School Dalton Lillie, Alburnett High School Sneha Madhavaram, Prairie High School Erin Neuwohner, Xavier High School Abbigail Unsen, Marion High School Drew Wirtner, Jefferson High School

IOWA PHYSICIANS ASSISTANT SOCIETY SCHOLARSHIP

Adam Rasmussen, University of Iowa Emily McCaffery, Des Moines University

JOE CORBIN MEMORIAL SCHOLARSHIP

Ryan Doser, Prairie High School Derrick Gray, North Cedar High School

KELLEY FAMILY SCHOLARSHIP AT CENTRAL A & M COMMUNITY SCHOOL, MOWEAQUA, ILLINOIS

Brittany Hankins, Central A & M High School Larissa Murray, Central A & M High School Kayleigh Postin, Central A & M High School

KLEIMAN FAMILY SCHOLARSHIP

Christopher Merck, Marion High School

KOMENSKY SOCIETY SCHOLARSHIP Isabel Neff, Kennedy High School Anna Rubsam, Prairie High School Erika Serbousek, Kennedy High School Elijah Wolter, Washington High School

LAVENZ MEMORIAL INCOURAGE SCHOLARSHIP Shelby Johnson, Kennedy High School

MARY E. RICKEY SCHOLARSHIP Maliya Rattliffe, University of Iowa

MERVEAUX ACADEMIC EXCELLENCE SCHOLARSHIP Jacob Donald, Jefferson High School Laura Fischer, Kennedy High School Willis Fulmer, Marion High School Mandy Gavin, Linn-Mar High School Sebastian Groothuis, Marion Home School Madison Harger, Alburnett High School David Sherrell, Washington High School Jacob Sprengeler, Prairie High School Claire Wenisch, Xavier High School

NORMA WENZEL SCHOLARSHIP Anna Wolle, Washington High School

O.J. AND VIOLA N. ELSENBAST SCHOLARSHIP

Caroline Koekenhoff, Graettinger-Terril High School

OUTSTANDING STUDENT LEADER SCHOLARSHIP

Daniel Tortora, Jefferson High School Ryan Wilkin, Center-Point Urbana High School

ROBERT E. AND MERRY J. KELLEY SCHOLARSHIP AT LISBON HIGH SCHOOL Kenyon Ellsworth, Lisbon High School Kelsi Griffiths, Lisbon High School Kyle Langhurst, Lisbon High School

ROBERT K. DENNIS SCHOLARSHIP Shay Hudachek, Lone Tree High School

SANDRA SIEPERDA DEBOOM MEMORIAL SCHOLARSHIP

Weston Burdt, Washington High School

STEPHEN BONFIG MEMORIAL SCHOLARSHIP

Kate Banwarth, Dubuque Wahlert High School

VIRGIL AND ELEANOR BOWSER MEMORIAL SCHOLARSHIP

Samuel Scriver, Springville High School

VERN W. REEDER MEMORIAL SCHOLARSHIP

Michelle Grauberger, Kennedy High School Emily LaGrange, Washington High School Matt Oster, Metro High School Brandon Wise, Jefferson High School

ZETA PHI ETA MEMORIAL SCHOLARSHIP

Danielle Beeman, University of Iowa

Olivia Altemeier, Washington High School Nathan Althoff, Kennedy High School Mikayla Cummings, Xavier High School Malia Gudenkauf, Prairie High School Katlyn Hardecopf, Marion High School Mackenzie Jordan, Linn-Mar High School

31

“When I talk about philanthropy in estate planning, there is usually an emotional motivation for clients, and a desire to perpetuate organizations that they believe strongly in. And that’s what I think is significant about the Community Foundation – it can inspire people because of what their contributions, blended with the contributions of others, can do. They can be a part of something bigger than themselves.”

-Gary Streit Shuttleworth & Ingersoll

32

FOR A COMPLETE LIST OF FUNDS AND DONORS VISIT www.gcrcf.org

33

2014 YEAR IN REVIEW DISASTER RESILIENCY PARTNERSHIP The Community Foundation was selected as a participant in the Philanthropic Preparedness, Resiliency, and Emergency Partnership, a national learning group designed to support foundations to serve their communities before and after a disaster.

WILLIAM QUARTON HERITAGE SOCIETY LUNCHEON Over 150 members of the William Quarton Heritage Society gathered for a luncheon to celebrate philanthropy.

NONPROFIT KNOW-HOW LAUNCH The Nonprofit Network launched a new monthly learning series for nonprofit leaders.

JANUARY

34

MARCH

JUNE

READING INTO SUCCESS The Community Foundation agreed to be a partner in the effort to bring the national Campaign for Grade Level Reading, known locally as Reading into Success, to our community.

NEW WEBSITE A new website, gcrcf.org, was launched offering enhanced functionality and resources for donors, nonprofits and professional advisors.

CELEBRATION OF COMMUNITY The second annual Celebration of Community event was held at Veterans Memorial Building to celebrate the work of nonprofits, to share the impact of philanthropy, and to honor outstanding nonprofit professionals.

AUGUST

NOVEMBER

DECEMBER

35

CENTER POINT PUBLIC LIBRARY MISSION: To serve as the public information provider for our community, using traditional and innovative technology to encourage curiosity, free inquiry and lifelong learning in a friendly environment.

NEED: To renovate and expand the current Center Point Library, which serves most of northwestern Linn County and to build a new Community Center to provide opportunities for residents to experience greater cultural and social enrichment.

36

IMPACT: The Library was awarded a grant from the Linn County Fund to assist with renovating the Library and building Center Point’s only community center. The grant has helped the Library with its funding efforts and construction has already begun. The Library looks forward to providing more diverse programming and opportunities to residents through its new space.

BOARD OF DIRECTORS

LOREN L. COPPOCK CHAIR

CHRIS SKOGMAN CHAIR-ELECT

CHERYLE W. MITVALSKY PAST CHAIR

KATIE OBERBROECKLING TREASURER

KEVIN WELU SECRETARY

GARY BARTLETT

LYDIA BROWN

KARL CASSELL

JOHN CHAIMOV

TERRI CHRISTOFFERSEN

BRENT COBB

CHRIS DEWOLF

GREG DUNN

TIFFANY ANN EARL

SARA B. FISETTE

MAUREEN KENNEY

THOMAS MOORE

JOHN OSAKO

ELIZABETH SCHOTT

OATHER TAYLOR, III

FRED TIMKO

37

STAFF ADMINISTRATION

LES GARNER President & CEO

DEVELOPMENT

LAURA BOOTH Executive Assistant

MICHELLE BEISKER Vice President of Development

JOSIE VELLES Director of Development Services

SUSAN WILLEY Director of Planned Giving

ELIZABETH CWIK Program Officer

ROCHELLE NAYLOR Program Officer

BERNADETTE GLADISH Program Assistant

CARRIE WALKER Nonprofit Network Coordinator

PROGRAM

KARLA TWEDT-BALL Senior Vice President

FINANCE

JEAN BRENNEMAN Chief Financial Officer

38

MARKETING

EMMYLOU BALL Controller

CHRISTY SMEED Accounting Assistant

CORINNE RAMLER Director of Marketing

AMBER WARING Marketing Associate

KATHRYN STACK Content Associate

COMMITTEES AGENCY INVESTMENT ADVISORY COUNCIL Rich Altorfer Mike Buck Dick Cornish Diane Daubenmier Jim Daubenmier Pat Deignan Rex Eno Tammi Erb Dick Minette Dale Rettenmeier Fred Rose Jim Seifert Leland Smithson Donna Sorensen Bob Vancura Adam Vargason CAPACITY FUND COMMITTEE Lydia Brown, Chair Ryan Buresh Terri Christoffersen Brent Cobb Cathy Gullickson Joe Jennison Chris Lindell Jessica Link Katie Oberbroeckling DEVELOPMENT COMMITTEE Cheryle Mitvalsky , Chair Scott Bogguss Gilda Boyer

Loren Coppock Terri Christoffersen Chris DeWolf Chris Skogman EDUCATION FUND COMMITTEE Elizabeth Schott , Chair Fred Althoff Rob Cline Doug Griesenauer Tom Moore Jenny Schulz EXECUTIVE COMMITTEE Loren Coppock , Chair Lydia Brown Chris DeWolf Cheryle Mitvalsky Katie Oberbroeckling Chris Skogman Kevin Welu GRANTMAKING AND LEADERSHIP COMMITTEE John Osako , Chair Gary Bartlett Lydia Brown Karl Cassell John Chaimov Elizabeth Schott

INVESTMENT COMMITTEE Kevin Welu, Chair Gary Barlett Maureen Kenney Greg Neumeyer Julie Nosek Denny Redmond Fred Timko LINN COUNTY FUND COMMITTEE Elizabeth Schott, Chair Gary Bartlett John Chaimov David Gardner Mary Junge Dave Machacek Julie Nosek NONPROFIT NETWORK Katie Geiken, Chair Jeff Capps Karl Cassell Sara Fisette Anne Gruenewald Kathy Hall Norah Hammond David Janssen Ben Jensen Virginia Michalicek Tom Moore John Myers Quinn Pettifer Jenny Schultz

PROGRAM FUND COMMITTEE John Osako, Chair Craig Byers John Chaimov Sara Fisette Peggy Hardesty Amy Lynch Kurt Rogahn Elizabeth Schott Oather Taylor, III Ruth White SCHOLARSHIP COMMITTEE Jo-Ann Cook Betty Ehlinger Erin Gray Marcia Hughes Kathleen Kleiman Amy March Mallory Mohwinkle Lynn Ocken Liz Posekany Lisa Thirnbeck Suzy Wendler

39

324 3RD ST SE, CEDAR RAPIDS, IA 52401 info@gcrcf.org Phone: 319.366.2862 Fax: 319.366.2912 www.gcrcf.org

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

The Greater Cedar Rapids Community Foundation is in compliance with national standards for services and operations that have been established by the Council on Foundations to guide sound policies, accountable practices, and ethical and operational integrity that strengthen the effectiveness of community philanthropy.

40