madison community foundation annual meeting june 2014
TRANSCRIPT
Helping Good People Do Good
Madison Community Foundation Board of Governors
Madison Community Foundation Staff
Helping Good People Do Good
INSPIRINGSUPPORTING
CONNECTING
12-Month Activities
• Completed 5-year strategic plan
• Strengthened relationship with AFFW
• Completed three campaigns
• Hired three staff
• Grew contributions, distributions, returns
Great Performance Campaign
MCF Core Values
• Generosity: We inspire giving to improve our world
• Permanence: We steward community assets to ensure permanent, multi-generational
philanthropy
• Connectivity: We listen to fundholders, learn about community initiatives and foster
connections
• Effectiveness: We identify opportunities, align actions and produce results
• Integrity: We create trust by acting with transparency and accountability
MCF Stakeholder Themes
Knowledge of the community
Permanence
Expertise
Identify and foster connections
Independent objectivity
MCF Mission
Madison Community Foundation uses its local knowledge and assets to
inspire giving, support meaningful initiatives and connect people for the
common good.
MCF Vision
The Greater Madison Area will bea vibrant and generous place
where people help each other thrive.
Helping Good People Do Good
INSPIRINGSUPPORTING
CONNECTING
Financial Highlights
Total Assets: $153,190,047
Contributions Received: $9,212,371
Gifts Received: 3,465
Number of Donors: 1,763
Distributions: $7,996,802
Number of grants: 1,378
Your Support Doing Good in the World
Fundholders – Areas of Focus
Average AnnualInvestment Returns
as of 12/31/13
Value 1 Year3
Years5
Years10
YearsDiversified Portfolio $132.5 M 15.11% 6.49%
10.46% 5.21%
benchmark
14.90% 8.10%11.28
% 5.85%
ESG Portfolio $3.8 M 20.69%10.29
%11.90
% 6.18%
benchmark
17.55%11.06
%12.71
% 6.54%
Maximum Giving Portfolio $5.9 M 9.85% 5.65% benchmark 4.17% 5.87%
Intergenerational Equity
“The trustees of endowed institutions are the guardians of the future against the claims of the present. Their task in managing the endowment is to preserve equity among generations.”
James Tobin, Economist
Investment Goals
Enhance MCF Long-Term Viability• maximize value of permanent endowment• prudent level of risk• long-term investment program
Return Objective• normal inflation + spending• preserve purchasing power of the funds
Excellent Stewards
MCF Board of Governors
MCF Investment Committee
Joan Burke, Chair Jack BolzJim Bradley Phyllis LovrienSteve Brown Ron MensinkJac Garner Tom OlsonBlaine Renfert Mark ReadyDave Stark Dave Reinecke
Carrie Thome
Trusted Professionals
Commonfund• Outsourced Chief Investment Officer• 50 Sub-advisors of marketable and
hedging strategies• 70 private capital managers
Walden Asset Management• ESG portfolio manager
Asset Allocation Process
ESG Considerations• Demonstrated accountability• Management systems• Peer group comparison• Trends over time
• Capital reinvestment• Human rights• Local impacts
• Board structure• ESG reporting• Executive compensation• Political spending and lobbying
• Compensation/benefits• Diversity• Labor relations• Safety and workplace conditions
• Climate change• Resource efficiency• Waste reduction• Water risk
Environment Workplace
CommunityCorporate Governance
Sources of information• Company • Government databases• Independent research providers• Issue-based technical experts• Major media and trade journals
ESG Research FrameworkInforms Portfolio Screening and Shareholder Engagement
Core Products &
Services
Real-Life Results
Fund Inception 1991
Total Contributions to Fund $15,086,613
Cumulative Grants from $21,965,255 Fund since inception
12/31/13 Fund balance $16,946,529
Helping Good People Do Good
INSPIRINGSUPPORTING
CONNECTING
Dorothy Blotz, FundholderField of Interest
Inspiring Donors
Christine Rew Barden, Advisor
Trusts & Estates Attorney
“The philanthropic services offered by Madison Community Foundation are not only cost effective, but make philanthropy easy, flexible, and effective…”
Inspiring Donors
Inspiring Donors
Glenn and Cleo Sonnedecker, FundholdersCommunity Impact
Friends of Dane County Parks Endowment
Inspiring Donors
Inspiring Donors
• Thank you• Proactive outreach• Current & future goals– Donor Fundholder
– Fundholder Legacy Society
– Legacy Society Fundholder
Helping Good People Do Good
INSPIRINGSUPPORTING
CONNECTING
Madison Public LibraryNew Downtown Library
Clean Lakes AllianceConservation and Infrastructure
A Fund for WomenEndowment Challenge Grant
Boys and Girls ClubCollege Club
Simpson Street Free PressAfter School Academic Academy
Operation Fresh Start Pathways Premium Program
YMCACommunity School Pilot Program
Omega SchoolGED Digital Curriculum
Salvation ArmyComputer Lab
Bridge Lake Point & Vera Court Neighborhood Centers Latino Academy Workforce Development
River Food PantryWalk-in Cooler
Central Park
Madison OperaNew Building
Madison BalletDracula
Madison Music Makers
Wisconsin Youth Symphony Orchestra
Wolf Run Association Black Earth Creek Trail in Mazomanie
Dane County ParksEndowment Challenge Grant
Wisconsin WetlandsEndowment Challenge Grant
Dane County Humane SocietyCapital Campaign
Attic Angel
Domestic Abuse Intervention ServicesCapital Campaign
Henry Vilas Zoo
Splash ParksMadison, Middleton, Fitchburg
Splash Park
Neighborhood Center COMETS(Creating Opportunity in Math, Engineering, Technology and Science)
GROW CoalitionDigging In Project
Lakeview Elementary “Pazillion”
Orchard Ridge Elementary
Whalen Pond
Beyond the Page Endowment
$1.4 million raised!
Cost-free, Collaborative, Countywide
Helping Good People Do Good