2007 Community Foundation Annual Report
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Transcript of 2007 Community Foundation Annual Report
Community Foundation oF Western nevada
annual report 2007
10CELEBRATING
2008 is a celebration year for the Community Foundation of Western Nevada. We celebrate 10 years of making connections with those in our community
who understand the power and importance of philanthropic giving.
We celebrate 10 years of connecting with non-profit organizations which receive the philanthropic dollars that allow them to carry out the important work they do.
We celebrate 10 years of connecting with the individuals, families, friends and financial advisors who recognize, support and sustain our mission.
We are proud to present our Annual Report for the year 2007 filled with stories that celebrate our fund holders’ accomplishments.
Join us as we celebrate 10 years!
1
10CELEBRATING
Table of ConTenTs
Our mission is to
strengthen our community
through philanthropy
by connecting people
who care with
causes that matter.
Financial Highlights ..................................................... 2
Celebrating 10 years ..................................................... 4
Letter from Chair of the Board of Trustees ................... 8
Foundation in Action
Hawken Fire Restoration ........................................ 10
Doyle Family Fund and Clarke Family Fund .......... 12
Big Read Matching Grant ...................................... 14
Fernley Long-Term Assistance Fund ....................... 16
Legacy Society ............................................................ 20
Planned Giving/Professional Advisors Council ........... 21
Board of Trustees ........................................................ 22
Donors ....................................................................... 24
Funds ......................................................................... 29
Grantees ..................................................................... 33
Community Partnership Grant Program .................... 38
Scholarships ............................................................... 40
Financial Report ......................................................... 45
Business Relationships ................................................ 53
Difference Between a Private Foundation and a Donor Advised Fund Chart .............................. 54
How We Can Help ..................................................... 56
2
finanCial HigHligHTsCommuniTy foundaTion growTH reaCHes new HeigHTs
Mil
lio
ns
of
Do
llars
$576,942
$5,462,184
$50,255,967
1999 2001 2003 2005 20070
5
15
20
25
30
35
40
45
50
55
10
Assets
$29,381,075
$13,967,410
3
funds of THe foundaTion
granTs auTHorized
Donor Advised, 60% ................. 29,826,124.20
Designated Funds, 20% ............ 10,290,460.00
Endowments, 4% ........................ 2,165,947.53
Agency Funds, 10% ..................... 5,197,847.00
Scholarships, 6% .......................... 2,775,588.27
ToTal ................................ $50,255,967.00
Arts / Culture, 18% ...................... 1,440,404.04
Children & Family, 3% .................... 249,659.36
Community Development, 18% .....1,481,716.77
Education, 21% ........................... 1,738,553.98
Environment & Animals, 6% ......... 451,838.87
Health, 3% ...................................... 232,302.30
Human Services, 3% ....................... 278,003.48
Religious Institutions, 3% .............. 265,727.40
Other, 25% .................................. 2,017,645.10
ToTal .................................. $8,155,851.30
Donor Advised60%Designated
Funds20%
Endowments 4%
Agency Funds 10%
Scholarships 6%
Other25%
Arts / Culture18%
Community Development
18%
Education21%Environment
& Animals6%
Health3%
Religious Institutions
3%
Human Services
3%
Children & Family
3%
Over $8 million in grants were recommended by Community Foundation fund holders and authorized by the Board of Trustees for charitable or education organizations that serve our community and beyond.
4
CelebraTing 10 years wiTH 10 sTories
10 ConneCTions THaT inspireThe Community Foundation spent the last 10 years helping smart, compassionate people turn their ideas into action. We celebrate their passion and generosity. Our region is a better place for their actions.
Evangeline Reese Grant (1897-1991) was a gifted professional musician and a beloved teacher at McKinley Park School in downtown Reno.
Evangeline’s musical legacy lives on through her daughter’s gift of the rare Testore violin (in the photo) to the Reno Chamber Orchestra Endowment at the Community Foundation of Western Nevada. Each year a promising young student is loaned this magnificent instrument to play for the delight of Reno audiences.
Through the Community Foundation of Western Nevada, a family’s legacy reverberates in the Truckee Meadows.
Duncan Jemison* is a successful retired doctor who cares passionately about literacy and learning. Through the Read With Me Foundation at the Community Foundation of West-ern Nevada, he provides full preschool scholarships to at least two young early readers each year. Pictured here, two scholarship winners are graduating on to kindergarten. The Read With Me Foundation is a growing, permanent fund encouraging more children to read and learn every year. Look for these students to shine brightly in our northern Nevada communities for generations to come. * (Name changed to protect Fund holder’s privacy) Read With Me
Foundation
Evangeline Reese Grant
10CELEBRATING
5
The young adults of the Langson family were given an extraordinary gift. Their uncle established a family donor advised fund and appointed the five cousins to be the donor-advisors. After the cousins decided they wanted to support dental health, the Founda-tion set about helping them find the right program to receive their gift. They were able to sift through the proposed possibilities and settle on a generous gift to the HAWC (Health Access Washoe County) dental services. Their thoughtfulness enabled 75 children to receive much needed care.
Jay Thiessens is a successful businessman who owned his own company but could not read. He could not read his own contracts or his children’s Father’s Day cards. Nobody, nobody, except his wife knew his troubling secret.
After signing a $3.5 million contract that he could not read, Jay decided he had enough and asked for help. He worked on his vision-tracking problems and diligently went through tutoring. A reading advocate, he now helps local adults and children through his tireless volunteer work and a few strategic grants from the Jay and Bonnie Thiessens Literacy Fund at the Community Foundation of Western Nevada.
Marjorie Lee Mortensen, a retired librarian and longtime volunteer with the Nevada Historical Society, set up a permanent fund to purchase valuable historical documents and photos for the Society. As a single working woman, she lived simply and invested wisely. In 2003, towards the end of her long life, she gave herself the gift of acting upon her charitable dream. Now she forever gives our community her legacy of thoughtfulness and permanence.
Thiessens Literacy Foundation
Marjorie Lee
Mortensen
Langson Family
6
With humor or straight-forward stories, children in 25 area elementary schools are learning about bullying and what to do about it, thanks to a grant from the Marguerite Wattis Petersen Foundation Fund. The books were either referenced as an integral part of the “No More Bullies” curriculum created by the Celebrate Diversity Fund or as resources listed in the back of each notebook given to teachers. By collaborating on the same mission, the funds accomplish more.
Bullying hurts everyone — the victim, the bully, and the bystander. Lilli Trinchero is passionate about helping children in Washoe County enjoy their school days in an accepting and bully-free atmosphere. Through her Celebrate Diversity Fund at the Community Foundation of Western Nevada, she has put a bully-free curriculum in the hands of every Washoe County School teacher and encourages each and every school to teach acceptance and to celebrate their students’ unique qualities. The Celebrate Diversity Fund is a permanent resource for local schools and community organizations. It will be here to help our children’s children learn to live peaceful lives, just as Lilli intends it to be.
CelebraTing 10 years ConTinued
Petersen Foundation Book Gift
Lilli Trinchero
Celebrate Diversity
10CELEBRATING
7
Each year a group of students from area high schools meet for 10 weekly meetings to learn about philanthropy by recommending $10,000 in Community Foundation grants to local nonprofits that touch their lives.
Over the years, the Giving Circle has distributed an amazing array of creative grants that bring to light the innovative possibilities of Foundation support. Grants range from pur-chasing disposable cameras for prom to major funding for the Holland Project — a much needed local venue for youth expression of art and music.
Bob Kendall was born in 1923 and raised on the Comstock Lode in Virginia City. Bob’s fondest memories are of growing up on the Comstock Lode in the 1930’s when Virginia City was nothing but a small mining camp struggling to stay alive before the tourists came. Life then for a young boy was simple but full of wonderful things to do. Bob started first grade at the Fourth Ward School in 1928 and graduated from the eighth grade in 1936 — the year it closed as a school for-ever. Bob had a successful career in mining and after a 50 year absence returned to Nevada to live out the remainder of his life. His gift of an endowment will help in the restoration and preservation of the unique and important Historical 4th Ward School.
Charisse Sy graduates from Loyola Marymount University in Los Angeles this spring 2008. In 2004 she learned that she was chosen for a 4-year scholar-ship from the Phil and Jennifer Satre Harrah’s Employee Scholarship Fund. In 2007, she received an additional scholarship from the Claudine Williams Harrah’s Las Vegas Employee Scholarship fund. This boon from the Foundation funds encouraged her to spread her wings and attend the school of her dreams. Charisse is an outstanding student who is specializing in biochemistry and will be taking the MCATs. These remarkable scholarship funds are supporting students at prestigious universities across the United States, opening doors to the next generation of well-educated citizens.
Pho
to C
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rtes
y: L
MU
Charisse Sy benefits from Satre Harrah’s Employee Scholarship
High School Giving Circle
Historical 4th Ward School Robert Kendall
Endowment
8
The results of these conversations are helpful to all of our fund holders as they prepare to make donor advised gifts. Additional information about the conversations can be found on our website, www.cfwnv.org.
As a Community Foundation, we are here to serve the needs of our region and often must act quickly. The fund created to benefit the victims of the Fernley Flood (see page 17) is our most recent example of our flexibility and capac-ity to serve as we responded to requests from the city lead-ers of Fernley.
Recently we were pleased to receive confirmation of our compliance with the National Standards set by the Council on Foundations. The National Standards Seal signifies that our foundation has met the most rigorous review of our organizational and financial policies and procedures and affirms our commitment to financial security, transparency, and accountability.
Today as we plan for the future, we look forward to working with all sectors of our community: the citizens who seek to make a difference through philanthropy, the nonprofits who serve the needs of our region, and the leaders and professionals whose expertise can guide us all. We hope you’ll join us as we celebrate our past and strive to make a difference in the place we love to call home.
Jennifer Satre, Chair, Board of Trustees
T he founding board of trustees of the Community Foundation of Western Nevada
had a vision for a trust of pooled funds that would benefit current and future generations of Nevadans. Ten years later, our mission remains the same: to strengthen our commu-nity through philanthropy by connecting people who care with causes that matter. We are proud of our growth and the services we offer our donors, nonprofit organizations, and professional advisors in our region. Above all, we are thankful for the dedication of our founders and the gener-osity of our many donors.
As 2007 came to an end, we had much to celebrate. Since 1998 we have received over $66 million in gifts, established over 175 funds, and distributed over $32 million primar-ily to projects in northern Nevada. In June of 2007, we announced our first annual Community Partnership Grants to 25 organizations, totaling almost a quarter of a million dollars to help build the capacity of each recipient. These grants were made possible with seed money from the Ronald L. Olson Foundation and generous contributions from our fund holders and board members.
Over the last several years, we have engaged numerous people in our community in conversations about the needs and funding priorities in the arts, education, and natural resources. This year we will be convening members of the health and human services sector to prioritize their needs.
Chris Askin, CFRE, CSPG, Executive Director
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Jennifer Satre, Chair, Board of Trustees and Chris Askin, CFRE, CSPG, Executive Director
10
Coming together is a beginning. Keeping together is progress. Working together is success.
— Henry Ford
“”
Photo Courtesy: Nevada Land Conservancy
11
working TogeTHer for a sTronger CommuniTy
Through the combined support of pubic and private entities, rehabilitation work
on the Hawken Fire site is coming along. On July 16, 2007, smoke began to plume over Caughlin Ranch sig-naling the beginning of the Hawken Fire. The open-land wildfire burned over 500 acres, up to the backyards of Caughlin Ranch homes. Donor-advisors from three funds at the Community Foundation responded by recommend-ing major grants for reseeding.
Kelley Erosion Control completed hydromulching 43 acres immediately behind homes on Friday, November 2, 2007. Washoe County Public Works also completed the construc-tion of two drainage basins to help capture sediment before it flows out of Alum Creek into the Truckee River. Aerial seed-ing of 350 acres in the upper elevations and aerial mulching of 160 of those acres occurred in February 2008. Hazardous trees have been removed, teams of volunteers replanted 300 Ponderosa and Jeffrey Pines seedlings, and a new flood early-warning system has been installed on Alum Creek.
Nevada Land Conservancy is serving as the fiscal agent, principal fundraiser, and volunteer coordinator for the Hawken Fire restoration effort. Project partners include Washoe County, the Caughlin Ranch Homeowners’ Asso-ciation, City of Reno, U.S. Forest Service, Nevada Fire Safe Council, and Natural Resources Conservation Service.
Kelley Erosion Control sprays a green hydromulch seed mixture over parts of the Hawken Fire burn area in southwest Reno. Nevada Land Conservancy, Washoe County, U.S. Forest Service, and City of Reno partnered on this fire rehabilitation project, which will restore more than 500 acres that burned in July of 2007.
Pho
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a La
nd
Co
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rvan
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“ ”
Graduating participants from the “Taking Charge” class.
The greatest benefit of synergy is born in the diversity of perspectives.
— Danielle Marie Crume
13
”
Trudy Doyle and Barbara Clarke do not know each other. But through their affilia-
tion with the Community Foundation they are making a clear difference in the lives of seniors in northern Nevada.
Trudy Doyle lives with macular degeneration – a chronic, progressive disease of the eyes. She wants seniors living with this pervasive health problem to know that in many cases there are aids and methods to help people with low vision live fulfilling lives.
Trudy funded the UNR Sanford Center for Aging “Taking Charge” program. “Taking Charge” is a series of workshops presented to seniors to help them manage any chronic dis-ease. The last of the seven-series classes deals exclusively with macular degeneration. Results from “Taking Charge” are impressive.
n Workshop participants are better able to talk with their doctors and families about their health concerns and needs.
n They learn methods to break the Symptom Cycle of chronic disease.
n Participants learn to identify resources to help them in their self-management goals.
The class is taught by team leaders who encourage mem-bers to become supporters of each other. Two class series and a leadership-team workshop were completed in 2007 and more are scheduled in the western Nevada region for 2008. For more information contact the University of Nevada, Sanford Center for Aging.
Barbara Clarke’s late husband was a respected ophthalmologist. She knows well the value of sight. To help seniors who cannot pay for expensive corrective low-vision aids, Barbara established a fund at CARE Chest of Northern Nevada.
Here is the story of one woman who was helped by Barbara’s fund at CARE Chest of Northern Nevada:
Lorene, a petite 81-year-old grandmother of five and great-grandmother of six, lives alone in a small apartment. She has no family locally. Lorene spends more of her time reading and says it is a major part of her life. However, Lorene suf-fers from macular degeneration which makes reading difficult and sometimes impossible for her. Surviving on a mere $277 from Social Security, Lorene cannot afford the optical devices not covered by insurance. Through a generous grant from the Community Foundation, CARE Chest was able to pay for Lorene’s glasses. These optical devices will help her to remain independent and do what she loves most – read.
Two women linked by Common inTeresT and Values
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The Big Read is an initiative from the National Endowment for the Arts designed to restore reading to the center of American Culture. The Big Read brings together partners from across the county to encourage reading for pleasure and enlightenment.
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CollaboraTion leads To maTCHing granT from THe kellogg foundaTion
During a month-long span from mid-September to mid-October 2007, northern
Nevada was reading Ray Bradbury’s novel, Fahrenheit 451. Not only were we reading the novel, we were talking about it in book clubs and blogs, critiquing it in high school English classes, cre-ating art inspired by the novel’s message, watching the movie version at Idlewild Park, and going to lec-tures and workshops presented by respected educators and authors. This area-wide initiative was cre-ated by the National Endowment for the Arts and brought to us by our libraries. The NEA granted funds to support the program, but much more was needed by the Washoe County Library if they were going to generate community-wide enthusiasm and participation from schools and non-profit literacy and arts groups.
The Jay and Bonnie Thiessens Literacy Fund, the High School Giving Circle, the Friends of Washoe County Library, and The Washoe County Library Endowment — all funds within the Community Foundation, collaborated and made gifts to support the Big Read. The Community
Foundation then leveraged these gifts by applying for and receiving a matching grant from the Kellogg Foundation to further support the community-wide read. Working together, we were able to raise twice as much support and bring together diverse interests to create something special for everybody to enjoy.
You don’t have to burn books to destroy a culture. You just have to get people to stop reading them.
— Ray Bradbury, Fahrenheit, 451.
“”
ReviewTMCC students
and teachers create thought-provoking exhibit inspired by
Fahrenheit 451.
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When strangers start acting like NEIGHBORS... communities are reinvigorated.
— Ralph Nader
“
”
17
Saturday, January 5, 2008, the Fernley Canal breeched, flooding homes and streets and dis-
placing families and their pets in the freezing dawn. On Monday, January 7, the City of Fernley called Community Foundation director Chris Askin to talk about establishing the Fernley Long-Term Assistance Fund.
Fernley City Hall was inundated, and managing this crisis was a challenging task. People were driving from Reno and Sparks loaded with shovels and cash to donate to the Fernley Flood victims. The Fernley Assistance Fund was created to ease the information flow and create a charitable pocket for this hard-hit community. With a simple phone call and a short agreement, the Community Foundation became the monetary contribution collec-tion center for Fernley. Within hours our office phones were ringing, and during the next few weeks donations poured in by mail and by credit card through our website, www.cfwnv.org.
The Fund received 144 separate gifts ranging from a few dollars sent in by a victim’s elderly relative from back east to thousands collected during individual and corporate fundraisers. The total amount contributed to the fund was $259,781.27.
fernley long-Term assisTanCe fund uniTes donors’ sHared response inTo a CHariTable resourCe
The Fernley Long-Term Assistance Committee distributes the grants from this fund. The first phase of funding was distributed to flood victims who had registered with Lyon County Human Services by January 25, 2008. The checks were distributed January 31 and February 1 through Fern-ley City Hall. 190 households received checks totaling $185,830. The checks were disbursed based on the level of damage assessed to their homes by City officials during structural safety inspections.
The remaining money in the fund, mostly generated after the first disbursement, has been and will continue to be distributed to families with unmet needs who apply to the Fernley Long-Term Recovery Team. A Case Management Supervisor, the Director of Recovery, and the Construction Supervisor will work with the families to develop a recovery plan. Once the revenue received from other disaster pro-grams has been exhausted on recovery, families can apply for funding from the second phase of funding donated through the Community Foundation of Western Nevada.
Each and every gift to the Community Foundation fund is carefully receipted, and the donors receive a personal letter of acknowledgement thanking them for their gener-osity and neighborliness.
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Ahuja, Usha
Allred, Mr. and Mrs. Scott
America RV Rentals
American Girls
Ashurst, Ms. Anita
Associated General Contractors
Barkley, Mr. David
Bedi Corporation
Bennett, Mr. and Mrs. Robert J.
Bent, Ms. Laura L.
Berney Realty
Bevan, Mr. William R. and Mrs. Joan Fincher-Bevan
Bhargava, Anubhav and Swasti
Bill Glaser Hair Design
Bonanza Printing
Bretzlaff Foundation
Buhrmann, Mr. and Mrs. Henry J.
Buonanno, Mr. and Mrs. Joseph A.
C3 Computer Services
Calvanese, Mr. Jerry C.
Carolina Kitchen & Barbeque
Chronister, Ms. Betty
Collins, Mr. James D.
Condron, Ms. Sondra
Denny, Ms. Thelda L.
Dimare, Mr. and Mrs. Richard P.
EBSCO Industries
Elwess, Ms. Tiffany A.
Fernley Free Methodist Church
Fincher, Mr. and Mrs. Clifton B.
Fioresi, Ms. Gigi
First Independent Bank of Nevada
Gastroenterology Consultants
Gerlach High School
Gimblin, Ms. Lynne
Grasse, Ms. Linda
Greater Las Vegas Association of Realtors
Greater Nevada Credit Union
Guerra, Mr. and Mrs. Carlos
Hale, Ms. Laura
Hardy, MD, Assemblyman Joseph P.
Hartpence, Mr. and Mrs. Vic
Haynes, Mr. and Mrs. Robert
Hearts of Gold Quilters
Heckman, Mr. and Mrs. Rick
Hogan’s Carb & Tune
fernley long-Term assisTanCe fund donors
Howard’s Chevron
India Association of Northern Nevada
Janes, Ms. Colleen G.
Jesse Hall Elementary School – WCSD
Johnson, Mr. and Mrs. James
Keyser, Robert S. and Dorothy J., Foundation
Kurashewich, Ms. Samantha
Ladies Aid Society
LaFond, Ms. Cheryl
Lakeside Community Church of Religious Science
Lambert, Ms. Mary N.
Laughton, Ms. Judy
LaVoie, Mr. and Mrs. Alan
Leiser, Mr. Rick and Ms. Anita Habberfield
Lewis and Roca LLP, Lawyers
Lindsay, Mr. and Mrs. Robert
Livingston, Mr. and Mrs. Richard
Luriland Foundation
Lyon, Ms. Vivian G.
Mahadeva, Mrs. Bani Q.
Marracini, Mr. Joshua
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McDonald Carano Wilson LLP
McDonald, Mr. Verdell
McGriff, Mr. and Mrs. Michael E.
MDM Silver State Solutions
Morris, Mr. and Mrs. Tom
Narala, Mr. and Mrs. Yugandhar
Nevada Association of Realtors
Nevada Cement Company
Nevada State Bank
Nicholson, Mr. and Mrs. Rick A.
Nolan, Senator Dennis E.
Northwest Datacom and Power
Norwood 4-H Club
Nutzmann, Ms. Wendi
Owen, Ms. Sarah
Parish, Ms. Lynne
Parks, Mr. and Mrs. David R.
Peer, Mr. and Mrs. Don
Piper’s Opera House Programs
Pitani, Mr. and Mrs. Keshav
Professional Saleswomen of Nevada
Purvis, Ms. Lynn
Q & D Construction
Rail City Casino
Rawat, Mr. and Mrs. Banmali
Narashimha, A. and A Vijayalakshmi
Reese, Mr. and Mrs. Luther
Reno/Sparks Association of Realtors
Reno Rockin’ 50’s Dance Club
Reno Toyota-Scion
Ricci, Ms. Pamela B.
Robinson, Ms. Jennifer M.
Robles, Mr. Drake
Roman, Mr. and Mrs. Keith F.
Rosenlund, Mr. and Mrs. Gary
Satre Family Charitable Fund
Schiller, Mr. and Mrs. Leonard D.
Scripps, Mr. Jim
Serdehely, Ms. Rebecca
Sertoma Club of Sparks
Shen, Mr. and Mrs. John
Sierra Neurosurgery Group
Sierra Nevada Association of Realtors
Sierra Pacific Resources
Silver Spur Saloon
Silver Sage Middle School
Smith, Mr. Byron F.
Sparks Elks Ladies
Spinola, Mr. John
Stonick, Mr. and Mrs. Victor H.
Thomas P. and Thelma B., Hart Foundation
Tilford, Mr. and Mrs. Dave
Townsend, Senator Randolf J.
Trent, Ms. Gigi
Trisler, Mr. and Mrs. James, A.
Turner, Mr. and Dr. Jeff
Upton, Mr. Edward
United States Naval Air Station, Fallon Chapel
Vaca, MD, Dante
Veerendra-Babu, BR
Kodandaraman, Mr.
Vig, Mr. and Mrs. Gargi
Wadia, MD, Gurjeet
Walsh, Mr. and Mrs. James M.
Washoe County Public Guardian’s Office
Waterhouse, Ms. Linda D.
Waterman, Mr. Donald W.
Watts, Mr. and Mrs. Donald W.
20
This is your time. This is your chance. Leave a lasting mark on the place you love.
A bequest can literally change the future of our community. Designate a percentage of your estate to an endowment to benefit an organization or cause you feel passionate about. This may well be the largest single gift you will ever make in your lifetime and will affect generations to come.
What inspires you? Do you want to preserve that grove of trees by the river that you fished under as a kid? Do you want to improve the old school building or train teachers to teach science in the outdoors? How about contributing to the expenses of the musical artists and venue where you and your beloved were moved to tears on a memorable night?
Talk with your family. Then, talk with us. Five percent of your estate will mean a world of difference to your commu-nity and leave your lasting legacy for generations to come.
The members of the Legacy Society have made a planned or estate gift to a fund at the Community Foundation of Western Nevada. Their generosity will be the source of a constantly flowing, charitable, well-spring of funds to nurture causes meaningful to them.
ConneCT To THe fuTure wiTH a planned gifT
21
Sample BequeSt language
A bequest to the Community Foundation of Western Nevada is simple to make part of your estate plans. You may instruct your legal counsel to include in your will the following statement,“I give and bequeath _________________________ (amount or percentage of your estate) to the Community Foundation of Western Nevada, a nonprofit organization. This gift of an endowment fund shall be known as ______________________ (choose a name for your fund) This fund shall be devoted to the support of the following charitable causes or nonprofit organiza-tions:___________________________________.
AnonymousRobin Ballentyne
Kim BeckerJan and Mary Beekhuis
Carol Ann CarrollSusan Davenport
Arthur and Shirley Di SalvoReggie Dunbar
Steve and Debra FinnellKaren Foissotte
Robert and Monica HemsathBruce James
David and Dee Dee JensenVirginia M. Mansfield
Mary McGrath Michael and Theresa Meyer
Elizabeth MollathAlfred and Lola Ouska
Rosalie K. QuesnoyAlice Ramlow
John and Patricia SnyderNadine Stagelmeyer
Rachel StruveLarry Struve
George SummerhillLilli TrincheroJill M. Winter
Legacy Society
Professional Advisory Council
The Professional Advisor Council is a group of seven pro-fessional advisors who have a history of working especially closely with the Community Foundation of Western Nevada. In partnering with us they have referred clients and colleagues to the Community Foundation, attended its events and are serving as charitable giving resources in their respective fields. The staff liaison to the PAC is Ralph Vroman, Community Foundation Controller. Their volun-teer board committee chairman is Tony Termini.
Elaine Alexander Andrea KnappBruce Brugler Don RossJohn Boyd Tom SeeligerThomas Hall
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Jennifer Satre Sallie Armstrong Richard Barnard John Mulligan Butch Anderson Kathie Bartlett Fred Boyd
Rebecca Dickson Mendy Elliot Brian Kennedy Diana Kern Linda Smith Jim Webster Norma Webster
John Badwick Kim Becker Annette Bidart Kathie Dees Barbara Drake Thomas Hall Gail Humphreys
Sheila Leslie Cary Lurie Magda Martinez Hoffman
Maureen Mullarkey
Jim Pfrommer Alicia Reban Toni Termini
23
board of TrusTeesJennifer Satre, Chair
Chair of the Executive Committee
Sallie B. armStrong, ViCe Chair Development Committee
riChard Barnard, treaSurer Finance Committee Chair
John mulligan, SeCretary
ButCh anderSon, truStee Investment Committee Chair
Kathie Bartlett, truStee Program Committee
fred Boyd, truStee Development Committee
reBeCCa diCKSon, truStee Development Committee
mendy elliott, truStee Development Committee
Brian Kennedy, truStee Finance Committee
diana Kern, truStee Program Committee Chair
linda Smith, truStee Development Committee Chair
JameS WeBSter iii, truStee
Immediate Past President, Executive, Development and Finance Committees
norma WeBSter, truStee
Board Development Committee
adVisory board
John BadWiCK, Investment CommitteeKim BeCKer, Development Committeeannette Bidart, Investment CommitteeKathie deeS, Program CommitteeBarBara draKe, Program CommitteethomaS hall, Investment Committeegail humphreyS, Finance CommitteeSheila leSlie, Program CommitteeCary lurie, Program Committeemagda martinez hoffman, Development Committeemaureen mullarKey, Finance CommitteeJim pfrommer, Investment CommitteealiCia reBan, Program Committeetoni termini, Development Committee
emeriTus boardRobert Armstrong David TurnerNancy Fennell Col. William Van Allen (1914-2004)Mark Knobel Ronald Zurek
24
donorsThe following individuals and organizations made gifts to the Community of Western Nevada in 2007. Some of the people listed established new funds or added to existing funds. Others gave in honor or memory of friends or relatives.
255 North Sierra Street LLC
Accela, Inc.
Access to Healthcare Network
Adams, David M.
Al’s Excavating and Grading, Inc.
All American Aire, Inc.
Allied Washoe Petroleum
American Legion Post 16
AMP Resources
Anderson, Mr. and Mrs. Jack L.
Anonymous
Armstrong, Mr. and Mrs. Robert
Arzuaga, Vic
Ashley, Mr. and Mrs. George
Askin, Mr. and Mrs. Chris
Atlantis Casino Resort
Ausherman, Mr. and Mrs. Vernon
Auto Pros Motor Company
Avansino, Melarkey, Knobel & Mulligan
B & J, Inc.
Badwick, Mr. and Mrs. John
Bailey, Deborah
Ballantyne, Dr. Robin
Bangert, Sylvia
Bank of America United Way Campaign
Banker, Mr. and Mrs. Bill
Bartlett, Mr. and Mrs. Syd
Baugus, Michael A.
The Bauserman Group
Baushke, James L.
Baxley, Gayle
Becker, Jane Kimberly
Bein, Marti N.
Belosic, Victor J.
Bennett, Dana R.
Berkove, Mr. and Mrs. Lawrence I.
Bernhard, Mr. and Mrs. Alex K.
Bietz, Gretchen
Bingham, Mr. and Mrs. Dave
Blackwood, Mr. and Mrs. R. S.
Bolt, Mr. and Mrs. Harold M.
Bolton, Mr. and Mrs. Carl
Borrus McKean, Debra B.
Bowker, Elizabeth
Bristol, Mr. and Mrs. James C.
Brosy, Dr. Paul
Brown & Brown Insurance of Nevada, Inc.
Bunge, Jim D.
Cabela’s
California Sierra Express, Inc.
Callahan, Tammy
Capital City Distributing
Capital Glass, Inc.
Capstone Partners
Caramella Family LTD Partnership
Cardenas, Mr. and Mrs. Raymond
Carson Medical Group
Carson River Community Bank
Cashell Enterprises, Inc. – Alamo Travel Center
Castiglione, Mr. and Mrs. John M.
Catamount Fund
Certified Home Improvements, Inc.
Challenger, Mr. and Mrs. Charles W.
Charles H. Stout Foundation
Charles Schwab & Co., Inc.
Charter Communications
Chatburn, Mr. and Mrs. John R.
Chiavini, Mr. and Mrs. Paul
Christensen, Virgil
Chubb, Janet L.
Circus Circus of Reno
City National Bank - Los Angeles
City of Reno
Clark, Ellen and Tracy
Clarke, Barbara Bradley
Clarno, Mr. and Mrs. Roy
25
Clift, Claire J.
Coe, Jack
Coeur Rochester Inc.
Coldwell Banker Plummer & Associates, Inc.
Coleman, Mr. and Mrs. Robert E.
Colescott, Mr. and Mrs. W. E.
Coli, Mr. and Mrs. Sebastian J.
Conn, Mr. and Mrs. Michael E.
Dalrymple, Mr. and Mrs. William H.
Davidsaver, Mr. and Mrs. Richard
Davis, David
Davis, Mr. and Mrs. Kurt
Dean, Mr. and Mrs. Darrel A.
Dedolph, Mr. and Mrs. John F.
Dees, Mr. and Mrs. Jim
Delaney, Shirley M.
Delappe, Joseph P. and Laurie Macfee
Dickson Realty
Dillon, Mike
Doyle, Mr. and Mrs. John M. Dreamstreet
Dunton, Mr. and Mrs. Alan J.
E.L. Cord Foundation
Egan Commercial Real Estate
Elliott, Mendy
Enterprise Rent-A-Car
Estep, Mr. and Mrs. Philip M.
Farahi, Ben
Ferrara, Mr. and Mrs. Thomas A.
Ferreira, Mr. and Mrs. Ernest
Fey, Christine A.
Finnell, Debra
First Independent Bank of Nevada
Flesia, Mr. and Mrs. Thomas L.
Flynn, Julia E.
Folchi, Mr. and Mrs. Albert L.
Foundation 36, Inc.
Francis, Mr. and Mrs. James W.
Fredricksen, Eric
Friends of Midas
Friends of Nevada Wilderness
Friends of Washoe County Library
Fry, Mr. and Mrs. Paul D.
Gadbois, Mr. and Mrs. Garry
Galentine, Mr. and Mrs. Robert
Galli, Mr. and Mrs. Rudy
Gash, Mr. and Mrs. Roger
Gasoline Alley
Geddes, Mr. and Mrs. David
Ghiglieri, Lucille
Gibbons, Governor Jim
Gilbert, Mr. and Mrs. Richard J.
Gilmore, Mr. and Mrs. Walter
GivingNet, Inc.
Glenn, Mark
Gordon, Diane
Grand Sierra Resort and Casino
Granite Construction Company
Greiner, Jill
Griffith, Martin R.
Grimm, Klause
Grows, Mr. and Mrs. Neal E.
Guinn, Mr. and Mrs. Kenny C.
Hammond, William R. and Pamela Cheek
Harmon, Mr. and Mrs. Brent
Harrah’s Operating Company, Inc.
Hart, Leslie Bryan
Hatch, Mr. and Mrs. Robert
Hatch Health Benefits Associates
Heiman, Alice R.
Heinrich, Jon K.
High Desert, Inc.
High Sierra Industries
Hinderks, Dr. and Mrs. Larry
“ Determine that the thing can and shall be done, and together we will find the way.
— Abraham Lincoln”
2002
26
Historic Fourth Ward School Foundation
Hobson, Chip
Hoffman, Mr. and Mrs. William R.
Holabird, Mr. and Mrs. Fred
Homegate Realty of Reno
Hood, Mr. and Mrs. John E.
Hoover, Anne
Hopper, Mr. and Mrs. Carl V.
Ingbar, Carolyn C.
Iron Nation Motorcycle Club
Isaac, Ben E.
Jacobs, J. F.
Jeff Codega Planning & Design, Inc.
Jensen Precast
Jewish Communal Fund
Johnston, Mr. and Mrs. Patrick
Jones, Jessica B.
Karraker, Col. (Ret) and Mrs. Perry
Keenan Hopkins Suder & Stowell Contractors
Kellenberger, Mr. and Mrs. Richard L.
Kern, Diana
Kern, Richard R.
King, Mr. and Mrs. Tony
Knapp, Mr. and Mrs. Michael J.
KNPB - Channel 5
Lahey, Mr. and Mrs. Thomas J.
Lake Crest Homes
Landa, Mr. and Mrs. Larry M.
Leeds, Mr. and Mrs. Jim T.
Leggett, Kathleen K.
Leneaux, Grant F.
Leonard, Gwen, Survivor’s Trust
Let Rich Do It
Levy, Mr. and Mrs. Richard M.
Lotus Radio Corporation
Lund, Mr. and Mrs. Allan B.
Lundahl & Associates
Lurie, Cary
Lutheran Church of the Good Shepherd
Lynch, Patricia A.
Lyon, Mr. and Mrs. Stan L.
Madau, Cindra
Maddalena, Mr. and Mrs. Tony
Marsh, Charlotte
Maupin, Cox & LeGoy
McCleary, Gay
McCool, Andy M.
McCormack, Brendan M.
McDonald Carano Wilson LLP
McIntosh, Mr. and Mrs. Michael
McMahon, Mr. and Mrs. H. Markley
McMullen, Mr. and Mrs. Samuel P.
McQuirk, John
Media Directions, Inc.
Mendiola, Mr. and Mrs. Vince
Meridian Gold Company
Meyer, Mr. and Mrs. Michael
Microsoft Licensing
Microsoft Matching Gifts Program
Miles Properties, Inc.
Milhollan, Ann
Miramon, Beth
Mitchell, Mr. and Mrs. Mark
Moonlighting Personnel Management Services
Morrison, Mr. and Mrs. James T.
Mortara, Pam A.
Muhonen, Mr. and Mrs. Gary
Myers, Thomas T.
Neusel, Eric J.
Nevada Humanities Committee
Nevada Land & Resource Co., LLC
Nevada Security Bank
Nevada State Bank
Nevada Veterinary Medical Assoc.
Newberry, Mr. and Mrs. Kenneth D.
Nicholas, Rose
Nichols, Mr. and Mrs. Jim T.
Nolan, John D.
Noonan, Dr. David and Dr. Elisabeth
Northern Nevada Women Lawyers’ Association
Northwood Properties, LLC
donors ConTinued
27
Nyblom, Mr. and Mrs. Jon A.
Oliver, Mallory
Oliver-McClure, Emilie
Olsen, Warner
Opthalmic Help Fund
Orange County Community Foundation
Orlich, Joy
Pacific West Service Company, LLC
Panter, Stephen D.
PAR Electric
Parasol Tahoe Community Foundation
PTA, Caughlin Ranch Elementary
Parents Association of Sage Ridge School
Paul Helms & Associates Counseling Center
PDC, LLC
Peppermill Hotel Casino
Perrott, David W. and Ludvina K.
Persing, Mr. and Mrs. Casey S.
Peters, Mr. and Mrs. Gordon A.
Pfrommer & McCune, LTD
Pickett, Mr. and Mrs. Norton
Pincolini, Mr. and Mrs. Bruno
PineCrest Construction & Development, Co
Planeta, Mr. and Mrs. R. C.
Prasad, Bhavani D.
Putnam, Mr. and Mrs. Jerry
Quebecor World Nevada
Queenstake Resources USA, Inc.
R & R Partners, Inc.
Raggio, Senator William J.
Ramelli, Mr. and Mrs. Greg M.
Reed, Mr. and Mrs. Bob
Reno Business Interiors, Inc.
Reno Chamber Orchestra
Reno Radio Representatives, LLC
Reno Sparks Indian Colony
Reno Sparks New Car Dealers Assoc.
Reno Tahoe RSVCA
Reno Toyota-Scion
Republican Women of Reno
Richard, Robert J.
Richards, Mr. and Mrs. Garth S.
Richison, Mr. and Mrs. David L.
Robert M. Lee Foundation
Robert S. & Dorothy J. Keyser Foundation
Robert Z. Hawkins Foundation
Robinson, Mr. and Mrs. Steven A.
Ronald L. Olson Foundation
Rotary Club of Portola
Rotary Club of Central Reno
Rowe, Michael S.
Rowley, Mr. and Mrs. Floyd, Jr.
Sage Ridge School
Saint Mary’s Regional Medical Center
Saltern Investments
Satre, Mr. and Mrs. Phil
Savant, Dr. Troy D.
Scheckla, Julie A.
Schouweiler, Bart M.
Schumacher, Deborah E.
Scofield, Sherry
Seismic Events
Serpa, Mary A.
Service 1st
Seymour, Mr. and Mrs. Kenson L.
Shappell, Mr. and Mrs. Scott D.
Sharpe, Mr. and Mrs. Darwin A.
Shelton, May Sagawa
Shipman, Mr. and Mrs. Bruce J.
Shreve, Robert M.
Sieben, Tonya M.
Siegel, Mr. and Mrs. Thomas F.
Sierra Nevada Geothermal, Inc.
Sierra Nevada Republican Women
Sierra Pediatrics
Silver Legacy Resort Hotel
Silver Oak Development Company, LLP
Silver, Mr. and Mrs. Le Roy H.
SilverStar Associates, Inc.
Simmonds, Richard C.
Simon, Mr. and Mrs. Merrill J.
Skogerson, Mr. and Mrs. Kent E.
Smejkal, Nanette L.
Smith, Dr. and Mrs. Ron L.
2005
28
donors ConTinuedSmith, Jennifer A. Smith, Mr. and Mrs. MichaelSmith, Mr. and Mrs. Wayne B., Sr.Snyder, Mr. and Mrs. John Somersett Development Company, LLC Sommer, Linda Sons of Italy Soroptimist International of Truckee Meadows Spain, StaceySparks Chamber of Commerce Stamps, Andrew A. and Patricia LynchStocke, Mike A. Stockman, Mr. and Mrs. DonaldStoever, Theodore R.Struffert, Leigha S.Summerhill, George A., Jr.Summit Racing EquipmentSun West Bank Sundance Transport, Inc.Svensrud, Mr. and Mrs. Norman L.Sylvester, Mr. and Mrs. MichaelTaser International Taylor, Mr. and Mrs. Clifford B.Taylor, Jerie L. Tenet Healthcare FoundationTerry Lee Wells Foundation, Inc.Thomas, KateThomas P. and Thelma B., Hart Foundation
Timberline Electric
TMX, Inc.
Trachok, Richard M., II
Transplant Network
Trinchero, Lilli
TriWest Healthcare Alliance
Truckee Meadows Growth Management Task Force
Tucevich, Mr. and Mrs. Donald
United Way of Northern Nevada & the Sierra
University of Nevada, Reno
Val-U-Corp Services, Inc.
Van Alyne, Mr. and Mrs. Roger
Vanguard Charitable Endowment Program
Vidler Water Company, Inc.
Villarreal, Diana S.
Vining, Mr. and Mrs. David
Voelz, G. Douglas and Carol Ann Carroll
Walker, Mr. and Mrs. Benjamin
Walmart Stores, Inc.
Walton, Mr. and Mrs. Donald
Washoe County
Washoe County Education Foundation
Washoe High School Adult Fund
Webster, Mr. and Mrs. Jim T.
Webster, Mr. and Mrs. Ranson
Weingand, Alan
Weissman, Mr. and Mrs. Z.
Welch, Mr. Thomas H. and Lisa Jackson
Wells Fargo Bank
Wells Fargo Community Support Campaign
Wells Fargo Foundation Education Matching Gift Program
West Haven Development Group, LLC
Whipp, Roberta
Whittaker, Mr. and Mrs. Bert
Willoughby, Mr. and Mrs. Calvin E.
Wilson, Linda J.
Wilson, Richard
Winnemucca Ranch
Winter, Brad
Wirth, Robert R.
Wittmuss, Mr. and Mrs. Gary A.
Wood Rodgers, Inc.
Woods, Mr. and Mrs. Daniel J.
Yeater, Mr. and Mrs. Clifford C.
Zampirro, Mr. and Mrs. Danny
Zaro, Mr. and Mrs. Raymond D.
Zonta Club of Greater Reno
Zunino, Madeleine
Zurek, Mr. and Mrs. Ronald
2008
29
funds of THe CommuniTy foundaTion
Donor Advised Family Funds
Armstrong, Robert and Sallie, Charitable Fund
Askin, Chris and Ann, Charitable Fund
Becker, Jack and Jane, Charitable Fund
Berry Family Charitable Fund
Bertolina, Chuck, Family Fund
Bingham, David and Janet, Charitable Fund
Blanchard Family Fund
Boyd, Fred, Charitable Fund
Brec Donor Advised Fund
Charney 1996 Trust Charitable Fund
Clarke, Barbara B., Family Fund
Comcowich, Paul and Jill, Family Fund
Doyle Charitable Fund
Fennell Family Fund
Fredricksen Green Foundation
Freedom Charitable Fund
Gabriel’s Fund
Hinderks Family Foundation
James, Bruce and Nora, Family Fund
Kennedy, Brian and Nancy, Foundation
Langson, Gladys and Don, Family Fund
Langson, Jack M., Fund
Laurenson Family Fund
Levy, Terri and Gray, Charitable Fund
Liberty Foundation Fund
Lurieland Foundation Fund
Miarecki Foundation
Meyer, Michael and Theresa, Foundation
Monen Callahan, Mary Ellen, Charitable Fund
Mollath, Linton A., Charitable Fund
Muhonen Charitable Fund
NEWT Christian Fund
Nichols Family Charitable Fund
Primm, Roger B., Family Charitable Fund
Rebecca’s Fund
Satre Family Fund
Sellyei, Louis F., Foundation
Sinai, David, Charitable Fund
Smith, Ron and Linda, Donor Advised Fund
Smith, Michael and Karren, Family Fund
Stoever, Theodore R., Charitable Fund
Thiessens, Jay and Bonnie, Literacy Foundation
Trinchero, Lilli, Charitable Fund
Turner, Jeff and Tracy, Charitable Fund
Webster, Jim and Karlene, Family Fund
Webster, Ranson and Norma, Foundation
Zurek Family Charitable Fund
Moana Pool Fund
30
Funds for or by Foundations, Non-Profit Organizations, Associations, or Businesses
Brewery Arts Center Fund
Carson City Rotary Foundation Fund
Catamound Fund
Champions of the Truckee River Fund
Church of Scientology Fund
City of Reno, Charitable Foundation Fund
Coldwell Banker Plummer & Associates Charitable Fund
Family Court Judicial Benevolent Fund for Children
Fernley Assistance Fund
Friends of Washoe County Library Fund
Girl Scouts of the Sierra Nevada Fund
Great Basin Exploration Center Fund
Great Reno Balloon Race Fund
Hillside Cemetery Foundation Fund
Kidview, Inc. Foundation Fund
KNPB-Channel 5 Public TV Fund
Lady Miner’s Basketball Fund
McDonald Carano Wilson LLP Charitable Fund
Moana Pool Fund
Mustang Heritage Foundation Fund
Nevada Discovery Museum Fund
Nevada Museum of Art Fund
Nevada Opera Association Fund
Nevada Patriot Fund
Northern Nevada Women Lawyers’ Association Charitable Fund
Parks and Cultural Arts Foundation Fund
Marguerite Wattis Petersen Foundation
Reno Central Rotary Club Foundation Fund
Rotary Club of Sparks Charitable Fund
Sage Ridge School Fund
Sons of Italy Fund
Soroptimist IGU-Nepal Scholarship Fund
Soroptimist International of Truckee Meadows Fund
Terry Lee Wells Foundation
Trinchero, Lilli, Celebrate Diversity Fund
Truckee River Foundation Fund
Truckee River Fund
United Way of Northern Nevada and the Sierra Donor Advised Fund
Zonta Club of Greater Reno Charitable Fund
Endowments Designated for or by Organizations
Rotary Club of Sparks Endowment
CARE Chest Endowment
Fourth Ward School Endowment
Friends of Washoe County Library – Hubbard Endowment
Friends of Nevada Wilderness Endowment
funds ConTinued
31
Grant, Evangeline, Memorial Music Endowment
Great Basin Outdoor School Endowment
Kendall, Robert E., Fourth Ward School Endowment
KNPB Endowed Fund
Lear Theater Endowment
Lutheran Church of the Good Shepherd Endowment
Mansfield Endowment for the Benefit of the Nevada Humane Society
Melton, Marilyn R., Endowment for the Humanities
Mortensen Nevada Historical Trust Fund
Nevada EcoNet Endowment
Nevada Humane Society Endowed Fund
Nevada Humanities Committee Endowed Fund
Oser, Margaret E., Endowment Fund for Women
Reno Chamber Orchestra Endowment
Reno Philharmonic Fund
ReStart Endowment Fund
ReStart Family Shelter Endowment
Special Recreation Services, Inc. Endowment
Trinity Episcopal Church Endowment
United Way of Northern Nevada and the Sierra Endowment
YMCA of the Sierra Endowed Fund
Zonta Club of Greater Reno Endowment
Family EndowmentsBender, Frank, Charitable Endowment
D’Anconia, Ricc, Endowment
James, Bruce R., Foundation Endowment
Smith, Ron and Linda, Family Endowment
Trinchero, Lilli, Celebrate Diversity Endowment
Webster, Jim and Karlene, Family Endowment
Memorial FundsMortara, Eugene, Memorial Endowment
Finnell, Lexi, Memorial Foundation
Oren, Cookie, Memorial Endowed Fund
Scofield, Officer Mike, Memorial Endowment
Tappan, Ross, Memorial Fund
Wilbanks, Emily Jane, Memorial Endowment
Friends of Nevada Wilderness Endowment
Great Basin Outdoor School Endowment
32
Field of Interest Funds Be Instrumental Arts Fund
Youth Endowment Fund
Community Foundation FundsCommunity Endowed Fund
Community Partnership Granting Program
Giving CirclesYouth2Give Circle
Youth In Philanthropy High School Giving Circle
Trust FundsDunbar, Regina L., 2006 Revocable Trust
Leonard, Gwenevere F., C.R.U.T.
Scholarship FundsAnderson, Dora De, Endowment Scholarship Fund
Bartlett, Matt, Memorial Foundation Scholarship Fund
Becker, Jack and Jane, College Scholarship Fund
Belding, Orville, Memorial Scholarship Endowment
Boyd, William, School of Law Scholarship Fund
Depoali, Kendyl Ruth Williams, Memorial Scholarship Fund
Hispanic Heritage Day Nursing Scholarship Fund
Jones, Clarence “CJ”, Memorial Scholarship
Karraker, William, Scholarship Endowment
Mollath, Linton A., Family Scholarship
Nevada Veterinary Medical Association Scholarship Fund
Northern Nevada Women Lawyers’ Association Scholarship Fund
Read With Me Scholarship Endowment Fund
Reno Pops Orchestra Scholarship Endowment
Satre, Philip & Jennifer, Harrah’s Employees Scholarship Fund
Joseph Scafidi Pound-for-Pound Award
Daniel Scafidi Greater Nevada Male Athlete of the Year Award
Snyder, Nicole, Memorial Scholarship Fund
Wilbanks, Emily Jane, Memorial Scholarship Fund
Williams, Claudine, Harrah’s Las Vegas Employees Scholarship Fund
Zonta of Greater Reno Scholarship Fund
Joseph and Daniel ScafidiKendyl Depoali
33
organizaTions THaT reCeiVed granTs from funds of THe CommuniTy foundaTion of wesTern neVada in 2007Adington Eye Center*
Advanced Health*
Alhambra High School
ALS Association, San Francisco
Alzheimer’s Association
American Heart Association
American Liver Foundation
American Lung Association of Nevada
American Red Cross, Northern Nevada Chapter
American Red Cross, Sacramento Sierra Chapter
Angel Kiss Foundation, Inc.
Animal Ark
Anti Defamation League
Arnaldo F. Trabucco, M.D.*
Artown
Associated Anesthesiologists of Reno*
Associated Gynecology*
Athletic Association, University of Nevada
AYSO Carson City
Best Friends Animal Society
Big Brothers Big Sisters of Nevada
Bishop Manogue High School
Bob Van Landingham Memorial Scholarship
Boy Scouts of America Nevada Area Council
Boys and Girls Club of Truckee Meadows
Boys and Girls Club of Western Nevada
Bridge Center
Camp Care Nevada
CARE Chest of Sierra Nevada
Carmelite Monastery of Reno
Carson High School
CASA (Court Appointed Special Advocate Program)
Castilleja School Foundation
Catamount Fund
Catholic Community Services
Central Lyon Youth Connection
Central Minnesota Community Foundation
Champions of the Truckee River
Children’s Cabinet, Inc.
Church at Seven Hills
Church of Jesus Christ of Latter-Day Saints
Church of Scientology Mission of Santa Monica
Church of Scientology Sierra Nevada Mission
Best Friends Animal Society
34
Church of Scientology, Flag Service Organization
Churchill County - Juvenile Probation**
Circle’s Edge Religious Science Church
City of Reno
Coach Art
Coeur d’Alene High School PTA
Committee to Aid Abused Women
Community Cabinet
Community Services Agency and Development Corp.
Congregation Beth Israel
Congregation Temple Emanu-El
Crisis Call Center
David Cox Elementary School
Desert Classic Charities
Dirne Community Health Clinic
Disability Resources
Dolce Salon and Day Spa*
Dr. David B. Chaffin*
Dr. Rick Winkleman*
Eagle Valley Middle School
Echo Loder Elementary School
Family Eye Care Associates*
Family Support Council of Douglas County
Field Museum
Food Bank of Northern Nevada
Food for Thought
Friends of the Clark County Public Library
Friends of Washoe County Library
Gastroenterology Consultants*
Gathering Genius, Inc.
Girl Scouts of the Sierra Nevada
Grace Cathedral
Great Basin Institute
Great Basin Outdoor School
Great Reno Balloon Race
Greg Pisani, D.D.S.*
Guide Dogs for the Blind
H.E.L.P. Animals, Inc.
Habitat for Humanity - Orange County Chapter
Hamlin School
Hayden Meadows Elementary School PTA
Heifer Project International
Historic Fourth Ward School Foundation
Holland Project Reno
Horses for the Spirit
House of Blue Hope
Hug High School
Independent Institute, Inc.
Integrative Therapeutic Massage*
Joseph McMullen, D.D.S.*
Junior Achievement of Northern Nevada
Keaton Raphael Memorial Fund
Keep Memory Alive Foundation for Lou Ruvo Alz
Keep Truckee Meadows Beautiful
Kevin Kleine, M.D.*
KNPB - Channel 5
organizaTions THaT reCeiVed granTs ConT.
Habitat for Humanity
35
KUNR FM 88.7
La Jolla Community Church
LabCorp*
League to Save Lake Tahoe
Let ‘Em Run Foundation
Leukemia & Lymphoma Society
Libby Booth Elementary School
Lifeblood
Loyalton High School Booster Club
Lucille Packard Children’s Fund
Lutheran Church of the Good Shepherd
Make a Wish Foundation
Marine Corps Base
Masonic Charities of Nevada, Inc.
McQueen High School
Medschool Associates - North*
Mental Health Medical Associates*
Miss Reno-Sparks and Miss University of Nevada
Mont Pelerin Society
Monterey Bay Aquarium
Motor Racing Outreach
Mountain View Dental*
Northern Nevada Women Lawyers’ Association
Nancy Podewills, MSW, LCSW*
Napa Valley Wine Auction
National Automobile Museum
National Breast Cancer Coalition Fund
National D-Day Museum
National Multiple Sclerosis Society
Neurodevelopmental Neurodiagnostics*
Nevada Cancer Institute
Nevada Diabetes Association
Nevada Discovery Museum
Nevada Hispanic Services
Nevada Hispanic Services, Inc. – Carson City
Nevada Historical Society
Nevada Humane Society, Inc.
Nevada Humanities Committee
Nevada Land Conservancy
Nevada Museum of Art
Nevada Network Against Domestic Violence
Nevada Orthopaedics and Rehabilitation*
Nevada Partnership for Homeless Youth
Nevada Patriot Fund
Nevada Policy Research Institute
Nevada Rock Art Foundation
Nevada Women’s Fund
Newport Harbor Educational Foundation
Newport Heights Elementary School Foundation
Noah’s Wish - Animal Rescue
Northern Nevada Foundation
Northern Nevada H.O.P.E.S. Pharmacy*
Horses for the Spirit
36
Northern Nevada RAVE Family Foundation - NNRF
OB-GYN Associates*
Olsen & Associates
Orthodox Christian Mission Center
Pioneer Center for the Performing Arts
Planned Parenthood Mar Monte
Pleasant Valley Elementary School
Plumas Volleyball Club
Pond Elementary School
Pyramid Lake Paiute Tribe
Quest Counseling and Consulting, Inc.
Rainshadow Community Charter High School
Reno American Little League
Reno Catholic Club – Young Life Camp **
Reno Chamber Orchestra
Reno Eye Clinic*
Reno Firefighters Community Assistance
Reno Foot Doctor*
Reno Heart Physicians*
Reno Open Air M.R.I.*
Reno Orthopaedic Clinic, Inc.*
Reno Philharmonic Association
Reno Radiological Associates Chtd*
Reno Rotary Foundation
Reno Sparks Gospel Mission
Renown Health*
Renown Health Foundation
ReStart, Inc.
Ridge House
Rochester Institute of Technology
Rock Church
Ronald McDonald House Charities, Northern Nevada
Rotary Club of Wichita Kansas
Sage Ridge School
Saint Mary’s Eye Institute*
Saint Mary’s Foundation
Salvation Army
Santa Clara University
Sears Optical**
Seeliger Elementary School
Sempervirens Fund
Sierra Anesthesia, Inc.*
Sierra Arts Foundation
Sierra Bible Church
Sierra Chiropractic*
Sierra Nevada Community Sailing
Sierra Nevada Nephrology Consultants*
Sierra Pulmonary and Sleep Consultants*
Sierra Youth Football League
Skin Cancer & Dermatology Institute*
Soroptimist International of Truckee Meadows
South Meadows Endoscopy Center*
South Reno United Methodist Church
Southern Utah University
organizaTions THaT reCeiVed granTs ConT.
Artown
37
Sparks High School
St. Andrew’s Presbyterian Church
St. Jude Children’s Research Hospital
St. Vincents Dining Room
Step 2
Susan G. Komen Race for the Cure Northern Nevada
Tahoe Douglas Youth and Family Services
Tahoe Regional Planning Agency
Target**
Temple Emanu-El
That Man May See, Inc.
Think Together
Thunderbird Lodge Preservation Society
TMCC Re-Entry Center
Transplant Network
Trinity Episcopal Church
Truckee Donner Land Trust
Truckee Meadows Habitat for Humanity
Truckee River Foundation
U.C. Davis
United Negro College Fund
United Way of Northern Nevada & the Sierra
University of Nevada, Reno - Athletics Dept.
University of Nevada, Reno - College of Engineering
University of Nevada, Reno Foundation
University of Southern California
Urology Institute*
Veteran’s Guest House, Inc.
Veterans of Foreign Wars
Veterans of Foreign Wars of the U.S. Post 381
Victoria Wallington, L.M.T.*
VSA Arts of Nevada
W.A.I.F. - Wild Animal Infirmary of Nevada
Walmart**
Washoe County Children’s Mental Health Consortium
Washoe County Dept. of Juvenile Services**
Washoe County Dept. of Water Resources
Washoe County Education Foundation
Washoe County Library Systems
Washoe County School District
Washoe County School District Police Department
Washoe Legal Services
Wesley W. Hall, Jr., M.D.*
Western Folklife Center
Western Nevada Community College
Western Pathology Consultants*
White Pine County Library
Wild Island Family Adventure Park**
Wooster High School - Football Program
Youth ArtWorks
* Medical professionals paid by the Access to Health Care Fund for health services performed for low-income clients.
** Goods and services such as retail gift cards for clothes and school supplies, a graduation swim party and camp registrations were pur-chased by the Family Court Judicial Benevolent Fund for Children
*** Grants were given to families of fallen Nevada soldiers by the Nevada Patriot Fund. Families’ privacy is respected and names are not published.
Reno Chamber Orchestra
Pho
to: T
her
esa
Dan
a-D
ou
gla
s
38
CommuniTy parTnersHip granT program
Our Business is Building Community
Inaugurated in June 2007 The Community Partnership Grant program granted nearly $240,000
to 25 nonprofit organizations from northern Nevada for capacity building grants.
The Community Partnership Grant program is funded by contributions from Community Foundation fund-holders who agreed to direct a portion of their funds’ earnings to the program. In addition, a significant donation was made by the Ronald L. Olson Foundation and gifts were added through direct grants from several fund holders.
The Community Foundation works to strengthen all of our region’s nonprofit organizations. By focusing on capacity building grants all public service agencies, whether they are working to protect our open space, shelter and feed the homeless, educate our children or expose our citizens to artistic and cultural opportunities, can benefit from this grant program. The capacity building grants are divided into three categories:
1. Endowment Building and Planning
2. Technological Improvements
3. Professional Development for Key Management Positions
Organizations were invited to apply for a grant in the one category that will most help them serve the public good.
Our partners have placed their trust in the Community Foundation to strengthen the nonprofit community in a manner that is not possible by an individual gift or fund. We honor that trust.
The 2008 grants will be announced at the Annual Meeting.
2007 CPG grant winners
39
organization Grant Use Alzheimer’s Association for Northern California Technology – new computer, LCD projector and screens and Northern Nevada .............................................................to present education and peer support programsArtown .........................................................................................Professional developmentBig Brothers Big Sisters of Northern Nevada .............................Professional developmentBoys and Girls Club of Truckee Meadows ..................................Technology – 15 new computersBoys and Girls Club of Western Nevada ....................................Endowment building plan and trainingCARE Chest of Sierra Nevada ......................................................Technology, new computers, software and office machinesChildren’s Cabinet .......................................................................Technology – new case management systemCommunity Chest ........................................................................Endowment building campaignCrisis Call Center ..........................................................................Technology – new computers and printersFamily Support Council of Douglas County ...............................Technology – new filing systemFood Bank of Northern Nevada .................................................Endowment building trainingNevada Diabetes Association for Children and Adults Technology ..................................................................Customized softwareNevada Hispanic Services of Carson City ....................................Technology – bilingual computer labNevada Land Conservancy ..........................................................Endowment building – a strategic planning programNevada Museum of Art ...............................................................Technology – Donor research servicesNevada Network Against Domestic Violence ............................Professional development to develop next generation of leaders in the Domestic Violence movementNevada Rock Art ..........................................................................Technology – new computer and softwareNorthern Nevada RAVE Family Foundation ..............................Technology – new computer and softwareReStart .........................................................................................Technology – new computer softwareRidge House .................................................................................Technology – new billing and scheduling softwareSierra Arts Foundation ................................................................Technology – to create a master art calendar and websiteSpecial Recreation Services .........................................................Professional development, Tuition for the UNR Nonprofit Management Institute, American Sign Language classes, and certification for therapeutic camp directorsTahoe Douglas Youth and Family Services .................................Technology – new computers and equipmentWashoe Legal Services ................................................................Technology – office machines and computersWhite Pine County Library ..........................................................Technology – 2 new computers and workstation software for youth at the Library
2007 granTs
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53 new sTudenTs will be aTTending sCHools aCross THe naTion and Here aT Home wiTH Help from CommuniTy foundaTion sCHolarsHip funds
Brandon CarrClaudine Williams
Harrah’s Las Vegas Employee Scholarship
Matthew CatesPhil and Jennifer Satre
Harrah’s Employee Scholarship
Milagro ExpositoClaudine Williams
Harrah’s Las Vegas Employee Scholarship
Diana HaClaudine Williams
Harrah’s Las Vegas Employee Scholarship
Jenny HaClaudine Williams
Harrah’s Las Vegas Employee Scholarship
Shaili JhaPhil and Jennifer Satre
Harrah’s Employee Scholarship
Allie HughesThe Nicole Snyder
Memorial Girl’s Sports Scholarship
Trea LaCroixClaudine Williams
Harrah’s Las Vegas Employee Scholarship
Christina McCartyClaudine Williams
Harrah’s Las Vegas Employee Scholarship
Michael MerkhPhil and Jennifer Satre
Harrah’s Employee Scholarship
April PerkinsZonta Club of Greater Reno
Memorial Scholarship
Troy ShieldsThe Nicole Snyder Memorial Boy’s
Sports Scholarship
Sara Carlson
Matt Bartlett Memorial Scho
larship
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The Matt Bartlett Memorial Scholarship
Established to honor the memory of Matt Bartlett by providing a college scholarship to a graduate of Reno High School who exhibits a zest for art, music, and the outdoors.
2008 Recipient:Sara Carlson
Jack and Jane Becker Memorial College Scholarship FundCreated by Kim Becker in honor of her parents. Scholarships are awarded to support:
n Graduates from Nevada High Schools attending University of Nevada School of Medicine
n Native American Nevadans Attending the University of Nevada School of Medicine
2008 Recipients:Jennifer Horsley
Kevin Gamett
Lawrence “CJ” Jones Memorial Scholarship for the Regional Technical InstituteEstablished to support graduates from the Regional Technical Institute in their endeavors to obtain a techni-cal certificate or degree from Truckee Meadows Community College.
2008 Recipients: Jasmine Dulgar
Teresa Reyna
Hispanic Heritage Day Nursing Scholarship FundEstablished to encourage young women of Hispanic heritage to enroll in Truckee Meadows Community College or University of Nevada, Reno as Nursing majors.
2008 Recipients: Melyssa Gelles attending University of Nevada, Reno
Tracey Rodriguez attending University of Nevada, Reno
Cristina Bedolla attending Truckee Meadows Community College
William Karraker Memorial Scholarship To provide an educational award to the recipient of the William Karraker Youth Award, as presented annually by the Stockton Civic Theater.
2007 Recipient: Meredith Pratt
Matt Bartlett
We don’t accomplish anything in this world alone... whatever happens is the result of the full tapestry of life and the weavings of individual threads from one to another that creates something.
— Sandra Day O’Connor
“
”
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Linton Mollath Family College and Vocational School Scholarships Established by the Mollath family to provide support for graduates of Quincy High School to attend the university or vocational school of their choice.
2008 Recipients:Cody T. Froggatt from Quincy High School to University of Nevada Reno
Nevada Veterinary Medical Association Scholarship Fund A scholarship fund to support out- standing students in their 3rd and 4th year at Veterinary schools throughout the United States.
2008 Recipients: Amanda Ciliax to Washington State University
Schyler Hiibel to Colorado State University
Read With Me Scholarship Fund This scholarship encourages par-ents to read with their children and pays full tuition for one year of approved preschools for children with financial need and an aptitude for reading.
Phil and Jennifer Satre Harrah’s Employee ScholarshipA scholarship fund designated to support the education goals of the children of Harrah’s Entertainment Inc. employees throughout the United States, especially children of tip and wage earners, who are college bound high school seniors. This is a continuing 4 year scholar-ship to qualified students.
2008 Recipients: Matthew J. Cates from Excelsior Springs, MO to Kansas University.
Cho Y Chong from Sparks, NV to University of Nevada, Reno
Ria Daniels from Las Vegas, NV to UCLA
Niki L. Howard from Tinley Park, IL to Illinois State
Shaili C. Jha from Galloway, NJ to Rutgers University
Kevin G. McClain from Northfield, NJ to Boston College
Michael C. Merkh from Egg Harbor Township, NJ to William Patterson University
Rishabh D. Parikh from Galloway, NJ to Amherst College
Brian R. Petty from Omaha, NE to University of Nebraska
Robert C. Sibley from Shreveport, LA to Texas A & M
Greater Nevada Male Athlete of the Year Award The recipient of the Daniel Scafidi Greater Nevada Male Athlete of the Year Award is selected based on his strength of character and commit-ment to his team(s). The committee that selects the recipients is inter-ested most in rewarding nominees who are committed to the success of their teammates rather than their personal success.
2008 Recipient:Kelton Hall from Reno to University of Nevada, Reno
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The Joseph Scafidi, Pound-for-Pound AwardThe recipient of the Joseph Scafidi Pound-for-Pound Award is selected based on strength of character and commitment to the team. This award is open to both male and female athletes. The committee that selects the recipients is interested most in re-warding nominees who are commit-ted to the success of their teammates rather than their personal success.
2008 Recipient:Sara Rooker from Reno to Sierra College, Rocklin CA
The Nicole Snyder Memorial Boy’s Sports Scholarship Open to Douglas High School gradu-ates in the 2007-2008 academic year who excelled in a varsity sport and are pursuing university, college, com-munity college, trade school, technical or vocational training, or other post-secondary education programs.
2008 Recipient:Troy Shields from Douglas High School to University of Nevada, Reno
The Nicole Snyder Memorial Girl’s Sports ScholarshipOpen to Douglas High School gradu-ates in the 2007-2008 academic year who were active in a varsity sport and who are pursuing university, college, community college, trade school, technical or vocational train-ing, or other post-secondary educa-tion programs.
2008 Recipient: Allie Hughes from Douglas High School to University of Nevada, Reno
The Nicole Snyder Memorial Softball ScholarshipOpen to Douglas High School grad-uates who participated in varsity softball in the 2007-2008 academic year and who are pursuing univer-sity, college, community college, trade school, technical or vocational training, or other post-secondary education programs.
2008 Recipient:Lauren Hoppe from Douglas High School to College of Idaho
Claudine Williams Harrah’s Las Vegas Employee ScholarshipA scholarship fund designated to support the education goals of the children of Harrah’s Las Vegas employees, especially children of tip and wage earners, who are col-lege bound high school seniors or are already attending college. This is a continuing 4 year scholarship to qualified students.
2008 Recipients:Charmaine Bradley from Las Vegas to College of Southern Nevada
Jose Caceros from Las Vegas to University of Nevada, Las Vegas
Nicole Snyder
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Claudine Williams Harrah’s Las Vegas Employee Scholarship cont.2008 Recipients cont.Brandon Carr from North Las Vegas to University of Nevada, Las Vegas
Milagro Exposito from Las Vegas to University of Nevada, Las Vegas
Feven Girmay from Las Vegas to UCLA
Jenny Ha from Las Vegas to College of Southern Nevada
Diana Ha from Las Vegas to University of Nevada, Las Vegas
Mauricio Hurtado from Las Vegas to Colegio La Salle
Trea LaCroix from Las Vegas to University of Nevada, Reno
Timothy Lee from Las Vegas to University of Nevada, Las Vegas
Gina Lee from Henderson to Cal State University of Sacramento
Frances Marshall from Las Vegas to Whittier College
Christina McCarty from Mobile AL to University of South Alabama
Kristina Noel from North Las Vegas to Grambling State University
Ines Rosas from North Las Vegas to University of California, Berkeley
Brett Sebastian from Las Vegas to University of Nevada, Las Vegas
Gordon Tam from Las Vegas to University of Nevada, Las Vegas
Emily Jane Wilbanks Memorial Scholarship Established to support girls’ leader-ship with athletic and college schol-arships for senior class girls from Loyalton and Portola High School.
2008 Recipients: Portola High School:
Josephina Campbell to College of the Redwoods
Tyanna Housel to CSU Monterey Bay
Loyalton High School:
Kaitlin Smith to University of Chicago
Zonta Young Women in Public Affairs Award This is a scholarship for young wom-en ages 16 to 20 who have devoted time and energy to Public Service and plan to make a career in public affairs.
2008 Recipient:Vanessa Anderson from Sparks to Gonzaga University
Zonta Club of Greater Reno Memorial ScholarshipTo support educational goals of women re-entering higher educa-tion and the work force through the TMCC Re-Entry Program.
2008 Recipients:Jenny Malone, enrolled in Truckee Meadows Community College Dental Hygiene Program
April Perkins, to pursue a degree in radiology at Truckee Meadows Community
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Independent Auditor’s ReportBoard of DirectorsCommunity Foundation of Western Nevada, Incorporated and Subsidiaries
We have audited the accompanying consolidated state-ments of financial position of Community Foundation of Western Nevada, Incorporated (a nonprofit organization) and Subsidiaries, as of December 31, 2007 and December 31, 2006, and the related consolidated statements of activi-ties and cash flows for the years then ended. These state-ments are the responsibility of the Foundation’s manage-ment. Our responsibility is to express an opinion on these statements based on our audit.
We conducted our audit in accordance with auditing stan-dards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit in-cludes consideration of internal control over financial re-porting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the compa-ny’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes exam-ining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and sig-nificant estimates made by management, as well as evaluat-ing the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the consolidated financial statements re-ferred to above present fairly, in all material respects, the financial position of Community Foundation of Western Nevada, Incorporated and Subsidiaries, as of December 31, 2007 and December 31, 2006, and the results of their activities and their cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
Reno, NevadaJune 4, 2008
46
2007 2006Assets
Cash and cash equivalents $ 5,090,061 $ 2,520,441 Investments 40,840,124 28,084,898 Other assets 3,181 545 Contributions receivable 1,000,000 5,411,629 Pledges receivable 1,093,970 11,325 Property and equipment, net 2,228,631 2,235,638
Total Assets 50,255,967 38,264,476
LiabilitiesAccounts payable 19,359 21,747 Pledges payable 4,533,471 2,964,123 Funds held for others 5,197,847 3,019,093 Accrued liabilities - 1,311
Total Liabilities 9,750,677 6,006,274
Net AssetsUnrestricted 30,214,830 21,746,176 Temporarily restricted 8,194,826 9,422,351 Permanently restricted 2,095,634 1,089,675
Total Net Assets 40,505,290 32,258,202 Total Liabilities and Net Assets $ 50,255,967 $ 38,264,476
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIESConsolidated Statements of Financial Position
December 31, 2007 and 2006
The attached auditor's report and notes should be read with the financial statements.
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47
Temporarily PermanentlyUnrestricted Restricted Restricted Total
Public support and revenues Contributions 8,890,256$ 4,070,333$ 1,005,271$ 13,965,860$ Rental income 152,494 - - 152,494 Investment income, net 2,074,098 529,366 2,057 2,605,521 Change in the value of split-interest trusts - 19,287 (1,369) 17,918 Miscellaneous income 52,465 - 52,465 Total public support and revenue 11,169,313 4,618,986 1,005,959 16,794,258 Net assets released from restrictions 5,846,511 (5,846,511) - -
Total public support, revenue, and transfers 17,015,824 (1,227,525) 1,005,959 16,794,258
Expenses Program services and grants 8,155,851 8,155,851 Rental expenses 70,259 70,259 General and administrative 298,206 298,206 Fund raising 22,854 22,854
Total expenses 8,547,170 - - 8,547,170
INCREASE (DECREASE) IN NET ASSETS 8,468,654 (1,227,525) 1,005,959 8,247,088
Net assets at beginning of year 21,746,176 9,422,351 1,089,675 32,258,202
Net assets at end of year 30,214,830$ 8,194,826$ 2,095,634$ 40,505,290$
Consolidated Statement of ActivitiesFor the Year Ended December 31, 2007
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIES
The attached auditor's report and notes should be read with the financial statements.
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48
Temporarily PermanentlyUnrestricted Restricted Restricted Total
Public support and revenues Contributions 6,654,601$ 6,833,134$ 372,930$ 13,860,665$ Rental income 271,908 - - 271,908 Investment income, net 2,251,030 588,536 5,224 2,844,790 Change in the value of split-interest trusts - (3,774) (2,158) (5,932) Miscellaneous income 37,598 1,599 - 39,197 Total public support and revenue 9,215,137 7,419,495 375,996 17,010,628 Net assets released from restrictions 2,125,221 (2,155,769) 30,548 -
Total public support, revenue, and transfers 11,340,358 5,263,726 406,544 17,010,628 Expenses Program services and grants 8,065,379 8,065,379 Rental expenses 104,123 104,123 General and administrative 225,632 225,632 Fund raising 20,029 20,029
Total expenses 8,415,163 - - 8,415,163
INCREASE IN NET ASSETS 2,925,195 5,263,726 406,544 8,595,465
Net assets at beginning of year 18,820,981 4,158,625 683,131 23,662,737
Net assets at end of year 21,746,176$ 9,422,351$ 1,089,675$ 32,258,202$
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIESConsolidated Statement of Activities
For the Year Ended December 31, 2006
The attached auditor's report and notes should be read with the financial statements.
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49
2007 2006Cash flows from operating activities:
Cash received from contributions and rent $ 8,831,376 $ 3,285,178 Cash paid for gifts and grants (7,377,124) (8,328,394) Cash received from investments 1,980,811 5,990,600 Cash received for fund administration 52,465 39,197 Cash paid for expenses (394,502) (306,992)
Net cash provided by operating activities 3,093,026 679,589
Cash flows from investing activities:Payments for purchase of property and equipment (67,296) (6,562) Payments for purchase of investments (16,474,308) (16,394,932) Cash received from sale of investments 16,018,198 13,637,956
Net cash (used in) investing activities (523,406) (2,763,538)
Cash flows from financing activities:Payments made on note payable - (380,184)
Net (Decrease) Increase in Cash and Cash Equivalents 2,569,620 (2,464,133)
Cash and cash equivalents at beginning of year 2,520,441 4,984,574
Cash and cash equivalents at end of year $ 5,090,061 $ 2,520,441
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIESConsolidated Statement of Cash Flows
For the Year Ended December 31, 2007 and 2006
The attached auditor's report and notes should be read with the financial statements.
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50
2007 2006Reconciliation of increase in Net Assets to
net cash provided by operating activities:Increase in net assets $ 8,247,088 $ 8,595,465 Adjustments to reconcile increase in net assets
net cash provided by operating activities:Depreciation 74,697 72,975 Noncash contributions (9,053,741) (6,095,532) Net realized and unrealized loss (gain) on investments (928,110) 2,844,790 Change in:
Other Assets (2,636) - Pledges receivable 1,011,325 (5,406,229) Funds held for others 2,178,754 543,802 Accounts payable, grants payable,
and accrued liabilities 1,565,649 124,318 Net Cash Provided by Operating Activities $ 3,093,026 $ 679,589
Supplemental disclosures:Noncash investing activities:
Collection of pledge receivables by invesments $ 2,317,659 $ - Office equipment $ 394 $ 2,905
Cash paid for interest $ 1,418 $ 13,097
COMMUNITY FOUNDATION OF WESTERN NEVADA, INCORPORATED AND SUBSIDIARIESConsolidated Statements of Cash Flows
For the Year Ended December 31, 2007 and 2006
The attached auditor's report and notes should be read with the financial statements.
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NoTE a – NaTURE oF aCTIVITIES aND SUMMaRY oF SIGNIFICaNT aCCoUNTING PolICIESA summary of the Foundation’s activities and significant accounting policies consistently applied in the preparation of the accompanying financial statements follows.
1 Nature of activities Community Foundation of Western Nevada, Incorporated and Subsidiaries, is organized as a non-
profit corporation under the laws of the State of Nevada to compliment and enhance the existing philanthrophic efforts of nonprofit organizations located in, or with a connection to, Western Nevada.
During 2000, the Foundation received a contribution of a limited liability company, CFX LLC. This wholly-owned subsidiary has partial ownership of three separate leaseholds. The leaseholds are buildings leased out to grocery stores in Colorado, Oklahoma, and Tennessee. In 2006, the debt on the buildings was paid off.
During 2003, the Foundation established Community Foundation California Property, LLC (CFCP, LLC). This wholly-owned subsidiary was created for the purpose of receiving donated property.
2 Principles of Consolidation The consolidated financial statements include the accounts of the Foundation and its wholly-
owned subsidiaries, CFX, LLC and CFCP, LLC. All material intercompany accounts and transactions have been eliminated.
3 Classification of Net assets Statement of Financial Accounting Standards (SFAS) No. 117, Financial Statements of Not-for-Prof-
it Organizations, requires the Foundation to report information regarding its financial position and activities in three classes of net assets: unrestricted, temporarily restricted, and permanently restricted, based upon the existence or absence of donor-imposed restrictions.
The Articles of Incorporation of the Foundation include a variance provision giving the Board of Trustees (the Board) the power to modify any restriction or condition placed on gifts to the Foundation if, in its sole judgment, the Board determined that the restriction becomes, in effect, incapable of fulfillment or inconsistent with the charitable needs of the community. The Founda-tion’s governing documents further provide that, absent contrary directions given in the transfer-ring instrument regarding the use of the principal, all or part of the principal of any fund may be used subject to certain conditions, including approval of the Board and trustee holding each fund. Accordingly, such contributions are reported as unrestricted net assets.
Net assets subject to donor-imposed restrictions that will be met either by actions of the Founda-tion or the passage of time are designated as temporarily restricted. The Foundation’s temporarily restricted net assets are primarily composed of contributions received for scholarships and specific areas of interest.
Permanently restricted net assets are subject to donor-imposed restrictions that will be main-tained in perpetuity. The investment income generated by these assets is available for general support of the Foundation’s programs and operations.
4 Cash Equivalents For financial reporting purposes, the Foundation considers all money market and highly liquid
debt instruments purchased with a maturity of three months or less to be cash equivalents.
5 Investments Investments in debt securities and equity securities with readily determinable market values are
recorded at fair value. The fair value of investments in securities traded on national securities exchanges is valued at the closing price on the last day of the fiscal year; securities traded on the over-the-counter market are valued at the last reported bid price. Real estate investments are recorded at fair value determined by periodic appraisals which are obtained as deemed necessary based upon economic conditions and management discretion. The fair value of other investments in hedge funds for which quoted market prices are not available, are determined by management with the assistance of third-party investment managers in good faith using methods it considers appropriate. Securities are generally held in custodial investment accounts administered by cer-tain financial institutions.
Investment purchases and sales are accounted for on a trade-date basis. Realized gains and losses are calculated on the underlying fair value of individual lots. Interest income is recorded when earned and dividends are recorded on the ex-dividend date.
Investments are made according to the Investment Objectives and Policies adopted by the Founda-tion’s Board. These guidelines provide for investment in equities, fixed income, and other securi-ties with performance measured against appropriate indices. The Board contracts outside parties to provide investment management and consulting.
Notes to Financial StatementsDecember 31, 2007 and 2006
In general, investment securities are exposed to various risks such as interest rate, credit, and over-all market volatility. Due to the level of risk associated with certain long-term investments, it is reasonably possible that changes in the values of these investments will occur in the near term and that such changes could materially affect the amounts reported in the consolidated statements of financial position.
6 Property and Equipment Purchased property and equipment are recorded at cost. Contributed property and equipment
are recorded at fair value at the date of donation. Depreciation is provided using the straight-line method over the estimated useful lives of the assets of three to thirty-nine years.
The Foundation evaluates the recoverability of its long-lived assets in accordance with the provi-sions of Statement of Financial Accounting Standards (SFAS) 144, Accounting for the Impairment or Disposal of Long-Lived Assets. SFAS 144 requires recognition of impairment of long lived assets in the event that the net book value of such assets exceeds the future undiscounted cash flows attributable to such assets. Accordingly, the Foundation evaluates asset recoverability at each bal-ance sheet date or when an event occurs that may impair recoverability of the asset.
7 Functional Expenses The costs of providing the various programs and other activities of the Foundation have been sum-
marized on a functional basis in the Statement of Activities. Accordingly, certain costs have been allocated among the programs and supporting services benefited.
8 Income Taxes The Foundation is a nonprofit corporation exempt from federal income taxes under the provisions
of Internal Revenue Code Section 501(c)(3); therefore, no provision for income tax is provided. The Foundation has been classified as an organization that is not a private foundation and has been designated as a publicly-supported organization.
9 Contributions Contributions are recognized when the donor makes a promise to give to the Foundation that
is, in substance, unconditional. Contributions received are recorded as unrestricted, temporarily restricted, or permanently restricted support, depending on the existence and/or nature of any donor restrictions.
Contributed property and equipment are recorded at fair value at the date of donation. If donors stipulate how long the assets must be used, the contributions are recorded as restricted support. In the absence of such stipulations, contributions of property and equipment are recorded as unrestricted support.
Contributed securities are recorded at fair value at the date of donation.
10 Cash and Money Market Balances The Foundation maintains cash and money market balances in financial institutions which may,
at times, exceed federally insured limits. The Foundation has not experienced any losses in these accounts and does not believe it is exposed to any significant credit risk on cash funds.
11 Use of Estimates In preparing financial statements in conformity with generally accepted accounting principles,
management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
12 Grants Grants are made from available principal and income in accordance with the designations of
donors. Grants are recorded at the date of approval by the Board or when a donor-advised grant award is communicated to the grantee.
NoTE B – INVESTMENTSInvestments consist of the following at December 31: 2007 2006 Mutual fund $ 23,424,625 $ 18,766,042 Equity securities 13,346,734 7,237,898 Corporate bonds 1,768,598 1,628,475 Governmental agencies 2,254,558 277,001 Certificates of deposit - 129,873 Life insurance policy 37,608 37,608 Violin 8,000 8,000 Mineral rights 1 1 $ 40,840,124 $ 28,084,898
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NoTE B – INVESTMENTS (CoNTINUED)Investment income consists of the following for the years ended December 31:
2007 2006 Interest and dividends $ 1,677,411 $ 1,249,725 Net realized and unrealized gains 928,110 1,595,065 $ 2,605,521 $ 2,844,790
NoTE C – PRoPERTY aND EQUIPMENTProperty and equipment consist of the following at December 31:
2007 2006 Software $ 30,619 $ 16,119 Office equipment 36,535 36,141 Rental property (see Note I) 2,706,796 2,654,000 Less: accumulated depreciation (545,319) (470,622) $ 2,228,631 $ 2,235,638
NoTE D – TRaNSaCTIoNS IN FUNDS HElD FoR aGENCIESFinancial activities related to agency funds are recorded as adjustments to the funds held for agencies’ liabilities and, therefore, is not included in the consolidated statements of activities. The agency fund transactions are summarized below.
2007 2006 Additions Contributions $ 2,755,438 $ 654,366 Investment returns 285,482 306,952 Transfers in/(out), net - (6) Total Additions 3,040,920 961,312 Deductions Grant distributions 790,621 378,985 Investment expenses 71,545 38,525 Change in balance 2,178,754 543,802 Funds held for agencies, beginning of year 3,019,093 2,475,291 Funds held for agencies, end of year $ 5,197,847 $ 3,019,093
NoTE E – RESTRICTED NET aSSETSTemporarily restricted net assets are to be held available for the following purposes as of December 31: 2007 2006 Charitable and educational purposes $ 281,594 $ 284,189 Named – Organization Fund 3,396,289 5,131,072 Special purpose 57,932 52,946 Scholarship 2,596,414 2,420,356 Income on endowment funds 97,647 52,550 Areas of interest 1,764,950 1,481,238 $ 8,194,826 $ 9,422,351
Permanently restricted net assets are to be held for the following purposes as of December 31: 2007 2006 Foundation operations – future years $ 10,000 $ 10,000 Advised funds 235,776 214,206 Named – Organization Fund 743,482 500,444 Areas of interest 1,106,376 365,025 $ 2,095,634 $ 1,089,675
NoTE F – RElaTED PaRTIESContributions received from members of the Board for the years ended December 31, 2007 and 2006, were approximately 43% and 12%, respectively.
NoTE G – PlEDGES RECEIVaBlEPledges receivable represent promises to give by various organizations and individuals. Following are amounts scheduled for collection:
2007 2006 Due in one year $ 1,093,970 $ 5,475 Due in two to five years - 5,850 $ 1,093,970 $ 11,325
No allowance for uncollectible receivables is deemed necessary on the above pledges at December 31, 2007 and 2006.
NoTE H – PlEDGES PaYaBlEPledges payable represent promises to give. For 2006, grants payable of $26,620 and pledges payable of $2,937,503 have been combined and shown as pledges payable. Following are amounts scheduled to be paid: 2007 2006 Due in one year $ 1,797,927 $ 891,078 Due in two to five years 2,735,544 2,073,045 $ 4,533,471 $ 2,964,123
NoTE I – RENTal PRoPERTYDuring 2000, the Foundation received a contribution of a limited liability company, CFX LLC. This con-tributed limited liability company has partial ownership of three separate leaseholds. The leaseholds consist of debt- financed buildings located on land leased from a third party. The buildings are then subleased to grocery stores. During 2006, the Foundation reported an additional $84,085 in contribu-tions to CFX LLC.
The respective ownership interest in each of the properties has been consolidated into the books of the Foundation and has been included in property and equipment in the Consolidated Statement of Financial Position (see Note B).
In 2006, the long-term debt related to the Foundation’s ownership interest in the property was paid in full. The note was dated January 31, 1994, payable in monthly installments of $21,717, included inter-est at 7.625%, and matured on December 31, 2006 with a balloon payment of $263,364.
The rental buildings are located on land under ground leases expiring on December 1, 2021. The leases provide for renewal of five consecutively extended terms of five years each. The minimum rental com-mitments under the ground leases are:
Years ending December 31,
2008 $ 29,406 2009 29,406 2010 29,406 2011 29,406 2012 29,406 Thereafter 264,654 $ 411,684
For the year ended December 31, 2007, rent expense paid under ground leases was $0, as the lessees paid all ground rent. Rent expense paid under ground leases was $22,975 for the year ended December 31, 2006.
The rental income on the properties is received under three subleases in two separate entities. The leases expire at various dates between 2008 and 2011, in conjunction with the maturity of the note payable. On January 19, 2006, a lessee exercised one of the five-year options at $8,144 per month beginning January 1, 2007. Future minimum sublease income is:
Years ending December 31,
2008 $ 167,327 2009 167,327 2010 167,327 2011 167,327 $ 669,308
Rental income under subleases for each of the years ended December 2007 and 2006 was $152,494 and $271,908, respectively.
NoTE J – SPlIT-INTEREST aGREEMENTSThe Foundation’s split-interest agreements with donors consist primarily of charitable gift annuities and irrevocable charitable remainder unitrusts for which the Foundation serves as trustee. Assets are invested and payments are made to donors and/or other beneficiaries in accordance with the respec-tive agreements.
Contribution revenue for charitable gift annuities and charitable remainder trusts is recognized at the date the agreement is established, net of the liability recorded for the present value of the estimated future payments to be made to the respective donors and/or other beneficiaries.
The present value of payments to beneficiaries of charitable gift annuities and charitable remainder unitrusts are calculated using discounted rates which represent the risk-free rates in existence at the date of the gift. Gains or losses resulting from changes in actuarial assumptions and accretions of the discount rate are recorded as increases or decreases in the respective net assets class in the Statement of Activities.
53
10CELEBRATING
legal CounSel Avansino, Melarkey, Knobel & Mulligan
McDonald Carano Wilson LLP
auditor Pangborn & Co., LTD
BanKing, BroKerage and inVeStment
Edward Jones, Inc.4795 Caughlin Parkway, Suite 210, Reno, NV 89509
Contact: John E. Boyd 775-329-4646
Edward Jones, Inc. 5275 Vista Boulevard, Suite A1, Sparks, NV 89436
Contact: Carol Ann Carroll 775-331-3335
Merrill Lynch6900 South McCarran Boulevard, Suite 1080, Reno, NV 89509
Contact: Andrea Knapp 775-688-5724
Morgan Stanley DTC #0156140 Plumas Street, Reno, NV 89509-6060
Contact: Tom or Mike Seeliger 775-823-8632
Presidio Capital Advisors, LLC101 California Street, Suite 1200, San Francisco, CA 94111
Contact: Bruce Brugler 415-449-1000
Charles Schwab, DTC#0164 code 401669 Lucerne Street, Building F, Suite A-Z, Minden, NV 89423
Contact: Faye Groves 775-782-6143
Wells Fargo & Company, Private Client Services5354 Kietzke Lane, Reno, NV 89511Contact: Irene Garcia 775-888-4474
The Whittier Trust Company of Nevada100 West Liberty Street, Suite 890, Reno, NV 89501-1952
Contact: William E. Ramsey 775-686-5400
SoftWare and appliCation hoSting SerViCeNPO Solutions, Inc.
Staff
Christopher Askin, CSPG, CFRE, Executive DirectorKaren Sheppard, Office Administrator
Margaret Stewart, Communications DirectorTracy Peterson Turner, Program Officer
Ralph Vroman, Controller
CreditS
Design and typesetting: Julie Melton, The Right Type GraphicsWriter/editor, photography: Margaret Stewart
Page 37 photo: Theresa Dana-Douglas
Copies of the Annual Report, Audited Financial Statements, Article of Incorporation, By-laws, IRS form 990 or IRS form1023
are available by request.
For more information contact the Community Foundation of Western Nevada
1885 South Arlington Avenue, Suite 103, Reno, NV 89509775-333-5499 fax 775-333-5487 email [email protected]
EIN # 88-0370179
www.cfwnv.org
54
foundaTion opTions Comparison
FaCToRS PRIVaTE FoUNDaTIoN CoMMUNITY FoUNDaTIoN
Initial contribution $5 million to be effective $10,000
Start-up costs Accounting and Legal Fees None
Investment, accounting, On-going legal and accounting fees 1.5% or less for funds overaudit and tax returns Trustees must perform or hire staff. $1 million. The CF handles all investments and accounting, files annual tax return, and provides annual independent audit. General Administration Trustees must perform, contract, CF handles all financial and or hire staff for these services. administrative management. Max tax deduction for gifts of cash (% of AGI) 30% 50%
Max tax deduction for giftsof appreciated securities 20% 30%
Must pay excise tax on investment Yes (1-2%) No
Minimum pay out required Yes (5%) No
Flexibility of choice Yes Yes
Likelihood of perpetuity High High
Requires donor time and expense Yes No
Grant-making consultation No. Trustees must perform, Yes. If donor wishes, the
contract or hire staff CF can identify potential for these services. recipients, investigate applicants, make grant payments, and monitor performance.
55
foundaTion opTions Comparison
FaCToRS PRIVaTE FoUNDaTIoN CoMMUNITY FoUNDaTIoN
Access to community-wide No Yes (no charge)agency knowledge base
Research and evaluation of charitable organizations Must hire staff Yes (no charge)
Agency liaison services No Yes (no charge)
Planned giving services No Yes (no charge)
Restriction on holding interestsin business enterprises Yes No
Application of expenditure Yes (under IRC Section 4945 Noresponsibility procedures for taxable expenditure retax forgrants to organizations and failure to make “expenditureprograms that are not public responsibility” investigations)charities Separate annual IRS tax Yes Noreturn required
Privacy No (IRS Form 990-PF required Yes Individual donor’s which is open to public inspection.) fund assets size, gifts and grant Private foundations are required to making are kept private file detailed tax returns on grants, and confidential. No public investment fees, staff salaries, disclosure of individual grants asset size, and publish a notice or donations is required. If to the public that the tax return is donor wishes, the CF can serve available for viewing. These public as a buffer between the records are often compiled into donor and the grant seeker. grant-seeker directories. Donors are usually recognized for grants disbursed unless they wish to remain anonymous.
Liability and insurance Insurance must be separately Advisors to the fund are purchased. covered by the CF’s liability and office insurance policies. Fundraising events and other activities will require insurance.
56
THe CommuniTy foundaTion of wesTern neVada is Here To Help you realize your CHariTable dream.The stories in this report tell how the Community Foundation of Western Nevada helps people make lasting, powerful, and efficient gifts — gifts that enhance life, the life of your family and the life of the recipient, which in turn touches each of us joined through our eastern Sierra communities.
We can help by
n Working individually with donors and their estate or financial advisors to develop an approach to giving that meets their particular needs.
n Helping people understand their choices for giving now or making giving part of their estate plans.
n Accepting a wide range of assets including appreci-ated securities, real estate and business interests.
n Providing expert advice on community issues and the groups addressing them in western Nevada as well as in communities around the world.
n Connecting donors with others who have similar interests.
n Streamlining, or eliminating, the administrative aspects of giving.
n Providing the most favorable tax advantages avail-able for charitable giving.
n Investing funds to achieve superior returns while moderating risk, with the goal of enabling our donors to achieve both their philanthropic and financial objectives.
n Helping donors involve their families and share important values with future generations.
If you would like to learn more about partnering with us please,
Talk with Chris Askin, CSPG, CFRE, Executive Director,
at 775-333-5499 or via email: [email protected].
Stop by our office 1885 South Arlington Avenue, Suite 103,
Reno NV 89509
Visit our website at www.cfwnv.org
Problems can become opportunities when the right people come together.
– Robert South
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