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Annual Report 2014 1

engaged. philanthropic. visionary.

REPORT TO THE COMMUNITY

2014

RAY CARAWAYPRESIDENT

CHRIS OTTOCHAIR, BOARD OF TRUSTEES

Over the past year, the Community Foundation of Northern Colorado has distributed $7 million in grants and programs to dozens of

organizations and causes, helped hundreds of individual donors carry out their long-term charitable plans, and

was recognized as Colorado’s “Foundation of the Year.” Yet, as the Foundation approaches its 40th anniversary, we are

still often asked a very fundamental question: What exactly does the Community Foundation of

Northern Colorado do? The answer to this question has not developed by chance. It is the product of ongoing analysis

by our Board of Trustees and has grown out of the 100-year history of community foundations in America.

The Community Foundation is a nonpartisan, independent, regional nonprofit organization that belongs to the entire community and is a resource for donors and nonprofits. Over the past 40 years, it has been entrusted with hundreds of charitable funds – all individual funds set up by different donors for a wide range of charitable causes. Forty-eight nonprofit organizations in our region have also entrusted their permanent endowment funds to the Community Foundation.

Serving as the long-term steward for these charitable funds is a multifaceted role that involves receiving and managing complex gifts, acting as the trustee of charitable trusts, providing numerous investment options for donors, and accounting for each individual fund. In just the past few years, the Foundation has received gifts of farm land, residential homes, water rights, art collections, and even a manufacturing firm. The charitable funds created by these gifts produce millions of dollars each year for nonprofit organizations and charitable causes in our region.

In addition to its role as the steward of charitable assets (many of which are permanent endowments), the Foundation is also increasingly serving as a

community leader, convener, and catalyst. Recent projects of this kind include:

• Serving an ongoing role as an advocate, convener, and funder for downtown revitalization in Loveland

• Raising and distributing millions of dollars for needs related to the floods of 2013 and the fires of 2012

• Serving as the fiscal sponsor for projects like the Whitewater Park being planned for the Poudre River in Fort Collins

• Leading the ColoradoGives online giving effort in our region to help maximize its potential as a funding source for local nonprofits

All of these things happen because of the generosity of local donors. We are grateful for the trust you place in the Community Foundation and believe that its role as a community institution goes far beyond the dollars it raises and distributes. It is designed for perpetuity and approaches issues with a long-term perspective. It is a repository of community knowledge – a part of our history and an even bigger part of our future. As we say in a frequently used tagline, the Community Foundation is here "For Good. For Ever."

Thank you for being a part of the Community Foundation’s 40-year history of service and for providing the generosity that fuels all that it does.

DEFININGOUR ROLE

The Community Foundation is a repository of community knowledge – a part of our history

and an even bigger part of our future.

2 www.NoCoFoundation.org

2014 AT A GLANCE

MISSIONTo provide a trusted, local platform that enables people to give more effectively and to think strategically and creatively about the future of our community

NEW GIFTS RECEIVED:

# OF FUNDS:

# OF NEW FUNDS:

GRANTS & PROGRAM DISTRIBUTIONS:

# OF GRANTS:

ASSETS:

$9.7 million

382

41

$7.0 million

750

$84.4 million

WHATA public foundation and 501(c)(3) charitable entity working to build permanent endowments for the benefit of charitable causes and organizations in Northern Colorado

WHEREFocused on Northern Colorado and serving donors throughout the state

WHENEstablished in 1975; serving Northern Colorado for 40 years

CONNECTING DONORS, NONPROFITS, AND COMMUNITIES

ABOUT THE COMMUNITY FOUNDATION OF NORTHERN COLORADO

VISIONTo be the regional leader in building a more engaged, philanthropic, and visionary community

(Fiscal year ended June 30, 2014)

Photography Credits: David Clack, Clear Image Media, Jen Coet, Adam Concannon, Dave Dahms, Heidi Muller


The Community Foundation works to make charitable giving easy, effective, and enjoyable.

Hundreds of families and individuals have established Donor Advised funds at the Community Foundation. They entrust their resources – in the form of cash, real estate, stock, estate gifts, and more – to the Community Foundation and depend on it to be the long-term steward of these assets. Grants can be recommended by an individual, a family, or a committee at any time throughout the year. A Donor Advised fund combines convenience, flexibility, and value with the expertise of professional staff.

The Tanks A Lot Fund is a culmination of years of hard work by my parents (Spence and Betty Van Alsburg), followed by my brother Scott, my husband Jim, and me. The fund provides a way for our business – Advance Tank and Construction – to give back to our community, be thankful for what our parents did before us, and recognize the gift of being able to continue our parents' legacy. As a family we have always felt strongly about supporting organizations that address basic human services, such as the Food Bank for Larimer County, and the Tanks A Lot Fund at the Community Foundation has easily helped the legacy come alive."

JIM & LISA CLAY – TANKS A LOT FUND

GIVINGSTRATEGICALLYDONOR ADVISED FUNDS

Our local area has a plethora of nonprofits helping fulfill the needs, dreams, and interests of so many who live in Northern Colorado. We’re happy to be able to help a variety of those organizations, focusing on both human services and the arts, through our fund at the Community Foundation."

PETER SPRINGBERG & LYNNETTE JUNG-SPRINGBERG – JUNG-SPRINGBERG FUND

Every gift has power, and giving to our community is transformational – perhaps even more for the giver than for the recipient! We are proud to partner with an organization that has demonstrated such expertise and community leadership in Northern Colorado and one that makes giving back to our community incredibly easy and convenient. The Community Foundation of Northern Colorado has been a great partner in helping us accomplish our philanthropic goals."

ANDY & SUZANNE PETERSON – ANDY & SUZANNE PETERSON FAMILY FUND

We created our Donor Advised fund several years ago as part of our estate plan. Our fund will provide a means for our final estate to continue helping charities. By establishing the fund now, we have been able to begin making annual distributions, and we have been able to experience joy when we see the excitement and appreciation of the charities being supported by our fund."

PAUL & DONNA NEWENDORP – THE NEWENDORP FAMILY CHARITABLE FOUNDATION FUND


Our Legacy Society recognizes all those who have extended their charitable giving beyond their lifetime in some manner. It includes all donors who have established an endowment fund during their lifetime, advised our staff that the Community Foundation is in their estate plans, or made a gift from their estate into an endowed fund. These gifts will benefit Northern Colorado far into the future.

Interested in becoming a part of this list of strategic donors? The Community Foundation would be honored to help you put a plan in place to leave a legacy that will shape the future of Northern Colorado.

Eric and Lisa Adsit*Danny H. AlbertsDorothy and *Ted Almquist*Mildred G. Arnold*Wayne BallahJohn Beach*Harry and *Mabel BolandKevin G. and Carol A. BorchertBill and Ruth BrownPete and Judy Bullard*Esther and *Robert Clark*Glenna Cribari*Laura CroneBob Croteau and Karen NoldRandy and Becky DavisMike and Janene DellenbachJoseph D. Dreyfuss IIJim and Kim DurandDave and Paula EdwardsCarole EggerBob and Joyce EverittGary FarisFentress-Brown Foundation*R. B. "Doc" and *Helen FickelGene and Marylynn FischerBrad and Lisa FlorinElmo and Linny FrickmanMark Goldrich and Prudence M. Kaley*Charmayne GoochDavid and Mary Gullikson

The Gunn FamilySteve HagbergFamily and Friends of *Dorothy Dee HamiltonCindy HarawayMims HarrisJack and Shirley HaselbushMarty and Tess HeffernanAllen B. and Judy M. HerderGerald and Bonita HinkleGary and Carol Ann HixonTheresa Hoffmann*Evelyn Helmberger Holmboe and *John HolmboeKittie HookJohn and Carolyn HuisjenJames and Linda HunterKen and Nancy JohnKaren Johnese*Frank Johnson, Sr. and *Caroline JohnsonRobert and Ginnie JohnsonDonald and Jan JorgensenLarry and Pat KendallPaul and Diane KnightMark and Patricia KorbSally Korshak*Dick and *Pauline Kreutzer*Lois L. KrohVicki La Lone*Judy Lamy*Editha Todd LeonardHarry and Jody Love

Gene and *Pat MarkleyLynn and Lois Matson*Wanda MayberryJolanta MenertJoannah MerrimanMarti and *Hermann MeyerMadelyn MihmRoss MillikenGene Mitchell*Paul Murphy*Ida J. Murphy and *Russel O. AllenDouglas and Molly MurrayPaul and Donna Newendorp*Jack and *Elsie Nicol *Ardeth NiemanDoug and Wynne OdellDonald K. Park II*Virlon G. Parker and *Edna K. Parker Rodney and Sharon ParksDavid and Jeannine Pike*Stewart PriceGary ProppJoanna RagoJack and June RichardsonJohn RobertsRick Robertson and Ginny De HerdtWes and Trudy SargentDoug and Jill SchatzRichard and Marlene SchillingAmy Schmidt

* Deceased

Legacy Society Members

YOURLEGACY

Jennifer SchraderSteve and Susie SchraderWayne and Phyllis SchraderHoward and Kathryn SchwartzEarl and Lisbeth SethreBrad and Nadine Sheafor*Dorothy and *Leland SmithGordon Smith and Chris HaysMaryLou SmithDave and Mary StewartSteve and Susan StoltzScot SullivanTom and Jean Sutherland*Robert TempletonAnita TimmonsSteve and Karen ToolJane Van HornLorraine WagnerGary and Sharlynn WamsleyWillliam and Diane WarrenRobert and Donna Webb*Wilson and *Emily WilmarthLarry WingerRobert and Paula Woodward*Mary J.B. WorkDouglas YeagerRobert L. and *Pamela J. Zimdahl*Joseph J. and *Alice A. Zink


The Community Foundation team is happy to assist professional advisors in helping their clients make immediate and long-term charitable decisions that will benefit the causes they care about. We work hard to maintain the trust and respect of CPAs, attorneys, and financial representatives and are proud of the partnerships we’ve formed throughout Northern Colorado.

“Donor Advised funds established at the Community Foundation can simply and effectively allow my clients to make important contributions benefiting charitable organizations. My experience with the staff of the Community Foundation has been excellent; staff members consistently provide my clients with thoughtful, expert assistance that is focused on helping them achieve their goals while also benefitting the nonprofit community."

PETER BULLARD, P.C. – LAW OFFICES OF PETER W. BULLARD, P.C.

The Community Foundation has matured into a full-service charitable advisor, and it offers a full range of advisory services to those who are interested in charitable giving. The Community Foundation offers a local staff and a volunteer Board of Trustees who will satisfy the needs and goals of donors. The professional advisors who refer their clients to the Community Foundation know that the clients will receive friendly and prompt service in achieving their charitable goals."

RANDY STARR – STARR & WESTBROOK, P.C.

The Community Foundation's leadership, staff, and donors embrace and represent three important attributes that speak to the lasting quality of our community, nonprofits, and families: connections, stewardship, and legacy."

JIM SPROUT – FIRST WESTERN TRUST

When I have the opportunity to discuss charitable giving with my clients and nonprofit agencies, it is gratifying to see the care and professionalism that they receive from the expert staff at the Community Foundation of Northern Colorado. The options for donors to invest in the future of individuals, nonprofits, and the community in areas they personally care about are immense, and the staff at the Community Foundation can help them customize a plan to carry out their long-term charitable goals. They strive to match donor intent with community needs to make Northern Colorado a premier place to live."

CATHY SCHOTT – FIRST NATIONAL WEALTH MANAGEMENT

PARTNERINGWITHPROFESSIONALADVISORS


A Charitable Legacy

One of the most unique gifts ever donated to the Community Foundation of Northern Colorado is a small manufacturing firm with approximately 40 employees.

When Hap Enander passed away, his estate plans provided that the company he founded was to be used for charitable purposes; his estate plans also appointed several trustees to carry out his wishes. After looking at all the options available to them, the trustees decided to entrust Hap’s company, Aqua-Hot, Inc., to the Community Foundation as the long-term steward of the asset. The company was placed into a Donor Advised fund, and the trustees became the fund advisors and grantmaking committee. They work closely with the Community Foundation staff to fulfill Hap’s charitable dream. Through dividends and the eventual liquidation of the company in a manner that keeps it locally owned, the Donor Advised fund has become one of the Community Foundation’s largest funds.

Upon receipt of the company, the Community Foundation’s Board of Trustees appointed a corporate board to oversee its management. Under the leadership of Paul Harter, CEO, and Chris Osborn, Aqua-Hot Board Chair, the company saw a dramatic increase in value prior to its recent liquidation by the Community Foundation. The Foundation continues to own a minority interest in the company, all of which is allocated to the Enander Family Foundation Fund – Hap’s charitable legacy.

A UNIQUEGIFT


Community Foundation Stats (FISCAL YEAR ENDED JUNE 30, 2014)

2014 TOTAL NEW GIFTS

$9.7 MILLION

DONORS

ASSET GROWTH FROM 2004 -2014340%

DISTRIBUTED THROUGH GRANTS & PROGRAMS

2004-2014

2014

$42.3MILLION

$7.0MILLION NONPROFITS

SCHOOLSCHURCHES

*This financial statement is derived from the Foundation's accounting records.

The Foundation undergoes an annual audit, and the most current audited financial report is available at NoCoFoundation.org> Financials and Policies.

Community Foundation of Northern ColoradoCombined Statements of Financial Position* (audited)

FINANCIALOVERVIEW

As of June 30 2014 2013

ASSETSCurrent assets $83,568,923 $71,543,006Fixed assets 867,824 930,455

Total assets $84,436,747 $72,473,461

LIABILITIES AND NET ASSETSLiabilities:

Current liabilities $ 37,536 $ 39,263Liability under split-interest agreements 744,240 772,125Assets held for agency funds 14,961,914 12,846,308

Total liabilities 15,743,690 13,657,696

Net Assets:Temporarily restricted 39,232,345 25,283,455Unrestricted 29,460,712 33,532,310

Total net assets 68,693,057 58,815,765

Total liabilities and net assets $84,436,747 $72,473,461


Endowment Status (FISCAL YEAR ENDED JUNE 30, 2014)

Pass-Through 1%

Endowed 54%

Operating 4%

As a Percentage of Total Assets:

Quasi-Endowed 41%

382CHARITABLE FUNDS

Types of Funds (FISCAL YEAR ENDED JUNE 30, 2014)

Scholarship 2%

Donor Advised 51%

Designated 10%

As a Percentage of Total Assets:

Agency 19%

Other 18%( Includes: Field of Interest, Operating, Special Project, Unrestricted, & Charitable Gift Annuities and Trusts )

$84.4 MILLION

Assets (FISCAL YEARS ENDED JUNE 30)

2004 2006 2008 2010 2012 2014

$19.2Million

$31.8Million

$37.8Million

$41.6Million

$60.8Million

$84.4Million


ColoradoGives Regional Champion

The Community Foundation of Northern Colorado is a Regional Champion for ColoradoGives. In this role we serve Larimer County nonprofits and lead the local effort to strengthen online giving with support from our sponsors: Woodward, Bohemian Foundation, RE/MAX Alliance, and KRFC. Participating nonprofits benefit from our regional marketing efforts and our support as they build their campaign. On Colorado Gives Day 2014, more than $1 million was raised for 123 participating Larimer County nonprofits.

ColoradoGives is an initiative of the Community First Foundation with support from FirstBank.

SERVINGNONPROFITAGENCIES

Supporting Northern Colorado Nonprofit Endowment FundsAgency Endowment funds are established by nonprofit organizations as a way to support their efforts far into the future. Nonprofits that establish an endowment fund at the Community Foundation benefit from an investment program and planned giving services; our team’s expertise in handling gifts that involve complex assets, gift annuities, and trust arrangements; and exposure to our family of donors and fund advisors. Partnering with the Community Foundation allows agencies to focus on the work they do best – positively impacting children and families, the arts and education, animals and the environment, and our community at large.


FORT COLLINS CHILDREN'S THEATRE is founded on the belief that exposure to live theatrical performances is a valuable experience to be shared with families and children of all ages. The organization established an endowment fund at the Community Foundation in 2014. Pictured above are children rehearsing for their 2014 performance of Seussical the Musical.

THE BERTHOUD HISTORICAL SOCIETY discovers and preserves the history of the town of Berthoud, the Little Thompson Valley area, and the surrounding region. Pictured here is Executive Director Mark French in the Little Thompson Valley Pioneer Museum courtyard. The Berthoud Historical Society established an endowment fund at the Community Foundation in 2006.

HOUSE OF NEIGHBORLY SERVICE helps low-income individuals and families in southern Larimer County by providing comprehensive services to address basic needs. Pictured above is the food and clothing distribution area within the organization’s Life Center. HNS established an endowment fund at the Community Foundation in 2004.

ESTES VALLEY VICTIM ADVOCATES provides advocacy services to victims of crime and trauma, including safe housing for domestic violence victims, counseling, referrals, and community education. It has been supporting the community of Estes Park and the surrounding area since 1988 and established an endowment fund at the Community Foundation in 2001. Pictured here is EVVA counselor, Lonnie Erskine.


Throughout the years, the Community Foundation has been the resource that is quickly mobilized when the community is in need; in the case of fires, floods, and community projects, it has increasingly stepped up and connected the region around a common goal.

In June 2014, the Community Foundation served as the catalyst to engage the communities of Estes Park, Fort Collins, and Loveland to take part in an Urban Land Institute advisory services panel on resiliency. This panel of

experts (funded largely by a grant from the Kresge Foundation) was asked to address how we might plan for a future natural disaster and what we can do to better recover from the recent flood and fires. This panel and the report it produced is just one example of how the Foundation works toward a more collaborative Northern Colorado and a better future for our region.

To see a copy of the final report released by the Urban Land Institute, visit www.NoCoFoundation.org.

BERTHOUDIn 2014, the Berthoud Community Fund Committee completed a successful campaign to grow the Berthoud Community Fund. With matching gifts from an anonymous donor and the Doyle and Luvesta Frances Jones Fund, more than $600,000 was raised. This brings the total balance of this permanent endowment for Berthoud to over $1 million, allowing the committee to more than double the grants it distributes each year to local organizations.

Serving Communities of Berthoud, Estes Park, Fort Collins, and Loveland

REGIONALLEADERSHIP

Urban Land Institute Resilience Panel


ESTES PARKThe Community Foundation is serving as a sponsor for Estes Valley Legacy, a collaborative planned giving effort involving numerous Estes Valley nonprofits. Grants from the Estes Valley Community Fund and the Community Foundation's Initiatives Fund are supporting this effort to encourage and motivate Estes Valley residents to consider leaving a charitable legacy through their estate plans.

FORT COLLINSThe Fort Collins Community Fund Committee has a history of making matching grants that promote the growth of endowments. In recent years, this fund has helped organizations such as the Fort Collins Museum of Discovery, Touchstone Health Partners, and Pathways Hospice grow their permanent endowment funds. Most recently, the committee issued a challenge grant to the Fort Collins Children’s Theatre to serve as a catalyst for its endowment building efforts.

LOVELANDFor the last several years, the Loveland Community Fund Committee has focused its efforts on the revitalization of downtown Loveland. This committee has given leadership and funding to projects and events that have dramatically shaped the way the larger community views the importance of its downtown. As a result, the vitality of downtown Loveland is clearly on the rise.


The Community Foundation is governed by a Board of Trustees consisting of well-known community leaders from throughout Northern Colorado. This governing body holds the fiduciary responsibility for all individual funds and Foundation assets and establishes the policies by which the Foundation is managed.

The Community Foundation is thankful for the numerous volunteers who offer their time and expertise to our organization.

Board of Trustees

*Executive Committee

TRUSTEES,COMMITTEES,& STAFF

Regional Development CouncilCindy BragdonPete BullardNick ChristensenMike DellenbachMark DriscollDoug DumlerDave EdwardsBrad FlorinBruce HachBruce HendeeDoug JohnsonLisa Larsen (Chair)Jan LordTeresa MuellerGerard NaleznyPeter ScottJim SproutSteve van den Heever

Connie Dohn, CPAChris Otto, CPA (Chair)Ron Schneider

Audit Committee

Denise Bretting, JDBruce HachMorrison Heth, JDSusan Hine, Ph.D.Robert Kearney, MBATeresa Mueller Eric Peterson, JDSuzanne Peterson, MBA, CFA (Chair)

Investment Committee

Rhys ChristensenCCIM

*Connie Dohn, CPA (Immediate Past Chair)

*Doug HutchinsonGreg AndersonCLU, ChFC

Polly Juneau

Robert Kearney, MBA Lisa Larsen, JD Krishna Murthy, MD *Chris Otto, CPA (Chair)

Chuck Levine

*Cathy Schott, CFP *Earl SethreKathay Rennels Suzanne PetersonMBA, CFA

Spiro Palmer


The Community Foundation staff enables the Foundation to serve as a convener of people and ideas, a clearinghouse for information, and a respected steward of community resources. We are honored to work with numerous committees that promote regional cooperation throughout Northern Colorado.

Community Foundation staff, front row, left to right: Samantha Kovari, Megan Concannon, Kim Holtz, Annette Geiselman, Heather Scott, and Kristy Klenk. Back row, left to right: Roxanne Fry, Lyndsey Hertz, Phil Farley, Ray Caraway, and Stephanie Cashman.

Community Foundation Staff

Community Fund Committee chairs, left to right: Mike Cook, Tom Patterson, John Roberts, Leah Johnson, and Randy Davis.

Community Fund Committees

BerthoudCarol BrewerKathy Burcham Brad CookMike Cook, Co-ChairTim DePumpoCraig GreenslitClyde HodgeRobert KearneyDiane Levy*Misha Maggi Tom Patterson, Co-ChairCarey SalomonsonChristine TorresMeinte Veldhuis

Estes ValleyJoseph Adair Randy Davis, ChairLudie DickesonChuck LevineBarbara Marshall Mark Newendorp Paul NewendorpJudy Nystrom Frank ShavlikMarsha Yelick

Fort CollinsJud Harper Donn Hopkins Christine Houdek John Roberts, ChairCathy SchottJohn Stokes

LovelandKim Akeley-CharronLuAnn Ball Roger Clark Phil FarleyMary GulliksonMary HiattLeah Johnson, ChairPaul MuellerSuzanne PetersonNorm RehmeEarl Sethre Ryan SpencerRandy StarrBob Torson

*Honorary Member

The Foundation's Community Fund Committees are responsible for grantmaking from unrestricted funds established in their respective communities.



4745 Wheaton Dr., Ste. 100Fort Collins, CO 80525www.NoCoFoundation.org

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