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Barberton Community Foundation
Fund Overview
Grantee WorkshopMarch 2015
Agenda
Types of Funds How to Establish a Fund How to Contribute to a Fund Looking Ahead
Types of Funds General Fund | In addition to our general operating
fund and assets, scholarships and community initiatives are powered by this fund. Also referred to as ‘Principle Fund’.
Endowment Fund | Totaling a minimum of $5,000 within five years of opening, Endowment Funds are directed at a Barberton-based cause of donor’s choosing.
Types of Funds (cont.)
Pass-Through Fund | A flexible way to support project based goals, a Pass-Through Fund acts as a charitable checking account – with the potential for immediate impact.
Now and Forever | Tracked and invested in two separate pools by the Foundation. This type of fund is for organizations that have a long-term goal for which the 5% spending policy limitations do not meet the organizations needs.
New
Fund Categories Endowment and Pass-Through funds are available in the following categories:
Designated | The donor may support one or more specific charitable organizations that benefits Barberton
Field of Interest | The donor may choose to invest in a specific cause or initiative that benefits Barberton
Donor-Advised | The donor may choose how distributions are directed within Barberton annually
Scholarships (Endowed only) | Supports secondary education as recommended by donor
Areas of InterestEstablished funds, that support the following areas, are available:
Arts, Culture and Events; Athletic Legacy & Programs; Beautify Our World; Disaster and Crisis Relief; Fighting Hunger; Helping Hands; Learning Opportunities; Promoting Literacy; Preserving History; For our Furry Friends; Medical Care and Health
Contributions can also be made directly to the General Fund
How to Establish a Fund
Identify personal charitable giving goals
Identify fund type and area of interest
Contact Jim Stonkus at the Foundation to schedule a one on one meeting
Barberton Betterment Fund
Created by Jim and Kay Stonkus Donor-Advised Fund Improves the quality of life for the
residents of Barberton
How to Contribute to a Fund
www.barbertoncf.org/donate-now Cash or check to the Barberton
Community Foundation Appreciated securities Leave a Legacy
Bequest through a trust or will Charitable Remainder Trust (CRT) Benefit plan / IRA distribution Charitable Lead Trust (CLT) Real Property
Looking Ahead
Board approved and adopted a Donor Development and Major Gift Plan earlier this month
Continual research of options that attract growth and meet fund holder needs in order to secure future of Barberton nonprofits
Thank you!
BARBERTONC O M M U N I T Y F O U N D AT I O N
Finance Overview
March 24 & 25, 2015
Current Financial Picture
- Total Portfolio = $86,988,580- Includes over $2.2 Million in funds
- 3-year rate of return- 5.4% composite- 6.0% composite excluding Board
Designated Investments (i.e. investments)
- Current liabilities, including outstanding grants and debt - $7.7M
What can we spend?
- Current spending rate is 5%
- Spending includes:- Operating expenses for
overhead, managed properties and debt service, net of related income (~1.1%)
- Annual grants and scholarship pool (~3.6%)
- Remaining is Quarterly (~0.3%)
Change in Approach to Spending
- Use Reserve Fund to increase annual granting & get more funds out working in the community!
- Old Approach – 2015 granting would be $292,000, potentially dropping to $16,000 in 2018
- New Approach – 2015 granting is $350,000, increasing annually by inflation
How will this work?
- Reserve Fund has ~$990,000 following 2014 - currently need $780,000 more
- Components of inflows & outflows will be tracked and include investment returns, various revenues and any areas that we may be under budget.
- Everyone works Together!
More long-term Vision Steps Being Taken
- Limiting Board Directed Assets exposure
- Limiting Foundation Debt- 5% of Net Assets until High School is
paid off- 10% of Net Assets thereafter
- Limiting Use of Reserve Fund until 7-year granting goal needs are met- All non-designated new money and all
savings or unused monies go towards this goal.
Other Ways we are Trying to Help You
- Added a hybrid ‘Now & Forever Fund’ option- Provides funding now while
working together on a long term revenue stream
- Increased promotion of individual funds with unique on-line giving codes
- Fund Brochure
Questions?Please reach out to me with any finance related questions or to find out about opening a fund.
Contact Information:
330-745-5995
Jim StonkusPresident/CEO
Communicating Your Message
Creating Impact• Create a collaborative
partnership between the funder and grantee
• Helps “sell” the value of your program– More needs than resources available
• Shows funders their “ROI” and makes a stronger case for future funding
Communicating Your ImpactShare stories and photos that reflect the impact of grant dollars – make it personal and measurable.Channels:• Social Media (Facebook,
Instagram, LinkedIn)• Printed material (newsletter,
brochure, program, annual report)• Electronic material (website, email)
For Our Fund HoldersThe Foundation helps support their efforts to grow their fund!
• Personalized giving link through Qgiv– Foundation managed
• Share the impact their organization is making in the community– Facebook, community report, electronic newsletter
• Create a personalized plan that supports their philanthropic goal
Not just about asking for money, its about finding a partner that finds the relationship mutually beneficial - this will help secure them for years to come.
Some ideas on how to recognize the Foundation’s partnership and areas of focus with your non-profit program:
• This event made possible by a grant from the Barberton Community Foundation.
• Services made possible in part by the Barberton Community Foundation.
• The Barberton Community Foundation believes in Educational Excellence and supports this program through grant funding.
Sample Language
Economic Development | Educational Excellence | Community Image | Social Services
Strategic Granting – Leverage, Collaborate,
Collective Impact
Strategic granting is vitally important, now more than ever…
But, what does strategic granting mean to you?
Strategic Granting
Why Consider Strategic Granting?
Strategic Granting Q’s
• Can you identify our impact?• Do we really know that our
granting has made a significant impact in the community?
• If so, what has?• If not or very little, then we
needed to consider strategic granting….
Example of Strategic Granting
• Sisters of Charity Foundation of Canton, a case study
-moved towards strategic granting after realizing they had funded so many projects but couldn’t identify the impact of their responsive granting
Sisters of Charity Foundation, a case study
• Invested $27.3 million, or 69% of their granting dollars and could not measure the impact nor their leveraged dollars
• What does “leverage” mean?:• Leveraging: using one funding source to
attract others• Here’s what makes leveraging so attractive to
funders:– It shows that others believe in the project. – It addresses the issue of sustainability,
because those who sign on as partners at the start have an incentive to continue supporting the project after the grant ends.
– Collaboration adds stakeholders to the project.
• Leveraging is also beneficial to the grantee, for obvious reasons.
• The types of funds that may be counted as committed funds toward leveraging grants are varied:– Some are very specific and require
"hard," or cash, commitments.– Other funders will allow "soft," or
non-cash, commitments:• volunteer labor• in-kind goods and services (e.g.,
supplies, equipment, space, and professional services).
Leverage….
• Part of our assessment was how to define leverage.
• Conclusion: leverage is defined as “value added” which can be cash or in kind including but not limited to, supplies, volunteer, professional assistance, and/or equipment.
Sisters of Charity Foundation, a case study
• Once strategic granting was implemented, they were able to truly begin to define what percentage of their grant dollars was leveraged.
Sisters of Charity Foundation – a case study
• Responsive Efforts– Led by community members or non profits– Multiple funding sources, less
management control– Response to non profit needs or emerging
community needs– Defined life cycle and short term effort– Varying levels of staff and board
involvement– Limited or no evaluation quantitative and
qualitative outputsSisters of Charity provides around 30% of their granting dollars to responsive efforts
Sisters of Charity Foundation – a case study
• Strategic Collaborations– Led by a collaborative group including
the foundation– Multiple funding partners– Focused on improving or coordinating
community services– Longer effort but may not go through all
phases of an initiative– Limited board involvement, high staff– Limited evaluation and quantitative and
qualitative resultsSisters of Charity provides around 17% of their granting dollars to strategic collaboration efforts
Sisters of Charity Foundation – a case study
• Foundation Led Initiatives– Initiated and led by foundation– Primary funder and manager– Focused on systemic change– Long term commitment– High board and staff involvement– Long term process and outcome
evaluation with quantitative and qualitative results from a third party evaluator
Sisters of Charity provides around 42% of their granting dollars to foundation led initiative efforts
Opportunities/Ways to Collaborate
What can you do as an organization to collaborate?How to engage BCF as a partnerOne way could be through collective impact
Collective ImpactWhat is Collective Impact?Collective impact is the commitment of a group of people from different sectors to a common agenda for solving a complex social problem
Too many organizationsare working in isolationfrom one another.
Collective impact bringspeople together, in astructured way, toachieve social change.
• It starts with a common agenda.
That means coming togetherto collectively define theproblem and create a sharedvision to solve it.
• It establishes shared measurement.
That means agreeing totrack progress in the sameway, which allows forcontinuous improvement.
• It fosters mutuallyreinforcing activities.
That means coordinatingcollective efforts to maximizethe end result.
• It encourages continuouscommunication.
That means buildingtrust and relationshipsamong all participants
And it has a strongbackbone….
That means having a team dedicated to orchestrating thework of the group.
Connecting to our Strategic Plan Areas of Focus – Educational
Excellence
• Educational Expectations of students and parents
• Graduation rates of BHS students• Educational test scores• Educational attainment of Barberton
residents• College graduation rate of BHS students• Parental involvement• Number of school district partnerships
and internships with the business community
Focus: Community Image
• Objective professional annual community and regional opinion survey
• Attendance evaluation at major community events
• Home purchases by those returning or coming from outside Barberton
• Number of positive stories in the media about Barberton
Focus: Social Services
• Reduction in % of children living in poverty• Reduction in Temporary Assistance for
Needy Families• Reduction in first time demand for public
assistance• Increased % of two year olds with complete
immunizations• Reduction in # of reported child abuse
cases• Reduction in number of domestic violence
police calls• Increase in % of mothers receiving
adequate pre-natal care
Focus: Economic Development
• Increased % of population earning above poverty level
• Improved relative valuation trend of Barberton real estate
• Relative unemployment rate trend to Akron
• Relative income tax collections rate• Improved median household income• Improved average wage rate
BCF Strategic Granting Breakdown
(1) Responsive Efforts |Goal: Address short term needs in our community for 1-3 years while developing a sustainability model and clear future for each initiative;
(2) Strategic Collaborations | Goal: Join with others to launch programs that maximize community impact;
(3) Foundation Facilitated Initiatives | Goal: Launch and facilitate continual development of foundation and community-driven initiatives that support transformational change to benefit the residents of Barberton.
The grants committee utilizes a “Scale Up” strategy for the percentage of investment for the following time period but to be determined for effectiveness on an annual basis: 2015-2016: 38% of the available granting
dollars (at or around $350,000) be used for Responsive granting or around $133,000; 35% to be used for Strategic Collaboration or around $122,500 and 27% be used for Foundation Facilitated Initiative or around $94,500;
2017: 33% of the available granting dollars (at or around $350,000) be used for Responsive granting or around $115,500; 38% to Strategic Collaboration or around $133,000 and 29% to Foundation Facilitated Initiative or around $101,500;
2018-2021: 20% of the available granting dollars (at or around $350,000) be used for Responsive granting or around $70,000; 50% to Strategic Collaboration or around $175,000 and 30% to Foundation Facilitated Initiative or around $105,000.
Tuscora Park Health &Wellness Foundation
– Grant Requirements: Proposals must promote wellness and help extend health care, medical and educational services and opportunities to the residents of Summit and contiguous counties.
– Same grant deadlines as BCF
GAR Foundation
• Areas of focus: Education, basic needs and independence, civic enhancement and arts & culture
• Applications for capital projects now available! Due April 17th
• Focused on systemic change vs. programmatic
• Contact Kirstin Toth, Senior VP for more information
Akron Community Foundation
• Initiatives: Arts & Culture, Civic Affairs, Health & Human Services, Education – funding comes from unrestricted and field of interest funds
• Education – focuses on programs that align with SEI’s Cradle to Career continuum
• Contact John Garofalo, VP Community Investment
The Corbin Foundation
• Founded to “help enrich the lives of the people of Akron and Summit County”
• Areas of Interest: Arts & Culture, Civic & Community, Education, Environment, Healthcare, Housing, Human & Social Services, Medical Research, Youth
• Contact: Erika May, Grants Administrator
