2021 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 2021, fund advisors distributed more than $1.9 million to charity and over $100,000 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:
2020 2021
ASSETS
Cash
Investments
Other Prepays
Total current assets
75,171
16,189,339
1,789
$16,266,299
227,970
18,734,314
443
$18,963,521
LIABILITIES
Accounts Payable
Grants Payable
Total current liabilities
7,203
0.0
$17,203
6,932
0.0
$6,932
NET ASSETS
General
Restricted or Designated
Total net assets
Total liabilities and net assets
1,811,258
14,447,838
$16,259,096
$16,226,299
2,361,597
16,594,992
$18,956,589
$18,963,521
SUPPORT & REVENUE
Contributions
Investment Earnings (losses)
Other Revenue
Total support and revenue
1,276,533
2,301,156
306,507
$3,884,196
2,844,784
2,094,424
460,845
$5,402,308
EXPENDITURES
Community Grants
Advised Grants
Advised Grants
108,066
1,764,613
$1,872,679
118,350
1,798,654
$1,917,004
Operations and Investment Expense
Total expenditures
Excess of Revenue (expenditures)
Net Assets at Beginning of Year
Net Assets at End of Year
671,220
$2,543,899
1,340,297
14,931,730
16,266,299
788,841
$2,705,845
2,696,463
116,266,299
18,963,521

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
Winona Farmers Market $8,630
Ready Set School $5,000
Winona Area Chamber of Commerce REACH Program $7,500
Elder Network $7,000
Home & Community Options $10,000
Let’s Erase the Stigma $3,000
Family & Children’s Center $10,000
Catholic Charities $10,000
Winona Volunteer Services $7,500
Hiawatha Valley Mental Health Center $10,000
Frozen River Film Festival $10,000
Minnesota Marine Art Museum $8,630
Winona State Bridges Health $3,000
Semcac $10,000
Gamehaven Council #299 (Boy Scouts of America) $3,000
Engage Winona $10,000
TOTAL $118,350

Your Winona Community Foundation

As we present this annual report to you, we do acknowledging that 2021, while a better year for most, was still a challenge for many. We choose to celebrate the many positives that emerged from these challenges. Through your generosity, and that of our many fundraisers and donors, along with strong market growth, the Winona Community Foundation invested more than $1.9 million back into the vibrant place we call home. After several months of collecting community input, strategic planning sessions and engaging in transformational thinking, the Foundation announced our new mission and vision at the 2021 Founders Event. In the 2021 report, you will learn more about the incredible generosity of the Winona community, the 1st Annual Charity Golf Outing success, the Founders award program and the servant leadership of Phil Feiten, the 2021 Founders Award recipient, and a first-hand experience from one of our fund holders at the Foundation.

Download PDFs

2021 ANNUAL IMPACT REPORT
2020 ANNUAL IMPACT REPORT
2019 Annual Impact Report
2018 Annual Impact Report
990 Form