update kalamazoo community foundation | SPRING 2018
BUILDING A VIBRANT COMMUNITY page 6
Any parent can appreciate the importance of early childhood education on their loved one’s development. As a mother, I saw first hand the benefits my children received by attending a high quality pre-kindergarten program. Here at the Community Foundation, we have been committed to increasing the availability of quality pre-K opportunities for several years through our priorities of equity and education. During our recent Forecast 2018 event, I had the opportunity as one of the keynote speakers to share about the importance of early childhood education. Quality pre-K not only helps prepare children for continued success in school and academically, but also for success in the workforce. With this preparation, we know that students who grow up to be workers are able to build vibrant neighborhoods that help everyone reach their full Carrie Pickett-Erway President/CEO
potential. The good news is Kalamazoo County is in the top five percent in the state for pre-K programs. In addition to myself, Dan Jaqua from Jaqua Realtors and Dwayne Powell Jr. from the City of Kalamazoo presented at the Forecast event respectively on economic development in Kalamazoo County and also entrepreneurship as a way to build a much more vibrant community. Check out some of the highlights of their presentations on page 6. I hope you enjoy this issue of Update as you follow our progress in making life better for all in the Kalamazoo area. Love Where You Live.
Give online www.kalfound.org/give
What we fund We fund 501(c)(3) nonprofits for work that fits within our community investment priorities and will benefit residents of Kalamazoo County. We also provide Kalamazoo area students with scholarships for education beyond high school.
Mail a check Kalamazoo Community Foundation 402 East Michigan Avenue Kalamazoo, MI 49007-3888 Arrange a planned gift There are many ways for you to plan now for a gift later. To learn more, get in touch with our Donor Relations team at 269.381.4416 or email@example.com.
KALAMAZOO COMMUNITY FOUNDATION
What we don’t fund We don’t fund for-profit business development projects, private land purchases or private home purchases.
Learn more at www.kalfound.org.
KZCF takes top honors in financial performance Kalamazoo Community Foundation is No. 1. That’s
Previously, KZCF was ranked in the top 2 percent. KZCF,
according to a national ranking of community
established in 1925, has assets totaling $530 million.
foundation financial investment performance by
Thanks to the power of endowment, the Community
New York City-based Colonial Consulting.
Foundation has awarded a total of $434 million in grants
In a ranking of community foundations nationwide,
to area nonprofits and in scholarships to area students.
KZCF performed in the top 1 percent for the 10-year
The hallmark of the Financial Investment Committee is this
period ending September 30, 2017.
melding of intellectual capital with a practical, disciplined investment approach. While nothing can be guaranteed
“Of course, we’re thrilled to reach this level of performance for the benefit of the community,” says Susan Springgate, vice president for Finance
for the future, we believe that it will bring added value to the community for many years to come.
and Administration. “Our investment strategy is one
Our Financial Investment Committee includes co-chairs
of disciplined asset allocation, regular rebalancing,
Bob Salisbury and Randy Eberts and members Dean
minimizing fees and expenses, and not reacting to
Bergy, Dan DeMent, Sandi Doctor, Si Johnson, Jan Van
near-term market pressures or investment fads.”
Der Kley and Joel Wittenberg.
Kalamazoo Community Foundation Investment Performance FOURTH QUARTER 2017 Qtr 4
Core Assets Moderate Growth Performance
Income and Growth Performance
Investment performance is net of manager fees and derived from core Kalamazoo Community Foundation assets allocated into its two investment strategies. Historic performance for each is then derived from linkages to prior quarterly returns. Performance reflects prior changes in asset allocations while benchmarks assume current allocations. The Moderate Growth Benchmark is a staged index composite benchmark that has the current composition of the Barclays US Aggregate Bond Index (15 percent); Barclays US Treasury 5-10 Yr TR USD (10 percent); DJ US Select REIT index (2.5 percent); MSCI EAFE Small Cap Index (10 percent); MSCI Emerging Markets Value index (10 percent); Russell 1000 Value index (5 percent); Russell 2000 Value index (10 percent); Russell Micro Cap index (5 percent); S&P 500 index (30 percent); and the NCREIF Fund Index ODCE (2.5 percent). The Income and Growth Benchmark consists of the S&P 500 index (50 percent) and the Barclays US Aggregate Bond index (50 percent).
Remynse: the power of endowment Clarence L. Remynse, born in 1904,
Remynse's gift allowed the
helped Mr. Remynse with his
was seriously injured as a teenager
Community Foundation to create
when accidentally struck in the
a permanent resource to help
head by a baseball bat at school.
graduating high school students
He missed a year of school
in Kalamazoo County who need
while recovering, but eventually
financial assistance to pursue a
graduated from Kalamazoo
bachelor's degree full time. Currently,
Central High School and then
the Clarence L. Remynse Scholarship
from Kalamazoo College.
is the largest scholarship fund at
His friends and business associates
the Community Foundation..
“He was highly respected” in the community, said Kirkpatrick, “and a very detailed person.” Kirkpatrick grew up two blocks from the businessman. “Mr. Remynse had no side,” the trust officer reflected. He was referring to a now outdated expression for treating everyone
believed that his shy and quiet
“He had no side”
the same regardless of how they
demeanor was a result of this
“He was a very practical person,”
may be different from you. Kirkpatrick
accident, which left a scar that
recalled banker Fritz Kirkpatrick
and DeMent knew that Mr. Remynse
made him self-conscious.
(with what was then called First
wanted to make a difference once
American Bank), during an interview
he was no longer around. And it
by attorney Dan DeMent (formerly
was clear to them that Mr. Remynse
with DeMent & Marquardt) for
wanted to impact the future by
a cable television show in 2004.
helping young people succeed in
Kirkpatrick and DeMent both
Remynse went into the family business — the Remynse Construction Company — and eventually became its president and owner. He established a reputation as a hard worker with a hands-on work style. Meanwhile, he also became a downtown Kalamazoo developer and owner of numerous properties.
Scholarship criteria The Remynse scholarship provides up to $7,500
“Mr. Remynse,” as everyone
a year and is for high school seniors who reside
referred to him, knew the impact
in Kalamazoo County or attend a Kalamazoo
he wanted to have after he was
County high school.
gone: he wanted to make a difference in the lives of children. He didn’t have children of his own; in fact, he never married. But he would end up helping more than 1,000 area students pursue their college dreams. The gift that Remynse gave to the Community Foundation upon his death in 1983 is a striking illustration
Students must pursue a full-time bachelor’s degree in one of these majors: business, education, engineering, math, psychology, science, pre-law or pre-med. Candidates should demonstrate leadership and involvement in school/community activities along with academic achievement. This scholarship is also based on financial need and is renewable. To learn more about this scholarship, please visit kalfound.org.
of the power of endowment.
KALAMAZOO COMMUNITY FOUNDATION
This is the power of endowment; this is the legacy of giving.
A powerful legacy
“I’m guessing that Mr. Remynse
she says. “It
had no idea of the magnitude
of students who would benefit
me to persevere
from his scholarship,” says Nancy
in my efforts in
Timmons, scholarship manager. “So
chemistry, an area
far, it has helped more than 1,200
not populated by
Nancy Timmons Scholarship Manager
students. This scholarship requires
a lot of women.”
the student to demonstrate financial need to attend the college of their choice and is renewable for an
Working with the Community Foundation, they crafted a
additional three years.”
She went away for college and,
after a few early jobs, returned to the Kalamazoo area — a dream
A committee of dedicated volunteers
that Mr. Remynse had that recipients
makes the award process possible.
of the scholarship would return to
Each winter, the volunteers read
the Kalamazoo area to contribute
While Mr. Remynse accumulated
through applications — without
positively to the community.
“a good-sized estate,” according
knowing the identity of the
to Kirkpatrick, it got even better.
candidates — and make their
Myra P. Whalen, who graduated
scholarship that has stood the test of time.
with Clarence from Kalamazoo Central, became Clarence’s longtime fiancée. She had a 33-year career at The Upjohn Company and when she passed, her estate went to Mr. Remynse. She shared his passion for influencing future
Laurel is currently a research and development project manager at Stryker Medical in Portage
“Mr. Remynse would be happy
and serves as a volunteer on the
to see the impact he and Myra
Remynse scholarship committee.
have made throughout Kalamazoo County,” says Timmons. “This is the power of endowment; this is the legacy of giving.”
“As a student, the Remynse scholarship inspired me to pursue chemistry,” she says. “Today I’m inspired by the students seeking
generations through education,
A full circle legacy
scholarships. Reviewing these
so he added her wealth to his
Laurel Clark, a past recipient
applications and learning these
of the Remynse scholarship, as
students’ dreams makes me reflect
an undergraduate student fell
on my own career. These students
in love with chemistry.
can get a great education, wherever
The Clarence L. Remynse Scholarship consists of both the Clarence L. Remynse and Myra
“[The scholarship] helped me
P. Whalen scholarship funds.
make the most of my college
earned and granted
they go, and then come back and be part of our community.”
$22 million fund balance
Grantmaking for community impact Kalamazoo Community Foundation made more than 100 grants from unrestricted funds totaling almost $4 million in 2017. KZCF collaborates and partners with nonprofits throughout Kalamazoo County in a variety of sectors, including food, housing and health. Local nonprofits also received grants and distributions from Advised, Field-of-Interest and Designated Funds. Each grant is made considering the impact it will have to help everyone in our county reach their full potential, considering alignment with our investment priorities of equity and education. • AACORN Farm, Inc. Skill Building • Arc Community Advocates Educational Advocacy • Arcadia Institute, Where Everyone Belongs • ASK Family Services • Bethany Reformed Church Backpack Buddies • Big Brothers-Big Sisters Mentoring • Black Arts and Cultural Center
• Borgess Foundation Psychiatric Crisis Intervention • Boy Scouts of America HEROES Program • Boys & Girls Clubs of Greater Kalamazoo • Bread & Roses Alternative Child Care Center • Building Blocks Resident Leadership Development • Bureau of Services for Blind Persons
• Can-Do Kitchen Inclusive Incubation • Center for Transformation Mentoring Ex-Offenders • Cheff Therapeutic Riding Center Sensory Classrooms • Christian Global Medical Healthcare Incorporated • Christian Neighbors, Neighbors Caring for Neighbors
Building a vibrant community Missed the Forecast 2018 event? Here are a few highlights from the event held at Cityscape Event Center. Real Estate Growth – Dan Jaqua, Jaqua Realtors • Increasing variety of development in housing,
• Remove barriers to starting a business by providing our community the resources it needs to become an entrepreneur and also to positively change in their community.
restaurants, hotels, brownfield redevelopment projects
Philanthropic Giving – Carrie Pickett-Erway,
and commercial spaces in the Kalamazoo area.
Kalamazoo Community Foundation
• With the growing number of new housing developments, it has become even more important that developers offer affordable and equitable access to housing.
• Unrestricted funds have provided KZCF the flexibility to meet the community’s most critical needs. For example Open Doors, a nonprofit geared to helping families achieve housing success, created an Incentive
Economic Development – Dwayne Powell Jr.,
Savings Program funded by KZCF to assist individuals
City of Kalamazoo (pictured on cover)
in saving money with a matching program.
• Many people of color in Kalamazoo still live in poverty and don’t have the resources to make a positive change in their neighborhoods.
• K ZCF is advocating for the Michigan Community Foundation Tax Credit to help restore incentives to increase the pipeline of donors and permanent
• Developing entrepreneurs is important to help empower individuals in low income neighborhoods to find financial independence and also reach their fullest potential.
resources to meet the community’s most critical needs. Don’t want to miss the next event? Join our email list via our website kalfound.org to learn more about upcoming events and initiatives.
• Research shows 90 percent of entrepreneurs help drive their local economy. 6
KALAMAZOO COMMUNITY FOUNDATION
Cover photo by Westley Amica III SPRING 2018
All Others $786,300 • City of Kalamazoo Parks & Recreation Supervised Recreation • Communities In Schools of Kalamazoo • Community AIDS Resource and Education Services • Community Healing Centers, Inc., STREET Afterschool • Community HomeWorks Low-income Homeowners • Community Living Options, Camp Amigo • Community Promise Federal Credit Union • Constance Brown Hearing Centers, Access to Hearing • Disability Network SWMichigan Advocacy Academy • Douglass Community Association • Eastside Youth Strong • Ecumenical Senior Center Services and Outreach • Edison Neighborhood Association • Educating For Freedom In Schools • ERACCE • Family & Children Services • Fire Historical and Cultural Arts Collaborative • First Congregational Church Community Spaces • First United Methodist Church Justice for Our Neighbors • Food Bank of South Central Michigan • Friendship Village Strategic Planning • Girl Scouts Heart of Michigan • Girls On The Run of Greater Kalamazoo • Goodwill Industries of SWMI Pathways to Equity • Great Lakes PeaceJam Seeding Change • Gryphon Place • Guardian Finance and Advocacy Services • Healthy House • Irving S. Gilmore Keyboard Festival Piano Labs • ISAAC • Kalamazoo Book Arts Center Education Program • Kalamazoo Collective Housing Rehab • Kalamazoo County ID Program, ID for Everyone • Kalamazoo County Juvenile Home Foundation • Kalamazoo County Land Bank Vibrant Kalamazoo • Kalamazoo County Ready 4s
Civil Rights, Social Action & Other Advocacy $301,900
Unrestricted Grants 2017
Housing & Shelter $169,500 Community Improvement & Capacity Building $285,678
Human Services $513,750
• Kalamazoo Drop-In Child Care Center • Kalamazoo Institute of Arts Inclusive Arts • Kalamazoo Literacy Council, Everyone Needs to Read • Kalamazoo Loaves & Fishes • Kalamazoo Nature Center • Kalamazoo Neighborhood Housing Services • Kalamazoo Public Library Anti-Racism Transformation • Kalamazoo Public Library ONEplace • Kalamazoo RESA, STEM Education in Kalamazoo County • Kalamazoo Symphony Orchestra Youth Programs • Kids Moving & Thriving • Lakeside for Children Foundation, Education and Retention • Program • Local Initiatives Support Corporation • Merze Tate Explorers • Michigan Department of Health & Human Services • Michigan Immigrant Rights Center Welcoming Kalamazoo • Michigan United Grassroots Organizing • Ministry with Community Resource Center and Drop-In • Northside Association for Community Development • Northside Preschools • Open Doors Kalamazoo • Open Roads Bike Program Student Engagement
Youth Development $447,500
• OutFront Kalamazoo LGBTQ Advocacy • Parchment Community Library • Planned Parenthood of Michigan Building Equity • Portage Community Center Youth Programs • Pretty Lake First-Time Campers • Prevention Works, Inc. • Project X Young Adult Leadership Development • Read and Write Kalamazoo • Renaissance Enterprises Senior Outreach • Salvation Army Pathway of Hope • SCORE Kalamazoo • Seeds for Success • SHARE Racial Healing Initiative • SLD Read • St. Luke’s Episcopal Church Partners in Housing • United Methodist Church Anti-Racism Team • United Way of the Battle Creek and Kalamazoo Region • Urban Alliance (Employment Solutions) • W.E. Upjohn Institute Refugee Opportunities • WMU Foundation Humanities for Everybody • WMU Homer Stryker M.D. School of Medicine • YMCA of Greater Kalamazoo Summer Achievers • Youth Advancement Academy Summer Work Program • YWCA of Kalamazoo Maternal Infant Health
Nonprofit Organization U.S. Postage paid Kalamazoo, MI Permit Number 66
402 East Michigan Avenue Kalamazoo, MI 49007-3888 269.381.4416 kalfound.org
4th Annual Find Your Cause FIND YOUR CAUSE Wednesday, April 18 5:30 to 7:30 p.m. The Foundry
600 East Michigan Ave, Kalamazoo, MI 49007
Vershun Ford, volunteer and outreach coordinator for Gryphon Place Volunteer Services, also adds, “This
Kalamazoo Community Foundation, in partnership with
event allows us to
Gryphon Place Volunteer Services, is hosting its fourth
annual Find Your Cause event to connect volunteers of
all ages with nonprofits throughout Kalamazoo County.
want to help
Approximately 30 agency representatives will be available
to meet with interested volunteers.
by meeting face-
“Volunteerism is just one of the ways to simultaneously give back and make an impact in our community,” says KZCF Development Officer Raven Britt. “Find Your Cause provides
to-face with many organizations who need volunteers.”
this platform, and we’re excited to be partnering with
To learn more about the event, visit kalfound.org or call
Gryphon Place Volunteer Services again.”
Gryphon Place Volunteer Services 269.381.1510.