2018 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 2018, fund advisors distributed more than $1.4 million to charity and the board of directors more than tripled to $80,000 the amount awarded through its 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: | 2018 | 2017 |
|---|---|---|
| ASSETS | ||
| Cash Investments Other Prepays Total current assets | 59,099 12,628,121 5,945 $12,693,167 | 8,381 14,147,992 2,273 $14,150,606 |
| LIABILITIES | ||
| Accounts Payable Grants Payable Total current liabilities | 9,588 0.0 $9,588 | 13,401 26,486 $39,887 |
| NET ASSETS | ||
| General Restricted or Designated Total net assets Total liabilities and net assets | 1,233,182 11,450,398 $12,683,580 $12,693,168 | 1,366,502 12,744,218 $14,110,720 $14,150,607 |
| SUPPORT & REVENUE | ||
| Contributions Investment Earnings (losses) Other Revenue Total support and revenue | 1,480,797 (788,007) 241,439 $934,229 | 1,334,241 1,554,583 260,759 $3,149,583 |
| EXPENDITURES | ||
| Community Grants Advised Grants Advised Grants | 80,000 1,477,799 $1,557,799 | 27,903 1,348,141 $1,376,044 |
| Operations and Investment Expense Total expenditures Excess of Revenue (expenditures) Net Assets at Beginning of Year Net Assets at End of Year | 803,570 $2,361,369 (1,427,140) 14,110,720 12,683,580 | 923,229 $2,299,237 850,310 13,260,410 14,110,720 |
Community Grants
The Winona Community Foundation seeks to invest in community projects and initiatives that have great impact. It accomplishes this through the Wilmer & Beverly Larson Fund of the Winona Community Foundation and board directed granting. In 2018, the Winona Community Foundation invested $80,000 through its Community Grant Program:
| Organization | Amount |
|---|---|
| Engage Winona | $7,000 |
| Home & Community Options | $8,627 |
| Islamic Center | $1,500 |
| Winona Area Chamber of Commerce Foundation | $6,683 |
| Winona County DAC | $7,090 |
| Winona Friendship Center | $5,000 |
| Winona Park Development – Every Child’s Dream | $9,000 |
| Winona Police Department | $2,600 |
| WinonARTS/City of Winona | $10,000 |
| Family and Children’s Center | $5,000 |
| Habitat for Humanity | $9,500 |
| River Arts Alliance (Mister James and Mister Jeff) | $7,000 |
| Miscellaneous Support | $1,000 |
Your Winona Community Foundation Today
There are all new faces at the Winona Community Foundation in 2019! In May, Nancy M. Brown, CFRE, was appointed the executive director of the foundation. She brings more than twenty years’ experience in development and nonprofit administration. Anticipating the pending retirement of long-time finance director, Steve Smith, Sara M. Brandon joined the team at the foundation as a consultant in April and accepted a permanent position as finance director in June. Sara comes to the foundation with more than thirty-five years of experience in banking, trusts, and investments. Together, working with a dedicated volunteer board of directors, they strive to position the Winona Community Foundation as the Community Impact organization in Winona.