Foundation Celebrating 25th Anniversary and New President & CEO

We are a nonprofit organization serving 11 counties in the Midlands by distributing grants and scholarships and linking the resources of donors, nonprofits and community leaders to areas of need.

2711 Middleburg Drive, Suite 213 | Columbia, SC 29204803.254.5601 | 803.799.6663 (F) info@yourfoundation.org | www.yourfoundation.org

What better way to kick off our 25th year of fostering philanthropy in our community than by bringing in an experienced, proven leader to continue the momentum that Interim President Susie VanHuss brought to the Foundation? The Community Foundation is very pleased to have JoAnn Turnquist leading the organization as we enter the next chapter in our journey.

“The board and staff of the Community Foundation are very excited about having JoAnn join us at such an important time in our history,” said Board Chair, David Sojourner. “With our new strategic areas of focus and several new initiatives upon

which the Foundation is working, we feel confident that under JoAnn’s leadership the Community Foundation will continue to increase the impact we can make on our community.”

JoAnn will lead the Foundation in implementing the long-range strategic plan and assisting donors in achieving their philanthropic goals. She will work with Foundation’s board of trustees and staff to set the vision for new initiatives and expand the role of the Foundation within our 11-county service area.

As we look back over the last 25 years, we reflect on the growth of the Community Foundation. The Foundation began in 1984 with minimal assets, a voluntary staff and a great vision. Cameron Todd served as the first board chair and Marshall Shearouse as the executive director. The first grants were awarded from the Foundation in 1989 —17 grants totaling $100,000. Today the Foundation oversees more than $90 million in assets, allowing us to distribute over $6.5 million through more than 1,200 grants and scholarships in fiscal year 2008.

The Community Foundation has been blessed to have many talented and dedicated individuals, families, businesses and organizations working with us over the years. This partnership has allowed us to create a sustainable impact through responsible giving. We extend our heartfelt thanks to everyone who has helped us pursue this mission. You are the community within our Foundation.

enrich philanthropyin ourcommunity

SPRING 2009 Vol. 5, No. 1

ph i l an th ropyin ou rcommun i t yenrich philanthropy

in ourcommunity

SPRING 2009 Vol. 5, No. 1

enrich philanthropyin ourcommunity

SPRING 2009 Vol. 5, No. 1

“We feel confident that under JoAnn’s leadership the Community Foundation will continue to increase the impact we can make on our community.”

Board Chair David Sojourner

Our New Strategic Vision page 2

2009 Wine Festival page 3

A Fond Farewell page 3

Investment Perspectives page 4

Grant Opportunities page 5for Donors & Fund Advisors

An Exciting New Initiative page 6

inside

JoAnn Turnquist

MissionTo promote, facilitate and expand philanthropy to create a sustainable impact within our community through responsible giving.

To fulfill our mission we:Encourage donors to make effective charitable giving decisions.• Collaborate to develop creative solutions for important community needs.• Nurture and strengthen community organizations.• Build a substantial endowment to provide for community needs for • generations to come.

Core ValuesWe value:

Trust, integrity, and enduring relationships with our donors, 1. nonprofit organizations we serve, community partners with whom we collaborate, and beneficiaries of the philanthropic dollars entrusted to our good stewardship and for which we have a fiduciary responsibility.

Excellence and effectiveness in programs, service, governance, 2. accountability and in all that we do.Diversity, respect and broad participation from individuals in all walks 3. of life.

Commitment to the engagement, growth and development of our 4.

board and staff.

Russell L. BauknightJ. Mac BennettCarolyn E. BrailsfordMichael R. BrenanPeter M. BrownChris D. ChristiansenMichael C. CrappsJudith M. Davis

Susan M. DouglasFrank A. Floyd Jr.John S. GoetteeHenry David GoldbergElizabeth E. GriffithHenry B. Haitz IIIDaisy W. HarmanRobert R. Horger

Katharine M. HubbardBruce W. HughesChris Leevy JohnsonJ. Thomas Johnson D. Michael Kelly John H. Lumpkin Jr. Ted O. McGee Jr.Sally T. McKay

Catherine R. MonettiDonna C. NorthamGeorge W. RogersGene RounttreeDavid C. Sojourner Jr.Samuel J. TenenbaumJ. Hagood TigheMiriam A. Wilson

Our Vision for the FutureThe board of trustees and

staff spent the majority of 2008 determining the specific role the Foundation should have within our community. We spent several months completing a strategic planning process. Two key objectives were identified during this process; the first, to define a very powerful mission statement and the second, to set a clear vision for the Foundation. These decisions have resulted in new strategic areas of focus, new initiatives and expanded opportunities for collaborating with other leaders in the community.

In fiscal year 2010, Central Carolina Community Foundation will shift its competitive grantmaking focus from making a large number of small Community and Organizational Impact grants to making larger grants to strategic areas of focus. The overriding goal is to make targeted grants that will have a measurable, positive impact on issues in our community.

The broad areas in which the Foundation has chosen to focus its discretionary funds over the next several years include homelessness, high school dropout rates, literacy and HIV/AIDS prevention. We will continue to provide capacity-building grants for nonprofit organizations that are service providers in these strategic focus areas.

This shift in focus does not mean the Community Foundation will no longer support other areas of interest. We will continue to support a diverse array of philanthropic objectives as we help facilitate charitable giving from our donor advisors.

The Foundation’s Program and Grantmaking Committee is currently developing specific criteria for our new process. All details will be outlined on our Web site at www.yourfoundation.org by July 1, 2009. If you have questions, please contact Jo Bull at 803.254.5601 x.326 or jo@yourfoundation.org.

Board of Trustess

MA

KE A

N IM

PAC

T

page 2

Wine Festival a Success

Central Carolina Community Foundation would like to thank everyone who was involved with the 15th Annual Interna-tional Festival of Wines and Food. Once again the generous members of our community have made the Wine Festival a sensational event which will aid the Foundation in awarding grants to local nonprofit orga-nizations in and around the Midlands.

This year, attendees sampled wines from over 40 vintners and dishes from 20 restaurants/caterers at the Festival held on President’s Day at Marriott Columbia. Central Carolina Community Foundation extends its gratitude to the sponsors, restaurants, wine suppliers, musicians, volunteers and patrons who helped make this event a success.

If you or your organization would like to become involved with the Wine Festival, please contact Kerrie Newell at 803.254.5601 x.327 orkerrie@yourfoundation.org.

A Word of ThanksDuring the past 10 months, Susie VanHuss has expertly directed the Foundation through our leadership transition. Her inexhaustible “yes we can” attitude has helped us build a compelling vision for our future and a sustainable mission plan. Words cannot express the gratitude that the board and staff have for the wisdom and leadership she has brought to our organization. We are thankful for the many ways Susie and her husband Patrick have contributed to the organization through their years of support. Thank you!

GENEROSITY

A grand time was had by all!

Stay in TouchIn order to be responsible stewards of the environment, the Community Foundation is considering moving from a printed newsletter to elec-tronic newsletters. This will allow us to better serve all our constituents by sending more timely and better targeted information to you. If you wish to continue to receive information from the Foundation, please send an email with your name and current email address to info@yourfoundation.org.

Susie VanHuss

page 3

JoAnn M. Turnquist, President & CEO, x.323

Jo Bull, Chief Operating Officer, x.326

Edward E. Conroy, Chief Financial Officer, x.325

Mary Haggins-Starks, Office & Donor Services Associate, x.301

Carolyn M. Holderman, BGTime Project Director, x.328

Kerrie M. Newell, Director of Program Development & Events, x.327

Tonia E. Pearson, Director of Marketing & Communications, x.329

Veronica L. Pinkett-Barber, Program Officer, x.331

J. Larry Snipes, Vice President for Development, x.322

Judy E. Watkins, Financial Assistant, x.330

Investment PerspectivesAs fiduciaries of the funds

established at Central Carolina Community Foundation, we appreciate the trust you’ve placed in us and we take our responsibility to manage our portfolio seriously. The steep decline in the stock market during the past few months has been unsettling to everyone. Market losses have resulted in a decline in wealth and our Foundation, like others, is expe-riencing a reduction in value based on unrealized losses. Although we have experienced a decline, our Asset Manage-ment Committee, together with careful stewardship by our investment firm Vanguard, is outperforming the S&P 500 average.

Our portfolio is based on 10-year projections and simula-tions prepared by Vanguard’s Investment Strategy Group. We monitor our results and review our projections frequently with our Asset Management Committee and with Vanguard. Excerpts from our last discus-sion with Vanguard follow. We believe that they will help you understand our long-term approach to our investments.

“We believe that we are in the midst of a severe recession, one that (based on the stock market’s recent performance and pricing of risk) will be at least as significant as those experienced during 1974 and 1982. The financial crisis of 2008 engendered sharp declines in equity markets and economic activity around the world and the U.S. stock market

experienced a severe –37.0% return. However, we do not believe we are about to enter the Great Depression II.

“While short-term perfor-mance can distort long-term expectations, we prefer to take a longer-term view and stick to our time-tested prin-ciples of investing. Our current economic modeling shows an uptick in GDP later this year based on the economic stimulus program. Our current forecasts show favorable probabilities for solid domestic and inter-national equity returns even over as short a time horizon as five years. Over long-term time periods, returns in the financial markets have been quite respectable. In the 82 years of the stock market’s

modern era (dating back to 1927), stocks have posted an average annual return of 9.6% (through12/31/2008).

“There’s no reason to expect future long-term results to be significantly higher or lower than their historical averages. It’s helpful to look at investing in stocks as taking an ownership stake in the economy. In the short term, market returns are largely driven by investor sentiment. But in the long run, the market has served as a reliable yardstick of corporate output (earnings and dividends) plus inflation. Although there are serious concerns about the health of the economy in the near term, our economy has proven both industrious and resilient throughout history.”

Vanguard Principles Embodied In our Investment Policies:Respect risk: Investments with the potential for great returns also carry great risks. This was an obvious lesson learned during 2008, when risky and complex investment strategies failed en masse.

Use a balanced and diversified investment approach: Creating a portfolio with a mix of different asset classes is critical to limiting volatility. Maintaining the appropriate mix is critical to ensuring the portfolio reflects the appropriate risk and return parameters through good markets and bad. This discipline can be especially uncomfortable when stocks do poorly as more stocks need to be purchased to keep the portfolio aligned with its targets. This is a sensible approach that, over time, has produced solid results.

Keep investment costs low: Our overall investment costs range between 22 and 29 basis points — significantly lower than competitive investment opportunities.

The Staff

INVE

STO

RS

page 4

HEL

PIN

G O

UR

COM

MU

NIT

YThe Community Foundation has firsthand knowledge of the support needed to fund the many nonprofit

organizations in our community. Through our competitive grantmaking process, we are able to issue many worthwhile grants. However, there are many deserving grants we cannot fund due to limited resources.

We are seeking your help in supporting the following unfunded grant requests. The Foundation staff has researched these organizations and support their requests. If you have a fund at the Community Foundation and are interested in supporting one of these programs, please contact Jo Bull at 803.254.5601 x.326 or jo@yourfoundation.org. If you do not have a fund and would like to establish one to support these requests, or other programs within our community, please contact the Foundation.

Fairfield Community Development Corporation | $9,749MISSION: To revitalize underdeveloped neighborhoods through citizen-driven efforts.

PROGRAM SUMMARY: The organization is requesting funds to purchase software (fundraising, operating system, MS Office, Adobe Professional) and create a Web site.

IMPACT: The organization will be able to organize and track fundraisers, membership drives, donors and donations. A Web site with e-mail capability will allow supporters and the public to have 24-hour access to the organization and provide a secure means for members to pay dues.

Healthy Learners | $10,000MISSION: To improve the overall health and well being of economically disadvantaged school children through education, prevention and intervention services.

PROGRAM SUMMARY: The organization is requesting funds to continue providing access to health care for uninsured and underinsured children in the Midlands. They work with school nurses and health care provider groups in Lexington and Richland counties.

IMPACT: Children experience a positive change in their self esteem and their motivation towards learning in school after they receive health care services.

South Carolina Association of Nonprofit Organizations (SCANPO) | $10,000MISSION: To serve, support and strengthen nonprofit organizations for a better South Carolina.

PROGRAM SUMMARY: The organization is requesting funding to provide scholarships for individuals from 11 nonprofit organizations to attend the Guiding Principles and Best Practices trainings, which consists of nine workshops.

IMPACT: With adoption of the principles and practices, nonprofits will grow stronger and will demonstrate they can govern themselves responsibly.

Welvista (formerly CommuniCare) | $10,000MISSION: To provide donated prescription medications to the working uninsured and provide children of limited-income families with effective oral health care services and education.

PROGRAM SUMMARY: To administer an education awareness project in order to reach and enroll more of the uninsured residents in the Welivsta program. This will consist of developing and printing brochures and applications, postage for a direct mail campaign and radio spots.

IMPACT: In a period of one year, they anticipate serving 200 new patients in the Midlands. This will decrease the number of ER visits and hospital admissions by uninsured patients because they will have access to needed medications for conditions such as chronic heart disease, diabetes and hypertension.

Healthy Learnerspage 5

Your Gift, Your ConnectionFour Grant Opportunities for our Donors and Fund Advisors

Central Carolina Community Foundation2711 Middleburg Drive, Suite 213Columbia, South Carolina 29204

Knight Foundation Awards Funding for Project BGTimeCentral Carolina Community Foundation is one of 21

winners nation-wide in the Knight Community Information Challenge, a $24 million initiative to help community foundations find creative ways to use media and technology to keep communities informed. The two-year $383,332 grant from the John S. and James L. Knight Foundation, coupled with additional funding and in-kind donations from the partners, will have a total impact of over $1 million to help bridge ethnic, economic and generational lines to increase digital literacy among seniors.

Senior citizens in our community have much to contribute to the civic dialogue. However, they often lack the skills and opportunities necessary to use digital media. Led by the Foundation, a group of diverse partners will work through senior centers and community organizations to reach seniors interested in bridging the digital divide. The three sites chosen to participate in the first year are Capital Senior Center, Oak Read High Rise and Still Hopes Episcopal Retirement Community.

So how does it all work? IFRA Newsplex multimedia facility will train students from both Benedict College and the

University of South Carolina to teach seniors new media and technology skills. The media partners will ensure the voices are heard across our broader community. The State Media Company will serve as a databank and conversation hub for the virtual town hall and ETV will record the process via its documentary series “Carolina Stories.”

The selection process for students was completed in March at Benedict College and the School of Journalism and Mass Communications at USC. The selection process for the seniors began in late March. The program will have a soft launch over the summer and begin full-time during the fall semester. For more information, visit www.BGTime.org or contact Carolyn Holderman at 803.254.5601 x.328 or carolyn@yourfoundation.org.

ON THEIR WAY

Non-profit OrgUS Postage

PAIDColumbia, SC

Permit #83241

page 6