Fayette County Foundation Booklet

Contents 1 Inspire. Give. Grow 2 Giving Back 3 Giving to What You Love 4 Keeping His Memory Alive 5 The Love of Education 6 Preserving History 7 Balancing the Budget 8 Your Legacy 9 Annual Giving 10 Memorial Gifts 12 Endowments by the Numbers 14 A Community Foundation 15 Leadership 16 Philanthropy is Uniquely Personal

Inspire. Give. Grow. Founded in 1986 to be the community’s resource for charitable giving, the Fayette Community Foundation continues to serve and meet our original mission, inspire a spirit of philanthropy. The Community Foundation manages more than $12 million in assets and holds more than 166 endowments. Simply put, the experienced staff help people support the causes they care about most. We work with individuals, families and businesses to match charitable interests to community needs. We provide grants and resources to nonprofits and monitor local issues. 1

1 2 Giving Back 1 Dr. K. Andrew Yaryan 2 Virginia Meeks created Dr. K. Andrew Yaryan graduated from an endowment through her Connersville High School in 2000 and will to financially support a received the Virginia Meeks Memorial CHS student attending Scholarship, a four-year renewable college scholarship that helped him complete his undergraduate study from Community IMPACT/ Indiana University. Unrestricted Funds increase the impact of Andy went on and graduated from the your gift and put it to IU School of Optometry with honors. work solving our In 2008 Dr. Yaryan returned to Connersville community’s most and began working with Dr. Wiener. pressing challenges. Our Grant Committee Dr. Yaryan gives back to his community carefully vets through his time serving on boards and Competitive Grant committees and gives of his treasurers. applications and After serving as a FCF board member, makes awards based Dr. Yaryan created the Yaryan Family on community need, Community IMPACT endowment. This impact, and endowment awards grants through the organizational capacity. competitive grant cycles each year. 2

2 1 3 Giving to What You Love 1 Elder and Mary Bowden 2 Bruce looking at the Elder and Mary Bowden were known backdrop for CHS Drama for their love and appreciation of the Club presentation of Camelot arts. To honor his parents, Bruce and 3 Local artists painting a wife Barbara Bowden created the E.R. mural of historic buildings in and Mary Bowden Endowment for the Connersville Performing Arts. Field of Interest Funds The endowment has been awarded support a broad area annually since 1990 to local non profit of interest such as organizations such as the CHS Drama Club, education, the arts, Whitewater Valley Arts Association, Apple services or programs Dumpling Festival, and many more. for youth or the elderly, environmental projects, CREATED health, recreational purposes, or civic affairs. 1990 The Foundation will direct the distributions INITIAL GIFT TODAY’S BALANCE to the most appropriate programs within the $2,000 $26,729 field(s) designated by the donors. GRANTS AWARDED $24,600 3

2 1 Keeping His Memory Alive 3 Andy Thielking was a husband, dad, 1 Andy Thielking son, and friend to many. 2 Bette Thielking and Carolyn Judd with the AED Andy passed away in 2002 during a scuba at CHS. diving accident. His family established a 3 New scoreboard and time donor advised fund in his memory. Each clock at the CHS natatorium. year, Andy and Julia’s children select community projects to fund through the Donor-Advised Funds donor advised endowment that was offer maximum flexibility established by loved ones. for granting. Fund holders retain the ability GRANTS TO THE COMMUNITY to recommend grants to qualified charities, • Automated External Defibrillators whenever they wish. We take care of the equipment tracking grantees, processing payment, • Community Free Clinic equipment and reporting. You have the joy of giving and medical supplies while we handle the administration. • Connersville High School natatorium records boards & scoreboard CREATED 2002 INITIAL GIFT TODAY’S BALANCE $10,000 $42,994 GRANTS AWARDED $10,000+ 4

3 2 4 5 1 6 The Love of Education Scholarship Funds are a way to help Working their way through college individuals pursue Walter and Margaret Reed graduated educational or in 1937 and both faced the possibility professional goals. of having to leave school due to the Scholarships can be lack of funds. After marrying in 1941, for high school seniors the couple moved to Connersville going to college, and began working for the Fayette students already County School Corporation. attending college, people starting college Margie studied the stock market and later in life, or for invested wisely throughout the years, college graduates to allowing her to make a generous gift to return home to work the Community Foundation in 2010. and live in Connersville. The Foundation’s goal is degree attainment for scholarship recipients. 1 Walter and Margaret Reed 2 Margaret Reed 3 Emelia Nicholson (2016) 4 Ben Buehener (2017) 5 Collin Herron (2018) 6 Sarah Griffin (2019) 5

Preserving History 1 Built in 1831, the Elmhurst mansion sits 2 on the south end of Connersville up on a hill for all passers-by to see. Listed 1 Celebration with Masonic on the National Historic Register, Temple members in 1995 the historic mansion has been owned starting the endowment. and managed by the Warren Mason 2 National Historic Register Lodge # 15 F & AM since 1939. plaque outside of the wrought iron gate in front of Elmhurst. The large estate takes a tremendous amount of money to manage. To help cover the cost of the city landmark, a generous member created an endowment and encouraged other members to contribute. CREATED Designated Funds provide grants to 1995 specific organizations named by the donor. INITIAL GIFT TODAY’S BALANCE The distributions will be in perpetuity, as long as $100,000 $483,000+ the named agency or charitable purpose GRANTS AWARDED remains in existence and continues to fulfill $20,000 the intended purpose. 6

Balancing the Budget Attorney John Alexander gives to FCF through an After serving as a FCF board member, Attorney John Alexander understood operational Endowment the importance of financially supporting a professional staff and administrative cost of a community foundation. The Community Foundation is funded through direct contributions, investment income generated by endowments, and supplemental support from operational endowments like John Alexander’s. Operating DIRECT Expenses ADMINISTRATION Breakdown CONTRIBUTION OPERATIONS ENDOWMENTS GRANTS ADMINISTRATIVE FEE FROM ENDOWMENTS 7

Your Legacy Mary Deisman loved the Whitewater Valley Railroad. Thoughtful planned giving is the She volunteered hundreds ideal way to support your favorite of hours with the WWVRR. charities for the long-term. Through her estate plans, she named the organization Bequests allow you to establish a legacy as a beneficiary with a that benefits causes close to your heart percentage of her estate and enable you to keep assets during your to grow the endowment at lifetime. Bequests can take a variety of the Community Foundation. forms including specific dollar amounts or particular assets. You can gift life insurance and secure an estate tax deduction by naming the Community Foundation as a beneficiary of an insurance policy. Or, you can get a tax deduction by donating either a paid-in-full policy or one for which premiums remain to be paid. Gifts of life insurance offer a way to meet your philanthropic interests without affecting personal assets you intend for your family or others. 8

Annual Giving Each year, Marcus and Mary Beneker look through Annual giving is one of the most important the list of endowments. areas in the FCF’s fundraising efforts and is They select endowments the foundation of our philanthropic support. that match causes they Interested in giving annually? Check out our list of endowments online care about. at givetofcf.com/your-giving/endowments or by calling 765.827.9966. Current Gift Options​ We accept cash donations as well as a variety of other assets. We can help you understand the benefits of different types of gifts and the most effective way to apply them. If you have ideas of your own, please inquire. We’re here to make sure your giving makes the largest impact. Gifts are welcome anytime, for any amount, to existing endowments or you can start a new one. Cash Securities Real Estate & Cash donations, Gifts of appreciated Other Real Property by check or bank securities you We accept gifts of transfers, are the have owned for real estate, such as easiest and most over a year can be houses, land, and popular form especially beneficial art, on a case-by- of giving. to you in terms of case basis. your tax liability. 9

Memorial Gifts 1 2 Honor friends and loved ones by giving to causes that were near to their hearts. Donations to the Foundation’s memorial funds allow you to support nonprofits that embody the spirit of these individuals, add to their legacy and support our community. RECENT MEMORIAL GIFTS 1 Chuck Clark 2 Don Peak 3 Max & Josephine Walters 4 Julia Risch 5 Ralph Underwood 6 Audra Ross 34 56 10

Leaving a legacy is like planting a tree that will provide shade for future generations. When a gift is made in memory of a loved one we add a leaf with the loved ones name to the memorial tree in the entryway of the FCF building. 11

Endowments by the Numbers Whatever your charitable interests, we offer simple, flexible, and rewarding ways to give—whether you are giving $100 or $100,000. We offer six types of endowments to meet your specific philanthropic goals. Breakdown of Types of FCF Endowments OPERATIONS 71 7 DESIGNATED 32 4 FIELD OF INTEREST DONOR ADVISED 9 43 COMMUNITY SCHOLARSHIPS I M PA C T 12

To help you focus your giving, the FCF staff categorizes grant impact by causes. When giving, consider the impact. One category may impact a few people while another may impact the entire community. Endowments by Causes ORGANIZATIONS F A M I LY ART FUNDS 6 6 15 HEALTH & 17 43 WELLNESS EDUCATION SCHOLARSHIPS 7 21 OPERATIONS PRESERVATION 7 12 4 ANIMALS COMMUNITY 9 14 I M PA C T & WILDLIFE FAITH 7 COMMUNITY PROJECTS SOCIAL SERVICES 13

Summer Discovery Kids at Offutts Park working in the community gardens. A Community Foundation We are one of more than 500 community foundations across America that provide services to donors who wish to financially give back. A community foundation is a tax-exempt, nonprofit, autonomous, publicly supported, philanthropy institution composed primarily of permanent funds. These funds are established by many separate donors for the charitable benefits of a specific geographic area. The Fayette Community Foundation is in good standing with the Council on Foundations National Standards. These standards affirm our commitment to financial security, transparency and accountability. Learn more about the National Standards at cof.org. 14

11 Leadership VOLUNTEER Our volunteer Board of BOARD MEMBERS Directors, professional staff and committee investment members are diverse COMMITTEE yet united in their shared passion and vision for INVESTMENTS MANAGED BY our community. MASON COMPANIES The Board exercises its governance responsibilities ANNUAL supported by a committee FINANCIAL structure. This allows members AUDIT BY to apply their skills and KEMPER CPA GROUP expertise in the areas that will ensure most effective grant oversight and guidance of making the Fayette Community Foundation’s activities. COMMITTEE The Community 3 Foundation’s professional staff oversees day-to-day PROFESSIONAL operations, including STAFF MEMBERS administration, marketing and communications, 15 community investment, giving strategies and financial oversight. 521 Central Ave, Suite A, Connersville, IN 47331 765.827.9966 givetofcf.com Monday-Friday 8:30 a.m. to 4 p.m.

Philanthropy is Uniquely Personal Philanthropy reflects your aspirations and your values. It expresses your humanity and your empathy. It’s good for your health, your heart, and your soul. But how can you be certain you’ll make the most impact with your contributions? At the Community Foundation we can help you make your charitable giving purposeful and effective. Our experienced staff provides insight into community needs and prudent due diligence. Whether you’re making an annual gift or creating an endowment, we offer flexible giving options, professional investment managers and simplified administration. The benefits are great. The rewards are priceless. Define your charitable objectives 1 Identify where and how you want to make a difference. Decide how involved you (and family members) want to be both financially and in terms of participation. 2 Determine your financial objective Are you looking for any tax or estate planning benefits? If so, we can help you with information about the advantages of different types of gifts so that you can fit your philanthropy into your financial plans for optimal effect. 3 Create or contribute to a fund Once you’ve come up with answers for Steps 1 and 2, we will work with you to create a fund that meets your objectives. Or, if there is an existing fund that meets your needs, your contributions will not require a new fund agreement. 16

Board members Colin Judd and Renee Zumkeller enjoying coffee from Brians Bistro next to the Whitewater Valley Arts Association Mystery Mural.

521 Central Ave., Suite A FCF 12.01.19 Connersville, IN 47331 765.827.9966 givetofcf.com