utheran ommunity oundation 011 annual report

Transcription

1 utheran ommunity oundation 011 annual report

2 giving is my grandmother vocation ur giving reflects the sum and substance of our lives. It is the example set by our parents and grandparents, and lessons from a teacher, a pastor or a mentor. It embodies experiences over the course of our lifetimes, expressions of our faith, our relationships and our work. It is everything that we ve taken in and it is everything that shapes us. experience hope a door

3 s it any onder iving is You are what you eat. It s one of those throw away phrases that we grew up with that was supposed to tell us something about nutrition. As children, we may have joked about it, but as adults, we discover that all of the choices that we make, make us who we are. It s true with our health and also for our» o personal?

4 » faith, our relationships and our work. Or, put another way, all of our choices eventually catch up with us. So what does this have to do with giving? There are principles for effective philanthropy just as there are guidelines for healthy diets; We abide by the highest standards of ethics and the law; We give in accordance with clear missions and explicit goals; We support organizations that are well managed and open about their finances, to name a few. Think of it as nutritious giving. But in addition to all of the highest principles and best practices, giving is also very personal. And there is lots of room to give according to our preferences, to express our individual values and to live what we believe through our generosity. The 3,500 donors of the Lutheran Community Foundation (LCF) support more than 5,500 charities and causes, and each charity reflects the very personal values and preferences of an LCF donor. And while we provide oversight to ensure that each charity delivers on its mission, each donor determines what to support based upon who they are. We could say: You are what you give! We thank each LCF donor for their personal gift as we also recognize the larger shared community that we are supporting and the lives that we are changing. As it turns out, all of this personal giving is creating effective, positive and lasting change, one, very personal, life at a time. sincerely, reverend john r. sabatelli board chair chris andersen president & executive director

5 Outright Gifts 24% GIVE NOW 24% Charitable Remainder Trusts 4% Charitable Life Insurance 14% GIVE LATER 38% Bequest/Beneficiary Proceeds 23% Every donor gift represents a personal expression of generosity, beliefs and values. Taken all together, they tell a larger and amazing story of the power of community. This year, the LCF received $50.65 million in gifts from donors making 2011 one of the top five years in LCF giving history. donors and organizations created 213 new charitable funds in 2011, 186 were Donor Advised Funds made it possible for the LCF to address pressing gifts made to the LCF Collaborative Funds in 2011 and 27 were Organizational Funds established by community issues that can only be solved by working faith-based nonprofits and congregations. There together. are now 3,310 charitable funds at the LCF, each donor surveys and ongoing measurement of donor working to achieve effective, positive and lasting satisfaction continue to help the LCF identify how change throughout our shared community. we can better serve donors. lcf donors made outright and deferred gifts totaling $50.65 million in 2011, bringing total gifts to for a complete list of LCF Donor Advised Funds, Organizational Funds and LCF Collaborative Funds, $ million since the LCF s inception in visit TheLCF.org/2011funds. One in four LCF donors have made an additional gift to their Donor Advised Funds, enhancing their support of the charities that they care about most. giving is by number of gifts GIVE & RECEIVE 38% Charitable Gift Annuities 34% Life Estate Reserved 1% personal in millions $ $ gifts LCF staff is here to help donors make informed and thoughtful giving decisions. Visit TheLCF.org or call the LCF at with questions about your charitable fund, additional giving opportunities, or for assistance identifying charities and causes that match your interests and values. $27.04 $ Represents outright & deferred gifts

6 EDUCATION 21% HUMAN SERVICES 17% FAITH-BASED ORGANIZATIONS 15% HEALTH SERVICES 8% Communities are nourished through grants made by donors and received by charities. In 2011, a record $10.8 million was delivered to our shared community, achieving a wide range of philanthropic goals and spreading personal messages of joy worldwide. A record number of grants were made to charities nearly 40% of LCF Donor Advised Funds are currently granting to the donor-designated charities. throughout our local, national and global community in The LCF distributed 2,440 grants totaling The remaining Donor Advised Funds will begin $10.8 million from LCF Donor Advised Funds, granting to donor-designated charities once assets Organizational Funds (endowment funds) and are placed in the fund (after the donor s lifetime). LCF Collaborative Funds. Through the LCF Collaborative Funds, the LCF is The majority of these grants, 89%, were distributed training congregations to recognize and support from Donor Advised Funds. Another 10% were victims of family abuse and helping international distributed from the Organizational Funds of faithbased nonprofits and congregations. building awareness of how our faith community can communities rebuild after disasters. The LCF is also lcf donors have named more than 5,500 charities help care for God s creation and educating the next and causes to benefit from their Donor Advised generation on the importance of giving. This work Funds. is made possible through donor gifts to one or more LCF Collaborative Funds. LCF donors are changing lives every day through their Donor Advised Funds. To learn more about how LCF donors are making a difference through their gifts, explore the interactive grant map at TheLCF.org/grants. nutritious by number of grants CONGREGATIONS 29% ENVIRONMENTAL CONCERNS 4% ARTS & CULTURE 3% OTHER 1% DISASTER RELIEF 2% giving in millions $37.65 $ grants $0.74 $

7 In good times as in challenging times, focused strategies and long-term vision ensure ongoing success. These standards serve us well, and in 2011 the LCF again earned Charity Navigator s top four-star rating for sound fiscal management. The year 2011 was challenging for individual investors and institutional investors, including the LCF. Together with its investment advisor, Cambridge Associates, the LCF monitored investment markets, The LCF operated under budget in 2011 and maintained reserves of over 50% of annual expenses. The LCF received additional support through a generous grant from Thrivent Financial for Lutherans. assessed LCF investment performance against strategic benchmarks and rebalanced asset allocations as needed. The changing economy serves as a in millions powerful reminder of why the LCF s investment $ strategy has always been, and continues to be, based on diversification and long-term goals for our donors $ charitable purposes. The LCF introduced its new investment portfolio, the LCF Mission Portfolio, to Dynamic and Organizational Fund Advisors in The objective of $76.55 the Mission Portfolio is to provide maximum sustained support to charities through investments that are aligned with mission and provide positive outcomes for our shared community. $ Total Assets Cash and Cash Equivalents... $ 7,825,583 $ 2,293,253 ighest Principles The LCF remains committed to the sound stewardship of each donor gift. For more information about the LCF s investment policies and performance, visit TheLCF.org or call the LCF at Complete audited financial statements are available upon request. ASSETS Receivables... 1,167, ,131 Investments: Securities and Treasury Notes ,918, ,309,718 Life Insurance and Annuity Contracts... 34,528,962 32,144,710 Real Estate... 1,024,860 2,066,575 Property and Equipment, Net of Depreciation... 36,707 47,012 Total Assets... $ 246,502,070 $ 246,774,399 LIABILITIES AND NET ASSETS Liabilities... $ 72,211,411 $ 72,072,983 Net Assets ,290, ,701,416 Total Liabilities and Net Assets... $ 246,502,070 $ 246,774,399

8 Rev. R. Sabatelli, Chair Pastor, Christ Lutheran Church Baltimore, Maryland Lehman, Vice Chair Retired Executive, Kimberly-Clark Corp. & Thrivent Financial for Lutherans Appleton, Wisconsin M. Anderson Senior Managing Director, TIAA/CREF Charlotte, North Carolina Andersen President & Executive Director Klukas Office Administrator Norton Office Administrator DONOR SERVICES B. BONDS Senior Director of Donor Services erving donors CHARITABLE GIVING SERVICES Anderson President, Criterion Ventures Haddam, Connecticut Anderson Vice President, Product Development & Management, Thrivent Financial for Lutherans Salem, Oregon Braaten, Ph.D. President, Ferrum College Ferrum, Virginia Rev. Braunersreuther Mission & Ministry Facilitator, The Lutheran Church Missouri Synod Tomball, Texas K. Gallerson, Esq. Law Office of Gallerson & Yates Irving, Texas Haglin Divisional Vice President, Thrivent Financial for Lutherans Minneapolis, Minnesota Hazard Federal Government Washington, D.C. L. Hewitt President & Chief Executive Officer, Thrivent Financial for Lutherans Minneapolis, Minnesota Kro Managing Director & Chief Financial Officer, Mill City Capital Minneapolis, Minnesota Moore Retired Senior Vice President, Wells Fargo San Francisco, California Janda Overkamp Chair, Overkamp, Overkamp-Smith Atlanta, Georgia Rasmussen, Esq. Senior Vice President, general Counsel & Secretary, Thrivent financial for Lutherans Minneapolis, Minnesota not pictured: Terry Rasmussen Aegerter Gift Planner Grasmoen Plilanthropic Advisor & Institutional Relations Holt Gift Planner Watt Gift Planner COMMUNITY GRANTS & SERVICES Hayes Director of Community Grants & Services Jonas Community Grants & Services Associate JENNY KRAMM Grants Administrator & Data Specialist Westermeyer Senior Associate of Donor Services COMMUNICATIONS & TECHNOLOGY SERVICES Anderson Communications Manager Meier Senior Associate of Technology & Web Communications FINANCIAL SERVICES & ADMINISTRATION Peterson Director of Financial Services & Administration Ashland Asset Services Administrator Ebnet Finance Accountant Vang Senior Accountant

9 Serving donors Spreading joy 625 Fourth Avenue South, Suite 1500 Minneapolis, Minnesota phone 800/ fax 612/ TheLCF.org Changing lives