CFL 2012 Annual Report

C O M M U N I T Y F O U N D AT I O N

O F L O U I S V I L L E

Building community together

The depth of feelings people have for Louisville and the “dirt under their feet” is truly inspirational. It is a profound commitment to leave our community a bit better than the way we found it.

Louisville is brimming with generous families and organizations, some known better than others: Hillerich, Brumleve, Receveur, Psi Boulé. It is an honor to work with such kind and thoughtful philanthropists who give selflessly to our community, honoring Louisville’s past while working to secure its future.

Together we are

C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L E

We work with hundreds of generous philanthropists who share a common quality—PASSION. A passion for Louisville. A passion for a particular cause or opportunity. A passion for giving back.

Louisville. Legacy. Passion. Philanthropy.

Thank you for giving us the opportunity to help you do more than you ever thought possible. Thank you for helping us make charitable giving a permanent part of the Louisville story.

transforming our community

1cflouisville.orgV I S I O N M I S S I O N V A L U E S

Susan A. Barry, JD

President & CEO

Mimi Zinniel

Chair, Board of Directors

If you want to see joy, spend some time with Jack Hillerich on the factory floor at Hillerich & Bradsby. He glides from machine to machine, happily turning wood or burning the famous Louisville Slugger logo onto a new bat. Pride shines in his eyes when he talks about his company’s hometown. “I was in New Zealand at a gas station, and a guy asked, ‘Yank, where are you from?’ I told him I’m from Kentucky. He asked whereabouts in Kentucky and I responded Louisville. He immediately followed with ‘Slugger.’ In New Zealand! We owe it to Louisville. It’s part of who we are.”

Jack’s older sister, Joan, shared his passion for Louisville. When she passed away in 2007, she entrusted Jack to use part of her estate to give back to the community they love. He considered a private foundation, but was overwhelmed by the legal and accounting responsibilities. So Jack contacted the Community Foundation and created the Hillerich Family Charitable Foundation. He says that working with the Community Foundation is the best thing he could have done for his philanthropy. We think the Hillerich family is one of the best things that has happened to Louisville.

Making a lasting impression

Jack Hillerich and his sister Joan Hillerich Houk(circa 1987)

V I S I O N M I S S I O N V A L U E S

“ We focus on Louisville because that’s who we are. It’s in our name.”

3cflouisville.org

Making a lasting impression


John A. “Jack” Hillerich III

Chairman, Hillerich & Bradsby, maker of the Louisville Slugger bat

Hillerich Family Charitable FoundationDonor-advised fund

To hear more of Jack’s story, use your QR Reader/smart device or visit cflouisville.org/HillerichStory


All for one = one for all


Psi Boulé

Psi Boulé is the Louisville member boulé of Sigma

Pi Phi Fraternity, also known as “The Boulé.” Its

membership consists of accomplished, affluent and

influential African-American men. Psi Boulé Fund Donor-advised fund

To find out more about Psi Boulé, use your QR Reader/smart device or visit cflouisville.org/PsiBouleStory

When three members of Psi Boulé walked into the 6th grade classroom at the West End School, it was simply to say hello to the boys and pose for a few photographs. They didn’t anticipate what would happen next. They were greeted with a firm handshake from each student who looked them in the eye and introduced themselves. The boys asked questions about potential career paths and college selection. They spent over half an hour together, talking about the importance of education, respect, and self-discipline.

The West End School—a free, private, college preparatory K-8 school for at-risk young men—transforms young boys into responsible men. But they can’t do it alone; they need the community’s support to succeed. The gentlemen of Psi Boulé want to see the West End School and other valuable programs in our community thrive. They collectively created a charitable fund that supports important causes now, and will grow over time to continually support our community in the future. Psi Boulé members not only talk the talk, they walk the walk. They hope their example will inspire and motivate others to do the same.

All for one = one for all

280

5cflouisville.org

Last year 280 students received scholarships totaling over $825,000. Individual awards ranged from $500 to several thousand dollars.

Four members of the advisory committee for the Psi Boulé Fund, created to inspire others to give back to the community.


Larry McDonald Raymond Burse

Pedro BryantCharles Matthews


About a dozen years ago, an editorial in the newspaper argued that many Louisville-area professionals have more money than they will ever need, and they should give back to the community that contributed to their success. Ben Brumleve took that article to heart.

While he worked hard for his achievements, Ben recognized that he didn’t do it alone —he had educational opportunities and emotional support that many young people in our community just don’t have. So he supports The de Paul School, which helps elementary students with learning differences succeed in the classroom and in life. He also gives to the West End School, a private school that helps at-risk boys in grades K-8 get on the path to academic success and personal growth. Of course, you’d never realize the depth of his commitment to hear Ben talk. He doesn’t boast about supporting The de Paul School for nearly 10 years, and he’s humble about giving tours, painting classrooms and just spending time with the boys at the West End School.

He is passionate about education, and he values generosity and community. That’s why we value Ben Brumleve at the Community Foundation.

Reading, writing & giving3,400 The Foundation distributed 3,400 charitable grants in the Louisville area last year, totaling $31.3 million.


7cflouisville.org

Reading, writing & giving

Ben Brumleve

Retired president of Cardinal Carryor,

passionate supporter of education

Brumleve Family FundDonor-advised fund

Member of Baylor Landrum, Jr. Society

To see more about Ben, use your QR Reader/smart device or visit cflouisville.org/BrumleveStory


When you meet Sharon Receveur for the first time, you are greeted like an old friend. She calls her closest pals her sisters, while younger friends soon become her sons and daughters. Her personal warmth is infectious and comforting. In short, Sharon believes in love. That compassion and desire to connect with others drives her philanthropy in countless ways.

A two-time cancer survivor, Sharon is a founder of Gilda’s Club Louisville, which provides a welcoming community for people living with cancer, along with their families and friends. She also recognizes how addictive behaviors tear families apart, so she serves as a board member of The Morton Center to help their programs of healing and forgiveness. Her devotion to Louisville’s Sister Cities program for 22 years—the last ten in the Sister Cities International Leadership Team—has connected her with diverse cultures and perspectives. And she loves to bring people and nature together, which is evident in her book that chronicles the history of Bernheim Arboretum and Research Forest.

Sharon loves life and she loves Louisville. We are honored that she has entrusted us with her charitable legacy that will support her passions forever.

The door is always open


The door is always open

V I S I O N M I S S I O N V A L U E S 9cflouisville.org

Sharon Receveur

Author, community volunteer and retired archivist

for Metro Louisville, as well as a former Community

Foundation board member

The Cuzinz FundDonor-advised fund

Children’s Memorial Marker Fund Field-of-interest fund

Member of Baylor Landrum, Jr. Society

To find out more about Sharon, use your QR Reader/smart device or visit cflouisville.org/SharonStory

We have made it a priority to invest in Louisville by partnering with others. Our community flourishes when we work together, so we are committed to collaborating with other funding organizations, community leaders and individual donors to enrich our community for all.

Partnership

DonorsChoose.org Partnership Public school teachers spend an average of $356 out of their own pockets for supplies and instructional materials each year. Multiply that by more than 6,400 teachers in Jefferson County, and you are looking at over $2.2 million in our community alone.

We believe that even the smallest donations can make a difference. So we have partnered with online charity DonorsChoose.org to make it easy for “citizen philanthropists” to support local classrooms. We are matching contributions to classroom projects in local public schools, dollar for dollar, up to a total of $50,000 per school year. The 2012-13 school year marks the second year of a three-year commitment.

Since the partnership began in 2011, over 380 classroom projects have been funded reaching over 37,800 students in public schools in Jefferson County. Donations have come from 40 different states and individual gifts have ranged from $1 to over $500.


“ If you want to walk fast, walk alone; but if you want to walk far, walk together.” —African proverb

Robert Whitney (1904-1986), founding conductor of the Louisville Orchestra.

Photo: Charles Fentress, Jr./Courier-Journal

A first-grade student at Cane Run Elementary School loves the new literacy games in his classroom.

Robert & Clarita Whitney Fund Robert Whitney was a lifelong musician who was best known for founding the Louisville Orchestra in 1937. He served as its first conductor and held that position until 1967. He was also a composer and educator, serving as Dean of the School of Music at the University of Louisville (1956-71).

The late Mrs. Clarita Whitney created the Robert and Clarita Whitney Fund in 2002 to help preserve Kentucky’s musical future as well as its past. The Whitney Fund supports innovative programs that engage new and existing audiences for symphonic music in Kentucky, and the Fund has committed $10,000 for the Foundation’s 2012-13 partnership with DonorsChoose.org. Local classroom projects that incorporate music are eligible for this matching grant.


Transforming our community, one classroom at a time

Kindergarten students at Whitney M. Young Elementary enjoy some learning tools donated through DonorsChoose.org.

Woof!Many animal lovers have taken advantage of the Endow Kentucky Tax Credit to build up Kentucky Humane Society’s endowment fund, ensuring our community will always be able to care for, love and protect our four-legged friends.

Photo courtesy of Mike Bizell and the ASPCA


13cflouisville.org

The late Owsley Brown II (1942-2011) had an ambitious vision—build local nonprofit capacity through endowments. Rather than depending on annual fundraising to pay for basic operations, local organizations would receive a stream of income from professionally managed funds that are invested for long-term growth. Annual donations could then support more innovative and creative work.

Mr. Brown and a cadre of other endowment-minded professionals approached the Community Foundation in 2011 to create Endowment Partners, a program to help local nonprofits start or increase their endowments by providing ongoing resources, support, training, long-term investment management and visibility.

Over 60 nonprofit organizations are currently members of the Endowment Partners program.

Academy at Saint AndrewsActive Heroes Alzheimer’s Association - Louisville Chapter Arts Club of Louisville Baptist Hospital Foundation Belle of Louisville Big Brothers Big Sisters of Kentuckiana Inc.Bingham Child Guidance CenterBrooklawn Child & Family Services Cabbage Patch Settlement House Cedar Lake Foundation Central Kentucky Community Theatre, Inc., Springfield, KYChamber Music Society of LouisvilleChristian Care Communities The de Paul SchoolEnglish Speaking Union Family & Children’s Place Farnsley-Kaufman House First Presbyterian Church, Elizabethtown, KYFund for the ArtsGoodwill Industries of KentuckyThe Healing Place Heart of Kentucky United Way, Danville, KYHistoric Homes Foundation Historic Locust Grove Holy Cross High School Home of the Innocents Hosparus Inc.Independent Industries Inc. Jefferson Alcohol & Drug Abuse FoundationJewish Community of Louisville Jewish Hospital & St. Mary’s Foundation Junior Achievement of Kentuckiana Kentucky CPA Educational Foundation Kentucky Council on Economic Education Kentucky Humane Society Kentucky Real Estate Education Foundation Kentucky School for the Deaf Foundation, Danville, KY Leadership LouisvilleLegal Aid Society Louisville Audubon Society Louisville BalletLouisville Free Public Library Louisville Male High School Louisville Olmsted Parks Conservancy Inc. Louisville Visual Art AssociationMaryhurst Mental Health America of Kentucky Metro United Way The Morton Center National Center for Family Literacy National Multiple Sclerosis Society - KY Chapter Patriots Peace Memorial Planned Parenthood of Kentucky Portland Museum School Choice Scholarships SeniorCare Experts Seven Counties ServicesShelby County Community Theatre, Shelbyville, KYShelbyville/Shelby County Parks & RecreationSociety of Colonial Wars in the Commonwealth of KY Supplies Over Seas Speed Art Museum Summit Academy United Crescent Hill Ministries Volunteers of America of Kentucky Inc. Wayside Christian Mission Wellspring, Inc.YMCA of Greater Louisville


Endowment Partners


The de Paul School serves elementary and middle school students with learning differences. The school has had an endowment fund with the Community Foundation since 1989 to support its operations, scholarships and program needs.

Regional Philanthropy Local, collective philanthropy is powerful. We want regional communities outside our county borders to enjoy the benefits of community-wide giving, so we support a network of affiliate foundations. Each affiliate is led by local volunteers who are passionate about enriching their community today and for future generations.

We provide professional gift planning and administration services, and engaged citizens provide local leadership and vision for community priorities.


Oldham County Community FoundationOldham County Courthouse

Ted Merhoff, Advisory Board Chair502.241.0303 • [email protected]

Shelby County Community FoundationShelby County Courthouse

Howard Griffith, Advisory Board Chair502.633.2763 • [email protected]

Green River Area Community FoundationRiverpark Center overlooking Smothers Park

Serving Daviess, Hancock, McLean, Ohio, Union and Webster Counties Dan Griffith, Executive Director270.663.1043 • [email protected]

Wilderness Trace Community FoundationNorton Center for the Arts at Centre College

Serving Boyle, Garrard, Lincoln and Mercer CountiesStephen Dexter, Advisory Board Chair859.236.2641 • [email protected]

Nelson County Community FoundationNelson County Courthouse

Byron Corbett, Advisory Board Chair502.348.6032 • [email protected]

15cflouisville.org

Felix E. Martin Jr. FoundationServing Muhlenberg County

Squeals of joy and laughter float above the playground where young children climb, swing and slide on equipment atop fresh safety surfacing. Teenagers battle for bragging rights on new basketball and sand volleyball courts, while a family shares a picnic lunch in the shade of a park shelter. These visions of a vibrant community park system are becoming a reality in Muhlenberg County.

In 2008, a county-wide needs assessment identified Youth Services as a primary concern. The Felix E. Martin Jr. Foundation took the lead on this critical issue, funding the creation of a master plan for the county’s parks that would provide organized youth activities and programs. The Martin Foundation also facilitated collaboration among the cities, school system and county in order to enhance outdoor recreation options for all residents.

The result is the Greater Muhlenberg Parks and Recreation System, which was created in 2011 and is being funded for five years by a $1 million grant. The executive director for this agency has already established a number of youth sports leagues and has improved communication about park offerings through social media. An additional $3 million grant is renovating existing park facilities and building the first phase of a new 250-acre county park, with a completion date of early 2014.

Creating a unified park system is just one example of the Martin Foundation’s work in Muhlenberg County, but it is one that exemplifies Mr. Martin’s commitment to the long-term growth and vitality of his hometown.

C O M M U N I T Y F O U N D AT I O N O F L O U I S V I L L EV I S I O N M I S S I O N V A L U E S

Playground in Paradise Park, Powderly, KY

About the Felix E. Martin Jr. Foundation

Felix E. Martin, Jr. (1927-2007) grew up in Greenville, Kentucky, the county seat of Muhlenberg County. At his death he left the bulk of his estate to benefit that community. His $50 million bequest created the Felix E. Martin Jr. Foundation, which supports the educational, civic and cultural needs of Muhlenberg County. To date the Foundation has awarded over 215 grants totaling more than $11.5 million, with over $2.0 million awarded in 2012. The Felix E. Martin Jr. Foundation is a supporting organization of the Community Foundation of Louisville.

www.felixmartinfoundation.org


The Fund for Louisville is unique—it responds to the evolving needs and opportunities in our community. No set agenda, no pre-determined recipients. Our board simply uses this fund to fulfill our mission of enriching Louisville. Dozens of visionary philanthropists who are passionate about our hometown have supported the general needs of our community or provided for a more specific area of focus.

Fund for Louisville

Performance and visual arts, cultural heritage, historical activities and arts education.

Organizations that provide direct social services to assist families, children and youth.

Education policy, reform and delivery at all attainment levels, including out-of-school, adult and vocational education.

Health education programs and organizations that provide direct patient services.

Organizations and programs that impact community building, neighborhood enhancement and entrepreneurial development.

• George & Mary Alice Hadley Fund• T. Bert & Bertha Wilson Fund

• Affordable Housing Fund• Boyette & Edna Edwards Fund• Dr. W. Barnett Owen Memorial Fund

• Winston N. & Nancy H. Bloch Educational Fund

• Madi & Jim Tate Fund

• The AIDS Project Fund• Irving B. Klempner Fund• Bobbye M. Robinson Fund

• Historic Preservation Fund • Dennis Reker Fund• Vogt Invention & Innovation Fund

Arts & Culture

Human Services

Education

Health

Community Enrichment


G E N E R A L S U P P O R T F U N D S

Barbara and Henry Altman, Jr. Family Fund

Anonymous Fund

John H. & Doris Owen Bickel Fund

Edie and Barry Bingham, Jr. Fund

Board Leadership Fund Created by the Board of Directors in memory of the Foundation’s founder, Baylor Landrum, Jr.

Judge Alexander G. Booth Memorial Fund

Sara Shallenberger Brown Family Fund

Dabney Family Fund

Helen Gibson Dean Fund

Mary Cummings Paine Eudy Fund

Katherine Fischer Fund

Jane G. Flener Fund

Mildred Means Frost Fund

Grosscurth Fund

Lila and Hunter Henry Fund

Henning and Mary Hilliard Fund

Joule Family Fund

Mary Wallis & Baylor Landrum, Jr. Fund

Louisville Locally-Owned Fund

Charles I. McCarty Fund

Kate Schmidt Moninger Fund

Darrell & Joyce Murphy Family Fund

Sara Brown Musselman Fund

Jean H. Stewart & Squire R. Ogden Fund

Major John B. Pirtle Fund

Dennis & Kitty Riggs Family Fund

Rodes Fund

Barbara Moore Runquist Fund

Laurice Samuels Fund

Martin F. Schmidt Fund

Stephen Memorial Fund

Woodrow M. & Florence G. Strickler Fund

Richard E. Thielen Memorial Fund

Lowry R. Watkins, Jr. Fund

Charles Weisberg Fund

Anne & Wilson W. Wyatt, Sr. Fund


“ I love Louisville, and want so sincerely to leave it a better place than I found it. The only regret I have about not making more money is that I would then have had more to give away.”

Baylor Landrum, Jr. (1918-2011)

Legacy—it’s a word that carries a lot of meaning, but is easily attainable through the Community Foundation. By leaving a future gift to the Community Foundation through an estate plan (such as a bequest, life insurance or beneficiary designation), you can be assured that the causes you care about today will continue to be supported in your name forever.

The Baylor Landrum, Jr. Society, named for the founder of the Community Foundation of Louisville, honors people who have made arrangements in their estate plans to create endowment funds at the Community Foundation after their lifetimes.

Baylor Landrum, Jr. Society


Michael AckersonWilliam O. Alden, Jr.Nolen C. AllenShirl J. AtwellDr. Barbara M. BakerMr. & Mrs. H. William BarnesMr. & Mrs. Mitch BarnesEdith S. BinghamMr. & Mrs. Roland R. BlahnikDelwin K. BlairMr. & Mrs. Willoughby C. BlockerBruce F. BoldtDr. & Mrs. Lawrence H. BoramMrs. McHenry S. BrewerSarah Wilder BriceMr. & Mrs. Darrell BrownPrentice E. Brown, Jr.Jewell B. Brownstein & David A. BrownsteinBen L. BrumleveThomas F. BuetowMr. & Mrs. Garry S. BurryMr. & Mrs. David B. ChickDoug & Gena CobbMr. & Mrs. Alec CovingtonWilliam W. Crawford, Jr.S. Gordon Dabney, Sr.Anne Cooper Dobbins & Sanford WeissMrs. Dayton EdieMrs. William E. Edwards, Jr.Mrs. Sam R. Ewing, Jr.Robin Fisher & Jeff DraperMr. & Mrs. Arnold M. FoxMichael B. FrenchDr. & Mrs. Salem M. George, Jr.Jerry GreenwellClaudia K. GrenoughStephen D. GrissomSusan Ford GrissomCarmen C. HayesFrederick G. HeathLettie M. HeerMrs. T. Kennedy Helm, Jr.Louis F. HettingerHenry V. Heuser, Jr.Patricia A. HincheyPat & Vernon Hodge

Mr. & Mrs. Roy HoriMr. & Mrs. Robert L. HortonJ. Marshall HughesFlorence HumeDr. & Mrs. Robert R. JacobsDr. & Mrs. Thomas James IIIConnie T. JaquithDr. & Mrs. Maurice E. JohnSylvia JohnstonJulie LaValle JonesJack M. KerseyMr. & Mrs. George M. KirwanJay & Karen KlempnerDr. & Mrs. Kenneth J. KralBernard S. & Rae LewisFrances M. LuckettAllison J. MaggioloEllen K. MarshallMr. & Mrs. James B. McArthurBeverley H. McDonaldWilliam C. Meglemry, Jr.Elise MeyerBrian & Anne MonellWilliam R. MooreMr. & Mrs. Porter NashDoris Jean NelsonRoberta NelsonDr. & Mrs. Alton Neurath, Jr.Nick & Susan NicholsonMr. & Mrs. Theodore H. NixonRita D. OsbornMr. & Mrs. Bob OwsleyPaul M. PankratzNancy Klempner PattonMr. & Mrs. Robert PeelGeorge PerkinsMr. & Mrs. Frank P. PopoffFrances C. Ratterman & Todd P. LoweSharon A. ReceveurJessica M. RedmonDennis RekerMr. & Mrs. Ron RigbyLinda A. RileyDan & Mary RiversPhillip W. RobinsonMr. & Mrs. James J. Roth, Sr.

D. A. Sachs IIIMr. & Mrs. Lalit K. Sarin Dr. Robert & Debra SchroeringMike & Jenifer SchultzMr. & Mrs. Hubert A. SchuweyLucille SeveranceDr. & Mrs. Mutyam V. SharmaSarah & Robert ShawLeslie Buddeke Smart & John L. SmartDr. Kenneth W. SmithMr. & Mrs. Jim SniegockiErnie & Barbara StroxtileMr. & Mrs. J. Douglas Summers, Jr.Mr. & Mrs. F. William SwopeSamuel G. SwopeWilliam T. & Susanne R. TinsleyJ. Clifford ToddRose Mary Rommel ToebbeMrs. Grayson L. TuckerScott L. Tudor & Helen T. O’LearySue McCulloch VisliselRobert H. Wade IIKevin & Linda WardellMr. & Mrs. Martin C. WeinrichElizabeth J. WelshJoan T. WhittenbergDr. & Mrs. Horace D. WilderMr. & Mrs. David WillmothFrances H. WilsonRonald & Elizabeth WisemanLisa Scherer WorkmanMr. & Mrs. Charles V. YeagerJeff & ZoeAnn YussmanDr. Kenneth and Shelly ZegartMimi ZinnielCarl J. ZoellerAnonymous Legacy Donors (42)

IN MEMORIAM

Dr. McHenry S. BrewerClarice J. Mitchiner Dr. Robert StoutRev. Grayson L. Tucker

Contact the Community Foundation at [email protected] or 502.585.4649 to discuss your legacy planning.


OPTIONS

Community Foundation Fund

Private Foundation

Gift to Single Charity

Field of Interest This option provides support for specific issues or geographic areas that are important to the donors.

Designated Donors support one or more charitable organizations they have chosen to receive grants in perpetuity.

Charitable Checking

Flexible and convenient, donors receive an immediate tax deduction when making a gift to the fund, but can take their time in selecting the recipients of charitable grants.

Fund for Louisville

This endowment gives the Foundation the greatest flexibility to respond to emerging issues and community needs.

Scholarship

Donors help students at any level of education, from ABC’s to PhD’s.

CONFIDENTIALITY

Donor protected from public/charity disclosure

No – may generate additional fundraising solicitations

No – may generate additional fundraising solicitations

TAX DEDUCTIBILITY(% of Adjusted Gross Income)

Cash - 50%

Publicly traded stock– 30% based on FMV1

Closely-held stock– 30% based on FMV

Cash - 30%

Publicly traded stock– 20% based on FMV

Closely-held stock– 20% cost basis

Cash - 50%

Publicly traded stock– 30% based on FMV

Closely-held stock– 30% based on FMV

ADMINISTRATION

Can be established immediately

No separate tax return or record keeping

Investment advice; CFL Board makes final decisions

6-9 months

$5-10 million gift minimum2

Annual tax return required, including detailed financial statements

Investments directed by PF Board of Directors

Can be made immediately

No administration or tax reporting required

Charity Board makes any investment decisions

COSTS

No start up costs

Support fees generally start at 1% of assets and decline for larger funds

No excise tax on investments

Varies; may include legal & accounting fees

1-2% excise tax on investments

No costs for outright gift

No separate tax return

Must keep records of gift to the charity

GRANTMAKING

No minimum annual payout requirement

Grantmaking assistance for greatest impact

Grants recommended to CFL board for approval

5% minimum annual grant payout required

Grantmaking strategy is responsibility of PF board of directors

Grants are made at direction of PF board of directors

May place restrictions on use of gift prior to making contribution

Creating Your Personal Fund at the Foundation Maximize your giving through a customized fund that supports your charitable passions today, tomorrow…and forever.

1 Fair Market Value 2 Source: Council on Foundations

Donor Advised This fund allows donors and their families to actively participate in grantmaking.

Find more information on creating a fund in the Community Foundation at cflouisville.org/CreateFund.

• Closely-held securities • Retirement plan assets• Real estate • Tangible personal property • Life insurance • Certain non-liquid assets

Find more information on creating a fund in the Community Foundation at cflouisville.org/CreateFund.

Comparing the Options

A complete list of funds at the Foundation can be found on our website, cflouisville.org/Funds


The West End School is a K-8 college prep school for at-risk boys. These words comparing boys and men are posted in a busy hallway outside the middle school classrooms.

CustodianPNC Bank

Independent Investment AdvisorFourth Street Performance Partners

Legal CounselTurney P. Berry, JDWyatt Tarrant & Combs, LLP

Independent AuditorMountjoy Chilton Medley

To review the annual independent audit report and the related audited consolidated financial statements, and to find a summary of investment options and performance, please visit cflouisville.org/Investments.


By the NumbersT O TA L A S S E T S ( I N M I L L I O N S )

$1.1

1984

$133.5

2000

$182.7

2005

$241.7

2010

$45.0

$295.8

2012

$51.5

$350

$300

$250

$200

$150

$100

$50

$0

Felix E. Martin, Jr. Foundation

Community Foundation

Last Year

Last 3 Years

Last 5 Years

Last 7 Years

Last 9 Years

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Community Foundation Composite (Gross) Return

Peer Group Median Return

PhilosophyThe Community Foundation of Louisville applies a long-term investment approach similar to many institutional investment portfolios. Assets are invested through a strategic allocation of stocks, bonds and cash, and portfolios are rebalanced to maintain diversity in investment style. This approach enables the Foundation to take risks similar to the market, but provides an opportunity to modestly exceed market and peer investment returns.

Comparison to Endowment PeersThe Foundation’s investment returns have exceeded or matched the investment returns of its peer comparison group for nine consecutive years. Peers include endowment and foundation funds between $100 million and $1 billion*.

* The Peer Group data is provided by Callan Associates Inc. Callan’s Mid-Sized Endowment/Foundation Peer Group Database includes between 45 and 60 constituents, depending on the time period.

I N V E S T M E N T

13.1 9.2 3.9 5.5 5.712.6 8.1 2.1 4.6 5.7


280Nearly $1 million in scholarships awarded to over 280 students each year

34Over $34 million in total charitable grants last year

274$274 million in expected future gifts to the Foundation

#1Largest community foundation in Kentucky

A Celebration of Philanthropy at the Louisville Slugger Museum, November 14, 2012.


M. Claire AlagiaBittners, LLC

Henry M. “Sonny” Altman, Jr.Altman Consulting

Cara BaribeauCommunity Volunteer

Suzanne BergmeisterUniversity of Louisville

Bonita K. BlackFrost Brown Todd LLC

Robert P. BordognaTodd-Veredus Asset Management LLC

Pedro BryantMetro Bank

Office of the President

Susan A. Barry, JD President & CEO

Krista Ryan Executive Assistant

Frances VanMeter Office Service Coordinator

Leadership Team

Matthew L. Bacon, CPA Vice President, Chief Financial Officer

Angie McDonald-Hackett Vice President, Community Leadership

Anne E. Monell Vice President, Communications & Marketing

Mike Schultz Vice President, Development & Stewardship

Mark A. CampisanoFamily Office, Atlas Brown

Toni ClemCreative Alliance

Jacqueline C. GibbsPrivate Client Services, LLC

F. Gerald GreenwellFrost Brown Todd LLC

Julie Lavalle “Valle” JonesMayin, LLC

Charles J. Kane, Jr.2nd Generation Capital, LLC

Harriet L. LairFifth Third Bank

Finance, Investment & Operations

Rachel Adkins HR & Operations Officer

James Hill Controller

Bo Manning Operations Associate

Melody Raidy Staff Accountant

Felix E. Martin Jr. Foundationa supporting organization

Kathy Steward JacobiPresident

Alyssa ManningProgram Director

William R. MapotherSlated, Inc.

Daniel W. McMahanBB&T Insurance Services

Deborah MoessnerAnthem Blue Cross and Blue Shield of Kentucky

William O. PriceOwensboro Symphony Orchestra

Dorothy S. “Dot” RidingsCommunity Volunteer

Community Leadership

Gail Sanders Community Leadership Officer

Mark Stewart Director of Community Partnerships

Meredith Zahirovic Community Leadership Associate

55,000 Degreesincubated within the Community Foundation of Louisville

Mary Gwen WheelerExecutive Director

Lilly Massa-McKinleyCollaboration Coordinator

Kofi DarkuResearch and Information Coordinator

Mike KennedyTechnology Coordinator

Robert N. ShawNorton Cancer Institute

Stephanie H. SmithUnistar Purchasing Solutions

Patricia G. “Patti” SwopeSam Swope Auto Group, LLC

James H. TaylorUniversity Medical Center UofL Health Sciences Center

Gary UlmerLouisville Bats

Jefferey M. YussmanWyatt Tarrant & Combs

Development & Stewardship

Regina Rapier Beckman, JD Director of Gift Planning

Shannon Kisselbaugh Director of Stewardship

Caroline G. Meena, JD Gift Planning Officer

Steven D. Milburn Director of Endowment Partners

Mimi Zinniel ChairLouisville Olmsted Parks Conservancy

Marshall Bradley, Jr. Vice ChairOld National Bank

Maria G. Hampton SecretaryFederal Reserve Bank of St. Louis—Louisville Branch

Eric W. Taylor TreasurerGriffin Taylor Co, LLC

Foundation Leadership

B O A R D O F D I R E C T O R S

F O U N D AT I O N S TA F F


Transforming Our Community

Design: TBD: A Branding Agency Printing: Welch Printing CompanyEditor: Anne E. Monell

The Community Foundation of Louisville includes three separate entities, each with its own Tax Identification Number as listed below:

Endowment Funds The Community Foundation of Louisville, Inc. #31-0997017

Charitable Checking Funds The Community Foundation of Louisville Depository, Inc. #31-1140889

The Community Foundation of Louisville Corporate Depository, Inc. #61-1100993

The Community Foundation of Louisville is recognized as a 501(c)(3) public charity by the Internal Revenue Service.This status ensures that donors receive the maximum tax benefit allowed by law.

The Community Foundation of Louisville is confirmed in compliance with national standards for U.S. community foundations.

For information on grant opportunities offered through the Community Foundation, please visit cflouisville.org or call our offices at 502.585.4649.

Waterfront Plaza325 West Main Street, Suite 1110Louisville, Kentucky 40202-4251

502.585.4649502.587.7484 faxcflouisville.org


Having fun with philanthropy at The de Paul School.

CFL 2012 Annual Report

Documents

Transcript of CFL 2012 Annual Report