for good. for ever. sm. t w a h is a community foundation?
TRANSCRIPT
We are a nonprofit, community corporationcreated by and for the people of the City of Wyoming.
We are here to help our donors do good work… forever.
We have three special We have three special features that make community features that make community foundations unique.foundations unique.
Endowment grantmakingfeature
one› Invest and protect gifts, always growing
the endowment principal
› Build permanent community capital
› Distribute earnings via grants based on 5% spending rule
› Monitor community needs from arts to economic development
› Direct grants and resources to greatest needs
› Support high-impact opportunities
Building a permanent resource.
The growth of the Curtis Wylie Fund
1958 2005
$21 millionGenerates
over $950,000 annually
$6.2 million
Since 1958, initial gift amount given away four times!
foundation
factsThe power of endowment grantmakingThe power of endowment grantmaking
feature
one
Community leadershipfeature
two
Leading positive change.
› Act as a catalyst, focusing community resources on critical issues
› Leverage local knowledge, staff, board members, and strong community ties
› Strengthen nonprofit sector through capacity grants and endowment building
› Foster development of new organizations and programs
› Gather and share information about local needs, agencies and programs
Community leadershipfeature
two
› Arts and culture
› Community development
› Education
› Environment
› Health
› Human services
Monitor all community needs
Personalized givingfeature
three
- Cash
- Stocks
- Property
- Bequests
› Fulfill multiple charitable intents
› Contribute in a variety of ways:
Personalized givingfeature
three
› Gain maximum tax advantage
› Be involved in establishing a fund:
- Unrestricted
- Field of Interest
- Designated
- Advised
- Agency Endowed
1914 First U.S. community foundation established in Cleveland, Ohio
today Over 600 community foundations in the United States
1922 Grand Rapids Community Foundation was established by local businessman Lee Hutchins.
foundation
facts A brief history
1992 Wyoming Community Foundation was established by local concern citizens.
› Four funds
› More than $439,000 in endowed assets
› More than $7,000 in annual grants
› Cumulative grants of more than $70,000
foundation
facts Our vital statistics
Wyoming Community Foundation
•Tommy BrannTommy Brann
•Dennis BushDennis Bush
•Edward EdwardsonEdward Edwardson
•Vickie HoekstraVickie Hoekstra
•Mary HollinrakeMary Hollinrake
•Brenda Kading-PayneBrenda Kading-Payne
•John KuiperJohn Kuiper
•Tim NewhouseTim Newhouse
•Mike RoseMike Rose
•Lillian VanderVeenLillian VanderVeen
foundation
facts Involved community leaders
Our board of trustees
1) Fundraising1) Fundraising2) Giving2) Giving3) Grantmaking3) Grantmaking4) Community awareness4) Community awareness5) Strategy5) Strategy
Altrusa International FoundationAltrusa International FoundationKellogsville Warm-A-HeartKellogsville Warm-A-HeartPlanned Parenthood Centers of W. MIPlanned Parenthood Centers of W. MIRogers Heights Christian Reformed ChurchRogers Heights Christian Reformed Church