Report to the Community

Transcription

1 2 011 COMMUNITY FOUNDATION SANTA CRUZ COUNTY Report to the Community

2 Local Philanthropy Thirty Years and Growing Much has changed, both here and in the local nonprofit sector, since our community foundation started thirty years ago. What hasn t changed one bit, however, is the generous spirit of the people living and giving here. People Looked for a Local Place to Give In 1982, following winter storms that left 22 dead and many more homeless, county residents got together to create a place (local being the prime motivation) to collect and disburse funds to help during natural disasters like the one in 82. With an initial five directors of Ian McPhail, Jack Baskin, Margaret Lezin, George Gallucci and Florence Wyckoff, the Community Foundation was established. Yes, there were naysayers who said a county this small could never support the level of individual fundraising needed to grow a community foundation. But, together, we proved them wrong. Your Giving Makes a Difference Now three decades later, our total assets have climbed to nearly $50 million. Last year, we awarded $4.4 million in grants and saw ourselves again nationally ranked among the top 25 most active community foundations in the U.S. (calculated by dividing total grants by total assets). Your Local Center for Philanthropy With a lead gift from Jack & Peggy Baskin and other gifts (many from our original founders), we opened the Jack & Peggy Baskin Center for Philanthropy in 2010, a place for you to meet, get help and learn together. Now, with the launch of our rebuilt website (cfscc.org), we dive headlong into the Web 2.0 social media waters, offering you more ways to engage us in person and online. So, here we go. It s time to try something new all over again. Lance Linares Executive Director Ceil Cirillo Board President

3 Promoting Philanthropy HELPiNG OTHERS Invest In THE FutuRE I RecentlY helped an 89 year old man create a charitable gift annuity. He will now receive monthly income at an annual rate of 9.8% of his donation, guaranteed for the rest of his life. After he dies, the money left in his fund will be donated to a small local service organization, as he wants. The Community Foundation has resources and charitable giving tools for advisors, like me, to help our clients meet their charitable giving goals. Early in attorney Eileen Hamilton s life three passions emerged, one being philanthropy. Learn how they can help you at HELPiNG NONPROFiTS SECuRE THEir FutuRE CalIFornia grey bears has made weekly deliveries of fresh produce to thousands of local seniors for nearly 40 years. That s in addition to their successful recycling operations. In 2011, the agency turned to us for help in creating a permanent source of future revenue. With an initial investment of $100,000, they established an agency flex fund. Every year from now on they ll receive a grant from the invested fund s earnings, to use however they see fit. Our investment in the Community Foundation not only benefits our agency, it benefits our entire county. Tim Brattan, executive director If needed, they can dip into the principal. But, they ve decided to treat the fund like an endowment and spend only the earnings. That s the flexibility this kind of fund provides them for the future. Learn ways we can help your nonprofit at A PLACE FOR You To MEET, LEARN AND SHARE creating a place where you could connect with us and others was a prime consideration in the design of the Jack & Peggy Baskin Center for Philanthropy. During 2011, our first year of operation, we counted 3,435 people and 101 community groups using the center. We re on track to exceed those numbers this year. Learn how your community group can use the building for your meetings and events at A sampling of the community groups that used the center for their own meetings or events include the Human Care Alliance, KUSP-FM, Santa Cruz County Sheriff s Dept., The Diversity Center, Ecology Action, Cultural Council of Santa Cruz County and the Aptos Chamber of Commerce.

4 2011 Board of Directors Ceil Cirillo Board President Executive Director (retired), Santa Cruz City Redevelopment Agency Michael O Farrell Board Vice President Vice President (retired) Global Community Affairs, Applied Materials Rachel Wedeen Board Secretary Senior Vice President Financial Advisor, Morgan Stanley Smith Barney Michael F. Meara Board Treasurer CFP & President, Pacific Mountain Advisors Caleb Baskin Attorney at Law Partner, Baskin & Grant, LLP Marilyn Calciano Vice President (retired), Morgan Stanley Martin M. Chemers Department Chair Professor Psychology Department, uc Santa Cruz Cynthia Druley Executive Director, Court Appointed Special Advocates Santa Cruz County Linda Fawcett Director of Training (retired) Education Training Research Associates Dina Hoffman Attorney at Law Leola Lapides Attorney at Law Partner, Law Office of Katz & Lapides Mario Maldonado Deputy City Manager, City of Watsonville Rachel Mayo Director, Cabrillo College Watsonville Center Ginny Solari Mazry Partner, Solari Associates Terry Medina Chief of Police (retired), City of Watsonville Ralph Miljanich Associate Vice President (retired), Morgan Stanley Smith Barney Robert Ridino President & CEO, S.A.R. Enterprises Donna Ziel Associate Director (retired) Student Outreach & Recruitment, San Jose State University Honorary Trustees Jack Baskin, Director Emeritus Ian McPhail, Director Emeritus Georgia Brauer Jess Brown Nell Sesnon Cliff Diane Porter Cooley George Couch III Nancy Driscoll Deidre Hamilton Mary Hammer Harold Hyde Samuel Leask IV William Locke-Paddon Fred McPherson III Harvey Nickelson Martina O Sullivan Richard Polse Rowland Rebele J. Miles Reiter Norman Schwartz Robert Stephens James Thompson James Watson

5 Community foundation santa cruz county 2011 Financials Even in turbulent financial times, we ensure the charitable dollars you entrust to us are available to meet your long-term giving goals. You can feel secure behind the stewardship of our staff, board, its finance and audit committees, our financial advisor Brian Sharpes at UBS Wealth Management and our auditors at Novogradac & Company, LLP. See our 2011 audit and other financial documents at Where our ASSETS are invested Total Market Value December 31, 2011 $48,532,149 Investment Pool Value % Long Term Socially Responsible Short-Term Fixed Money Market Non-Donor Funds Real Assets $ 28,001,566 $ 5,273,533 $ 831,649 $ 284,628 $ 5,089,874 $ 9,050, % 11 % 2 % 1 % 10 % 18 % total $ 48,532, % our statement of activities December 31, 2011 REVENUE Contributions $ 4,704,603 Grants $ 1,279,587 Investment Income $ (785,010) other Income $ 2201 Total Revenue & SuPPort $ 5,201,381 EXPenses Grant Expenses $ 5,482,327 other Program Expenses $ 1,023,571 Fundraising $ 591,445 Administration $ 295,721 Total Expenses $ 7,393,064 CHanGE IN NET ASSETS $ (2,191,683) Investment Pool 2011 YTD 5 Years since Inception Long Term (2.16 %) 2.26 % 7.52 % Socially Responsible (0.32 %) 2.79 % 4.19 % Short Term 4.80 % 6.19 % 4.97 % Money Market 0.01 % 2.33 % 2.78 % Assets Cash & Equivalents $ 736,241 Investments $ 37,575,043 contributions & Other Accounts Receivable $ 972,392 Fixed Assets, Net $ 9,050,899 Deposits & Prepaid Expenses $ 47,907 other Assets $ 149,667 Total ASSETS $ 48,532,149 Liabilities our investment performance our statement of FInancial position December 31, 2011 Accounts Payable $ 190,280 Grants Payable $ 755,722 agency Funds $ 2,903,614 charitable Gift Annuity Liability $ 333,882 Family & Friend Bonds $ 2,500,000 Total LIABILITIES $ 6,683,498 Net Assets (Equity) Unrestricted $ 7,603,215 temporarily Restricted $ 13,003,526 Permanently Restricted $ 21,241,910 Total NET ASSETS (EQUITY) $ 41,848,651 TOTAL LIABILITIes & NET ASSETS $ 48,532,149

6 Community foundation santa cruz county Why I Give Since 1982, we have helped people from all walks of life to be philanthropists and to join us in giving money, volunteer time or both to causes they care about. You can see more people and their stories at I believe we all have an obligation to make the world a better place. Deidre Hamilton It s nice to be able to use my career business experience to help people get started in their new businesses. Al Carman I give because I believe it makes a difference it is one very important way we create community. Liza Culick A Lasting Legacy Zoe Ann Orr and her husband Frank, former editor of the Register-Pajaronian, found a way to support their interests in perpetuity. They left a bequest to endow 16 local nonprofits, forever. American Red Cross Santa Cruz County Community Bridges for Meal on Wheels Elkhorn Slough Foundation Family Services Association of Pajaro Valley Girl Scouts of Monterey Bay Hospice of Santa Cruz County Moreland Notre Dame School Pajaro Valley Community Health Trust Pajaro Valley Historical Association Pajaro Valley Shelter Services The Salvation Army, Watsonville Visiting Nurse Association of Santa Cruz Volunteer Centers of Santa Cruz County Watsonville High School Foundation YWCA of Watsonville Learn more about ways you can give at Frank and Zoe Ann Orr, New York, 1940s. For good. For ever. Confirmed in Compliance with National Standards for U.S. Community Foundations Printed on recycled paper. Photos by Chris Schmauch and contributed by Ag Against Hunger, Community Alliance with Family Farmers and Shakespeare Santa Cruz.