2012 annual report - Community Foundation of West Chester/Liberty

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18 2012 annual report foundation leadership Board of Directors Patti Alderson, Chair Ted Haglage, Vice Chair Craig Hudson, Treasurer Susan Morgan, Secretary Deborah Boehner Kelly Brammel Sandy Brueshaber Karen Carnahan Marty Davis Helen Fanz LeVay Bob Hutsenpiller Tim Kelly Keith Kline Janelle Lee Gail Jackson Miller Ian Murray Dan Orner Rick Prinz Karen Rolcik William Schumacker John Shaffner Julie White Dan Winterhalter Lindsay Wiseman Dan Zieverink Advisory Board Judith Boyko Tom Daskalakis Richard Flynn Brenda Frazier Frederic Holzberger Donna Leslie Dina Minneci Kathleen Rambo Loren Schramm Tim Sheeran Greg Stamp Nancy Terry Jonathan Theders Rebecca Wilber Staff Melissa Benedict, Vice President, Donor Services Investment Committee John Shaffner, Chair Patti Alderson Kelly Bramel Karen Carnahan Daryl Demo Vince Hall Tom Holding Craig Hudson Ron Rosenbeck Tim Sheeran Greg Stamp Tom Zenge Grants Committee Marty Davis, Chair Chris Cartledge Marty Davis Mary Haglage Debbie Jones Tim Kelly Pam Krieger Lew Ann Lawhorn Mike Zimmer Education Committee Sandy Brueshaber, Co-Chair Sandy Wheatley, Co-Chair Brent Arter Mary Haglage Keith Kline Donna Leslie Katherine Maurer Denise Renneker Kathy Winterman, PhD Melinda Zemper Governance Committee Sandy Brueshaber, Chair Patti Alderson Ted Haglage Craig Hudson Susan Morgan Nancy Fister, Vice President, Finance Executive Committee Patti Alderson Sandy Brueshaber Ted Haglage Craig Hudson Bob Hutsenpiller Susan Morgan Ian Murray Lindsay Wiseman Audit Committee Helen Fanz LeVay, Chair Richard Flynn Brenda Frazier Tim Sheeran Budget Committee Jonathan Theders, Chair Patti Alderson Ted Haglage Craig Hudson Tim Kelly Greg Stamp Strategic Planning In 2013, the Community Foundation’s Board of Directors approved a new Strategic Plan. As part of that plan subcommittees were formed. The following are the Plan’s Committees and Committee Co-Chair: Community Assistance – Bob Hutsenpiller Mission/Vision – Jonathan Theders Governance – Sandy Brueshaber PR & Marketing – Lindsay Wiseman Finance – Craig Hudson Development – Patti Alderson Planned Giving – Karen Rolcik Program Volunteers Barbara Vanlandingham, Program Volunteer Liz Perry, Program Volunteer Virgil McCullough, Program Volunteer
2012 annual report 19 financials assets 2012 2011 Assets Cash and cash equivalents $ 345,463 241,320 Pledges receivable, net 312,333 417,261 Investments 8,515,791 6,461,924 Property and equipment – – Total Assets $ 9,173,587 7,120,505 liabilIties and net assets Liabilities $ – – Total liabilities $ – – Net Assets Undesignated 451,203 337,484 Board designated endowments 3,529,150 3,301,048 Total unrestricted 3,980,353 3,638,532 Restricted net assets Temporarily restricted 2,083,525 647,228 Permanently restricted 3,109,709 2,834,745 Total net assets $ 9,173,587 7,120,505 Total Liabilities and Net Assets $ 9,173,587 7,120,505 2012 Independent audit performed by Hoover & Roberts. The Community Foundation is pleased to work with our Investment Managers; First Financial Bank & Huntington Bank. Member FDIC Our Investment Managers In 2012, it was with great pleasure that we announced the addition of Financial Management Group to our list of approved Investment Managers. FMG is a trusted and experienced group of wealth managers who are passionate about serving their clients. FMG is a 24-year-old, financial planning and investment management company. Passionate about serving clients in a fiduciary manner, this trusted company advises on a fee-only arrangement and sells no financial products for either fee-based or commission compensation. Financial Management Group has more than $250 million in assets under management. FMG joins First Financial Bank and Huntington Bank who have held the Foundation’s assets for many years. Through the ever-changing economic cycles, both of those Institutions have managed our Funds strategically and confidently. In 2000, First Financial Bank was the first investment manager that partnered with the Foundation to offer opportunities for structure and growth. In 2006, the Community Foundation established a relationship with Huntington Bank to expand our offerings to our donors and diversify the Foundation’s assets. Today, the Community Foundation stands stronger by offering our donors the choice of these three highlyesteemed Financial Institutions.
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Page 7 and 8: 2012 annual report 05 KAYLA CROMER
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Page 17 and 18: Power of the Purse Fund The Power o
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Page 23 and 24: 21 Millikin & Fitton Law Firm 513-8
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Page 31 and 32: OUR FUNDS AGAPE’s Benevolent Fund

2012 annual report - Community Foundation of West Chester/Liberty

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