2020 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 2020, fund advisors distributed more than $1.7 million to charity and another $95,000 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 2020
ASSETS
Cash
Investments
Other Prepays
Total current assets
71,698
14,855,974
4,058
$14,931,730
75,171
16,189,339
1,789
$16,266,299
LIABILITIES
Accounts Payable
Grants Payable
Total current liabilities
11,231
0.0
$11,231
7,203
0.0
$7,203
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
1,811,258
14,447,838
$16,259,096
$16,226,299
SUPPORT & REVENUE
Contributions
Investment Earnings (losses)
Other Revenue
Total support and revenue
1,932,663
2,428,672
235,427
$4,596,762
1,276,533
2,301,156
306,507
$3,884,196
EXPENDITURES
Community Grants
Advised Grants
Advised Grants
108,615
1,200,693
$1,309,308
108,066
1,764,613
$1,872,679
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
671,220
$2,543,899
1,340,297
14,931,730
16,266,299

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
Great River Shakespeare Festival $5,500
Habitat for Humanity – Winona and Fillmore Counties $7,500
Immigrant Law Center of Minnesota $2,500
Mid-West Music Fest $7,500
Minnesota Marine Art Museum $4,000
Ready Set School $5,000
Semcac $5,000
Buffalo County Land and Trails Trust (Flyway Trail Project) $8,200
Elder Network $5,000
Family and Children’s Center $10,000
Grace Place $5,000
Hope Harbor $5,000
Winona Symphony Orchestra $3,000
Project FINE $9,512
The Winona Family YMCA $5,000
Bridges Health Program (part of Winona State University) $7,300
TOTAL $95,012

Your Winona Community Foundation

We all know 2020 was a year filled with challenges. We could dwell on that or we can acknowledge and celebrate the many positives that emerged from those challenges. In addition to a new logo and website, the Foundation offices relocated to a suite in the Riverfront Building with easy access immediately off Walnut Street. A database conversion has improved efficiencies in communicating with our fund holders, processing gifts and grants, and managing relationships. In the 2020 report, you will learn about the incredible generosity of the Winona community in responding to the COVID-19 pandemic. And you will also learn about the revitalized Founders Award program and the servant leadership of JC Pfeiffer, the 2020 Founders Award recipient.

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