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:
20182017
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:

OrganizationAmount
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.

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2018 Annual Impact Report
990 Forms