2019 Community Foundation Annual Report

Officers Geoff Verney President Robert D. Felch Vice President Melissa Philbrick Treasurer Magdalena Reid Secretary

Our Mission

Trustees

by creating and managing funds to ensure a legacy for charitable solutions

Tom Anathan Frank Anton Lisa Botticelli Maureen Fennessy Bousa Marc Feigen Andrew Forsyth Marsha Kotalac Kevin Marshall Neil Marttila Victoria McManus Linda Simmons Robert Tichio Chris Vineis Catherine Ward Finn Wentworth

Grant Maker –

Staff

by awarding grants through the Nantucket Fund™ and donor-directed funds that respond to pressing needs

Jeanne Miller Program Director

Our mission is to strengthen Nantucket now and for future generations through informed philanthropy and community leadership.

In pursuit of this mission, we act as a:

Steward –

Charitable Resource – by maintaining in-depth knowledge of the nonprofit sector, and by providing resources for donors, nonprofits, and the community

Catalyst – by mobilizing community leadership to effect collaborative solutions for Nantucket’s most critical issues

Margaretta Andrews Executive Director

Carlisle Jensen Program and Development Officer Diana Harrison Office Manager

9B Bayberry Court P.O. Box 204 Nantucket, MA 02554 508-825-9993 info@cfnan.org

cfnan.org

2019

Annual Report

2019/2020 Board of Trustees

2019 was an extraordinary year for the Community Foundation by any measure. Well over $2 million in grants were awarded through our nearly 100 charitable funds, assets increased by over $5 million, and we purchased an office to provide a permanent home for our team. There was very little time to celebrate, however, in the face of the 2020 pandemic, which overwhelmed our country and our Island.

The Foundation acted quickly to create an Emergency Relief Fund, and within a very short period of time, we raised over $1 million. Immediate relief is being provided to our human service providers as they remain

FOR EMERGENCY RELIEF

in business to serve their clients. Our goal, which depends on increased fundraising, is to support many of our nonprofits through this fund as they realize devastating revenue reductions. Programs and fundraising events will be severely impacted during the summer season, and the Community Foundation will do everything it can to help.

In March 2020, the Community Foundation established the Nantucket Fund for Emergency Relief.

We are heartened by the support we received from the community during 2019 and grateful for the response to this recent crisis. Many

The goal of this fund is to sustain critical care and services during the COVID-19 pandemic. We are committed to collaborating and coordinating with all of Nantucket to ensure that we work together to serve those who are vulnerable during this time of great need.

recognize that the Community Foundation is uniquely positioned to respond to a community crisis. Community foundations across the country are working closely as trusted partners with community leaders and funders to address this global pandemic, ensuring that grants are awarded quickly and strategically.

Nantucket will recover and emerge stronger than ever. New priorities will emerge, and some of our businesses and nonprofits may look different,

What a Year!

but we trust that the community spirit that is Nantucket will shine through.

Your Community Foundation will be here to help.

All of us at CFN thank you,

2017

2018

2019

Assets Under Management

$8,658,347

$9,106,657

$14,271,532

Total Grants Awarded

$2,625,164

$3,085,671

$2,320,277

# of Funds Under Management

93

95

99

Geoff Verney, President

Margaretta Andrews, Executive Director

2

Endowing the Nantucket Fund

Nantucket Fund 2019 Contributors

Our strategic initiative to endow the Nantucket Fund began quietly in July of 2018. Through generous donors like you, this fund has grown from a modest sum to over $5.5 million, and we are well on our way to our $10 million goal. The generosity of our donors astounds us, and we are grateful for your confidence in us as we continue to address the most pressing needs in the community for both today and tomorrow.

$1,000,000 McCausland Foundation*

$100,000 to $999,999 Anonymous

Barbara and Amos Hostetter

Cox Family Foundation

Jane and John Loose

Irene E. and George A. Davis Foundation*

John and Gretchen Penrose* The Gilbert Verney Foundation*

Michael and Elizabeth Galvin*

Major Gifts Initiative Growth $7,000,000

$6,000,000

$5,000,000

$50,000 to $99,999

$25,000 to $49,999

Frank and Georgine Anton*

Arbella Insurance Foundation*

Chip Carver and Anne DeLaney*

Lisa Botticelli and Ray Pohl*

Robert D. Felch*

Maureen Fennessy Bousa and Edward Bousa

Andrew Forsyth and Kelly Williams*

$4,000,000

$3,000,000

$2,000,000

The Gordon Gund and Llura Liggett Gund 1993 Foundation*

Cape Air/Nantucket Air*

William and Tracey Marshall*

Hy-Line Cruises

Peter and Bonnie McCausland*

Rogers & Gray Insurance*

Victoria McManus and John McDermott*

Sarah and David Steinberg*

Joe and Deidre Smialowski* $1,000,000

Mr. and Mrs. John Hilton*

* Multi-year pledged commitment

Mr. and Mrs. Robert Tichio* Toscana Corporation*

$0

Geoffrey and Elizabeth Verney* 2015

3

2017

Aug-2018

Dec-2018

Aug-2019

Dec-2019

Finn and Kim Wentworth* 4

“

Being a donor to the Nantucket Fund allows me to make an impact on the Island I call home. The Nantucket Fund ensures that I am able to give back to the vital organizations that address the most significant needs on-Island.

”

John and Jacqueline Keeshan Lyle Lothian and Deb Killen Katherine Logue and Jonathan Nyland Joshua Posner and Eileen Rudden Bonnie J. Sacerdote Karen Urban Chris and Paul Vineis

~ Carl Jelleme

$250 to $499

Daniel Shiff

Al and Mary Novissimo

Mr. W. Geoffrey Beattie*

Alexander Trebby and Ludivine Souhaut

Jane Oman

Richard and Sharon Hussey

Anonymous

Susan Kenny

Anne and Sandy Apgar

Rick and Sarah Knauft

John Arena

Jill Leinbach

Jeanne and John Bennett

Mr.† and Mrs. Dual A. Macintyre Jr.

Mr. B. Armyan Bernstein and Ms. Christine Meleo Mary Casey and Jeffrey Blackwell Amy and Benjamin Bloomstone

Albert Ottison

Dr. and Mrs. George Butterworth

Nicholas and Kathryn Pappas

Trish Bridier

Kristin Campbell and Chris Glowacki

Abby and Steve Perelman

George and Nell Wilson

Lois and Bill Druckemiller

Mr. Allen V. Collins†

Mr. and Mrs. Wayne Wytrzes

George and Maria Roach

Mr. Jay Craven

Lynn and Nick Nicholas

Robert Franklin and Charles Mappin

Siasconset Union Chapel

$1,000 to $2,499

Mr. A. Francis Robinson

Karel and Frank Greenberg

$2,500 to $9,999

Anonymous

The Schwartz Family Foundation

Ms. Toby A. Greenberg

Anonymous

Douglas and Nancy Abbey

Mr. and Mrs. Phil Stambaugh

Patricia S. and Thomas J. Anathan

Linny and Rick Andlinger

Margie and Bruce Warwick

Ritchie Battle

Bank of America Employee Matching Gift Campaign

James F. Meehan and Patricia White

Lesley Blanchard

Philip and Dorothy Bartlett

Jay and Stephanie Wilson

Jeanine and Alastair Borthwick Mr. and Mrs. Coleman P. Burke

Marlene Benson Margaret H. Blair Memorial Fund

Marc and Robin Wolpow Mr. Robert A. Young

Paul Bruno and Noel Berry

$500 to $999

Mr. and Mrs. Edward J. Casey Jr.

Ms. Deborah J. Bryan and Mr. Norman Silberdick

Amanda B. Cross

Janis E. Carreiro

Jockey Hollow Foundation

The Judy Family Foundation

Chris and Jim Cowperthwait

Steven and Pamela Leinbach

Mr. and Mrs. John Knox-Johnston

Daniel and Linda deMenocal

Toni and Martin McKerrow

Marsha Kotalac

Britt and Diane Newhouse Anne Olsen

Zeldy Lyman and Duncan A. White

Jeffrey and Julie Parker

Mr. and Mrs. Michael Massie

Lauri and Brian Posner

Monica and Tom McCasland

Karyn McLaughlin Frist Ellen and Christopher Hoeffel

Bob and Nancy Puff* Mr. and Mrs. John Ruttenberg

5

Jason L. Michel Germain and Patricia Newton Fund

David Oman

Chris and Marianna Brewster

Melissa and Nathaniel Philbrick

Jay and Clare Walker

Jeffrey and Deborah Nicholson Susan and Karl Ottison

John O'Toole

Nantucket License Plate Fund

Tom and Emilia Miner

Frances Brownell

James and Jennifer Denham

Ann and Johnny Johnson

Pamela Merriman

Rich and Janet Brannigan

Kenneth G. Bartels and Jane Condon

$10,000 to $24,999

Up to $250

Hepburn, Ltd Sandra Holland Sarah Oman Horne Julius† and Daintry Jensen Linda and John Johnson Paul W. Keeshan Patty and Gerry Keneally Pamela Lohmann Marilee B. Matteson Barbara O'Reilly »

Mr. and Mrs. Daniel Catlin Jr.

Priscilla Walker Dallmus George and Sarah deMenocal Carolyn Durand and Ben Champoux Paul and Marion Eklund Morgan Ellington Whit and Anne Gifford Wendy T. Gifford

Ms. Margaret C. Pignato Ms. Judith P. Powers Vic and Maureen Reed Edward and Susan Reilly Priscilla Reis Ferdinand and Janet Schmitz Kevin and Donna Singleton Penny F. Snow J. Barry and Charlene Thurston John and Helen Trebby

Network for Good, Inc.

Suellen Ward and John Copenhaver

Robert and Valerie Hall

Walter Wieners

Mason and Candice Heydt Ruth Hodges and John LeClaire

†

Deceased

* Multi-year pledged commitment

» Recurring

Ms. Dorinda D. Dodge Caroline and Douglass Ellis Elliot and Barbara Gewirtz Joe and Maria Grause Hatch's Package Store Sarah Oman Horne and Steve Horne Cissie Jones

6

Nantucket Fund Year in Review

Nantucket Fund

25 Grants, $180,000 to the Nantucket Community

2019 Grants

Uno

With the help of a Nantucket Fund Grant, the Alliance for Substance Abuse Prevention (ASAP) was able to offer their Community Awareness Program with Janina Kean in Spanish for the first time.

20

The number of homeless or inadequately housed individuals who attended the Winter Suppers hosted by the Unitarian Church.

These dinners were sponsored by a Nantucket Fund Grant.

300

One third of Nantucket Boys and Girls Club members learned online safety, digital literacy, coding, and digital photography skills through the My.Future program, which was funded through a Nantucket Fund Grant.

$90,000

Total Nantucket Fund Grants that supported Behavioral Health and Housing initiatives, the top two areas of concern as identified by the CFN Advisory Committee.

7

The Nantucket Fund is a permanent endowment for our Island.

Our annual grant making has become a vital resource to our Island nonprofits and the community. The 2019 grants included supporting an accessible children’s summer camp, helping replace roofs on year-round affordable rental homes, sailing excursions for our Island’s elders, transporting fresh food to the Island’s food pantry, and providing free warm meals for our Island’s homeless population.

8

Funds Under Management As of December 31, 2019

Donor Advised Max and Pam Berry Donor Advised Fund (2019) Burnt Swamp Forever Fund (2013) Stephen A. Davis Fund (2010) Dean Hutton Fund (2013) Dragonfly Donor Advised Fund (2011) Drial Donor Advised Fund (2010) Robert and Marsha Egan Family Fund (2012) Marianne Hutton Felch Fund (2019) The William H. Frist, M.D. Fund (2008) Wade Greene Donor Advised Fund (2015)

Germain D. and Patricia L. Newton Fund (2013)

Gary M. DaSilva Memorial Fund (2009)

Al and Mary Novissimo Giving Fund (2013)

William A. Hokkanen Endowment Fund (2013)

Olsen Family Fund (2018)

Robert and Eleanor Jones Fund for Adult Literacy (2012)

Penrose Family Foundation Fund (2013) Philbrick Family Fund (2013) Read Family Fund (2016) ReMain Nantucket Fund (2016) Scheerer-Schwanbeck Charitable Fund (2017) Schulte Advisory Fund (2013)

2020 Census Complete Count Fund (2019)

Henry W. Fee Jr. Memorial Scholarship Fund (2018)

Nantucket Cares (2017) Nantucket Culinary Arts Designated Fund (2014)

Jeanette T. Garneau Memorial Scholarship Fund (2013)

Nantucket Pond Coalition Fund (2014)

Jaeger Family – NiSHA Scholarship Fund (2012)

Nantucket Wheelers Fund (2013)

Magical Chicken Scholarship Fund (2011)

Ozone Surf Classic Fund (2013)

Pat Martin Scholarship Fund (2010)

Clarissa Porter Memorial Fund (2012)

Meredith Arts Scholarship Fund (2013)

Rising Tide Preschool Fund (2019)

Nantucket Culinary Arts Scholarship Fund (2013)

Duxtucket Paddle Babes Giving Circle (2013)

Jack Pignato Memorial Scholarship Fund (2014)

Simple Gifts Fund (2014)

Friends of Our Island Home Fund (2013)

TNP Academy Fund Community and Scholars Program (2017)

Elizabeth Thayer & E. Geoffrey Verney Fund (2018) Linden and Madeleine White Fund (2013) Whitcomb Family Advised Fund (2013)

Sally Roberts Mentor Scholarship Fund (2016) Sun Catcher Scholarship Fund (2015) Chris Witte Memorial Scholarship Fund (2019)

Agency / Organization Fairwinds/MY Fund (2017) Nantucket Community Television Fund (2016) Nantucket Safe Harbor for Animals Fund (2013) Nantucket S.T.A.R. Organizational Fund (2013) Small Friends Endowment Fund (2017)

Unrestricted – Grant Nantucket Fund Board Designated Endowment (2019) Nantucket Fund Endowment (2008) Nantucket Grants Fund (2018)

Gray Seal Research Fund (2012) Gutsy Givers Fund (2011) Ladies' Stroll Fund (2014) Madaket Conservation Association Project Fund (2011) Nantucket Analytics Fund (2019)

Will Brown Fund (2012)

Nantucket Golf Foundation Tuition Assistance Scholarship Fund (2010)

Designated

Nantucket Holidays for Heroes Service Dogs Fund (2016)

Moose Moss Donor Advised Fund (2015)

Edith Andrews Fund for Natural History and Ecology (2015)

NCH Community Health Fund (2017)

Margaret H. Blair Memorial Fund (2018)

Nantucket Town Association Reserve Fund (2009)

Britt and Diane Newhouse Charitable Fund (2016)

Jane Bonvini Memorial Fund (2014)

Nantucket Workforce/ Affordable Housing Fund (2016)

9

Gary and Glenn DaSilva Scholarship Fund (2014)

Shackelford Family Advised Fund (2008)

Hanabea Fund (2013)

Mill Pond Donor Advised Fund (2016)

William H. Brown Scholarship Fund (2012)

Sconset Playground and Park Fund (2013)

Phillip F. and Beverly T. Stambaugh Fund (2009)

2 Macs 1 Bloom Family Fund (2013)

Field of Interest – Projects

June Bartlett Scholarship Fund (2011)

Behavioral Health Task Force Fund (2015)

Hale Family Donor Advised Fund (2010)

Hoeffel Family Donor Advised Fund (2019)

Field of Interest – Partners

Taunton Hill Fund (2018)

Edith Andrews Ornithology Scholarship Fund (2015)

Donald B. Shackelford Advised Fund (2008)

G J Smith Donor Advised Fund (2014)

Rachel Hobart and Edward Toole Family Fund (2015)

SSC Pastoral Housing Fund (2010)

Sconset Civic Association Fund (2015)

Scholarship

Nantucket Looms Scholarship Fund (2018)

Gordon and Llura Gund Donor Advised Fund (2008)

Kevin Hickey and Eileen O'Gara Donor Advised Fund (2016)

Nantucket Nepalese Relief Fund (2015)

One Book One Island Fund (2013)

Nantucket License Plate Fund (2014)

The Cultural District Community Engagement Program is the newest addition to the ReMain Nantucket Fund. ReMain has designated a portion of their fund to allow qualified nonprofits to be reimbursed for the cost of meetings, workshops, and other programming within the Downtown Cultural District. Since 2018, over 35 meetings have been held downtown, enhancing the vitality of Nantucket's downtown economy as well as encouraging nonprofits to use new meeting spaces.

10

Individual Donors to Funds Under Management 2019 Contributors

Ellen and Christopher Hoeffel

Richard F. and Justine M. Kingham

Joan P. Holdgate

Barbara Kotalac

William and Louise Hourihan

Marsha Kotalac

Bette Ann Huyser Inquirer and Mirror Island Lumber Company The Islander Package Store Ann H. Jackson

Anonymous

Karla and Stephen Butler

Ben and Kristie Ferrantella

Jason Perkins Construction, Inc.

Catherine Aguiar

Susan Callan

Linda Ferrantella

Jewish Communal Fund

Albert F. Egan Jr & Dorothy H. Egan Foundation Inc.

Virginia Chambers

Tyler Finkle

Brenda B. Johnson

First Congregational Church

Sarah F. Alger, PC

Cheney Brothers Building & Renovation, LLC

Janet Amorello

Chip Webster Architecture

Margaretta Andrews

Coastal Counseling Associates

Annye's Whole Foods Artists Association of Nantucket, Inc. Olivia August Mr. and Mrs. John Backus Nathan Barber Janice L. Barefoot Carol A. Barrett Wendy Beardsley Arthur Bergeron Susan Berman Max Berry and Pamela Thomas Berry Bill Berthoud Lesley F. Blanchard Eleanor Blanton Carl Borchert and Randi Allfather Lisa Botticelli and Ray Pohl Andy Boynton Christin and Steve Brecher Kirk Briggs and Mary Vivian Lowell Bryan Jonathan Burkhart Michael Burns and Pell James

Jim and Jill Lentowski Libby Family Ann Lindley Nina Locario Donna and Jeff Lockhart Pamela Lohmann John Loose Annette Lorber Katherine Logue and Jonathan Nyland

Julie Fitzgerald and Carl Sjolund

Mason Johnson/ Woodmeister Master Builders

Sandra Flavin

Matthew Judson

Sharon J. Macinnis

Monica Sue and Stuart Flegg

The Judy Family Foundation

Richard and Mary Mack

Crowell Freeman† and Kathy Stevens

Mr. and Mrs. Michael H. Kalman

Janet MacKay and Frank Hanlon

James and Lisa Genthner

Karp Family Foundation

John Shea and Melissa MacLeod

Will Conroy

Mr. and Mrs. Richard J. Glidden

Diane Karper

Darcy Creech

Glouston Capital Partners

Randi Kaufman

Hugh Davis

Elisabeth S. Golden

Madaket Residents Association

DeLong Associates, Inc.

Ms. Bee Gonnella

Michelle M. Wall-Kerwin and Robert J. Kerwin

Dana Mallozzi

Penny Dey, Atlantic East Nantucket Real Estate

Barbara H. Gray

Mr. and Ms. Eugene Collatz Commonwealth of Massachusetts, CITC Rebate Maggie Conroy

Dennie Doran and Allan Bell

Richard N. Gray and Joanne T. Lawrence

Richard S. Dunn

Hannah Judy Gretz

Tharon and Lee Dunn

William and Kathleen Grieder

Fran Karttunen

“

Denise Lynch

Eleanor E. MacVicar

Marine Lumber Company Tom McCann Maura McGloin James and Priscilla McIntosh Victoria McManus and John McDermott Richard and Marianne Melville Carl Merritt Jeanne and Bruce Miller Jeffrey and Susanne Miller Beth Morris Museum of African American History, Inc. Nantucket Arts Council, Inc. Nantucket Atheneum Nantucket Book Partners Nantucket Community Music Center Nantucket Conservation Foundation Nantucket Golf Club Foundation, Inc. Nantucket Historical Association

Donald and Anne Edwards

Hale Family Foundation

Egan Group, Inc.

Mary Haley

This year, we had the eleventh meeting of the Gutsy Givers, a group of friends who get together every year for a dinner party to give back to our community. Over the years, we have given over $39,000 to local nonprofits that support our community, which is pretty amazing.

Marsha and Bob Egan

Patricia Haley

~ Marsha Kotalac, Gutsy Giver

Margaret R. Eger

Dorothy E. Hancock

Paul and Marion Eklund

Michael P. Hanlon

Jeremy and Tanya Eldridge

Reginald and Genevieve Harmon

Carolyn Durand and Ben Champoux

Marcia T. Eldridge Janice Ellsworth William and Susan Ewing Janet Eyre

LeeAnn Buse

Sheila and Matthew Fee

Mrs. Arthur Butler

Robert D. Felch

11

Kathleen Legg

James and Alice Malone

Mary and Robert Haft

”

Martha Heidl Kevin Hickey and Nellie O'Gara Eugene and Janet Hilzenrath Ms. Rachel Hobart and Mr. Edward S. Toole

12

The Nantucket Hotel Nantucket Island Chamber of Commerce Nantucket License Plate Fund

Jennifer and Gabriella Psaradelis J. M. Ramos, Inc. Read Family Fund Vic and Maureen Reed

Nantucket Lighthouse School, Inc.

Diana Regan

Nantucket Lightship Basket Museum

Priscilla Reis

Julie and Karsten Reinemo

Nantucket Looms

Roberta Reis

Nantucket Preservation Trust, Inc

Norman and Linda Reith

Nantucket Triathlon Neil Paterson, Inc.

Thomas and Lee Anne Richard

Network for Good, Inc.

Nate and Tracy Roberts

Chip and Anne Newton

Alice Rogoff

Mr. and Mrs. Germain D. Newton

Ryder Electric, Inc.

Sybil Nickerson Al and Mary Novissimo

Santos Rubbish Removal, Inc.

Anne Olsen

Sarah F. Alger, PC

Barbara O'Reilly

Ann Schmidt

Deanne Ottaviano

Peter and Kimberly Schulam

Susan and Karl Ottison

Janet Schulte

Partners Healthcare System, Inc.

Cheryl Maureen Searle

Trish Pastuszak

Robert and Lois Shapiro

Laurie and Thomas Paterson

Reema Sherry

John and Gretchen Penrose

Catherine Slattery

Cheryl Perelman

Joe and Deidre Smialowski

Anne Perkins

Jeremiah and Shirley Smith

Olivia Petrasch

Geoffrey Smith

Judith Phelan

Paul and Theresa Smith

Philanthropy Massachusetts

Rev. Georgia Ann Snell

Carol Pillion

Deborah Speer

Neil and Andrea Planzer

Spring Sea Run Opener

Martha and Charley Polachi

William Struncis

Ms. Kathleen N. Psaradelis

ReMain Nantucket, LLC

Richard and Barbara Sada

Alex and Christine Seaver

Community Foundation for Nantucket

Marianne and Kurt Sullivan Joseph and Nancy Swain

Year in Review

Swain's Travel, Inc. Tina Tait Mark Tercek Shirley Thompson Susan E. Thurston Mr. and Mrs. Robert Tichio The Tilton Family Steven and Elizabeth Tornovish Toscana Corporation Town of Nantucket

The Community Foundation for Nantucket has grown dramatically over the past few years. We are proud to manage nearly 100 funds and be a philanthropic leader on Nantucket, delivering the highest quality donor services.

Marjory Trott Tupancy-Harris Foundation Leslie Tustin Scott Ulm Union Lodge F. & A.M. Jane and Kenneth Valero Elizabeth Thayer & E. Geoffrey Verney Foundation Laura Wasserman and Ian Golding Duncan White Linden and Edith White Susan Widger Mr. and Mrs. Edward Wight

In 2019, the Foundation achieved accreditation with National Standards for U.S. Community Foundations®. This accreditation, signified by the Seal shown here, indicates that the Community Foundation for Nantucket meets the highest standards for philanthropic excellence.

Will Brown Fund Duncan Will Cary M. Williams Emily Yacus and Josh and Lily Frost

†

Deceased

“

This is a significant accomplishment. When people trust CFN with a charitable bequest, to establish a fund, or set up an annuity, they do it knowing that we have met rigorous standards for donor services, investment management, grantmaking, and administration. ~ Geoff Verney, CFN Board President

13

”

14

Community Foundation Introduces

Rising Tide Preschool

2019

Cornerstone Contributors Supporting the Foundation’s Operations $25,000+

In December of 2019, Nantucket Children’s Center (formally Wee Whalers) abruptly shut its doors. With our help, the staff and parents are creating a nonprofit to take its place, Rising Tide Preschool. Through the Community Foundation, they have opened a Field of Interest Fund to collect donations and process expenses until they obtain their nonprofit status. In addition, the Foundation awarded them a Nantucket Fund Grant to kick-start their journey to become a stable resource for our Island’s working parents and their children.

$10,000 to $24,999

Marine Home Center°

Ellen and Christopher Hoeffel*

Susan Blount and Richard Bard

Monica and Tom McCasland

Barbara and Amos Hostetter

Christina Craighead

Victoria McManus and John McDermott*

Stephen A. Davis*

Mr. and Mrs. Donald B. Shackelford*

Marc and Sheri Feigen

Mrs. W. Laird Stabler Jr.

Reid Builders°

Michael and Elizabeth Galvin

Stillwaters Charitable Trust

Lucile W. Hays*

Finn and Kim Wentworth

$2,500 to $9,999

$1,000 to $2,499

40North, 70West, Inc.°

Anonymous

Douglas and Nancy Abbey

Patricia S. and Thomas J. Anathan

Chris Bierly and Margaret Boasberg

Curtis L. Barnes

Zeldy Lyman and Duncan White Mr. and Mrs. Ian R. MacKenzie Gregory and Tracey Morzano Sherley Newell

Maureen Fennessy Bousa and Edward Bousa

Mr. and Mrs. C. Marshall Beale

Mr. and Mrs. Robert Butler

Marlene J. Benson

Kathleen and Jim Poole

Gretchen and David Callahan

Annie Bissinger and Mark Poor

Bob and Nancy Puff

Lisa Botticelli and Ray Pohl

Heather Reisman and Gerald Schwartz

Beth and Wayne Davies Eastwood Flooring° Marianne and Bob Felch †

Will Brown Fund

Jane Oman

Mrs. Magdalena Padzik Reid »

James A. Burruss and Mary H. Fontaine

David and Lori Sherrill

The Cape Cod Five Charitable Foundation Trust

Barbara and David Spitler

Nantucket Networks°

Chip Carver and Anne DeLaney

Mr. and Mrs. Phil Stambaugh

Albert Ottison

Heidi Cox

Lynn Petrasch

Amanda B. Cross

Melissa and Nathaniel Philbrick

Beth and Wayne Davies

Mary and Robert Haft Hoff Woodworking° Sandra Holland » Maine and ACK HVAC°

Protext Electric° Mr. and Mrs. Robert Tichio Geoffrey and Elizabeth Verney Jim and Roselee Wayman

Mr. and Mrs. Michael Eisenson Andrew Forsyth and Kelly Williams The Islander Package Store Marsha Kotalac Richard and Nancy Lubin

15

Susan and Karl Ottison

Siasconset Union Chapel Greg and Laura Spivy George and Ann Thom Sandra Urie and Frank Herron Jay and Clare Walker Rick and Jean Witmer

$500 to $999 Carrie and Leigh Abramson Frank and Georgine Anton Mr. and Mrs. Harrison M. Bains Jr.

16

“

The Community Foundation for Nantucket has a well-earned reputation as a convener and leader for positive change for the future of Nantucket.

”

~ Senator Julian Cyr

Mary Randolph Ballinger Kenneth G. Bartels and Jane Condon Bill Belichick and Linda Holliday Mr. and Mrs. Daniel Blumenthal Joan R. Bolling Mr. and Mrs. W. Michael Cozort Mr. and Mrs. Alan Deombeleg

Marilee Matteson Polly and Nick Miller

Melanie and Bob Sabelhaus

Nantucket Glass and Mirror

Schwab Charitable Matching Gift Fund

Nantucket Pharmacy The Racemaker Charitable Fund Peg and Phil Read George and Maria Roach Harry and Therese Robishaw Brian Sullivan

Lee and Tharon Dunn

Catherine S. Ward

Julie Fitzgerald and Carl Sjolund

Linden and Madeleine White Fund

Allan and Harriette Fox

$250 to $499

Ted and Andrea Giletti

Diana and Jeff Owen

Andre Spears and Anne Rosen Ramsay and Holly Stabler

Susan Beamish

Kevin Marshall

Neil and Lauren Marttila

Al and Mary Novissimo

17

Janis E. Carreiro William Cashman

Ali and Peter Jennison Susan Kenny

Pamela Van Hoven Clark

Richard F. and Justine M. Kingham

Fredrika V. Cox

Marsha Kotalac

Jack and Renee Cuneo

Ed and Cyndi Maggio

Mr. and Mrs. David S. Deutsch

Thomas and Amy Maggs

Dennis Doran

Mr. and Mrs. Philip Marks Jr. Bea Dolan Murphy

Tish Emerson

Dr. Frederick and Mary Seidel Rev. Linda Simmons Charles Soule Craig and Linda Spery John and Lynne Stahler Robert and Deborah Taylor Mr. and Mrs. J. Gwynne Thorsen Clark and Andrea Wagner Nancy G. Walker

Sheila and Matthew Fee

Nantucket License Plate Fund

Rachael Freeman and Sam Slosek

Jeffrey and Deborah Nicholson

Mr. and Mrs. Lou Gennaro

James and Cheryl Perelman

Lew and Wendy Winger

Wendy T. Gifford

Abby and Steve Perelman

Brian and Allison Woram

Peggy Gilfoy

Elizabeth A. Polster

Mimi Young

Mr. and Mrs. Paul Gudonis

Ms. Judith P. Powers

†

Robert and Valerie Hall

Ms. Diana R. Regan

* Multi-year pledged commitment

Khaled and Jennifer Hashem

Mary Reichl

» Recurring

Bonnie J. Sacerdote

° In-kind

Charles and Nancy Walters Emma Ward Dr. and Mrs. Francis M. Weld

Deceased

The Community Foundation's new office at 9B Bayberry Court.

AmazonSmile Foundation

Robert Franklin and Charles Mappin

John and Judith Lochtefeld

Barbara S. Jenkins

Anonymous

John Arena

Lucille A. Jordan

Kristin Campbell and Chris Glowacki

Nancy Tower Scott

Up to $250

Mr. and Mrs. Eric Holch

Cecil Barron Jensen and Paul Jensen

Fred † and Jan Jaeger

Suellen Ward and John Copenhaver

Judith and Daniel Drake

David Berson and Katie Lacey

Robert and Norma Burton

Mr. Eric Savetsky and Ms. Ann Fitzgerald

Chris and Paul Vineis

Christian and Liliane Haub

Joe and Maria Grause

Mrs. Joan P. Holdgate

Mr. and Mrs. W. Laird Stabler III

Chris and Marianna Brewster

William and Louise Hourihan

Kyra and Charlie Haydock

Hepburn, Ltd

Don and Mary Shockey

Hatch's Package Store

Ann and Peter Holmes

John and Lisa Bermel

Steve and Marcia Anderson

Mr. and Mrs. Kenneth L. Beaugrand Judy and John Belash Gary A. and Carole P. Beller Jeanne and John Bennett Mr. and Mrs. Edward S. Bent

18

Leadership Conference

“

Scholarships

We established the Taunton Hill Fund with the Community Foundation as a way to support the Nonprofit community on-Island as well as provide invaluable educational opportunities for these community leaders. In the past two years,

In 2019, the Foundation awarded $64,000 in community scholarships to 28 local students. Each scholarship was established by donors for the purpose of helping younger generations of Nantucketers further their education through both graduate and undergraduate programs.

Margaretta and her team have expertly produced two full-day Nonprofit Leadership Conferences, which emphasized skill-building, collaboration, networking, and leadership.

It has been most rewarding to work with the Foundation

�

to see our vision come to life. ~ Joe and Deidre Smialowski 19

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Memorial Gifts

Tribute Gifts

2019 Contributors

2019 Contributors

Memorial gifts include donations made in memory of members of the Nantucket community. In memory of:

Tribute gifts include donations made in honor of and in celebration of people and special events. In honor of:

June Albaugh

Frank and Georgine Anton

Kathleen and William Grieder

Franklin Bartlett Susan and Karl Ottison Albert Ottison

Allen Vincent Collins Priscilla Walker Dallmus

Mr. and Mrs. Ronald M. DaSilva Diana Regan

Marinne Hutton Felch Sarah Alger and Bruce Malenfant Margaretta Andrews Allan Bell and Dennie Doran Lisa Botticelli and Ray Pohl

Carolyn Durand and Ben Champoux Janet Eyre Bob Felch Tyler Finkle Donna and Jeff Lockhart Victoria McManus and John McDermott Al and Mary Novissimo Vic and Maureen Reed Mr. and Mrs. Robert Tichio Clare and Jay Walker Duncan Will

Donald Freytag Jane Oman

Joan McCreery Gerster

Lalande McCreery Keeshan Paul Keeshan

Dr. James McMullen Susan and Karl Ottison Albert Ottison

David Ozias John and Annie Backus

Louise Swift Trish Pastuszak

Marcia Wasserman Joanne Lawrence and Richard Gray Annette Lorber Nancy Swain Laura Wasserman and Ian Golding

Mr. and Mrs. James S. Denham IV

Maureen Fennessy Bousa Jeanine and Alastair Borthwick

Judy Fee Judy's YacFros

Bob Felch Kenneth G. Bartels and Jane Condon

Alison Forsgren Penny Dey, Atlantic East Nantucket Real Estate

Virginia Geller David and Kathy Geller

Ellen and Christopher Hoeffel Sarah Oman Horne

Sarah Oman Horne David Oman

Patience Killen James and Cheryl Perelman

Marsha Kotalac Paul Keeshan

Jeanne Miller John and Jane Loose

Jane Oman David Oman

David Oman Jane Oman

Geoff Verney Lynn and Nick Nicholas Bonnie J. Sacerdote

Legacy Society

Paul Keeshan

2019 Contributors In December 2019, a beloved member of the community passed away. Marianne Hutton Felch was actively engaged in religious, educational, and social service pursuits on her beloved island. Her husband, CFN Trustee Bob Felch, chose to honor her legacy by creating the Marianne Hutton Felch Fund to support a group of local nonprofits that aligned with Marianne’s wishes. Many donations to this fund were made after the New Year; those donors will be listed in our 2020 Annual Report.

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The Community Foundation recognizes and thanks friends listed below who have arranged a bequest or made a planned gift to the Foundation.

Patricia and Thomas Anathan

Zeldy Lyman and Duncan White

Susan Ottison

Margaret H. Blair †

Thomas Maggs

Nancy Chase †

Chris and Linda Meredith

Lynn Petrasch

Marsha Egan

Anne Olsen

Robert D. Felch

Richard H.† and Jane Oman

John Penrose Philip Stambaugh †

Deceased

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Community Foundation Reacts to COVID- 19

Community Foundation for Nantucket

New Office

FOR EMERGENCY RELIEF

The Nantucket Fund for Emergency Relief addresses immediate and long-term needs stemming from the COVID-19 crisis. Grants focus on providing operational assistance to our Island’s nonprofit human service providers. As of April 2020, we awarded $434,000 in grants to 15 Island organizations.

To meet the ever-changing needs of many Nantucket residents during the pandemic, the Foundation designated funds within the Nantucket Fund for Emergency Relief specifically for food. The Food Initiative encourages nonprofits to partner with local restaurants to order meals for their constituents. In turn, the Foundation reimburses the nonprofits for the cost of the meals. This initiative has funded an average of 900 meals to our community.

Trustees and staff celebrating the opening of our new office with a Nantucket Island Chamber of Commerce ribbon-cutting ceremony.

In April 2019, we moved into our permanent home. Since opening our doors, 9B Bayberry Court has become a hub of activity. It is a place where many of our Island organizations convene, collaborate, and make a difference in our community. We are enormously grateful to everyone, especially our contractor, Rob Reid, for helping us along the way.

In-kind Donors: 40North, 70West, Inc. Eastwood Flooring Hoff Woodworking Marine Home Center Maine and ACK HVAC Nantucket Glass & Mirror

ACK SAVES Fund is a designated fund to support Nantucket Food, Fuel, and Rental Assistance. This fund was established to help serve the immediate and emergent needs of individual islanders and their families.

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Nantucket Networks Protex Electric Reid Builders 24

Statement of Financial Position

Statement of Operation Activities

Year Ended December 31

Year Ended December 31

2019

Assets

Current Assets Cash and Cash Equivalents Contributions Receivable Prepaid Expenses

$

Total Current Assets

Net Property and Equipment Non-Current Assets

1,709,250 856,452 5,841 2,571,543 938,952

$

10,206,385 554,652 10,761,037

Long-Term Investments Cash Held for Real Estate Purchase Real Estate Purchase Deposit Contributions Receivable, Net of Discount

Total Non-Current Assets

Total Assets

2018 1,156,826 383,576 3,112 1,543,514 3,601 6,883,672 79,000 79,750 517,120 7,559,542

$ 14,271,532

$

9,106,657

Liabilities and Net Assets

2018

Support and Revenues Gifts, Grants and Contributions Grants and Contributions In-Kind Donations

$

5,958,238 $112,630

$ 4,588,339 $0

1,311,949

(308,720)

136,083

140,389

Other Revenues Investment Return (Loss) Other Revenue Received on Behalf of Funds

Total Support and Revenues

$

7,518,900

$

4,420,008

Functional Expenses

Current Liabilities

$

Current Portion of Long-Term Debt Accounts Payable Grants Payable Grants Payable from Agency Funds Held For Others Agency Funds Held For Others

Total Current Liabilities

10,451 20,522 63,277 248,871 343,121

$

7,882 34,956 270,100 312,938

Long-Term Liabilities Long-Term Debt, Net of Current Portion

Total Long-Term Liabilities

Total Liabilities Net Assets

588,409

-

588,409

-

931,530

312,938

5,182,851 132,704 223,139 574,156 556,194 780,252 1,250,957 357,199 340,092 9,397,544

3,967,205 141,203 182,742 517,541 483,346 615,234 645,560 503,253 7,056,084

555,904 3,386,554 3,942,548 13,340,002 14,271,532

900,696 836,939 1,737,635 8,793,719 9,106,657

Net Assets Without Donor Restrictions: Donor-Advised Funds Designated Funds Special Project Funds Partner Funds Scholarship Funds Nantucket Fund - Grantmaking Nantucket Fund - Board Designated Endowment

Operating Funds Invested in Property and Equipment Total Net Assets Without Donor Restrictions

Net Assets With Donor Restrictions: Restricted by Time Nantucket Fund - Donor Designated Endowment Total Net Assets With Donor Restrictions

Total Net Assets

Total Liabilities and Net Assets

2019

$

$

Total Program Services $

Grants Program Expenses on Behalf of Funds Program Related Operating Expenses

Total Program Services Administrative Fund Raising Total Functional Expenses Total Changes in Net Assets Net Assets - Beginning of Year Net Assets - End of Year

Financial information is extracted from the financial statements that were audited by Smith, Sullivan & Brown PC, who rendered an unqualified opinion on them. Copies of the complete financial statements are available on our website at www.cfnan.org.

$

2,320,277 138,477 228,548

$

3,085,671 283,316 209,423

2,687,302

3,578,410

192,016

178,156

93,299

81,186

2,972,617

3,837,752

4,546,283

582,256

8,793,719

8,211,463

13,340,002

$

8,793,719

Functional Expenses 5% 2%

6% 3%

91%

2019

93%

2018

Total Program Services Administrative Fund Raising

26