Wichita Community Foundation Philanthropic Trends Report 2020

Page 1

PHILANTHROPIC TRENDS REPORT


WHY TRENDS MATTER For 34 years, the Wichita Community Foundation has managed charitable funds on behalf of donors. More than $101 million has supported nonprofit organizations. But where, exactly, does the money go? Which causes do philanthropically-minded Wichitans care most about? Has giving through WCF changed over the years? Was there an uptick in giving in early 2020 due to the global pandemic? We’ve mined WCF’s data to paint a portrait of our collective giving. What you’ll find in the following pages is a trends report based on the analysis of WCF’s internal grantmaking data. Here are some key overall findings from our 34-year history

you might find of interest as you dive into the data (as of June 30, 2019):

Donors have contributed a cumulative $149 million to WCF since 1986 – an average of nearly $4.5 million annually.

WCF and its donors have granted an average of $4.7 million annually to nonprofits in the last five years

Most of the stats you’ll find in this report outline charitable trends at WCF through 2019. We also had to make a pivot during the production of this publication when the COVID-19 virus changed everyone’s lives. You can specifically see details around coronavirus and its impact on pages 8 and 9.

2


2/3 of charitable dollars come from Baby Boomers & Generation X1

56% of the U.S. population gives to charity2 Americans donated

$427.7 billion in 20183 What donors say charities can do to inspire more giving:

38%

make a compelling case of extraordinary need Online giving rose

17%

28%

stop sending unwanted trinkets4

Blackbaud: The Next Generation of American Giving, 2018; 2 IUPUI Lilly Family School of Philanthropy: Philanthropy Panel Study, 2017; 3 Giving USA; 4 Chronicle of Philanthropy: The Disappearing Donor, 2018; 5 Blackbaud: Charitable Giving Report, 2018; 6 The Giving Institute: Giving USA: The Annual Report on Philanthropy

Nearly

1

N AT I O N A L S TAT I S T I C S O F I N T E R E S T

in the last three years5

18% of all giving comes from foundations6

W H AT Y O U C A N E X P E C T F R O M U S Later this year, you will receive results from our latest effort to improve performance – the Center for Effective Philanthropy’s Donor Perception Report, a survey sent earlier this year to all current WCF fundholders. In the meantime, enjoy learning about the journey of WCF up to this point, and thank you for playing a part in it.

3


KEY TERMS Endowed Fund Invests capital gifts and allows only interest generated from the investment to be used for grantmaking. This provides sustained, long-term annual support. Non-Endowed Fund Utilizes donated capital in its entirety. Unrestricted Fund Offers the Foundation Board of Directors and staff the flexibility to respond to the community’s changing needs and address issues as they emerge. Designated Fund Provides continuous gifts to donors’ favorite charitable organizations. Donor Advised Fund Functions with donor participation in the process by suggesting grants to nonprofit organizations. Field of Interest Fund Supports broad areas of interest, such as education, arts, social services, etc. Agency Fund Protects charitable dollars to support the future work and mission of an organization (For nonprofit agencies, specifically).

UNDERSTANDING OUR ASSETS The combination of existing and new philanthropic funds through the unique vehicle that is a community foundation offers support for a variety of organizations and causes. While donor advised funds are not the only type of fund at WCF, the category makes up 35% of all funds at WCF. The attitudes and giving habits of these donors shed light on key priorities. WCF’s donor advisors have shown significant interest in supporting community development – recommending $23.9 million in grants since 1990. The YMCA has been a regular beneficiary of WCF philanthropy – routinely rising to the top of the list of most frequently supported organizations. As both WCF and its donors have evolved, there is an increasingly diverse array of programs and organizations being supported, including a significant spike in funding of arts and culture and higher education, especially in the last decade. Apart from $2.9 million set aside for operations and reserves, assets at WCF include a mix of unrestricted, donor advised, field of interest, designated, agency and scholarship funds. The figures below are as of April 30, 2020. SCHOLARSHIP $2M

D E S I G N AT E D $19.5M

DONOR ADVISED $ 2 7. 8 M

AGENCY $12.3M UNRESTRICTED $ 1 0 .7 M

FIELD OF INTEREST $ 7.7 M

4


2 0 1 9 S TAT I S T I C S

$5.8 million

Total grantmaking from WCF

$799,000

Total granted from WCF’s competitive grant rounds

$3.6 million

Total granted through DAFs

ASSETS BY FISCAL YEAR

2000

$2.3M $23.5M

2019

$ 8 7.1 M

FY20 YTD

$83M

GIFTS RECEIVED BY FISCAL YEAR Outside influences, such as investment performance, tax-law changes, emerging giving options, the timing of legacy gifts or a global pandemic, can factor into the amount of money received annually. 1990 2000

$4.4M $10.2M

FY20 YTD

$ 6 .7 M

GRANTMAKING BY FISCAL YEAR In the last five years, WCF has granted an average of $4.7 million annually through endowed and non-endowed funds.

2000

Our fund with WCF has allowed our giving to go well beyond my parents’ original gift. What a wonderful legacy!

$428K

2019

1990

Sarah Wencel, fund advisor

1990

$249K $2M

2019

$5M

FY20 YTD

$5.9M

DONOR PROFILE DORTH & VIRGINIA COOMBS PHILANTHROPIC TRUST FUND Est. 1989 Endowed funds like the Dorth & Virginia Coombs Philanthropic Trust Fund take an initial contribution and use investments to multiply its long-term value. Here’s how the Fund has supported area nonprofits – and how it is positioned to provide even more support in the future. Notable Grantees: Dress for Success Wichita, United Methodist Open Door, YMCA

$213,500 Grants made to date ..................... $414,000 Average annual grants .................... $13,350 Total contributions to fund ..........

Bar graphs are based on fiscal years. FY20 numbers are unaudited.

5


What We Fund

WHAT WCF DONORS CARE ABOUT

as of FY19

How we give often reflects what we value. “I feel a deep calling to give back in perpetuity to my hometown of Wichita,” said Alice White, a WCF fundholder. White invests in organizations that support the ethical treatment of dogs and cats, largely in part as a thanks to those who impacted her childhood.

FUND PROFILE ALICE VIRGINIA WHITE ENDOWMENT FUND FOR DOG & C AT W E L F A R E Est. 1999

“(It’s a) perpetual thank you to my wonderful pets (dogs, cat, fishes, turtles, rabbits), other friends, chums, classmates, family, neighbors, and adult leaders,” said White. White advises one of 306 active funds at WCF. Some donors left legacy gifts a couple of decades ago. Others are still actively supporting the causes they care about. Since our founding, WCF has been able to grant more money than it has taken in – all while continuing to grow the asset base to ensure future support.

Focus: Animals

Alice White

Purpose: To provide distributions to organizations that educate, train, publicize and promote ethical treatment of cats and dogs.

Notable Grantees: Bound Fur Life Foundation, Kansas Humane Society, Wichita Animal Action League

$93,000 Market value for future grants ........................................ $84,000 Grants made ....................................................................................... 16 Total contributions to fund ...............................................

Q U E ST I O N S A B O U T YO U R F U N D? We’re here to help. Contact Portia Portugal at 316.264.4880 or at pportugal@wichitacf.org.

6


Top 3 Issue Areas of Support While charitable interests vary from fundholder to fundholder, there are key issues areas that rose to the top for support in 2019 from WCF donor advisors.

In 2019... DAF holders gave to an average of

8 COMMUNITY DEVELOPMENT 69 DONOR ADVISED FUND GRANT S Examples of organizations: • Boy Scouts of America Quivira Council • Downtown Wichita • La Familia Community Senior Center • YMCA RELIGION 108 DONOR ADVISED FUND GRANT S Examples of organizations: • Church of the Magdalen • St. Anne’s Catholic Church • Steps to Life • Young Life A R T S & C U LT U R E 89 DONOR ADVISED FUND GRANT S Examples of organizations: • KMUW – Wichita Public Radio • Music Theatre Wichita • Orpheum Performing Arts Centre • Wichita Art Museum

nonprofits

$1,000

Median grant size

285

Number of nonprofits supported by WCF Highest number of grants received since WCF’s founding:

381

Wichita Children’s Home

375

Wichita State University

314

The Salvation Army

7


COVID-19 RESPONSE

Utilizing various technology platforms such as Microsoft Teams and Zoom, we stayed connected with colleagues, fundholders, nonprofits and other partners. There was – and continues to be – tremendous support from the community. While it is still unknown what the future of our world will look like post COVID-19, it’s clear that citizens with affinity to Wichita are more than willing to help their neighbors in times of need. We anticipate the aftermath of the coronavirus will impact giving and granting from WCF for quite some time.

Kansas Gas Service saw an opportunity to broaden our impact through WCF’s Emergency Fund during this unprecedented time. It’s part of our ongoing commitment to making our communities better places to live, and fulfilling our mission to deliver natural gas for a better tomorrow. - Lauren Clary, Kansas Gas Service Community Relations Manager

One of the Wichita Community Foundation’s primary purposes is to meet the ongoing needs of our city. As part of that responsibility, we often take on unexpected challenges. When the COVID-19 virus spiked in our area earlier this year, WCF staff moved to remote working and activated relief funds as quickly as possible.

Relief Funds as of May 15, 2020

Stand with Wichita Fund Created in partnership with The Salvation Army, dollars from this Fund support individuals in Wichita who have been negatively impacted by the coronavirus.

245 Amount raised .................................... $189,000 Number of families helped ..........................

WCF Emergency Fund The WCF Emergency Fund has been active for the last seven years. Due to the COVID-19 virus, Board and staff quickly adapted the structure of the Fund to prioritize grants to nonprofits directly dealing with the prevention and spread of the coronavirus. Number of nonprofits helped .......................... 43 Amount raised ...................................

$238,000

NOTE: After an initial gift of $100,000 to local pandemic relief, the WCF Board of Directors approved an additional $159,000 in May. To best allow WCF to assess where the greatest community needs exist – both short and long term – the dollars have not been committed to a specific relief fund.

8


YO U R G I F TS

Fast Facts

Among those who supported WCF pandemic relief efforts: Jan & Jerry Aaron

Compared to March and April 2019,

WCF grantmaking increased 40%

Charitable Fund at WCF

in March and April 2020

Ahlstrand Fund at WCF

Dr. Richard & Suzanne Mr. & Mrs. Buck Alley

Immediate aid has

Don & Lora Barry

assisted more than 50

Clay & Kate Bastian

local nonprofits through DAF funds*

at WCF

Donor Advised Fund Russell & Breer Family

Together, we’ve committed

$1 million to pandemic relief through WCF*

Fund at WCF Wayne Chambers Steve & Janis Cox

*as of May 15, 2020

Charitable Fund at WCF DeVaughn James LLC Evergy Jack Focht & Gloria Farha Flentje Fidelity Bank The Foulston Donor Advised Fund at WCF Debbie Gann & Kathy Beat Tom & Carole Garretson Fund at WCF Robert L. & Rosalie Goebel Fund at WCF Gossard Fund at WCF Marlene Hayes Brian David Higby Fund at WCF The IMA Foundation John S. and James L. Knight Foundation Kansas Gas Service Paul & Ann Konecny Mr. & Mrs. Eric J. Larson Mr. & Mrs. Errol A. Luginbill Dr. & Mrs. Robert McKay Linda Oneslager Dee Rolph Margot Skinner Wichita Wind Surge Mr. and Mrs. Van Harrold Dale & Alice Wiggins Charitable Fund at WCF

Guadalupe Clinic

Doug & Sheryl Wohlford

9


FUTURE PRIORITIES WCF donors are consistent in their support of specific issues, such as education and arts and culture. A subset of donors has graciously directed a portion of their philanthropy proactively to be used in response to the community’s changing needs. Much of WCF’s support for COVID-19 relief efforts stemmed from reallocations of the programs mentioned on these two pages. Prior to the coronavirus outbreak, WCF had already made significant shifts in the lifecycle of unrestricted funds usage. It all began with a leadership change in 2012, along with a revised mission and vision to reflect forward-thinking grantmaking strategies. This shift moved from transactional – multiple, small-sum grants through a competitive application process – to transformational – large, systemic change grants built upon funder and grantee partnerships. For example, in 2015, WCF engaged Reach Advisors and James Chung for Focus Forward, a multi-year, deep-dive

predictive analytics project to discuss and encourage action steps to positively affect the future’s economic growth. A series of data presentations over three years outlined various challenges and motivators for regional progress. WCF’s investments were – and continue to be – influenced by lessons learned from Focus Forward. You’ll see below the three primary areas for unrestricted grantmaking in 2020. For the foreseeable future, however, COVID-19 priorities are taking precedence, alongside programs that were already underway when the pandemic began:

Talent Ecosystem Fund invests in Wichita’s workforce issues, talent development and lifelong learning

News and Information Fund supports the creation of a more informed city through strengthening the local news ecosystem

Catalyst Fund increases the potential for career advancement and development for nonprofits and the individuals who serve the organizations

James Chung

10


Field of Interest Funds WCF donors also have the option to create or contribute to a field of interest fund. This allows donors to designate a specific cause for grantmaking without having to name specific organizations. Grants are made at the discretion of WCF when specific needs arise. Since inception, WCF has opened around two field of interest funds a year. A couple of examples are below. G R A C I E V A R N E Y C H A R I TA B L E F U N D Focus Area: Social Services Intent: For indigent care within Wichita, with preference given to widows and orphans Notable Grantees: • CASA of Sedgwick County • Senior Services • Wichita Children’s Home

WHERE DO UNRESTRICTED FUNDS GO? WCF Unrestricted Funds are currently being directed to four focus areas:

Ta l e n t Ecosystem

H E A LT H F I E L D O F I N T E R E S T F U N D Focus Area: Health Intent: Focused on the well-being of the Wichita community Notable Grantees: • Leukemia & Lymphoma Society • Wichita Parks Foundation

The primary reason for increasing our permanent, unrestricted and field of interest funds is flexibility. This gives WCF the ability to adapt to all kinds of needs in all kinds of charitable fields. I want WCF to be involved in developing and funding significant innovation programs that will help our community be all it can be. - Mary Lynn Oliver WCF Founding Board member and fundholder

News and Information

Nonprofit Enhancement

NEWS & INFO

COVID-19 Relief

11


301 N. Main Street, Suite 100 Wichita, KS 67202 316.264.4880

301 N. Main Street, Suite 100 Wichita, KS 67202 316.264.4880


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.