OF SOUTHERN WISCONSIN
2009—2010 Annual Report
Matching personal philanthropy with community need
For good. For ever.
MacDougall You will also learn about the many
types of funds available through CFSW:
Matching Personal Philanthropy Donor advised
with Community Need ~ we’ll be here
Field of Interest
For good. For ever.
The Community Foundation of
Southern Wisconsin has grown to serve Scholarship
seven counties through 14 Community Please call us with your questions,
Funds and nearly 500 additional funds all your ideas and your charitable dreams.
created to enhance and improve the lives Together we can make those dreams
of people today and into the future.
We invite you to page through this
Annual Report to get a glimpse of our The concept of a community foundation is
Community Funds and the support they simple: to provide services to people to make
provide to the communities. Every donor, charitable giving easy. CFSW partners with
professional advisors whose clients look to them for
every fund, every community is unique
assistance in planning current and future charitable
and the Community Foundation has the gifts. We assist donors in establishing funds to
flexibility to provide a wide range of support causes they care about most. We help
philanthropic services to meet the needs nonprofit organizations establish endowment funds to
support their programs and operations. We facilitate
of every donor, every community.
grants from more than 490 CFSW component funds
providing financial support to improve and
A special thank you to
enhance lives. And, we safeguard assets to ensure
your enduring, charitable contributions will
continue For good. For ever.
for sponsoring this Annual Report!
Farmer’s Market Coupon Program
Expands in its second year
For the second year, the Community Foundation of
Southern Wisconsin has organized a collaborative effort
to benefit clients of local food pantries and farmers
simultaneously. This year the coupon program was
expanded to include Edgerton, Elkhorn, Ferryville,
Gays Mills, Janesville, Milton, Monroe, Platteville and
Prairie du Chien.
An anonymous donor offered a challenge to the
participating communities; the donor contributed up to $2,500 per community by
giving $1 for every $2 raised for the program. All gifts are tax-deductible.
Here’s how it works. The local food pantries distribute coupons to their clients
on a weekly basis. Each coupon is worth $5 of fresh locally grown produce at
their local Farmer’s Market. Individuals are eligible for one coupon per week;
married couples are eligible for two coupons per week and families are eligible
for four coupons per week.
The coupons are accepted for locally grown food items only and have no cash
value. The vendors redeem the coupons for reimbursement from the Farmer’s
This program feeds the hungry with nutritious fresh locally grown food while
providing income to hard working local entrepreneurs at the same time – a win
win situation! CFSW is delighted that the program has expanded into more
communities this year.
Special thanks to all the donors who make this program possible and
successful. A total of $12,500 was raised and matched for the 2010 season.
South Wayne Community Fund Established: 1996 Milton Fund
Assets: $100,735 Established: 1996
Grants to date: $28,657 Assets: $176,930
Family of Funds: 15 Grants to date: $143,800
Grants to date: $4,811
People are passionate about Family of Funds: 8
Family of Funds: 10 the communities where they live
Why let all the billionaires
or have lived in the past. They
have all the fun?
When needs are identified, the care about the success of the
community and when asked to Inspired by Warren Buffet and
community of South Wayne
help they do so with time, talent Bill and Melinda Gates, The
comes together to create
and financial resources. They Giving Pledge asks the world’s
solutions. Often the solutions
care not only for the community’s billionaires to pledge the majority
require funding and the folks
present well-being, but for its of their wealth to charity. Milton
there give generously to improve
future too. Fund Advisory Board is inviting
and enhance the place where they
Milton citizens to follow the
live. CFSW is there to help. Establishing a named
philanthropic footsteps of our
charitable fund is a creative way
countries billionaires, but they
South Wayne’s Family of Funds: to “leave something behind.”
don’t need to be a billionaire to
These community minded people
South Wayne Park Project do it!
have established charitable funds
South Wayne Veterans Park in their own names, while The Milton Fund Advisory
allowing the Evansville Fund Board has created The Milton
South Wayne Seniors Fund
Advisory Board to award the Fund Legacy Society. Citizens
South Wayne Park Playground grants to assist Evansville’s pledge to leave a little something
changing needs. to the Milton Fund in their will.
Black Hawk Excellence in
Unlike Buffet and Gates, we
Education Fund Susan E. Eager Fund
aren’t suggesting gifting the
Millie Tait Fund
South Wayne Shelter House Fund Dr Roger and Elizabeth Gray majority of your estate, but we
Fund are asking you consider just 5%.
South Wayne Walking Trail Fund
Richard and Elaine Strassburg
Add another branch to your
Black Hawk Food Pantry Fund Fund
Alvin and Dorothy Helgesen family tree. Count the Milton
South Wayne EMS Scholarship Fund Fund as one of your heirs.
MOW (Meals on Wheels)
Organization Endowments Established: 2008 Platteville Community Fund
Among the permanent funds Assets: $64,942 Established: 2002
held by the Communi ty
Foundation are many established Grants to date: $9,205 Assets: $35,500
by nonprofit organizations to Grants to date: $53,352
Family of Funds: 2
serve as endowments to support
their future operations. Some The Crawford County Family of Funds: 10
endowment funds begin with a Community Fund was
modest gift and a commitment to established in December 2008
reach $10,000, which is the with the help of an anonymous PCF has created the Platteville
minimum required to establish donor who gave the community High School Scholarship Fund.
such a fund; others have just 60 days to match a $25,000 Its mission is straight forward: to
exceeded $750,000. Most bear the gift. The CCCF Advisory Board expand access to higher
organization's name or purpose. accepted the challenge and education for the students of the
successfully reached the goal in Platteville School District. Their
Distributions are made at least
full and on time. theme is “Our children; our
annually from these funds to the
future.” Their goal is to seek
designated organizations to be The CCCF Advisory Board
donations to the PHS Scholarship
used by their governing boards to held a strategic planning session
Fund to annually provide
meet ongoing operating in May 2010 to set the course of
significant levels of scholarships
expenses. the Fund in the near future.
while also building endowments
Anyone may give any amount The Crawford County to ensure future funding.
to these established funds. The Com muni ty Fund crea tes
Community Foundation is a st r on g e r c om mu niti e s by
public charity, fully qualified to matching generosity with
receive charitable contributions economic needs. Grants from
from individuals, corporations CCCF will focus on economic
and private foundations, with all development growth for the
the tax benefits allowed by law. county.
Organizations often contribute to The first grants provided During its start-up year, the
such funds, and individuals support for Kickapoo River clean- PHS Scholarship Fund provided
frequently contribute directly to up, Crawford Markets Care and a five students with $1,000
an organization’s endowment. community kitchen study. scholarships.
Donor Advised Funds Argyle Community Fund Lancaster Community Fund
Donor Advised Funds give Established: 2000 Established: 1999
donors an unparalleled
Assets: $81,526 Assets: $236,326
Play an active, personal role in Grants to date: $28,806 Grants to date: $55,810
their charitable giving; Family of Funds: 9 Family of Funds: 6
enhance their understanding of Recent Grants to the Argyle
community agencies and needs; Community include: THE NEST EGG
benefit from the Community Flagpole for Veterans’ Memorial People believe that “saving for
Foundation's extensive a rainy day” makes sense because
experience in fund and grant Books,Videos and Talking Books,
such a day is likely–we just don’t
management; Computer Workstations and
know when, or how much it
Renovation of Argyle Public
obtain immediate tax benefits; might rain.
build an enduring, permanent Our Lancaster Community
Restoration of Saxton House,
resource that will assure Fund works somewhat like that–
Saxton House windows
perpetuation of their charitable gifts to the Fund are invested and
presence in the community. Old Cemetery Signage, Fence increase in value over time.
Although a portion of investment
It is easy to create such a fund. Early Literacy Station at Argyle
return is applied to current
The Foundation handles the Public Library
community need each year, the
paperwork. The donor's tax Community Baseball League balance is retained for growth
benefits are attained immediately Jerseys and our community’s future
while grant decisions may be benefit.
Home Talent League Fence
made over time.
Think of the Lancaster
Grant distributions and Booster Club Bleacher Fund
Community Fund as our
investment management are FFA Alumni Milk Machine community’s “nest egg.” If you
handled by the Foundation. agree that this is a good idea and
Cub Scouts Burning Kit
Donor Advised Funds may be you are able and willing to help
Memorial Healthcare Foundation that nest egg grow, please
anonymous if desired. They may
Hospital Renovation consider making a provision for it
serve as a charitable instrument
for a family. School District of Argyle in your will or estate plan.
Darlington Community Fund Scholarship Funds The Elkhorn Fund is a grant
CFSW encourages the creation maker, convener, catalyst,
of scholarship funds that benefit collaborator and promoter of
students from a designated school local philanthropy.
Assets: $43,716 or a particular locale of our service
area. We also welcome
Grants to date: $10,233 scholarship funds that will help Assets: $89,843
Family of Funds: 11 students from our area attend a
specific school, regardless of its
Grants to date: $7,250
location, or pursue a particular Family of Funds: 5
Recent Grants to the Darlington course of study. Scholarship funds
Community include: can be established quickly and
easily. As donor, you need to
make some decisions: the purpose
Families First New Beginnings The Elkhorn Fund hosted a
of your fund and its name, and
Reading program fundraising event at the Richard
which assets you will donate.
Lafayette Historical Society Donors may specify other Driehaus Estate in Lake Geneva.
Museum Lighting Upgrade selection criteria for recipients, More than 80 guests enjoyed
such as academic achievement and elegant food, toured the mansion
Tunes at Twilight
financial need. and strolled through the
Wisconsin Bookworm program immaculate gardens. $10,000 was
A scholarship fund may carry
raised for the Elkhorn Fund
the name of the donor, family,
company, or someone the donor
wishes to honor. All grants from An additional $2000 was raised
the fund are made in the name of to support a new initiative - the
the fund, in perpetuity. Farmers Market Food Voucher
program. Throughout the
The minimum amount for a summer Elkhorn Food Pantry
scholarship fund is $20,000. distributed 600 food vouchers to
Scholarship funds may be their clients. The vouchers were
established over a period of time; redeemed for locally grown fresh
activation will occur when the fruits, vegetables, cheese, and
principal reaches $20,000. honey at the Elkhorn Farmers
COMMUNITY FOUNDATION OF SO
Unrestricted Funds are designed for people who recognize that needs change with time.
Donors allow the CFSW Corporate Board or Community Fund Advisory Boards to
determine need and opportunity.
Community Funds support projects and programs that address needs within a specific
Field of Interest Funds support donors’ specified area of interest such as music and theatre,
education, or historic preservation.
Designated Funds are designed to provide perpetual support to one or more nonprofit
organizations recommended by the donor. Annually, whether the donor is living or
deceased, a grant will be made to the “designated” organization(s).
Donor Advised Funds allow an individual, family or limited group of people the right to
make recommendations for grant distributions.
Scholarship Funds allow the donor to establish selection criteria, but usually allows the
high school guidance departments or scholarship committee to select the student.
Nonprofit Organizational Endowment Funds: even as the organization’s board of directors
and philosophies change with time, endowed assets are safeguarded ensuring perpetual
annual support for programming and operations as identified by the organization.
Pooled Income Fund allows the donor to receive a stream of income during their lifetime
then at death the remaining assets are added to or become a charitable fund.
Donor Advised Funds may be established with a gift of $25,000; Scholarship Funds require
$20,000. Other funds require a minimum $10,000 gift. Gifts may be given at one time or over
CFSW is a 501(c)3 public charity corporation. It offers the maximum deductibility as allowed
by law for gifts of cash, appreciated securities, personal property, qualified retirement plans,
insurance, life income gifts (charitable remainder trusts and CFSW Pooled Income Fund).
OUTHERN WISCONSIN, INC.
Communities are strengthened by initiatives that increase organizations
capacity to develop resources and promote leadership, self-reliance, and
community participation. Through its grant programs, the Community
Foundation seeks to support such initiatives.
At the beginning of each fiscal year, July 1, the Community Foundation Board of Directors
determines an appropriate amount available for grant making from endowed funds.
Referred to as a “spending policy,” 4-6 percent of the average market value of each fund
based on 12 trailing quarters is recommended. History teaches us that returns on investments
may vary widely from year to year. The spending policy provides for a funding level that
allows for more stable grant distributions and maximizes the growth of the endowment
In 2009-2010 grants totaling $1,910,616 were awarded from the Community Foundation’s
How to apply for a grant
Our grant making goal is to fund, strengthen and encourage projects likely to make a clear
difference in the quality of life in southern Wisconsin. The Foundation looks for projects
which propose practical solutions to current community needs, promote cooperation and
collaboration in addressing positive change, promote volunteerism, strengthen an
organization’s effectiveness and stability, and address prevention and intervention.
Grants from Donor Advised, Designated and Organizational Funds are awarded to
nonprofit organizations recommended by the donors and/or organization. Grants are not
awarded to individuals.
Community Funds, Field of Interest Funds and Scholarship Funds award grants through
a competitive process. Community Fund annual grant application deadlines vary. To
request a grant application, call 608-758-0883 or outside Rock County 1-800-995-2379 or visit
of the sound boards that were
Established: 2007 partially funded by B/HAF.
Assets: $51,222 Established: 1996
With the economy in the
Grants to date: $2,955 condition it is in, many students Assets: $381,747
of the Pecatonica Elementary
Family of Funds: 4 Grants to date: $274,278
School in Hollandale appreciated
the boxes of school supplies Family of Funds: 90
The Ameri can fl ag i n collected from community
The Clifford and Dorothy Reasa
Blanchardville’s McKellar Park members by B/HAF at the start
Fund for Historic Preservation is
flies 24 hours a day since B/HAF of the school year.
one of the Monroe Family Funds. A
funded lighting for the flag pole. Additional Funds established grant provided significant support
The Village of Hollandale’s to benefit our communities for the move and restoration of the
entrance sign is enhanced by the include the Pecatonica Food Imobersteg Farmstead cheese
beautiful flowers courtesy of Pantry Fund and a Fine Arts
B/HAF. Senior citizens are Fund thanks to the efforts of the
enjoying the music provided at Blanchardville/Hollandale Area
monthly parties at the S.U.N. Fund.
meal site. Pecatonica Middle
School and High School choirs B/HAF is starting small, but
and bands can be heard and continues to improve the quality
enjoyed at their concerts because of life in the local area.
factory. Annual grants from this
Field of Interest Fund are overseen
by the Monroe Fund Advisory
The Reasas left an enduring
legacy to Monroe through the
Monroe Fund to provide financial
support For good. For ever.
Community Fund Fund
Edgerton Community Fund
Established: 1996 Established: 2001 Established: 2004
Assets: $240,071 Assets: $57,416 Assets: $117,000
Grants to date: $156,618 Grants to date: $17,362 Grants to date: $23,250
Family of Funds: 7 Family of Funds: 6 Family of Funds: 4
The New Glarus Library
celebrated the 75th Anniversary
of serving the community and the
Recent Grants to the Shullsburg
New Glarus Community Fund Community include:
and Excellence in Education Pool Safety Net
Funds were there to help with New Beginnings Block Sets
sponsorship dollars and Do you recall having a queasy, Historic Area Trash Receptacles
volunteers. nervous feeling on your first day Shullsburg Home Flooring
Deeply rooted in community as a High School Freshman? Barn Quilts of Lafayette County
spirit, the New Glarus Things haven’t changed much. Automated External Defibrillator
Community Fund Advisory Transitioning from Middle Wisconsin Bookworms Program
Board is ready, willing and able School to High School can be Musician Entertainment at
to help you create a legacy. very stressful for some students. Nutrition Site
In 2009 Edgerton High School Agriculture Program Welding
initiated a new program called Equipment
Freshman Academy; a .25 New State Championship Signs
credit/30 hour class was offered “Barn Stormin’” Brochures
to all incoming freshman to help City Signage
them focus on team building, Pool Equipment
study skills and academic Lafayette County Restorative
Edgerton Fund was pleased to
Marching Band Flags
award a grant to support
Excellence in Education
Excellence In Education Anyone can make a gift, large
Funds (EIE) are components of or small, to an EIE Fund.
the Community Foundation of Here are some ways you can
Southern Wisconsin, Inc. EIEs are make a difference:
cash or credit card gift in
organizations that provide
honor of a student or favorite
private resources to enhance
educational programs, offer
extended educational class gift;
memorial tribute to a loved
innovation, and recognize the
achievements of students and
staff . stock, real estate or other
Excellence in Education Funds
serve as vehicles to solicit, tax-deductible planned giving
receive, coordinate and distribute options;
charitable funds. The Fund’s
wills and estate planning.
Community Advisory Board acts
in stewardship to grow core
endowment funds while
distributing a portion of the CFSW holds Excellence In
earnings to worthy, school- Education Funds for these
related projects. These private communities:
philanthropic dollars allow Argyle
teachers to be more innovative,
students to excel through Black Hawk School District
enhanced educational Darlington
opportunities not typically
funded by tax dollars, and the Evansville
community to benefit by better
Iowa-Grant School District
Excellence in Education Funds
are governed by a volunteer Monroe
Community Advisory Board
operating independently of the
School District. New Glarus
Community Foundation assets are in a balanced
CONDENSED STATEMENT OF FINANCIAL POSITION
portfolio of pooled investments that maximize fund
growth. The assets of the Community Foundation are Year Ended Assets Operating Percentage
managed according to the Financial Accounting June 2010 $24,567,469 $373,461 1.52%
Standards Board for nonprofit organizations. Our
fiscal year begins July1.
Cash investments and other assets $ 22,239,493
The market value of the Community Foundations’ Accounts and Pledges receivable $ 123,918
investment pool was approximately $22,036,700 as of Beneficial Interest Remainder Trusts $ 2,204,058
June 30, 2010. Approximately 5% is invested in cash,
40% in equity funds, 36% in fixed income instruments Total Assets $ 24,567,469
and 19% in common stocks.
This report represents only the highlights of our
Accounts payable and accrued $ 14,097
financial activities. A complete set of audited financial
Grants and Scholarships payable $ 1,388,483
statements, prepared by Wegner CPAs, is available
Funds held for the benefit of others $ 1,960,523
Other liabilities $ 11,694
Our investment managers include: First National Total Liabilities $ 3,374,797
Bank & Trust Beloit, Johnson Trust, M&I Wealth Total Net Assets $ 21,192,672
Management, Union Bank & Trust, US Bank and
Wisconsin Community Bank. Total Liabilities and Net Assets $ 24,567,469
Breakdown by Fund Type
Total Assets = $24,567,469
Total Grants = $1,910,616
Unrestricted Field of Interest Scholarships Designated Donor Advised Organization
Assets 11% Assets 7% Assets 32% Assets 16% Assets 14% Assets 20%
Grants 7% Grants 3% Grants 34% Grants 18% Grants 24% Grants 14%
Community Fund Donors support a Most scholarship Donors designate Donors Specific
Advisory Boards cause rather than awards are one or more recommend organizations
recommend specific charitable presented to high specific nonprofit grants for receive annual
grants to address organizations. school graduates. to receive ongoing charitable projects grant awards.
current needs. support. or organizations.
1992 ~ 2009
Sue Conley Tina Lorenz Alfred Diotte
Executive Director CFO Jane Dunk
DeEtte Beilfuss Eager George Brunner
Rhonda L. Hartwig
Jane Maldonis Linda Gebhardt Margaret Hollenberger
Donor Service Donor Service Ann Johnson
Grants & Scholarships
Lisa Stevens Tom Rowe
Norma Slaback Gary Hoff Don Templin
Admin Assistant Admin Assistant
James Cripe Barbara Daus Alan Dunwiddie James Finley
Immediate Past Chair Emeritus Vice Chair
Melita Grunow David MacDougall Steven Olsen Rick Rolfsmeyer
Elizabeth Siegert Michael Sanders Ronald Spielman Cere Turner
P 608.758.0883 or 800.995.2379
Add a new branch to
your family tree.
Leave a legacy of
just 5% of your
estate to an
endowed fund and
Confirmed in compliance with national
standards for US Community Foundations
A special thank you to
for sponsoring this Annual Report!