2013 annual summary
DESCRIPTION
This annual summary outlines our activities from July 1, 2012 through June 30, 2013.TRANSCRIPT
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2013 annual summary july 1, 2012 - june 30, 2013
While you may see a few
new faces at the Community
Foundation, the mission
on which we have built our
organization — to promote,
facilitate and expand philanthropy
through responsible giving — has
not changed.
This year, our board of trustees
embarked on a thoughtful and
deliberate process to explore our
position in the community and
determine the role we will play
as we enter our third decade.
Through discussions with donors,
private and family foundations,
professional advisors, and friends,
we learned that the Foundation
is valued for its history of service
and viewed as a trusted partner
in philanthropy. We also learned
that our stakeholders want us to
take on an even greater leadership
role in educating our community
about the importance of giving.
Armed with this information,
and through a rigorous planning
process, our board developed
a strategic plan that defines
our role in the community and
our obligations to fundholders.
Central Carolina Community
Foundation will be:
• The expert in philanthropy
and the catalyst for charitable
growth in the Midlands.
• The trusted steward for
philanthropy.
• The knowledgeable
educator for fundholders.
Our work focuses on making
donor dreams a reality, both now
and after they are gone, so that
their charitable wishes are carried
out into perpetuity. Giving is part
art and part science, and figuring
out the mix involves experience
and dedication. We are up for
the task.
On behalf of the Community
Foundation’s board of trustees
and staff, we thank our donors
and partners for their generosity
and giving spirit, and for making
our community a place we are
proud to call home.
Judith M. Davis Chair
JoAnn M. Turnquist President & CEO
Judith M. Davis, ChairBruce W. Hughes, Vice ChairBen Rex, Secretary/Treasurer Scott R. Adams Dr. William BabcockJ. Mac BennettCliff Bourke Jr.** Sharon W. Bryant R. Jason Caskey, CPAWilliam H. Cason II **Rita Bragg Caughman Michael C. CrappsDr. Sharon Reynolds Earle** Eric M. Elkins
John GarrisonL. Marion Gressette III Henry B. Haitz III C. Carroll Heyward David G. HodgesDr. Charles B. Jackson Sr.*D. Michael Kelly*Catherine H. Kennedy** Charlene H. Keys Ellis M. Knight*Dr. Percy A. Mack**Dan Mann** Cory ManningStephen G. Morrison✝*
Linda O’Bryon Dave Peterson John C. Pollok Barbara Rackes George W. Rogers* A. Eugene Rountree✝* Terry K. Schmoyer Jr., CPAMichael SchraibmanSue-Ann Gerald Shannon**Martha Scott Smith Nancy Spencer*J. Hagood TigheSusie H. VanHuss
board of trustees*term ended June 30, 2013 | **term began July 1, 2013 | ✝deceased
executive report
central carolina community foundation serves 11 counties in the midlands by distributing grants and scholarships and linking the resources of donors, nonprofits and community leaders to areas of need.
A
A
A
A
A
Lee
Sumter
Fairfield
Richland
Kershaw
Lexington
Newberry
Clarendon
Saluda
Calhoun
Orangeburg
A
A
A
A
A
newberry
saluda
lexington
orangeburg
kershawfairfield
lee
richland
sumter
clarendon
calhoun
our regional affiliates
Greater Chapin Community EndowmentKershaw County EndowmentOrangeburg Calhoun Community FoundationSumter Community Foundation
We are the vehiclefor philanthropyin the Midlands.
Become more relevantby offering ways for people
to connect and engage with us
Facilitate community change and elevate
the dialogue of communityawareness and needs
Build awarenessof our philanthropicleadership
Instillconfidence and trust in ourfund management
Promotelegacy giving
Educatefundholders aboutphilanthropy andfamily giving
Increaseservices for
fundholders
2014 - 2016
STRATEGICPLANPhilanthropy
Expert & Catalystfor Charitable
Growth
TrustedSteward for
Philanthropy &FundholderEducator
2003
2011
2013
ASSET GROWTH
$40,016,703
$49,981,814
$79,593,195
$66,075,282
$87,071,476
$96,942,639
2005
2007
2009
142%INCREASE IN
ASSETS FROM 2003 TO 2013
TYPES OF FUNDS
Unrestricted
Scholarship
Trusts
Designated & Field-of-Interest
Agency & Fiscal Sponsor
Donor-Advised
2032
32
49
51
188
TotalFunds
37217New
Fundsin FY13
growth of assets
2003
2011
2013
ASSET GROWTH
$40,016,703
$49,981,814
$79,593,195
$66,075,282
$87,071,476
$96,942,639
2005
2007
2009
142%INCREASE IN
ASSETS FROM 2003 TO 2013
TYPES OF FUNDS
Unrestricted
Scholarship
Trusts
Designated & Field-of-Interest
Agency & Fiscal Sponsor
Donor-Advised
2032
32
49
51
188
TotalFunds
37217New
Fundsin FY13
funds at the foundation
grants distributed in 2013
TOTAL GRANTS DISTRIBUTED IN FY2013
ANIMAL WELFARE
3.5% | $437,195
838GRANTS TOTALING
$13,027,525
ARTS AND CULTURE
15% | $1,971,998 COMMUNITY IMPROVEMENT
4% | $546,244
ECONOMIC DEVELOPMENT
10.5% | $1,343,733 EDUCATION AND SCHOLARSHIPS
25% | $3,179,703
FAITH-BASED
6% | $802,222 HEALTH AND WELLBEING
19% | $2,509,176
HUMAN SERVICES
15% | 1,988,039 YOUTH DEVELOPMENT
2% | $249,214
TotalFunds
372
Year Two of $1 MillionLiteracy Commitment
In June, Central Carolina Community
Foundation awarded $377,650 in Impact
Grants to seven organizations providing a
variety of evidence-based programs with
innovative twists on collaboration and
partnerships. Together, these grants reach
out to 10 of the 11 counties within the
Foundation’s footprint and, collectively,
could reach more than 17,000 children
through literacy programs.
The grant awards will benefit hard to
reach rural populations through home
visitation, integrate early childhood
literacy into pediatric practices and
transform communities into those whose
children are ready for school. These
grants are part of the board of trustee’s
three-year $1 million commitment
toward literacy improvement across the
Midlands.
The 2013 CommunityImpact Grants include:
Palmetto Project
Reach Out and Read
Richland Library
St. Lawrence Place
Save The Children
United Way of the Midlands
USC Arnold School of Public Health/
College of Mass Communications &
Information Studies
GRANTS OF GRANTS AWARDED
TOTAL GRANTS SINCE INCEPTION:
$91,000,000+
2003 2005 2007 2009 2011 2013
$4,259,645 $4,419,854 $4,904,494 $5,106,960
$9,267,939
$13,027,525
growth of grants awarded
H ON OR I N G OU R C OMMU N I T Y C H A MPI ON S
In November, the Community Foundation once again kicks off
the season of giving by recognizing our Best of Philanthropy
Community Champions. These Champions were nominated
in fi ve categories by local citizens and organizations.
• Individual Champion: Ann Driggers
• Family Champions: Ervin and Linda Yarrell
• Business Champion: Columbia Eye Clinic
• Group Champions: Junior Woman’s Club of Columbia
• Student Champions: Swansea High School JAG Students
consolidated financial statementsAs of June 30 2013 2012
assets
Cash and Cash Equivalents 6,301,521 5,702,913
Investments 72,990,940 70,405,050
Interest in Charitable Trusts and Life Insurance 17,545,439 17,359,725
Other 104,739 205,079
Total Assets $ 96,942,639 93,672,767
liabilities
Liabilities, Miscellaneous 16,775 25,707
Grants Payable 280,613 274,968
Funds Held for Agency Endowments 5,422,651 5,696,682
Funds Held for Supporting Organizations 4,561,635 5,034,594
Total Liabilities $ 10,281,674 11,031,951
net assets
Unrestricted 53,742,377 51,158,214
Temporarily Restricted 18,428,763 16,320,255
Permanently Restricted 14,489,825 15,162,347
Total Net Assets $ 86,660,965 82,640,816
Total Liabilities and Net Assets $ 96,942,639 93,672,767
public support and revenue
Total Contributions and Special Events 8,496,627 6,231,360
Less: Amounts Received for Agency Endowments (285,143) (355,741)
Net Contributions 8,211,484 5,875,619
Total Investment Income 7,661,827 (529,153)
Less: Investment Income for Agency Endowments (692,113) 64,640
Net Investment Income (Includes Unrealized Losses) 6,969,714 (464,513)
Revenues from Charitable Trusts 1,086,788 1,213,423
Other Income 127,423 112,917
Total Support and Revenue $ 16,395,409 6,737,446
expenses
Grants and Related Expenses 12,814,381 10,856,158
Less: Grants Disbursed from Agency Endowments (1,204,954) (371,130)
Total Program Services 11,609,427 10,485,028
Investment Management 50,992 52,324
Less: Expenses Allocated to Agency Endowments (4,623) (5,064)
Net Investment Management 46,369 47,260
Grants Management and Fundraising 704,664 617,193
Trust Beneficiary Payments 14,800 18,625
Total Grants and Expenses $ 12,375,260 11,168,106
Increase (Decrease) in Net Assets 4,020,149 (4,430,660)
Net Assets, Beginning of Year 82,640,816 87,071,476
Net Assets, End of Year $ 86,660,965 82,640,816
contact information
2711 Middleburg Drive
Suite 213
Columbia, SC 29204
803.254.5601
803.799.6663 (F)
www.yourfoundation.org
mission statement
Central Carolina Community Foundation’s mission is to promote, facilitate and expand philanthropy
to create a sustainable impact within our community through responsible giving.
To fulfill our mission we:
• Encourage donors to make effective charitable giving investments.
• Build a substantial endowment to provide for community needs for generations to come.
• Nurture and strengthen our community.
• Collaborate in support of creative solutions for important community needs.
staff
JoAnn M. TurnquistPresident & CEO x323 | [email protected]
Tonia E. CochranDirector of Marketing & Communicationsx329 | [email protected]
Charlotte Henderson Director of Information Management x326 | [email protected]
David M. LairdDirector of Community Impactx322 | [email protected]
Jennifer A. Meyer, MBA, CPAVice President for Financex325 | [email protected]
Kelly RogersStaff Accountantx330 | [email protected]
Heather SherwinVice President for Developmentx331 | [email protected]
Kristin W. WilliamsonInteractive Marketing Managerx328 | [email protected]
kershaw
lee
richland
sumter