Community Report Fall 2016
Strengthening local philanthropy to support healthy communities.
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GROWTH. GCF Community Report Fall 2016
Growth is key to the Galesburg Community Foundation. If we aren’t growing we aren’t working hard enough. At GCF one of our core values says that giving communities are stronger and healthier communities. We believe this. We’ve experienced this. And we are committed to growing our organization. Growing our assets, establishing more funds, reaching more people, impacting more nonprofits and taking on new leadership opportunities are all critical components of growth for GCF.
In this Community Report we are pleased to share our most recent audited financials. These financials tell a strong story of community commitment and belief in the power that philanthropy is having right here at home. We are connecting with more people and helping them ensure the causes they care about have resources to fulfill their mission. When we give together, we grow together. Thank you for your help. Thank you for your support. Thank you for your gifts. Our board and staff are working very hard to make sure your resources are growing to support the nonprofits and programs that make Knox and Warren Counties better places to live.
Carl Nixon Chairman
Joshua D. Gibb President & CEO
Thank you for your continued support and involvement. If you have questions or want to know more, contact us anytime at: 309.344.8898 or jgibb@ahealthycommunity.org.
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OUR TEAM BOARD Carl Nixon Chairman Mark Kleine Vice-Chairman Susan Twomey Secretary David Pearson Treasurer
STAFF Joshua D. Gibb President & CEO
Joyce Coffman Dr. Subbia Jagannathan Lance Humphreys Thomas Maloney Carol Simpson Joel Estes
Harry Bulkeley
COMMUNITY TREASURES Tiffany Anderson Manager
Jennifer V. Anderson Chief Financial Officer Karlie Elliott Bowman Director of Communications Bobbi Pio Development Associate Deborah Moreno Grant & Program Coordinator Lori Schile Administrative Assistant
HOW DOES THE COMMUNITY FOUNDATION WORK? 1. It starts with donors...
2. Who use their gifts...
3. Who have a passion...
Individuals Businesses Private Foundations Nonprofit Organizations
Cash Securities Real Assets Retirement Funds Insurance Bequests
Community Arts Education Environment Community Wellness Faith
...to create endowed funds that will make an impact forever. 2
A NEW FACE AT GCF Our organization is growing in many ways, including another new staff member. Meet Lori Schile, our new administrative assistant. Her role is critical. She’s often the first voice you’ll hear on the phone and the first face you’ll see when you enter our office. We’re glad she’s here and we hope you’ll stop by our office at 246 E. Main Street in downtown Galesburg to meet her. Lori lives in Galesburg. She grew up in Pittsfield and later moved to Kansas where she raised her two boys. She’s a Kansas Jayhawk fan and still roots for the Royals. She’s involved with the Discovery Depot Children’s Museum’s Festival of Trees, loves reading and enjoys working on stained glass art.
Lori Schile
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GCF by the numbers 2015 AUDITED FINANCIALS
$
23,247,350
1,225,542
$
WORKING ASSETS
$
OPERATING ASSETS
932,783
24,433,588
$
TOTAL LIABILITIES
TOTAL NET ASSETS
1,167,533
$
89
FUNDS
DOLLARS DISTRIBUTED
FUNDS AT GCF
36 41 57 67 89
2011 2012 2013 2014 2015
2015 44
CHARITABLE DISTRIBUTIONS SINCE 2011
$
1,000,000
$
900,000
$
800,000
700,000
$
$
600,000
$
500,000
$
400,000
$
300,000
$
200,000
$
100,000
$ $
0
447K 2011
$
405K
$
2012
485K 2013
734K
$
2014
1.167MIL
$
2015
2015 5 5
Congratulations to: Camp Big Sky Carl Sandburg Historic Site Association Central Congregational Church Choral Dynamics Christmas in Action Discovery Depot Children’s Museum Galesburg Civic Art Center Galesburg Lions Club Galesburg Rotary Foundation Knox County Teen Court Knox Galesburg Symphony Knox Prairie Community Kitchen Learning Connections of Galesburg Older Americans Knox, Inc. Prairie Players Civic Theatre Rainbow Riders ROWVA Public Schools Foundation The Orpheum Theatre United Way of Knox County Warren County Historical Society
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20 NONPROFITS
“Pop The Cork” Twenty nonprofits serving Knox and Warren Counties successfully received match dollars from GCF to establish endowment funds supporting their missions. The organizations and their boards celebrated with a champagne toast- popping the cork to their success- in early July. President and CEO of GCF, Joshua Gibb, said, “This is a great accomplishment not only for these 20 organizations, their boards and donors, but also for our community. With an established endowment fund these 20 organizations will have resources to forever fulfill their missions which provide critical services to the residents of Knox and Warren Counties.” In 2015, the Community Foundation launched the Nonprofit Endowment Match Challenge. The program was originally offered to 10 organizations, however the response from nonprofits was overwhelming. Gibb said, “Our original intent was to offer the match program to 10 organizations. However, 20 organizations responded that they were ready to engage their donors and build endowments. We couldn’t pass on the opportunity. Our board allocated more dollars to the match program without hesitation.” The Nonprofit Endowment Match Challenge encouraged participating nonprofits serving Knox and Warren Counties to raise $10,000 from their donors. Upon raising the money, the Community Foundation matched the organizations with $10,000 allowing each organization to establish a $20,000 endowment fund. Endowment funds provide organizations a financial resource that produces an annual distribution to support their mission. Gibb said, “The work these organizations did to build their endowment funds shows that when you connect with donors in meaningful ways, donors will give in meaningful ways. Their work deserved celebration.” 77
ROWVA PUBLIC SCHOOLS FOUNDATION
Growth FOCUSES ON
The ROWVA Public Schools Foundation is focused on growth. The organization’s mission is to supplement and enhance the educational programs for ROWVA Public Schools by creatively generating and dispersing necessary financial support. Financial support is needed more than ever before. With a board committed to growth and providing the best possible experiences to students, greater efforts are being made to ensure the school foundation’s mission. One of the ways to secure their future is through an endowment fund. ROWVA Public Schools Foundation took advantage of GCF’s Nonprofit Endowment Challenge. While the ROWVA Public Schools Foundation board was nervous and unsure about how to begin the endowment building process they knew it was critical to future success. GCF challenged area nonprofits to raise $10,000 and then receive a match grant for $10,000 to establish an endowment fund at the Community Foundation. Mark Compton, the organization’s treasurer, said, “We’ve grown tremendously over the years. Now with the endowment fund we are in a different phase. The endowment fund provides donors with another way to give. Donors can give land, cash, or leave an estate gift.” Pat Turner, secretary for the organization, added, “This is for the long term. So we started thinking about other things we can do. Building the endowment is making us think about the next 50 years. With our endowment fund we will have money for ROWVA in the future.” Mary Stiers, vice president of the organization, summed up the experience, “What sticks in my mind from our planning session is that people will give to things that make a difference in a life or that changes a life. We’re making a difference in lives. And that’s what we are sharing with our donors.” ROWVA Public Schools Foundation successfully met their match goal for the endowment fund and celebrated with 19 other area nonprofits who also achieved their endowment fund goal. Meeting the match goal is just the beginning for these organizations-- building an endowment fund is a forever opportunity. 8
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HOME
IS WHERE THE
HEART IS
This is part one of a two part series focused on the impact of
donor advised funds in our communities. Part one explains why a local family decided a donor advised fund was the best way to fulfill their lifelong dream to give back. Part two will appear in our next issue and will focus on how the family established their donor advised fund. 10
For one local family the saying, “Home is where the heart is,” could not be more fitting.
Galesburg Community Foundation. GCF staff helped them learn more about donor advised funds and how it could help them meet their philanthropic and financial goals.
Home is certainly the place where dreams were made for Mark and Celia Godsil. Their home in Galesburg provided a loving place for them to raise their son, Zack.
Celia said, “We want our gift to last forever. We want our son and his family to someday carry on our gift and for it to grow. After talking with the GCF staff and learning about the simplicity of creating a fund, a donor advised fund made a lot of sense.”
The Godsil’s consider themselves a typical family, not necessarily wealthy, yet comfortable with where they are in life. They worked hard as a businessman and teacher, raised a son, and instilled in him that life isn’t just about taking-- it must include giving back. Mark said, “I always thought how great it would be to get to a point in our lives where we could support the things we love. Life isn’t just about taking. It’s about giving too.” Mark and Celia are big thinkers. They are planners. And, they are dedicated community members. They’ve always been big community supporters and dreamed for many years about establishing a family foundation. The Godsil’s knew they wanted to do something. With the recommendation of their professional advisor, Tom Maloney, they consulted the
For the Godsil’s gifting their home was the right avenue-- it was a hidden gem. With the gift of their home the Godsil’s doubled the benefit the community received. Mark and Celia also received a meaningful tax benefit. Celia said, “Every year we can give from our Donor Advised Fund to what we believe in-- what our family believes in. It’s amazing to think that our one time gift to GCF will allow our family to give for generations. And we can direct our gifts. The community is reaping a huge benefit and we are, too. Life is not about what’s in your hands. It’s about what’s inside you. It’s that feeling you get when you give. And we feel really good.” Look for part two of this story in our next Community Report, where we will explain how Mark and Celia gifted their home.
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DONATIONS Make a difference
When you donate to Community Treasures your donation makes a difference. Donations of gently used clothing and housewares are sold at Community Treasures and proceeds benefit GCF’s Impact Fund. The Impact Fund at GCF is an unrestricted endowment fund that provides grants to nonprofits serving Knox and Warren Counties. Community Treasures’ success relies on donations of gently used clothing and housewares. Community Treasures Manager, Tiffany Anderson said, “The growth of our store relies on donations from our community. Our customer base is also growing. We need the community’s help so we can grow and give back as much as we can.” All donations are eligible for a charitable deduction if you itemize your income tax return. Fill out the donation form on the next page and take your donation to the shop. Located at 444 E Main Street in Downtown Galesburg, the shop is open Monday- Friday from 9:00- 4:30 and Saturday’s from 10:00- 2:00. Donations can also be picked up. Call 309.342.9018 to schedule.
COMMUNITY TREASURES MAKES AN IMPACT
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STAFF MEMBERS VOLUNTEERS
75,819 12
VOLUNTEER HOURS
CONTRIBUTED SINCE 2011
DEPARTMENTS
Operated by volunteers of Galesburg Community Foundation 444 E. Main St., Galesburg, IL 6140 309.342.9018 Contributions to Community Treasures are deductible as charitable gifts if you itemize when preparing your income tax return. This form can be used to list your donations. While Community Treasures cannot be responsible for establishing the dollar value of your contributions, we will assist by verifying receipt of them. When listing is complete, mail or bring two copies to us for verification. We will promptly return the copy and keep the original for our files. As a guideline, the IRS usually allows 15% of the original cost of used clothing and 25% of household articles, furniture, or appliances. NO.
ITEMS
VALUE
NO.
ITEMS
VALUE
Donors Name and Address:_______________________________________________________________________________________ Received at Community Treasures by:______________________________________________________DATE:____________________ 13
246 East Main Street, Suite #101 Galesburg, IL 61401
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Strengthening local philanthropy to support healthy communities.