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.

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2019 Annual Impact Report
2018 Annual Impact Report
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