2019 Annual Impact Report
Maximizing Impact
The Winona Community Foundation is a forward looking organization. We manage the assets entrusted to us wisely and professionally to maximize the capacity to support a variety of community organizations doing good and important work. The foundation’s volunteer board of directors maps out the future to ensure the growth of assets and available funds to give back to the community. In 2019, fund advisors distributed more than $1.3 million to charity and another $70,000 was granted through the Community Grant Program. The financial summary presented below is un-audited. Complete, audited financial statements are available at the Winona Community Foundation’s office during regular business hours.
Financial Summary
Statement of Financial Position- All Funds as of December 31: |
2019 | 2018 |
---|---|---|
ASSETS | ||
Cash Investments Other Prepays Total current assets |
71,698 14,855,974 4,058 $14,931,730 |
59,099 12,628,121 5,945 $12,693,167 |
LIABILITIES | ||
Accounts Payable Grants Payable Total current liabilities |
11,231 0.0 $11,231 |
9,588 0.0 $9,588 |
NET ASSETS | ||
General Restricted or Designated Total net assets Total liabilities and net assets |
1,617,485 13,303,014 $14,920,499 $14,931,730 |
1,233,182 11,450,398 $12,683,580 $12,693,168 |
SUPPORT & REVENUE | ||
Contributions Investment Earnings (losses) Other Revenue Total support and revenue |
1,932,663 2,428,672 235,427 $4,596,762 |
1,480,797 (788,007) 241,439 $934,229 |
EXPENDITURES | ||
Community Grants Advised Grants Advised Grants |
108,615 1,200,693 $1,309,308 |
80,000 1,477,799 $1,557,799 |
Operations and Investment Expense Total expenditures Excess of Revenue (expenditures) Net Assets at Beginning of Year Net Assets at End of Year |
1,027,289 $2,336,597 2,260,165 12,683,580 14,931,730 |
803,570 $2,361,369 (1,427,140) 14,110,720 12,683,580 |
Community Grants
The goal of the Community Grant program is to strengthen our community through philanthropy by making grants to projects and causes that address both the needs and the opportunities present in the community. Funds to support the Community Grant program are made possible in part through gifts made through wills from; Ramona L. Jezewski English and Wilmer & Beverly Larson. Community grants are also supported by individual donors and a percentage of the General Trust fund of the Winona Community Foundation.
Organization | Amount |
---|---|
Big Brothers Big Sisters of the Coulee Region | $7,805 |
Great River Shakespeare Festival | $5,000 |
Manitou Center | $10,000 |
Winona County Historical Society | $2,970 |
Habitat for Humanity Winona-Fillmore Counties | $8,340 |
Apple Tree Dental | $10,000 |
Catholic Charities of Southern Minnesota | $5,000 |
Frozen River Film Festival | $3,500 |
Winona ORC | $3,500 |
Mid West Music Festival | $7,500 |
Elder Network | $2,000 |
River Arts Alliance | $4,000 |
TOTAL | $70,615 |
Your Winona Community Foundation
Celebrating our past and a transformational future was the “unofficial theme” of the Winona Community Foundation in 2019. At the beginning of 2019, the Foundation board of directors was in the process of hiring a new executive director. With this task in front of us, the board chose the opportunity to envision a stronger, more prominent role for the Foundation. In hiring Nancy Brown as President/CEO, we have already seen changes that will help us accomplish that. We are grateful to our donors and fund advisors for trusting us with their philanthropy. Together, with the local nonprofit community, their contributions had wide-reaching impact on the quality of life in Winona and the surrounding region.