The Community Foundation Update
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The Community Foundation Update

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President Katherine Kreuchauf gives an overview of The Findlay-Hancock County Community Foundation for the year 2010 as well as vision into 2011.

President Katherine Kreuchauf gives an overview of The Findlay-Hancock County Community Foundation for the year 2010 as well as vision into 2011.

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  • Board recently reaffirmed this mission and advanced our strategic plan through 2014.
  • Currently, the Community Foundation had a powerful advantage in meeting needs of the community. Fully 70% of those funds are unrestricted, meaning the Board of the Foundation can direct them to be used to meet the future needs of the community without restrictions.The Foundation’s unrestricted funds have been the source of our support for flood mitigation, the Family Center, and services to increase the ability of local agencies to become more financially stable.Currently the foundation’s top areas of support are human services, flood mitigation, agency capacity building, and education- direct support for school based programs and scholarships. Recently our support for the arts has not been as strong as in the past; we would like to see more activity in arts support.
  • These small organizations tend to ebb and flow in their ability to respond to changing needs and to fulfill the purpose for which they were created.
  • But community issues remain stable- top 7 have not varied in decades. The relative positions change but the list has been stable. As the Board reviewed our mission and vision, it became clear that we needed to do more to assure that agencies providing core community services, like those on this list, have the knowledge and skills to deliver them.For the Foundation, this both a grant making issue and a donor services issue. Donors want to feel good about how their gifts are used; as grant makers, we want to be sure the programs we support are effective and that the agencies that receive grants can sustain them after the grant ends.As a result, I am pleased to announce that we are launching a two-year initiative, the Madeline Schneider Circle. 12 agencies will be selected to participate in a 2 year program of Board development, personal development, and technical assistance.Our goals: First, to have a top of class organization in place in Hancock County addressing each of the seven issue areas on this slide.Second, that each of these organizations would have the capacity to start and build their own agency endowed fund for general operations
  • Why is this a goal:When an endowed fund is created, it’s created forever. Here is a 13 year history of one fund. Initial gift of 90k in 1996; ebbs and flows with market fluctuations
  • And here is the annual amount that has been used for grants..
  • If you put them side by side you see that even though the fund balance has varied, the grants have been relatively stable. And the total grants award from the fund now approach the original amount that opened the fund in 1996.
  • One of Findlay’s most unique assets is the Family Center. It houses 15 community agencies. Last year more than 40,000 people walked through its doors.
  • Pharmacy program; meeting space; clinics; food pantry.The Community Foundation supports it through Hancock Properties Foundation- grants to individual agencies and to Hancock Properties Foundation, which operates the Center.
  • Women’s giving circle. Purpose: introduce donors to the philanthropic process; we hope that HTH members will go on to open donor advised funds or Seed Funds of their own. The experiences they have as HTH members will carry through to the decisions they will make as fund holders: what are the community’s needs? What are the issues or opportunities that inspire me? How can I use resources most effectively to create change in the community?2011 area of emphasis: support of programs to reduce Rx and non-Rx drug abuse in Hancock County.
  • Website- pages for professional advisors and donors; calculate your own gift annuity payment or follow changes from the IRS and Congress. Ideas, news, inspiration.Also pleased to announce that our 2011 scholarships program will be online this year. For parents: less worrying about whether their teen has completed the ‘right’ application forms. For students: less copying. For selection committees: less paper.
  • IRA Roll overSeed fundsGifts of retained life estateExpanding channels to build awareness of community issues AND opportunitiesHancock County-Findlay Bicentennial

The Community Foundation Update Presentation Transcript

  • 1.
  • 2. Mission
    The Findlay-Hancock County Community Foundation is dedicated to improving the quality of lifein Hancock County through collaborative leadership, responsible grantmaking, and development of philanthropic giving.
  • 3. Overview
    • More than 250 endowed funds
    • 4. Granted $12.4 M in last 5 years
    • 5. Gifts total $35.5 M over last 5 years
    • 6. Assets are approximately $60 M
  • Permanence of Local Agencies
    365 registered nonprofit organizations in Hancock County
    • 246 have less than $100K annual income
    • 7. 256 have less than $100K in assets
    1 NONPROFIT ORG
    150 PEOPLE
  • 8. Perennial top issues that communities face:
    • Jobs
    • 9. Safety
    • 10. Education
    • 11. Health care
    • 12. Environment
    • 13. Quality of Life
    • 14. Inclusion and Citizen Engagement
  • Power of Endowment
  • 15. Power of Endowment
  • 16. Power of Endowment
  • 17. The Family Center
    The Family Center
    ASSOCIATED CHARITIES
    HANCOCK METROPOLITAN HOUSING AUTHORITY
  • 18. The Family Center
  • 19. Handbags That Help
    • Women’s giving circle founded in 2007
    • 20. Granted $146,455 in first three years.
    • 21. Will grant $42,714 in 2011
  • Website
    www.community-foundation.com
  • 22. The Future
    • Expanding services for donors and advisors
    • 23. Strategic Advisory Committee
    • 24. Upcoming 20th Anniversary