Transcript East Central Illinois Community Development Symposium April 4, 2011     First Community Foundation est.

East Central Illinois
Community Development Symposium
April 4, 2011
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First Community Foundation est. 100 years ago in
Cleveland, OH
4.6 billion dollars put to work each year serving donors
and strengthening communities
717 Community Foundations with knowledge of local
issues and resources
We are working in a Vibrant – Collaborative Field
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Tax-exempt public charities improving the quality of life in their area.
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Enables people with philanthropic interests to easily and effectively
support the issues they care about – immediately, or through their will.
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Individuals, families, businesses, and organizations create permanent
charitable funds by contributing a variety of assets and may also
recommend grants to nonprofit groups and charitable projects they wish
to support.
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All community foundations are overseen by a volunteer board of
leading citizens and run by professionals with expertise in identifying
their communities’ needs.
Midwest
Number of Counties in the State
102
Number of Community
Foundations
40
COF Members
27
Certified in National Standards
20
Southeastern Illinois
Community Foundations (SICF)
Service Areas
Clark, Clay, Coles,
Crawford,
Cumberland,
Effingham, Fayette,
Jasper, Lawrence,
Richland, Shelby
Is there a community foundation
in your hometown?
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Service to Donors – There will
always be individuals who need
us.
Community need vs. available
funding.
Transfer of Wealth – Between
$6T - $24T is projected to go
to charity by the year 2052.
Start-up/ Ongoing
Costs
501 © 3 application
Independent CF
SICF Member
$3,000 plus staff time
Annual accounting
and tax filings
$3,000 - $5,000 plus
staff time
No separate legal
entity required
Included
D&O, Liability, worker
comp
$4,00 and up
Included
Annual Audit
$4,000 - $12,000
Included
Professional
Membership
Organizations
Investment
Management
Annual memberships
Included
Board expertise for
investment decisions
Included
By-laws, officers and
trustees
Local board – seats
on corporate board
Governance
Our mission is to bring the full capabilities
of a community foundation to smaller communities
in our region by working with local volunteer boards
serving their hometown.
Southeastern Illinois Community Foundation charges fees to the funds
under its administration to help defray the personnel, administration
and other operational costs.
Services communities receive for the administrative fee include:
 Integrated fund accounting and reporting services;
 Shared website;
 Stronger identity through market branding and shared publications;
 Professional investment management;
 Independent annual audit and tax reporting;
 Compliance with national and state ethical and operational
standards.
 Asset development and grant making conducted locally.
Get
Grow
Give
Local Donor
Development
Local Marketing
Investment
Management
Cultivating Regional
Partnerships/Donors
Regional Marketing
Policy Making
Legal Compliance
Local Grant
Programs
Local Marketing
County
Leadership
Boards
SICF
County
Leadership
Boards
SICF Staff and Board of Directors
Jim Schultz, Chair
Open Prairie Ventures
Joedy Hightower
President/CEO
Scott Lensink, Vice Chair
Lake Land College
Jon Fulton
Executive Director Mattoon
Rick Siemer, Secretary
Siemer Milling Company
Brian Titus, Treasurer
Lorenz Supply Company
Valerie Belusko
Administrative Assistant
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Brian Titus (Lorenz Supply Company)
Blake Linders (Linders LTD/McDonalds)
Jeff Richards (SunGuard)
Carol Rohr (Fifth Third Bank)
Karen Erskine (Raymond James Financial Services)
Diana Smith (West & Company)
Steve Wente (Doehring & Winders)
Doug Zuhone (Eastern Illinois University)
David Cox (Lake Land College Foundation)
First Mid-Illinois Bank - Mattoon
Wealth Management Custodian
January 2009 - December 2010
52%
44%
36%
Cumulative Return
28%
20%
12%
4%
-4%
-12%
-20%
SICF
Blended Benchmark
S&P 500
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Established in 1999
55 Component Funds
13 member leadership board
$5.1 million TNA 12/31/2010
Total Grants - $721,967
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Established in 1980
20 Component Funds
13 member leadership board
$1.1 million TNA 12/31/2010
Total Grants - $335,000
$1 Million in grants and growing!!
Working
Together
–
working
A
Trusted Resource for Rural Philanthropy
together
We work through community leaders.
You stay in control of your local relationships;
we’re here to provide administrative and marketing
resources.
We partner with you.
We provide information and expertise on
charitable giving to donors interested in supporting
local causes.
We help you build stronger relationships.
Your community benefits from the charitable
impact and local donors receive the tax
advantages of their charitable gifts
We help you connect across generations.
Local individuals, families and corporate donors
establish funds now for the benefit of future
generations
Collaboration – We bring together people, processes and funds to focus on the
common goal of community strength and sustainability. Together we can accomplish
more than we can separately.
Best Practices – We utilize efficient, effective strategies and methods to enhance SICF
staff and volunteer talents and resources for the benefit of our member foundations.
Growth and Development – We work to support communities, member foundations
and SICF goals for growth and positive evolution into the future.
Power of Community – We believe in and support the power of our communities to
develop their potential by applying their passions and their resources.
Serving the philanthropic needs of Southeastern Illinois