Barberton Community
Foundation
Fund Overview
Grantee Workshop
March 2015
Agenda
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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.
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 Interest
Established 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
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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!
BARBERTON
C 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 7year 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:
jstephenson@barbertoncf.org
330-745-5995
Jim Stonkus
President/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 Impact
Share 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 Holders
The Foundation helps support their efforts to grow their
fund!
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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.
Sample Language
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.
Economic Development | Educational Excellence | Community Image | Social Services
Stay Connected
acolando@barbertoncf.org
facebook.com/barbertoncommunityfoundation
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 outputs
Sisters 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 results
Sisters 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
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Opportunities/Ways to
Collaborate
What can you do as an organization
to collaborate?
How to engage BCF as a partner
One way could be through
collective impact
Collective Impact
What 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 organizations
are working in isolation
from one another.
Collective impact brings
people together, in a
structured way, to
achieve social change.
• It starts with a common
agenda.
That means coming together
to collectively define the
problem and create a shared
vision to solve it.
• It establishes shared
measurement.
That means agreeing to
track progress in the same
way, which allows for
continuous improvement.
• It fosters mutually
reinforcing activities.
That means coordinating
collective efforts to maximize
the end result.
• It encourages continuous
communication.
That means building
trust and relationships
among all participants
And it has a strong
backbone….
That means having
a team dedicated to
orchestrating the
work 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:
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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;
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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;
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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
For questions, ideas, or on
ways to collaborate…
Contact me!
Debby Rolland
drolland@barbertoncf.org
330-745-5995