Republic County Community Foundation

INSPIREINVESTENRICH2015-2016 Annual Report

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INSPIRE·INVEST·ENRICHRepublic County Community Foundation inspires the community to support local charities and to celebrate philanthropy through a pool of funds, responsibly invested and maintained. By providing donor services and flexible charitable giving, the Community Foundation helps donors support all their passions & causes.

Republic County Community Foundation inspires the community to support local charities and to celebrate philanthropy through a pool of funds, responsibly invested and maintained. By providing donor services and flexible charitable giving, the Community Foundation helps donors support all their passions & causes.

Our mission is to build permanant endowment fundsand meet charitable needs.

TABLE OF CONTENTS4 GIVE NOW GIVE LATER

6 DONORS & MEMORIALS

7 FOUNDING DONORS

9 FUNDS & GRANTS

8 SUSTAINING DONORS

12 CAYDEN’S FARM SAFETY GRANT

13 HANSEN PARTNERSHIP

14 FOUNDATION FINANCE

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LETTER FROM THE BOARD CHAIRINSPIRE. From meager beginnings in 2007, the Republic County Community Foundation hoped to inspire donor confidence by providing a tool to meet donor wishes by matching their passions to causes that mattered most to them. Nine years later, it is us who are inspired by our donors who have blessed the foundation with their generosity beyond our wildest dreams. No one would have predicted or even imagined that nine years later the foundation assets would exceed $2.4 million dollars. Even more inspiring is the fact that several donors have included the foundation in their estate plans leaving an even greater legacy which will enrich the quality of life for future generations. Yes, our donors are truly inspirational!

INVEST. We are committed to wisely invest current and future assets entrusted to the foundation. It is an honor and a privilege to carry out the wishes of each and every donor, no matter how small or large, no matter whether the funds are endowed or a simply pass-through to the charity or causes important to them. In the past nine years the foundation has awarded over $339,000 from entrusted donor investments to causes that matter most and make a difference in ordinary lives each and every day.

ENRICH. The kindness and generosity of our donors enriches a broad spectrum of worthy causes throughout our Republic County communities. The list of county-wide grant awards includes the arts, education, science, spirituality, beautification and many other missions. Enrichment builds trust-bonds lasting beyond our lifetimes.

Last but not least, thank you to our outstanding board members for generously committing their time, talent and resources. It is an honor and privilege to serve with them. Their inspiring dedication creates investments that will continue to enrich the future of our ever-blessed rural Republic County community lifestyle.

Tim GottschalkChairman, Board of Directors

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GIVE NOW

The Community Foundation makes it easy for you to give: both to start your own charitable fund and to support an existing fund held at the Foundation. Whether you’re donating cash or complex assets, we will work diligently with you to ensure we achieve the greatest benefit for you and the charitable causes you believe in.

CASH GIFTS, also payable by check/credit card, are simple to make, create immediate impact, and are easily earmarked to support your favorite charitable organization.

AGRICULTURAL COMMODITY gifts may provide significant income tax savings to a producer. Because the commodity is gifted, no revenue is recognized, and the cost of production may still be deducted as a business expense.

STOCKS, BONDS & MUTUAL FUNDS can translate to a charitable deduction for the current market value of your asset, even if you bought it for far less, and may help you avoid paying capital gains tax.

CLOSELY HELD STOCK gifts offer you a charitable deduction for their appraised fair market value and may help you avoid paying related capital gains tax.

REAL ESTATE gifts of home, business or land offer an income tax deduction for 100% of the fair market value of real estate held for more than one year. In addition, the capital gains taxes due, if the property had been sold, are bypassed when the real estate is gifted. The outright gift of the property reduces your taxable estate.

PRIVATE FOUNDATION CONVERSION can help you avoid burdensome, costly administration while continuing your charitable purpose. The foundation’s 501(c)(3) status results in greater tax benefits and no mandatory payouts.

When is the best time to make agift to charity?

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GIVE LATER

The Community Foundation makes it easy for you to give: both to start your own charitable fund and to support an existing fund held at the Foundation. Whether you’re donating cash or complex assets, we will work diligently with you to ensure we achieve the greatest benefit for you and the charitable causes you believe in.

BEQUESTS left via a will or trust can help you reduce your estate taxes while supporting your community in a permanent, public way.

CHARITABLE GIFT ANNUITIES offer you stable, secure income while giving you an immediate tax deduction for a portion of your gift.

CHARITABLE LEAD TRUSTS may enable you to transfer appreciating assets to family tax-free while making gifts to your fund in the interim.

CHARITABLE REMAINDER TRUSTS pay you income for life while offering you an immediate tax deduction for a portion of your gift. You can make additional gifts to the trust as circumstances allow.

CHARITABLE REMAINDER ANNUITY TRUSTS offer you predictable income and an immediate tax deduction for a portion of your gift. They are invested and managed separately, and you avoid all capital gains tax on any appreciated assets you contribute to them. They also reduce your estate tax liability.

LIFE INSURANCE allows you to make a significant charitable impact at very little cost. Name your fund as a beneficiary and give later. Donate an existing policy and take an immediate tax deduction.

RETIREMENT PLANS, when passed to an heir, are quickly depleted by double taxation. Name your fund as the beneficiary and avoid taxes, leave more to your family, and preserve your hard-earned assets for the good of your community.

When is the best time to make agift to charity?

Need help with your charitable estate plan? Attorney John Griffin with Stewardship Counseling, LLC, provides free estate planning services once a month through the Greater Salina Community Foundation. Call for more information 785-823-1800.

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INSPIREOne way the Republic County Community Foundation achieves its mission is to inspire and enable donors to fulfill their charitable desires. The Foundation connects donors’ passions to causes and charities in this community and beyond.2015-2016 DONORS

2015-2016 MEMORIALS

Adrian BankDelbert AspegrenWard & Ilene AurandHelen AurnadBaileyville State BankBank of Newman GroveBankers Bank of KansasDave & Debra BeemsJohn & Judy BlackburnCharles & Elaine BowersBrad & Jill BoyerMartin Boyles & Wanda HurdRoy & A Karlene Browning IIIKaleb BrzonMike & Linda BrzonDarrell & Jana CarlsonRobert & Janice CarlsonChampions On Display LLCGary & Lyndell CharbonneauLawrence & Martha CloreRalph & Nancy CloreCommunity Bankers Assn of KSCountry Club BankDan K. CoupCarroll & Jane CoutureSteve & Becky CrawfordW. Tearel DrachCatherine EkerbergAlan & Lanie EngleSusan EricksonD. Brett & Sonia ErkenbrackFerguson Buick- GMC, LLCFerguson Management Group LLCDale & Marylee FischerFrank & Judy FoyeBrian or Diane FreemanCheryl FreshwaterTim & Kerri Garman

Gottschalk & Company, CPA’s, LLCTim & Julie GottschalkDane G. Hansen FoundationDennis & Mary HarrisGarrett & Erica HaycockScott & Sarah HeykaRyan & Diane HobsonJ.D. & Christy HoltDr. Robert & Nancy HoltHerb & Becky IamsRobert & Michelle JensenDelbert & Pat JohnsonHobart & Karyn JohnsonMarcia C. JohnsonTanner & Kathryn JohnsonKansas Financial ServicesMia KaufmanJoseph & Marybeth KennedyPhillip & Kathy KirchoffLela KnedlikRobert & Arleene KreierDale & Diane KuhnDan & Kathy KuhnRobert & Donna LancasterRichard & Mary LarsonRobert & Anita LarsonE. A. Prescott & Kelly LegardRichard & Melanie LindbergRick & Julie LoevensteinBrad & Lee LowellDon & Carla MakalousTammera MarrsNational American Miss, IncBill & Chris NavisDuane & Norma NelsonJanet NelsonTroy & Christy NewmanNutri-Shield, Inc

Jennifer NylundJohn & Judy NylundPeggy M. PickardMark PostDale & Jean Ann ReedPat & Patricia RenzeSusan RetterJohn & Dorothy RhineRoger’s Electric & PlumbingGarrett RussellJay & Jennifer RussellMark & Paula RussellMax & Kay RussellD SchneiderSteve & Jewelda ScofieldBrent & Rachelle ScottVerle & Anne SmithGerald & Idamay SothersNancy SpiegleStrategic Asset Management, LLCPhyllis StrnadGeorgene SurberLoren & Deanna SweatBruce & Susan TaylorLonnie & Donna TebowBeryl ThomasBernice ThompsonGerry & Delores ThompsonJeff & Regine ThompsonThomas & Suzanne TuggleVictor C Hurtig TrustAnita WalshGreg WarrenSherrill WedelRoger & Sandra WeisRandy & Amanda Wise

Michael E. Johnson

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It was the faith and commitment of our Founders that inspired the creation and growth of the Foundation. The Republic County area was given a vehicle for good, forever.

FOUNDING DONORS

INDIVIDUALS & FAMILIESWard & Ilene AurandBrad & Jill BoyerTony & Kim BombardierCollins Family: Jack, Sue, Jack Jr., Steven, Stephanie & Percy Jr.Dorothy M. FisherKen & Sue FischerThe Maurice, Mark & Mike Gieber Family and The Robert Morris FamilyFred & Lorine GleueTim & Julie GottschalkBeverly HydeKenneth & Jacalyn MoravekBill & Chris NavisJohn & Dorothy RhineSid & Pam ScofieldSteve & Jewelda ScofieldBrent & Rachelle ScottRobert, Georgene & Steven Surber FamilyDr. Andy & Vickie Walker

BUSINESS ENTITIESArbuthnot’s, Inc.Astra BankThe Citizens National BankCrossroads Pharmacy, Inc.Gottschalk & Company CPA’s, LLCJensik InsuranceNesika Energy, LLCNew Century BankPeople’s Exchange BankRepublic County Historical SocietyRural Gas, Inc.Strategic Asset Management, LLCSwedish-American State BankTibbetts Bros., Inc.

Tim Gottschalk, ChairmanBill Navis, Vice ChairmanBrad Boyer, TreasurerJane Couture, SecretaryNancy HoltJohn Rhine

Jenny RussellSteve ScofieldBrent ScottJeff ThompsonRandy Wise

2015-2016 Board of directors

Thank You Retiring Board MemberRCCF would like to thank retiring board member John Rhine for his outstanding service and dedication. We are most grateful and forever indebted to you. We wish you the very best in your future endeavors.

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SUSTAINING DONORS

Power of Endowment $10,000 endowed gift

Assumes 5% annual payout with a 1% administrative fee and a 8.5% rate of return

$15,500 endowed fund

$18,600 endowed fund

$35,000 endowed fund

YEAR 1

$51,000 in cumulative grants

$19,000 in cumulative grants

$10,000 in cumulative grants YEAR 15

YEAR 25

YEAR 50

Like our Founders, we are forever grateful for the support of these generous donors who continue to believe in the vision of the Republic County Community Foundation. With their support, we continue to build the Foundation resulting in better communities for future generations.INDIVIDUALS & FAMILIESAlan & Lanie EngleTim & Julie GottschalkDavid & Janet HeykaJim & Lori McDonaldSteve and Jewelda ScofieldSurber FamilyBUSINESS ENTITIESGottschalk & Company CPA’s, LLC

All Sustainers pledge a total contribution of $10,000 (a minimum $2,000 annual installment over five years), to be paid to the following funds:

• $5,000 to the Republic County Community Action Fund (unrestricted fund)

• $2,000 to the Administrative Fund• $1,000 to the NCK Health Care Foundation

Fund or Republic County Public Health Fund (both are public health funds)

• $2,000 to a fund of donor’s choice

If you are interested in being a Sustainer donor, please contact us at 785-527-5631, or download a pledge card at www.republiccountycf.org/sustainers/

Interested in becoming a Sustainer?

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REPUBLIC COUNTY COMMUNITY ACTION FUND

The Republic County Community Foundation has been used as a philanthropy investment tool to make communities better for nine years. Since inception, RCCF has awarded over $339,000 in grants that support a broad range of charitable causes-some grants directed by donors and some determined by the board of directors.

FOUNDATION FUNDS & GRANTS

INVEST

Agenda Booster Club - $2,500Downtown lighting & lamppost projectBelleville Chamber & Main Street Program - $1,500Rocky Pond Christmas lightsBelleville Main Street - $750Downtown planter projectBelleville Public Library - $2,000Bridging the digital divideBlair Center for the Arts - $2,500Wichita Children’s TheaterCity of Narka - $1,500Narka City park upkeepCourtland United Methodist Church - $500Pike Valley education partnershipPike Valley Preschool Program - $1,000Pike Valley preschool programRepublic County - $1,700NCK PRIDE programRepublic Recreation Association - $1,000Wildcat Greens RV ParkSmoky Hills Public Television - $250Literacy leadership for Republic County – booksUSD 109 – $5,800 - $800 – High school yearbook photography equipment update - $5,000 – One to one technology initiative

ADMINISTRATIVE FUNDSCurrent FundsRepublic County Administrative Fund

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FOUNDATION FUNDS & GRANTSDESIGNATED FUNDS

DONOR ADVISED FUNDS

Current FundsKansas Emergency Management Association, Inc. Scholarship FundKansas Health Foundation Operating Fund for Republic County Strnad Family Designated Fund2015-2016 Grantees-$9,209 total grantsCity of MundenKansas Emergency Management Association, Inc.Zion Evangelical Church

Current FundsJulie & Tim Gottschalk Family FundClifford & Betty Makalous FundRoger Simms Family Foundation FundPike Valley Foundation Fund2015-2016 Grantees-$750 total grantsNorth Central Kansas Health Care FoundationPike Valley Foundation

SCHOLARSHIP FUNDSCurrent FundsAmos & Joyce Blecha 4-H ScholarshipBruce Bowersock Memorial ScholarshipJohnson-Grandstedt Memorial ScholarshipScott Family Scholarship2015-2016 Grantees-$12,170 total scholarships(Scholarships paid July 1, 2015-June 30, 2016)Micayla Sjolander Cloud County Community CollegeCasey Jensen Fort Hays State UniversityWaylon Sheetz Kansas State UniversityTia Frey Truman State UniversityJuliana Krotz University of Nebraska - LincolnAutumn Walton Kansas Wesleyan UniversityCallie Brzon Washburn UniversityLucas Nutsch Washburn UniversityGabriel McGregor Wichita State UniversitySamuel Janssen Wichita State UniversityBryn Hobelmann Wichita State University

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FIELD OF INTEREST FUNDSCurrent FundsDane G. Hansen Community Grant FundKansas Health Foundation Fund for Republic CountyNorth Central Kansas Health Care Foundation FundRepublic County Health Fund2015-2016 Grantees-$57,950 total grantsBelleville Ball AssociationBelleville Main Street, Inc.Belleville Public LibraryBelleville Recreation DepartmentBlair Center for the ArtsChurch People Concerned FoundationCourtland Community Arts CouncilCourtland PRIDE ClubGirl Scout Troop #20540Pike Valley Elementary/Jr. High Pike Valley Summer BaseballPike Valley Summer Youth BallRepublic CountyRepublic County 4-H CouncilRepublic County Historical SocietyRepublic County HospitalRepublic County Jr./Sr. HighRepublic County Patriot ProjectScandia Community ClubScandia Lions ClubUSD 109

ORGANIZATION FUNDSCurrent FundsBelleville Public LibraryBelleville United Presbyterian ChurchChurch People Concerned Foundation, Inc.High Banks Hall of FameRepublic County Historical Society 2015-2016 Grantees-$8,282 total grants

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ENRICH

CAYDEN’S FARM SAFETYCayden’s Farm Safety received a $1,000 grant from the NCK Health Care Foundation Fund through the Republic County Community Foundation to assist in their annual safety event. The event was held at Pike Valley School and was attended by approximately 250 people, promoting farm safety to area youth. The event originated after a tragic accident claimed the life of Cayden Dunstan, son of Earl and Crystal Dunstan.

The Dunstans, founders, said, “We had Cayden’s Farm Safety at the Pike Valley school this year, and were also able to have the third and fifth grade classes from Republic County school district join us as well, so there was a greater number of kids learning about farm safety than we had originally expected.

The event had different stations for the children to understand the risks and safety precautions that were necessary on a farm. The also hosted Zach Short, a double amputee from a farm accident, speak as well as the Peterson farm brothers perform. Dunstan’s stated, “We feel if there is even just one thing each kid can take away from Cayden’s Farm Safety we are making a difference in keeping kids safe. We all get in a hurry when we should just slow down to avoid detrimental mistakes.”

Through the generosity of inspired donors investing in the Republic County Community Foundation, charities in Republic County and many other locations are able to enrich communities through arts, education, science, spirituality, and countless other missions.

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THE FUTURE IS BRIGHTMore than a year ago, the Republic County Community Foundation (RCCF) was given a $100,000 grant from the Dane G. Hansen Foundation to distribute to Republic County charitable projects. This grant established the Dane G. Hansen Community Grant Fund. From that time, the Hansen Foundation has only increased their partnership with RCCF.

Through the Dane G. Hansen Community Grant Fund, a component fund at RCCF, the RCCF Board of Directors awarded over $51,000 to charities across Republic County. Some examples of projects include new welcome and events signs for Belleville Main Street, sculpture park and event garden in Courtland, Weatherbug meterology system for USD 109, and active classroom at Pike Valley Elementary School.

Another program initiated by the Hansen Foundation is an opportunity for the RCCF to increase the Republic County Community Action Fund, an unrestricted community grant fund. Every dollar given to the Action Fund in December 2016 by donors will earn an additional dollar from the Hansen Foundation. By supporting the Action Fund donors are ensuring that local charitable needs are being met now and in the future.

The final phase introduced in the summer was Dane G. Hansen Community Clean-Up Fund. This fund offers residents the opportunity to beautify their communities by removing trash and overgrowth. More information can be found at www.republiccountycf.org.

The Dane G. Hansen Foundation was established as a charitable organization in 1965 through the generous donation of Dane G. Hansen. Hansen was an exceptional Kansas citizen who had a personal interest in promoting education and helping make communities in northwest Kansas better places to live.

HANSEN PARTNERSHIP

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17 14

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Donor Advised- 9%

Administrative- 2%

Designated- 12%

Field of Interest - 9%

Organization- 17%

Scholarship- 14%

Pass-Through- 3%

Unrestricted- 34%

Investment InfoGSCF INVESTMENT PORFOLIO

RCCF ASSETS BY TYPE

RCCF TOTAL ASSETS

The Foundation believes the best long-term performance will be achieved through a balanced portfolio consisting of 75% equities and 25% fixed income and cash.As an affiliate of the Greater Salina Community Foundation (GSCF), the funds at the Republic County Community Foundation are pooled together with all the funds held by GSCF and their affiliates. The funds are invested with Vanguard and governed by a finance committee at GSCF.We are confident in our performance and rate well when compared to other investment pools. Our 5 year annualized return is 7.31% and our 10 year annualized return is 6.09%.

2nd Quarter 2016 + 2.10%

Trailing 1 Year - 0.30%

Trailing 3 Years +23.34% Absolute + 7.24% Annualized

Trailing 5 Years +42.31% Absolute + 7.31% Annualized

Trailing 10 Years +80.59% Absolute + 6.09% Annualized

$2,439,623

$-

$250,000

$500,000

$750,000

$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000

$2,250,000

$2,500,000

$2,750,000

2008 2009 2010 2011 2012 2013 2014 2015 2016

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REVENUESGifts & Bequests-Principal $137,123.97Gifts & Bequests-Income $100,000.00Dividend Income $56,620.55Realized Gain on Investments $941.66Unrealized Gain on Investments $(61,548.69)

Total Revenues $233,137.49TRANSFERSInterfund Gifts $(7,917.32)Interfund Grants $3,841.00

Total Transfers $(4,076.32)EXPENSESGrants Authorized $105,520.00Foundation Administrative Contribution $20,381.62Operating Expenses $5,484.07

Total Expenses $131,385.69NET ACTIVITY $105,828.12

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

CONSOLIDATED STATEMENT OF ACTIVITIES

ASSETSWells Fargo CMM $71,367.89Pooled Investment– Vanguard $2,160,219.86Segregated Investment Accounts $208,035.66

Total Assets $2,439,623.41LIABILITIESTotal Liabilities $0FUND BALANCESFund Balance—Principal $2,025,099.73Fund Balance—Income $330,153.68Fund Balance—Spendable $84,370.00

Total Fund Balances $2,439,623.41TOTAL LIABILITIES & FUND BALANCES $2,439,623.41

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P.O. Box 541Belleville, KS 66935785-527-5631www.republiccountycf.orgrepubliccounty@gscf.org