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Officers Victoria McManus President Geoff Verney Vice President Neil Marttila Treasurer Marsha Egan Secretary

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

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

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 affect collaborative solutions for Nantucket’s most critical issues

Trustees Maureen Bousa Robert D. Felch Andrew Forsyth Ellen Hoeffel Tucker Holland Rev. Gary Klingsporn Zeldy Lyman Melissa Philbrick Magdalena Reid Robert Tichio Cathy Ward

Staff Margaretta Andrews Executive Director Jeanne Miller Program Director Carlisle Jensen Program & Development Coordinator Kristin Campbell Office Manager

117 Orange Street P.O. Box 204 Nantucket, MA 02554 508-825-9993 info@cfnan.org

cfnan.org

2017

2017/2018 Board of Trustees

Annual Report


Another Strong Year! 2015

2016

2017

Assets Under Management

$3,912,074

$6,773,955

$8,658,347

Total Grants Awarded

$841,684

$1,750,422

$2,625,164

# of Funds Under Management

84

90

93

CFN Strategic Plan Goal #1: Growing Nantucket’s Endowment Develop and maintain funds to serve as a permanent legacy for charitable giving on Nantucket. Ensure that the Nantucket Fund will financially support and focus attention on the Island’s most critical needs and initiatives.

Goal 2: Convening our Community #

Serve as an information and education resource on community needs. Convene community members to identify key community needs, causes, and solutions.

Together, we can make a difference. Each year the Community Foundation for Nantucket has made incredible progress by working in partnership with Nantucket stakeholders. We face many of the same challenges here on Nantucket as the rest of our communities do nation-wide. Together, we have the power to create life changing opportunities and find solutions to current problems. By leveraging the talents and resources of all sectors – public, private and philanthropic – we can make an impact with a level of effectiveness that none of us could achieve on our own. By uniting the passion and commitment of donors, community members and nonprofits, we can create sustainable solutions that will continue to change lives for years to come. In this report, you will see how we are making progress on our own Strategic Plan. We are working to become the very best partner we can be for the community of Nantucket. You will also see how the Community Foundation for Nantucket and our partners are taking on the Island’s most pressing challenges. I invite you to learn more about our work, our partners, our stewardship of charitable funds and our legacy fund, the Nantucket Fund. Join us in making an impact and preserving our wonderful community together for the years ahead.

With our gratitude,

Goal #3: Strengthening our Foundation Develop best in class organizational leadership and recruit staff and trustees who bring new perspectives, skills, and strengths to our organization.

Victoria McManus President 2


1 #

Goal

Growing Nantucket’s Endowment

$2,500 to $9,999 Arbella Insurance Foundation*

$500 to $999

Cape Air/Nantucket Air*

Debby Belichick

Janis E. Carreiro

Jockey Hollow Foundation

Mark Bono and Elizabeth Gilbert-Bono

William Cashman

Alan Schwartz and Nancy Seaman

$10,000+ Ritchie Battle Max and Pamela Berry* Chip Carver and Anne DeLaney* Diamond Family Foundation* Andrew Forsyth and Kelly Williams* Chuck and Nan Geschke* 3

Hy-Line Cruises John and Jane Loose* William and Tracey Marshall* Peter and Bonnie McCausland* John McDermott*

Siasconset Union Chapel

David and Susan Brownwood

Ms. Susan M. Callan

Howard B. Chadwick, Jr. Mr. and Mrs. Bernard Coffin Posie Constable

Connie and Dan Driscoll

Dan and Linda deMenocal

Joe and Maria Grause

Lois and Bill Druckemiller

Geoffrey Beattie*

Rick Hajjar

Lee and Tharon Dunn

Marlene Benson

John and Jacqueline Keeshan

Carolyn Durand and Ben Champoux

The MacNeill Family

Paul and Marion Eklund

Madaket Marine

Morgan Ellington

Mr. and Mrs. Germain D. Newton

Tish Emerson Anne A. Fischell

Marianne and Bob Felch

Melissa and Nathaniel Philbrick

First Congregational Church

Karen Urban

Mr. and Mrs. Peter W. Gerster

Charles and Kaaren Hale

Scott Widemeyer and Alan Yount

Elliot and Barbara Gewirtz

The George and Marie Chabot Charitable Foundation Jeff and Maureen Crowley

Iacocca Family Foundation William and Louise Hourihan Marsha Kotalac

Joseph and Deidre Smialowski*

John and Judith Lochtefeld

Mr. and Mrs. Robert Tichio*

Monica and Tom McCasland*

Zeldy Lyman and Duncan A. White

Toni and Martin McKerrow

Mr. and Mrs. Jay Wilson

Janet Eyre

Wendy Gifford Doris Glazer

Up to $499

Herbie Glowacki

Anonymous

Seth and Karen Gottlieb

Joan Albaugh

Karel and Frank Greenberg

George T. Albrecht

Ms. Toby A. Greenberg

Patricia S. and Thomas J. Anathan

Brooks and Sally Hall

Rick and Linny Andlinger

Mason and Candice Heydt

Anne and Sandy Apgar

Mr. and Mrs. Eugene Hilzenrath

Robert and Valerie Hall

Toscana Corporation*

Nantucket License Plate Fund Sarah and Jeff Newton

Michael Bachman

The Gilbert Verney Foundation*

Al and Mary Novissimo

Ken and Gussie Beaugrand

Natasha and Peter O'Brien

Judy and John Belash

Jane W. Oman

Jeanne and John Bennett

Sarah Oman Horne and Steve Horne

John and Suzy O'Toole

Greg Bird

Barbara Jenkins

Bob and Nancy Puff*

Chris and Marianna Brewster

Linda and John Johnson

Victoria McManus* Britt and Diane Newhouse

Doug and Patti Brown

George and Kathy Butterworth

Dan's Pharmacy

Marsha and Bob Egan

Mr. and Mrs. John B. Penrose*

ZERO MAIN on Centre

Patricia Curran

Alexander Trebby

Blue Hills Bank Foundation

The Gordon Gund and Llura Liggett Gund 1993 Foundation*

Mr. and Mrs. William W. Burnham

Ms. Lisa Botticelli and Mr. Ray Pohl*

$1,000 to $2,499

Nantucket Fund Sustainers:

Paul and Valerie Bruning

Jay and Clare Walker

Rogers & Gray Insurance*

2017 Contributors

Janet and Rick Sherlund

Frances Brownell

Annie Bissinger and Mark Poor

Jeffrey and Julie Parker

Nantucket Fund

Schwab Charitable Matching Gift Fund

* Multi-year pledged commitment

Heather Reisman and Gerald Schwartz

Caroline S. Applegate

Gene and Susan Briskman

Ruth Hodges and John LeClaire Mr. and Mrs. Eric Holch

Diane Karper

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Jacqueline and Sami Kassis

Jeanne and Bruce Miller

Paul W. Keeshan

Tom and Emilia Miner

Susan Kenny

Mr. and Mrs. Christopher Mortenson

Jill L. Leinbach Ms. Eleanor E. MacVicar

James and Cheryl Perelman

Ed and Cindi Maggio

Carolyn Thayer

2017 Grant Recipients

Laura Wasserman and Ian Golding Mrs. Bracebridge Young

Ms. Margaret C. Pignato

Charlotte Mathey Holly and Martin McGowan Jan Metcalf

Abby and Steve Perelman

Nantucket Fund

Ferdinand and Janet Schmitz

Joseph and Mary Reichl Robert and Susan Ried

Deceased

* Multi-year pledged commitment

2017 Nantucket Fund Grants By Sector

Housing — Habitat for Humanity, Housing Nantucket, Nantucket Food, Fuel, and Rental Assistance $50,000.00

Matching Grant to Nantucket Food, Fuel, and Rental Assistance

Mental Health/Substance Use Disorder — ASAP, A Safe Place, Artists Association, Fairwinds, Gosnold $45,975.00 Education & Childcare — Egan Maritime Institute, FONPS, Nantucket Book

Foundation, Nantucket Island Safe Harbor for Animals, Small Friends on Nantucket $17,000.00

Youth & Recreation — Dreamland Foundation, Nantucket Community Sailing, STAR

Diversity Initiatives — Nantucket Community School,

$11,500.00

Nantucket Music Center, Linda Loring Nature Foundation

$15,000.00

Health/Medicine — Health Imperatives, Nantucket Cottage Hospital

$13,000.00

Nutrition/Food — Nantucket Food, Fuel, and Rental Assistance, Sustainable Nantucket

$10,500.00

Organizations named twice have had funding separated into two categories

$162,975.00

Nutrition/Food 7% Youth & Recreation 7% Housing 31%

In addition to our annual grants cycle in July, we announced our first matching grant from the Nantucket Fund. During the fall of 2017, we matched any gift made to Nantucket Food, Fuel, and Rental Assistance up to $10,000. We were thrilled that this Nantucket Fund challenge was met more than three times over, raising $40,000 to help provide direct support to Nantucketers. "This grant is an important signal of the power of philanthropy to rally around the needs of the people who live on the island. The Nantucket Fund matching grant played a critical role in helping us launch our annual appeal and will help us provide much needed services to Nantucketers, year round!" ~ Janis Carreiro, Executive Director of Nantucket Food, Fuel and Rental Assistance

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Health/Medicine 8%

Diversity 9%

Education & Childcare 10% Mental Health/ Substance Use Disorder 28%

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Funds Under Management As of December 31, 2017

Donor Advised

2017 by the Numbers!

Burnt Swamp Forever Fund (2013) Stephen A. Davis Fund (2010) Dean Hutton Fund (2013) Dragonfly Donor Advised Fund (2011)

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The number of hours a day Small Friends

Drial Donor Advised Fund (2010)

of Nantucket is able to provide childcare.

Robert and Marsha Egan Family Fund (2012)

A Nantucket Fund grant helped them offer extended hours for our island’s

The William H. Frist, M.D. Fund (2008)

working parents.

Wade Greene Donor Advised Fund (2015) Gordon and Llura Gund Endowed Donor Advised Fund (2008)

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The number of trauma victims who

Hale Family Donor Advised Fund (2010)

received regular treatment at A Safe

Hanabea Fund (2013)

Place from a trauma therapist supported by the Nantucket Fund.

Kevin Hickey and Eileen O'Gara Donor Advised Fund (2016) Rachel Hobart and Edward Toole Family Fund (2015)

30 740

The number of year-round households who had access to stable and affordable housing

Mill Pond Donor Advised Fund (2016)

thanks in part to a Nantucket Fund grant to

Moose Moss Donor Advised Fund (2015)

Housing Nantucket.

NCH Community Health Fund (2017) Britt and Diane Newhouse Charitable Fund (2016)

The number of Nantucket residents

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

who participated in the Nantucket

Al and Mary Novissimo Giving Fund (2013)

Fund-sponsored Elder Needs Survey. 7

2 Macs 1 Bloom Family Fund (2013)

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) Donald B. Shackelford Advised Fund (2008) Shackelford Family Advised Fund (2008) Simple Gifts Fund (2014) G J Smith Donor Advised Fund (2014) Phillip F. and Beverly T. Stambaugh Fund (2009) Varbalow Family Donor Advised Fund (2014) Linden and Madeleine White Fund (2013) Whitcomb Family Advised Fund (2013) Will Brown Fund (2012)

Designated Edith Andrews Fund for Natural History and Ecology (2015) Jane Bonvini Memorial Fund (2014) Gary M. DaSilva Memorial Fund (2009) William A. Hokkanen Endowment Fund (2013) Robert and Eleanor Jones Fund for Adult Literacy (2012) Nantucket Nepalese Relief Fund (2015) SSC Pastoral Housing Fund (2010) Tower Preservation and Building Fund (2015) Tulgey Wood Fund (2015)

Field of Interest Partners Behavioral Health Task Force Fund (2015) Duxtucket Paddle Babes Giving Circle (2013) Friends of Our Island Home Fund (2013) Gray Seal Research Fund (2012) Gutsy Givers Fund (2011) Ladies Stroll Fund (2014) Madaket Conservation Association Project Fund (2011) Nantucket Cares (2017) Nantucket Golf Foundation Tuition Assistance Scholarship Fund (2010) Nantucket Holidays for Heroes Service Dogs Fund (2016) Nantucket License Plate Fund (2014) Nantucket Town Association Reserve Fund (2009) Nantucket Workforce/ Affordable Housing Fund (2016) One Book One Island Fund (2013) Rotary Club of Nantucket Charitable Fund (2016) Sconset Civic Association Fund (2015) TNP Academy Fund (2012)

Field of Interest Projects Addiction Solutions Fund (2016) Nantucket Christmas Pageant Fund (2013)

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Nantucket Culinary Arts Designated Fund (2014) Nantucket Pond Coalition Fund (2014) Nantucket Wheelers Fund (2013) Ozone Surf Classic Fund (2013) Clarissa Porter Memorial Fund (2012) Sconset Playground and Park Fund (2013) TNP Academy – Community and Scholars (2017) TNP Academy – Illumination Tour (2017)

Robert and Alda Barrett Memorial Scholarship Fund (2013) June Bartlett Scholarship Fund (2011) William H. Brown Scholarship Fund (2012) Gary and Glenn DaSilva Scholarship Fund (2014) Jeanette T. Garneau Memorial Scholarship Fund (2013) Geronimo's Scholarship Fund (2012) Magical Chicken Scholarship Fund (2011) Pat Martin Scholarship Fund (2010)

Scholarship Edith Andrews Ornithology Scholarship Fund (2013)

Meredith Arts Scholarship Fund (2013) Nantucket Culinary Arts Scholarship Fund (2013)

Jack Pignato Memorial Scholarship Fund (2014) Sally Roberts Mentor Scholarship Fund (2016) Sun Catcher Scholarship Fund (2015)

Individual Donors to Funds Under Management 2017 Contributors

Agency / Organization Fairwinds/MY Fund (2017) Nantucket Community Television Fund (2016)

Anonymous

Victor Boyajian

Penny Dey

A Cut Above

Boyce Realty

Nantucket S.T.A.R. Organizational Fund (2013)

ACK Gift Bags

Bratton Family Foundation

The Diamond Family Foundation

Joan Albaugh

Jayne and James Briard

Small Friends Endowment Fund (2017)

Peter and Nancy Allatt Foundation

Annette and Peter Brodie

Unrestricted - Grant

Hank and Sheri Allen

Daniel Brownell and Kelley Laurel

Nantucket Fund™ (2006)

The Andersen Company

Diane L. Buechel

Rev. Ted and Gretchen Anderson

Samantha Burg

Nantucket Safe Harbor for Animals Fund (2013)

Margaretta S. Andrews Virginia F. Andrews

2017 Fund Highlight NCH Community Health Fund

Jim Annese Laurie Annicelli Annye's Whole Foods Artists Association of Nantucket Rosemary Ruley Atkins and Vernard Atkins Amy Atkinson Atlantic East Nantucket Real Estate

Robert and Norma Burton Karla and Stephen Butler Cape Air/Nantucket Airlines Cape Cod Five Cents Savings Bank Robin Carey Jane Cases Kevin Cassidy Champion Rentals The Chicken Box Chip Webster Architecture

Don Allen Chrysler, Jeep, Dodge, and Ram Ronald Dozoretz Julia L. Draves Drew Arent Carpentry and Tile Work Jennifer and Sean Driscoll Michael and Kitty Dukakis Mary Duty Donald and Anne Edwards Dorothy Harrison Egan Foundation Egan Maritime Institute Ann M. Egan Marsha and Bob Egan Morgan Ellington Nancy Elting Robert A. Emack

Robert J. Atlee

Cisco Secret Circle

Amb. Elizabeth F. Bagley

Christopher Clarke

Leslie and Harrison Bains

Clean Lines, Inc.

Fernando and Margaret Estaban

John Baker

Steven and Jennifer Cohen

Darcie Evans

Harriet Balkind

Judith Collatz

Faregrounds Restaurant

Janice L. Barefoot

Congdon & Coleman Insurance

Sheila and Matthew Fee

Henry and Rachel Bartlett

The Community Foundation for Nantucket was honored to assist with the Nantucket Cottage Hospital’s Community Health Initiative. Through this process, the Nantucket Cottage Hospital awarded $762,000 in grant funding to 13 nonprofit recipients. The Community Health Initiative grants were awarded in December of 2017, the first of five grant cycles that will ultimately invest more than $4 million in community health. These grants address the island’s most pressing health issues through collaborative, innovative, and sustainable programs.

John Burns

Alice and John Dodd

John and Sarah Bartlett Philip and Dorothy Bartlett Beauty Bar Billy Built Automotive Susan Blount Blue Hills Bank Foundation Lisa Botticelli and Ray Pohl

Michael Conway Carole E. Corkish Dan's Pharmacy Paul Daugherty Dave Ryan Landscaping Nantucket Steve Della Rocca and Courtenay Hardy

Endeavor Sailing Excursions

Marc and Sheri Feigen Marianne and Bob Felch Mr. and Mrs. Andrew Ferreira First Congregational Church First Republic Bank Nancy Fischman Joan J. Fisher Kerry Kennedy Flynn

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Alison K. Forsgren

Forest Harrell, III

Judith C. Kenney

Four Winds Gifts

James Haslam, III

Carla De Creny Freed

The Haul Over Nantucket

Kimberly and Bradley Keywell

Carl M. Freeman Foundation

Madeleine Hay

Crowell Freeman and Kathy Stevens

Debra Hess

Matthew Fremont-Smith Friends of Our Island Home Kathryn E. Fruscione John Gallagher Ellie Gallant Erica Gervais and Nicki Hines Elliot and Barbara Gewirtz Rosanna Giacalone Kathryn Glidden Elisabeth S. Golden Martin R. Goldfarb Robert Goldrich Jonathan C. Gordon Lisa Grace Great Point Properties Toby A. Greenberg Ginny Grenham Hannah Judy Gretz Grey Lady Marine Jean and Garth Grimmer Ann and Graham Gund The Gordon and Llura Gund Foundation Hackett Family Foundation Dominic Hadeed Mary Haft Edmund Hajim Hale Family Foundation Hall Billings Initiative Steven R. Hamblin C. Addison and Renee M. Hanan Peter and Karen Hanson Renee and Jeff Harbers Family Foundation

Eugene and Janet Hilzenrath Hingham Institution for Savings Hither Creek Rachel Hobart and Edward S. Toole Sam and Debra Hokkanen Holdgate Partners Sandra Holland Diane and Tom Hollister Ann and Peter Holmes William and Louise Hourihan

Kutnick Foundation Blair LaCorte Meredith B. Lamb Stephen Lamb Joshua and Hayley Lapiene Christine Lazorchak Le Languedoc Bistro Kerryann Leddy Brian and Kathleen Legg Jim and Jill Lentowski Richard Leone Joan Libby Stephen A. Lindsay Lindsay Custom Builders

Viola C. Howard

Linnea Gardens

Hughes Septic Service

Peter and Alison Mackay

Bill and Juliet Hunter

Carolyn MacKenzie

Meg Hunter and Family

Majic Family Fund

Hy-Line Cruises

Mary D. Malavase

Inquirer and Mirror

Margaret Malloy

Island Carpet

Sally Mann

Island Kitchen

Jeffrey K. Marcinko

Island Lumber Company

Sherri Marean

Island Pharmacy

Marine Lumber Company

Island Window Cleaning

Christine Matthews

Kent D. Jackman

Deborah McIntosh

Jaxx Taxi

Robert and Evemarie McNeil

Joanna & Company

John A. McGuinn

John-Lawrence Funeral Home

James Meehan and Patricia White

Cindy Jones

Merritt Family Trust

The Judy Family Foundation The Juice Bar Thea and Pete Kaizer Heidi Holbrook Kalil Michelle Kalman Steve and Jill Karp

Harbor Fuel Oil Corporation

Diane Karper

Richard and Jane Hardy

Katie Johnson Fellowship

Curtis and Beth Harrell

Thomas D. Kelly

11

Robert M. Kucharavy

Robert E. Kennedy

Museum of African American History Joan Nance and the Moore Family Nantucket Arts Council Nantucket Atheneum Nantucket Bank a division of Blue Hills Bank

Nina Liddle Design

Paul and Margaret Roberts

Jim and Mary Anne Nolen

Meg Ruley and David Lovett

Al and Mary Novissimo

Robert Russell and Stephen Delay

Oath Pizza Stephen and Susan O'Brien Lisa Ochoa Judy and Gerry O'Connell

Nantucket Book Partners

Robert and Lorraine Olson

Nantucket Community School

Albert Ottison

Nantucket Conservation Foundation

Katie Owsley

Nantucket Dreamland Foundation Nantucket Education Trust Nantucket Express Nantucket Golf Club Foundation

Susan and Karl Ottison James J. and Kimberly Pallotta Parchment Partners Healthcare System Neil Paterson, Inc. Jane E. Payne

Nantucket Historical Association

Mr. and Mrs. John B. Penrose

Nantucket Holidays for Heroes

Andre and Suellen Perold

The Nantucket Hotel

Pamela Perri

Nantucket Island Chamber of Commerce

The Petersons

Nantucket Island Management Nantucket Island Surf School

Jacques and Amy Perold

Melissa and Nathaniel Philbrick Pion, Nerone, Girman, Winslow & Smith, PC

Diane and Michael Ryan Ryan Conway Landscaping Melanie and Bob Sabelhaus Emory W. Sanders Sandy Beach Party Alfred Sanford Santos Rubbish Removal Robert Sarvis Susan Saunders Nancy Sayles Day Foundation Jackie and Paul Schaeffer Schmidt Family Foundation Schwab Charitable Matching Gifts Fund John Schwanbeck and Penny Scheerer Karen C. Schwenk Emily Scott David Meerman Scott Mary Cowell Sharpe T.R. and Kathy Shaw Shepley Wood Products

Janie Plank

Sign Here Nantucket

Gene and Robert Pratter

Kevin P. Singleton

Nantucket License Plate Fund

Mary Price

Bernadine Small

Todd and Lovisa Rainwater

Small Friends on Nantucket

Nantucket Lighthouse School

Karen W. Rainwater

Geoffrey Smith

Nantucket Lightship Basket Museum

Sanjay Rawal

Mark A. Songer

Read Family Fund

Mr. and Mrs. Phil Stambaugh

The Nantucket Lobster Trap

Peg and Phil Read

Anita Nettles Stefanski

Jennifer L. Mezzapelle

Nantucket Maria Mitchell Association

Vic and Maureen Reed

Barry and Mimi Sternlicht

Miacomet Conservation League

P & M Reis Trucking

Sun Island Delivery

Nantucket Preservation Trust

Norman and Linda Reith

Sun Island Fuel Swain's Travel

Nantucket Islands Land Bank

Betsy Michel

Nantucket Wine Festival

Charles and Harriet Moores

W.A. Renee & Associates, Inc.

Town of Nantucket

Cassandra M. Moran

David Reyes

Ofer and Shelly Nemirovsky

Peter and Joan Morris

Brian Rice

Chip and Anne Newton

Alicia, Tim, and Brooke Mullen

Mr. and Mrs. Germain D. Newton

Duncan and Elizabeth Richardson Charitable Fund

Murray's Toggery Shop

Nate and Tracy Roberts

Anne Swan Sweet Inspirations Janak and Deanna Talwalkar John E. Tant, III Ron M. Tarsy John Templeton Foundation

12


GW Thayer Corporation Garrett Thornburg Tidal Creeks Boatworks Tom Hanlon Landscaping

Visco Pumping Mona A. Wachtel Robert and Gail Ward

Jessica Toole Jeanette G. Topham Toscana Corporation Richard A. Travaglione Nancy Traversy Tudor Investment Corporation Matching Gift Fund Tupancy-Harris Foundation Union Lodge F. & A.M. Valero & Sons

Barbara and Michael Varbalow

Laura Wasserman and Ian Golding Lucille Nielancy Weiner Andrea Weiss Elizabeth B. Welles Revocable Trust Finn and Kim Wentworth Caroline and Helmut Weymar Clark Whitcomb†

Save The Date!

Barbara and Mark White Duncan A. White Heidi White Bob and Linda Williams Cary M. Williams Bryan and Susan Williamson John Winthrop Charitable Trust

Nantucket Nonprofit Conference

Christy Wise and Bob Axelrod Aline Wommack Joon Yun

On September 26, 2018, the Community

Barbara Zaccagnini

Foundation will sponsor Nantucket’s

Amy Zielinski

White Heron Theatre Company

Deceased

first Nonprofit Conference. Funding for this inaugural event is provided by the Joseph and Deidre Smialowski Philanthropy Fund, and world-renowned nonprofit advocate Dan Pallotta will be

Addiction Solutions

our keynote speaker. Dan is the founder and President of the Charity Defense Council, dedicated to transforming the way the public evaluates charities.

Dan’s Uncharitable talk, based on his book “Uncharitable: How Restraints on Nonprofits Undermine Their Potential”, has inspired audiences around the world and we are very excited to have him join us in the Fall.

13

#

Goal

In 2016, Addiction Solutions of Nantucket created a charitable fund with the Community Foundation while they charted the course of becoming an independent 501c3, to provide medication assisted treatment and counseling to aid in substance abuse recovery. Last year, the Rotary Club of Nantucket identified Addiction Solutions as their major charitable project, and raised over $168,000 through their own CFN Fund. Both funds were retired in early 2018, awarding over $240,000 to Nantucket’s newest charitable nonprofit.

2

Above: Principles and Supporters of Addictions Solutions of Nantucket at a 2018 Breakfast.

Convening our Community 14


The Community Foundation for Nantucket

Advisory Committee

Scholarship Funds

The Foundation is dedicated to learning from and collaborating with local

The Community Foundation manages fourteen scholarship funds and works

leaders. We have created an Advisory Committee of health care workers,

closely with the Nantucket High School’s guidance department to ensure that

educators, clergy, police, town officials, media and others. Regular feedback

Nantucket students have access to higher education. In 2017, the Foundation

from this group helps inform our grant making process.

awarded $45,500 in scholarship funds to 20 local students pursuing degrees.

In 2017, we hosted our second annual Advisory Committee gathering. The

The Sally Roberts Mentor Scholarship Fund was one of our new funds in 2017.

conversation was insightful, and the conversation was of great value to

This scholarship was established by the Roberts Family to honor Sally’s legacy.

the Foundation as we move forward in our community convening and grant

Sally taught physical education at Nantucket Elementary School for over 20

making. As we move into 2018, the Advisory Committee meets more regularly

years and was a constant advocate for children, in and out of the school. This

to discuss specific community needs.

scholarship is awarded to a student who was an active member of the Mentoring Youth Nantucket Program and is pursuing a career in education.

The committee identified the following as top community needs: • Mental Health Services

• Services for Elderly

• Access to Housing

• Access to Healthcare on-Island

• Substance Use Disorders

15

16


2017

Cornerstone Contributors Supporting the Foundation’s Operations $10,000+

Barbara and Amos Hostetter

$500 to $999

Elizabeth Russell Boe

Jean and Hugh Halsell

Susan E. Baldwin

Meryl and Michael Bralower

Hashem Family

Bill Belichick and Linda Holliday

Vivian and Bob Braunohler

Mr. and Mrs. Robert Henry

Alice and James Breed

Hepburn

Debby Belichick

Jim and Jennifer Calhoun

Bewkes Family Foundation

Judy Carini

Richard and Maureen Herman

Patti and Doug Brown

Martha Carr

Heidi Cox

Michael and Elizabeth Galvin

Karp Family Foundation

Nantucket Bank a division of Blue Hills Bank

Ellen and Christopher Hoeffel*

Monica and Tom McCasland

Susan and Karl Ottison*

Victoria McManus and John McDermott*

Mr. and Mrs. John B. Penrose*

Martha and Paddy Farrell

Mary Casey and Jeffrey Blackwell

Mrs. W. Laird Stabler, Jr.

Barbara J. Fife

William Cashman

Ann and Peter Holmes

Mr. and Mrs. Daniel Catlin, Jr.

John and Judith Lochtefeld Lyle Lothian and Deb Killen Polly and Nick Miller

$2,500 to $9,999

Curtis L. Barnes

Jason L. Michel

Nantucket License Plate Fund

BNY Mellon Wealth Management

Marlene Benson

Sherley and Terry† Newell

Jenny and Steve Paradis

Susan Blount and Richard Bard

Lynn and Nick Nicholas

Peg and Phil Read

Al and Mary Novissimo

Magdalena Padzik Reid

Bob and Nancy Puff*

Chloe Sanford

Schwab Charitable Matching Gift Fund

Sheila and Bill Sullivan

Jeanine and Alastair Borthwick Maureen and Edward Bousa

Bill and Susan Boardman

Christina Craighead

James Burruss and Mary Fontaine

Cynthia and John Everets

Will Brown Fund

Marianne and Bob Felch*

Kevin and Jayne Cassidy

Andrew Forsyth and Kelly Williams

Beth and Wayne Davies

Karyn McLaughlin Frist

Stephen A. Davis*

Barbara Ellis Jones

Marsha and Bob Egan*

Zeldy Lyman and Duncan A. White*

Charles and Kaaren Hale

Mr. and Mrs. Robert Newhouse, III Lynn Petrasch* Melissa and Nathaniel Philbrick* Stephen Presser and Diane Archer Ms. Greeley Sachs and Mr. Seth Levine Rev. Georgia Ann Snell Caroline and Helmut Weymar*

John H. Davis

Hale Family Foundation* Lucile W. Hays Sandra Holland* Tucker and Michelle Holland Joy H. Ingham

David and Lori Sherrill Siasconset Union Chapel Eric Silverman Joseph and Deidre Smialowski Mr. and Mrs. William Spears Barbara and David Spitler Greg and Laura Spivy

The Islander Package Store The Judy Family Foundation

Louis and Marjorie Susman*

Robert and Katie Keith

George and Ann Thom

Marsha Kotalac*

Mr. and Mrs. Robert Tichio

Le Languedoc Bistro

Charles and Allison Townsend

Stephen A. Lindsay Richard and Nancy Lubin

$1,000 to $2,499

Carolyn and Ian MacKenzie

Janet and Sam Bailey

Mr. and Mrs. Donald B. Shackelford*

Mr. and Mrs. Phil Stambaugh*

Clark Whitcomb†

Anonymous

Sarah Schwartz and Will Hannum

Neil and Lauren Marttila Mr. and Mrs. William McNabb*

Donald Holdgate and Sandra Lundin Mimi Huber Fred and Jan Jaeger Cecil and Paul Jensen

Howard Chadwick

Julius and Daintry Jensen

Don and Sue Clark

Mr. and Mrs. Paul Judy

Mimi and Dick Congdon

Patty and Gerry Keneally

Mr. and Mrs. W. Michael Cozort

Mary C. Kenny

Jay Craven

Susan Kenny

Amanda B. Cross

Anne Lanman and Vaughan Machado

Jack and Renee Cuneo

Donna and Jeff Lockhart

Darya Salon

Pamela Lohmann

Mark Donato and Beth English

Mr. and Mrs. George C. Lunt, III

Judith and Daniel Drake

Kiera and Jerry Lynch

Betty and Rhett Dupont

Judy and John MacLeod

up to $500

Sheila and Matthew Fee

Thomas and Amy Maggs

Anonymous

Julie Fitzgerald and Carl Sjolund

Dana Mallozzi

Sandra Urie and Frank Herron Don and Deborah Van Dyke

Carrie and Leigh Abramson Sarah Alger and Bruce Malenfant AmazonSmile Foundation Andree G. Anderson Margaretta Andrews

Christine and Brian Flynn Suzanne K. Forsyth Robert Franklin and Charles Mappin Jennifer and Dalton Frazier

The Antiques Council

Rachael Freeman and Sam Slosek

Mary Randolph Ballinger

Betsy and Don Freytag

Kenneth G. Bartels and Jane Condon

Mr. and Mrs. Lou Gennaro

Susan Beamish Wendy Beardsley Judy and John Belash

Geoffrey and Elizabeth Verney*

Gary A. and Carole P. Beller

Catherine S. Ward

Paul Blackwell

Margie and Bruce Warwick

Meghan Blair-Valero

Kim and Finn Wentworth

Lesley F. Blanchard

Jeanne and John Bennett

Amy and Ben Bloomstone

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Mr. and Mrs. Eric Holch

Debbie and Bob Giese Chuck and Julie Gifford Wendy T. Gifford Whit and Anne Gifford Ted and Andrea Giletti Peggy Gilfoy Joe and Maria Grause Rick Hajjar Robert and Valerie Hall

Holly and Martin McGowan Vickie and Greg McLaughlin Lisa Miller Nantucket Island Chamber of Commerce Elizabeth Oldham Adrienne and Jeffrey Owen Tim and Barbara Reed Priscilla Reis Peter and Nancy Rodts Melanie and Bob Sabelhaus Bonnie J. Sacerdote Robert and Denise Schwed Thomas Schweizer Lynn and Bud Selander Don and Mary Shockey Penny F. Snow Phillip and Lonnie Snyder Charles and Elna Soule

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Mr. and Mrs. W. Laird Stabler, III

John and Lita Toland Chris and Melissa Tremblay

Ramsay and Holly Stabler Christina Staudt

Tri-Search Barbara and Michael Varbalow

The Rev. Bill and Linda Steelman

Linda Ventresca

Charles and Barbara Stott

Clark and Andrea Wagner

Stacey Stuart and Peter Greenhalgh

Nancy G. Walker

James Sulzer and Barbara Elder

Barbara Wallner

Pamela P. Waller

Tina Tait

Emma Ward

Robert and Deborah Taylor

Suellen Ward and John Copenhaver

Annie Teasdale

Dr. and Mrs. Francis M. Weld Daryl and Robert Westbrook Linden and Madeleine White Donor Advised Fund

Wauwinet Yacht Club

Charitable Remainder Trusts

Steve and Lori Wyckoff Mrs. Bracebridge Young Steve and Lori Wyckoff Mrs. Bracebridge Young

Nancy Chase’s story is a familiar one. A generational Nantucketer, Nancy owned several properties on Nantucket which had increased in value over time.

Maire Watkins

J. Barry and Charlene Thurston

Planned Giving

Rhoda Weinman and Joseph McLaughlin

Deceased

Nancy sold one of these properties in 2008, and created a Charitable Remainder Trust which held the proceeds from that sale. This accomplished several things:

* Multi-year pledged commitment

In Memory of

Nancy avoided any capital gains on the sale, which would have been significant;

Richard H. Oman

She received income from her trust to support her during her lifetime; and She supported several Nantucket charities with the funds from her trust upon her death.

This past June, we were saddened by the loss of Dick Oman, a member of the Community Foundation’s founding group. Beyond his family, Dick's life passions were philanthropy and a commitment to community, as evidenced by a life of service. Dick served as Secretary, Director, and Counsel to the Columbus Foundation from 1955-to-1977 and as legal advisor for many years following. His insight during our early years proved invaluable, and we are so thankful we had Dick’s counsel and support as our organization grew.

The Community Foundation is honored to be one of those charitable recipients through the Nantucket Fund™ — Nancy left a significant legacy to the Island and We Thank Her!

Legacy Society 2017 Contributors

Gifts in Memory of Richard H. Oman Andree G. Anderson Margaretta Andrews Janet and Sam Bailey Mimi and Dick Congdon Marianne and Bob Felch Betsy and Don Freytag

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Ellen and Christopher Hoeffel

Mr. and Mrs. Donald B. Shackelford

Sarah Oman Horne and Steve Horne

Rev. Bill and Linda Steelman

Mr. and Mrs. George C. Lunt Sherley and Terry † Newell Susan and Karl Ottison

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

Thomas Maggs

John Penrose

Nancy Chase †

Chris and Linda Meredith

Lynn Petrasch

Barbara Wallner

Marsha Egan

Anne Olsen

Phillip Stambaugh

Maire Watkins

Zeldy Lyman and Duncan White

Richard H.† and Jane Oman

TriSearch

Susan Ottison

Deceased

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Memorial Gifts

Tribute Gifts

2017 Contributors

2017 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:

Mohan Advani

Margaretta Andrews

Susan and Karl Ottison

Robert and Eleanor Jones Anonymous

Steve Aguiar Meg Hunter and Family

Edith Andrews Virginia Andrews

David Cox Susan and Karl Ottison

Dr. John W. Gerster Paul Keeshan

Margaret Gifford

Dr. Jack Judson Curtis and Beth Harrell Forrest Harrell, III Bryan and Susan Williamson

Charles Naeser Susan and Karl Ottison

Robert Newhouse, Jr. Vickie and Greg McLaughlin

Whit and Anne Gifford

Lisa Miller

Tim and Barbara Reed

Herb and Lynn Selander

Forrest E. Harrell Sherri and Hank Allen

Linda Ventresca Steve and Lori Wyckoff

Frank Dominic Raffa, Jr. Thomas D. Kelly

Susan St. John Patricia Curran

Blue Hills Bank Foundation

Max Berry and Pamela Thomas

Grace and David Gleason Susan and Karl Ottison

Mary Glowacki †Eleanor MacVicar

Susan and Karl Ottison

Ted Taylor, III Susan and Karl Ottison T.R. and Kathy Shaw

David D. Worth, Sr. James and Jill Lentowski

Elizabeth Zeilinski Sherri Marean

Maureen Fennessy Bousa Jeanine and Alastair Borthwick

Annye Camara Blue Hills Bank Foundation

Brooke Dalury Anonymous

Bob Felch Kenneth G. Bartels and Jane Condon

Hunter Finn and Vesper Samantha Burg

Andrew Forsyth Suzanne Forsyth

B.J. Ganem

Lucile W. Hays Susan and Karl Ottison

Colleen Hempleman Sarah Newton

Carr Holland and Maxwell Mundy Margaretta Andrews Debby Belichick Hale Family Foundation Donna and Jeff Lockhart Mrs. Bracebridge Young

Frances Karttunen Union Lodge F. & A.M.

Peter Mackay Blue Hills Bank Foundation

Besty Minihan Greg Bird

Franci Neely Susan and Karl Ottison

David W. Oman Sarah Oman Horne and Steve Horne

Joan Arbetter Rosenberg Anne Fischell

Charlotte Staudt Christina Staudt

Robert Tichio Mimi Huber

Geoff Verney Charles and Kaaren Hale

Robin Wiessmann and Ken Jarin Jeffrey and Sarah Newton â€

Deceased

Kent Jackman 21

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3 #

Goal

Strengthening our Foundation

From the Executive Director I am so proud of how the Community Foundation has made a difference on Nantucket this year, thanks to you! Thank you to our donors who believe in our mission. Thank you to our Trustees who support our efforts every day to provide help to Nantucket where it is needed most. Thank you to the amazing women I work with who love what they do, coming to work every day with a smile on their faces. I could not be more grateful, and look forward to another

Our Trustees

wonderful year fulfilling our mission to strengthen our Island community.

– Margaretta Andrews

In 2017, we said goodbye to four Trustees: Bill Frist, Marsha Kotalac, Sue Ottison, and Geoff Smith. We are so grateful for their many years of service and support of the Foundation. We also welcomed two new Trustees (below) as part of our mission to recruit active and insightful community leaders to our Board.

Staff Update In 2017 we welcomed two new staff members to our team. Kristin Campbell (top) joined us as our Office Manager and Carlisle Jensen (bottom) as our Development and Program Coordinator. Krissy and Carlisle are active Nantucketers and like Margaretta and Jeanne, are deeply entrenched in our Island’s year round community. Next time you are on-Island, make sure to stop by our office to say hi.

Maureen Bousa

Neil Marttila

Maureen joined us as a Trustee in August of 2017. She lives in Wellesley Hills, MA and has enjoyed a summer cottage on Nantucket since 2003. Maureen has a wealth of nonprofit board experience, and has been an invaluable addition to our board and development committee. Maureen and her husband Edward are the parents of Marina, Eamon, Bridget, and Monica.

Neil jumped head first into his role with CFN. He joined our board in early 2017 and become our treasurer in August that same year. Neil is the Senior Vice President and Market Executive at Nantucket Bank, a division of Blue Hills Bank and serves as a board member of many local organizations. Neil has lived on Nantucket since 1991 and is married to Lauren Marttila.

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Community Foundation for Nantucket Staff Clockwise from top left: Kristin Campbell, Margaretta Andrews, Jeanne Miller, Carlisle Jensen.


Statement of Financial Position

Statement of Operation Activities

Year Ended December 31

Year Ended December 31

2017

2016

Assets $

Total Current Assets

Net Property and Equipment

3,977,652 139,776 3,816

$

1,963,843 195,092 1,782

4,121,244

2,160,717

5,171

-

Non-Current Assets Long-Term Investments Contributions Receivable, Net of Discount

Total Non-Current Assets

Total Assets

$

4,227,143 304,789

4,294,778 318,460

4,531,932

4,613,238

8,658,347

$

6,773,955

Liabilities and Net Assets Current Liabilities Accounts Payable

$

Agency Funds Held For Others

Total Current Liabilities

Total Liabilities

17,830

$

14,233

429,054

288,266

446,884

302,499

446,884

302,499

Net Assets

Total Unrestricted Net Assets Temporarily Restricted Net Assets

25

Gifts, Grants and Contributions Grants and Contributions Donated Facilities

$

$

4,703,899 121,378 238,844 814,531 484,397 976,239 427,610

2,824,047 218,275 334,200 966,660 460,338 877,051 277,333

7,766,898

5,957,904

444,565

513,552

8,211,463

6,471,456

8,658,347

$

6,773,955

5,105,264 $15,000

$ 5,320,685 36,000

479,099

125,229

127,084

134,374

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

Reclassification of Net Assets Satisfaction of Donor Restrictions

Total Support, Revenues and Reclassifications

-

-

5,726,447

5,616,288

Functional Expenses Total Program Services Grants

$

Program Expenses on Behalf of Funds

Operating Expenses

Total Program Services

Unrestricted Net Assets: Donor-Advised Funds Designated Funds Special Project Funds Partner Funds Scholarship Funds Nantucket Fund™ Endowment Funds Operating Funds

Total Net Assets Total Liability and Net Assets

2016

Support, Revenues and Reclassifications

Current Assets Cash and Cash Equivalents Contributions Receivable Prepaid Expenses

2017

2,625,164 943,069 204,006

$

1,750,422 616,769 171,137

3,772,239

95%

2,538,328

92%

153,996

4%

137,701

5%

60,205

1%

80,981

3%

Total Functional Expenses

3,986,440

100%

2,757,010

100%

Total Change In Net Assets

1,740,007

2,859,278

Net Assets - Beginning of Year

6,471,456

3,612,178

Administrative Fund Raising

Net Assets - End of Year

$

8,211,463

$

6,471,456

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

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Profile for Novation Media

2017 Community Foundation Annual Report  

2017 Community Foundation Annual Report  

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