Current Winter 2010

8/8/2019 Current Winter 2010

1/12

Current

Serving all of Kent County since 1922

Winter 2010, Volume No. 43

Giving aGit Stck

84 5

Phts rm urDnr Part

Cllege AccessNetwrk Launched

6-7

Great NewGrants

John Canepa

honoredwith ChailleCommunityPhilanthroPyaward


2/12

Grd Rds Ct Fdt

t: 616.454.1751, Fx: 616.454.6455

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Fs3 Visit rm Cmmunit Experience Partnership Participants4 Cnsidering Giving a Git Stck?

5 Kent Cunt Cllege Access Netwrk Receives Grant

6-7 Phts rm ur 2010 Dnr Part, Jhn Canepa Receives the Chaille Award

8 New Grants Abund

9 Metz Sciet Prfle: Dr. Jim and Janet Watkins

11 The Next Generatin: Will the Lve Grand Rapids? Diana Siegers Letter


3/12

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This is Leadership


4/12

4

Current

There are manptins r ear-endgits t the Grand

Rapids CmmunitFundatinand ne that isalwas ppular is a git appreciated stck. The CmmunitFundatin is experienced in acceptingstck gits and is happ t acilitate atranser. Gits stck can be placed in

an existing Cmmunit Fundatin undincluding the Fund r Cmmunit Gd.I the stck amunt is ver $50,000 apersnal endwment such as a dnradvised und ma be created. Rbert W.Schellenberg, CPA with Schellenberg &Evers, P.C., gave a ew pints t cnsiderwhen giving stck t the CmmunitFundatin r anther nnprft.

FOCUS ON APPRECIATED STOCK

Most importantly, a git o stock to a charity

should be considered when the stock is

highly appreciated. In todays market this has

to be careully reviewed as many people havestock that has lost value, Robert said. Giving

stock that has lost value can be done, but it

is similar to giving cash in that the donor can

take the charitable tax deduction only and

other tax advantages are lost including the

ability to deduct the loss i there is one. By

giving stock, you are essentially getting rid

o the capital gains tax, Robert said.

KNOW THE VALUE OF YOUR STOCK

Making a git o publicly traded stock is

easy. It just involves a call to your broker

who will determine the value o the stock

and initiate the transer. It becomes more

complicated with stock that is not traded or

is privately-held. These types o transers

require a qualifed independent

appraisal o the stock that will satisy

the Internal Revenue Service thatyouve done homework about the

valuation, Robert said. While

donations o private stock are

less common, they do tend to

represent larger gits to

charities. Both types o stock

are treated the same by the IRS

when donated to a public charity.

THE DOUBLE BENEFIT

Charitable contributions o appreciated stock

provide two probable income-tax advantages.

The frst is a charitable deductionnormally

or the air market value o the stock at the

time o the git, subject to certain tax law

limits. The second beneft is the donor is not

taxed on the capital gain that would result

rom the sale o the stock.

CARRYING FORWARD A STOCK GIFT

Typically, a git o appreciated stock is

subject to the 30 percent AGI (adjusted gross

income) limit when gited to a 50 percent

limit organization (public charity). With other

types o gits (cash, household gits, etc.)

you cannot deduct more than 50 percent o

AGI in one year. So when making a git like

this you need to look at all your other

income, salaries, wages, interest, dividendincome and other capital gains. But you are

allowed to carry the unused deduction

orward or fve years, Robert said.

CREATING A FUND FROM STOCK

A large git o stock can be used to create

a personal endowment such as a Donor

Advised Fund. These unds are particularly

attractive because the donor has control over

where the money will go. Another advantage

is that the donor doesnt have all the

administrative costs and issues that come

with a private oundation, said Robert. He

noted that donors need to be doubly involvedwhen they create a donor advised und.

People will have a relationship with Grand

Rapids Community Foundation and with the

charities they support. It requires a bit

more involvement, he said.

HAVE FUN!

When working with my clients I tell them

not to get completely wrapped up in the

tax advantages, though they are important.

People should give because they believe

in the cause and want to be involved. I tell

my clients to have un, and that can mean

dierent things to dierent people. I

encourage them to engage in a dialogue and

to learn a lot about the work the nonproft

or the Community Foundation does in the

community, Robert said. Ive worked with

the Foundation on a number o these kinds o

gits and Ive ound them good to work with;willing and able to help me help my clients

have un being philanthropic.

THE LOGISITICS OF A TRANSFER

Most brokers can electronically transer

shares to the Community Foundation or you

and the process is quite simple. Developmen

sta can provide account numbers or you.

Mutual unds can also be transerred, but the

process can take up to eight weeks and

contact with the Community Foundation

development sta is important to acilitate

the process.I you have paper stock certifcates you wish

to git, contact Community Foundation sta

or instructions on the best way to make

that transer.

Beore you make a git o stock, especially i

the git is signifcant to you, be sure to talk

with your fnancial advisor and a member o

the Community Foundation development sta

To ensure that stock gits are received by

December 31, transers should be initiated

by December 15 i possible. n

HELPFUL CoMMUNITy FoUNDATIoN DEVELoPMENT STAFF CoNTACTS

Taking STockon GiFtS oF ShareS

Mariln ZackVice President616.454.1751 x127

[email protected]

Gina BveeDevelpment Directr616.454.1751 x113

[email protected]

Jnse yungDnr Services Direct616.454,1751 x108

[email protected]


5/12

What will it take to prepare our communitys next

generation for tomorrows workforce? This question

and how we respond matters to the Community

Foundationthe prosperity of young people will strengthen

families, neighborhoods and lift the community as a whole.

One ingredient for future success is a college degree or post-

secondary training. Grand Rapids Community Foundation is

proud of its efforts to increase access to college, particularly

among low-income and rst-generation college students. Weve

worked to increase scholarships to these students most in need.

Now the Community Foundation is taking this work a step

further, by convening and launching Kent County College Access

Network (KCCAN).

KCCAN is a consortium of local organizations committed to

enhance and connect programs that inspire low-income and

rst-generation students and their families to access, enroll and

succeed in college. This September, the Community Foundation,acting as duciary for KCCAN, received a $50,000 grant for

startup activities from Michigan College Access Network. The

KCCAN leadership team, a group of community members

invested in increasing college access, includes Ruth

Bishop, Community Foundation education

program ofcer.

The KCCAN leadership team used part

of its grant to recruit and hire Andrea

Kitomary, who began work on October 25

as the networks part-time coordinator.

Andrea most recently worked as consultant for

a school-based youth program in the Wyoming

School District, providing evaluation andassessment. Before that she was an instructor

and academic advisor at Calvin College and

Grand Valley State University.

There is a nationwide call to increase the number of people

with college degrees to 60% by 2025, and KCCAN is an

important part of the local response to that call. I am excited to

help launch this initiative in the community, Andrea said.

The leadership team has three targets for its 2011 activities:

Removenancialbarriers by increasing families

nancial awareness and helping students apply for

nancial aid.

Removeawarenessbarriers by engaging and assisting

students to complete the critical steps for college entry.

Removeaspirationalbarriers by building and supporting

students college-going aspirations.

Though we are happy to have taken a leadership role in

forming KCCAN, this project is larger than just the Community

Foundation. It has been exciting to work with community

partners to grow this grassroots effort, Ruth Bishop said. n

AndreaKitomary

The Start of Something

This is Leadership


6/12

6

Current

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ABoUT THECHAILLE AWARD

Each year we give the Jack

Chaille Community Philanthropy

Award to a couple or individual

who embodies the late William

Jackson Jack Chailles

passion or the Community

Foundation and the community.

Past recipients are:

Jack Chaille

James CarpenterDirk Hofs

Sam Kraitz

Patricia Edison

Richard Gillett Sr.

Shirley K. Daniels

Chck and Stella Royce

Daid G. Frey

Fred and Lena Meijer

Tom and Mickie Fox

Cladia and Allan Carlson

J C:2010 Jck CC Ppa w

DianaSieger,NikkiOuthier,MarieandJohnCanepa

TaraPowers,BrianBurchandJeffLambert

MarilynZack,JoyandJimDeBoer

RonandMargaretStory,JimandTeresaMcCarty


7/12

Thanking our 2010 Donor ParTy SPonSorSGrand Rapids Community Foundation gives a special thanks to its eventsponsors for making the 2010 donor party a great success.

PARTneR SPonSoRS IncLUde:Grand ActionMerrill LynchVarnum LLP

FRIend SPonSoRS IncLUde:AMBS Investment Counsel LLCCrowe Horwath LLPEllis Parking CompanyFifth Third Private BankInformation Systems Intelligence (ISI)LaFleur & Godfrey Inc.Lambert, Edwards & Associates, Inc.Plante & Moran PLLC

In kInd SPonSoRS:Plenty CreativeCustom PrintersQuimby Walstrom PapersGraphic Specialties

MikeJandernoa,JudgePaulSullivan,JohnCanepaandMartyAllen

GregSundstrom,AudreySundstromandEddieTadlock

MarcieLewis,PhyllisTillmanandEvaAguirreCooper

PeggySmithandBrendaSain

AllanCarlsonandMilesSchmidt

MaryCopeland,MarilynZackandBessieWard

StellaandChuckRoyce,KevinHarmelink


8/12

8

Current

neweST communiTy FounDaTion granTSGrandRapidsCommunityFoundationsBoardofTrusteesrecentlyvotedtoapprove$494,370innewgrants.Thegrantsaddress

threemainareasofneedinKentCountyhealth,economicgrowthandengagingexperiencedadults.

GRANT TO ENCOURAGE

HEALTHY PEOPLE

MichiganMigrantLegalAssistanceProject

received$100,000toassistmigrantvictims

ofdomesticabuse. In partnership with Legal

Aid of Western Michigan, Michigan Migrant

Legal Assistance Project is starting a new

program to increase outreach to the migrant

worker population, targeting women who may

be victims of domestic violence. Women in this

situation are often reluctant to seek help due to

immigration, custody and residency challenges.

This grant was made possible by these

Community Foundation Funds:

Orville and Jean Bulman Estate

Robert J. Kulms Trust

Glen C. Mason Fund

Jeanette Shelly Warner Fund

If you are passionate about promoting personal

safety, healthy behaviors and quality access to

healthcare for all, please consider making a

gift to the Community Foundations Fund for

Healthy People.

GRANTS TO BUILD ECONOMIC

PROSPERITY

LiteracyCenterofWestMichiganwilluse

$25,000foritsBlueprintforLiteracy

program. With this grant, the Literacy Center

aims to serve more students, offer a technology

based curriculum, provide more community

literacy workshops and classes, and lead the

communitys literacy. This grant was made

possible by these Community Foundation Funds:

Orianna D. Hooker Fund

Ladies Literary Club Fund for Literary Arts

Duncan Littlefair Literary Fund for Children

Kent Charitable Fund

Mary A. and Lenore G. Smith Fund

TheSOURCEreceived$30,000forthe

HealthFieldCollaborative.This 18-month

grant will help The SOURCE do for healthcareemployers what it has already done for local

manufacturersimplement a successful model

for workforce retention and training. The

SOURCE will work with the Health Field

Collaborative, made up of seven Grand Rapids

health care providers, to develop more robust

programming in retention, career coaching,

training and developing the pipeline for new

employees. Working together will create

economies of scale and strengthen programming

for both entities. This grant was made possible

by these Community Foundation Funds:

Marian A. Aldrich Fund

Employees of Autocam Fund

Edward H. Blickley Fund

WomensResourceCenterwilluse$58,150

foritsFreshStartprogram. A federal cut

pushed the Womens Resource Center to nd

other funders for its Fresh Start program. The

program improves womens economic self

sufciency, self esteem and ability to access

community resources for themselves and their

children. Program participants include

displaced homemakers, women reentering the

community after incarceration, unemployed

women with employment barriers and women

living in poverty, including those who are

working but still poor. This grant was madepossible by these Community Foundation

Funds:

George M. Ames Fund

William J. Chaille Fund

Jane and Sam Kravitz Fund for Community

Good

Margery Seeger Fund

If you like these grants and would like to

support our work in this area, please consider

making a gift to the Community Foundations

Fund for Economic Prosperity.

GRANTS TO ENGAGE

ExPERIENCED ADULTS

We made these ve grants in October as part

of our CommunityExperiencePartnership.

Supported by the Community Foundation, with

matching funds from Atlantic Philanthropies,

the Community Experience Partnership is

creating compelling opportunities for experienced

adults to help change our communitys

approach to families in housing crisis.

DisabilityAdvocatesofKentCountyreceived

$40,000touseexperiencedadultsskillsan

leadershipabilities in community organizing

and advocacy for the Coalition to End

Homelessness.

GrandRapidsAreaCenterforEcumenism

willuse$43,170torecruitexperienced

adultstoexpandtheCongregationalPartnershipProgram(CPP). CPP helps foster

housing stability and long-term economic

self-sufciency in individuals and families by

pairing those facing a housing crisis with a

congregation or business committed to help.

HabitatforHumanityofKentCountyreceive

$60,000tobuildonthesuccessofthe

CarpentersClub. The Carpenters Club was

created so experienced adults can learn new

skills and become skilled team leaders or

assistants to Habitat site supervisors. Now

Habitat will launch Habitat Heroes to train

experienced adults as site supervisors.

HeartofWestMichiganUnitedWays

VolunteerCenterwilluse$91,700torecruit

experiencedadultsfromtargetedcompanies

andorganizations. The Volunteer Centers role

is to build the infrastructure for volunteering

and be an information clearinghouse

providing information and resources to

agencies and volunteers.

WellHousereceived$46,350toengage

experiencedadultsintransitioningWell

House from an emergency shelter to a

permanent housing community. n

If you would like to

learn more about

Community Experience

Partnership and other

Encore investments,

please contact Kate

Luckert Schmid at

616.454.1751 or visit

www.grfoundation.org/encore.


9/12

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Touchingthe FutureToday

mezS o c I e T y

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Weve included

designations in our estate

plan for other organizations

close to our hearts, butwe know the Community

Foundation will use our gift

where it is needed most.

Janet Watkins


10/12

10

Current

Grand Rapids CmmunitFundatin will be clsed nthe llwing dates inbservance the hlidas:

Friday, December 24, 2010

Friday, December 31, closing at

3:00 p.m.

Gits t be credited r2010 tax returns must be:

delivered to the CommunityFoundation by 3 p.m. on Friday,

December 31, 2010

postmarked on or beore

December 31 or given

online by 11:59 p.m. on

December 31

Please note that complex

gits, sch as a git o stock,

may take longer to acilitate. I

yo are considering this type o

git, please allow enogh time

or processing. I yo hae

estions abot ideal timelines,

please call the Commnity

Fondation deelopment sta at

616.454.1751.

Thank u and happ hlidas!

year-endGiVinGDaTeS ToKnoW

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GIFTS. GRowTh. GRAnTS.how one FUnd ISMAkInG A dIFFeRence

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JanuaRy 1, 2011Applications available atwww.grfoundation.org/scholarships

apRil 1, 2011Application deadline

Gfts Grwt Grts Crrt Fd Bc

$419,264 $636,339 $431,416 $624,187

KaThRyn anD DenniS Sullivan ChaRiTaBle FunD


11/12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

My coMMUnITy MATTeRS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

people in my eld speculate quiteoten about the uture o philanthropy.Trying to know a little somethingabout what the uture holds provides a

competitive edge and some peace o mind.

We oten ponder how up-and-coming donors

will behave. Will todays young people be as

generous as past generations have been?

Will the next generations o donors be as

attached to place as our current donors are?

We wonder about young people who leave

Grand Rapids or college or jobs. Will thisplace bring them back at some point

or are they gone or good?

Research has been done about many o

these questions and behaviors and Grand

Rapids Community Foundation is working

to apply this knowledge to our work and

community. An ongoing study about why

people love where they live, Soul of the

Community, captured our attention. The

John S. and James L. Knight Foundation

commissioned the Gallup Poll to do this study.

w ppl , t st

While people may move to a community or

work, what keeps them there isnt completely

the workplace. The Community Foundations

vision talks about being a magnetic and

interconnected West Michigan community.

We selected the word magnetic because,

like a magnet, we want to attract and keep

people here. The Knight/Gallup study has

identied the top three traits that emotionally

connect people to a community:

Social oerings and un gathering spots

that appeal to a wide range o ages,

marital statuses and incomes

Aesthetics or physical beauty o urban

design and green space

Openness to new and dierent people

To a lesser degree, the economy and quality

o public education also infuence peoples

sense o attachment to place.

nxt Grt Drs d attct t CtAnd heres another proound nding

rom two years o research. Theres a

signicant correlation between peoples

emotional connection to a community and

local economic growth. That is, those

communities with higher levels o attachment

also have higher levels o gross domestic

product growth. The studys nal year

will analyze which comes rst, emotional

connection or economic growth.

These ndings present a great opportunity

or Grand Rapids Community Foundation andvalidate what weve been doing or years.

Some people think that unding the arts,

cultural competence, social enrichment and

the environment is nice, but not essential.

This study proves that creating a place o

inclusiveness, un and physical beauty is

more than nice. Its vital to our present and

uture prosperity.

S, ds ts lt t

ft ds?

Weve known and understood rom

relationships with many donors that a desire

to give to the community comes rom two

things. First, people want to give back

because a community has helped them

prosper, usually in a business or proession.

Second, people who give to us always

express a deep connection to the Grand

Rapids area.

I we continue to create a place that people

love to live in, then uture donors, like our

present donors, will want to give back. This

multigenerational shared desire will continue

to sustain and grow this place we care so

much about. n

TieS ThaT BinDHeres a sampling o our grants and

leadership helping connect people to

our community:

CommuniTy openneSS Weve worked on cultural competence

within the Community Foundation and

with our grantees.

We recently hosted a newcomer eventin partnership with Grand Rapids Area

Chamber o Commerce and Experience

Grand Rapids.

Our Friends Advisory Council, a group o

20+ younger and diverse people is

helping us reach out to new audiences.

SoCial oFFeRinGS Weve supported the capital campaigns

o the Van Andel Arena, Grand Rapids

Art Museum, Civic Theatre and UICA.

We also helped the Community Media

Center purchase Wealthy Theatre and

launch The Rapidian.

We support our local arts organizations

through the Whats Your Art GR.com?

campaign.

aeSTheTiCS Weve awarded grants to create

Millennium Park and other parks and

to preserve and expand bike trails.

Weve made grants or aade

improvements in the Wealthy Street

and Creston business corridors.

ToreadmoreofDianaswritingaboutphilanthropyandsocialchangeissuesherblogfeaturesregularpostings.

Itcanbeaccessedatgrfoundation.org/blog.Yourcommentsonherpostingsarewelcomeandencouraged.


12/12

Grand Rapids Community Foundation

185 Oakes Street S.W.

Grand Rapids, Michigan 49503

NonproftOrganizationU.S. Postage

P A I DGrand Rapids, MIPermit No. 360

ADDRESS SERvICEREquESTED

If you areeiving duplicate

pies of Current,

t us know, and

ease pass one

ong to a friend.

U Comgin Grand rapids

Grand Rapids Community Foundation adds a round

o applause or several people recently named in

Grand Rapids Business Journals 40 Under 40

annual list. We were pleased to note that the 2010

list included some o our young donors, riends and

many nonproft leaders in Kent County. n WELCOME TO

Vugh Love

Grand Rapids Community Foundat

was extremely pleased to receive

Mentor Michigan College Coaching

Corps AmeriCorps position or this

year. We were even more pleased

oer this position to Vaughn Love.

A Grand Rapids native, Vaughn is a

graduate o City High School and

Western Michigan and Indiana

universities. Her work experience

includes the Entrada Scholars

Program at Calvin College and

tutoring at Southeast Career

Pathways.

Vaughn will create and strengthen

mentor matches or the Youth

Enrichment Scholarship (YES)program. Shell also expand progr

activities to help older YES studen

ocus on college planning.

I am excited to dedicate this year

service with the AmeriCorps progr

to the Community Foundation and

help young people have enriching

opportunities and college aspiratio

I cant think o more important wor

than helping young people discove

new horizons Vaughn said n

COnGraTULaTiOns TO:

Rsalnn BlissDirector/Residential Services,D.A. Blodgett St. Johns Home

Matthew DwneDirector, Nonproft Services

and Development at GVSUs Johnson Center

Steve FaberExecutive Director, Friends oGrand Rapids Parks

Emil Stddard FurrwPartner at DVQ Studio

Elissa HillarExecutive Director, Local First

Rachel HdExecutive Director, West MichiganEnvironmental Action Council

Lrissa MacAllisterPresident, Enviah

Rachel MrazWealth Management Advisor,Merrill Lynch

Jasn PaulateerVice President andDevelopment Advisor, PNC Bank

Darius QuinnHuman Resources Manager,Kent County

Am RuisOwner, Art o the Table

Stac StutEducation Director, Hispanic Centero West Michigan

Latricia TriceCommunication Director,Grand Rapids Area Chamber o Commerce

Bridget Clark WhitneExecutive Director,Kids Food Basket

RosalynnBliss

RachelMraz

AmyRuis

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