183 24 26018 https://digitalcollections.library.gvsu.edu/files/original/62aba431f1427f55e52483818a0baf1a.pdf fa814ec5cb303d3dc9b831ec73107b60 PDF Text Text Ci'AF Council of Michigan Foundations Serving grnntmakers. Advancing giving. TAB6 June 1, 2004 Memo to: S. Martin Taylor, Chair, and Members of the Board of Trustees From: Dave Egner, Susan Broman and Karla Hall, Co-Chairs Public Policy Committee and Vicki Rosenberg, COO Re: Public Policy Committee Report At the Board Dinner on June 9 you will have the opportunity to meet Julie Ford who will begin on July I as our second Public Policy F ellow . Julie cannot attend the Board Meeting on June 10 due to a fami ly obligation, but her resume is enclosed. We are excited about having her join the team, but we also have bittersweet feelings in wishing Brian Flahaven well in his next endeavor, wh ich we hope will still be in the nonprofit sector. With the unanimous support of the Pu blic Policy Committee, the following resolution is presented for your consideration and action. RESOLVED that the Board of Trustees of the Council of Michigan Foundations extends our appreciation to Brian Flahaven for your many contributions to CMF, our Public Policy Committee and the promotion of a strong nonprofit sector in Michigan through service as the first Public Policy Fellow for CMF, and we wish you continued success in your career endeavors of service and leadership. Brian's year of service with CMF ends on June 30. Once again, we offer our appreciation to the W.K. Kellogg Foundation and CMF's Ratmy Riecker Fund for providing the funding for this valuable position - the only position of its type with a regional association of grantmakers. As indicated below, the last five months have been exceptionally active for the Public Policy Committee. The range, pace, and quallty of accomplishments would not have been possible w ithout Brian's contagious enthusiasm, leadership and unabashed promotion of public policy. Summary of Committee Activities Early Matters zero to five Early Matters: An Early C hildhood Forum for Grantmakers & Policy Makers Early Matters is a partnership of the Public Policy Committee, Office of the Foundation Liaison, and the Family Foundations Ready by Five Study Group. A Steering Committee �Public Policy Report June 2004 Page 2 chaired by Susan Broman, Steelcase Foundation; John Colina, Colina Foundation; and Carol Paine-McGovern, Paine Family Foundation is leading this on-going initiative. The first Early Matters activity was an all day forum for grantmakers and policy makers held April 22, 2004 Forum in Lansing. Its goals were to: (a) build awareness/knowledge among public and private sector stakeholders; (b) bring new voices/visions to the discussion; and (c) encourage community-based action, new public-private partnerships, and system change. The Forum signaled an expanded role for the Committee- a facilitator of coordinated and aligned multi-sector work around specific issues. Over 60 foundation representatives, 25 state department staff (FIA, DCA, DOE, etc.), 15 service providers, and staff from the Republican and Democratic policy offices participated in the Forum. Participants were seated in mixed groups by region where they engaged in structured, facilitated dialogue and produced action plans. Evaluation results showed very high levels of satisfaction with the event, with particular emphasis on excellent plenary speakers and the mixed-group discussions. Speakers included: Gov. Granholm; Marianne Udow, Director, FIA; Joan Lombardi, Director, The Children's Project; and Joan Firestone, Early Childhood Director, Oakland Schools. Their remarks were captured on digital video for future dissemination and will be summarized in a post-event brochure and on the CMF website. The Forum was fully underwritten making it possible for state department and legislative staff and legislators to attend free of charge. The Committee thanks the following CMF members for their support: Colina Foundation, Cook Family Foundation, Fremont Area Community Foundation, Paine Family Foundation, Skillman Foundation, Steelcase Foundation, and Whirlpool Foundation. The Forum agenda, list of sponsors and Steering Committee members, and a May 6, 2004 CMF News Wire article on the event are attached for your information. Early Childhood Survey The Committee's work on Early Matters leveraged a contract from the W.K. Kellogg Foundation to conduct in-depth telephone surveys of over 100 Michigan foundations that fund early childhood issues. A report is due in July. The survey instrument was developed with input from an Advisory Committee comprised of Susan Broman, John Colina, Carol Goss, and Marvin McKinney. A team of graduate students and Brian Flahaven conducted the calls under the supervision of lead researcher Susan Miller. Aging Briefing, March 25, 2004 Sharon Gire, Director, Office of Services to the Aging, spoke to 25 foundation representatives about the implications of Michigan's aging population on policy related to land use, workforce development, and other issues at a March 25 Briefing in Lansing. The Briefing was designed in partnership with CMF members Glenn Kossick, Metro Health Foundation and Tim Wintermute, Hannan Foundation. A panel of funders �Public Policy Report June 2004 Page 3 presented their perspectives on this issue. A post-event recap and materials will be available in the Working with Govemment section of www.cmif.org. Working with Government Section of www.cmif.org The Public Policy section of the Working with Government area ofwww.cmif.org is updated regularly with news stories, public-private partnerships involving CMF members, and other important news about the Committee's six focu s issues. We invite all trustees to browse this excellent resource for grantmakers, legislators, and others. CMF Coverage of Early Childhood and other public policy priorities Toward achieving its goal of educating CMF members and increasing their awareness of the importance of public policy engagement and about the Committees, six focus issues, CMF published several articles in its print and electronic newsletters and on its website. These include: Memo to Members (April 2004) ~ Special Profile on Pat Babcock ~ Full page article on Early Matters ~ Full page article on the Foundation Liaison ~ Short article on the Early Childhood Survey Michigan Grantmaking Scene (Winter 2004) .~ Full page update on Foundation Liaison's role ~ Brief article on the Working with Government website ~ Article on K-12 Reform ~ Article on Governor Granholm's plenary session at 2003 Annual Conference with focus on Land Use and Early Childhood CMF News Wire (Spring 2004) ~ "Michigan IDA Partnership Update" (3.23.04) ~ "Foundations Increase Support for Health Policy Activities (3 .30.04) ~ "Foundations and State Policymakers Forge New Alliances in Early Childhood" (5 .6.04) E-Bulletin for State Policymakers In June 2004, CMF will launch its £-Bulletin for State Policymakers informed by focus groups and interviews Brian Flahaven conducted in early spring. Goals are to: inform elected officials about public policy issues from the foundation sector's perspective; and increase their awareness about the work of Michigan grantmakers and of CMF as a valuable information resource about that work. Public Policy Handbook In time for the 32nct Annual Conference, the Public Policy Committee will publish a grantmakers guide that covers the why, what, and how of advocacy work. The guide will include a case study of the W.K. Kellogg Foundation's advocacy work and several vignettes about the work of other CMF members. �Public Policy Report June 2004 Page 4 ATTACHMENT ONE 2004-2005 PUBLIC POLICY FELLOWSIDP - JOB DESCRIPTION Posit ion: R eports to: Public Policy & Philanthropy Fellow Vice President & COO Location: Grand Haven, Ml Date: February 2004 Position S ummar y Provide support to the Council of Michigan Foundations' (CMF) Public Policy Committee (PPC) including external relations, policy research and analysis, program development, writing, web content development and maintenance, participating in CMF staff meetings, annual strategic planning discussions and Board meetings. Specific Job Duties and R esponsibilities • • • • • • • Staff PPC. Write and disseminate monthly e-newsletter for legislators and state officials. Track and analyze legislation, new research, and member activity on six PPC issues (see Attachment One). Write reports, articles and material for the CMF website on six PPC issues. Expand Working with Government section ofCM F website. Contribute to: o CMF annual strategic planning process. o Design of public policy briefings and annual forum , annual conference sessions, educational workshops and other programs o CMF communications strategy. Prepare case studies on the policies and practices of three CMF member foundations for use in campaign to educate CMr members about the benefits of public policy engagement. • • • Attend PPC sponsored events, CMF Annual Conference, annual visit to Washington to meet with the Michigan delegation on legislative issues, state sponsored meetings, conferences, and other events. Attend meetings and make s ite visits to learn about one CMF public-private partnership such as the Michigan IDA Partnership. Attend CMF staff and Board meetings and other events of interest. Minimal Qualifications for the Position Successful candidate must be a spring 2004 graduate of the Gerald R. Ford School of Public Policy at the University of Michigan or of the Program in Public Policy at Michigan State University and have a serious interest in the non-profit and philanthropic sectors. The successful candidate must be: • A quick learner. • Comfortable serving i.n an external relations role. • Able to work well with others and have a good sense of humor. • Proficient in writing, research, analysis, a nd project management. • Able to meet deadlines. • A self starter and able to take initiative. �Public Policy Report June 2004 Page 5 ATTACHMENT TWO J ulie Lynn Ford Resume EXPE RIEN CE Aug 2002-present Institute for Public Policy and Social Research E . Lansing, Ml Graduate A ssistant under CarolS. Weissert and Douglas B. Roberts Work to link Michigan policymakers with the knowledge and research of the faculty and institutes of Michigan State University through educational public policy forums; produce IPPSR publications; help to train present and future political leaders and policymakers; and through IPPSR was commissioned tO research and write a report on the history of land use planning and policymaking in the state of Michigan for the Urban Research Interest Group at Michigan State University. Aug 2000-Dec 2000 Greer, Margolis, Mitchell, Burns & Associates Washington, DC Mentorship Jvith Dat;id E. Mitchell, partner at GMMB&A Worked in all areas of the public relations firm including the Fit for a Kid campaign, acting as a lia.ison behveen the DaimlerChrysler corporation and government officials; Onvia.com, putting rogether press lists for the dient and researching appropriate associations; and assistant tO Susan DiLiddo, working on various Gubernatorial, SenatOrial, and Representative 2000 political campaigns and making verification packets for television advertisements. E DUCATION Aug 1998-l'vfay 2002 Michigan State University E. Lansing, MI B.A., Public Administratio n and Public Policy with Ho nors, 3.52/ 4.0 GPA Aug 2002-May 2004 Michigan State Universit)' M .P.A., Public Administration and Public Po licy, 3.94/4.0 GPA E . Lansing, MI SKILLS AND ABILITIES • • • Excellent written and verbal communication skills D etail oriented and well organized which facilitates the ability tO work on several projects simultaneously and consistently meet deadlines Self starter willing to take initiative to start new projects or improve existing ones Skilled in Word, Excel, Power Point, Access, P ageMaker and other office programs Adept in statistical data analysis using programs such as SPSS and Stata ACHIEVEMENTS D ean's Hono r List at Michigan State University, Spring 1999, Spring 2000, Fall 2000, Spring 2001 , Fall 2002, Spring 2003, Fall 2003, and Spring 2004 Greek Excellence Award for a 4.0 outstanding grade point average, 2000 Granted semester study abroad experience at the University of New South \Xfales in Sydney, Australia, comparing the judicial and political systems of Australia and the United States, Spring 2000 Granted semester study program in WashingtOn, D.C., Fall 2000 �Public Policy Report June 2004 Page 6 EARLY MATTERS AGENDA & STEERING COMMITTEE Thursday, A pril22, 2004 8:30 am- 3:30 pm Radisson Hotel, Lansing Agenda 8:30am R egist ration & Networking 9:00am W elcome & Introduction Susan Broman, Executive Director, Steelcase Foundation 9:10am Highlights of Early Childhood Wor k in Michigan Jean Chabut, Chief Administrative Officer, Michigan Department of Community Health Marvin McKinney, Program D irector, W.K. Kellogg Foundation 9:30 am What W e Know About Ear ly Childhood Development Joan Firestone, Early Childhood Director, Oakland Schools Introduced by Carol Paine-McGovern, President, Paine Family Foundation l 0:00am Roundtable # I - The Research Vicki Rosenberg, Vice President & COO, Council of Michigan Foundations 10:15 am R emarks by the Honorable Jennifer M. G r anholm, Governor, State of Michigan Introduced by John Colina, President, Colina Foundation 10:45 am Break 11 :00 am Building a Strong Future for M ichigan's Kids Marianne Udow, Director, Family Independence Agency Introduced by Elizabeth Cherin, P resident/CEO, Fremont Area Community I Foundation ll :45 am Roundtable #2 & Lunch - Your E arly C hildhood Initiat ives Barbara Hall, Executive Director, Whirlpool Foundation 1:00pm Best Practices in Early C hildhood Policies a nd P rograms: A National Perspective & R eaction Joan Lombardi, Director, The Children's Project Introduced by Carol Goss, Vice President, Program, The Skillman Foundation 2:15pm Roundtable #3 - Taking Action Christian Velasquez, Trustee, Midland Area Community Foundation 2:45pm Roundtable Reports Thomas Cook, Executive Director, Cook Family Foundation �Public Policy Report June 2004 Page 7 EARLY MATTE RS Agenda cont. 3:15pm Remarks by Legislative Childre n's Caucus Co-Chairs Senator Patricia Birkholz Representative Michael Murphy Introduced by Karen Aldridge-Eason, Foundation Liaison, Office of the Governor 3 :25pm R emarks by Michigan Business Leaders for E ducation Excellence (M BLEE) James Sandy, Executive Director, MBLEE Jay Van Den Berg, Whirlpool Corporation 3:30pm Closing Comments Susan Broman, Executive Director, Steelcase Foundation �Public Policy Report June 2004 Page 8 Early Matters Sponsors Colina Foundation Cook Family Foundation Fremont Area Community Foundation The Joyce Foundation Michigan Business Leaders for Education Excellence Midland Area Community Foundation Paine Family Foundation The Skillman Foundation Steelcase Foundation Whirlpool Foundation Early Matters Steering Committee (CMF Public Policy Committee members appear in bold) Susan Broman, Executive Director, Steelcase Foundation (co-chair) John Colina, President, Colina Foundation (co-chair) Carol Paine-McGovern, President, Paine Family Foundation (co-chair) Dave Campbell, President, McGregor Fund Elizabeth Cherin, President/CEO, Fremont Area Community Foundation Thomas Cook, Executive Director, Cook Family Foundation Carol Goss, Vice President, Program, T he Skillman Foundation Barbara Hall, Executive Director, Whirlpool Foundation Marvin McKinney, Program Director, W.K. Kellogg Foundation Doug Paterson, Director of Family, Maternal, & Child Health, MDCH James Sandy, Executive Director, Michigan Business Leaders for Education Excellence Christian Velasquez, Trustee, Midland Area Community Foundation Amanda Price, Legislative Aide, Office of State Senator Patricia Birkholz �Public Policy Report June 2004 Page 9 CMFNEWS ARTICLE ON EARLY MATTERS Foundations And State Policymakers Forge New Strategic Alliances Mike Gallagher CMF Correspondent Foundation leaders and state policy officials took their first steps together in what promises to be a longterm strategy to find innovative and collaborative ways to support children and families throughout Michigan. The genesis of this new strategic alliance was the growing need by grantmakers and state officials to find better ways to protect, educate and advocate for Michigan children in a time of dwindling state resources. An April 22 event entitled: " Early Matters: Early Childhood Forum for Grantmakers and Policymakers" drew scores of fow1dation trustees and executives, public policy analysts, state department directors, legislators and Michigan's governor seeking to form coordinated collaborations on early childhood initiatives. A year in the making, the forum was developed with input from the business community, funders, legislators and state policy analysts and designed to provide these key stakeholders with an up-to-the-minute knowledge of what is happening in the areas of research, best practices and policy. The pairing of the public policy/philanthropic communities to address a single, imp01tant issue of statewide significance was the brainchild of the Council of Michigan Foundations (CMF) which sponsored the forum in Lansing along with the Office of the Foundation Liaison and the Legislative Children's Caucus. Most imp01tantly, this successful melding of public/private interests, ideas and resources is expected to be the catalyst to align ftmders and state policymakers on many other issues of mutual concern to ensure maximum impact with limited dollars, according to Michigan Gov. Jennifer Granholm. "The success of this initial joint effort by foundations and the state on issues of importance to both of us will spur more strategic collaborations and partnerships and the beneficiaries of these efforts will be all Michigan citizens, said Granholm. Forum Co-Chair Susan Broman, executive director of the Steelcase Foundation, was excited about the potential that emerged out of discussions held at the fomm. "An understanding was developed that both grantmakers and the state can bring something different and important to the table and that together we can form a terrific strategic alliance,'' said Broman. "Many great ideas were shared by both sides on how best to address early childhood development needs. Communication is the key and this hopefully is just the first of many state issues we will work on together." One initiative already credited to the new, ongoing dialogue between funders and state officials was announced at the forum by Marianne Udow, director of the state's Family Independence Agency. "We have created a Children's Cabinet within the administration where directors from all those agencies that touch in any way on a child's life get together and discuss what they are doing, look at new stTategies and make sure we are all working together," said Udow. "This is a lesson we have learned from foundations, how to maximize our impact through coordinated efforts and make best use of what resources we have," she added. Forum Co-chair John Colina, president of the Colina Foundation, challenged grantmakers and state policy expe1ts to continue to "break down the waUs between us" for the good of Michigan citizens. "This was a tremendous oppo1tunity to interact with the people responsible for setting state policy in these areas and to see where we as grantmakers can become involved and have the most impact," said Colina. The likelihood of success not only on new, early childhood development programs, but other equally important social needs such as health care, has been greatly enhanced in Michigan thanks to this emerging partnership between funders and state officials, said Joan Lombardi, Senior Policy Fellow at the National Institute for Early Education Research and one of tbe key note speakers at the event. "Both sides are now coming together to work toward positive, systemic change and that is when success is most likely,'' said Lombardi. " I believe this new model ofpartnering developed by CMF will set the standard that other states and their funders must emulate." Carol Goss, fomm co-chair and vice president/programs at The Skillman Foundation, agrees. "Having the opportunity to sit down with state policymakers and try to develop and discuss new ways to address these issues which are of importance to all of us, is a tremendous step fonvard," said Goss. "This is certainly the start of a great collaborative effort." �Public Policy Report June 2004 Page 10 One of the strategies used at the fonun was having policymakers and grantmakers meet in small groups separated by regions to promote dialogue on what can be done collaboratively at the local level, said David Farley, executive director of the Albion Commw1ity Foundation. "Every city and region has different needs and goals," said Farley. 'This discussion format allowed us to talk about how we can better utilize our resources locally and what impact state decisions are having on us. This type of strategizing can be done this way on any state issue where we have a common interest. [t really works." State Senator Patty Birkholz and Representative Michael Murphy applauded the work Michigan foundations have undertaken to help children in need and also for forging new relationships with state policymakers. "The work you are doing is so vitally important," said Birkholz. " Unfortunately the state at this time is not in a position to provide the financial resources needed to address all these concerns, but with the creation of these strategic collaborations between the public and private sectors we can accomplish much." Murphy echoed those sentiments, adding, "CMF's efforts in engaging its members to work with the state in the public policy process is a tremendous move forward for all of us. This collaboration brings together the best from both sides." For more infonnation about early childhood issues and foundation/state initiatives, check CMF's website at: www.cmif.org. lnforn1ation about the Forum and early childhood issues is available in the Working with Government section of the CMF website at www.cmif.org. CMF also will be producing a brochure in July highlighting best practices, suggestions and lessons learned from its Early Matters forum. A copy can be obtained by calling CMF at: (6 16) 842-7080. � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-06-10_Public-Policy Title A name given to the resource Council of Michigan Foundations 2004-06-10 board book public policy Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-06-10 board book public policy. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50562 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-06-10 https://digitalcollections.library.gvsu.edu/files/original/c8aee60732b9c573cc85dca6ea88b94d.pdf 7398f67535863260174e409b6c58ad75 PDF Text Text 06.10.04 Board Materials93.jpg �ISBN 1-891445-07-3 SusTAINABLE PAYOUT FOR FouNDATIONs Copyriglu ·C! 200-l h~ Cruubridge .l\.'i:o>Oei.1t~. Inc. i\11 rigl1ts. ('C:)t"f'\•ed . 06.10.04 Board Materials94.jpg �Introduction The Purpose of the Original Study At the request of several of our members, the Council of Michigan Foundations (CMF) retained Cambridge Associates, Inc. (CA) in the late fall of 1998 to evaluate the private foundation payout rate required by the federal government, based on the real returns of a group of Michi gan private foundations over a 25-year period. The purpose of this study was to evaluate the sustainable real (int1ation-adjusted) level of payout for private foundations in light of the actual experience of a sample of private foundations with diversified portfolios located in the State of Michigan. To that end, CA assembled and analyzed historical data from 48 Michigan foundations that had been in continuous operation since 1973, and included data up through the end of 1997 (a twenty-five year period). For the purposes of this study, several approaches were taken to answer the question of how much a fund can spend without depleting its real value over time1 : The actual returns earned by the sample group of Michigan foundations over the period 19731997 were analyzed to test whether the actual experience ofthese foundations tracked closely with index results over the same period. While most payout studies had concentrated on modeling index data, there had not been an attempt (to our knowledge) to examine the actual experience of private foundations prior to this study. In addition, the actual spending history of the sample foundations was analyzed over the same period to detem1ine the foundations' ability to comply with the 5% spending mle given the market volatility of the last three decades. The results of this sh1dy were published in April of 2000, and are availabl e on th e Council of Mich igan Foundations website at www.cmif.org/ documents/payout. pdf Using historical index returns, analysis of hypothetical portfolios invested 65% in U.S. equities and 35% in U.S. bonds from 1969-1998 was reviewed to determine what would happen if a foundation's annual spending was set at various annual rates. ' For the purposes of the ach1al historical spending analysis, data from all48 foundations in the sample group were used. For the purposes of the actual historical returns analysis, returns data from 33 of the 48 foundations were used, excluding those 15 foundations with significant single-stock holdings. A STUDY COMMISSIONED BY THE C OUNC IL OF M ICHIGAN FOUNDATIONS 06.10.04 Board Materials95.jpg �The Purpose ofthe Current Update Conclusions Given the extreme market movements (up and down) since 1997, we wanted to update the basic data of the original study to see how the passage of five more years (1998- 2002) influenced the data and conclusions of the original report. In keeping with the April 2000 study, the first part of this update will focus on the actual investment returns and payout histories of the Michigan sample group between 1973 and 2002 (a now thirty-year period). The second part examines the direct effects of various payout rates on real payout levels and market values of the hypothetical 65/35 index portfolio described above. As noted in the 2000 study, a 65/35 blend was chosen because it approximated the average asset allocation of the sample group. The inclusion of updated market data from 19982002 confirms the major points of the original study: 2 SusTAINABLE PAYOUT FOR FouNDATIONs Updated simulations using historical index data from 1969 -2002 confirm that a 5% spending rate is probably too high to maintain purchasing power in perpetuity. The addition of return data from 1998-2002 shows that the market value ofa fund spending 5% during this 34-year period would end up below its 1969 value in real terms by 2002. The actual return experience of a sample of Michigan foundations does not support a rate of higher than 5%, either. Adjusted for inflation, average annualized returns for the sample group over the past 25- and 30-year periods are only slightly above IRS mandated payout rate of5%, at 5.27% and 5.08%, respectively. Copyriglu ·C! 200-l h~ Cruubridge .l\.'i:o>Oei.1t~. Inc. i\11 rigl1ts. ('C:)t"f'\•ed . 06.10.04 Board Materials96.jpg �Part I the passive index blend were very close, while the inflation-adjusted return for the sample foundations exceeded the current 5% rule by only 27 basis points. The results for the thirty year period 1973-2002 period are much the same, though the difference between the passive b lend and the foundation sample narrowed significantly. Inflation-adjusted returns declined from 5.27% for the 25-year period ending 1997 to 5.08% for the 30-year period. Return Experience of the Response Pool As noted above, prior to the publication of our study in 2000, much of the analysis regarding the sustainable level of spending for private foundations was done by modeling passive index returns. The chart below illustrates to what extent the actual returns of the foundations in the Michigan sample group mirrored those of a hypothetical portfolio constructed with passive indexes (composed of the same 65%/35% split outlined above). More importantly, it also illustrates the extent to which actual foundation returns fell short of or exceeded the 5% payout rule adjusted for inflation. In both periods shown below, returns are since 1973, with the returns reported in the original study shown on top and the returns through 2002 shown below. ror the 25-year period between 1973 and l 997, actual returns for the Michigan group and The initial conclusions of the 2000 study appear to be confirmed by the addition of five more years of data (see chart). In 2000 we noted that modeling based on passive indexes was likely to provide a reasonable approximation of actual foundation experience. We also concluded that, in order for foundations to be sustainable over long periods of time, a payout rate of 5% was appropriate. HISTOR I CAL RATES OF RETURN 1973-97 Return.~ (25 Index Portfolio Returns Year.~) Actual Foundation Returns Nominal 11.80 % 11.04% Inflation-adjusted 6.00 % 5.27% 1973-02 Returns (30 Years) Index Portfolio R eturns Actual Foundation Returns Nominal 10.37% 10.28 % lnflation-adjus ted 5.17 % 5.08% A STUDY COMMISSIONED BY THE COUNC IL OF MICHIGAN FOUNDATIONS 06.10.04 Board Materials97.jpg 3 �IRS Payout Requirements Exhibit 1 plots the weighted average payout ratio for the foundation sample group from 1973 to 20022. A horizontal line is drawn beginning in 1982 to indicate the period in which the 5% payout rule was in force. As noted in the original report, prior to 1983 actual payout rates averaged 6.6%, since payout requirements mandated the higher of adjusted net income (including interest and dividends) or a "minimum investment return" ranging from 4.375% to 6%. Average payout between 1983 and 1993 was actually below the 5% level for the following reasons: In the five years following 1993, payout rates hovered around the 5% mark with relatively little volatility. 1998-2002 Update A vertical line is drawn at 1998 to indicate the period for which data was added since the April2000 report was published. Since 1998, foundation payout rates have stayed quite close to the mandated 5% level, continuing the trend begun in the early 1990s.3 The IRS allowed carry-forward credits for over disbursements in years prior to 1982. Higher bond and equity valuations, coupled with a one-year grace period for payout requirements, resulted in effective annual disbursements of less than 5%. 2 Exhibit l serves to update Exhibit 4 from the April, 2000 report. However, this graph is dollar-weighted, giving the few largest foundations disproportionate weight. If we remove the single largest foundation from this analysis, volatility around the 5% mark actually increases between 1999 and 2002. This may be more reflective of the typical foundation 's experience during this period. As equity markets surged i11 the late 1990s, effective payout rates dropped below 5%, and as markets slumped after 2000, payouts spiked significantly. 3 4 SusTAINABLE PAYOUT FOR FouNDATIONs Copyriglu ·C! 200-l h~ Cruubridge .l\.'i:o>Oei.1t~. Inc. i\11 rigl1ts. ('C:)t"f'\•ed . 06.10.04 Board Materials98.jpg �Part II The Effect of Various Spending Rates on Real Payout Levels and Fund Market Values Since the analysis in the previous section demonstrated that a blend of passive indexes approximates the return history for the Michigan sample, we can use that same passive index blend to illustrate the effect of market cycles on Foundation assets and payout of long periods of time. This is shown in Exhibit 2. Findings from 1969 - 1998 The period shown here begins towards the end ofthe great bull market of the 1950s and 1960s. By 1968, the diversified Michigan foundations we surveyed had over 50% of their assets allocated to equities, virtually all invested in U.S. stocks. In the decade ofthe 1970s that followed , stocks posted anemic nominal returns and negative real returns. By 1998, only the funds spending 4% and 5% had maintained their real asset values (having taken nearly thirty years just to regain their 1969 levels), while the 6% and 7% funds remain substantially poorer than they were in 1969. Effects ofthe Recent Bear Market W hile market values continued to rise between 1998 and 2000-bringing all funds except the one spending 7% above their 1969 payout levels for the first time in 30 years-the subsequent bear market since 2000 has returned all but the 4% fund to sub-1969 levels. As of2002, on ly the 4% fund had preserved its real wealth since 1969, while even the 5% fund had declined nearly 18% from its begitming real value. Between 1998 and 2002, there was a 31 % decline in real market value for the fund spending at the 5% mandated level. Note that by the end of 1998, real inflationadjusted sp ending for each of these funds remained below the 1969 level of $5, with the sole exception of a hypothetical fund spending 4%. A STUDY COMMISSIONED BY THE C OUNC IL OF M ICHIGAN FOUNDATIONS 06.10.04 Board Materials99.jpg 5 �Variable Versus Constant Spending Rates in a Bear Market The two charts in Exhibit 3 are designed to show the effects on a fund that succumbs to pressure to raise payout towards the end of a bull market. Both funds are invested 65% in U.S. equities and 35% in U.S. bonds. Fund A, however, follows a steady 5% payout (computed on a four-quarter basis), while Fund B employs a variable rate. Specifically, Fund Braised its payout rate at the end of the bull market of the late 60s, increasing payout from 5% in 1969 to 7% in 1973. As a result of the ensuing bear market, Fund B gradually reduced its payout to 5% again by 1978. For the purpose of this exhibit, we assume that Fund B again adjusts its distributions during the late 90s, raising payout rates to 5.5% in 1997,6% in 1998,6.5% in 1999, and 7% in 2000. As a result of the bear market that began in 2000, payout is reduced to 6% in 200 1 and 5% in 2002. As a result of Fund B 's increasing payout rates during the bu 11 market of the 1990s the disparity between the two funds' real m~rket value widens, further impairing Fund B's futu re spend ing level-which by 2002 has dropped almost 20% below its 1969 level in real dollar terms. Through 1998, cumulative spending from both funds over the period was nearly identical (Fund A had cumulative spending of$94.82 per $100 of original value, while Fund B had $94.1 7). Nonetheless, the higher absolute spending achieved by Fund A by the end of the period means that if the two funds follow identical spending rules, in the long run Fund A will have a higher cumulative spending. This is exacerbated if Fund B continues to vary its spending heading into a bear market. Because it has paid out more, Fund B is more severely depleted than Fund A in the subsequent market decline, and its spending consequently lags that of Fund A when the markets recover. Although the real market value of both funds has recovered by 1998 (Fund B having just exceeded $100 million again), both are still spending less in 1998 than they did in 1969 i_n real dollar tem1s. 6 SusTAINABLE PAYOUT FOR FouNDATIONs Copyriglu ·C! 200-l h~ Cruubridge .l\.'i:o>Oei.1t~. Inc. i\11 rigl1ts. ('C:)t"f'\•ed . 06.10.04 Board Materials100.jpg �Conclusions The question raised by Cambridge Associates' original study in April 2000 was: What is the sustainable level of payout for private foundations? The analysis perfmmed then suggested that payout rates above 5% will result in the erosion of both a foundation's real asset value and its real payout distributions over time. The data included in this update reaffirm those conclusions. Past levels of index returns (using index data as a proxy) do not support a payout rate above 5%. The long-term historical actual returns from a sample ofMichigan foundations do not support a rate of higher than 5%. The more recent data ( 1999- 2002) illustrate the negative effect even short-term market fluctuations can have on a foundation's ability to maintain long-term historical real returns above 5%. Accordingly, the current 5% payout rate provides founding donors with a reasonable expectation that real payout will be maintained in perpetuity. To raise the currently mandated rate would eliminate that expectation by undermining the ability of private foundations to provide a sustainable level of real payout over time. Looking briefly to the future, if market valuations cannot sustain their current high levels (more than a full standard deviation above historical averages), foundat ions will be hard pressed to generate inflation-adjusted returns above the 5% required payout. While the focus of this study is to ascertain a sustainable level of payout for foundations and not to argue in support of sustainability, it bears pointing out that real payout levels and market valuations of private foundations could be particularly sensitive to a change in required payout rates over the next I 0 - 20 years. Varying spending rules based on market movements (i.e ., raising payout after periods of strong market returns) can have a significant, detrimental effect on long-term cumulative payout levels. A STUDY COMMISSIONED BY THE COUNC IL OF MICHIGAN FOUNDATIONS 06.10.04 Board Materials101.jpg 7 �Exhibit 1 RESPONSE POOL PAYOUT RATES Foundation Real Weighted Returns & Spending R ates --Spending Rates - - Legal Minimum Spending 10.00% 9.00% 8.00% 7.00% 6.00% 5.00% (Variable Rule in Force) 4.00% 3.00% 2.00% 1.00% 0.00% t---,--,,--~--.--,--~--.--,,--~--.--,--~-L-.--,,---, Source: Response pool comprised of all 48 Michigan foundations who responded to the survey. Note: 8 Prior to 1982 a higher of adj usted net income or variable percentage rule was in force. From 1982 on a constant 5% rule was mandated. SusTAINABLE PAYOUT FOR FouNDATIONs Copyriglu ·C! 200-l h~ Cruubridge .l\.'i:o>Oei.1t~. Inc. i\11 rigl1ts. ('C:)t"f'\•ed . 06.10.04 Board Materials102.jpg �Exhibit 2 REAL SPENDING SIMULATION 65% U.S. I 35% U.S. FIXED INCOME SPEND V ARlOUS % 'sOFA FOUR-QUARTER AVERAGE BEGINNING MARKET VALUE (Calendar Years 1969-02) Real Spending $7.00 '\ Spend 7% $6.00 $5.37 $5.00 . $4.87 $4.2 1 $4.00 $3.52 $3.00 $2.00 Spend 4% $1.00 $0.00 Rea l Fund Marke t Values After Spending $180.00 $160.00 $140.00 $120.00 $ 116.28 $100.00 $80.00 $82.96 $60.00 $58.83 $40.00 $41.46 $20.00 $0.00 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 · · · · · · Spend 7% - - - Spend6% - ··-Spend 5% - - -Spend4% Assumptions: - Begin with $100 million on January I, 1969. -Constant asset allocation of65% U.S. stocks and 35% U.S. fixed income rebalanced to target policy each year. - Performance is based on annual market index data. A STUDY COMMISSIONED BY THE COUNC IL OF M ICH IGAN FOUNDATIONS 06.10.04 Board Materials103.jpg 9 �Exhibit 3 REAL SPENDING SIMULATION 65% U.S. STOCK I 35% U.S. FIXED INCOME VARIABLE VERSUS CONSTANT SPENDING RATES IN BEAR MARKET (Calendar Years 1969-02) Real Spending - BEAR MARKET - $7.00 BEAR MARKET BULL MARKET - $6.00 $5.00 $4.87 $4.00 $4.04 $3.00 $2.00 $ 1.00 $0.00 Real Fund Market Values After Spending BEAR MARKET $140.00 - BEAR MARKET BULL MARKET - $120.00 $100.00 $80.00 ' $69.29 $60.00 Fund B $40.00 $20.00 $0.00 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ * ~ ~ ~ ~ ~ ~ ~ ~ ~ I· · · · · · Fund B - - -Fund A I Assumptions: -Fund A: Spend 5% of a 4 quarter average beginning market value each year. -Fund B: Spend 5% in 1969, 5.5% in 1970, 6% in 197 1, 6.5% in 1972, 7% from 1973 through 1975, 6.5% in 1976, 6% in 1977, 5% from 1978 to 1996, 5.5% in 1997, 6% in 1998, 6.5% in 1999, 7% in 2000, 6% in 200 1 and 5% in 2002. All annual spending is of a 4 quarter average beginning market value. -Begin with $100 million on January I, 1969. -Constant asset allocation of 65% U.S. stocks and 35% U.S. fixed income rebalanced to target policy each year. - Performance is based on annual market index data. }0 SUSTAINABLE PAYOUT FOR FOUNDATIONS Copyriglu ·C! 200-l h~ Cruubridge .l\.'i:o>Oei.1t~. Inc. i\11 rigl1ts. ('C:)t"f'\•ed . 06.10.04 Board Materials104.jpg � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-06-10_Sustainable-Payout-for-Foundations Title A name given to the resource Council of Michigan Foundations 2004-06-10 board book sustainable payout for foundations Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-06-10 board book sustainable payout for foundations. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50563 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-06-10 https://digitalcollections.library.gvsu.edu/files/original/12b85aa00798316cdecf286943479dd7.pdf c1d734aa59ab650594bfaccd72fd445c PDF Text Text CMF Cou ncil of M ichigan Foundat ions Serving grantmakers. Advancing giving. Board of Trustees Meeting Wednesday, November 3, 2004 8:30a.m. Hyatt Regency, Dearborn DeSoto Room AGENDA I. TAB Call to Order S. M artin Taylor Introductions and Welcome to New Trustee, Carol Goss ACTION ITEMS II. Approval of Minutes June 10, 2004 Board ofTrustees M eeting September 30, 2004 Executive Committee Minutes III. Treasurer's R eport Banking R esolutions Lloyd Yeo 2 IV. Investment Committee Robert Swaney 3 V. Sandy Ulsh Nominating Committee Recognition of "Graduating" Trustees 4 VI. M embership Committee 5 VII. Government R elations Committee Libby Maynard 6 VIII. Learning to Give 7 B etsy Upton Stover Russ Mawby �Board Meeting Agenda 11 /3/04 Page 2 REPORTS IX. Special Update on 32"d Annual Conference Sandy Ulsh & Russ Gabier 8 X. Public Policy Committee 9 David Egner XL Family Philanthropy Committee Julie Cummings 10 XII. President's R eport 11 XIII. Future Meeting Dates Next Board Meeting: March 8 & 9, 2005 XIV. Other Business XV. Adjournment Rob Collier Thursday, March 3, 2005 University Club, Lansing Foundat ions on the Hill! Washington, D .C. S:\Boards and Commitees\CMF\Board\2004\ 11.3.04MtgMaterials\DraftAgenda ll-3-04.doc � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Board-Agenda Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book board agenda Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book board agenda. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50564 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/6c4af59bbb0844762401f0316bebc359.pdf fb6c8127f146287f6b5e7efc9fbe4369 PDF Text Text CMF Council of Michigan Foundations Serving grantmakers, Advancing giving, October 25, 2004 TO: S. Martin Taylor, Chair, and Members of the Board ofTrustees FR: Sandra Ulsh & Russ Gabier, Co-chairs, Annual Conference Committee Vicki Rosenberg, Vice President & Chief Operating Officer RE: 32"d Annual Conference - SPECIAL UPDATE!! Grantmaking With Trust & Integrity November 3-5, 2004, Dearborn We look forward to having you with us at the 32nd Annual Conference, Grantmaking with Trust & Integrity, which starts at 12:30 p.m., on Wednesday November 3rd with Networking Lunches. Registration materials will be given to you at the Board Meeting. Conference Design In addition to three plenary sessions, six mini-plenaries and 24 concurrent sessions, the 32"d annual conference offers registrants several excellent opportunities including; • Two Experienced Grantmaker Seminar.5, an increase from the one offered in prior years: "The Role ofPower & The Power of Role" with GrantCraft; and "GIS Mapping Systems" with Dr. Larry Gant, University of Michigan. • New Jl1icro-Workshops, quick lessons on effective use of technology including the CMF website, GuideStar, GIS mapping and on-line grant applications. • Six Site Sessions. • 2/1{1 Annual CMF/GrantCraft Pre-Conference Invitational Workshop on change management; and Building Strong & Ethical Foundatiom with the Council on Foundations. • Ask the Expert appointments on governance, evaluation, grantmaking, change management, strategic communication, the Patriot Act and foundation effectiveness. • Breakfast Roundtables on topics from "The Role of Philanthropy in Venture Capital" to "Entrepreneurial Leadership" and "Early Childhood." • Exciting evening events- Wednesday at the Hyatt honoring the Ford family as Honorary Chairs with special entertainment by the SPINX organization and a special edition ofNPR's Wait, Wait ... Don 't Tell Me with host Peter Saga!; and The Sands of Time Party at the Henry Ford Museum wjth drummers, dancers and a middle eastern ensemble and singer to celebrate Dearborn. PROMOTION In addition to direct mail, blast email, fax and phone, this year we have tried Annual Conference E-Bulletins on each of the four Monday's preceding the conference week. Each bulletin has an article on a high profile speaker or session, links to registration, and information on special opportunities. �32"d Annual Conference Report October 25, 2004 Page 2 Registration As of October 25, full registrations were at 68% of budget and partials were at 62% of budget (see Table One below for details). We are pleased that 56% of registrations were made on-line, 6% more than last year indicating increased use of the web. Final numbers will be provided at the Board meeting. Final registration numbers are expected to be close to last year's total of705 by the time we meet in Dearborn. Several factors may have contributed to the below expected registration numbers including: the Nov. 2"ct election, economy, location (many fami ly foundations plan to attend the 2005 conference in Traverse City and to skip Dearborn), and competing fall conferences such as the COF Community Foundation Conference in Minneapolis earlier this month, and the Independent Sector Conference in Chicago the week of November 7. Considering the fiscal impact of low registrations, we recommend conducting a member survey and focus groups to inform future planning. REGISTRANTS Full Partial Comp-staff, speakers, partners Total BUDGETED 400 250 130 2004ACTUAL (as of 10-25) 273 156 197 2003 Final Registrations 328 227 150 Varia nce 2003 to 2004 (55) (71) 47 780 626 750 (125) SPONSORS & EXHIBITORS CMF is grateful to the many sponsors who have contributed $143,000, a 9% increase ($11 ,000) over 2003 sponsorships. In addition, several CMF members are providing support through underwriting session expenses. We are pleased to have reached our goal of obtaining 10 Conference exhibitors which generated $17,000 in revenue. Please visit with the Exhibitors during the Conference and thank them for their support. Save the dates now - the 33rct Annual Conference will be held at t he Grand Traverse Resort in Traverse City from October 10-12, 2005 1:\VRosenberg\Annual Conf2004 - memo to Board I0-25.doc � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Conference-Committee-Report Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book conference committee report Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book conference committee report. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50565 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/66cdfffdae1aaf69773399e26f9c6392.pdf b16d18da9e6a51270cb83b673bb5c860 PDF Text Text CMF Council of M ichigan Foundat ions Serving grantmakers. Advancing giving. October 25, 2004 To: S. Martin Taylor, Chair & Members of the CMF Board of Trustees From: Julie F. Cummings, Vice Chair, Private Foundations & Chair, Family Philanthropy Committee Susan Howbert, Director, Family Philanthropy Services Re: Family Philanthropy Report We are pleased to highlight the following activities for family foundations since the June Board Meeting. The 2005 Family Foundations Retreat will take place on June I 0 - 12 at the Grand Traverse Resort. Family Foundations Summer Reception Forty family foundation trustees enjoyed a delightful evening on July 22 at the Bay Harbor home of Bob and Judy Hooker, Robert L. & Judith S. Hooker Foundation. Judy is a past board chair ofCMF. The summer reception provided a wonderful opportunity for members to network, and to hear an important update on the congressional hearings focused on further regulation of the charitable sector. Special guests included Nancy Drew - artist, author and designer - from Niles Michigan, who has volunteered to be artist in residence at a future Annual Conference. Be Ready by Five, A Family Foundations Learning and Support Group A group of family foundation trustees, formed over three years ago, continues to meet regularly and discuss the issues of early childhood and school readiness. Recently Be Ready by Five meetings have focu sed on visiting early childhood programs in different regions of the Michigan. The committee met in Grand Rapids on June 3 to make a site visit to the Child and Family Resource Council to learn about the H ealthy Start program, the Advocacy Project, and the Connections for Children project. On September 13, the group met in Owosso to visit the Shiawassee ABC. The next site visit meeting will take place in the Southgate/Grosse Ile area in early 2005. The group recently developed a brochure featuring grant ideas for all types of programs (Health, Arts, Religion, Education and Environment) to help Michigan's youngest �Family Philanthropy Report October 25, 2004 Page 2 citizens. The brochure will be distributed to all of Michigan's family foundations. (A copy is in the back pocket of the Board meeting notebook.) In addition, the members of Be Ready by Five are hosting a reception in the fami ly foundations hospitality suite (Room 501) on Wednesday, November 3 at 5 p.m. and welcome any CMF trustees who are interested in learning more about their activities. Family Foundations Newsletter-The Family Philanthropist CMF has completed its first year of collaboration with the Ohio Grantmakers Forum (OGF) on the development and production of a national regional association family foundations newsletter. The newsletter with an annual subscription price of $20 per family foundation member of the subscribing regional association, was developed to be a valuable marketing tool for new members as well as a "value-add" for current members. The recent edition included articles that contained practical tips and advice for family foundations regardless of size or age, written by experts such as Judith K. Healey and Marcus Owens. (A copy is also in the back pocket of the Board meeting notebook.) Charter subscribers included Donors Forum of Chicago, Connecticut Council of Philanthropy, Delaware Valley Grantmakers, Indiana Grantmakers Alliance, Council of New Jersey Grantmakers, Grantmakers of Oregon and SW Washington, Rochester Grant.makers Forum, San D iego Grantmakers, D onors Fomm of South Florida, and Washington Grantmakers. Family Philanthropy Committee Conference Call The Family Philanthropy Conunittee met on Wednesday, October 13 via conference call. Julie and Susan announced the wonderfu l news that Betsy Stover has accepted the invitation to be the next chairperson of the Family Philanthropy Committee. She will cochair the committee with Julie for the next year prior to assuming chairmanship. In addition to reviewing past 2004 programs and activities, the committee discussed new programming ideas for family foundations. Consensus was reached on holding small regional gatherings in members' homes throughout Michigan as networking and recruiting events; and taking a fami ly philanthropy study trip to New York City in the fall of2005. Committee members who participated in the call besides Chair Julie Cummings included: John Colina, Colina Foundation, Tom Cook, Cook Family Foundation, Richard Levey, The Shiffman Foundation, Carol Paine-McGovern, Paine Family Foundation, Jennifer Poteat, Harry A. & Margaret D. Towsley Foundation, and Betsy Stover, Frederick S. Upton Foundation. � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Family-Philanthropy Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book family philanthropy Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book family philanthropy. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50566 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/9f60827545548279e997cc9007fcd77b.pdf 31871d2ed6ccf1b11fc54e614ec8bec6 PDF Text Text CMF Cou ncil of M ichigan Foundat ions Serving grantmakers. Advancing giving. October 26, 2004 Memo to: CMF Board of Trustees From: Lloyd J. Yeo, Chair CMF Audit & Finance Committee RE: CMF 9-30-04 Financial Statements RESOLVED that the September 30, 2004, Financial Report, as recommended by the Audit & Finance Committee, be approved. On October 8, 2004, the Audit & Finance Committee met to review the August 31 , 2004 Financial Report. To provide the Board ofTmstees with the latest fmancial report, the committee agreed to review the September 30, 2004, by e-mail notification, pending no major changes from the 8-31-04 statements. Because there were none, the committee recommends the enclosed statements for approval. Core Operations Note 1: Member Contributions The W.K. Kellogg Foundation membership grant and additional membership contribution of $ 150,000 is being processed with receipt expected in November. Note 2: Conference & Meetings As of October 22"d registration figures for the Annual Conference were: Full Registrations Partial Registrations Speakers etc. Bud2et 400 250 130 780 Actual 273 149 176 598 With full registrations, and consequently hotel room reservations, running behind our contracted commitment with the Hyatt, there is a potential liability of $50,000-$60,000 to cover the short fall in revenue that would h ave generated from these rooms. �Treasurer' s Rep011 October 26, 2004 Page 2 Note 3: Wages & Benefits The variance from budget is due to the departure of the program associate in the Detroit office in March 2004. After exploring various options for staffing this position, Susan Howbert discovered an opportunity to share 40% of this position (and cost) with the John & James Knight Foundation, which was looking for a part-time support person for its Detroit office. We are pleased to announce that Beverly Spriggs started this position on September 27, 2004. Note 4: Publications & Printing The variance from budget is due to the Foundation Center fees to produce the 14'11 Edition of the Foundation D irectory; which have not been billed to CMF as of9-30-04. The Directory is scheduled for release in late November or D ecember of this year. Note 5: Professional Services Based on a review of the 990 PF for some of our corporate foundation members the issue regarding expenses that a corporation can charge to its foundation needs clarification. This issue revolves around the disqualified persons rules for private foundations and expenses that can be charged from the corporation. CMF has enlisted the help of our legal counsel Clark Hill and COF to offer guidance on what we feel is an issue for the entire country. News clip service Public Affairs Legal Audit Fees Not So Basic (training) 984 6,000 7,802 4,258 1,042 Note 6: Travel Travel Auto Meals Hotels 4,174 12,962 1,596 4,689 Russell G. Mawby Fund Association Dues MNA Sponsorship Grantmakers Grantseekers Michigan Women's Foundation Sponsorship Governor's Service Award Dinner National Philanthropy Day, W MI Chapter Fund Raisers MNA Nonprofit Day Sponsorship $1 ,000 1,500 350 500 500 �Treasurer' s Rep011 October 26, 2004 Page 3 Publications I Establishing A Charitable Foundation Brochure 273 I II ,3 15 I 4,615 I Professional Fees I Clark Hill Accountability work Meetings I Members' Meeting Kalamazoo June 04 Russell Mawby F und for Kids Summer Intern 30% of CF Program Associate Y AC Stipends 6,39 I 7,704 500 MCFYP Endowment MI Campus Compact Student Service Award! Travel & Registration Fees- CF Program Associate andYACers Y AC Sununer Conference CMU June 2004 500 5,7I4 21,714 Riecker Leadership Fund This fund is being used to support 25% of the Public Policy Fellow starting 7 - I -04, with the other 75% being supported by a grant from the W .K. Kellogg Foundation. S:\Boards and Commitees\CMF\Board\2004\ 11.3.04MtgMaterials\Treasuret's Report.doc �Council of Michigan Foundations & Supporting Organizations Consolidated Balance Sheet September 30, 2004 II CMF Core& Special Projects ASSETS Cash & Equivalents Investments Grants Receivable Due From Other Funds Property, Plant & Equipment- Net Other Assets Total Assets LIABILITIES Accounts Payable Other Liabilities Grants Payable Total Liabilities NET ASSETS (FUND BALANCE) Unrestricted & Temp Restrict. Endowment Funds KYIP Fund Total Net Assets Total Liabilities & Net Assets $1,085,985 2,122,954 3,379,519 619,479 32,841 $7,240,778 Endowment Funds $235,473 12,107,978 266,859 $12,610,310 Supporting Organizations Michigan AIDS MCFV Fund $14,901 ,676 (3,604,207) 23,614 $11 ,321,083 $486,960 388,181 (42,171) 15,097 6,442 $854,509 $11 ,195 99,865 111 ,060 0 7,129,718 0 237,544 237,544 455,020 616,965 Total $16,710,094 12,107,978 2,511,135 0 658,190 39,283 $32,026,680 $11 ,195 99,865 237,544 348,604 7,129,718 12,610,310 10,866,063 11,321,083 616,965 8,201,703 12,610,310 10,866,063 31 ,678,076 $7,240,778 $12,610,310 $11,321,083 $854,509 $32,026,680 12,610,310 �Council of Michigan Foundations & Supporting Organizations Consolidated Statement of Activities and Changes in Net Assets 4-1-04 to 9-30-04 Council of Michigan Foundations _ _ _ ____.!1 '------=:.:.:.;:.:;.;;.;..;.=:..:.:..ll::::.:.~:-:::;;:.::.:::.:.:.:.::... Core Operat ions Revenues Spendable Income Member Contributions Additional Member Contributions Other Grants Conference Income Publications & Library Services Other Income Investment Income Total Revenues Program/Admin Expenses Wages & Benefits Occupancy Telephone Equipment Lease & Maintenance Postage Supplies Insurance Equipment & Furniture Depreciation Computer Association Dues Books & Subscriptions Publications & Printing Professional & Contracted Services Travel Training & Seminars Conference & Meeting (Gain)/Loss sale of fixed assets Overhead Allocation to Spec Proj Total Program/Admin $0 667,272 11 ,710 248,267 4,226 5,127 12,440 949,042 369,936 26,306 9,215 3,438 10,530 13,021 4,193 15,023 0 18,972 18,072 2,603 35,881 20,085 23,423 3,229 118,539 (2,350) (6,660) 683,456 Special Projects $0 677,283 500 1,286 31,939 12,516 723,524 638,746 15,626 5,746 4 ,044 12,829 38,790 2,109 0 0 110,539 513 5,548 44,076 342,780 27,745 5,726 11,454 6,660 1,272,931 CMF Endowment Funds $520,500 10,600 25,269 556,369 17,931 29 CMF Total $520,500 667,272 11,710 677,283 259,367 5,512 37,066 50,225 2,228,935 $0 $0 47,557 157,057 (251,780) (204,223) 2,913 159,970 1,026,613 41 ,932 14,961 7,482 23,388 51 ,81 1 6,302 15,023 33,383 128,241 14,842 2,692 755 1,513 20,117 1,244 342 129,511 22,935 8,401 80,230 374,181 55,458 10,640 156,322 4 ,310 (6,660) 2,022,840 37,684 . 4,350 250 273 11,316 4,290 1,685 26,329 66,453 Supporting Organizations Michigan AIDS MCFV Fund . . . . . . . . . . . . 29 . (265) 139,917 . 97 . (56) . 210,789 3,709 709 4,825 115,21 1 4,963 385 3,410 302,958 GRANTS Challenge Grants Mini-Grants Computer Grants Other Grants Total Grants Excess Revenues Over Expenditures Beginning Net Assets Transfer from MCFV Change in Net Assets Ending Net Assets 0 0 0 0 0 0 0 0 716,438 716,438 265,586 (1 ,265,845) 1,321 ,535 265,586 $1,587,121 6,808,442 (1 ,265,845) $5,542,597 . . 489,916 12,641,874 (980) (30,584) $12,610,310 . 716,438 716,438 . 2,100,000 2,100,000 197,340 197,340 (510,343) (2,515,012) (340,328) 20,771 ,851 (980) (1 ,030,843) $19,740,028 13,835,115 980 (2,515,012) $11,321,083 957,293 (340,328) $616,965 �Combined Total $520,500 667,272 11 ,710 881 ,897 259,367 5,512 37,066 (198,642\ 1,664,182 1,188,237 56,774 17,653 8,237 24,930 71 ,928 7,546 15,365 170,904 22,935 8,845 224,972 489,392 60,518 11 ,025 159,676 4 ,310 2,543,247 3,013,778 3,013,778 (3,365,683) 35,564,259 (3,886,183) $31 ,678,076 �Council of Michigan Foundations Core Operations Internal Statement of Activities 4-1-04 to 9-30-04 12 Month Budget 2004-05 Revenues Member Contributions Additional Member Contributions Other Grants Conference & Meetings Publications & Library Services Other Income Investment Earnings Total Revenues Program/Admin Expenses Wages & Benefits Occupancy Telephone Equipment Lease & Maintenance Postage Supplies Insurance Equipment & Furniture Depreciation Computer Association Dues Books & Subscriptions Publications Professional & Contracted Services Travel Training & Seminars Conference & Meetings (Gain)/Loss Sale of Fixe Assets Overhead Allocation to Spec Projects Total Program/Admin $ 6 Month Budget 9/30/2004 883,000 195,000 $ 6 Month Actual 9/30/2004 733,000 185,000 $ 667,272 11,710 Note 1 624,600 62,300 3,000 24,000 1,791,900 456,000 1,300 700 12,000 1,388,000 248,267 4,226 5,127 12,440 949,042 Note 2 762,200 59,500 17,000 8,000 27,200 30,600 5,800 15,000 391 ,700 29,700 8,500 4,100 13,600 15,300 5,800 15,000 369,936 26,306 9,215 3,438 10,530 13,021 4,193 15,023 Note 3 69,400 27,000 5,500 139,000 37,200 43,000 12,000 550,000 34,800 23,400 2,800 78,000 20,900 21 ,400 6,000 208,400 (16,500) 1,791,900 (8,200) 871 ,200 18,972 18,072 2,603 35,881 20,085 23,423 3,229 118,539 (2,350) (6,660) 683,456 Grants Challenge Grants Mini-Grants Computer Grants Other Grants Total Grants 0 0 0 Excess Revenues Over Expenditures 0 516,800 265,586 1,321,535 0 1,321,535 1,321 ,535 516,800 1,838,335 1,321,535 265,586 $1,587, 121 Beginning Net Assets CHANGE IN FUND BALANCE Ending Net Assets Note 4 Note 5 Note 6 Note 2 �CMF Endowment Funds Consolidated Statement o f A ctivities and Changes in Net A ssets 4-1-04 to 9 -3 0-04 Endowm ent Fu nds Russe ll G Maw by Johnson M aw by F und Fund For Kids Educational Fo undation Fund Endowment MCFYP Endowment s s Allen F und Commu nity Comm Fdn Rlecker Fund 12 Mont h Technology Fund Budget T otal ~ Reve nues Spendable Income Member Cont ributions Additional Mem ber Contributions Other G rants 8,500 s 63,000 s 36,000 $ 44,000 277.000 (125) Conference Income 48,000 s 25,000 $ 19.000 s 520,500 $ 520,500 10,600 4 ,000 18,500 25,269 556,369 586,800 1,129,800 17,931 38,800 29 29 100 400 500 4,350 250 273 11,316 4,290 1,685 26,329 66,453 4,000 23,800 20,700 35,000 27,500 10,725 P ublications & library Services Other Income Investment Income Total Revenues (2.616) 5 ,88 4 (160) 62,840 P rogramf Adm in Expenses Wages & Benefits (121) 35,754 9 ,853 53,853 9,330 286,330 14,595 Occupancy T elephone Equipment Lease & Maintenance Postage S upplies Insurance Equipment & Furnitu re Depreciation Computer Association Dues Books & Subscriptions 3,850 250 273 11,316 Publications & Printing P rofessional & Contracted Services T ravel T raining & Seminars Conference & Meeting Total Program/Admin 51 210 4,615 20,304 59,855 10,332 35,332 500 2,836 1,130 4.239 1,475 21,714 28,457 14,856 (2 ,479) 16,521 2,836 115,700 266.000 GRANT S Challenge Grants Mini-Grants Compu ter Grants Other G rants Total Gran ts ------- Excess Revenues Over Expenditures 5,884 42,536 20,898 53,853 Beginning Net Assets Transfer from Other Funds Excess Revenues over Expenditures Ending Net Assets 179.376 1,485,796 863,586 1,003,692 (15.102) $848 ,484 9 ,853 $1,013,545 (2,616) (20,464 ) $ 176,760 $ 1,465,332 286,330 6.379.148 (980) 9 ,330 $6,387.498 31,398 32,496 16,521 1,165,957 1,123,607 440.712 (16,602) $1,149,355 7,496 $1 ,131,103 (2 ,479) $438.233 489,916 12,641 ,874 (980) (30,584) $ 12,610,310 863.800 12,641,874 863,800 ~ �CMF Council of Michigan Foundations Serving grantmakers. Advancing giving. October 26, 2004 Memo to: CMF Board of Trustees From: David R. Lindberg RE: Resolution for Banking/Investing Activities RESOLVED that the President & Chief Executive Officer, VP of Finance & Administration and Chief Operating Officer are authorized and empowered to execute and deliver on behalf of CMF and its supporting organizations, such printed resolutions deemed necessary to establish or continue relationships with various banks and investment management firms. Except for checking accounts, those relationships shall be established based on the direction of the CMF and Supporting Organization's Investment Committee. Background Occasionally staff are required to open new investment accounts based on direction from the Investment Committee. In order to open a new account the bank or investment firms typically require the board to adopt a resolution to establish this new relationship. To prevent delays in these transactions, management is recommending that the Board adopt this standing resolution as recommended by CMF legal counsel, Clark Hill. It should be noted that in all cases a formal resolution will still need to be signed by an approp 'riate officer of the corporation, which is typically the Secretary or Treasurer. S:\ Boards and Commite esiC MF\Boa rd\2004\ 11 .3.04Mtg Materia ls\Banki ng Resolutions.docS:\Boards and Commitees\CM F\Board\2004\ 11 .3.04MtgMa terials\ Banking Resolutions.doc �CMF Council of Michigan Foundations Serving grantmakers. Advancing giving. October 26, 2004 Memo to: CMF Board of Trustees From: Robert E. Swaney, Jr., Chair CMF Investment Committee Re: June 30, 2004, Investment Report RESOLVED that the June 30, 2004, Investment Report, as reviewed by the Investment Committee, be accepted. On October 19, 2004, the Investment Committee met to review and accept the enclosed report. On a quarterly basis, the combined Investment Committee for the Council of Michigan Foundations (CMF), Michigan Community Foundations' Venture (MCFV) and the Michigan AIDS Fund (MAF), meets to review the investment performance for the operating and permanent endowment funds. Recent Issues Addressed by the Investment Committee: KYIP Investments CMF is currently holding $11,188,685 received from the W.K. Kellogg Foundation for the purpose of supporting permanent endowment funds for three Kellogg Youth Initiative Partnership sites. With a distribution plan formally accepted by the three sites the Investment Committee has moved these funds from equities and fixed income securities to money market instruments and U.S. Treasuries. Pooling of Investment of CMF Endowment Funds With a adoption of a new software package which allows for the allocation of investment income from a pooled investment account to separate endowment funds staff has completed the consolidation of the eight endowment funds into one account at both Comerica and Bank One (vs. 16 accounts in the past). This process follows the community foundations which typically pool their different endowment accounts (vs. a separate account for each fund) and significantly reduces the administrative time to rebalance the investments and book the monthly investment income to the various endowment funds. �Investment Report October 26, 2004 Page 2 The enclosed Investment Report is presented in three sections. Investment Performance Report The benchmark is based on the targeted asset allocation fommla listed below, using the Lipper median returns provided by Comerica on a quarterly basis. Asset Class S&P 500 S&P 400 S&P 600 REIT International Equities Short Bond Bond High Yield Bond Fund Cash Allocation 37% 9% 6% 5% 13% 12.5% 12.5% 5% 0% The Lipper returns are based on the following asset classes. Lipper Large Cap Core Lipper Mid Cap Core Lipper Small Cap Core Lipper Real Estate Equity Lipper International Lipper Corporate Debt A Rated Fixed Income Asset Allocation Report The Investment Committee has approved an asset allocation re-balancing policy that instructs CMF's Vice President of Finance to rebalance the endowment fund portfolios on a quarterly basis. To keep administrative time to a minimum CMF maintains one checking account to pay all endowment fund expenses. The negative cash balances are the result of endowment fund expenditures from the CMF checking account, which are periodically reimbursed, by transfening cash from the endowment funds to the CMF general checking account. The Margaret Riecker Leadership Fund received a $200,000 pledge payment during the fourth quarter of2003-04, which caused the actual asset allocation to vary from the target at March 31, 2004. Investment Performance Comparison Report In addition to the Lipper returns, the Investment Committee uses the Cambridge & Associates, Inc. pool of colleges, universities, and foundations as a benchmark comparison. S :\Boards and Commitees\CMF\Board\2004\ 11.3 .04MtgMaterials\lnvestment.doc �Council of Michigan Foundations Asset Allocation June 30,2004 Investment Balance 6-30-04 A ctual Asset Allocation Targeted Asset Allocation $4,346,809 100% 100% $598,496 100% 100% $11,188,685 100% 100% $530,203 100% 100% Operating Funds CMF Operating & Special Projects MCFYP Operating & Special Projects KYIPFund Michigan AIDS Fund Note: All operating funds are invested in money market accounts. Endowment Funds William Allen Endowment Fund Cash Equivalents Fixed Income Equities $2,189 49,941 123,555 $ 175,685 1.2% 28.4% 70.3% 100.0% 0% 30% 70% 100% Russell G. Mawby Endowment Fund to Improve & Increase Philanthropy and Ruth & Russ Mawby Fund for Kids Cash Equivalents Fixed Income Equities 2,978 685,312 1,615,894 $ 2,304, 184 0.1 % 29.7% 70.1% 100.0% 0% 30% 70% 100% $82, 147 1,862,223 4,394,719 $6,339,089 1.3% 29.4% 69.3% 100.0% 0% 30% 70% 100% $ 13,472 291,806 691,236 $996,514 1.4% 29.3% 69.4% 100.0% 0% 30% 70% 100% $ Community Foundation Endowment Cash Equivalents Fixed Income Equities Dorothy Johnson Educational Fund Cash Equivalents Fixed Income Equities boardcomm/cmf/board/04-05/lnvest Report Returns.xls-1 �Council of Michigan Foundations Asset Allocation June 30,2004 Investment Balance 6-30-04 Actual Asset Allocation Targeted Asset Allocation $22,414 340,439 801,089 $1,163,942 1.9% 29.2% 68.8% 100.0% 0% 30% 70% 100% $9,072 236,713 564,052 $809,837 Note: This balance does not include outstanding pledges 1.1% 29.2% 69.7% 100.0% 0% 30% 70% 100% 1.3% 29.3% 69.4% 100.0% 0% 30% 70% 100% MCFYP Endowment Fund Cash Equivalents Fixed Income Equities Margaret A. Riecker Leadership Fund Cash Equivalents Fixed Income Equities Community Foundation Technology Fund Cash Equivalents Fixed Income Equities boardcomm/cmf/board/04·05/lnvest Report Returns.xls· 1 $5,558 128,257 303,949 $437,764 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Financials Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book financials Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book financials. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50567 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/a96ebbde02bd412db887b7f3d5524b7a.pdf a6ed193ada29ea48506ac6791f1fd000 PDF Text Text CMF Council of M ichigan Foundat ions Serving grantmakers. Advancing giving. October 25, 2004 Memo to: S. Martin Taylor, Chair, and Members ofthe Board of Trustees From: Libby Maynard & David Kennedy, Co-Chairs, Government Relations Committee Rob Collier, President Re: Legislative Goals Statement and other Business The Committee met by conference call on October 6 and October 20 and as a result, offers the following three resolutions for your review and consideration. I. Legislative Goals Statement RESOLVED that the Legislative Goals Statement, a copy of which is attached, be approved with the 2004 updates noted in bold. Background We draw your attention especially to Goals 9, 15 and 16: Goal 9 includes text on the work of the Federal Flection Commission to regulate 527 organizations and thereby also 501c(3) organizations. Goal 15 recommends support of legislation that would require a 5 percent payout for donor advised funds. As the explanation indicates, this Tecommendation supports the national standards for community foundations that all Michigan community foundations are working on subscribing to. Goall6 addresses the need to support efforts to update the IRS Forms 990 and 990PF. Finally, Goal 4 in the State section provides an update on legislation to update the Charitable Solicitation Act that affects community foundations and our public charities members that are involved in fund raising as well as grantmaking. II. Position on State Budget Crisis RESOLVED that the Council of Michigan Foundations supports bipartisan efforts to seek long term fiscally responsible solutions, including but not limited to the state's tax structure, that will provide sufficient government funding to services critical for the quality of life expected and deserved by all residents. �Government Relations Report October 25, 2004 Page 2 Background At the June Meeting of the Board of Trustees, a document from the Michigan Nonprofit Association, Socially and Fiscally Responsible Solutions to the State Fiscal Crisis Recommendations to the State Policymakers, was discussed. Because one of the recommendations is to decouple the Michigan Estate Tax from the Federal Estate Tax, a step that contradicts an existing CMF Legislative Goal, the Board of Trustees agreed by consensus to not take a position on this document. However, the Board did ask that staff develop a position statement with input from the Government Relations Committee. The proposed Resolution addresses the interest that CMF take a position to support bi-partisan efforts. III. Senate Finance Committee Discussion Paper R ESOLVED that the Council of Michigan Foundations supports recommendations in the Senate Finance Committee discussion paper to improve the Forms 990 and 990-PF and to allow for the sharing of information between federal and state regulators, and further opposes recommendations in the paper to impose new fees on the nonprofit sector and to change the treatment of administrative expenses. Background The Committee realizes that it will need to spend more time on the many issues raised by the Senate Finance Committee discussion paper. The 19 page Senate Finance Committee discussion paper with its suggested 41 regulatory reforms is enclosed along with an issue summary prepared by Rob Collier with proposed support and oppose positions. Also enclosed is the announcement from Independent Sector ofthe Panel it has been invited to convene to help frame the nonprofit sector's response. We are pleased that Bill Richardson, Bill White and Dottie Johnson, along with Sam Singh, president of the Michigan Nonprofit Association, are all on the panel representing Michigan. The Committee intends to have a conference call with these four individuals later this fall to discuss the work of the Panel and how CMF can assist. Staff, with the assistance oflegal counsel Duane Tamacki, will send a letter to Senators Levin and Stabenow with the positions recommended in the above resolution. Rob Collier will work with Ranny Riecker in presenting this information to Congressman Camp. �CMF Council of M ichigan Foundations Serving grontmaXers. Advancing giving. COUNCIL OF MICHIGAN FOUNDATIONS Legislative Goals Statement The purpose of the Council of Michigan Foundations' Government Relations Committee is to seek support for legislative changes at both the state and national levels that encourage the role and effectiveness of foundation and corporate philanthropy. The CMF Board ofTmstees approved the initial Legislative Statement on March 1, 1979. Revised statements were approved September 19, 1980; January 27, 1982; May 10, 1983; June 14, 1985; April 12, 1988; February 25, 1992; November 4, 1992; November 8, 1995; October 30, 1996; March 13, 1997; November 4, 1998; October 14, 1999; October 2, 2000, October 2, 2001, September 29, 2002, November 10, 2003 and November 3, 2004.* I. INTRODUCTION Foundation and corporate giving has long been a unique part of American society, supported by appropriate federal and state legislation and regulations. While there have been reforms at both levels of government to encourage giving, there have also been provisions in past legislation, such as the 1969 Tax Act, and regulations that serve as disincentives for the creation of new foundations, as well as discourage charitable donations to existing foundations. Because the mission of CMF is to increase, improve and enhance philanthropy in Michigan, the Board ofTmstees has adopted as one of six operating goals- to work with government to encourage the creation and growth of new foundations and corporate giving programs, as well as to reduce the operating regulatory burdens on existing foundations and corporate giving programs. In 1977, the Members of CMF directed the Board of Tmstees to develop a public information program that wou ld support and encourage Michigan foundation philanthropy and include communication with public policymakers. A Government Relations Committee was established to implement the program and has continued to represent CMF Members on their legislative interests and priorities. CMF works with foundation and corporate Members, the Council on Foundations, other regional associations of grantmakers and the Fomm of Regional Associations of Grantmakers, Independent Sector, Michigan Nonprofit Association, and other nonprofit organizations to enhance the understanding of public policymakers about philanthropy and to bring about appropriate legislative changes in laws and regulations. As a result of these efforts by CMF and others, the following goals have been accomplished. *Bolded text signifies 2004 update. Page I �II. NATIONAL GOALS ACCOMPLISHED • • • • • • • • • • • • • • • • Reduction of mandatory pay-out requirement for private foundations to 5% Excise Tax on private foundations reduced from 4% to 2%, and in some cases 1% Private foundation .65 limit on grant administrative expenses tem1inated Fair regulations on private foundation lobbying issued Full deductibility of gifts to private foundations of publicly-traded stock made permanent Gain portion of gifts of appreciated property not subject to the alternative minimum tax Affidavit process for simplifying private foundations grants to non-U.S. charities instituted Private & community foundations allowed to own $-Corporation stock Protected charitable gift annuities as attractive giving vehicle for donors Premiums paid for D&O liability insurance not treated as compensation for trustees Regulation passed indicating U.S. foundation grants to nonresident aliens would be taxed, depending on the place where the research or study takes place Community foundations permitted to administer pooled income fund Due date of first estimated private foundation tax payment on investment income changed to coincide with the due date of the Form 990-PF Generation-skipping transfer law pertinent to the predeceased parent exclusion, extended for charitable lead and remainder trusts Legislation passed eliminating Charitable Split Dollar Insurance Plans Estate tax phased out between 2002 and 2010 III. STATE GOALS ACCOMPLISHED • • • • • • • • • State inheritance tax repealed Community foundation tax credit for individuals and businesses made permanent Definition of community foundation strengthened in tax code Tort liability of volunteers of nonprofit corporations limited Michigan Intangibles Tax repealed 50l(c)(3) organizations allowed to have an insurable interest in the life of an individual who has given written consent Legislation (three separate bills) passed allowing gifts and bequests received by units of local government (cities, villages, counties, public libraries and schools), to be gifted to community foundations Nonprofit Corporation Act amended to allow youth ages 16 and 17 to serve on boards of nonprofit corporations with vote Legislation passed allowing distribution of tobacco settlement funds to state-certified community foundations for healthy youth and healthy senior programs IV. NATIONAL LEGISLATIVE ISSUES 1. Goal: Maintain the private foundation payout rate at not more than 5 percent to protect the real value of foundations' grantmaking capability. *Bolded text signifies 2004 update. Page 2 �Explanation: In order to preserve the "real" grantmaking capacity of a private fow1dation, it is important that all historical financial data be taken into consideration. History has shown that a portion of the annual return should be returned to principal. (Reilly/Skadden, University ofMichigan Graduate School of Business Administration study sponsored by CMF, 198 1 -Private Foundations: The Payout Requirement and Its Effect on Investment and Spending Policies, and a DeMarche Associates, Inc. study "Spending Policies and Investment Planning/or Foundations, " 1995, sponsored by the Council on Foru1dations.) A CMF sponsored study, completed in May 2000 and updated in 2004 by Cambridge Associates, Inc. of the actual performance of a group of Michigan endowed private foundations, confim1s the position of maintaining the payout rate at no more than 5 %. The National Committee for Responsive Philanthropy and the National Network of Grantmakers continue to advocate for legislation introduced that would increase the required payout to 6%. As a result of the compromise that was agreed to by the House on the 2003 CARE Act, some foundations could elect to increase their payout to an estimated 5.4% to handle proposed new regulations concerning administrative expenses or take steps to reduce their administrative expenses not related to grantmaking. However, because the CARE Act never made it to a Conference Committee, new legislation dealing with the treatment of administrative expenses is expected in the 2005 Congress. 2. Goal: Change the limitation on gifts to a private foundation from 20 percent to 30 percent of AGI for gifts of appreciated property and from 30 percent to 50 percent of AGI for gifts of cash. Explanation: Under existing law, the amount deductible by an individual taxpayer for contributions to private non-operating foundations is computed as a percentage of the donor's contribution base (in most cases, his or her adjusted gross income). An individual may deduct only 20 percent of the gifts of appreciated property or 30 percent of gifts of cash. On the other hand, an individual taxpayer can deduct up to 50 percent of his contribution base for cash (and 30 percent for appreciated property) for gifts to public charities. 3. Goal: Increase the deduction allowed a taxpayer for a gift to a private foundation of certain capital gain property. Explanation: Individual taxpayers may deduct the full fair market value of a gift to a private foundation of appreciated property in the form of publicly-traded stock, if the gift is less than 10 percent of the outstanding stock of the company. However, in other cases, such as privately held stock, the amount of deduction continues to be limited to the donor's cost or basis in the stock if the gift is to a private non-operating foundation. The same gift to a public charity entitles the taxpayer to a full fair market value deduction. 4. Goal: Repeal the excise tax on private foundations. *Bolded text signifies 2004 update. Page 3 �Explanation: The 1984 Tax Act allows the excise tax on investment income to be reduced from two to one percent if a foundation's payout for the year in question equals or exceeds an amount equal to the year's assets, times the average payout percentage for the five years, plus I percent of the foundation's net investment income. Private foundations are the only 501(c)(3) organizations that currently pay this federal tax. The current fonnula is difficult to administer and can limit charitable giving. Simplification to a flat one percent is an acceptable intennediate step and enjoys bipartisan support in the House and the Senate. It was included in the 2003 House version of the CARE Act, but because the CARE Act has not gone to a Conference Committee, no action is expected in 2004. New legislation wiU need to be introduced in 2005. 5. Goal: Prevent further efforts to reduce the usefulness of the charitable deduction and repeal the three percent floor on itemized deductions. Explanation: In 1990, after initially considering a cap on all itemized deductions, Congress approved a three percent floor in deductions. This floor was scheduled to expire at the end of 1995, but in 1993 was made pem1anent. 6. Goal: Limit lineal descendants who are "disqualified persons" at the level of grandchildren. Explanation: In 1984, the law was amended to limit "disqualified persons" to substantial contributors to a foundation and their children, grandchildren, great grandchildren, and their spouses. The amendment provided that substantial contributors will no longer be considered "disqualified persons" if, over a ten-year period, they meet certain requirements to distance themselves from the foundation. However, there is still no logical rationale - - or examples of abuse - - to justify the inclusion of lineal descendants beyond the level of grandchildren. 7. Goal: Modify the law to permit the "out of corpus" requirement to be met by a foreign grantee if sufficient documentation is provided showing that the full amount of the grant was spent for the specified purposes within 12 months after the year the grant was made. Explanation: When making grants to some foreign charities, private fow1dations are required to treat them as private foundations. Any grant from a private foundation to another private foundation requires that tl1e amount granted "flow through" the grantee and out as qualifying distributions that are made "out of corpus" by the end of the following year. The purpose for this rule is to prevent a foundation from avoiding the payout rule by having one private foundation give to another, who then simply adds the grant to its endowment (corpus), with charitable grantees receiving no benefit. In the foreign grant context, the grantee rarely has any endowment and totally misunderstands the concept of "out of corpus." 8. Goal: Secure passage of legislation providing a charitable deduction for non-itemizers. *Bolded text signifies 2004 update. Page 4 �Explanation: Most taxpayers no longer file the long tax form that permjts itemized deductions; instead they file the short form that allows only a standard deduction. From 1983 to 1986 non-itemizers were permitted to take the standard deduction plus itemize charitable contributions within certain limits, but the deduction expired January 1, 1987. The CARE Act passed in 2003 by both the Senate and the House includes a two-year limited deduction. Although considered a priority of President Bush, the Senate has not allowed this legislation to go to a Conference Committee. Thus no action is expected in 2004. The Senate Fiscal Agency has evaluated the cost of the nonitemizer and deemed that it will cost the federal government more than it will generate in new charitable giving. As a result Senator Levin has indicated his nonsupport for this issue. Independent Sector, that has been the lead advocate, is reassessing whether it will promote this issue in a new CARE Act in 2005. 9. Goal: Support reasonable limits on the degree to which foundations and charities can lobby or otherwise influence public policy decisions and oppose unreasonable limits that adversely affect grantmaking. Explanation: Continuous monjtoring is ,e ssential to oppose unreasonable and unnecessary regulatory reporting burdens on both foundations and their grantees. For example, in 2004 the activity of the Federal Election Commission has generated significant interest by grantmakers and their grantees. On March 4, 2004, the Federal Election Commissioners approved a Notice of Proposed Rulemaking (NPRM-POF), which was published in the Federal Register with a request for public comments. In addition to proposals specific to 527s, the FEC asked for comments on whether 501(c)(3) and 501(c)(4) organizations should be included in the definition of political committees. Political committees are prohibited from raising money from corporations (including nonprofit corporations) or unions or from using contributions in excess of $5,000 from an individual to pay for electioneering activities. Political committees must also disclose names of contributors in regular reports to the FEC, and contributions to such committees are not tax-deductible. Independent Sector (IS) worked with a group of members to prepare comments (PDF) on the FEC's proposed rule of March 2004 that were co-signed by 80 organizations. IS's comments focus on the serious impact the proposed changes would have on 501(c)(3) and (c)(4) nonprofits and stress the following points: 501(c)(3) and (c)(4) organizations should be excluded from the definition of political committees. Current tax law already limits the lobbying and partisan political activities of these groups. The FEC should maintain its current, clear distinction between " express advocacy" communications (those that clearly call for a vote for or against a particular candidate or political party) and other nonpartisan communications. It should not *Bolded text signifies 2004 update. Page 5 �adopt IRS standards for partisan advocacy, which were designed for a different regulatory and enforcement regime. Voter registration and get-out-the-vote activities should only be considered political expenditures if they are clearly tied to a candidate or party. Activities targeted to specific populations (e.g., women, African Americans, a particular neighborhood, members of a particular organization) should not be considered political "expenditures" simply because those populations may be " more likely" to vote for a particular candidate or party. The FEC should not issue rules without further guidance from Congress. Major changes such as those contemplated deserve full debate and action by elected representatives. 10. Goal: Support legislation to eliminate the classification of realized gains and income, derived from leveraged real estate investments by foundations, as unrelated business taxable income. Explanation: Foundations and nonprofit organizations are significant investors in the real estate market. However, income derived from leveraged real estate investments, owned directly or through partnerships, is currently taxed as unrelated business taxable income (UBTI). Private foundations should be treated in the same manner as educational organizations and qualified pension plans, which since 1980 have been exempt from the debt-financed property rules with respect to the acquisition of certain real property. 11 . Goal: Permit tax-free distribution from individual retirement accounts (IRAs) for charitable purposes. Explanation: It is proposed that direct gifts from an IRA to a charitable organization would not be taxed as income to the account-holder who has attained the age of 59 Y2 years of age, if the disbursement is made directly to either a qualified charity or a qualifying deferred giving plan. It is anticipated that such a law would increase contributions to many charitable organizations, including community foundations. This issue has received bi-partisan support in both the House and Senate versions of the CARE Act. Because the Conference Committee has never met to resolve differences in the age of 59 Y2 or age 70 Yz, the Act will not be voted on in 2004. Legislation on this issue will likely be introduced in 2005 with the age of 70 Yz because it is less expensive to the federal budget in terms of lost revenue. 12. Goal: Avoid excessive regulations on corporate giving. Explanation: CMF supports public accountability, but not excessive regulation, which would require costly administration. The House version of the 2002 Corporate and Accounting: Accountability and Transparency Act included three reporting provisions (all Board service by officers, directors, and significant family members; all gifts of $10,000 or more; all transactions valued at $10,000 or more) that would have a negative *Bolded text signifies 2004 update. Page 6 �impact on corporate philanthropy. Working with the Council on Foundations, CMF was successful in ensuring that this provision was not included in the Senate version, the version signed into law in the summer of 2002 by the President. Representative Gilmore of Ohio continued in 2003 to introduce legislation to impose additional reporting requirements on corporate giving programs, but the legislation has never made it out of Committee. He is expected to reintroduce the Bill again in 2005 without sufficient Committee support to bring it to a vote. 13. Goal: Monitor the impact of estate tax legislation passed in 2001 on creation of new foundations and gifts to existing foundations. Explanation: The "Tax Relief Reconciliation Act of2001" passed by the Congress and signed into law by the President in June 2001, phases out the Estate Tax between 2002 and 2010. Full repeal however is only in effect for the year 2010. The estate tax then reverts, unless new legislation is passed, to the 2000 tax code status. While it is the position of CMF to not support or oppose legislation that has a broad impact beyond the charitable field, it is necessary to monitor the impact on philanthropy of this legislation and future changes that might be made in the estate tax. While President Bush has indicated that it is a priority to make the repeal of the estate tax permanent, the Senate leadership has not been able to obtain sufficient support from both parties to support such a step. Legislation is expected to be introduced in 2005, based on the results of the November 2004 Presidential election, to try again on a vote for permanent repeal. 14. Goal: Support efforts to incorporate philanthropy as an objective of legislation providing financial resources to character education and other K-12 educational initiatives. Explanation: CMF was successful through the Learning to Give initiative in having the word "giving" added to the definition of character education in the 2002 Education Bill signed by President Bush. Learning to Give is assisting when appropriate national partners and universities to ensure that giving is incorporated in new character education programs funded by the Department of Education. While Learning to Give was successful in obtaining a delegation wide 2003 earmark request for $2.5 million, the request did not receive support from the Administration. Efforts will continue to seek federal resources to support programs implementing Learning to Give. 15. Goal: Support legislation requiring a five percent payout for Donor Advised Funds. Explanation: Legislation is expected in 2005 that would impose a payout requirement on Donor Advised F unds similar to that required of private foundations. The legislation would define Donor Advised Funds as public charities that primarily make grants to charitable beneficiaries pursuant to advice provided by the donor. The proposal is caused by concerns of members of Congress that some Donor Advised Funds administered by organizations such as the F idelity Gift Fund never make a charitable distribution. Because the five percent payout is *Bolded text signifies 2004 update. Page 7 �recommended by both Michigan and national standards for community foundations, it seems appropriate to support such legislation. 16. Goal: Support efforts to make the IRS forms 990 and 990PF more useful to the public, foundations, charities and regulators as prime sources of reliable information on the nonprofit sector. Explanation: Recent efforts by the Foundation Center, National Center on Charitable Statistics, and Council on Foundations to present accurate data to Congress on the administrative costs of operating a private foundation, indicate that the existing 990PF and companion 990 For m are inadequate in their current formats. A review of 30 990PF returns by CMF staff in January 2004 confirmed the problems fliers are having with the current forms. The Foundations Financial Officers Group, with Michigan representation, is beta testing a revised 990-PF form in the fall of 2004. Introduction of a new form is expected for 2006. V. STATE LEGISLATIVE ISSUES 1. Goal: Monitor and support the continued granting of property tax exemption by local units of government to foundations. Explanation: CMF, working with partners such as the Michigan Nonprofit Association, will closely monitor cases that could adversely impact foundations, such as in Ann Arbor, where nonprofit organizations are being forced by local tax authorities to appeal their tax exemption status to the State Tax Tribunal, and if needed, consider filing letters of support with the Tax Tribunal. 2. Goal: Support legislation encouraging a tax-deduction for charitable contributions from individuals. Explanation: Other states have found that a tax deduction mirroring the federal tax code does motivate additional gifts by individuals to charities. While the introduction of legislation in tough economic times is unlikely, the Michigan Nonprofit Association is taking the lead in promoting this issue with the legislature. 3. Goal: Promote legislation necessary for a portion of the state tobacco settlement funds to be annually granted to CMF for distribution to certified Michigan community foundations for Healthy Youth and Healthy Senior purposes. Explanation: Michigan's share of the national tobacco settlement ($206 billion over the next 26 years) between 46 states, five commonwealths and territories and the District of Columbia with five tobacco companies, representing 97.5% of the industry, is $8.3 billion. The master settlement agreement does not specify how states may spend their settlement payments. Since 2001 , CMF has distributed more that $20 million of interest earned on the tobacco settlement funds not used for the Merit Scholarship Program and earmarked annually through the Department of Career Development budget. Annual advocacy is required to insure that the Legislature understands the valuable role *Bolded text signifies 2004 update. Page 8 �community foundations play in this distribution and continues the annual budgeting allocation. Because of the State's fin ancial budget problems, no funds were appropriated for this effort in 2004. Discussions are ongoing with the Administration about receiving an allocation from the Healthy Michigan Fund for 2005 as well as from the State' s increased tobacco tax in 2006. 4. Goal: Support legislation to simplifY the Charitable Solicitations Act. Explanation: Community foundations are required, as well as other charitable nonprofits, to file for an annual solicitation license. The licensing, enforcement, and appeal processes are not considered user friendly by nonprofits and do not reflect the changing cost in fundraising. The Michigan Nonprofit Association is leading the effort on this issue. Senate Bill1114 has been introduced with support from Attorney General Cox and is expected to be acted on in 2005. Negotiations are still ongoing between MNA, the Senate, and the Office of the Attorney General about the proposed sliding fees that will be charged for the first time to receive this license. 5. Goal: To monitor administration of the permanent community foundation tax credit and its relationship to other existing and proposed tax credits. Explanation: As a result of term limits CMF staff continually work with legislators to explain the tax credit and the role of community foundations. There is an on-going effort by other nonprofit sector groups such as hospitals, schools and community development corporations to obtain targeted tax credits without acknowledgement of the potential to meet their needs through the existing community foundation tax credit. In addition, CMF staff assists Treasury Department staff to insure that the re-certification process is working with certified community foundations that cover all 83 counties. 6. Goal: To assist the Charitable Trust Section of the Attorney General's office, an important source of information about charitable giving and the nonprofit sector in Michigan. Explanation: In 2004 Attorney General Cox approved creation of a Nonprofit Advisory Council to the Charitable Trust Section, led by his Deputy Attorney General Carol Issacs. CMF has three representatives on the Council, which is considered a national model and is now being replicated buy other Attorneys General. The Committee will meet three times a year and assist the Section on issues related to charitable giving and charities. In addition, the staff leader of the Section attends the CMF Annual Conference. This relationship is vital because there are recent cases in which state attorneys general have initiated litigation against foundations for excess compensation and self dealing abuses as well as examples of unfavorable state legislation initiated by attorneys general. S:\Boards and Comm itees\C M F\ Board\2004\ 1 1.3 .04 MtgMateria ls\LegislativeGoalsStmt.doc *Bolded text signifies 2004 update. Page 9 �StaffDiscussion Draft This discussion draft is released by the Finance Committee as a staffdocument. The document reflects proposals for reforms and best practices in the area of tax-exempt organizations based on staff investigations and research as well as proposals from practitioners, officers and directors ofcharities, academia and other interested parties. This document is a work-inprogress and is meant to encourage and foster additional comments and suggestions as the Finance Committee continues to consider possible legislation. A. Exempt Status Reforms 1. Five-year review of tax-exempt status by the IRS. On every fifth anniversary of the IRS's determination of the tax-exempt status of an organization that is required to apply for such status, the organization would be required to file with the IRS such information as would enable the IRS to detem1ine whether the organization continues to be organized and operated exclusively for an exempt purposes (i .e. whether the original detennination letter should remain in effect). Information to be filed would include current articles of incorporation and by-laws, conflicts of interest policies, evidence of accreditation, management policies regarding best practices, a detailed narrative about the organization' s practices, and financial statements. Such infonnation would be made publicly available. The IRS would not be required to issue a new determination letter (or to review all organizations), but would be permitted to revoke tax-exempt status if a review undertaken by the IRS concluded that the organization no longer was entitled to exemption. Failure to file the fiveyear review would result in loss of tax-exempt status. A sliding scale processing fee would be charged of all filers by IRS/EO to cover all costs of the reviews performed. (If adequate funding is provided from a 990 fili ng fee or appropriation of the tax on net investment income of private foundations, a fee for the five-year review may not be required).' 2. Donor advised fund reforms In general, donor advised funds (DAF) are public charities that primarily make grants to charitable beneficiaries pursuant to advice provided by the donor. Donor advised funds are not defined under present law and arc not subject to any special rules regarding organizational and operational requirements; yet the donor advised fund model is susceptible to abuse. Definitional and other requirements with respect to DAFs would include: 1) Contributions to a DAF other than cash or publicly traded securities would have to be sold within one year of contribution and a plan for sale must exist at the time of gift (alternatively, a DAF may accept only cash or 'The term "charities" or "charitable organizations" when used in this staff discussion draft refers to any organization described in section 501(c)(3). Page 1 of 19 �publicly traded securities); 2) a DAF would not be permitted to make grants to a non-operating private foundation or to individuals; 3) a DAF would be required to secure from the grantee an acknowledgment that the grant will not convey a private benefit to the advising donor; 4) a DAF would be required to meet an aggregate annual payout consisting solely of grants paid of 5 percent of the DAF's assets - failure to meet the payout would result in a tax similar to that applicable to private nonoperating fom1dations; 5) individual accounts in a DAF would have to meet a minimum activity threshold; 6) a DAF would be required to disclose its existence on its Form 990 and show satisfaction of the payout and all other requirements; 7) grants by a DAF to nondomestic organizations would be pcmutted only if the nondomestic organization appears on an IRS published list of approved foreign orgruuzations; 8) DAF grants would be pennitted to satisfy a donor's charitable pledge; 9) a DAF's investment mrumgers would be hired according to arm's length principles; 10) a DAF generally would not be permitted to expend amounts for grantee selection, such as site visits, that extend beyond basic due diligence of grant approval; and 11) fees for refermls or transfers of funds to a DAF would be limited. 3. Supporting organizations Eliminate Type ill supporting organizations. This has been an area of significant abuse. Donor Advised Funds can effectively substitute to serve legitimate purposes of such organizations.2 4. Revise exemption standards for credit counseling organizations A nonprofit credit counseling agency would be eligible for exempt status as ru1 organization described in section 501 (c)(3) or (c)(4) only if it: (1) at all times conducts as its primary activity (a) the providing of educational information to the general public on budgeting, buying practices, and the sound use of consumer credit; (b) assisting individuals and families with financial problems by providing them with individual counseling tailored to their specific needs and circumstances, ru1d, if necessary, by establishing budget plans; or (c) any combination of such activities; (2) makes no loans to debtors, negotiates no loans on behalf of debtors, and provides no credit repair services (i.e., services for the purpose of improving any consumer's credit record, creclit history, or credit rating) or similar services; (3) may not refuse to provide counseling services to a consumer due to inability to pay or to qualify for debt management plan enrollment, or because of a consumer' s unwillingness to enroll in a debt management plan; (4) limits any debt management and similar services to individuals or families for whom a debt management plan is determined to be the most appropriate means to relieve fmancial distress; (5) at all times bas a board of directors or other governing body (a) that is controlled by persons who represent the broad interests ofthe public, consisting of public officials acting in their capacities 2 Sce Donors Set Up Grant-Making Groups, Then Borrow Back Their Gifts, Lipman and Williams, the Chronicle of Philanthropy, February 5, 2004. Note: the sources cited in this staff discussion draft are not intended to be exhaustive of the materials relied on in this draft but are provided to be helpful to the reader. Page 2 of 19 �as such, persons havin g special knowledge or expertise in credit counseling and education, and commwuty leaders, such as elected or appointed officials, clergy, educators, civic leaders, or other such persons representing a broad cross-section of the views and interests of the community; and (b) not more than 20 percent of the voting power of which is vested in persons who are employed by the organization or who will benefit financially, directly or indirectly, from the organization's activities (other than through the receipt of reasonable directors fees); and (6) is not related to a person that is in the business of lending money or that provides debt management, credit repair, payment processing, and similar services. In addition to the above, a credit counseling agency would be exempt as a charitable or educational organization only if it (1) at all times is organized and operated exclusively for charitable or education purposes; (2) charges no fees or nominal fees for services provided to low-income individuals and families and for credit counseling or education services (and waives its fees in those instances where payment would work a financial hardship), receives no compensation for referrals for services provided to the consumer, and does not solicit voluntary contributions from its clients during the initial counseling process or while the client is receiving services from the organization; (3) limits any debt management services to low-income individuals and fam ilies; and (4) satisfies all other requirements of section 501 (c)(3). A nonprofit credit counseling agency would be eligible for exempt status as an or ganization described in section 501(c)(4) only if it: (1) charges no or nominal fees for its credit counseling and education services (and waives its fees in those instances where payment would work a financial hardship), receives no compensation for referrals for services provided to the consumer, and any fees charged for debt management and other services must be reasonable in relation to the services provided by the organization to the client; and (2) satisfies the other requirements of section 501 (c)(4). 5. Revoke charitable status for accommodations to tax shelters Charitable organizations that are deternuned by the IRS to be accommodating parties to a listed tax shelter transaction or reported transactions (with a significant purpose oftax avoidance) must have received affinnation that the transaction is not a listed or reported transaction. Failure to receive such an affirmation would result in revocation of section 170 status (ability for donors to receive charitable deduction for contribution) for one year with reinstatement only after detennination by IRS. There would be a 100 percent tax on all accommodation fees or other direct benefits - net of certain costs to charity. B. Insider and Disqualified Person Reforms 1. Apply private foundation self-dealing rules to public charities and modify intermediate sanction compensation rules Under present law, excise taxes apply if private fow1dations engage in acts of self-dealing Page 3 of 19 �with disqualified persons. Self-dealing transactions generally include the sale, exchange, or leasing of property; the lending of money or other extension of credit; the furnishing of goods, services, or facilities; payment of unreasonable compensation by a private foundation; transfer to or use by a disqualified person of a private foundation 's income or assets; and certain payments to govermnent officials. With the exception of the payment ofunreasonable compensation, these rules would be extended to public charities (and social welfare organizations) so that, in general, self-dealing transactions bct\veen a public charity (or social welfare organization) and a disqualified person would result in excise taxes. In general, the definition of disqualified person for purposes of the private foundation rules would be adopted for public charities, except that adjustments would be made to include persons with substantial influence over the organization, and the rules would be modified as necessary to take into account relationships with affiliated or supporting entities. With respect to compensation, the regulations that apply to the compensation arrangements of public charities generally would be modified with respect to the rebuttable presumption of reasonableness and reliance on expert opinion as to reasonableness.3 2. Expand definition of disqualified person For purposes ofthe self-dealing rules (as modified to apply to public charities and social welfare organizations), the defmition of a disqualified person would be modified to include a corporation or partnership with respect to which a disqualified person is a person of substantial influence. 3. Increase taxes for self-dealing, .ieopardizing investments, and taxable expenditures Initial taxes for acts of self-dealing (including as applied to public charities) would be increased from 5 percent to XX percent of amount involved with respect to the self-dealer and from 2.5 percent to XX percent with respect to the foundation manager. The tax on the foundation management for participation in ajeopardizing investment of the foundation would be increased from 5 percent of the amount invested to XX percent. If a foundation manager fails to agree to correction of the jeopardizing investment, the penalty for such failure would be increased from 5 percent of the amount of the investment to XX percent. The tax on foundation managers for agreeing to make a taxable expenditure would be increased from 2.5 percent of the amount expended to XX percent. 4 3 See Reforming Nonprofit C01poration Law, Hansmallll, 129 U. Pa. L. Rev. 497, 569 573 (1981) (proposal of flat prohibition against a11 self-deal ing transactions involving controlled persons in nonprofit organizations). 4 See Governing Nonprofit Organizations: Federal and State Law and Regulation, Fremont-Smith, Belknap Harvard, p. 455 (2004) (advocating removal of punitive taxes imposed on foundations but advocating at the same time adoption of more meaningful sanctions on foundation managers who have caused the foundation to enter into the prohibited transactions; considers whether the standard for sanctions on manager involvement in prohibited transactions Page 4 of 19 �4. Compensation of private foundation trustees Many private foundations choose not to pay any compensation to trustees. Some private foundations, however, choose to pay trustees significant sums as compensation for work that some would argue should be conducted voluntarily and not to the detriment of charitable bencficiaries.5 Under the proposal, compensation to tmstees of a nonoperating private foundation would not be permitted; or, in the alternative, would be permitted up to a statutorily prescribed de minimis amow1t. 5. Compensation of disqualified persons. Compensation of disqualified persons at nonoperating private foundations (other than persons who are disqualified by reason of employment) must use comparable federal government rates for similar work and similar time to support salary. Compensation (or severance payments) to other individuals above $200,000 (and above $75,000 for disqualified persons- not including persons who are disqualified as a manager) trigger filing of additional supporting material with the IRS, which would be publicly available. The IRS would charge a sliding-scale processing fee to review. In addition, all compensation that is subject to special IRS filing requirements must be approved annually and in advance by the Board of Directors (excluding from the approval process those members of the Board who have a conflict with respect to the compensation being considered). C. Grants and Expense Reforms 1. Treatment of administrative expenses of nonoperating foundations Private nonoperating foundations that have administrative expenses (which would be defined for this purpose as any expense of a private nonoperating foundation other than a grant to charity) above 10 percent of the foundation's total expenses would be required to file additional supporting material with the IRS, which would be publicly available. Review by the IRS of such supporting material would include a review for purposes of determining whether the administrative expense was "reasonable and necessary" for purposes of counting as a qualifying distribution w1der the payout rules. The IRS would charge a sliding-scale processing fee to review. Administrative costs above 35 percent of a foundation's total expenses would not count should be "knew or should have known" instead of the present law standard of knowledge that the act involved was a violation and was not willful and was due to a reasonable cause -"a heavy burden for the IRS to prove.") 5 See Foundation Trustee Fees: Use and Abuse, Ahn, Eisenberg and Khamvongsa, The Center for Public and Nonprofit Leadership, Georgetown Public Policy Institute (September 2003). Page 5 of 19 �as a qualifying distribution for purposes of the payout requirement. 2. Encourage additional grant-making by private foundations For each year that a private foundation pays out more than 12 percent of the foundation's non-charitable use assets retum exclusively for grants, the foundation would not have any liability for the excise tax on net investment income in such year. 3. Prohibit foundation grants to donor advised funds. In order to prevent circumvention of foundation anti-abuse rules, private foundations would be prohibited from making grants to donor advised funds. 4. Limit amounts paid for travel, meals, and accommodation For purposes of paying expenses for travel, meals, and accommodation, charities would be subj ect to the applicable U .S. government rate, or an alternative established/published nonprofit corporate rate (perhaps published by the IRS). A penalty for failure to comply would be 10 percent of the excess payment, payable by the organization and disgorgement of the excess by the individual. Public charities would not be subject to such limitations if, for each expense in excess of the limitation, the Board of Directors of the charity approves the expense and such approval is disclosed on the charity's Form 990. D. Federal-State Coordination of Actions and Proceedings 1. Establish standards for acquisition/conversion of a non-profit Concerns have been raised that conversions of tax exempt organizations to for profit organizations have not been conducted in a manner that sufficiently protects charitable interests and assets. The proposal would establish standards for review by State/Federal authorities of conversion transactions to ensure that the acquisition or other conversion occurs only if it is found by the State or Federal reviewer to be necessary to serve the public interest and best serves the interests of the intended beneficiaries of the organization's assets. IRS reporting requirements would be imposed on an exempt organization considering a conversion and would be publicly available (e.g., notification of the IRS within 10 days of establishing intent to pursue a conversion transaction; execution of letter of intent to convert; execution of definitive agreement to convert; adoption of conversion plan; adoption of material changes to the plan or agreement; and consummation of conversion plan). In addition, the organization must provide the IRS a reasonable opportunity to participate in a conversion proceeding conducted or overseen by State authorities, both as a creditor relating to potential unpaid conversion taxes and as a protector of charitable trust assets. Completion of conversion would have to be conditioned upon IRS approval of the conversion (or failure to disapprove within one year of seeking approval) or consummation of con version would trigger Federal tax liability for the organization at the highest Page 6 of 19 �corporate/trust incom e tax rate on unrealized built in gains on assets held by the organization at the time of conversion (including any assets disposed of in contemplation of conversion).6 This would apply to any substantially similar transaction where major charitable assets are transferred to a for profit entity. IRS would be allowed to impose a filing fee. The proposal would impose modified self dealing or excess benefit tran saction rules with respect to severance arrangements and stock (and stock rights) arrangements with r espect to successor entities to address officer and employee compensation arrangements entered into with respect to conversion transactions, and establish reporting requirements for the same. 2. Provide States the a uthority to pursue federal actions States would be provided the authority to pursue certain Federal tax law violations by exempt organizations with approval of the IRS . States already are provided such authority with respect to certain F ederallaw violations that are enforced by the Federal Trade Commission. E. Improve Quality and Scope of Forms 990 and Financial Statements The Form 990 (and related Forms 990-PF and 990-EZ) is an annual information return filed each year with the IRS by most exempt organizations. In general, its purpose is to provide detailed financial and programmatic information about the organization. The form is publicly available and serves as the basis for oversight of tax exempt organizations and infonnation to the public. In a report to the Finance Comm ittee, the General Accounting Office found significant problems in the accuracy and completeness ofForm 990.7 Other studies, including by the General Accounting Office, have highlighted that there are no common standards for filing the Form 990 and thus similarly situated charities can have very different Form 990s.8 Because of the significant role played by the Form 990 in public and governmental oversight of tax-exempt organizations, som e reforms are necessary to ensure accurate, complete, timely, consistent, and informative reporting by exempt organizations. 6 See generally, The Fiduciary Duties of Nonprofit Directors and Officers: Paradoxes, Problems, and Proposed Reforms, Goldschmid, 23 Iowa J. Corp. L. 631,651 -52 (1998) (suggesting heightened scrutiny and disclosure for conversions). 7 GA0-02-526 Tax-Exempt Organizations: Improvements Possible in Public, IRS, and State Oversight of Charities (April 2002). 8See Reengineering Nonprofit Financial Accountability: Toward a More Reliable Foundation for Regulation, Keating and Frumkin, Hauser Center for Nonprofit Organizations and The Ke1medy School of Govemment, Harvard University (August 2000) and Can Public Trust in Nonprofits and Governments B e Restoretfl, Herzlinger, Harv. Bus Rev., (March-April 1996). Page 7 of 19 �1. Require signature by Chief Executive Officer Require that the chief executive officer (or equivalent officer) of a tax-exempt organization sign a declaration under penalties of perjury that the chief executive officer has put in place processes and procedures to ensure that the organization's Federal infonnation return and tax return (including Form 990T) complies with the Internal Revenue Code and that the CEO was provided reasonable assurance of the accuracy and completeness of all material aspects of the return. This declaration would be part of the information or tax return. A similar proposal in the Senate JOBS bill requires that the CEO of a taxable corporation make an attestation regarding the corporation's tax return. 2. Penalties for failure to ftle complete and accurate 990. The present law penalty for failure to file or to include required information is $20/dayup to the lesser of $10,000 or 5 percent of gross receipts per return (increased to $1 00/day up to $50,000 per return for organizations with gross receipts over $1 million in a year). Under the proposal, the penalty for fai lure to file would be doubled and for organizations with gross receipts over $2 million per year, the present law penalty would be tripled. Failure to file a required 990 for two consecutive years (or for three of four years) could result in loss of tax exemption, or other penalties such as loss of status as an organization to which deductible contributions may be made.• In addition, a separate penalty of $20/day would apply to each failure to include required information on a filed 990 (for example, failure to check a required box), up to a per retum maximum of the lesser of $20,000 or 5 percent of the organization's gross receipts. For organizations with gross receipts over $1 million the rate would be $40/day with a per return maximum of $50,000. For organizations with gross receipts over $2 million the rate would be $75/daywith a per return maximum of$100,000. Additional penalties could be brought against a CEO who signs the return as well as against a paid preparer (including employees)." All penalties would be retained by Exempt Organizations within the IRS. 3. Penalty for failure to tile timely 990 Extended delays in filing the Form 990 affect the ability of donors to evaluate a charitable organization for purposes of making contributions as well as effective oversight. Under the 9 The CARE Act of 2003 contains a proposal that generally would revoke the exemption of an organization that failed to file a Form 990 for three consecutive years. 10 The CARE Act of 2003 contains a proposal that generally extends the present law penalty on return preparers of a tax return to persons who prepare (for compensation) the inforn1ation return of an exempt organization. Page 8 of 19 �proposal, extensions of greater than 4 months would be considered a failure to file. 4. Electronic filing The IRS may require tax exempt organizations to file electronically. The IRS would be required to have electronic filing capability in place by January 1, 2006. The IRS would be required to capture all data required to be reported through electronic filing by January 1, 2007. The IRS also would be required to coordinate electronic filing with State officials to assist State law enforcement, encourage unifonn reporting and simplify reporting for tax exempt organizations. 5. Standards for filing The IRS must promulgate standards for filing a Form 990. Standards would be required by January 1, 2006. As noted above, because there are no standards for filing a Form 990, similarly situated charities can have materially different Form 990s. As a financial statement will be required for most large charities, the standards for the financial statement should conform with the similar data requests from a Form 990. 6. Independent audits or reviews. Form 990 (and/or annual report) would be subject to a review by an independent auditor for conformity to established Form 990 filing standards. The auditor's report would be attached to the Form 990 and would be a public document. In addition, for an exempt organization with over $250,000 of gross receipts, an independent audit of the organization's financial statemen ts would be required, including certification regarding the organization's exposure to the unrelated business income tax. A new auditor must be used at least every five years. If the organization's gross receipts exceeds $100,000 but is not more than $250,000, its financial statements must be reviewed by a certified public accountant." 7. Enhanced disclosure of related organizations and insider transactions Require, as an attachment to Form 990, an affiliations chart showing the organization's relationship w ith its affiliated exempt and nonexempt organizations. Require enhanced 990 reporting of formation of taxable subsicliaries, and enhanced disclosure of an exempt organization's transactions with such organizations. Require enhanced 990 reporting of insider deals and ancillary joint ventures. Require that an exempt organization attach to Form 990 a schedule listing all partnership interests and the tax exempt organization's role in the partnership. Require that an exempt organization attach to F onn 990 all tax opinions received by the 11 See generally, BBB Wise Giving Alliance, Standards for Charity Accountability (BBB), Standard 11, and Evangelical Council for Financial Accountability (ECFA) Standard 3. Page 9 of 19 �organization involving agreements with insiders, and all conflicts of interest opinions. 8. Disclosure of performance goals, activities, and expenses in Form 990 and in financial statements Charitable organizations with over $250,000 in gross receipts would be required to include in the Fonn 990 a detailed description of the organization's annual performance goals and measurements for meeting those goals (to be established by the Board of Directors) for the past year and goals for the coming year. The purpose of this requirement would be to assist donors to better determine an organization's accomplislunents and goals in deciding whether to donate, and not as a point of review by the IRS. Charitable organizations would be required to disclose material changes in activities, operations or structme. Charitable organizations would be required to accmately report the charity's expenses, including any joint cost allocations, in its fmancial statements and Fonn 990.12 Exempt organizations would be required to report how often the Board of Directors met and how often the Board met, without the CEO (or equivalent) present. 9. Disclose investments of public charities Public charities would be required to make publicly available, upon request, the charities' investments. A somewhat similar, but more extensive requirement, is already placed on private foundations. Smaller public charities would not be required to provide such information. F. Public Availability of Documents Public oversight is critical to ensuring that an exempt organization continues to operate in accordance with its tax exempt status. For charitable organizations, public oversight provides donors with vital information for determining which organizations have the programs and practices that will ensure that contributions will be spent as intended. Oversight is facilitated under present law by mandated public disclosure of infonnation retums and applications for taxexempt status, but more can be done. 1. Disclosure of financial statements Exempt organizations would be required to disclose to the public the organization's financial statements. 2. Web-site disclosure 12 See BBB, Standard 13. Page 10 of 19 �Exempt organizations with a web-site would be required to post on such site any return that is required to be made public by present law, the organization's application for tax exemption, the organization's determination letter from the IRS, and the organization's financial statements for the five most recent years. 3. Publication of final determinations The results of audits of tax-exempt organizations and closing agreements with tax exempt organizations would be disclosed without redaction." Disclosure may be redact the organizations identity if the audit is initiated pursuant to a voluntary disclosure by the tax-exempt organization to the IRS. 4. Require public disclosure of Form 990-T and affiliated organization returns The Fonn 990-Tis the tax return filed by exempt organizations with unrelated business taxable income. The fonn would be made public (with appropriate redactions, e.g., for trade secrets). In addition, the tax returns filed by affiliated organizations would be made public (perhaps as part of a revised Form 990-T)." 5. Require public corporation filing of charitable giving return. Publicly-traded corporations would be required to file annually with the IRS a return showing all gifts over $10,000 (in the aggregate) for which a charitable deduction is claimed by the corporation in the corporation's taxable year. Such return would be made publicly available. G. Encourage Strong Governance and Best Practices for Exempt Organizations 1. Board Duties 13 Tills proposal follows a recommendation of the staff of the Joint Committee on Taxation. Joint Committee on Taxation, Study ofPresent-Law Taxpayer Confidentiality an Disclosure Provisions - Volume II: Study ofDisclosure Provisions Relating to Tax-Exempt Organizations (January 28, 2000), p. 5-7 (noting that such information will be of benefit to the public in determining whether the organization is in compliance with the law and how the organization is using funds). 14 This proposal follows a recommendation of the staff of the Joint Committee on Taxation. Joint Cmm11ittee on Taxation, Study ofPresent-Law Taxpayer Confidentiality an Disclosure Provisions- Volume II: Study ofDisclosure Provisions Relating to Tax-Exempt Organizations (January 28, 2000), p. 93. Page 11 of 19 �A charitable organization shall be managed by its board of directors or trustees (in the case of a charitable trust). 15 In performing duties, a Board member has to perform his or her duties in good faith; with the care an ordinarily prudent person in a like position would exercise under similar circumstances; and in a mmmer the director reasonably believes to be in the best interests of the mission, goals, and purposes of the corporation. An individual who has special skills or expertise has a duty to use such skills or expertise. Federal liability for breach of these duties would be established. Any compensation consultant to the charity must be hired by and report to the board, and must be independent. Compensation for all management positions must be approved annually and in advance unless there is no change in compensation other than an inflation adjustment. Compensation arrangements must be explained and justified and publicly disclosed (with such explanation) in a manner that can be understood by an individual with a basic business background. · The Board must establish basic organizational and management policies and procedures of organization and review any proposed deviations. · The Board must establish, review, and approve program objectives and performance measures and, review and approve significant transactions. · The Board must review and approve the auditing and accounting principles and practices used in preparing the organization's financial statements and must retain and replace the organization's independent auditor. An independent auditor must be hired by the Board and each such auditor may be retained only five years. · The Board must review and approve the organization's budget and financial objectives as well as significant investments, joint ventures, and business transactions. · The Board must oversee the conduct of the corporation's business and evaluate whether the business is being properly managed. · The Board must establish a conflicts of interest policy (which would be required to be disclosed w ith the 990), and require a summary of conflicts determinations made during the 990 reporting year. · The Board must establish and oversee a compliance program to address regulatory and liabil ity concerns. 15 The duties of a board that are described in this paper would also be the duties of a trustee for a charitable trust. Page 12 of 19 �The Board must establish procedures to address complaints and prevent retaliation against whistleblowers.16 All of these requirements must be confirmed on the Form 990. Relaxation of certain of these rules might be appropriate for smaller tax exempt organizations. 2. Board Composition Board shall be comprised of no less than three members and no greater than fifteen. No more than one member may be directly or indirectly compensated by the organization. Compensated members may not serve as the board's chair or treasurer.17 For public charities, at least one board member or one-fifth of the Board must be independent. A higher number of independent board members might be required in limited cases. An independent member would be defined as free of any relationship with the corporation or its management that may impair or appear to impair the director's ability to make independent judgments. 3. Board/Officer Removal Prohibition on services. Any individual that is not permitted to serve on the board of a publicly traded company due to Federal, State (or exchange) law may not serve on the board of an exempt organization. Any individual that has been criminally convicted of a Federal or State charge of fraud, or similar offense, may not serve on the board or as an officer of an exempt organization for 5 years after the conviction. Any individual who has been convicted of a crime under the laws enforced by the Federal Trade Commission, U .S. Postal Service or State Attomey General for actions related to service as an officer or director of a tax exempt organization (or the crime arose from an organization tl1at falsely presented itself as a tax exempt organization) may not serve as an officer/director for a tax exempt organization for 5 years. An organization or its officers/members that knowingly retained a person who is not so pem1itted to serve such organization would be subject to penalty.' 8 IRS Authority. The IRS would have the authority to require the removal of any board 16 See The Sarbanes-Oxley Act and Implications for Nonprofit Organizations, BoardSource and h1dependent Sector (2003)(useful discussion of provisions ofwhistleblower protections and other provisions of Sarbanes-Oxley and nonprofit organizations). 17 See generally, BBB Standard 4, ECFA Standard 2. 8 See generally Wrongdoing by Officers and Directors of Charities: A Survey ofPress Reports 1995-2002, Fremont-Smith and Kosaras, 42 Exempt Organization Tax Review 25 (2003) (noting the number of repeat offenders in the survey) and Where the Law Ends: the Social Control ofCorporateBehavior, C. Stone, 148-189 (1975) (advantages of suspension in corporate world). ' Page 13 of 19 �member, officer, or employee of an exempt organization who has been found to have violated self-dealing rules, conflicts of interest, excess benefit transaction rules, private inurement rules, or charitable solicitation laws. The IRS may require that such individual may not serve on any other exempt organization for a period of years. An organization that knowingly retained a person who is not so permitted to serve would lose tax exempt status or be subject to a lesser penalty. 4. Government encouragement of best practices. Grru1t-Making and Contracts. In determining the recipients of Federal government grants and contracts to tax exempt organizations, the responsible Federal govermnent agency issuing the grant or contract would be required to give favorable consideration to organizations that are accredited by IRS designated entities that establish best practices for tax exempt organizations. The IRS would rumually detennine those organizations, with a preference for orgru1izations that perform an independent review of accredited organizations and that audit applications for accreditation. 19 Combined Federal Campaign. The IRS, in consultation with OPM, will establish best practices/governance requirements/accreditation for charities participating in the Combined Federal Campaign (CFC) . The IRS will ensure that the best practices/governance requirements for the CFC are unifunn nationwide in order to encourage charities to participate in the CFC. 5. Accreditation. There would be an authorization of $10 million to the IRS to support accreditation of charities nationwide, in States, as well as accreditation of charities of particular classes (e.g. private foundations, land conservation groups, etc.). The IRS can initiate its own accreditation efforts as well as solicit requests. Priority would be given to proposals with matching dollars. TI1e IRS would have the authority to contract with tax exempt organizations that would create and manage an accreditation program to establish best practices and give accreditation to members that meet best practices and review organizations on an ongoing basis for compliance. Such organizations could require dues by members to meet costs; and contract authority to review member information and take corrective action. The IRS would have the authority to base charitable status or authority of a charity to accept charitable donations on whether an organization is accrcdited.20 The proposal should encourage accreditation that is already taking 19 Compare with the Administration's proposed Millennium Challenge Account (MCA) which uses independent ratings (ex. Freedom House for Civil Liberties) for detemlining countries that will receive support. Treasury Under Secretary John Taylor Testimony before the Senate Comnlittee on Foreign Relations, March 4 , 2003 (www.treas.gov/press/release/js80.htm). 20 See Nonprofit Compensation and the Market, Frumkin and Andre-Clark, 21 Hawaii L. Rev. 425, 476 (Winter 1999)(general discussion about accreditation). Page 14 of 19 �place at the state level (e.g. Maryland, Ohio, Petmsylvania, Georgia and Louisiana) or in particular classes (nonprofit hospitals, zoos and universities already subject to accreditation). 21 6. Establish prudent investor rules A prudent investor rule would apply to the investment activities of charitable organizations. Many States apply a prudent investor standard to non-profit entities incorporated in the State; such State standards would inform the development of a Federal standard.22 H. Funding of Exempt Organizations and for State Enforcement and Education In 1969, Congress determined that nonoperating private fow1dations should pay a tax on net investment income and that the proceeds of such tax should be used to fund the Exempt Organizations function within the IRS. Although the tax has been collected since 1969, the funds raised from the tax were not appropriated to Exempt Organizations and, in 1998, the authorization for making such appropriation was repealed from the Internal Revenue Code. Under the proposal, the authorization for appropriation of up to $200 million of revenue from the tax on the net investment income of private foundations would be reinstated. Alternatively, a filing fee would be imposed on organizations that file the Fom1 990 (or 990-EZ, or 990-PF) and retained by Exempt Organizations. The amount of the fee would be detemuned based on an organization's gross receipts or assets. Proceeds from the fee (or appropriation) would be used for a number of purposes, including: · State Enforcement-- Funding of $25 nul lion to States for exempt organization oversight and enforcement pursuant to a formula of $100,000 for each State with matching federal dollars for each new dollar in State spending. · Funding of$25 million for nonprofit exempt organizations that educate other tax exempt organizations on best practices and inform the public of charities that are engaged in best practices; such funds would be provided to State organizations as well as national organizations to ensure an education presence in each state; a priority would be given to organizations that assist small charities in meeting proper standards and accreditation. · Five year review of the exempt status of charitable organizations (see above), foundation classifications of charitable organizations, and exempt status of all other tax exempt groups. · Funding of$10 million for accreditation (see above). 21 See Standards for Excellence Institute (www.standards forexcellenceinstitute.org)(discussion of accreditation efforts in states). 22 See Fremont-Smith at 454 (pressing need for adoption of the Modern Prudent Investor rule as the standard for compliance). Page 15 of 19 �· Funding of $5 million to facilitate public access and review of Form 990s and other infonnation for all tax exempt organizations. · Establish Exempt Organization Hotline for reporting abuses by charities and complaints by donors and beneficiaries. · Infom1ation sharing with State Attorneys General, the Federal Trade Commission, and the U.S . Postal Service for enforcement purposes, including referrals by the IRS and an mmual report to Congress by the General Accounting Office of the results of such referrals (as well as referrals from the FTC, USPS, and State AG's to the IRS). I. Tax Court Equity A uthorities, Private Relator and Valuation 1. Tax Court Equity Authorities The US Tax Court would be invested with 1) equity powers (including, but not limited to, power to rescind transactions, surcharge trustees and order accountings) to remedy any detriment to a philanthropic organization resulting from any violation of the substantive rules, and 2) equ ity powers (including, but not limited to, power to substitute trustees, divest assets, enjoin activities and appoint receivers) to ensure that the organization's assets are preserved for philanthropic purposes and that violations of the substantive rules will not occur in the future. In the event that appropriate State authorities institute action against a philanthropic organization or individuals based upon acts which constitute a violation of substantive rules of law applicable to such organization, the US Tax Court before whom the federal civil action is instituted or is pending would be required to defer action on any equitable relief for protection of the organization or preservation of its assets for its philanthropic purposes until conclusion of the State court action. At the conclusion of the State court action, the Tax Court could consider the State action adequate or provide further equitable relief, consistent with the State action, as the case warrants. However, no action by a State court would defer or abate the imposition of the initial Federal excise taxes for the violations.23 a. The IRS or a directotiboard member may seek the removal of any director/board member or officer by the Tax Court. The Tax Court may remove the director or officer if the court finds that 1) the director or officer engaged in fraudulent or dishonest conduct, or gross abuse of authority or discretion with respect to the corporation or 2) has failed to perform h is or her duties in good faith; with the care an ordinarily prudent person in a like position would exercise under similar circumstances; and in a mmmer the director/officer reasonably believes to 23 SeeA Taxing Time for the Bishop Estate: What is the IRS Role in Charity Governance? Brody, 21 Hawaii L. Rev. 537,568 (Winter 1999) (discussion of 1977 Treasury Department proposed equity powers). Page 16 of 19 �be in the best interests of the goals and purpose of the corporation. The court must find that removal is in the best interest of meeting the goals and pwpose of the corporation. The court may bar the director or officer from serving on the board in any capacity, or any board for a period prescribed by the court. 2. Private Action - Directors. Any director/trustee (at the time of bringing the proceeding) may bring a proceeding. A complaint in a proceeding brought in the right of a corporation (or trust) must be verified and alleged with particularity the demand made, if any, to obtain action by the directors and state either why the complainants could not obtain the action or why they did not make the demand. If a demand for action was made and the corporation' s investigation of the demand is in progress when the proceeding is filed, the court may stay the suit until the investigation is completed. On the termination of the proceeding the court may require the complainants to pay any defendant's reasonable expenses (including counsel fees) incurred in defending the suit if it finds that the proceeding was commenced frivolously or in bad faith. If the proceeding on behalf of the corporation results in the corporation taking some action requested by the complainants or otherwise was successful, in whole or in part, or if anything was received by the complainants as the result of a judgment, compromise or settlement of an action or claim, the court may award the complainants reasonable expenses (including counsel fees)?4 3. Private Relator Action- Individual. Any individual may submit a complaint regarding a charity to the IRS for review. The individual will pay a $250 filing fee and $10,000 fine for frivolous filing. A complaint in a proceeding brought in the right of a corporation/trust must be verified by the IRS and allege with particularity the demand made, if any, to obtain action by the directors and state either why the complainants could not obtain the action or why they did not make the demand. If a demand for action was made and the corporations' investigation of the demand is in progress when the proceeding is filed, the court or IRS may stay the suit until the investigation is completed. At all times the IRS will retain control of the suit. In addition, the IRS must refer the suit to the relevant state official prior to taking action. The state official has up to thirty days to stay the suit. On the termination of the proceeding the court may require the complainants to pay any defendant's reasonable expenses (including counsel fees) incurred in defending the suit if it fmds 24 See generally Cal Corp Code Section 5142 (allowing, inter alia, officers and directors to bring an action against a charitable trust) as well as the Revised Model Nonprofit Corporation Act (1987) Section 6.30 Derivative Suits (allowing directors and members to bring derivative suits). Page 17 of 19 �that the proceeding was commenced frivolously or in bad faith. If the proceeding on behalf of the corporation results in the corporation taking some action requested by the complainants or otherwise was successful, in whole or in part, or if anything was received by the complainants as the result of a judgment, compromise or settlement of an action or claim, the court may award the complainants reas onable expenses (including counsel fees).25 4. Valuation Resolution. To assist in resolving Federal tax valuation disputes, a mandatory baseball arbitration procedure is proposed. The arbitration method known as "baseball arbitration" (sometimes referred to as final offer arbitration) involves each party in a proceeding submitting a number to the arbitrator, and providing that number to the other party, on the understanding that following a hearing, the arbitrator will select one ofthe parties' numbers to resolve the dispute. In a baseball player contract arbitration proceeding, the arbitrator is limited to selecting only one of the two figures submitted by the player and the owner. For purposes of determining the value of property contributed to a charity (other than cash or publicly traded securities) to detennine any Federal tax liability, the taxpayer and the IRS would be bound by baseball arbitration principles specifically adapted to the tax administration process. Under the proposal, the taxpayer becomes bound by the taxpayer's valuation used in the tax return, at the time the taxpayer is notified that the return has been selected by the IRS for examination. Prior to that time, the taxpayer may amend the return to modify the valuation taken in the return. The IRS is required to make a valuation determination at the examination stage, and becomes bound by its valuation position once it issues to the taxpayer the proposed notice of audit adjustment. During the examination stage of the proceeding, the IRS is free to negotiate with the taxpayer to reach a valuation agreement at any time up to the IRS issuing the notice of proposed audit adjustment. 25 See generally, Regulating the Management of Charities: Trust Law, Corporate Law, and Tax Law, Gary, 21 Hawaii L. Rev. 593, 624- 627,647 (Winter 1999), Unsettled Standing: Who (Else) Should Enforce the Duties of Charitable Fiduciaries?, Atkinson, 23 Iowa J. Corp . L. 655, 684- 85 and n. 146 (Smnmer, 1998) (general discussion about benefits - and concerns- of granting standing to members and relators) and Fremont-Smith at 449 ("The best solution is to have an active and interested attorney general who will take action to correct abuses. There is also precedent for allowing him to let individuals bring suit in his name if he believes there is merit to the action but is disinclined to do so himself."). Also see Fla. Stat. 617.2003 (allowing an individual to have the government initiate suit if the individual provides prima facie evidence to sustain charge m1d sufficient money to cover court costs and expenses). Page 18 of 19 �During the appeals stage of the proceeding, the IRS and the taxpayer are bound by the parties' respective valuation positions. The IRS Appeals Officer may accept only one of the two valuation positions (IRS' or the taxpayer's) to dispose of the valuation issue. If the taxpayer disagrees with the value selected by the IRS during appeals, the taxpayer must litigate the valuation issue. During litigation, the court is required to select the taxpayer's or the IRS' valuation position. The proposal penn its a court to award reasonable appraisal costs to the prevailing party in limited circumstances. Page 19 of 19 �Senate Finance Committee Discussion Paper Issue Summary with recommended CMF Position * Items where a new fee is being recommended SUPPORT/SUPPORT WITH RECOMMENDATIONS A. Exempt Status Reforms 3. Revise Exemption standards for credit counseling organizations- SUPPORT 4. Revoke charitable status for accommodations to tax shelters- SUPPORT B. Insider and Disqualified Person Reforms l. Apply private foundation self dealing rules to public charities and ... - SUPPORT 2. Expand definition of disqualified persons - SUPPORT 3. Increase taxes for self-dealing, ... - SUPPORT WITH RECOMMENDATIONS 4. Compensation of private foundation trustees - SUPPORT WITH RECOMMENDATIONS 5. Compensation of disqualified persons - SUPPORT WITH RECOMMENDATIONS* D. Federal-State Coordination of Actions and Proceedings 1. Establish standards for acquisition/conversion of a nonprofit - SUPPORT* 2. Provide states the authority to pursue federal actions - SUPPORT E. Improve Quality and Scope ofFom1s 990 and Financial Statements 1. Require signature by CEO - SUPPORT 3. Penalty for failure to file timely 990 - SUPPORT 4. Electronic filing - SUPPORT 5. Standards for filing - SUPPORT 7. Enhanced disclosure of related organizations and insider transactions - SUPPORT 9. Disclose investments of public charities - SUPPORT F. Public Availability of Documents 1. Disclosure of financial statements- SUPPORT 2. Website disclosure - SUPPORT 3. Publication of final determinations - SUPPORT 4. Require public disclosure of Form 990T ... - SUPPORT G. Encourage Strong Governance & Best Practices for Exempt Organizations 1. Board Duties - SUPPORT WITH RECOMMENDATIONS 3. Board/Officer removal - SUPPORT 4. Government encouragement of best practices - SUPPORT WITH RECOMMENDATIONS 6. Establish prudent investor rules - SUPPORT H. Funding of Exempt Organizations & for State Enforcement and Education - SUPPORT WITH RECOMMENDATIONS* �Issue Summary with recommended CMF Position Page 2 I. Tax Court Equity Authorities, Private Relator and Valuation 1. Tax Court Equity Authorities- SUPPORT 2. Private Action Directors- SUPPORT 3. Private Relator Action - Individual - SUPPORT 4. Valuation Resolution - SUPPORT OPPOSE/OPPOSE WITH RECOMMENDATIONS Exempt Status Reforms 1. Five year review of tax-exempt status by the IRS - OPPOSE* 3. Supporting Organizations- OPPOSE WITH RECOMMENDATIONS Grants and Expense Reforms 1. Treatment of administrative expenses of non operating foundations - OPPOSE WITH RECOMMENDATIONS* 2. Encourage additional grantmaking by private foundations- OPPOSE 3. Prohibit foundation grants to donor advised funds- OPPOSE 4. Limit amounts paid for travel. .. - OPPOSE WITH RECOMMENDATIONS Improve Quality and Scope ofFonns 990 and Financial Statements 2. Penalties for fai lure to fi le complete and accurate 990 - OPPOSE WITH RF.COMMF.NDA TJONS 6. Independent audits or reviews- OPPOSE WITI-I RECOMMENDATIONS 8 Disclosure of performance goals, activities, and expenses in Form 990 ... - OPPOSE Public Availability ofDocuments 5. Require public corporation filing of charitable giving return- OPPOSE WITH RECOMMENDATIONS Encourage Strong Governance & Best Practices for Exempt Organizations 2. Board Composition - OPPOSE 5. Accreditation - OPPOSE WITH RECOMMENDATIONS Donor Advised Fund 11 reforms- WORK WITH COMMUNITY FOUNDATION COMMITTEE TO DETERMINE RESPONSES �INDEP EN DE NT S ECTOR News Release Thr nario.al lradmhip forum foslrring privalr inilialivr fo r ihr public good 1200 Eigh teent h Street, NW Suit~ FOR IMMEDIATE RELEASE October 12, 2004 Contact: Patricia Nash Christel 202-467-6132 patricia@IndependentSector.org 200 Wa<hington, DC 20036 102-467-6 100 fa x 202-467-6101 www.lndependen tSector.org info@lndependen tSector.org John R. Sdfrin Cbmr INDEPENDENT S ECTOR Convenes National Panel on Nonprofit Sector Senate Finance Committee Invites Sector-Wide Input to Improve Governance and Practice Gary L. Yata Vict 0 Mir Paul• Van NCS$ Trrnsurtr Chri<lopher Gate< Srcrttary Diana Aviv Prnid(!lr mur CEO Bonrd of Dirtdors E..iw.;u -d I L Ahle, Jr. Angela Clover Blackwell K.a t h leen W. Buechel Hodding Carter Ill Robert W. Edgar Uwis M. Feldstein David Ford Barry Calxrman ~rian C.llaghcr Marilda C andora Pe~er 8. Coldlxrg (Washington, DC)- INDEPENDENT SECTOR today announced the creation of a national panel that will make recommendations to Congress to improve the oversight and governance of charitable organizations. IS formed the "Panel on the Nonprofit Sector" at the encouragement of Finance C01mnittee Chair Charles Grassley (R-IA) and Ranking Member Senator Max Baucus (0 -MT). In their letter to INDEPENDENT SECTOR, Senators Grassley and Baucus noted that "there is great value i.n your bringing together an independent group of leaders w ith broad experience ... We would welcome the recommendations that will be forthcoming from such a panel to assist our legislative efforts." The Finance Com1nittee asked that the panel provide a report of its initial fmdings and recommendations by February 2005 and a fmal report in the spring of 2005. Darell Hammond ) . Bryan Hehir J.D. Hokoyama Kevlo KI()S( K.athlecn D . McCarthy Gabriella E. Morri< Karen N aras(llki Hilary Penningto n M ichad Rubi ngcr Mary 8~c h S•lerno Donald M. Stewart William Trucheart Cous Whe-eler William S. White Tht Honorabl~ John W. Gardner ( 19 12-1001) foll"'liHg Cixur Brian 0 1Conndl Found1"9 PrtSidntt 111nJ PrtsUtnl ElfttrilU1 The Senators' call for further study and recommendations is part of a year-long focus on the nonprofit sector by the Senate Finance Com1nittee in response to numerous reports in the media of ethical lapses in governance, fundraising, and other practices. In June, the Finance Committee held hearings and released a discussion paper exploring a number of changes in the law governing the charitable sector. In July, the Committee convened a roundtab le of sector leaders to discuss further possible reforms. The Panel on the Nonprofit Sector is comprised of25 nonprofit and philanthropic leaders from a wide spectrum of public charities and private foundations from all parts of the country, reflecting diversity in mission, perspective, and scope of work. Paul Brest, president, William and Flora Hewlett Foundation, of Menlo Park, California, and Cass Wheeler, chief executive officer, American Heart Association, of Dallas, Texas, will serve as co-conveners of the group. D iana Aviv, INDEPENDENT SECTOR president and �CEO, is executive director, and Patricia Read, IS's senior vice president for public policy and government affairs, is project director. "The charge set out by the Senate Finance Committee is substantial and there is a limited time period to complete this effort," Ms. Aviv said. "The Panel's findings and recommendations will require participation and input from many organizations within our sector to have a meaningful impact on legislation, regulations and practices that will defme the future of our work." The Panel will establish two advisory groups: one of prominent community leaders, including those from other sectors. The second advisory group will include a range of academic and legal experts. The Panel also will create five working groups to study and provide recommendations on issues involved in governance, transparency and financial accountability, oversight of sector organizations, the legal framework for regulating charities and foundations, and specific recommendations concerning small organizations. The Panel will pay special attention to examining the sector's existing mechanisms for self-regulation and oversight, and compile a report of such activity. Areas for exploration include, though are not limited to: • rules and regulations affecting composition and duties of boards of directors, • compensation issues, • guidelines on travel expenditures, • greater clarity on reporting Forms 990 and 990PF, as well as new disclosure requirements, • potential new fees for tax-exempt applications or annual filing requirements, and • lhe proper role~ of sdf regulation ami govemrnenl n:gulalion. "The excitement in coming together- from across disciplines and from organizations large and small-is palpable," said Mr. Wheeler, co-convener of the Panel. "I am delighted to serve on the Panel and look forward to the meaningful contributions it will make to the good works of the sector." "This is an important opportunity for our sector to take up the challenge of looking at how we conduct our business," said Mr. Brest, co-convener. "We hope that the broad experience and expertise of this diverse panel can be of real assistance to the Senate Committee." Private and community foundations, as well as public charities, are being invited to share in the cost of ensuring broad participation from the sector and in securing the necessary technical and legal experts to inform the Panel's work. The funds raised, while managed by IS, will be devoted exclusively to this endeavor. ### INDEPENDENT SECTOR is a nonprofit, nonpartisan coalition of approximately 600 national organizations, foundations, and corporate philanthropy programs, collectively representing tens of thousands of charitable groups in every state across the nation. Its mission is to advance the common good by leading, strengthening, and mobilizing the independent sector. For more infom1ation, including a list of Panel members, please visit www.lndependentSector.org. �INDEPENDENT SECTOR THE PANEL ON THE NONPROFIT SECTOR Co-Conveners: Paul Brest President William and Flora Hewlett Foundation M. Cass Wheeler Chief Executive Officer American Heart Association Susan Ben·esford President & CEO Ford Foundation Linda Perryman Evans President & CEO The M eadows Foundation Marsha Johnson Evans President & CEO American R ed Cross Brian Gallagher President & CEO United Way of America Kenneth L. Gladish Chief Executive Officer YMCA of the USA Robert Greenstein Executive Director Center on Budget and Policy Priorities Stephen B. Heintz President & CEO Rockefeller Brothers Fund Wade Henderson Executive Director Leadership Conference on Civil Rights Dorothy Johnson President Emeritus Council on Michigan Foundations Paul Nelson President Evangelical Council for Financial Accountability Jon Pratt Executive Director Minnesota Council ofNonprofits William C. Richardson President & CEO W .K. Kellogg Foundation Dorothy S. Ridings President & CEO Council on Foundations John R. Seffrin President & CEO American Cancer Society Sam Singh President & CEO Michigan Nonprofit Association Edward Skloot Executive Director Surdna Foundation Lorie A. Slutsky President New York Community Trust William E . Trueheart President & CEO The Pittsburgh Foundation William S. White President Charles Stewart Mott Foundation Timothy E. Wirth President United Nations Foundation Gary L. Yates President & CEO The California Wellness Foundation Raul Yzaguirre President & CEO National Council of La Raza President & CEO IN DE PEN DENT SECTOR Panel Members: Executive Director: Diana Aviv To learn more about the Panel, visit www.lndependentSector.org. �INDEPENDENT SECTO R BIOGRAPHIES OF THE MEMBERS OF THE PANEL ON THE NONPROFIT SECTOR The Panel on the Nonprofit Sector is comprised of25 nonprofit and philanthropic leaders from a wide spectrum ofpublic charities and private foundations from all parts ofthe country, reflecting diversity in mission, perspective, and scope of work. Paul Brest, president, William and Flora Hewlett Foundation, ofMenlo Park, California, and Cass Wheeler, chiefexecutive officer, American Heart Association, ofDallas, Texas, will serve as co-conveners ofthe group. Diana Aviv, INDEPENDENT SECTOR president and CEO, is executive director, and Patricia Read, IS's senior vice president for public policy and government affairs, is project director. Co-Conveners Paul Brest is the president ofthe William and Flora Hewlett Foundation in Menlo Park, California. The foundation's grantmaking focuses on education, environment, perfonning arts, population, and global economic development. Mr. Brest was previously a professor at Stanford Law School, where he focused on constitutional law and problemsolving/decisionmaking, and he served as dean between 1987 and 1999. He is coauthor of Processes of Constitutional Decisionmaking and currently teaches a law school course on Problemsolving, Decisionmaking, and Professional Judgment. He also was a law clerk to Judge Bailey Aldrich and Supreme Court Justice John M. Harlan, and practiced with the NAACP Legal Defense and Educational Fund, Inc., in Jackson, Mississippi, doing civil rights litigation. Mr. Brest received an A.B. from Swarthmore College in 1962 and an LL.B from Harvard Law School in 1965. He holds honorary degrees from Northeastern Law School and Swarthmore College and is a member of the American Academy of Arts and Sciences. M. Cass Wheeler is chief executive officer of the American Heart Association, a national voluntary health agency whose mission is to reduce disability and death from cardiovascular diseases and stroke. Mr. Wheeler joined the organization at its Texas affiliate in Austin in 1973, where he became vice president for field operations and later executive vice president. He came to the National Center in Dallas in 1982 as chief operating officer, assumed the position of senior vice president for field operations in 1996, and was named CEO in 1997. Under his leadership, the association merged its 56 individual state and metropolitan affiliates into 12 regional affiliates and adopted a single corporate structure . Previously chair of the Board of Directors for the National Health Council, Mr. Wheeler is currently on the boards of Partnership for Prevention, National Center for Tobacco-Free Kids, Research!America, and the National Assembly of Human Service Organizations. He is also on the boards ofiNDEPENDENT SECTOR and Advisors of Discovery Health Media, Inc. and is on the Citizens Advisory Council for the Campaign for Medical Research and Advisory Council of the Campaign for Public Health. Mr. Wheeler received a bachelor's degree in business from the University of Texas at Austin in 1963, after which he served in various roles at the American Cancer Society; between To learn more about the Panel, visit www.JndependentSector.org. �1969 to 1973, he was a stockbroker in Dallas. A native Texan, Mr. Wheeler is an elder in the First Presbyterian Church of Dallas. Panel Members Susan Berresford was named president of the Ford Foundation in 1996. One of the largest foundations in the United States, Ford supports programs around the world that strengthen democratic values, reduce poverty and injustice, promote international cooperation and advance human achievement. Ms. Berresford joined the foundation's Division of National Affairs in 1970 and later became officer in charge of its women's programs and then vice president for the U.S. and International Affairs programs. After serving as vice president in charge of worldwide programming, she was named executive vice president and chief operating officer of the foundation, a position she held until she became president. Prior to joining Ford, Ms. Berresford was a program officer for the Neighborhood Youth Corps and worked for the Manpower Career Development Agency, where she was responsible for the evaluation of training, education, and work programs. She attended Vassar College and then studied American history at Radcliffe College, from which she graduated cum laude. She is on the board of the Council on Foundations and a member of the Trilateral Commission and the American Academy of the Arts and Sciences. Linda Perryman Evans is president and CEO of The Meadows Foundation, one of the nation's largest private philanthropies. The foundation is dedicated to enriching the lives of Texans, particularly in the areas of public education, mental health and the environment. A trustee of the foundation since 1975, Ms. Evans has held a widle range of positions since receiving her B.A. from the University of Texas. In Washington, D.C., she worked for President Ford's re-election campaign, the American Enterprise Institute, the late Senator John Heinz, and the White House Office of Media Relations and Planning for President Reagan. In Dallas, Ms. Evans was an active partner in a public relations firm before assuming her current position. She has been deeply involved in the city's nonprofit community, currently and previously serving on the boards of education, arts, and health care organizations. Her dedication has been recognized many times: in 2002, she received the Prism Award from the Greater Dallas Mental Health Association for her work in improving mental health services, and the Encomienda de Ia Orden de Isabel La Catholica, one of Spain's highest honors, for enhancing relations between Spain and the United States. Ms. Evans currently serves on the Legislation and Regulations Committee for the Council on Foundations, is president-elect of the Conference of Southwest Foundations, and chairs the Mid-America Foundations Task Force on Standards and Accountability. Marsha Johnson Evans became president and CEO of the American Red Cross in August 2002. She leads an organization that annually assists the victims of more than 70,000 natural and human-caused disasters, collects six million units of blood donations, trains more than 11 million people in lifesaving skills, transmits emergency messages for military families around the globe, and provides international relief and development programs. Born in Springfield, Illinois, she graduated from Occidental College in Los Angeles and immediately began a 30-year career in the U.S. Navy. Ms. Evans retired in 1998 as a rear admiral, one of the few women to reach that rank, and soon after became head of Girls Scouts of the USA. There she led efforts to increase To learn more about the Panel, visit www.lndependentSector.org. 2 �substantially the number of adult volunteers, and she created or expanded cutting-edge programs to enhance girls' knowledge of science, technology, sports, money management, and community service. Since coming to the Red Cross, Ms. Evans has championed the recruitment of volunteers and employees from diverse backgrounds and has developed a new strategic plan with input from 6,000 Red Crossers, community leaders, and other stakeholders. Among her many awards are the prestigious 2002 John W. Gardner Legacy ofLeadership Award by the White House Fellows Association. She lives with her husband, a retired Navy jet pilot, in metropolitan Washington, D.C. Brian Gallagher became president and CEO of United Way of America in January 2002. He now leads the national United Way movement, which includes approximately 1,400 communitybased United Way organizations, each of which is independent, separately incorporated and governed by local volunteers. Mr. Gallagher began his 20-year United Way career immediately after college, when the organization selected him as a management trainee. He most recently served as president of the United Way of Central Ohio, leading the organization as it redesigned itself from a fundraising federation to a collaborative community leadership organization focused on the region' s most pressing issues. Prior to moving to Columbus in 1996, Mr. Gallagher spent nearly six years at the United Way of Metropolitan Atlanta, including two years as executive vice president and CEO. He currently serves on the board ofiNDEPENDENT SECTOR. Born in Chicago and raised in Hobart, Indiana, Mr. Gallagher received his bachelor's degree in social work from Ball State University and a master's degree in business from Emory University. Kenneth L. Gladish became the national executive director of the YMCA of the USA in f ebruary 2000. Together, the nation's more than 2,500 YMCAs make up America's largest not- for-profit community service organization, working to meet the health and social service needs of 18.9 million men, women and children. Dr. Gladish entered theY as a boy in suburban Chicago, where he first joined and later volunteered and worked at his local branch. He came to his current position following six years as executive director of the Indianapolis Foundation and William E. English Foundation and three years as president of the Central Indiana Community Foundation. Dr. Gladish has volunteered as a co1lege trustee, Rotary Club president, elder in the Presbyterian Church, and commissioner of the Indiana Martin Luther King Holiday Commission. He currently serves on several boards, including those of American Humanics, the Association of Professional Directors, Chicagoland Chamber of Commerce, and the National Human Services Assembly. Dr. Gladish received his bachelor's degree from Hanover College in Indiana and his master' s and doctorate in foreign affairs from the University of Virginia. He and his wife have two children and live in the Chicago area. Robert Greenstein founded and is executive director of the Center on Budget and Policy Priorities. The Center's analyses of federal and state fiscal policies and of public programs that affect low- and moderate-income families and individuals have made it one of the nation's most respected policy organizations. Mr. Greenstein's expertise on the federal budget and in particular, the impact of tax and budget proposals on low-income people, was illustrated in 1996, when he was awarded a MacArthur Fellowship. He has written numerous reports, op-ed pieces, magazine articles, and book chapters on fiscal and poverty-related issues and is frequently asked to testifY on Capitol Hill. In 1994, he was appointed by President Clinton to serve on the Bipartisan Commission on Entitlement and Tax Reform. Prior to founding the Center, Mr. To learn more about the Panel, visit www.lndependentSector.org. 3 �Greenstein was administrator of the Food and Nutrition Service at the U.S. Department of Agriculture, where he directed the agency that operates the federal food assistance programs, with a staff of 2,500 and a budget of $15 billion. Stephen B. Heintz joined the Rockefeller Brothers Fund in February 2001 as its fourth president. Founded in 1940 by the sons and daughter of John D. Rockefeller Jr., the RBF is an international foundation supporting social change to help build a more just, sustainable, and peaceful world. Before joining the RBF, Mr. Heintz held leadership positions in both the nonprofit and public sectors. He dedicated the first 15 years of his career to pol itics and government in Connecticut, where he served as Commissioner of Social Welfare and Commissioner of Economic Development. In 1988, he helped draft and secure passage by Congress of "The Family Support Act," the first major refonn of the nation's welfare system. Between 1990 and 1997, Mr. Heintz was executive vice president and chief operating officer of the EastWest Institute, where he worked on issues of economic reform, civil society development, and international security in Central and Eastern Europe. Most recently, Mr. Heintz was founding president of Demos: A Network for Ideas & Action, a public policy research and advocacy organization working to enhance the vitality of American democracy and promote more broadly shared economic prosperity. He is a magna cum laude graduate of Yale University. Wade Henderson is executive director of the Leadership Conference on Civil Rights and counsel to the Leadership Conference on Civil Rights Education Fund. The nation's premier civil and human rights coalition, LCCR encompasses over 180 national organizations, including those representing persons of color, women, children, organized labor, persons with disabilities, older Americans, gays and lesbians, civil liberties and human rights interests, and major religious institutions. Under Mr. Henderson's leadership, LCCR has become one of the nation's most effective defenders of civil and human rights; it currently works on election refonn, federal j udicial appointments, public education reform, prevention of hate crimes, criminal justice reform, and immigration and refugee policy. He graduated from Howard University and the Rutgers University School of Law (Newark) and was previously Washington bureau director of the NAACP and associate director of the Washington national office of the American Civil Liberties Union. His many awards include the Congressional Black Caucus Chair's Award; the District of Columbia Bar's William J. Brennan Award; and the Everett C. Parker Award from the Office of Communication, Inc. of the United Church of Christ. Dorothy Johnson served as President of the Council of Michigan Foundations for 25 years. The Council, an association of more than 400 Michigan foundations and corporations offering grants for charitable causes, is the largest regional association of grantmakers in the nation; its mission is to enhance, improve, and increase philanthropy in the state. Ms. Johnson is currently on the boards of theW. K. Kellogg Foundation, the Kellogg Company, AAA - Michigan, Grand Valley State University, and the Corporation for National and Community Service. Her past experience was equally varied, with service on the boards ofNational City Bank, the Grand Haven Area Community Foundation, the Presbyterian Foundation, the Council on Foundations, and Independent Sector. Many organizations have recognized her work: the Council of Foundations named her Distinguished Grantmaker of 2000; and the Michigan Women's Foundation gave her its Women of Achievement and Courage Award. Ms. Johnson has also been president of the To learn more about the Panel, visit www.lndependentSector.org. 4 �Community Foundation Youth Project, a program created to develop youth philanthropy programs. She received her BA from the University of California at Berkeley. Paul Nelson has been president of the Evangelical Council for Financial Accountability for the last 10 years. ECF A, which is now celebrating its 25th anniversary, is an accreditation agency for over 1,100 nonprofit Christian organizations that share a common Statement ofFaith. Mr. Nelson joined ECFA after serving for nine years as executive vice president and CEO of Focus on the Family, a nonprofit radio ministry founded by Dr. James Dobson. He began to work at Focus on the Family in 1985 after spending 23 years in financial management in the chemicals and oil industries. He has represented Focus on the Family and ECF A as a speaker and instructor in both national and international venues, and be has been recognized many times for his service to the nonprofit community including The NonProfit Times "Executive oftbe Year" in 1996. Mr. Nelson graduated from Adelphi College with a degree in business, and he and his wife, Elaine, reside in Winchester, Virginia. Jon Pratt is director of the Minnesota Council ofNonprofits, an association of 1,500 organizations that sponsors research, training, lobbying and negotiated discounts to strengthen the state's nonprofit sector. Before coming to the council in 1987, he worked as attorney/lobbyist for an environmental organization (Minnesota Public Interest Research Group), as regional director for an alternative foundation (the Youth Project), and as director for a coalition formed by nonprofits to reform corporate and foundation philanthropy (the Philanthropy Project). Mr. Pratt currently co-chairs the Public Policy Conunittee of the National Council of Nonprofit Associations, which is made up of 39 statewide nonprofit associations with a combined membership of22,000 organizations. He is also contributing editor of the Nonprofit Quarterly, a national journal based in Boston, and has been recognized several times by The NonProfit Times as one of the 50 most influential nonprofit leaders in the United States. Mr. Pratt has a law degree from Antioch School of Law and a M.P.A. from Harvard University. He lives in Minneapolis. William C. Richardson is president and chief executive officer of the W. K. Kellogg Foundation. The Foundation is dedicated to building the capacity of individuals, communities, and organizations in solving challenging issues. Before becoming head of the Kellogg Foundation, Dr. Richardson was president of the Johns Hopkins University; he has also been executive vice president and provost of Pennsylvania State University and served as dean of the graduate school and vice provost for research of the University of Washington. Dr. Richardson has been active with all three sectors of society, non-profit institutions, governn1ent, and corporations. He is a trustee of the Council of Michigan Foundations, a former chair and board member of the Council on Foundations, and a fellow ofthe American Academy of Arts and Sciences and the American Public Health Association. He is a member of the Institute of Medicine ofthe National Academy of Sciences and chaired its Committee on the Quality of Health Care in America. He serves on the boards of directors of the Kellogg Company, CSX Corporation, and The Bank ofNew York. Dr. Richardson graduated from Trinity College with a bachelor's degree in history and later earned an M.B.A. and Ph.D. in business from the University of Chicago Graduate School. Dr. Richardson and his wife, Nancy, have two children and live in Hickory Comers in southwestern Michigan. To learn more about the Panel, visit www.lndependentSector.org. 5 �Dorothy S. Ridings is president and CEO of the Council on Foundations, a national association of more than 2,000 foundations and corporations whose grants this year will total approximately $18 billion. Before joining the Council in 1996, Ms. Ridings spent eight years as publisher and president ofKnight-Ridder's Bradenton Herald in Bradenton, Florida. She previously served as a Knight-Ridder general executive in Charlotte and held editorial and reporting positions at The Kentucky Business Ledger, The Washington Post and The Charlotte Observer. Ms. Ridings was president of the League of Women Voters from 1982 to 1986, and was a member of its board of directors from 1976 to 1986. She serves as board chair of the National Civic League and of the Louisville Presbyterian Theological Seminary, and she is also a member of the boards of the Foundation Center and the Commission on Presidential Debates. Formerly a trustee of the Ford Foundation and a director of the Benton Foundation, she is currently a member of the council that accredits journalism schools. She holds a bachelor's degree in journalism from Northwestern University's Medill School of Jownalism and a master's degree from the University of North Carolina, and she taught journalism at the University of Louisville and the University of North Carolina. John R. Seffrin is chief executive officer of the American Cancer Society, the world's largest voluntary health organization devoted to fighting cancer. Prior to being named CEO in 1992, Dr. Sef:frin was professor of health education and chair of the department of Applied Health Science at Indiana University. During 20 years as an ACS volunteer, he chaired the Indiana Division board of directors and, later, the national board from 1989 to 1991. Two governors of his home state oflndiana have recognized Dr. Seffi·in' s work, and he was awarded an honorary Doctor of Science degree from his undergraduate alma mater, Ball State University. He is a member of the board of directors ofiNDEPENDENT SECTOR and is currently finishing his third year as chair. He has also served numerous public service and governmental agencies, including as vice president of the American Lung Association's national board of directors and as a member of the U.S. Surgeon General 's Advisory Committee on Smoking and Health. Dr. Seffrin is recognized as an international cancer control leader who has spoken on public health issues throughout North America, Australia, Europe, and Asia. In June 2002 he became President of the International Union Against Cancer, the only global NGO whose singular purpose is to advance the worldwide fight against cancer. Dr. Seffrin lives in Atlanta with his wife. Sam Singh is the president and CEO of the Michigan Nonprofit Association, a 750-member organization dedicated to promoting an effective nonprofit sector by convening key nonprofit organizations, encouraging voluntary giving and service, and taking an active role in nonprofit public policy. Before joining MNA, Mr. Singh worked at several other nonprofit organizations, including the Volunteer Centers of Michigan, the Michigan Community Service Commission and the Points of Light Foundation. He currently serves on the Board of Directors for the Points of Light Foundation, the Capital Area Transit Authority (CATA), the Michigan Association of United Ways, and the Capital Regional Community Foundation. A graduate of Michigan State University with a B.A. in history, he lives in East Lansing, where he was re-elected to serve a four-year term on the City Council and is currently serving as Mayor Pro Tern. Edward Skloot is executive director of the Surdna Foundation, a family foundation headqua~1ered in New York City that makes grants in five fields: the environment, neighborhood revitalization, youth organizing, arts, and nonprofit sector issues. The foundation ' s first To learn more about the Panel, visit www.lndependentSector.org. 6 �professional employee, Mr. Skloot has built a staff of 20 and helped Surdna, which has assets of nearly $700 million, earn a national reputation for entrepreneurial grantmaking, collaborative approaches with other funders and grantees, and aggressive solution-finding for complex problems. Mr. Skloot previously founded and ran New Ventures, a consulting firm that created the field of social venturing and nonprofit entrepreneurship; he also wrote the first article ever published on the subject, in the Harvard Business Review in 1983. He currently serves on the board of Conswners Union (publisher of Consumer Reports) and Venture Philanthropy Partners, a group of venture capitalists helping youth-serving organizations in the Washington, D.C. region. He is a member of the advisory board of the Bridgespan Group, a nonprofit consulting firm. Mr. Skloot has written and spoken widely on the subjects of nonprofit management, social venturing and sectoral leadership and is also a member of the Editorial Board of the Stanford Social Innovation Review. He graduated from Union College in Schenectady, New York, and from the Columbia University School oflnternational Affairs. Lorie A. Slutsky has been the president of The New York Community Trust, the country's largest and one of its oldest community foundations, since 1990. Though it also funds many different projects, the Trust focuses on four areas: arts, education, and the humanities; children, youth, and families; community development and environment; and health and people with special needs. Ms. Slutsky began at the Trust in 1977 as a grantmaker for education, housing, government and urban affairs, and neighborhood revitalization. She was appointed vice president for special projects in 1983 and executive vice president in 1987, when she assumed responsibility for strategic planning, personnel and budget management, and oversight of all departments. The trust's assets have tripled since she became president, and Ms. Slutsky helped set up the September 11th Fund to respond to the aftermath of the World Trade Center attacks. She received her B.A. from Colgate University, where she was a trustee for nine years, and her M.A. from New School University, where she is currently a trustee. Ms. Slutsky is chairn1an of the board of BoardSource, a director of Alliance Capital Management, and a board member of the Center for Philanthropy at Indiana University. She was previously chairman of the Council on Foundations and vice chairman of the Foundation Center, and she has served on many other boards, including United Way ofNew York City, Hispanics in Philanthropy, the Nonprofit Finance Fund, and the Nonprofit Coordinating Committee ofNew York. William E. Trueheart is president and chief executive officer of the Pittsburgh Foundation, which since 1945 has worked to improve the quality of life in its region by addressing community issues, promoting charitable giving, and connecting donors to critical needs. Dr. Trueheart has had a richly varied career with nonprofit organizations, including work at several major universities. After many years at the University of Connecticut, including as a Dean, he moved to Harvard University, where he was associate secretary of the w1iversity and assistant dean and director of the Master in Public Administration program at the John F. Kennedy School of Government. He then moved to Bryant College in Rhode Island, serving as executive vicepresident before becoming the school's first African-American president. Immediately before his current position, he served as president of Reading Is Fundamental, Inc. Dr. Trueheart has consulted with the National Park Service, the Ford Foundation, the Lilly Endowment, and the Mary Reynolds Babcock Foundation. He has extensive experience on the boards of local and national nonprofits: he has been nominated to serve as chair of Independent Sector, and he was previously chair of the Rhode Island Independent Higher Education Association, vice chair of To learn more about the Panel, visit www.lndependentSector.org. 7 �the National Council of Presidents for the Association of Governing Boards, and a director of the American Institute of Certified Public Accountants. He earned his B.A. from the University of Connecticut, his M.P.A. from the John F. Kennedy School of Government, and his Ed.D. from the Graduate School of Education at Harvard. William S. White is chainnan, president and CEO of the Charles Stewart Mott Foundation, a private philanthropy based in Flint, Michigan, committed to supporting projects that promote a just, equitable and sustainable society. Mr. White joined Mott in 1969, became its president in 1976, and assumed the role of chairman in 1988. He currently serves on the boards of the European Foundation Centre, United States Sugar Corporation (chairman), Network of European Foundations for Innovative Cooperation, the After-School All-Stars, INDEPENDENT SECTOR, the C. S. Harding Foundation, and the Isabel Foundation. He has previously served on the boards of GMI Engineering & Management Institute (now Kettering University), CIVICUS: World Alliance for Citizen Participation; Council of Michigan Foundations; the Flint Public Trust, Council on Foundations, the Flint Area Focus Council, American Friends of the Czech Republic, American Water Works, Daycroft School, and Adventures Unlimited. In the 1980s Mr. White was a member of President Ronald Reagan's task force on private sector initiatives, and in the 1990s he served on the Carter Center's observer delegation to the Palestinian elections, on the U.S. Presidential Delegation to observe the Bosnian elections, and on a Presidential Economic and Business Development Mission to Croatia and Bosnia. He received a B.A. and M.B .A. from Dartmouth College, and is the recipient of several honorary degrees. Mr. White is married and has two children. Timothy E. Wirth is the president of the United Nations Foundation and Better World Fund, both of which were founded in 1998 to support and strengthen the work of the United Nations. Sen. Wirth began his career in governn1ent as a White House Fellow under President Johnson and later became Deputy Assistant Secretary for Education in the Nixon Administration. In 1975, he returned to his home state of Colorado and won the first of six consecutive terms for the U.S. House of Representatives, where he concentrated on communications technology and budget policy. Sen. Wirth was elected to the U.S. Senate in 1987 and shifted his focus to environmental issues, especially climate change and population stabilization. After choosing not to run for re-election, he served as the first Undersecretary of State for Global Affairs, coordinating U.S. foreign policy on refugees, population, enviromnent, science, human rights and narcotics. President of the UN Foundation since its inception, Sen. Wirth has developed its mission and program priorities, which include the environment, women and population, children's health and peace, security and human rights. Sen. Wirth graduated from Harvard College, where he has since served as a member of the Board of Overseers, and holds a Ph.D. from Stanford University. He is married to Wren Wirth, president of the Winslow Foundation; they have two grown children. Gary L. Yates is president and chief executive officer of The California Wellness Foundation, which works to improve the health of the state's people by making grants for health promotion, wellness education and disease prevention. His more than 30 years of experience in public health and education include serving as associate director of the division of adolescent medicine at Children's Hospital Los Angeles. A licensed marriage and family therapist, Mr. Yates is also assistant clinical professor of pediatrics at the University of Southern California School of To learn more about the Panel, visit www.lndependentSector.org. 8 �Medicine. He serves on the boards of the Council on Foundations, the Foundation Consortium, and INDEPENDENT SECTOR. He has received official commendations from the governor of California, the California State Senate, the city of Los Angeles, and the Los Angeles County Board of Supervisors. Mr. Yates was also the recipient of the 1999 Hispanic Health Leadership Award from the National Coalition ofHispanic Health and Human Services Organizations and the 1998 recipient of the Los Angeles Free Clinic's Lenny Somberg Award. He received his undergraduate degree in governn1ent from American University in Washington, D .C., and his master's degree in counseling psychology from the University of Northern Colorado. Raul Yzaguirre is president of the National Council of La Raza, the largest constituency-based national Hispanic organization and leading H ispanic think tank in America. Born in the Rio Grande Valley of South Texas, he began his civil rights career at 15, when he organized a junior auxiliary of an Hispanic veterans organization. After four years in the U.S. Air Force Medical Corps, he founded the National Organization for Mexican American Services, and a proposal he wrote for NO MAS led to the creation of what is now NCLR. Mr. Yzaguirre joined NCLR in 1974 and has spearheaded its emergence as the country's most influential and respected advocate for Hispanics. Mr. Yzaguirre has been honored on many occasions for his work: for example, he was the first Hispanic to receive a Rockefeller Public Service Award from Princeton University, and he received the Order of the Aztec Eagle, the highest honor given by the government of Mexico to noncitizens. He serves on the board of directors of numerous organizations, including Sears, Roebuck and Co., United Way of America, AARP Services, Inc., National Hispanic Leadership Agenda, and the Leadership Conference on Civil Rights; he is also a past chairman of INDEPENDENT SECTOR. Mr. Yzaguirre, who lives in the Washington area, received his B.S. from the George Washington University. Executive Director Diana Aviv is president and CEO ofiNDEPENDENT SECTOR, a nonprofit, nonpartisan coalition of approximately 600 national organizations, foundations, and corporate philanthropy programs, collectively representing tens of thousands of charitable groups in every state in the nation. Its mission is to advance the common good by leading, strengthening, and mobilizing the independent sector. Prior to joining IS in 2003, she spent nine years at United Jewish Communities as vice president for public policy and director ofthe Washington Action Office. Ms. Aviv was formerly associate executive vice chair at the Jewish Council of Public Affairs, director of programs for the National Council of Jewish Women, and director of a comprehensive program serving battered women and their families. She currently serves as chair of the National Immigration Forun1, is an advisory board member of the Stanford Social Innovation Review and the Center for Effective Philanthropy, and is a member of the Board of Governors for the Partnership for Public Service. A native of South Africa, Ms. Aviv graduated with a B.S.W. from the University of Witwatersrand in Johannesburg and received her Master of Social Work degree at Columbia University. To learn more about the Panel, visit www.lndependentSector.org. 9 �t;t-U\1'\LfS !.aAASSl..EY, tOWA. t;JWJ,MioN OM!N G. HA"TCH. UTI->I MAX BAUCUS. MOI'lTANA OON Nlr:Ja.£S, OK.~O~ TI'E!\!TLOTT. MI$$1$SIP'PI OLYMPtAJ, Gf'\IOV.'t!, MAifiL!: J:JN lC't"L All:lz0NA JOHN D. ROC('EFe,.l.ER 'N~ VYE'ST VIRGINIA iOM 1;)~1'1'1-i. WJJTH DAKOTA JCHN l)::t~J\l.JX, LOUI9!.AN.A K.E.NT CONP'ttC. NQfiTH DAKOTA c:xAlG Th'OI'MS. \.WOMING. RlQ( SM"TORUM. PENNSYlVANIA aJU FR~. 'itNNE~S...C'£ GOADONSMlTM'. OAECON JIM &uNNING. J(.I~~TuOCY JAM($ M. ;~AOS (Q, VE!IMON't JEF~ tiiNG~AN. NE\N MEXICO JOHN ". Kefii'\Y, MJ\SSAO(USETTS BU\NC:--tE 1.- uNCDLN~.A..f\X.ANSAS DOU GI1Al"'AM. R..CRi!IA 0Avr1, STAFF OIRECTO~ NJO (;hl~F COUNSEL fruSSEL!. SIJ',C,'IIAN.O"-'J!OCRt:rtC STA.FFOIRECTOR J(Oo.AN tinitrd ~tarrs ~rnett COMMITTEE ON FlNANCI! WASHINGTON, DC 20510-6200 September 22, 2004 Ms. Diana Aviv President and CEO Independent Secior 1200 18m St. NW, Suite 200 Washington, D.C. 20036 Dear Ms. Aviv: The Senate Finance Committee is deeply concerned about transactions with and within charitable organizations that arc inappropriately exploiting charities' tax-exempt :s~lu:> a.uu thi:lt u1a_y be w.rougly curi~;.lring individuals and corporations. We are considering a number of comprehensive reforms to protect charities from bad actors and strengthen their accountability to donors. W c are mindful that this is a large and diverse sector and our intensions are to encourage good practice, sound governance and responsible work that leads to the improvement of the common good. We are aware and applaud the many efforts around the country by nonprofit sector organizations to consider how beSt to encourage good practice and conversely root out the bad actors. The discussions at the Senate Finance committee roundtable on iuly 22"d convened by our staff provided an oppommity for the airing of some such irritiatives and also gave us input regarding legislation that will be forthcoming thereafter. We are gratified by the strong degree of support for enacting legislation that will facilitate the collection of more useful information, in a format that allows for greater consistency and transparency through electronic filing. These are among a number of issues for which there appears to be immediate support that are important to put in place without delay. We recognize also that for some in the sector there is concern about the broader issues relating to governance and practice and to achieve similar support will take time and careful analysis to construct appropriate legislative remedies and enable good selfregulation. Toward that end we encourage you to convene an independent national panel on the non-profit sector to consider and recoiilllJ.end actions that will strengthen good governance, ethical conduct and eff~tive practice of public charities and private foundations. We encourage you to work with those committed to reform and not let a potential minority prevent substantive improvements by requiring unanimity on proposals. There is great value in your bringing together an independent group of leaders with broad experi~n(!~ whose wisdom might inform this J?roce~s~ While we cannot be bound by your panel' s work, we would welcome the recommendations that will be �forthcoming from such a panel to assist our legislative efforts to :improve oversight and governance of charitable organizations, as well as to stimulate or initiate efforts wirhin the charitable couun.unity to identify and enforce standards of best practices in the areas of though not limited to governance, transparency, financial accountability, conflicts of interest, fundnrising practices, and grant making practices. Given the urgency of the situation, we encourage you to move forward expeditiously to convene such a body, and share your recommendations as you develop them, particularly as they relate to legislative action. We would appreciate the panel providing a report of its initial findings and recommendations to the Finance Committee by February 2005 and a fmal report in the Spring of2005. Thank you for your tirne and assistance. We ask for a response within 30 days. Cordially yours, Charles E. Grassley Chairman ~ MaxBaucus Ranking Member �INDEP ENDENT S ECTOR Thr nario.allradmhip forum October 12, 2004 foslrring privalr inilialivr fo r ihr public good 1200 Eighteenth Street, NW Suit~ 200 Wa<hington, DC 20036 Senator Charles E. Grassley, Chairman Senator Max Baucus, Ranking Member U.S. Senate Committee on Finance Washington, DC 20810-6200 102-467-6 100 fax 202-467-6101 www.lndependentSector.org Dear Senator Grassley and Senator Baucus, info@lndependentSector.org John R. Sdfrin Cbmr Gary L. Yata Thank you for your letter of September 22, 2004, encouraging INDEPENDENT SECTOR to convene an independent panel on the non-profit sector to consider and recommend actions that will strengthen good governance, ethical conduct and effective practice of public charities and private foundations. Vict 0 Mir Paul• Van NCS$ Trrnsurtr Chri<lopher Gate< Srcrttary Diana Aviv Prnid(!lr mur CEO We appreciate your thoughtful comments about the diversity ofthis important sector and the many good efforts around the country to consider how best to encourage good practice and address the wrongful actions of those who are exploiting charities' tax-exempt status and abusing the public trust. We applaud your desire to engage in serious analysis and deliberation to construct appropriate legislative remedies and enable good self-regulation. Bonrd of Dirtdors E..iw.;u -d I L Ahle, Jr. Angela Clover Blackwell K.athleen W. Buechel Hodding Carter Ill Robert W. Edgar Uwis M. Feldstein David Ford Barry Calxrman ~rian C.llaghcr Marilda Candora Pe~er 8. Coldlxrg Darell Hammond ) . Bryan Hehir J.D. Hokoyama Kevlo KI()S( K.athlecn D . McCarthy Gabriella E. Morri< To that end, we are proceeding with convening the independent national panel on the non-profit sector that you have called for and plan to engage a broad spectrum of leaders from charities and foundations of all sizes, as well as technical, legal, and financial experts to assist the panel in its work. As you have requested, the panel will provide an initial report of its findings and recommendations to the Finance Committee in February 2005, and a final report in the spring of 2005. We expect the work of the Panel to continue through the fall and will probably update our recommendations to you at that time. Karen N aras(llki Hilary Pennington M ichad Rubi ngcr Mary 8~ch S•lerno Donald M. Stewart William Trucheart Cous Whe-eler William S. White Tht Honorabl~ John W. Gardner ( 19 12-1001) I have attached a list of the outstanding individuals who have agreed to serve on the panel. We will provide other updates to your staff as we proceed with this important effort. Thank you for your interest and support for the work of this vital sector. We look forward to working with you in the months ahead. foll"'liHg Cixur Brian 0 1Conndl Sincerely, Found1"9 PrtSidntt 111nJ PrtsUtnl ElfttrilU1 ~ 1{)/Y'O/\. Diana Aviv President and CEO � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Government-Relations-Committee-Report Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book government relations committee report Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book government relations committee report. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50568 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/fe4641d2b9a47f9a997b51d689bb4158.pdf a22eb10deda4fd32f6f3a7b5a4eb9c28 PDF Text Text October 25, 2004 Memo To: S. Martin Taylor, Chair, and Members of the Board of Trustees From: Russell G. Mawby, Chair, National Steering Committee Kathy Agard, Executive Director Re: Learning to Give Progress Report On behalf of the National Steering Committee for Learning to Give (LTG), we are pleased to present the following resolutions for your consideration and support. We believe the proposed action is the appropriate step in what we hope will become a national organization and philanthropy education movement. RESOLVED that the Learning to Give Initiative become a supporting organization of the Council of Michigan Foundations with appropriate transfer of grants and contractual obligation as reviewed by legal counsel and approved by current funders of the Initiative. RESOLVED further that the following individuals be appointed as founding Trustees for the terms as designated, with the bylaws designating that the president of the Council of Michigan Foundations (CMF) shall serve as the common trustee to CMF: One vear Dorothy A. Johnson, trustee, W.K. Kellogg Foundation Robert S. Collier, president, Council of Michigan Foundations Two years C. David Campbell, president, McGregor Fund Julie F. Cummings, trustee, The Max M. and Marjorie S. Fisher Foundation, Community foundation for Southeastern Michigan, Community Foundation for Palm Beach and Martin Counties Mark Murrray, president, Grand Valley State University Three years James A. Kelly, founding president, National Board for Professional Teaching Standards Rick Little, president, Imaginenations Background We are delighted to share that Dottie Johnson and Jim Kelly have agreed to serve as CoChairs of this new Board. The fow1ding Board, provided that you approve of this action, w ill have its organizing meeting this afternoon, November 3'd to approve: bylaws, submission of a Form 1023 to the IRS and a 16 month budget for the period December 1, 2004 to March 31 , 2006. The proposed bylaws that will be reviewed by CMF Legal Counsel Duane Tarnacki, who created CMF's two other supporting organizations, will allow for a Board of up to 21 and an Executive Committee of 5. The Founding Board of Trustees will seek additional Trustees from the corporate, and nonprofit sector outside of Michigan as well as from diverse communities, who can advance the national mission of LTG. �Learning to Give October 25, 2004 Page 2 It has been a busy summer since we last met with you in June. Please note the editorial from the Kalamazoo Gazette that follows this report and resulted from the successful launch of Learning to Give at Grand Valley State University in June. Here are some highlights of what has led to the recommendation being presented today. During the spring and summer of 2004, LTG received consultation from lEG related to corporate sponsorship, the National Council for Nonprofit Enterprise related to sustainability, and Brigandi and Associates related to attracting corporate sponsorship. Each of the consultants recommended that LTG develop an identity separate from CMF. After discussion by small planning groups over the summer, the LTG Steering Committee approved this resolution for the CMF Board's consideration. Reasons for Separating LTG from CMF a. CMF is Michigan--focused, LTG desires to have national and eventually international scale b. CMF's Michigan base and membership base makes it difficult to attract national level and corporate based volunteer leadership c. CMF is a trade association of grantmakers--individual donors, and foundations may have some hesitation in funding CMF for LTG d. Corporate sponsors seek to link their brand with a nationally known philanthropic brand-LTG rather than CMF should be the brand partner. Reasons for Keeping LTG connected to CMF a. LTG has no administrative support structure at this time (bookkeeping, personnel, related insurance, auditing etc). Nor rloes f ,TG have the financial support to hire these serv1ces b. LTG has only a fledgling fund-raising history with individual donors, and only a fledgling start at fee for service income strategies. c. LTG has no formal legal or governance structure, this needs to be developed over time, the volunteer leadership is advisory d. LTG is uniquely positioned within the philanthropic-grantmaking world, giving it an unusual strategic setting. Before abandoning this unique position, more strategic thinking is required. The two potential new homes for LTG: in education, or as a separate nonprofit, are fields crowded with highly mature organizations. LTG will need to be prepared to compete for resources within either of these domains prior to becoming independent. e. CMF can help LTG mitigate some of its weaknesses in attracting corporate sponsorship by sharing benefits: exposure in CMF publications, educational seminars, and on the CMF web-site. f. LTG has explored other alternative homes during the past five years, and has developed a set of criteria for evaluating potential larger organizational venues. In each case explored, the host institution would only be interested if LTG brought self-sufficient resources with the program--offering no unique financial advantage. Unique Features ofa Supporting Organization Structure a. LTG can develop a national level governance structure with its own 501 c3 supporting organization status b. LTG will have its own financial books, and separate audit. Financial and other systems w ill become more easily dis-engaged from CMF's systems in the future, if desired. c. Donors and revenue: individuals, and foundation gifts; corporate sponsorship, and sales; and other agreements will be with LTG as a legal entity, rather than to CMF for LTG �Learning to Give October 25, 2004 Page 3 d. Major gifts from single private foundation sources could be received by LTG without the problem of"tipping" into private foundation status e. CMF has experience in developing, managing, and spinning-off philanthropic functions using this model f. This option provides a mid-step between LTG 's current status as a project of CMF, and full organizational independence g. If LTG is not financially viable, CMF's Board would still have final authority over, and responsibility for, disposition of the assets . �Learning to Give October 25, 2004 Page 4 Learning to Give Progress Report-Fan 2004 Highlights Planning: The past five months have focused on gathering strategic information and discussing future directions for Learning to Give. In June, two reports were received from national consulting firms: lEG, a firm specializing in corporate sponsorship, and the National Council for Nonprofit Enterprise (NCNE), a firm specializing in issues of non-profit sustainability through earned income. During July, August and September, these reports were discussed in small groups with the Steering Committee, LTG staff/consultants, and Teachers. In addition, the reports were reviewed by a corporate marketing director who arranged for a Chicago marketing firmBrigandi and Associates to help LTG develop a marketing plan, on a pro-bono basis. A full-time temporary employee, Derrick Feldmann, has been hired to assist in the web-site development project and also in the research needed to support the proposals for corporate sponsorship. Derrick is a recent graduate of the Center on Philanthropy and has been the graduate student for Learning to Give-Indiana. Special Projects: Learning to Give's ability to develop philanthropy education materials, lessons, and support has been discovered and a number of partnership opportunities have emergect The projects include: lesson plans for the Shalom Street museum in Detroit, teacher guides for the "Profiles" of Battle Creek philanthropists, lesson plans supporting IMAX theater movies, movie ads (extending LTG's reach by 1 million impressions per year), and 2"d grade and 9111 grade lesson plans in partnership with Junior Achievement for the W.K. Kellogg Foundation th . 75 anm versary. In addition, the Glenn Institute at Westminster Schools in Atlanta, has contacted LTG to work in conjunction with I.U. on a "high end" junior year in high school comprehensive cun·iculum on philanthropy (video, lessons, resource materials) that can be packaged and sold. Westminster is interested in working with LTG in developing this package for private independent schools. Web-site Enhancements: The LTG web-site has been undergoing major background revision, foreground editing, and preparation for the addition of "rooms" extending the resources to new audiences. The lesson plans have been moved from word documents to database documents, allowing us to add multiple state standards to the same lesson plan. A ll of the lessons have been re-coded to the standards for the State of Indiana, a separate LTGIndiana home page resides within the LTG web-site, and new lessons have been placed that have both Indiana and Michigan standards. A web-site design revision is undetway. New features under construction are: • Online self-paced tutorial for educators (ten-30 minute sessions) • Youth worker room-1 6 LTG units have been rewritten into activities suitable for youth workers �Learning to Give October 25, 2004 Page 5 • • • • Religious instructor room-briefing papers and audio on various religious traditions and philanthropy are being developed Parent/caregiver room-the family foundation book has been redrafted for non-foundation families Community room-due later in 2005 Student rooms-due in 2006 In addition, the Fetzer Institute is underwriting the cost of moving their "Generosity of the Spirit" philanthropy materials to the LTG Web-site: 200 myths, legends and stories of generosity from around the world; a discussion guide for groups to pursue deeper understanding of philanthropy; and text of donor interviews. LTG will write lessons to support the stories during summer 2005. Public Relations: Initial efforts to increase public visibility for LTG are successful. The stories include the launching of the LTG-Michigan partnership with GVSU with a luncheon sponsored by the President of GVSU and his wife at the start of the LTG summer institute; articles and editorials across Michigan as a result of the Booth newspaper reporting on LTG; use of LTG as "responders" to other stories on service-learning; and national coverage in Education Week, the Council on Foundations e-newsletter, and a journal article in Principal Leadership, a publication of the National Association of Secondary School Principals. LTG has retained Mike Gallagher as a consultant on writing/placing articles in the national education, service-learning, youth development, and philanthropy fields. Mike also works as an editorial consultant to CMF. University Partnerships: LTG-Indiana: the Indiana partners have hired a new full-time staff person, Kathy Matthies. Kathy brings experience as a classroom teacher, in working within the university, and in project management. Five new partner schools and a pre-school YMCA program (the first LTG schools in Indiana) have been recruited and teachers are currently being oriented to LTG. A small, but successful, summer institute was held in June, led by Indiana teachers, and work is underway to begin integrating philanthropy education into the professional development "life cycle" of teachers. LTG' s African-American posters were distributed to over 300 attendees at the Indiana Center"s African-American Philanthropy's Symposium in August. LTG-Michigan: the GVSU College of Education partners have recruited and are providing inservice professional development to nine new LTG schools in western Michigan. The second workshop for approximately 200 student teachers was held in September. Research on the integration of philanthropy education into the undergraduate Foundations of Education course is underway. Summer institute for teachers are planned for: June 21-24, 2005 in Indiana June 27-30, 2005 in Michigan Interest in LTG Individuals and groups continue to express interest in Learning to Give. • Seattle: a home school consortium will make a decision shortly on bringing LTG to their "school". �Learning to Give October 25, 2004 Page 6 • • • • • • • Cincinnati: a fami ly foundation is considering LTG in their region. Kansas City: a teacher trained during the Kansas summer institute several years ago is implementing school-wide service-learning and is working with their administration to become a LTG school. Colorado: the community service commission President of the board is interested in bringing LTG to the state New York: a family foundation member attended the summer institute and is interested in bringing LTG to New York City West Virginia: a local youth grantmaking organization focused on young women has asked LTG to revise the women's briefing papers to include these on their web-site. Permission was given as long as the briefing papers are not sold, and LTG is acknowledged as the creators of the papers. Seoul, South Korea: three staff from the Beautiful Foundation attended the summer institute in Michigan. They have already download and use LTG lesson plans in a program to support the development of philanthropy in South Korea (a copy of their local news report is included in the packet). Bermuda: a private school in Bermuda is considering LTG Learning to Give-Key Statistics NUMBERS OF STUDENTS REACHED BY LTG: 99, 725 tn:rn OJ Students 150,000 100,000 + - -------==:-----r----.----1· 50,000 0 +-~~--,-~~~~~~-r~--~ Jan-04 Apr-04 Sept-04 Projected 2005 Report Date Projected Apr-04 Sept-04 2005 92,000 99,725 135,050 74,650 Jan-04 Students �Learning to Give October 25, 2004 Page 7 Learning to Give Web Site Number of User Sessions Per Quarter (Years 2000-2004 YTD) 45,000 40,000 35,000 / 30,000 /// 25,000 [J 2000 20,000 .2001 0 2002 15,000 0 2003 10,000 . 2004 5,000 Q; Q; .c .c E <ll 0.. E <ll (.) <ll (/) <ll Cl LTG Lessons c:: 0 800 Q) 600 Ill Ill ...J Ill D Sep-00 • May-01 D Sep-01 DMay-02 ..... c:: 0 nl 400 ~0:: .c 200 ::I 0 E z • sep-02 DMay-03 1 K-2 2 3-5 3 6-8 9- 12 Grade l evels 4 Total 5 • sep-03 DMay-04 • sep-04 NUMBER OF LESSON PLANS ON THE WEB-SITE: 701 Editing, fairness review, field-testing, and placement on the Web continues for the philanthropy lessons and units. � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Learning-to-Give Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book Learning to Give Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book Learning to Give. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50569 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/c89a25fc68e9857be17e444184e93021.pdf 6bbb513e4c2daec696fa1ee142cfa175 PDF Text Text CMF Cou ncil of Michigan Foundations Serving grantmakers. Advancing giving. Date: October 26, 2004 Memo to: S. Martin Taylor, Chair and Members ofthe Board ofTmstees From: Betsy Upton Stover and Ira Stmmwasser, Co-Chairs Rob Collier, President Re: Membership Committee Report The Membership Committee met on October 6 and presents the following resolution for action. RESOLVED that the following six grantmakers be approved for membership: AAA Michigan, Dearborn Susan Carbin Krichbaum, Manager, Community Relations Allen Foundation Inc., Midland Gail E. Lanphear, Chaim1an of the Board Stanley & Blanche Ash Foundation, Greenville Jennifer Ash, Tmstee Edalene & Ed Brown Family Foundation, Ltd., Troy David M. Thoms, President Plante & Moran, PLLP, Battle Creek (rejoin) Vicki VanDenBerg, Partner UBS- Michigan, Flint William H. Moeller, Senior Vice President In addition, the following two members are dropped from membership at their request. The Iacocca Foundation, belongs to Associated Grantmakers of Massachusetts making many of our services duplicative. "You all do a great job." Rosenzweig Coopersmith Foundation, family all live out of state - rarely able to participate. �I. Membership Status and Retention Activitv Summarv {or period April 1 through October 26. 2004 Memberships at 4/l /04 New members Dropped Membership at 10/26/04 Renewals# Renewal% Renewals & New Additional # Additional $ 393 7 (includes Allen, Smith Bamey, AAA MI, Brown, Ash, UBS and Plante &Moran/rejoin) 2 (Iacocca & Rosenzweig Coopersmith) 398 301 77% $686,950 16 $ 11,710 Ninety (90) grantmakers have yet to renew. Twenty (20) did not pay their 2003 dues, and senior management is working to determine those we should drop from membership. A second reminder letter was sent to 8 1 grantmakers in mid-September, resulting in 21 additional renewals to date. CMF membership stands at 398. The following chart summarizes the current membership composition: Private: 226 Family Foundations Independent Foundations 166 60 Foundations Affiliates Donor-Advised Funds Supporting Organization 55 32 3 1 Foundations Giving Programs 28 30 Community: 91 Corporate: 58 Public: Foundations Donor-Advised Funds Out-of-State Associate: Private Foundations Totals: 19 17 2 4 4 398 398 �II. Feedback and Experience One small family foundation member, whose dues went from $150 to $300, is concerned because dues now constitute 12% of their $2,500 annual grantmaking. Another calculation shows their dues as a percentage of assets of $50,000 at .06. However, iftheir assets were $10 million the assessment would be .03%. They have yet to renew, and may set up a donor-advised fund in their local community foundation. Another member wrote of a tight expense budget and the need to make tough decisions with limited resources. Only thirteen (13) members have underpaid their dues, ranging from $100 to $1,900. We invited members to take two years to reach the new dues level, so do not find these numbers of concern, and are dealing with each on an individual basis. III. New Category- Non Member In order to help increase and promote philanthropy in Michigan, staff has recommended a new category for participation in CMF - Corporate Giving Program-Individual Consultant Service (Definition & Criteria attached). Upon review the Committee has endorsed the concept, however making it clear that this is not a membership category. Individuals are defined as lawyers, accountants and financial planners to the wealthy, who do not have an individual or corporate foundation. The goal is to bring the "gatekeepers to philanthropy" closer to CMF, to educate them and in turn help them better serve their clients who may be creating foundations or donor advised funds at community foundations. Any individual consultant responding to this opportunity will not be offered membership status, and therefore, will not have voting privileges. The annual fee of $500 would cover the basic cost per organization- calculated at $495 by David Lindberg. �COUNCIL OF MICHIGAN FOUNDATIONS Criteria for Associate Partners: Individual in Consulta nt Service Definition: A n indh•idual in a consulta nt service has a profit-making organization or is employed at a profitma king compa ny, such as law firm , financial ser vices or accounting agency and is involved in charitable giving. Requirements for Partnership with C MF I. Provides a list of charitable contributions made in the preceding I 2 months exceeding $5,000 2. Confirms that there is no personal, current fam ily foundation or donor advised fund at a community foundation 3. Commits to NOT use CMF membership to solicit business or donations 4. Subscribes to the Guiding Principles required of all members and partners 5. Confmns that he/she is actively working with clients on financial planning issues 6. Willing to share news of CMF educationa l activities with clients Benefits of Partnership I. May participate in all CMF Programs and Services at the "member" rate 2. Receives educational information by email to share w ith clients Fee Annual Fee of $500. Exclusions Does not vote in T rustee elections. S:\Boards and Commitees\CMF\Board\2004\ ll.3.04MtgMaterials\MembershipConsultant Svc lnd.doc � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Membership-Committee-Report Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book membership committee report Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book membership committee report. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50570 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/9d2ff464e87de2784b3b5bb2f22feeb5.pdf ca5e918002fb98b513adb4b5b8977c44 PDF Text Text CMF Council of Michigan Fou ndations Serving grantmakers. Advancing giving. October 25, 2004 To: S. Martin Taylor Chair and Members of the Board of Trustees From: Ann K. Irish, Chair, Nominating Committee Rob Collier, President Re: New Trustees & Officers The Nominating Committee met by conference call on August 25 and September 30, for the purposes of recommending a slate of officers to the Board for 2005 and presenting Trustees for the Class of 2007 for election by the membership. I. Officers for 2004-05 The Nominating Committee is pleased to present the following slate of Officers for one-year appointments. We are grateful to them for their willingness to serve. RESOLVED that the following individuals be elected to the offices as specified for a oneyear term effective November 4, 2004. • • • • • • Chair, S. Martin Taylor, Vice President & Director, DTE Energy Foundation Vice Chair Community Foundations, Diana R. Sieger, President, Grand Rapids Community Foundation Vice Chair Private Foundations- Julie F. Cummings, Trustee, Max M. and Marjorie S. Fisher Foundation Secretary- Amanda Van Dusen, Principal, Miller Canfield, Paddock and Stone, P.L.C. Treasurer- Lloyd J. Yeo, President, Wickson-Link Memorial Foundation President- Robert S. Collier RESOLVED further, that the actions ofthe Committee on the Class of2007, as detailed below, be accepted. II. Class of 2007 The names of nine individuals have been presented to the membership for election to the Board for a three-year term ending in 2007. We are delighted the following five trustees have agreed to serve for an additional term: • • • • • Elizabeth A. Cherin, President & CEO, Fremont Area Community Foundation Olivia P. Maynard, President, Heron Oaks Foundation Betsy Upton Stover, Trustee, FrederickS. Upton Foundation S. Martin Taylor, Vice President & Director, DTE Energy Foundation Sandra E. Ulsh, President, Ford Motor Company Fund �Nominating Conunittee Report October 25, 2004 Page 2 After considering a number of qualified candidates, the Committee is grateful that the following four individuals accepted its invitation to stand for election as members of the Class of 2007: • • • • John Colina, President, Colina Foundation George F. Francis, III, President, Blue Cross Blue Shield of Michigan Foundation Wesley H. Maurer, Jr., Chair & Trustee, Mackinac Island Community Foundation Dan Wyant, Trustee, The Edward Lowe Foundation Brief bios on these four individuals as presented to the Membership on the Election ballot are attached. These new nominees replace term limited Trustees Bill Richardson, Ann Irish, Dave Campbell and the 2004 vacancy caused by Heath Meriwether's retirement from the Detroit Free Press. �Return via fax: 616.842.1760 by November 2, 2004 Annual Meeting of Members Notice and Board of Trustees Ballot October 4, 2004 In accordance with the bylaws of the Council of Michigan Foundations (CMF), notice is hereby given that the Annual Meeting of Members will be held on Thursday, November 4, 2004 at I :00 p.m. at the Hyatt Regency Hotel in Dearborn for the purposes of electing Trustees, reporting to the Members on the business of CMF, and such other business as may properly be brought before the meeting. CMF is governed by a Board of individuals who represent private, family, community, public and corporate foundations, in addition to corporate giving programs. The following nine individuals have been nominated by the Nominating Committee for election to the Board of Trustees for a three-year term beginning November 4, 2004. The undersigned hereby appoints Lloyd Yeo, Treasurer/Secretary of CMF, and President, Wickson-Link Memorial Foundation, as proxy ofthe undersigned, with power to appoint a substitute, and authorizes him to vote at the meeting on behalf of the undersigned as indicated below. The proxy will use his discretion as to any matters that may come before the meeting. Please vote and return your marked ballot by f ax to 616.842.1760 or 616.842.3010 or vote on-line at ltttp:/lwww.cmij:org/CM FMembers/def ault.asp, O ft or before Tuesday, N ovember 2, 2004. Ifyou need access information for the members only section of the CMF Website, please call or email Sue Cuddington at 616.842.7080 or scuddington@cm(forg. 0 Elect all the following nominees or D Elect only those nominees indicated below For Re-election to the Board Class of 2007 _ _ _ _ _ Elizabeth A. Cherin, President & CEO, Fremont Area Community Foundation, Fremont Olivia P. Maynard, President, Heron Oaks Foundation, Goodrich Betsy Upton Stover, Trustee, Frederick S. Upton Foundation, East Lansing S. Martin Taylor, Vice President & Director, DTE Energy Foundation, Detroit Sandra E. Ulsh, President, Ford Motor Company Fund, Dearborn New Nominees to the Board Class of 2007 (Bios are provided on the reverse side of this ballot.) _ _ _ John Colina, President, Colina Foundation, Southgate George F. Francis, III, President, Blue Cross Blue Shield of Michigan Foundation, Detroit Wesley H. Maurer, Jr., Chair & Trustee, Mackinac Island Community Foundation, St. Ignace Dan Wyant, Trustee, The Edward Lowe Foundation, Cassopolis CMF Member Organization Name and Title �New Nominees for the Board of Trustees John Colina President, Colina Foundation, Southgate Mr. Colina and his wife Nancy created the Colina Foundation in 1992 with proceeds from the sale of their business. The Foundation focuses on southern Wayne County and is dedicated to improving the lives of children ages zero to five and their parents and caregivers. His board and commission service includes: the Guidance Center, Grosse Ile Educational Foundation, the Ready To Succeed Partnership, Alma College, and the Michigan Task Force on Early Education and Care. John served as co-chair of CMF's 31" Annual Conference and is active on the Family Philanthropy Committee and Early Matters Task Force. George F. Francis, HI President, Blue Cross Blue Shield of Michigan Foundation, Detroit Mr. Francis is the senior vice president and chief administrative officer at Blue Cross Blue Shield of Michigan. He currently serves as the president of the Blue Cross Blue Shield of Michigan Foundation, trustee of the Community Foundation for Southeastern Michigan, area president of the Boy Scouts of America for Michigan and Indiana, the National Executive Board for Boy Scouts of America, the board of trustees of Olivet College, The Parade Company, The Detroit Zoological Society and The Henry Ford. Wesley H. Maurer, Jr. Trustee, Mackinac Island Community Foundation, St. Ignace Mr. Maurer is the publisher and ed itor of the St. Ignace News and the Mackinac Town Crier. He currently serves as chair and trustee of the Mackinac Island Community Foundation, as well as a trustee of the Michigan Press Foundation, the Michilimackinac Historical Society, and the Mackinac Arts Council. Wes was co-chair of the Host Committee for CMF's Annual Conference on Mackinac Island. Dan Wyant Trustee, The Edward Lowe Foundation, Cassopolis Mr. Wyant has served as director of the Michigan Department of Agriculture since October of 1996. He is a trustee of the Edward Lowe Foundation - an operating foundation with a focus on entrepreneurship. In addition, he serves on the boards of the Michigan FFA Foundation, and is past president of the MSU College of Agriculture & Natural Resources Alumni Board, and a former FF A State Officer. Current Board of Trustees by Class Class of 2005 Julie F. Cummings, Trustee David 0. Egner, President Russell L. Gabier, Secretaryrrrustee RichardT. Groos, Trustee Phillip H. Peters, Vice President- Admin. & Secretary/Treasurer Diana R. Sieger, Presid ent Gerald K. Smith, President/CEO Margaret E. Thompson, Trustee Lloyd J. Yeo, Pres ident Class of 2006 Robert S. Collier, President & CEO Herbert D. Doan, Chairman Rev. 1. Louis Felton, Trustee Dav id K. Page, Trustee Carol Goss, President & CEO David S. Sebastian, Trustee Elizabeth C. Sullivan, VP-Program & Admin. Amanda VanDusen, Senior Principal Max M. and Marjorie S. Fisher Foundation Hudson-Webber Foundation Irving S. Gilmore Foundation Barry Community Foundation Charles Stewart Mott Foundation De troit Detroit Kalamazoo Hastings Flint Grand Rapids Community Foundation Detroit Youth Foundation Harry A. & Margaret D. Towsley Foundation Wickson-Link Memorial Foundation Grand Rapids Detroit Midland Saginaw Council of Michigan Foundations Herbert H. & Grace A. Dow Foundation Kalamazoo Community Foundation Community Foundation for Southeastern Michigan & The Kresge Foundation The Skillman Foundation Sebastian Foundation The Kresge Foundation Miller, Canfield, Paddock and Stone, P.L.C. Grand Haven Midland Kalamazoo Detroit Detroit Grand Rapids Troy Detroit In addition, we are privileged to have Dr. Russell G. Mawby, Chair Emeritus of the W.K. Kellogg Foundation and Chairman of the CMF Advisory Cabinet, as an ex-officio member of the Board Trustees. � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Nominating-Committee-Report Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book nominating committee report Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book nominating committee report. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50571 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/1aff2201540ca5d0a2b8d542e15ba23c.pdf 42c3907ece3075d63866623c8fe5d086 PDF Text Text CMF Council of Michigan Foundations Serving grantmakers. Advancing giving. Date: September 20, 2004 Memo to: CMF Executive Committee From: David R. Lindberg, Vice President, Finance & Administration RE: Changes to P ersonnel Policies RESOLVED that Document Destruction, Code of Conduct and Whistle-Blower policies be added to the Personnel Policies of CMF. Background The Sarbanes-Oxley Act which was signed into law on July 30, 2002, was designed to add new governance standards for the corporate sector to rebuild public trust in publicly held companies. CMF established a separate audit committee several years ago and revised the duties of this committee in the fall of2003 to comply with audit committee portion of this act. Because CMF's Personnel policies are used as a model for the nonprofit sector, it is vital that the two standards in the act (document destruction and whistle-blower protection) be added. Document Destruction Policy CMF acknowledges its responsibility to preserve information relating to litigation, audits and investigations. The Sarbanes-Oxley Act of July 30, 2002, makes it a crime to alter, cover up falsify, or destroy any document to prevent its use in an official proceeding. Failure on the part of employees to follow this policy can result in possible civil and criminal sanctions against CMF and its employees and possible disciplinary action against responsible individuals (up to and including termination of employment). Each employee has an obligation to contact the Vice President of Finance & Administration of a potential or actual litigation, external audit, investigation or similar proceeding involving CMF that may have an impact as well on the approved records retention schedule. Whistle-Blower/Code of Conduct Policy In keeping with the policy of maintaining the highest standards of conduct and ethics CMF will investigate any suspected fraudulent or dishonest use or misuse ofCMF' s resources or property by staff, board members, consultants or volunteers. CMF is committed to maintaining the highest standards of conduct and ethical behavior and promotes a working environment that values respect, faimess and integrity. All staff, board members and volunteers shall act with honesty, integrity and openness in all their dealings as representatives for the organization. Failure to follow these standards will result in �disciplinary action including possible termination of employment, dismissal from one's board or volunteer duties and possible civil or criminal prosecution if warranted. Staff, board members, consultants and volunteers are encouraged to report suspected fraudulent or dishonest conduct (i.e. to act as "whistle-blower"), pursuant to the procedures set forth below. Reporting A person's concerns about possible fraudulent or dishonest use or misuse of resources or property should be reported to his or her supervisor or, if suspected by a volunteer, to the staff member supporting the volunteer's work If for any reason a person finds it difficult to report his or her concerns to a supervisor or staff member supporting the volunteer's work, the person may report the concerns directly to the Chair of the CMF Board of Trustees or Audit & Finance Committee, Vice President of F inance & Administration, Chief Operating Officer or the President. Alternately, to facilitate reporting of suspected v iolations where the reporter wishes to remain anonymous, a written statement may be submitted to one of the individuals listed above. Definitions Baseless Allegations: Allegations made with reckless disregard for their truth or falsity. People making such allegations may be subj ect to disciplinary action by CMF, and/or legal claims by individuals accused of such conduct. Fraudulent or Dishonest Conduct: A deliberate act or failure to act with the intention of obtaining an unauthorized benefit. Examples of such conduct include, but are not limited to: forgery or alteration of documents; unauthorized alteration or manipulation of computer files; fraudulent financial reporting; pursuit of a benefit or advantage in violation ofCMF's Conflict ofInterest Policy; misappropriation or misuse of CMF resources, such as funds, supplies, or other assets; authorizing or receiving compensation for goods not received or services not performed; and authorizing or receiving compensation for hours not worked Whistle-Blower: An employee, consultant or volunteer who infonns a supervisor, the Vice President of Finance & Administration, Chief Operating Officer, President or Chair of the Board of Tmstees or Audit & Finance Committee about an activity relating to CMF which that person believes to be fraudu lent or dishonest. 2 �Rights and Responsibilities Supervisors Supervisors are required to report suspected fraudulent or dishonest conduct to the Vice President of Finance & Administration, Chief Operating Officer or the President. Reasonable care should be taken in dealing with suspected misconduct to avoid: baseless allegations; premature notice to persons suspected of misconduct and/or disclosure of suspected misconduct to others not involved with the investigation; and violations of a person's rights under law Due to the important yet sensitive nature of the suspected violations, effective professional follow-up is critical. Supervisors, while appropriately concerned about "getting to the bottom" of such issues, should not in any circumstances perfonn any investigative or other follow up steps on their own. Accordingly, a supervisor who becomes aware of suspected misconduct: should not contact the person suspected to further investigate the matter or demand restitution. should not discuss the case with attorneys, the media or anyone other than the Vice President of Finance & Administration, Chief Operating Officer, President or Chair ofthe Board of Trustees or Audit & Finance Committee • should not report the case to an authorized law enforcement officer without first discussing the case with the Vice President of Finance & Administration, Chief Operating Officer, President or Chair of the Board of Trustees or Audit & Finance Committee. Investigation All relevant matters, including suspected but unproved matters, will be reviewed and analyzed, with documentation of the receipt, retention, investigation and treatment of the complaint. Appropriate corrective action will be taken, if necessary, and findings will be communicated back to the reporting person and his or her supervisor. Investigations may warrant investigation by an independent person such as auditors and/or attorneys. Whistle-Blower Protection CMF will protect whistle-blowers as defined below. CMF will use its best efforts to protect whistle-blowers against retaliation. Whistle-blowing complaints will be handled with sensitivity, discretion and confidentiality to the extent allowed by the circumstances and the law. Generally this means that whistle-blower complaints will only be shared with those who have a need to know so that CMF can conduct an effective investigation, determine w hat action to take based on the results of any such investigation, and 3 �in appropriate cases, with law enforcement personnel. (Should disciplinary or legal action be taken against a person or persons as a result of a whistle-blower complaint, such persons may also have right to know the identity of the whistleblower.) Employees, consultants and volunteers of CMF may not retaliate against a whistle-blower for infomling management about an activity which that person believes to be fraudulent or dishonest with the intent or effect of adversely affecting the tenns or conditions of the whistle-blower's employment, including but not linlited to, threats of physical harm, loss of job, punitive work assignments, or impact on salary or fees. Whistle-blowers who believe that they have been retaliated against may file a written complaint with the Vice President of Finance & Administration, Chief Operating Officer, President or Chair of the Board of Trustees or Audit & Finance Committee. Any complaint of retaliation will be promptly investigated and appropriate corrective measures taken if allegations of retaliation are substantiated. This protection from retaliation is not intended to prohibit supervisors from taking action, including disciplinary action, in the usual scope of their duties and based on valid performance-related factors. Whistle-blowers must be cautious to avoid baseless allegations (as described earlier in the definitions section of this policy). S:\Boards and Cmnmitees\CMF\Executive\2004\9.30.04 Conf.Call Materials\Personnel Policy Changes-a.doc 4 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Personnel-Policy Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book personnel policy Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book personnel policy. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50572 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/77d36ba75a3307051ca4b44580f96c18.pdf 41753eff0714308019aa8acdea223ba8 PDF Text Text CMF Council of M ichigan Foundations Serving grantmakers. Advancing giving. Date: September 24, 2004 Memo to: CMF Executive Committee From: Rob Collier, President David R. Lindberg, Vice President, Finance & Administration Vicki Rosenberg, Vice P resident & COO RE: Policy on Unemployment Compensation Accrual RESOLVED that CMF establish a policy of annually accruing for unemployment taxes at an appropriate rate established by management, to cover possible unemployment claims by terminated employees, with the Audit and Finance Committee providing final review and approval for this policy. Background: As a non-profit CMF has exercised the option of paying for unemployment claims on a pay as you go basis, meaning a bill is sent to CMF quarterly for any unemployment claims paid out during this period oftime. From a budgeting stand point funding claims in this manne r has not been an issue since they have generally averaged less than one per year. However, because several major projects will wind down in the next few years, it makes sense to start accruing for this potential liability while those projects still have funds to cover these potential costs. The potential accmal calculation based on 2003 payroll figures is: CMF Core Services CMF Special Projects Michigan AIDS Fund Total Annual Amount $4,500 3,500 1,200 $9,200 During our analysis of switching from a pay as claims arise policy three options have been examined. Option 1: 501 Alliance The 501 Alliance is a non-profit organization that collects unemployment taxes from nonprofits and makes payments directly to the State of Michigan when claims are paid on behalf of the non-profit. Rate starts out at 2.25% • This money is kept in a reserve to pay claims through the 50 1 Alliance. • The rate can rise if CMF's reserve becomes negative. • The entire 2.25% is placed in the reserve. The 501 Alliance charges no administrative fee. They make their money off the investment of these funds. �Option 2: State of Michigan • Rate starts out at 2.7% • After 5 years the rate may change based on actual claims. • After 5 years the State keeps 1% of the 2.7% (or higher) rate that we pay. In this case only 1.7% would be credited to our reserve. Option 3: Set up an annual accrual on CMF's books • Reserve, by booking an annual accrual, the amount CMF would pay either the 501 Alliance or the State of Michigan on our books to cover claims. • Unused money stays with CMF. • CMF's earns the interest on these funds. • The annual accrual could be reduced if the reserve becomes too large. We talked with representatives of two accounting fmns about whether they would allow this accrual to stay on the books or propose an audit adjust, since they may not consider this an actual liability until a claim is filed. Rehmann Robson - CMF's Current Auditor They stated that many of their non-profit clients set up an accrual on their books in this mmmer, and therefore they would not propose that the accrual be taken off the books. Yeo & Yeo - CMF's Audit Committee Chair's Fim1 They would propose the accrual be removed from the books each year, but since the amount most likely would be immaterial to the overall financial statement presentation, they would pass on this adjustment. S:\Boards and Commitees\CMF\Executive\2004\9.30.04 Conf. Call Materials\ Unemployment Taxes.doc 2 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Policy-on-Unemployment Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book policy on unemployment Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book policy on unemployment. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50573 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/46e388effe61519c9600a2b77ede7086.pdf 0ada14f665ed18e31a0053a47e2adccd PDF Text Text CMF Council of Michigan Founaations Serving grantmakers. Advancing giving. October 25, 2004 To: Martin Taylor, Chair, and Members of the Board of Trustees From: Rob Collier Re: President's Report It has been a busy summer since we met in Battle Creek. Please let me know if you need additional infommtion on any ofthe items highlighted below. In this report I have added a number of the technical assistance one-on-one meetings I have held in order to provide you with an idea of my work in the field. This list does not include the many meetings offered by Dave, Vicki and program directors as well. Board and Staff Notes Enclosed in the back pocket of the Board notebook is a copy of an October 4 article on Russ Mawby from the Battle Creek Enquirer written by Jim Richmond. It is a great piece about our special colleague! Susan Howbert in the Detroit office and all of us in Grand Haven are delighted to welcome two new part-time staff: Beverly Spriggs has joined us as Program Associate in the Detroit office. In a special job sharing arrangement, Beverly works three days for CMF and two days for Brenda Price, Michigan' s Knight Foundation representative. Beverly most recently worked or Jim Kelley at the National Board for Professional Teaching Standards. Tammie Ten Broeke has joined us in the Grand Haven office as part-time payroll/benefits administrator. Tammie most recently worked for Sara Lee Foods. Conferences June 11 & August 23 -Land Use Funders Group - Fremont & Traverse City The Land Use Funders Group met twice during the summer with plans for their annual Convening with grantees on December 9 a major part of the agenda. June 25-27- Youth Grantmakers Leadership Conference- Mt. Pleasant More than 140 youth grantmakers from Michigan and four other states and South Korea met for the annual leadership training activity at Central Michigan University. The theme for the Conference was "Philanthropy: Building Communities, Enriching Lives." September 8, 9 - Bav Citv Community Foundation - Bay City More than 250 community leaders joined Ranny Riecker, President of the Herbert H. and Grace A. Dow Foundation, and I for a community celebration highlighting the growth of this community foundation and the benefits of regional collaboration. �President's Report October 25, 2004 Page 2 September 14 - Detroit Area Grantmakers Fifty grantmakers from southeastern Michigan gathered to learn about improving high school graduation rates at the opening 2004-2005 luncheon meeting of Detroit Area Grantmakers. Doug Ross, Principal, University Preparatory Academy in Detroit, and Debbie Schum, Principal, East St. John High School in Reserve, Louisiana, discussed how their schools are promoting high academic performance. The meeting was moderated by David Fukuzawa, The Kresge Foundation. September 14- Saginaw Community Foundation- Saginaw I spoke to more than 300 community leaders recognizing Community Foundation President Lucy Allen for her 20 years of service. September 30- Merrill Lynch/Grand Rapid!s Community Foundation - Grand Rapids I spoke to 25 donors and potential donors to the Grand Rapids Community Foundation featuring the special Merrill Lynch Community Charitable Fund partnership October 12 - Detroit Area Grantmakers More than 65 grantmakers from southeastern Michigan heard an important presentation on how the arts can survive without public funding featuring the leadership of three of Detroit's most prominent cultural institutions: Graham Beal, Detroit Institute of Arts, Christy Coleman, Charles H. Wright Museum of African American History, and Anne Parsons, Detroit Symphony Orchestra. The meeting was planned hy .Jodee Fishman Raines, The Jewish Fund, and Leonard Smith, Ethel and James Flinn Foundation. October 21 - St. Joseph I spoke to a meeting of 80 nonprofit leaders convened by three CMF Members: Berrien Community Foundation, FrederickS. Upton Foundation and Whirlpool Foundation, on accountability issues facing the sector. October 23-29- YAC Regional Trainings - statewide More than 250 YAC members and adult advisors will be participating in six regional half day trainings presented by Program Associate Kari Pardoe. November 3- Special Pre-Conference Workshop for Corporate Grantmakers Thanks to generous support from the General Motors Foundation, a special, preconference seminar for corporate giving professionals "Leveraging Corporate Philanthropy with Marketing Dollars," presented by Lesa Ukman, co-founder and president ofiEG, will focus on trends reshaping the future of corporate social marketing and best ways to communicate philanthropic initiatives to all stakeholders, maximize internal resources and justify benefits of philanthropic marketing to senior management. December 9- Annual Land Use Funders Convening- Lansing More than 120 funders and grantees are expected for the fifth Convening, being coordinated with the second annual Cool Cities Conference coordinated by the Michigan Association of Community Arts Agencies. �President's Report October 25, 2004 Page 3 December 14 - Detroit Area Grantmakers Grantmakers will be meeting for a briefing on "New Strategies for the United Way." On Site Meetings June 14, & October 29 - Roscommon County Community Foundation, Roscommon With the Board to discuss standards, recognize retiring Board Chair John Wade and presented to a group of 17 financial advisors. June 18 - Comerica Charitable Foundation With the Executive Director to discuss strategic planning. June 24 - Bangor Fund of Kalamazoo Community Foundation - Holland With the Executive Committee to discuss growth strategies. June 28 - Community Foundation of Delta County- Escanaba With the Board to discuss standards and celebrate major gift. July 12 - Schalon Foundation - St. Joseph With the founder to discuss family carousel project. July 1'i - B lue Cross Blue Shield Foundation of Michigan- Detroit With both the President and CEO to discuss strategies for expanding existing foundation to meet broader community needs. July 21 - Rotary Charities of Traverse City- Grand Rapids With CEO and representatives of Northwestern Michigan College to discuss strategies for a new nonprofit capacity building initiative. August 5 - Rochester Area Community Fow1dation - Rochester With Board Chair and President and local hospital CEO to discuss strategies for partnering. August 6- Shiawassee Community Foundation- Owosso With a Board Committee to discuss strategies for creation of a new Scholarship Fund. August 10 - Acheson Foundation visit to Grand Haven New member representative Donna Niester spent the day meeting with staff and myself in Grand Haven. August 12 - Tum Two Foundation - Kalamazoo With the President Dr. Jeter to discuss youth philanthropy. �President's Report October 25, 2004 Page 4 August 19- Chippewa County Cotmnunity Foundation & Les Cheneaux Community Foundation, Mackinac Island Community Foundation & St. Ignace Community Foundation With the Boards of the first two community foundations and individual meetings with leaders of the other two Community Foundations. September 15- Kalamazoo Jaycees- Kalamazoo With the Executive Committee on creating a Donor Advised Fund at the Kalamazoo Conmmnity Foundation. Information Services Over the past six months, page views at www.cmif.org have increased by 50%. Most of the new activity can be attributed to the introduction of the CMF N ews Wire e-mail news service for members, as well as the Annual Conference web, fax and e-mail promotions. Member Community Foundations continue to be the most frequent users of the Member only section of the site, followed in order of frequency of access by Family, Independent and Corporate givers. A new web-based collaboration site was introduced for the Fetzer "Heart of the Philanthropist" participants. The password protected shared web work space allows attendees to collaborate on documents, post reading lists, share photos, comments and add items for discussion Communications In addition to the weekly e-articles produced by Michae l Gallagher, we have published: Annual Report 2003-2004 The Family Philanthropist, Fall 2004 Memo to Members, September 2004 In October 2004, staff conducted an on-line survey to get members' feedback on the format, content, frequency and distribution of current print and electronic communications vehicles. Surveys were completed by 133 members, 43% of whom are affiliated with community foundations, 24% with independent foundations; 18% with family foundations; 7% w ith corporate foundations; and 9% with public charities or others. A few highlights of results are that: • 73% rate content of print newsletters as excellent or good; • 87% rate the overall quality and content of the CMF website as "excellent or good", up from 78% who responded to the Winter 2004 Member Survey; • 92% read the monthly E-News always or sometimes. Recmmnendations for improvements to CMF communications will be presented to the Board as part of the FYOS budget proposal. Those recommendations will be based on findings from the survey and member focus groups to be conducted this fall. �President's Report October 25, 2004 Page 5 Partnerships June 15 - Grand Victoria Foundation- Chicago Spoke to the meeting providing technical assistance to 18 new/emerging community foundations in Illinois being supported by the Grand Victoria Foundation. July 1, 2 & July 27-30 - Forum of Regional Associations ofGrantmakers - Boston & St. Louis I have been appointed to the Board of the Forum as Vice-Chair and with Dave's assistance on the Finance Committee, Vicki's leadership of the Education Committee and Gail's participation in the Knowledge Management Task Force, CMF is providing leadership to the Forum as it goes through a change in president andre-branding of the role of this national networking organization. September 18-20 - WINGS- Washington Served as faculty for a Peer Learning Seminar on Governance with association leaders from II countries. September 20-22 The GVSU Grantmaking School - Battle Creek With Vicki Rosenberg's leadership assisted Distinguished Professor Joel Orosz in promoting the first program of the new Grantmaking School, being sponsored by the Johnson Center at Grand Valley State University. September 23 - Nonprofit Day - Lansing Assisted the Michigan Nonprofit Association in production for this annual half day conference for grantmakers and grantseekers featuring Diana Aviv, president of Independent Sector. September 28, 29 - Parent Institute Briefings - Novi and Grand Rapids With Julie Ford's assistance, partnered with the Michigan Foundation for Educational Leadership to offer briefings on a Kentucky Parent Leadership Initiative to 25 grantmakers. October 9-12 - COF Community Foundations Annual Conference- Minneapolis Dave Lindberg, Donnell Mersereau and Rob Collier attended and were involved in the design and/or presentation of 6 sessions. Topics included: Regional Marketing, R&D Incubator, Regional Alliances, International Community Foundation Networks, National Standards for US Community Foundations and Alternative Investment Policies. October 25-29 - Transatlantic Community Foundation Network (TCFN) - Dublin, Ireland and Belfast, Northern Ireland and WINGS Coordinating Committee -Brussels Donnell Mersereau attended the Visibility Working Group meeting that is creating marketing and communication materials for 12 countries based on common message points and communication tools from the NMAT marketing portfolio. WINGS is a worldwide network of grantmaker support organizations. Ms. Mersereau is Chair, WINGS-CF Advisory Committee, a constih1ent group of the WINGS network. �President's Report October 25, 2004 Page 6 October 28 - Investment vs. Intention - Grand Rapids Assisted Good Samaritan Ministries and the Acton Institute with this half day conference for 100 grantmakers and nonprofit leaders exploring faith-based partnerships. November 9 - National Philanthropy Day - Grand Rapids Assisted the Association of Fundraising Professionals, West Michigan Chapter in this annual event which will recognize two members: Molly Parker of the Grand Rapids Community Foundation and the Community Foundation of the Holland/Zeeland A rea. December 2004 -Community Foundations: Symposium on a Global Movement- Berlin Ms. Mersereau will present at the Symposium -the first time academicians and practitioners will meet in a global arena to discuss issues of importance to community philanthropy development. Partnership with Ohio Grantmakers Forum and Indiana Grantmakers Alliance In 2005 CMF will partner to provide joint technical assistance for the Confirmation of Compliance process recently released supporting National Standards for US Community Foundations. Representatives from community foundations in the three states will participate in conference calls designed to assist community foundations with gathering sample documents ami resources for the compliance process. Finally, I have also included in the back pocket a copy of Bill White' Annual Message that references the work of CMF. We appreciate his support and recognition of our efforts. � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Presidents-Report Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book presidents report Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book presidents report. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50574 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/7dd88525349012d0f5501976fc0099c2.pdf bcf0e59984e43850b77bc8e1b58185f2 PDF Text Text CMF Council of M ichiga n Foundations Serving grantmakers. Advancing giving. Board of Trustees Meeting Minutes Thursday, June 10, 2004 W.K. Kellogg Foundation The Meeting of the Board of Trustees of the Council of Michigan Foundations (CMF) was held at the W .K. Kellogg Foundation in Battle Creek on Thursday, June I 0, 2004 pursuant to written notice duly given. The meeting was called to order at 8:30a.m. by S. Martin Taylor, C hair and self-introductions were made. Trustees and Officers present in addition to Mr. Taylor: David Campbell Robert S. Collier Julie F. Cumm ings (via phone) Herbert D. Doan David 0 . Egner Rev. J. Louis Felton Russell L. Gabier Richard T. Groos Ann K. lrish Russell G . Mawby David K. Page David S. Sebastian William C. Richardson Diana R. Sieger Gerald K. Smith Margaret (Peggy) E. Thompson Sandra E. Ulsh Amanda Van Dusen Betsy Upton Stover Lloyd J. Yeo CMF Staff: Vicki Rosenberg, Vice P resident & COO David L indberg, V ice President, Finance & Administration Kathryn Agard, Executive Director, Learning to Give Jeri Fischer, Director, Membership & Special Projects Brian Flahaven, Public Policy Fellow Mike Gallagher, Managing Editor Kathy Ginocchio, Webmaster Donnell Mersereau, Director, Community Foundations Eric Muschler, Michigan IDA Partnership Susan Cuddington, Executive Assistant to the President Approval of Minutes T he minutes of the March 2, 2004 Board of Trustees Meeting and the July 18, 2003 Executive Committee were presented for approval. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the minutes ofthe Board of Trustees Meeting of March 2, 2004 and the minutes of the July 18, 2003 Executive Committee Meeting be approved as presented. �Board ofTntstees Meeting Minutes - June I0, 2004 Page 2 Treasurer's Report Treasurer Lloyd Yeo presented the March 31 , 2004 and 2003 Audit Report. He congratulated the staff and noted CMF received an unqualified opinion from Rehmann Robson. Dave Lindberg, Vice President for Finance and Administration, reviewed the details of the Audit Report noting the fluctuation on the Combined Statement of Activity report was due to special projects such as the Tobacco Settlement Partnership and Michigan IDA Partnership (Individual Development Accounts). Upon motion duly made, supported and unanimously approved, it was RESOLVED that the Rehmann Robson Ma rch 31, 2004 & 2003 audit report, as recommended by the CMF Audit & Finance Committee, be accepted. Mr. Lindberg also reviewed the Core Operations and the Consolidated Statement of Activities reports for 4/ 1/03 to 3/31/04. Upon motion duly made, supported, and unanimously approved, it was RESOLVED that the CMF Core Operations and Endowment Funds Statement of Activity for March 31, 2004, as recommended by the CMF Audit & Finance Committee, be accepted. Investment Committee Ted Doa n presented the Investment Report for the period ending March 1 1, 2004. Dave Lindberg reviewed the distribution plan ofKYIP funds designated for the Detroit Youth Foundation, Supporting Organization of Calhoun County and the Marquette-Alger Youth Foundation. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the March 31,2004 Investment Report, as reviewed by the Investment Committee be accepted. Membership Membership Committee Co-chair Betsy Upton Stover presented four foundations for membership approval. Rob Collier noted that since June 2, the Allen Fund has rejoined after an 8-year break from membership. He also reviewed the sample membership renewal letter as well as the accomplishments summaries for each constituency group. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the following four foundations be accepted for membership. �Board ofTntstees Meeting Minutes - June I0, 2004 Page 3 James C. Acheson Foundation, Port Huron Donna M Niester, Vice President Kaufman Foundation, Muskegon (rejoin) Sylvia C. Kmifman, Trustee Nartel Family Foundation, Grand Blanc (rejoin) Evelyn Nartelski, President Smith Barney Citigroup, Southfield J Lawrence Lipton, Vice President/Financial Planning Specialist Government Relations Dave Campbell presented the Government Relations report on behalf of Co-Chair Libby Maynard. Trustee Campbell introduced the Revised Payout Study recently completed by Cambridge Associates. Dave Lindberg reviewed the update which reaffinns the original study's conclusions that past levels of returns do not support a payout rate above 5%. CMF is not publicizing this update but holding it for possible use in Senate Finance Hearings expected this summer. Rob Collier discussed the recent announcement from the Senate Finance Committee on Finance that the first hearing on charitable giving will be held June 22. The hearings will consider governance and best practices of charities; charities accommodating tax shelters; donor gifts of tangible and intangible property; and current problems and issues in the charitable community. Trustee Richardson noted Dean Zerbe, Chief Investigative Counsel of the Finance Conm1ittee, is writing a white paper which is where the payout study may come into play. The paper may include proposals such as "no disqualified person should receive any compensation whatsoever", travel could be restricted to the Government reimbursement rate, and trustee compensation could be limited to what the Federal Commission pays its members. Trustee Richardson is a member of the Foundation Executive Group that is trying to develop a template for foundation standards and promote the national standards on the Council on Foundations website in an effort to let the Senate Finance Committee know that foundations have reforms in place. Rob Collier highlighted the tentative arrangements for the three panels. The first panel will focus on enforcement with invitees including the IRS Commissioner. For the second panel known as "Trouble in River City", Senator Grassley has invited three presenters to showcase abuses in the nonprofit sector, most likely one will deal with the donation of used cars for charitable purposes. The third panel will focus on foundation and nonprofit governance. Invitees include Diana Aviv of Independent Sector, and Rick Cohen of the National Committee for Responsive Philanthropy. Collier recapped CMF's proactive steps including adopting the Guiding Principles, the Education Compliance Policy as well as CMF's involvement in the Attorney General's Nonprofit Advisory Council. He noted New York's Deputy Attorney General recently commented this may be a national model. �Board ofTntstees Meeting Minutes - June I0, 2004 Page 4 Dave Campbell reported both the House and Senate Versions ofthe CARE Act appear to be dead for this session. He presented Michigan Nonprofit Association's (MNA) proposed response to the state budget crisis that more than 80 state nonprofit associations have signed on to. After discussion, it was suggested that CMF not support the proposed statement drafted by MNA but ask the Government Relations Committee to prepare a statement specific to CMF. Dave Campbell presented a revision to CMF's best practices for private foundations. In the past, CMF has recommended that small private foundations under $10 million in assets have an independent audit perfonned at least every three years, with a review in the off years. Based on the five percent payout requirement of private foundations, this Best Practice recommendation should be lowered to $5 million. It seems fair that private foundations model what is required of public charities, and that we not wait for it to be legislated -which will likely happen at some point in the future. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the Board adopt the following Best Practice recommendation: That a private foundation with five million in assets should conduct an annual independent audit. Public Policy Coll ier a nd COO Vicki Rosenberg acknowledged CMF's first Philanthropy Fe llow, Rrian Flahaven, who will be leaving CMF the end of the month. The Board congratulated Brian on expanding CMF's public policy work as well as the website which has created a standard in the Public Policy field. Brian's successor, Julie Lynne Ford, was introduced the prior evening at the Board/Staff dinner and will join the CMF team the end of June. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the Board of Trustees ofthe Council of Michigan Foundations extends our appreciation to Brian Flahaven for your many contributions to CMF, our Public Policy Committee and the promotion of a strong nonprofit sector in Michigan through service as the first Public Policy Fellow for CMF, and we wish you continued success in your career endeavors of service and leadership. Ms. Rosenberg briefed Board Members on the April 22 Early Matters Forum, a partnership of the Public Policy Committee, Office of the Foundation Liaison, and the Family Foundations Ready by Five Study Group. The goals were to: (a) build awareness/knowledge among public and private sector stakeholders; (b) bring new voices/visions to the discussion and (c) encourage community-based action, new publicprivate partnerships, and systems change. Over 60 foundation representatives, 25 state department staff(FIA, DCA, DOE, etc.), 15 service providers, and staff from the Republican and Democratic policy offices participated in the Forum. �Board ofTntstees Meeting Minutes - June I0, 2004 Page 5 Vicki announced the launching of the legislative E-Bulletin to inform state policy makers about public policy issues from a foundation sector's perspective, and increase their awareness about the work of Michigan grantmakers. Principles and Practices Task Force Task Force Chair Dave Egner reported on Phase II of the Principles and Practices Task Force. The Phase II charge was to develop a policy to answer "what does a regional association of grantmakers do if they hear of allegations of institutional misconduct deftned as actions that may be illegal, involve self-dealing or excess compensation and/or be viewed as unethical if not illegal." Advisory Cabinet Chair Russ Mawby, noting his experience through the Council on Foundations, cautioned the Board to step back when the government gets involved. The Board concluded that, if there is already an investigation by a government entity in progress, CMF will not get involved. If CMF is investigating and the government gets involved, CMF will cease their investigation. In presenting this policy, the Task Force recognized that CMF has no legal authority or jurisdiction to take such actions, but is acting in the best interests of the field of organized philanthropy in Michigan. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the following policy be adopted to deal with allegations of inappropriate institutional conduct by a Michigan foundation, regardless of whether the foundation is a member of the Council of Michigan F oundations. Policy "A confidential inquiry may be initiated by the president in response to allegations of inappropriate institutional conduct (such as conflict of interest, self-dealing, excess compensation) that may come to CMF' s attention through media coverage, personal communications to members of CMF's board or staff, and referral from the attorney general's staff. If there is already an investigation by a government entity in progress, CMF will not get involved. If CMF is investigating and the government gets involved, CMF will cease its investigation If the results of this inquiry warrant further action, the president will select a panel of up to five experienced grantmakers from a list already approved by the Board of Trustees, to examine the allegation of inappropriate conduct. The panel will then consider courses of action that CMF might take and recommend appropriate action to the president and board. The panel may recommend: (1) no action or contact with the foundation- member or nonmember or (2) contact with the CEO and or Chair of the foundation in person and/or in writing to review the allegation, investigate the facts, and obtain commitment to or evidence of corrective action. Depending on the level of response, this contact may be expanded to the whole board of the foundation. The response(s) will be shared by the president of CMF with the panel members. �Board ofTntstees Meeting Minutes - June I0, 2004 Page 6 The panel would report to the board on such referrals and recommend a probationary period or revoking membership if it is deemed appropriate. Any decision by the board shall be communicated in writing to the foundation. The foundation will be offered an opportunity to submit a written response and to make a direct presentation to the board. In approving any actions, the board shall decide whether any of its actions or communications will be made public. Any public statement would be made only after careful consideration of the facts and review with legal counsel. If corrective action is not forthcoming in ninety days, the president will under appropriate circumstances refer the foundation to the Charitable Trust Office of the Attorney General. The foundation in question will be given a copy of the correspondence outlining the allegations and efforts to secure a satisfactory response." Trustee Egner introduced a policy to address intermediate sanctions, recommended by the Task Force due to the cases of excess compensation by Michigan foundations being brought to CMF' s attention. CMF staff can use this policy as an educational tool to help both members and nonmembers in responding to the question, what is reasonable compensation for trustees and/or staff? After discussion the Board approved the following policy amending step one by deleting the word "disinterested." Upon motion duly made, supported and unanimously approved, it was RESOLVED further that the three steps outlined in the intermediate sanctions rules that apply to public charities be adopted and recommended for use to private foundations when considering issues related to compensation. In the context of intermediate sanctions, when a charity (or its governing board) approves a level of compensation, the law will presume that it is reasonable so long as certain steps are taken. Under the regulations implementing the intermediate sanction rules, three conditions must be satisfied to take advantage of the rebuttable presumption: 1. Approval by a governing board. The compensation arrangement must be approved in advance (before any payment) by the governing body of the organization, which is composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement. 2. Reliance on comparable data. Prior to making its determination, the governing body must obtain and rely upon data regarding comparability of compensation. 3. Concurrent documentation. The governing body must adequately document by an entry in the minutes of the appropriate meeting the basis for its determination concurrently with making that determination (within 60 days of the decision or the date of the next meeting of the governing body, whichever is later). �Board ofTntstees Meeting Minutes - June I0, 2004 Page 7 Communications Plan Using a PowerPoint presentation, (copy attached to these minutes) Vicki Rosenberg, Mike Gallagher and Kathy Ginocchio reviewed the Communications Plan. Highlights include: • Target audience - every staff member now receives the E-news instead of just the main contact of the organization. • Data gathering - Mike Gallagher has talked to over 400 grantmakers (both members and nonmembers) over the past year, • Timeliness - directing members to the website for the most current information • New graphic & identity branding - all CMF publications have similar templates • Newswire service - need to make members aware that the information is timely • Web trends - the Newsroom articles have increased the Newsroom usage by 400% 32"d Annual Conference Update Co-chairs Russ Gabier and Sandy Ulsh updated Trustees on developments for the November 3-5 Conference in Dearborn. The Program Committee met May 27 at the Dearborn Hyatt. Confirmed speakers include: Dr. Mary Sue Coleman, President of the University of Michigan, Hodding Carter Jr., President & CEO of the JohnS. and James L Knight Foundation. Resource Central has been redesigned per last year's evaluation forms, while site visits and breakfast roundtables are being confirmed. Registration brochures will be available in August. Family Philanthropy Report Committee Chair Julie Cummings reported the Family Foundation Retreat in Midland was well attended. Trustee Thompson commented on the youth grantrnaking and service learning project at the family shelter. Learning to Give Report Committee Chair Russ Mawby presented the Learning to Give Report. The progress in Michigan has been substantial, and the partnerships with the Center on Philanthropy at Indiana University and the Dorothy A. Johnson Center at Grand Valley State University are well underway. Kathy Agard reviewed some of the new lesson plans available. Community Foundation Update Community Foundations Committee Chair Diana Sieger, briefed the Board on the recent Tri-state meeting involving herself, Libby Cherin, Cheryl Elliott, Rob Collier and Donnell Mersereau as well as Indiana and Ohio Foundation CEO's to collaborate together in marketing. Chair Sieger introduced Danielle Williams, CMF' s Mawby intern, who highlighted the MCFYP Longitudinal Study, a 10-year study that gives a fu ll understanding of the value of engaging youth in philanthropy. �Board ofTntstees Meeting Minutes - June I0, 2004 Page 8 Donnell Mersereau, Director, Community Foundations, presented an overview and displayed the ads for the Communities of Color initiative. In addition, Ms. Mersereau announced that CMF, in partnership with Blue Print Research & Design, Public Policy Associates and the Williams Group, has received one ofthree national research grants from the Aspen Institute's Nonprofit Research Fund to look at the economic benefits of small community foundations forming regional partnerships. The $85,000 grant has been complimented by a $50,000 grant from the C.S. Mort Foundation. Michigan IDA Partnership Update Eric Muschler, Director, updated the Board on the latest activities of the Partnership. Five Regional Coordinating Organizations are supervising 50 plus program sites with over 1200 active IDA accounts. Total asset purchases now exceed 200 with more than $10 million in new mortgages generated. Mr. Muschler also reviewed the Year 3 Evaluation Report which is available on the cmif.org website. The evaluation surveyed 50 families that completed the program and 50 families that did not complete the program. Results show the overall credit scores improved for both. He also reported that one of the Regional Coordinating Organizations has received a national pilot grant from the federal government for the SEED Initiative, a national policy initiative of matched Education accounts for 3 & 4 year olds. Adjournment The next regularly scheduled meeting of the Board of Trustees will take place Wednesday, November 1, 2004 at the Hyatt in Dearborn at the :nnd Annual Conference. There being no further business to come before the Board, Chair Taylor adjourned the meeting at 12:15 p.m. S. Martin Taylor, Chair Robert S. Collier, President 1:\Scuddington\Board ofTrustees\Minutes 2004\DraftMinutes.June lO.doc � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Previous-Board-Minutes Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book previous board minutes Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book previous board minutes. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50575 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/9b2e5835af8b00a85cd0676e7d88216b.pdf 8153d60c0e26149f4fd3487bd7898088 PDF Text Text October 25, 2004 Memo to: S. Martin Taylor, Chair, and Members of the Board of Trustees From: Dave Egner, Susan Broman and Karla Hall, Co-Chairs Public Policy Committee, Vicki Rosenberg, COO and Julie Ford, Public Policy Fellow Re: Public Policy Committee Report Since the June 2004 report to the Board, the CMF Public Policy Committee has met, hosted educational events and published its first report, "Early Childhood Funding in Michigan: Findings from a 2004 Survey ofFoundations." Highlights of activities from June through October, 2004 follow: • Met in fall 2004 to review 2001-2004 accomplishments (Attachment One) and ideas for strengthening its role and impact. A plan for 2005-2007 is in process. • Co-hosted funder briefmgs in Novi and Grand Rapids for 40 foundations with the Michigan Foundation for Education Leadership (MFEL) about regional parent leadership institutes MFEL plans to establish to support school improvement. Under the leadership of the Early Matters Sub-Committee: o Completed a statewide survey of early childhood funders funded by the W.K. Kellogg Foundation and reported in "Early Childhood Funding in Michigan: Findings from a 2004 Survey ofFoundations. " This week, an announcement postcard will be mailed to 500 members and non-member foundations with an interest in children and youth. Hard copies of the fu ll report will be mailed to all CMF members and non-members that responded to the survey. It will also be available for free on www.cmif.org. o Is sponsoring an atmual conference session on early childhood and an invitational breakfast with session speakers. • Supports a community foundations project on fathers with staffing by Public Policy Fellow Julie Ford. With assistance from the Office of the Foundation Liaison, the project will sponsor a speaker at a spring Friends of the Court meeting and co-host an educational event in Lansing for state policy makers, and funders. The project is funded by a $15,000 grant from the Coalition of Community Foundations for Youth. This month, project leaders and Julie Ford will travel to Tampa to attend a peer learning institute where successful models for addressing fatherhood issues will be shared. • Educated members about the Committee's six focus issues via: (1) expanding the public policy area ofwww.cmif.org to include mission statements and links to nonprofits that regularly produce new resources about the six issues and to pending state-level legislation; (2) publishing 12 articles in CMF newsletters and on the weekly News Wire; and (3) �providing links to 19 new reports in E-News. See Attachment Three for a complete list of articles and reports. • Completed the Public Policy Handbook manl.lscript which is currently being designed and is slated for release by year end. A promotional handout will be distributed at the Annual Conference. • Designed 12 sessions for the 32"d Annual Conference including a mock board meeting highlighting commonly held attitudes among foundatiaon trustees on funding advocacy with Alliance for Justice President, Nan Aron and Committee chairs Susan Broman, David Egner and Karla Hall. See Attachment Two for a full listing of public policy related sessions. • Will host its first site visit in May 2005 to Jackson for grantmakers to learn about how the arts can stimulate economic development. The group will visit the Armory Arts Project and various sites around the city hosted by former CMF Trustee Neeta Delaney, head of the Armory and a loaned executive to Governor Granholm on arts and economic development. • Will continue its Briefing Series with events currently being developed for winter 2004/2005. �ATTACHMENT ONE Historical Review of CMF Public Policy C ommittee: 2001-2004 Overview In 2001, CMF established its Public Policy Committee with 20 members. Significant accomplishments are as follows: Y ear One Establish Roles & Responsibilities Select focus issues Define goals, objectives and strategies Host first education event - Briefing on State Budget Deficit with CRC Introduce Public Policy Track at CMF Annual Conference - Mackinac Island Year T wo Host Briefing with State Superintendent oflnstruction, the first in an on-going series Introduce Public Policy Fellowship with grant from W.K. Kellogg Foundation Welcome Karen Aldridge-Eason as first Foundation Liaison in Executive Branch • Begin Early Matters initiative in partnership with Liaison and Family Foundations' Ready by Five Study Group • Added public policy to CMF Institute for New Grantmakers Year Three • Receive contract from Kellogg Foundation to conduct survey on early childhood funding • Launch public policy area of www.cmif.org Year two of Fellowship Two of these events have had a significant impact on the Comm ittee's work and direction: Fellowship faci litated a significant acceleration and expansion of activity and enabled the Committee to engage in intensive activity evident in early childhood. Liaison which increased access to state officials, provided important new partner, and introduced new pressure to align Committee's work with Liaisons (from Governor). Committee History: Roles & Responsibilities ln November 2001, the Committee drafted a set of Roles & Responsibilities. During the next two meetings, the Committee made revisions to the document and agreed to the final document in May 2002. l n sum, the Committee defined its role as educator and relationship builder. Roles & Responsibilities (5/02) On behalf of CMF's diverse grantrnaking membership, the Public Policy Committee seeks to: I. Inform CMF members about the potential of their individual and collective role in the public policy process and engage them in that process. 2. Facilitate dialogues between CMF members and policy makers. 3. Monitor and inform CMF members about state and local policies that may affect their foundations or the nonprofit sector. 4. Make recommendations to CMF's Board of Trustees regarding opportunities for CMF partnerships with state agencies for which CMF would serve as an intermediary. Recommendations will be made by the Committee co-chairs based on input obtained from the full Committee and from CMF members obtained via an on-l ine survey. �5. Advise CMF about positions it might take on particular public policy issues. CMF w ill refer those issues the Committee believes may have a direct impact on philanthropy to its Government Relations Committee. The Committee will make recommendations to the CMF Board of Trustees on issues that it believes will not have a direct impact on philanthropy. Examples of Possible Committee Actions In carrying out its roles and responsibilities, the Committee may advise CMF to act in a variety of ways and assist CMF in doing so. Some examples include: • Sponsoring educational opportunities for members and nonmember grantmakers to improve understanding about affecting the public policy process. • Highlighting grantmaking, educational and other efforts of members and nonmember grant makers that affect public policy areas via articles in CMF newsletters and on www.cmif.org • Convening infonnational sessions for members and nonmember grantmakers on the role private funding can play on public issues. Such sessions would present a balanced view of the pros and cons of funding on such matters. • Initiate discussions and meetings w ith representatives of the Executive branch as warranted on issues such as devolution, and foster care. • Produce a guide for policymakers and the media on grant makers and their levels of expertise in various areas such as the arts, community development and housing, education, health, youth and families, jobs and economic development, natural resources and recreation, and strengthening the nonprofit sector. Questions: Should the Committee revise its May 2002 Roles & Responsibilities based on: (1) experiences to date, including leadership on Early Matters; and (2) relationship with the Foundation Liaison. If so, what should those changes be? Is the Committee successfully carrying out its charge? In which areas is it succeed ing and in which is it not? In those where it is not, what might it do differently? Committee History: Focus Issues At its January 2002 meeting, the Committee agreed to focus its work on five issues it believed were of interest to the majority of CMF members. At its May 2002 meeting, the Committee clarified and refined that list. Issue selection and categorization was based on the fo llowing criteria: Important to members and their grantees Build on significant knowledge/expertise within CMF members and/or affinity groups Require on-going education by grantmakers Link to impending legislation affecting grantees, i.e., TANF Present opportunities to inform grantmakers and offer options for involvement Emerging or current trends - ex. State fisca l policy Cross-cutting issues - bridge & leverage In May 2002, the Committee refined its list and categories as follows: Short Term T ANF/economic self sufficiency (replaced jobs) Short Tenn Safety Net K-12 Short Term Short Term Early Childhood Long Tenn Access to Health Care (expanded to include financing) Land Use Long Tenn �It defined short term as immediate need to legislative action with 12 months and long term as issues affinity groups are looking at plus some short-term issues. It agreed to develop criteria and processes for identifying/confirming/ informing members about related "emerging" issues in a neutral way. Questions: What is a reasonable number of issues for any period? How long should the Committee's commitment be to any one issue? How successful has the Committee been in addressing each of the six issues? Should the Committee adopt a more intensive strategy, such as that for Early Matters, for other issues? If so, for which issue and w ith ways? Committee History: Education & Awareness Activities At its January 2002 meeting, the Committee agreed to focus its work on foundation staff and tmstees and to develop and implement the following strategies. As noted earlier, creation of the Fellowship and the Office of the Foundation Liaison and changes at CMF (expanded and enhanced communications services), made it possible for the Committee to significantly expand and, in some cases, institutionalize some of these strategies. The Committee's goal for these activities was to: 1. Increase foundation staff/trustees' awareness about role foundations can/do play in public policy. Specifically: W hat puplic policy is; How public p olicy gets made; Why fo undations should participate in public policy process (impact on program goals); and What roles foundations can p lay in public policy arena (in general and by foundation type) 2. Increase nonprofit leaders' awareness of role nonprofit can/does play in public policy (through partnership with MNA). Committee Plan of Action Tactic Status Initiated with articles, module in 2003 Public Policy 101 Course/Campaign lnstimte for New Grantmakers and on web, Handbook in development Fellow attends affinity group events and Refer Issues to CMF affinity groups for discussion/ recommendations for action Committee collaborates with those. Issues are not referred. Accomplished by putting links to Ml in Brief Create briefing papers on each Issue working with outside resources or C MF affinity group in public policy area of web Early Childhood Survey of Michigan Survey CMF members on Issues to identify grantmaking activity around each issue, the Funders conducted 2004 role of public policy in addressing that issue, exemplary grants or best practices reflected in their work Host conf calls on State Budget in Spring 2002 Accomplished Offer sessions on each Issue at Annual Added 2002. Institutionalized 2003. B riefing series begun 1/02 covering Convene funders and new directors of State education, health, aging, labor and economic departments and members of the Governor's staff responsible for each Issue development, FlA. �Questions: Where do we believe the Committee has been most/ least successful in terms of its activities? • What changes might we make/priorities might we set based on our experience to date? Committee History: Membership The Committee was constituted by invitation with a priority being representation by all foundation types (family, corporate, commun ity and independent) and regions. Membership has stayed steady at 20 with three new members offsetting three resignations. The Committee is served by two key nonprofit partners: MNA and the CRC. A core group of approximately eight members regularly attend meetings. During its first year, the Committee examined how it might relate to active CMF affinity groups (Land Use, K-12 and Devolution). Representatives of these groups were invited to the Committee's May 2002 meeting. As a result of their discussions, the Committee agreed to collaborate with these groups as needed rather than to add representatives of each to its membership. Groups currently active are Land Use, Aging, Women & Girls and Early Childhood. Questions: What are the most important criteria for Committee membership? • What relationship should the Committee have with active CMF affinity groups? • Is there an optimal size for the Committee? • How can the Committee more effectively engage members thereby increasing attendance at meetings? Definition of Issues Safety Net: T ANF, income assistance programs, public health services, child care, transportation for low income families, workforce development, nutrition programs including WIC, ELSA (free and reduced lunch and breakfast), mental health, low income housing. TANF/Eco11omic Self-Sufficiellcy (subset ofSafety Net): Federal authorization and state imp lementation: policies related to low income famil ies including welfare-to-work, financial assistance, and work assistance. Responsible MI Agency(s): (I) Family Independence Agency, lead agency; (2) Community health, for Medicaid and MICHIP (Michigan Children's Health; (3) Department of Career D evelopment Early Chi/dhood-preK-12: Licensed day care, K-12 education schools, charter and other schools, parenting education, equity and access issues, choice, standards and accountability, school funding, curriculum, teacher shortage and teacher training. Health Care Access: Insurance coverage or lack thereof, access on distribution of resources, longer term questions about health teams (nurse practitioner questions). Lam/ Use/Urha11 Sprawl: Green space, brown space, quality of urban life, housing patters- economic and racial, infrastructure- transportation, etc. �Timeline of Committee Accomplishments Month & Year 2001 November 2002 January May June Meetings X X X Michigan in Brief mailed to all CMF members directly from the mailing house last month. Conference Calls on State Budget with Tom Clay & Earl Ryan, CRC Public po licy track introduced at CMF Annual ConferenceMackinac Island July September November 2003 January Febmary March April May IX I X - Reps of Affinity Groups on LandUse, K- 12, Devolution July August September November 2004 January Briefing on K-1 2 with Tom Watkins Public Policy articles begin in CMF newsletters Briefing on Economic Development with D. Hollister Briefing on Community Health with J. Olsewski Office of Foundation Liaison established. Initial objectives are to: I) increase state officials' understanding of philanthropy and to identify opportunities for partnering with state government; 2) support models that improve efficiency and/or effectiveness of state government; 3) respond to opportunities for new local and regional public/private partnerships; 4) attract new national grants and federal funds to Michigan. Briefing with Nanette Bowler, FIA I " Public Policy Fellowship begins Creation of Early Matters Steering Committee introduction to public policy for funders added to Institute for New Grantmakers Public Policy Track, CMF Annual Conf. X April May July September Events/Other Contract with Kellogg Fow1dation to conduct Survey of Michigan Foundations on Early Childhood Funding Working with Government Area of www.cmif.or!! launched Briefing on Aging with Sharon Gire Early Matters Forum X 2"d Public Policy Fellowship begins X �History of Committee Membership I. Susan Broman, Steelcase Foundation Early Matters Steering Committee 2. Mary Carol Cotter, Kellogg Foundation 3. David Egner, Hudson-Webber Foundation 4. Carol Goss, Skillman Foundation Early Matters Steering Committee 5. Karla Hall, DTE Energy Foundation 6. Tanya Jefferson, Ruth Mott Foundation (joined 2002) 7. Gary LaPlant, Community Foundation for Delta County 8. Donna Lartique, Kellogg Foundation (joined 2004) Early Matters Steering Committee 9. Benita Melton, C.S. Mott Foundation I 0. Mark Neithercut, Community Foundation for Southeast MI 11. Joel Orosz, Elizabeth Binda Foundation Early Matters Steering Committee 12. Carol Paine-McGovern, Paine Family Foundation 13. Milt Rowher, Frey Foundation 14. Earl Ryan, Citizens R esearch Council (joined June 2002) 15. Diana Sieger, Grand Rapids Community Foundation 16. Sam Singh, M NA 17. Gerald K. Smith, D etroit Youth Foundation 18. Leonard Smith, Flinn Family Foundation 19. Marsha Smith, Rotary Charities ofTraverse C ity 20. Elizabeth Sullivan, Kresge Foundation Former .Members I. Pat Babcock, Kellogg Foundation 2. Angela Graham, Battle Creek Community Foundation 3. Terry Pmitt, D ow Coming Foundation Ex-Officio Rob Collier, CMF Public Policy Fellow, CMF Vicki Rosenberg, CMF Karen Aldridge-Eason, Foundation Liaison �ATTACHMENT TWO P ublic Policy Sessions at tbe 32nd Annual Conference Day One: Nov. 3 • Trust and Risk in Michigan's Future - Dr. Mary Sue Coleman, U ofM • Bridging the Generational Divide Day Two: Nov. 4 • Capital News: Update from Lansing • Repairing Michigan's Mental Health System • Preparing Students for Success After High School • Progress and Possibilities on Land Use Policy Refonn • Retaining, Training, and Growing Michigan's Workforce • Healing the Great Lakes • A Report Card on the Status of Women and Girls in Michigan • After School Programs: Accountability and Sustainability: West Village Academy • Charter Schools: Henry Ford Academy at the Henry Ford • Public Funding for the Arts: How to Survive Without It • Greenways - Detroit Riverwalk and Green Buildings - River Rouge Plant Day Three: Nov. 5 The Advocacy Great Debate • The Arts and Economic Development • The High Returns of Early Childhood Investment • Michigan's Structural Budget Deficit �ATTACHMENT THREE Public Policy Related Articles & Reports CMF NewsWire • 6116/04 Foundations Play A Key Role In "Cool Cities" Awards • 7/ 1/04 Governor Taps Foundation Leaders For New Education Commission • 8/3/04 New Cooperative Land Use Partnership Formed To Help Townships, Cities And Villages • 8/3/04 Land-Use Educational Initiative Targeting Politicians, Citizens A Success • 8/ 17/04 Foundations Play Key Role In State Mental Health Restructuring Michigan Grantmaking Scene (Summer 2004) • "Foundations Take Lead on Land Use" • Public Policy Fellowship transition Memo to Members (September 2004) • Results of the Early Childhood Survey • Michigan Nonprofit Day 2004 • The Foundation Liaison £-News (links to public policy reports) June 2004 • Building Bridges to Self-Sufficiency: Improving Services for Low-Income Working Families • Should the Senate Raise the Income Limit for the Child Tax Credit? July 2004 • Moving Forward: Head Start Children, Families, and Programs in 2003 Despite Job Growth, a Record 2 Million Unemployed Have Gone Without B enefits • TDRs and Other Market-Based Land Mechanisms: How They Work and Their Role in Shaping Metropolitan Growth • August 2004 • Cultural Economic Development: A Practical Guide for Communities • Quality of Life in the Nation's 100 Largest Cities and Suburbs: New and Continuing Challenges for Improving Health and Well-Being • The State of Preschool: 2003 State Preschool Yearbook • Investing in a Better Future: A Review of the Fiscal and Competitive Advantages of Smarter Growth Development Patterns • Million Homeschooled Students in the United States in 2003 September 2004 • Working Hard But Still Poor: An Agenda for Meeting the Needs of Michigan's Low-Income Working Families • The Universal vs. Targeted Debate: Should the United States Have Preschool for All? � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2004_BB_2004-11-03_Public-Policy Title A name given to the resource Council of Michigan Foundations 2004-11-03 board book public policy Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2004-11-03 board book public policy. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50576 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2004-11-03 https://digitalcollections.library.gvsu.edu/files/original/e385764dea8435da17c9ed1f1a88fedd.pdf 2fe7356c5906ab81fcf398cd9c9915ab PDF Text Text CMF Cou ncil of Michigan Foundations Serving grantmakers. Advancing giving. Board of Trustees Meeting Thursday, March 3, 2005 10:00 a.m. -2:00p.m. University Club, Lansing (map enclosed) Rooms 106 & 107 - Henry Center 3435 Forest Road Lansing, M I 48910 Phone: (517) 353-51 11 AGENDA I. Call to Order- Martin Taylor, Chair II. Action Items A. Minutes 1. Board Meeting November 3, 2004 2. Executive Committee Meeting February 16, 2005 III. B. Treasurer's Report - Phil Peters 2 C. Investment Committee - Ted Doan 3 D. Plan of Work 2005-06 - Rob Collier & Vicki Rosenberg 4 E. 2005-06 Budget - Dave Lindberg 5 F. Membership C01mnittee 6 G. Government Relations Report 7 H. Communications 8 Discussion Items A. President's Report- Rob Collier B. Other 9 �Board Meeting Agenda March 3, 2005 Page 2 IV. Adjoumment Next Meeting Date: Board ofTrustees Meeting Date: Thursday, June 2, 2005 Time: 1:00 p.m. - 4:30 p.m. Location: Kellogg Hotel & Conference Center @ MSU, E. Lansing Regional Philanthropy Reception Date: Thursday, June 2, 2005 Time: 4:30 - 6 :00 p.m. Member Reception followed by Board Dinner Location: Kellogg Hotel & Conference Center@ MSU, E. Lansing Accommodations available at: Kellogg Hotel & Conference Center @ Michigan State University Harrison Road East Lansing, MI 48824 www.kelloggcenter.com (800) 875-5090 S:\Boards and Commitees\CMF\Board\2005\3.3.05 Meeting Materials\Agenda3.3.05.doc � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2005_BB_2005-03-03_Board-Agenda Title A name given to the resource Council of Michigan Foundations 2005-03-03 board book board agenda Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2005-03-03 board book board agenda. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50583 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2005-03-03 https://digitalcollections.library.gvsu.edu/files/original/327ef61ff94009cfcd1a47cd416c98d1.pdf 686f8dfe205c8fd96594ec256f4a5a07 PDF Text Text CMF Council of M ichigan Fou ncfations Serving grantmakers. Advancing giving. February 23, 2005 Memo to: CMF Board of Trustees From: Philip H. Peters, Audit & Finance Committee Member David R. Lindberg RE: CMF 2005-06 Budget RESOLVED that the CMF Board of Trustees approve the 2005-06 Budget as recommended by the CMF Audit & Finance and Executive Committees. On February 16, 2005, the CMF Audit & Finance and Executive Committees reviewed and approved the attached 2005-06 budget. Issues to note: Fiscal Year 2005-06 For our upcoming fiscal year 2005-06, the overall budget is fairly routine with no funding issues to report at this time. Fiscal Year 2006-07 2005-06 is the final year of special grant funding for technical support to community foundations. With the end of this grant the Community Foundation Endowment Fund will be used to subsidize the ongoing assistance in this area. In keeping with our 5% spending policy for endowment funds this fund will generate $291 ,000 in spendable income versus projected expenses of $525,000. Core Services Revenue Note 1: Member Contributions Overall the dues increase that was instituted on April 1, 2004, has been well received by the membership. With the S&P 500 being up 8.99% for the year ending 12-31-04, we expect dues for 2005-06 to remain relatively constant. S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Budget 3-3-05.doc �Note 2: Additional Member Contributions The bulk of this category includes the following anticipated major contributions. W.K. Kellogg Foundation C.S. Mott Foundation $150,000 24,000 Kellogg has indicated that 2004-05 will be the final year of their general support grant of $150,000, with future support in this area based on specific projects. CMF will be working with Kellogg over the next six months to further clarify their expectations for this annual support, with the expectation this amount will continue in future years. Note 3: Conference & Meetings Income & Expense Overall we anticipate revenue in this area to remain relatively constant for the coming year. The Annual Conference scheduled for October 2005 is budgeted to generate a $50,000 surplus, which is in line with the November 2004 Conference. Category Full registrations Partial registrations Total Paid Complimentary Total Actual November 2003 328 227 555 150 705 Actual November 2004 282 194 476 223 699 Note 4: Publications Income With the 141h Edition of the Michigan Foundation Directory being released in December 2004, 2005-06 represents the off year for this publication, which is produced every two years. This accounts for the decrease in revenue from 2004-05. S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Budget 3-3-05.doc �Expenses Note 5: Wages & Benefits Overall staffing at CMF has been cut back by .5 FTE as of9-1-04. The increase from 200405 is due to a 4% budgeted wage increase coupled by a 14% increase in the cost ofhealth insurance. Note 6: Postage The increase from the prior year is due to shipping charges associated with the News service post cards and publications promotional maibng. Note 7: Equipment The decrease from 2004-05 is due to the purchase of a new copier in April of2004. Note 8: Technology The increase from 2004-05 is due to the following items: Replace 6 desktop computers Replace 2 docking work stations Outside Website support CMF news service Microsoft Office update $8,400 5,000 5,000 5,000 7,000 Note 9: Association Dues The dues to the Forum of Regional Associations of Grantmakers are based on 1% of CMF 's core budget and thus account for $2,300 of the increase for 2005-06. $2,000 of the increase is due to the NCCS Membership budgeted for 2005-06. S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Budget 3-3-05.doc �Note 10: Publications The following items account for the change from 2004-05. Increase(I>ecrease) ($40,000) Item Foundation Center Fees 141h Edition Directory 2004-05 Guide to Administering Scholarship Program Memo to Members New Service Post Card Recruitment Marketing Brochure 5,000 3,200 2,000 2,500 Note 11: Professional & Contracted Services Public Affairs Associates Legal Audit News Clip Service Mise 2004-05 12,000 4,500 5,000 2,000 2,500 2005-06 12,000 6,000 3,800 2,200 2,000 Note 12: Staff Training & Registration Fees The increase from 2004-05 is due to the following items. NPower Training Staff Training Customer Service $1,000 2,500 Note13: Overhead Allocation In 2000-01 CMF established a policy of charging a 26% overhead rate to special projects, for infrastructure costs that are necessary to support those projects. Allocations for 2005-06 are: IDA Project Learning to Give MAF $4,000 8,000 4,000 S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Budget 3-3-05.doc �Endowment Funds Investment Income for 2005-06 is budgeted at 5% based on our current asset mix of70% equities and 30% fixed income. Expenses are budgeted based on a 5% twenty-quarter rolling average spending policy William W. Allen Fund The purpose of this fund is to further the understanding of private philanthropy in federal and state legislative and regulatory matters. The fund was established with contributions from CMF members in honor of William Allen, who was the first CMF Government Relations Committee Chainnan. Expenses budget for 2005-06 are: Data Work for Washington Legislative Trip Web Promo Legislative template Washington DC Legislative trip expenses February 2006 $3,800 800 4,100 Russell G. Mawby Fund to Improve and Increase Philanthropy The fund was established to honor Dr. Mawby's contributions to Michigan philanthropy. The purpose of this fund is to improve and increase philanthropy by continuing and expanding CMF's efforts to enhance philanthropy and expand charitable resources available in the State ofMichigan. Expenses budget for 2005-06 are: 7,000 5,000 Sponsorships, such as -Grantmaker/Grantseeker, etc. Members Reception Lansing June 2005 Publications Establishing Charitable Foundation Update Giving & Volunteering Survey Guide to Finding Work Philanthropic Sector Guide to Law & Responsibility Guide to Minimum Annual Report 3,000 4,500 700 2,500 1,500 Accountability Education Promotion Material Digitization Project with GVSU GIS Mapping Project with GVSU E-Grants for members Foundation Center Data for Congress Staff Training Diversity NCSS Training Projects to be determined 1,900 1,500 1,500 8,000 8,800 2,500 2,500 5,000 S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Budget 3-3-05.doc �Ruth & Russ Mawby Fund for Kids This fund was established in December of 1995, with a $500,000 directed contribution from theW. K. Kellogg Foundation, by Ruth and Russ Mawby. The purpose of this fund is to improve and increase philanthropy through youth involvement in the State of Michigan. Expenses budget for 2005-06 are: Summer Interns Youth Database update Mise meetings, supplies etc. Outstanding Student Service Award 30% of CF Program Associate salary & benefits Projects to be determined 8,000 4,000 1,500 500 16,000 7,600 MCFYP Endowment This fund was established from the surplus challenge grant dollars that remained at the end of youth challenge grants. The purpose of this fund is to support the ongoing technical assistance and training needs of the 86 community foundation Youth Advisory Committees (YACs) in Michigan. Expenses budget for 2005-06 are: MCFYP Committee meetings YAC Advisor & YAC Regionals Summer Youth Leadership Training net of revenue CF Program Assoc & Youth dissemination travel U ofM Youth Evaluation Projects to be determined $2,400 9,600 29,400 13,000 15,000 1,100 Dorothy A. Johnson Educational Fund The Dorothy A. Johnson Endowment Fund was established in 1999 to honor the work of our former President. The purpose of this fund is to support speaker expenses at the Annual Conference and promote the principles and practices of effective grantmaking. Expenses budget for 2005-06 are: CMF Annual Conference support Kresge accountability & effective practices $3 5,500 10,000 S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Budget 3-3-05.doc �Community Foundation Endowment Fund The purpose of this fund is to support CMF's technical assistance to community foundations in Michigan. Due to the declining stock market during 2000 - 2002 CMF received permission from both Kellogg and the Community Foundation Committee to fund this support with the WKKF IV grant dollars, which will be fully expended by 3-31-06. Community Foundation Technology Fund In February 2003, the CMF Board of Trustees established this fund from the accumulated interest earnings and repaid loans of the Kellogg Computer Grant. The purpose of this fund will be to support the on going technology needs of community foundations in Michigan. The $21,000 available for spending in 2005-06 is currently designated for phase II of the Community Foundation Database Project that involves collecting statewide information on gifts and grants. Margaret Riecker Leadership Fund This fund was established in September 2002 to honor the leadership Ranny Riecker provided in her 26 years as trustee and two terms as Chair ofCMF. The purpose of this fund is to recognize innovative leadership that increases, enhances and improves philanthropy in the state of Michigan. Examples of programs to meet this pmpose are: • Strengthening a state legislative network • Sponsoring leadership training for both new and experienced grantmakers on public policy issues • Provide partial support for next generation learning about philanthropy The following items are budgeted for 2005-06. 50% Public Policy Fellow salary & travel Gongwer E-News for Michigan Legislators Template Projects to be determined $28,000 700 500 8,600 S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Budget 3-3-05.doc �CMF Special Projects L earning to G ive The goal of this project is to integrate teaching about philanthropy, volunteerism, and the third sector, into the kindergarten through twelfth grade formal educational structures in Michigan, in order to improve our schools and improve and reinforce our democratic social structures. On November 1, 2004 LTG became a supporting organization ofCMF. Under our current plan existing grants for LTG will continue to run through CMF until fully expended with all new grant running directly through the new LTG supporting organization. M ichigan Individual Development Accounts (IDA) Partnership The purpose of this project is to assist low income working families with home ownership, higher education and small business development through a matched saving program. Foundation and corporate support has helped leverage $3,444,000 in TANF funds through the Michigan Family Independence Agency, as well as other federal sources. To date over 1,100 matched savings accounts have been established. T ech nology As part of CMF's 3-year strategic plan, technology was identified as a key focus area to enhance and increase the services provided to our membership. W ith the help of a technology consulting firm, ITP, a three-year technology plan was developed and approved by the Board in June 2002. Fundraising for the $498,000 three-year budget was completed in December 2003. WKKFIV The purpose of this grant is to continue technical assistance to community foundations in Michigan with assets less than $20 million. Support will be provided in the following areas. • Legal consultants. • CEO and Program Officers Retreats • CEO Mentoring Consultant • Software Consultant • Evaluation • Mini-Grants to Subsidize Trainings • Support for the Upper Peninsula Community Foundation Office S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Budget 3-3-05.doc �Council of Michigan Foundations Budget Summary 2005-06 Core Services Endowment Funds Special Projects Revenues Spendable Income Endowment Funds Member Contributions Additional Member Contributions Other Grants Conference & Meetings Income Publications & Library Services Other Income Investment Income Total Revenues $0 933,000 190,000 $267,800 $0 515,000 39,000 8,000 30,000 1,715,000 24,100 200,000 24,800 695,700 987,600 6,000 230,800 Program Expenses Wages & Benefits Occupancy Telephone Equipment Lease & Maintenance Postage Supplies Insurance Equipment & Furniture Computer Association Dues Books & Subscriptions Publications Professional & Contracted Services Travel Training & Seminars Conference & Meeting Overhead Allocation Total Administrative 816,000 57,000 17,000 8,000 24,000 29,000 4,500 5,000 92,000 28,500 6,500 83,500 26,000 45,000 13,000 476,000 (16,000) 1,715,000 50,500 12,700 73,600 17,000 5,800 100,100 1,111 ,000 34,000 8 ,000 3 ,500 19,100 30,900 2,100 2,000 344,000 200 3,000 27,200 504,500 64,000 5,500 39,500 281,500 2,198,500 1,600 12,000 8,200 Grants Challenge Grants Mini-grants Team Up/First Deal/Collaborative Computer Grants Other Total Grants Excess Revenues Over Expenditures Beginning Net Assets Transfer to Spendable Income Excess Revenues over Expenditures Ending Net Assets S:\Finance\Budgets\05-06\CMF FS 05-06 706,100 1,273,665 $ 1,273,665 Total $267,800 933,000 190,000 200,000 563,900 39,000 8,000 731,700 2,933,400 1,977,500 91 ,000 25,000 11 ,500 43,100 61 ,500 6 ,600 7 ,000 448,000 36,900 9 ,500 123,400 604,100 126,000 24,300 615,600 (16,000) 4,195,000 24,200 24,200 1,259,000 1,283,200 1,259,000 1,283,200 (3,250,900) (2,544,800) 13,244,466 4,792,349 (267,800) 706,100 (3,250,900) $13,682,766 $ 1,541 ,449 $ 19,310,480 (267,800) (2,544,800) 16,497,880 �Council of Michigan Foundations Core Services Budget 2005-06 Projected 2004-05 Revenues Member Contributions Additional Member Contributions Other Grants Conference & Meetings Income Publications & Library Services Other Income/Consulting/advertising Investment Income Total Revenues 495,000 46,000 12,000 26,000 1,692,000 Program/Admin Expenses Wages & Benefits Occupancy Telephone Equipment Lease & Maintenance Postage Supplies Insurance Equipment & Furniture Technology Association Dues Books & Subscriptions Publications/Communications Professional & Contracted Services Travel & Conferences Staff Training & Conference Registration Fees CMF Conference & Meetings (Gain) loss sale of fixed assets Overhead allocation to Special projects Total Program/Admin Expenses 785,000 56,000 17,000 8 ,000 21 ,000 28,500 4 ,500 15,100 62,100 23,000 6,500 113,200 26,000 45,000 10,000 434,000 (2,400) (13,300) 1,639,200 Net Beginning Net Assets CHANGE IN FUND BALANCE Ending Net Assets 928,000 185,000 Budget 2005-06 $ 933,000 190,000 Note 1 Note 2 515,000 39,000 8,000 30,000 1,715,000 Note 3 Note 4 816,000 57,000 17,000 8 ,000 24,000 29,000 4,500 5 ,000 92,000 28,500 6,500 83,500 26,000 45,000 13,000 476,000 Note 5 (16,000) 1,715,000 $52,800 $0 1,220,865 52,800 $1 ,273,665 1,273,665 0 $1,273,665 Note 6 Note 7 Note 8 Note 9 Note 10 Note 11 Note 12 Note 3 Note 13 �Council of Michigan Foundations Special Projects Budget 2005-06 Learning To Give Revenues Member Contributions Additional Member Contributions Other Grants Spendable Income Endowment Funds Conference & Meetings Income Publications & Library Services Other Income Investment Income Total Revenues Program Expenses Wages & Benefits Occupancy Telephone Equipment Lease & Maintenance Postage Supplies Insurance Equipment & Furniture Technology/Computers Association Dues Books & Subscriptions Publications Professional & Contracted Services Travel Training & Seminars Conference & Meeting Overhead Allocation Total Administrative Grants Challenge Grants Mini-grants Team Up/First Deal/Collaborative Computer Grants Other Total Grants Excess Revenues Over Expenditures Beginning Net Assets Excess Revenues over Expenditures Ending Net Assets S:\Finance\Budgets\05-06\CMF FS 05-06 Joyce Early Childhood IDA Technolog~ WKKF IV $ 200,000 $ 200,000 200,000 589,000 19,800 30,000 12,000 23,700 120,000 12,500 3,000 24,800 24,800 6,000 30,800 6,000 230,800 372,000 1,700 5,000 3,500 5,100 4,200 2,1 00 200,000 18,000 200 3,000 2,200 166,000 34,000 5,500 31,000 1,1 11 ,000 34,000 8,000 3,500 19,100 30,900 2,100 2,000 344,000 200 3,000 27,200 504,500 64,000 5,500 39,500 200,000 653,500 2,198,500 24,200 24,200 10,000 34,200 1,259,000 1,283,200 2,000 3,000 2,000 126,000 25,000 208,500 25,000 80,000 6,000 1,035,000 149,000 149,000 (1 ,184,000) 50,000 5,000 2,500 110,000 200,000 350,000 350,000 750,000 750,000 (460,000) (750,000) Total (200,000) (656,900) 1,400,000 1,030,000 900,000 200,000 1,262,349 (1 ,184,000) (460,000) (750,000) (200,000) (656,900) $ 216,000 $ 570,000 $ 150,000 $ $ 605,449 $ (3,250,900) 4,792,349 (3,250,900) 1,541 ,449 � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2005_BB_2005-03-03_Budget Title A name given to the resource Council of Michigan Foundations 2005-03-03 board book budget Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2005-03-03 board book budget. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50584 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2005-03-03 https://digitalcollections.library.gvsu.edu/files/original/8ab218ccc94723edd16f299622848b32.pdf 96b6f1e53cf2ff7171f4a83031960a8f PDF Text Text CMF Council of Michigan Founcfations Serving 9rantmakers. Advancing giving. February 23, 2005 To: S. Martin Taylor, Chair, and Members ofthe Board of Trustees From: Vicki Rosenberg, Vice President & COO Re: Communications Plan RESOLVED that the Communications Plan target the six priority audiences of members, nonmembers, grantseekers, professional advisors, policymakers and media through the communications tools as set forth below and other activities that may need to occur to remain responsive and nimble: Tan!et Audience Members Tool, Format & Frequency • Memo to Members - Quarterly print & electronic • News Wire -replaces £-News 2x month - electronic & fax • Member Alert - As needed electronic & fax • www.cmi(org - 24/7 • Family Philanthropist- 2x year print & electronic • News Service- 24/7 -electronic Potential Members Policymakers . . (automatic feed ofarticles with option to customize topics sent) www.cmif.org - 24/7 www.cmif.org - 2417 Media • www.cmif.org - 2417 Professional Advisors • www.cmif.org - 2417 • Establishing a Charitable Grantseekers . .. . Foundation- 3 year cycle- print/CD Sample Documents - on Instih1te for Continuing Legal Ed web site www.cmif.org - 2417 Information for Seeking- biennial - print & electronic Ml Foundation Directory-biennial print & CD • Common Grant Application - 24/7 electronic Column in MNA Link-6 per year . Opportunities Newsletter: • Annotated table of contents • State perspectives in all articles • More coverage of breaking news, improved new grants feature, more guest columns • E-versions • Improved content across web site, new areas on effectiveness & for new members • Expand news service to multi-state region • Explore feasibility of £-newsletter for corporate grantmakers . . • • • • . Improve Join Area of web site Develop policymakers area Get links to web site from preferred sites Develop media area Get links to web site from preferred sites Explore other association partnerships to reach audience Partner with MNA to keep grantseekers informed on regular basis �Communications Plan Fe bruary 23, 2005 Page 2 Background In the fall of2003, CMF began a process to assess and develop strategies for improving communications. Our goal is to use communications more effectively to advance the achievement ofCMF' s mission, vision and objectives. Informed by the 2002 Strategic Plan/2004 Member Survey we completed by June of2004: • Analysis of existing communications • Creation of new Communications Team • Introduction of branding system (user manual, 2003 conference marketing & participant materials, annual report) • Launch of redesigned website • Introduction of original news stories (News Wire) and • Initiation of market research. Since June of2004 we have focused on: • Continued implementation of the branding system (stationary, publications and brochures) • Research of target audiences as noted below • Review and refmement of core messages as noted below • Improvements to marketing strategies • Identification of operational requirements Market research involving nearly 600 individuals included: Detailed data is available upon request. • • • • Interviews of over 350 member trustees, executives and staff; 43 editors and reporters from 39 newspapers; 16 station managers and on-air reporters for major television stations; 24 station managers and on-air reporters for major radio stations; 16 legislators and legislative staff members An electronic survey of 133 members Focus groups in Detroit and Grand Rapids involving 22 members Web trends collected on a monthly basis. Significant findings are as follows: • • • Media want quick, on-demand access to news sources, data, story ideas, contacts, and spokespersons. Legislators want quick, on-demand access to information about member activities such as grants, projects and research. Members hear from CMF at least monthly and value our communications as indicated by the following data. They increasingly prefer electronic delivery. • 93% of member main contacts (325 of389) receive NewsWire and 80% receive E-News (some opted out or are currently being spammed out). Only 7% of member main contacts receive no electronic or fax communication from CMF. These are primarily unstaffed family foundations that asked not to receive email or fax at home. �Communications Plan February 23, 2005 Page 3 • • • • E-news has a higher than average open and click-through rates The Newsroom on www.cmif.org has been the most visited area over a nine-month period during which the number of visitors increased 150% (from 1,462 to 4,947) Members value and use the website as indicated by member surveys and by a 100% increase in v isitors and 50% increase in new visitors between 4/04 and 1/05 On surveys and in interviews and focus groups, members indicated several preferences to improve the value of CMF communications. Those with a critical mass of support are included in the recommendations on page 3. Core Messages CMF has several core messages it uses across consistently, for example, - the year's best education and networking event for staffand trustees ofMichigan foundations -- was used in 2003 and 2004 annual conference marketing materials. In Phase II, CMF: • drafted core messages for major FY05 initiatives • determined that the Value Statements need to be used more effectively and frequently • refined the wording of Purpose Statements to improve their usefulness as core messages. Core messages CMF uses consistently are: Identity: a statewide membership association of over 400 foundations and corporate grantmakers making grants for charitable purposes. Mission: Vision: Values: Pwposes: to increase, enhance and improve philanthropy in Michigan. to be the premier philanthrophic support organization. Relationships, Inclusivity, Servant-Leadership, Knowledge, Excellence (simplified and started by key word) • Advocate for a legislative and regulatory environment conducive to philanthropy. • Educate foundation staff and trustees about effective practice. • Increase organized philanthropy in Michigan. • Lead and support collaborative philanthropic responses to critical needs. • Network Michigan grantmakers with each other and with grantseekers. • Promote public understanding of and appreciation for the role of philanthropy. • Operate a model membership association. Operational Requirements In FY05, CMF will continue strengthening its internal capacity through: 1. Improving quality control systems for its database of members/others. 2. Improving systems for obtaining member input and tracking member use and satisfaction. The FY05 Plan of Work proposes: • creating an Editorial Advisory Group �Communications Plan Fe bruary 23, 2005 Page 4 • • creating a list serve of member communications officers to facilitate the exchanges of ideas, requests for submissions and submission forms, guest articles, etc. conducting the Biennial Member Satisfaction Survey in the 41h quarter 3. Training staff to improve the accuracy and speed of responses to routine member inquiries. The CMF Communications Team includes Vicki Rosenberg, COO; Mike Gallagher, editorial consultant; Kathy Ginocchio, Director of Technology and former web master; and Gail FowersSchaub, Director of Knowledge Resources and Services. Bob Tobin, of Williams Group, and Amber Khan, of The Communications Network (in philanthropy) provided important advice. � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2005_BB_2005-03-03_Communications-Plan Title A name given to the resource Council of Michigan Foundations 2005-03-03 board book communications plan Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2005-03-03 board book communications plan. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50585 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2005-03-03 https://digitalcollections.library.gvsu.edu/files/original/ef79b4e5a6dd39f8f28f7f3954261bc0.pdf 7ba523556a92f45b0872b8513ba2ae85 PDF Text Text eMF Council of M ichigan Founaations Serving grantmakers. Advancing giving. Date: February 23, 2005 Memo to: CMF Board of Trustees From: Philip H. Peters, Audit & Finance Committee Member Dav id R. Lindberg RE: CMF 12-31-04 Financial Statements Resolved that the CMF Board of Trustees accept the 12-31-04 Financial Statements as recommended by the CMF Audit & Finance and Executive Committees. On February 16, 2005, the CMF Audit & Finance and Executive Committees reviewed and approved the 12-3 1-04 Financial Report. Of special note is the fact that the CMF Core Operations is projected to earn a surplus of $52,800. Core Operations Note 1: Member Contributions Overall the dues increase instituted April I, 2004 has exceeded our expectations with the lost revenue due to members canceling running below budget. As of early February 2005 we had 52 unpaid members with the anticipation that 16 will renew before 3-31-05. This will leave 36 members that we anticipate will not renew, primarily from the smaller fami ly foundation group. Note 2: Conference & Meetings As of December 61h registration figures for the Annual Conference were: Full Registrations Partial Registrations Speakers etc. Nov 2004 Budget 400 250 150 800 Nov 2004 Actual 282 194 223 699 Nov 2003 Actual 328 227 150 705 Based on our latest proj ections it appears the Annual Conference will generate a surplus of roughly $61,000, thanks to Rob's negotiation with the Hyatt in Dearborn to waive the $35,000 penalty they originally billed us for the shortfall in the overnight room counts. In exchange for waiving this penalty CMF needs to go back to the Hyatt in the fall of2007. S:\Boards and Committees\CMF\Board\2004-05\3.3 .05 Meeting Materials\Finance 3-3-0S.doc �Expenses Note 3: Wages & Benefits The variance from budget is due to the unemployment compensation accrual that was set up to cover possible claims down the road, per the policy approved by this committee in October 2004. Note 4: Technology/Computers The favorable variance is due to the iMIS version 10 upgrade, which came as part of the annual maintenance fees we pay. Note 5: P ublications & Print ing The projected variance from budget is due to the follow ing items. Benefits Postcard Communications Consultant Travel expenses Directory Advertising Family Philanthropist Member Benefits Brochure Mich Grantmaking Scene & Memo reduced costs $4,000 3,000 4,500 3,000 2,600 6,000 Note 6: Professional Services The variance from budget is primarily due to legal expenses which we anticipate will end the year under budget. Russell G. Maw by Fund Expense through 12-31-04 are broken down as follows: Association Dues MNA Sponsorship Grantmakers Grantseekers Michigan Women' s Foundation Sponsorship Governor's Service Award D inner National Philanthropy Day, W MI Chapter Fund Raisers MNA Nonprofit Day Sponsorship $1 ,000 1,500 350 500 500 S:\Boards and Committees\CMF\Board\2004-05\3.3 .05 Meeting Materials\Finance 3-3-0S.doc �Publications 273 188 Professional Fees Clark Hill Accountability work Clark Hill Corp Found & 990 PF work 11 ,315 8,789 Meetings I Members' Meeting Kalamazoo June 04 4,615 I Russell Mawby Fund for Kids Summer Intern Allocation of CF Program Associate Y AC Stipends 6,391 11,819 1,000 MCFYP Endowment Travel & Registration Fees - CF Program Associate and Y ACers Y AC Summer Conference CMU June 2004 Y AC Fall Regional Trainings 7,786 21,630 9,434 Dorothy Johnson Educational Fund I Support Annual Conference Nov 2004 I $42,ooo I Riecker Leadership Fund This fund is being used to support 25% of the Public Policy Fellow starting 7-1-04, with the other 75% being supported by a grant from the W .K. Kellogg Foundation. S:\Boards and Committees\CMF\Board\2004-05\3.3 .05 Meeting Materials\Finance 3-3-0S.doc �Council of Michigan Foundations & Supporting Organizations Consolidated Balance Sheet Dec ember 31 , 2004 ns II Supporting Organizatio Mic higan CMF Core & Special Project s ASSETS Cash & Equivalents Investments Grants Receivable Due From Other Funds Property, Plant & Equipment- Net Other Assets Total Assets LIABILITIES Accounts Payable Other Liabilities Grants Payable Total Liabilities NET ASSETS (FUND BALANCE) Unrestricted & Temp Restrict. Endowment Funds KYIP Fund Total Net Assets Total Liabilities & Net Assets S:\Finance\Financial Statements\04.05\FS 12-314).4 $3,941,446 3,068,006 546,882 619,479 28,400 $8,204,213 Endowment Funds AIDS Fund MCFV $50,218 13,559,183 $11 ,267,094 0 (79, 149) $13,530,252 (288,937) 23,613 $11,001 ,770 $630,740 693,561 ( 178,796) 15,097 5,917 $1,166,519 $46,584 146,970 0 487,589 487,589 600.198 678.930 $ 193,554 0 8.010.659 Total $15,889,498 13,559,183 3,761 ,567 0 658,189 34,317 $33,902,754 $46,584 146,970 487,589 681 '143 8,010,659 13,530,252 10,401 ,572 11,001 ,770 678,930 9.289.787 13,530,252 10,401 ,572 33,221 ,611 $8,204,213 $13,530,252 $11 ,001 ,770 $1 ,166,519 $33,902,754 13,530,252 �Council of Michigan Foundations & Supporting Organizations Consolidated Statement of Activities and Changes in Net Assets 4-1-04 to 12-31-04 II Council of M ichigan Foundations CMF Core oeeratlons Revenues Spendable Income Member Contributions Additiona l Member Contributions $0 898,800 163,4 10 Other Grants Conference Income Publications & Library Services Other Income Investm ent Income Total Revenues Program/Adm ln Expenses Sala ries & Benefits Occupancy Telephone Eq uipment Lease & Ma intenance Postage Supplies Insurance E quipment & Furniture Depreciation Technology/Computers Association Dues Books & S ubscriptions Publications & Printing Professional & Contracted Services T rave l T raining & Seminars Confere nce & Meeting Ovemead Allocation to Spec Proj 489,525 28,139 11,671 22,289 1,613,834 572,284 40,001 12,906 5,629 13,616 18,084 4,193 15,023 0 33,397 19,208 5,080 77,040 19,035 29,246 4,979 260, 545 (9,990) Special Projects Endowment Funds $0 2,468,022 500 1,961 45,9941 25,030 2,541,507 1.007,138 17,542 9,477 5,0541 18,833 48,581 2,109 0 0 238,677 867 10,267 65,848 434,3741. 40,138 6,2041 23,938 9,990 $243,500 15,740 1,015,755 1,274,995 29,250 193 66 4,350 250 460 2 1,605 6,458 1 ,825 77,679 CMF Total Supporting Organizations Michigan AIDS MCFV Fund Combined Total $0 so 306,161 869,965 (201,365) 104,796 5,551 875,516 $243,500 898 .800 163,410 3,644 ,148 505,765 30,100 57 ,665 867,260 6,167 ,148 1 ,608,672 57,543 22,383 10,683 32.642 66,731 6,302 1 5,023 49,814 173,488 22,358 4,903 755 1,791 21 ,817 1,244 342 1,831,974 79,901 27 ,286 1 1 ,438 34,462 88,548 7 ,546 15,365 272,074 24,425 15,597 143,348 475,014 75,842 13,008 362,162 4 7,156 7,227 1,100 1,112 5,780 173,300 7,292 1,510 7,544 326,457 25,525 16,709 149,128 876,842 83 .231 14,518 369,703 $243,500 898,800 163,410 2,468,022 505,765 30,100 57 ,665 1,063,074 5,430,336 29 228,528 97 (3) - (Gain)/Loss sale of fixe d assets Total Program/Admin 1,120,276 1 ,939,037 0 0 0 0 0 0 10,025 142, 136 3,201,449 325,621 431 ,563 3,958 ,633 GRANTS Challenge Grants Mini-Grants Computer G rants Other Grants Total Grants Excess Revenues Over Expenditures Beginning Net Assets Transfer from MCFV Change in Net Assets Ending Net Assets 493,558 1,3 21 ,5 35 493,558 $ 1,815,093 10 .025 10,025 0 1 ,207,671 1,217,696 (615,226) 6,810,792 (6 15,226 ) $6,195,566 1.132.859 12,398,374 (981) 1,1 32,859 5 13,530,252 1,207,671 1,217,696 2,613,500 2,613,500 722,316 722,316 4,543,487 4,553,512 1 ,0 11.191 (2,834,325) (278,363) (2, 101 ,497) 957,293 35,323,108 !278,363) $678,930 (2, 101,497 $33,221,611 20,530,701 (981) 1,011,191 $21,540,911 13,835,114 981 !2,834,325! $11 ,001,770 �CMF Endowment Funds Consolidated Statement of Activities and Changes in Net Assets 4-1-04 to 12-31-04 Endowment Funds Allen Fund Russell G Mawby Fund Maw by Fund For Kids Jo hn son Educational Fund Community Fo undation Endowment MCFYP Endowment Riecke r Fund Comm Fdn Techn ology Fund 12 Month B udget 2004·0 5 Tota l Revenues S pendable Income Member Contributions Additional Member Contributions Other Grants Conference Income Publications & Library Services Other Income Investment Income Total Revenues 8 ,500 63,000 36,000 44 ,000 243,500 243,500 15,74 0 4,000 18.500 1,015,755 1,274,995 290,800 556,800 29,250 38,800 66 193 66 100 400 3,850 250 460 500 4 ,350 20,105 500 51 210 48,000 25,000 19,000 15,740 11,435 19,935 Programi Admin Expens e s Salaries & Benefits Occupancy Telephone Equipment Lea se & Maintenance Postage Supplioto Insurance Equipment & Furniture Depreciation Technology/Computers Association Dues Books & Subscriptions Publications & Printing Professional & Contracted Services Travel Training & Seminars Conference & Meeting Total Program/Admin 116,612 179,612 67,011 103,01 1 78.259 122,259 517,060 517,060 92,102 155,842 98,997 123,997 34,279 53,279 10,540 18 ,7 10 193 250 460 4,615 29,280 20.037 1,000 5,921 1,615 31 ,064 39,793 42 ,000 42,000 21 ,605 6.458 1,825 486 11,026 4 ,000 23,800 20,700 35,000 27,600 77,679 115,700 142,136 266,100 GRANTS Challenge Grants Mini-Grants Computer Grants Other Grants Total Grants Excess Rev enues Over Expenditures 19,935 150,332 82,974 80,259 517,060 116,049 112,971 53,279 1,132,859 290,700 Beginning Net Asset s Transfer from Other Funds Excess Revenues over E xpenditures Ending Net Asset s 170,876 1,422,796 827,586 959,692 6 ,379, 148 1, 117,957 1,098,607 421 ,712 12,398,374 12,398,374 19,935 150,332 82,974 80,259 517,0 60 1 16,049 112,971 53,279 1,132,859 290,700 $190,811 $1 ,573,128 $910,560 $1.039,951 $6.895,227 $1 ,234,006 $1,21 1,578 $474,991 $13,530.252 $ 12,689,074 S:\Finance\Financial Statements\04-05\FS 12-31-04 (981) (981) �Council of Michigan Foundations Member Services Internal Statement of Activities 4-1-04 to 12-31-04 12 Month Budget 2002-03 Revenues Spendable Income Member Contributions Additional Member Contributions Other Grants Conference & Meetings Publications & Library Services Other Income Investment Earnings Total Revenues Program/Admin Expenses Salaries & Benefits Occupancy Telephone Equipment Lease & Maintenance Postage Supplies Insurance Equipment & Furniture Depreciation Technology/Computers Association Dues Books & Subscriptions Publications Professional & Contracted Services Travel Training & Seminars Conference & Meetings (Gain)Loss on Fixed Asset Sales Overhead Allocation to Spec Projects Total Program/Admin $ 4 Month Budget 7/31 /2002 883,000 195,000 0 624,600 62,300 3,000 24,000 1,791,900 762,200 59,500 17,000 8,000 27,200 30,600 5,800 15,000 0 69,400 27,000 5,500 139,000 37,200 43,000 12,000 550,000 #REF! (16,500) #REF! Grants Challenge Grants Mini-Grants Computer Grants Other Grants Total Grants $ 4 Month Actual 7/31/2002 883,000 195,000 0 592,000 41 ,800 1,500 18,000 1,731 ,300 561 ,900 44,600 12,800 6,100 20,500 23,000 5,800 15,000 0 52,000 25,200 4 ,300 116,700 29,100 32,100 9,000 515,600 #REF! (12,400) #REF! 0 0 0 0 0 $ 898,800 163,410 0 489,525 28,139 11,671 22,289 1,613,834 572,284 40,001 12,906 5,629 13,616 18,084 4,193 15,023 0 33,397 19,208 5,080 77,040 19,035 29,246 4,979 260,545 #REF! (9,990) #REF! 0 0 0 0 0 0 0 0 0 0 Excess Revenues Over Expenditures #REF! #REF! #REF! Beginning Net Assets Transfers from MCFV CHANGE IN FUND BALANCE Ending Net Assets 7,700,683 7,700,683 #REF! #REF! #REF! #REF! 7,700,683 0 #REF! #REF! dlindberg/fsstate/03-04/FS 12-31-04-mem serv/ �Council of Michigan Foundations Core Operations Internal Statement of Activities 4-1-04 to 12-31-04 12 Month Budget 2004-05 Revenues Member Contributions Additional Member Contributions Other Grants Conference & Meetings Publications & Library Services Other Income Investment Earnings Total Revenues 9 Month Budget 12/31/2004 9 Month Actual 12/31/2004 Projected 3/31/2005 883,000 195,000 883,000 195,000 $898,800 163,410 928,000 185,000 Note 1 624,600 62,300 3,000 24,000 1,791 ,900 592,000 41 ,800 1,500 18,000 1,731,300 489,525 28,139 11 ,671 22,289 1,613,834 495,000 46,000 12,000 26,000 1,692,000 Note 2 561 ,900 44,600 12,800 6, 100 20,500 23,000 5,800 15,000 572,284 40,001 12,906 5,629 13,616 18,084 4,193 15,023 785,000 56,000 17,000 8,000 21,000 28,500 4,500 15,100 Note 3 52,000 25,200 4,300 116,700 29,100 32, 100 9,000 515,600 33,397 19,208 5,080 77,040 19,035 29,246 4,979 260,545 (2,350) (9,990) 1,117,926 62,100 23,000 6,500 113,200 26,000 45,000 10,000 434,000 (2,400) (13,300) 1,639,200 Note 4 Program/Admin Expenses 762,200 Salaries & Benefits Occupancy 59,500 Telephone 17,000 Equipment Lease & Maintenance 8,000 27,200 Postage 30,600 Supplies 5,800 Insurance Equipment & Furniture 15,000 Depreciation Technology/Computers 69,400 27,000 Association Dues Books & Subscriptions 5,500 139,000 Publications Professional & Contracted Services 37,200 43,000 Travel 12,000 Training & Seminars 550,000 Conference & Meetings (Gain) Loss sale of Fixed Assets Overhead Allocation to Spec Projects (16,500) 1,791 ,900 Total Program/Admin (12,400) 1,461,300 Grants Challenge Grants Mini-Grants Computer Grants Other Grants Total Grants 0 0 0 Excess Revenues Over Expenditures 0 270,000 495,908 1,321 ,535 0 1,321 ,535 1,321,535 270,000 1,591 ,535 Beginning Net Assets CHANGE IN FUND BALANCE Ending Net Assets S:\Fina.nce\Financial Statements\04-05\FS 1 2-3 1 ~04 - 52,800 1,321 ,535 $1,321 ,535 495,908 52,800 $1,817,443 $1,374,335 Note 5 Note 6 Note 2 �CMF Council of Michigan Foundations Serving grantmakers. Advancing giving. February 23, 2005 Memo to: CMF Board of Trustees From: Herbert (Ted) D. Doan, Investment Committee Member Re: December 31, 2004, Investment Report RESOLVED that the December 31, 2004, Investment Report, as reviewed by the Investment Committee, be accepted. On February 23, 2005, the Investment Committee met to review and approve the enclosed report. On a quarterly basis, the combined Investment Committee for the Council of Michigan Foundations (CMF), Michigan Community Foundations' Venture (MCFV) and the Michigan AIDS Fund (MAP), meets to review the investment perfonnance for the operating and pennanent endowment funds. Recent Issues Addressed by the Investment Committee: KYIP Investments CMF is currently holding $10,401,572 received from the W.K. Kellogg Foundation for the purpose of supporting pennanent endowment funds for three Kellogg Youth Initiative Pmtnership sites. With a distribution plan formally accepted by the three sites the Investment Committee has moved these funds from equities and fixed income securities to money market instruments m1d U.S. Treasuries. To date $2,550,000 in grants has been disbursed to the three sites and based on the matching requirement in place distributions are anticipated to last through 2009. Pooling of Investment of CMF Endowment Funds Using a new software package which provides for the allocation of investment income from a pooled investment account to separate endowment funds, staff has completed the consolidation of the eight endowment funds into one pooled investment account each at Comerica and Bank One (vs. 16 accounts in the past). This process significantly reduces the administrative time to rebalance the investments and book the monthly investment income to the various endowment funds. S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Investment Memo.doc �The enclosed Investment Report is presented in three sections. Investment Performance Report The benchmark is based on the targeted asset allocation formula listed below, using the Lipper median returns provided by Comerica on a quarterly basis. Asset Class S&P 500 S&P 400 S&P 600 REIT International Equities Short Bond Bond High Yield Bond Fund Cash Allocation 37% 9% 6% 5% 13% 12.5% 12.5% 5% 0% The Lipper returns are based on the following asset classes. Lipper Large Cap Core Lipper Mid Cap Core Lipper Small Cap Core Lipper Real Estate Equity Lipper International Lipper Corporate Debt A Rated F ixed Income Asset Allocation Report The Investment Committee has approved an asset allocation re-balancing policy that instructs CMF's Vice President of Finance to rebalance the endowment fund portfolios on a quarterly basis. To keep administrative time to a minimum CMF maintains one checking account to pay all endowment fund expenses. The negative cash balances are the result of endowment fund expenditures from the CMF checking account, which are periodically reimbursed, by transferring cash from the endowment funds to the CMF general checking account Investment Performance Comparison Report In addition to the Lipper returns, the Investment Committee uses the Cambridge & Associates, Inc. pool of colleges, universities, and foundations as a benchmark comparison. With the pooling of the investments starting October 1, 2004, this is the last quarter in which the individual endowment funds will be listed on this report. S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\Investment Memo.doc �Council of Michigan Foundations Investment Report December 31, 2004 Investment Balance 12-31-04 Actual Asset Allocation Targeted Asset Allocation Operating Funds CMF Operating & Special Projects MCFV Special Project s KYIP Fund Michigan AIDS Fund $7,556,334 100% 100% $576,585 100% 100% $10,401,572 100% 100% $451,944 100% 100% Note: All operating funds are invested in money market accounts. Endowment Funds- Asset Mix Market Value Cash Equivalents Fixerl Income Equities ($79,144) 3.830,312 9,728,868 $13,480,036 Actual % Target % -0.6% 28.4% 72.2% 100.0% 0% 30% 70% 100% Endowment Funds Compound Annual Rate of Return One Year Three Year Five Year Actual Investment Return 12.17% 7.77% 3.68% Lipper Median Benchmark 10.43% 5.98% 2.75% boardcomm/cmf/board/04-05/1nvest Report 3-3-05-1 �Council of Michigan Foundation s & Supporting Organizations Perm anent Funds Investment Perfo rmance Comparison Report 9/30/2004 Quarter Endmg 9~30-04 Actual Return Lipper (Median) II Cambridge Foundation Pool One Year Ending 9Jo.o4 Three Years Endmg 903o:04 Cambridge Actual Retum Lipper (Median) Foundation Pool f i ve Years E ndtng 9 -30-04 Cambridge Actual Retum Lipper (Median) Foundation Pool Cambridge Actual Return l ~per (Median) Foundation Pool Allen Fund 0.61% 0.03% 0.60% 12.91% 11.09% 13.10% 7.27% 5.85% 7.80% 3.33% 3.17% 5.60% Mawby Funds 0.79% 0.03% 0.60% 13.67% 11.09% 13.10% 7.94% 5.85% 7.80% 4.23% 3.17% 5.60% Community Foundation Fund 0.80% 0.03% 0.60% 13.96% 11.09% 13.10% 7.94% 5.85% 7.80% 4 .32% 3.11% 5.60% 0. Johnson Education Fund 0.57% 0.03% 080% 13.38% 11.09% 13.10% 7.95% 5.85% N/A N/A 3.11% N/A MCFYP Endowment Fund 0.80% 0 .03% 0.60% 13.81% 11 .09% 13.10% 7.90% 5.85% 7.80% N/A N/A N/A Reicker Endowment Fund 0.75% 0.03% 0.60% 13.92% 11.09% 13.10% N/A 5.85% 7.80% N/A N/A N/A Community Found TeCh Fund 0.75% 0.03% 0.60% 13.46% 11.09% 13.10% N/A 5.85% 7.80% N/A N/A N/A OAJ Fund was not fulfy invested until July 2000, MCFYP Endowment was estaMshed in May 2001 Bench Marks Wilshire 5000 S&P 500 Russell 2500 LB Aggregate MSCI EAFE CPI-U 14.8% 13.9% 18.5% 3 .7% 22.1% 2 .5% 6.1% 4.0% 14.1% 5.9% 9.1 % 2.1% Note: Cambridge retums are based on a pool of 340 found ations, coHeges and universities. Cambridge retums reported are median numbers Asset Allocation Cambridge Pool 38.0% US Equities International Equities Fixed Income (less high yield) Cash Other Tot al 15.9% 19.6% 4 .5% 22 .0% 100 .0% Other Rear Estate Hedge Funds Distressed Securities Arbitrage Venture Capital Private Equity Oil & Gas Partnerships High Y"~eld Bonds Other from Cambridge. dWndberglbrdcom m/cmf/committee/invesU04-051Meel2-23-05b-1 10.0% 100.0% 5.0% 0.6% 5.0% 1.7% ava~able 52.0% 13.0% 25.0% 2 .9% 7 .9% 1 2% 4 .0% 1.3% 1.9% 0.5% ~ ·Represents the latest return numbers CMF Target � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2005_BB_2005-03-03_Financials Title A name given to the resource Council of Michigan Foundations 2005-03-03 board book financials Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2005-03-03 board book financials. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50586 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2005-03-03 https://digitalcollections.library.gvsu.edu/files/original/d163b13e2ef42293c5ffa26038151c6a.pdf 9ad7467809e71b255bf3fb1975eb324a PDF Text Text Serving Grantmakers. Advancing Giving. "The CMF staff is always there to answer my questions and point me in the right direction." �CMF Council of Michigan Foumfat ions S.rviug gronloto!O". AfhoOr>lNig ~·;~· H ighlights of FY04 Accomplishments To Date �Mission Statement To increase, enhance and improve philanthropy in Michigan. �Advocate • Leader on response to congressional scrutiny • Service on National Panel & Work Groups (convened by Independent Sector) • 22 members on Capitol Hill, Feb. 2004 " .. .we appreciate all CMF does on our behalf." �Educate • 990-PF Conference Calls & Guide • 1st annual conference recap CD • YAC Longitudinal Study "This is my third CMF conference ... each has been outstanding, on par with national conferences." �Increase • 99 new foundations formed • 34 donor/Advisor consultations • 32o/o more gifts to community foundations (43, 600 to 64,300) "What magnificent support ... I will encourage the foundation I'm advising to join CMF." �Lead • Early Childhood -forum, survey, meetings • Learning to Give- supporting organization • IDA- 300+ asset purchases " ...great job on the Early Matters Forum. We ... walked away with action items that will keep us moving forward." �Network • 1st Florida member event • 7°/o increase in DAG attendance • 53 at spring Member Reception "This is my second Conversations Workshop. It is a great opportunity." �Promote • 41 NewsWire articles • 238o/o increase in News Room visits (1,500 to 5,000) • Global Business Network case study "Your article ... helped us tremendously." �Operate • Successful dues increase • Expanded annual conference marketing • Guest Membership program "Thanks for the excellent publications." �CMF Council of Michigan Foumfat ions S.rviug gronloto!O". AfhoOr>lNig ~·;~· H ighlights of FY05 Plan of Work �• Strategic Thinking - Environmental scan -Analysis -Tactic development �Advocate for a legislative & regulatory environment conducive to philanthropy. Objective: Achieve goals of Legislative Statement Metric: Goals achieved Tactic: Letter to legislator/editor template on www.cmif.org �Advocate for a legislative & regulatory environment conducive to philanthropy. Objective: Build & strengthen relationships with policymakers Metric: Speaker of House & Chairs of: DCH, FIA/DHS, Taxation, House Policy, Appropriations Tactic: Policymakers area on www.cmif.org �Educate foundation staff & trustees about effective practice. Objective: Increase foundation effectiveness Metrics: - 50°/o of participants apply new knowledge - 30 community foundations meet national standards - 50°/o of YACs complete Best Practice Assessment - Increased participation (5 Corp./15 Family) Tactic: Effectiveness area on www.cmif.org �Increase organized philanthropy in Michigan Objective: Be professional advisors primary resource on foundation establishment Metric: Assist 50 professional advisors Tactic: Conference Call Series for advisors �Increase organized philanthropy in Michigan Objective: Be individuals, families, corporations . pnmary resource Metric: Assist 25 individuals, families, corps. Tactic: Continue one-on-one service �Increase organized philanthropy in Michigan Objective: Support growth of philanthropy worldwide Metric: 5 products adopted for U.S./global use Tactic: Shared CMF/Ohio technical assistance �Lead & support collaborative philanthropic responses to critical needs. Objective: Support & facilitate foundation engagement in public policy Metric: 30°/o of members attend public policy event/session Tactic: Graduate seminar, Ford School, U of M �Lead & support collaborative philanthropic responses to critical needs. Objective: Help with coordinated responses Metric: Leverage $1:$1 public-private investment Tactic: Per member request �Network Michigan grantmakers with each other and with grantseekers. Objective: Strengthen network of Ml grantmakers Metric: - 50o/o of members participate in events - 20 members attend for first time Tactic: SW Ml Family Foundation Network �Network Michigan grantmakers with each other and with grantseekers. Objective: Build grantmaker/grantseeker understanding Metric: 50°/o of MNA members value CMF events/column Tactic: Column in MNA newsletter/website �Promote public understanding of and appreciation for the role of philanthropy. Objective: Increase positive stories about CMF members reported in state, regional and national media Metric: 5°/o more stories in Gannett, KnightRidder, Booth, Dow Jones papers & broadcast stations Tactic: Media area on www.cmif.org �Operate a model membership association. Objective: Retain current members Metric: Maintain 91 °/o of organized philanthropic assets Tactic: New member area on www.cmif.org �Operate a model membership association. Objective: Recruit new members representing diversity of Ml grantmakers Metric: 7 new members (2 representing donors of color) Tactic: New Strategy/Materials �Operate a model membership association. Objective: Develop sustainable financial base for operating CMF Metric: 5°/o increase in non-dues revenue Tactic: Increased emphasis on current tactics �Operate a model membership association. Objective: Maintain effective governance system Metric: 90°/o of trustees rate system effective Tactic: Board self-assessment �Operate a model membership association. Objective: Increase organizational effectiveness Metrics: - 95°/o "very effective" rating by members - 10°/o increase in "effective" rating by staff Tactic: Implement communications plan �Operate a model membership association. Objective: Become a model association for diversity & Inclusion Metric: To be determined Tactic: Complete business plan �Operate a model membership association. Objective: Maintain competitive advantage Metric: 85°/o of members rate CMF most valuable association for philanthropic support services Tactic: Complete biennial member survey �Serving Grantmakers. Advancing Giving. �����$600 School Aid Fund $400 • $200 en t: 0 -:!E t: $0 ($200) ($400) ~ - ($600) ($800) ($1,000) ($1 ,200) FYOO FY01 General Fund ������������������State Taxes as a Percent of Michigan Personal Income 8.5 - 8.0 cQ) 7.5 ...CJ Q) 0.. . .... • • • • • .... • • 7.0 • • 6.5 6.0 I 1995 I 1997 1999 2001 Year 2003 I 2005 ���General Fund Structural Deficit $14,000 $12,000 $10,000 1/) c .2 $8,000 - :::E .5 $6,000 $4,000 $2,000 $0 FYOS FY06 FY07 FY08 Fiscal Year FY09 FY1 0 FY11 �������������������������� Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2005_BB_2005-03-03_Highlights-and-Plan-of-Work-Powerpoint Title A name given to the resource Council of Michigan Foundations 2005-03-03 board book highlights and plan of work powerpoint Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2005-03-03 board book highlights and plan of work powerpoint. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50587 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2005-03-03 https://digitalcollections.library.gvsu.edu/files/original/b31fb4a0a71e1b4069011946657442ba.pdf 27e8dcb82762f368ea70aa6db9d9de35 PDF Text Text Councilof Michi an CMF Foun~ations Serving grantmakers. Advancing giving. February 23, 2005 Memo to: S. Martin Taylor, Chair and Members ofthe Board of Trustees From: Betsy Upton Stover and Ira Strumwasser, Co-Chairs Rob Collier, President Re: Membership Report RESOLVED that the following three grantmakers be approved for membership: Community Foundation Alliance of Calhoun County, Homer Carol Petredean-DiSalvio, Administrator Conway Family Foundation, Belmont Stephen M. Conway, Secretary/Treasurer The Jury Foundation, Saginaw Sarah Jury, President Background Activitv Summary (or period April] through February 23, 2005 The following three members are dropped from membership in addition to Iacocca and Rosenzweig Coopersmith: Delphi Foundation, not able to use services The Ludy Foundation, moved to Florida MEEMIC Foundation for the Future of Education, not able to use services Memberships at 4/ I /04 New members Dropped Membership at 2/23/05 Renewals# Renewal % Revenue (renewals & new) Additional # Additional $ 393 10 (includes Allen, Smith Barney, AAA Ml, Brown, Ash, UBS plus three above) 5 (Iacocca, Rosenzweig Coopersmith, plus three above) 398 340 of388 (48 tmpaid) 87% $ 882,580 16 $ 11,710 ($150,000 ck. from Kellogg in the mail) �Membership Repo rt February 23, 2005 Page 2 CMF membership stands at 398. The following chart summarizes the current m embership composition: Private: 227 Family Foundations Independent Foundations 167 60 Foundations Affiliates Donor-Advised Funds Supporting Organization 55 32 3 1 Foundations Giving Programs 26 30 Community: 91 Corporate: 56 Public: Foundations Donor-Advised Funds Out-of-State Associate: Private Foundations Totals: 20 18 2 4 4 398 398 Forty-eight (48) grantmakers have yet to renew. Twe nty (20) did not pay their 2003 dues, and senior management is working to determine those we should drop from membership. Reminder letters were sent to 81 grantmakers in mid-September, resulting in 53 renewals to date. DISCUSSION ITEM- Guiding Principles as a Condition of Membership Beginning in 2004 as a part of the renewal process, members were asked to subscribe, for the first time, to the Guiding Principles of the Council ofMichigan Foundations. The renewal invoice form includes a box where the member main contact signs and dates their acceptance of the Principles. Renewal thank you letters reiterated the importance of these principles and m embers not signing were afforded the opportunity via their thank you to sign on. To date, twenty-nine members have not done so. Staff looks forward to the guidance of the Board in how to address this issue of non-signing. S:\Boards and Commitees\CMF\Board\2005\3.3 .05 Meeting Materials\Membership Report.doc � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2005_BB_2005-03-03_Membership-Report Title A name given to the resource Council of Michigan Foundations 2005-03-03 board book membership report Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2005-03-03 board book membership report. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50588 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2005-03-03 https://digitalcollections.library.gvsu.edu/files/original/b4d815441429811d94f5a29e9cee5f4f.pdf 5c66a2d947ebcb0b6d95cb24eaa0aa7b PDF Text Text Councilof Mich i an CMF Foun~tions Serving grantmakers. Advancing giving. February 23, 2005 To: S. Martin Taylor, Chair, and Members of the Board of Trustees From: Rob Collier, President Re: 2005-06 Plan of Work cc: Vicki Rosenberg, Vice President and COO David Lindberg, Vice President Finance & Administration I am pleased to enclose the proposed Plan of Work for the fiscal year starting April 1, 2005 to March 31, 2006. The Plan ofWork has been prepared under the leadership ofVicki Rosenberg, Chief Operating Officer, with significant input by all Program Directors, Dave Lindberg and me. At the March 3'd Board Meeting, Vicki will lead the presentation that will include highlights of activities this year in Serving Grantmakers, Advancing Giving as well as new activities in the proposed Plan ofWork. RESOLVED: That the Plan of Work for 2005-06, as recommended by the Executive Committee, be approved. Background I would like to draw your attention to two key developments in the proposed Plan of Work: • metrics have now been developed for each objective in the Plan. The Metric is listed under the objective in the first column on the left. For the past three years we have been operating with one metric for each of the six goal statements. In an effort to better determine the outcomes of our actions, staff feels that this is an important step in demonstrating our accountability to both the board and the membership. The Executive Committee supports this development. the separate goals for membership and operations have been consolidated to a new goal: to operate a model membership association. The objectives for membership are continued! in the consolidated goal statement. • In addition, each year we present in this memo management's priorities for the new fiscal year. 1. Membership This year we are combining the two past priorities of Membership Retention and R ecru itment into one - Membership. With the financial shortfall we are facing in 2006-07, it is vital that we examine all revenue sources, and membership is a vital source - both in terms of dues from exiting members and potential members. This may be the year to consider expanding membership categories to include those categories of public charities that are grantmakers we presently do not serve- such as hospital foundations and K-12 foundations. Other activities this �2005-06 Pla n of Work Memo Febmary 23 , 2005 Page 2 year may include: restructuring the membership committee, new forms of membership for fami ly foundations and continued targeted asks to the list of 83. 2. Coordinated Marketing of Educational Opportunities While accountability continues to be a primary message, we have realized that it is one of the critical elements to effective philanthropy. Therefore in the proposed Plan of Work "Effective Grantmaking/Philanthropy" is going to be at the core of our many educational opportunities in 2005. 3. A Helpful Regulatory Environment for Philanthropy This priority continues to consume about 25% of my time. CMF is considered a leadership organization in the country with our experience and track record. We look forward to working with Ellen Barclay the new President of the Forum of 30 regional associations of grantmakers in implementing the accountability and effectiveness project, I have helped to develop. This will help CMF especially with our enhanced commun ications plan. I serve on one of the five work groups for the National Panel convened by Independent Sector as well as on the IS Public Policy Committee. 4. Strengthening our Internal Infrastructure This will be the final year of our five year strategic plan as well as the fi nal year of our three year technology plan. Much has been accomplished but more needs to be done. We look forward to summarizing the results and next steps at our fall Board meeting. The Communications Plan to be discussed at the March 3'd Board M eeting will get us started. These four priorities have been discussed with staff, and we look forward to discussing them with you. Finally, I have enclosed an organizational chart that details the complexity of CMF. �DRAFT FY2005 Plan of Work Mission: To increase, enhance and improve philanthropy in Michigan. Advocate for a legislative EJ:l2 regulatory environment conducive to philanthropy. OBJECTIVES Achieve goals of Legislative Statement. STRATEGY 1. Represent members on committees and other groups 2. Lobby for goals in legislative statement - - c -. Metric: Achievement of goals. 3. Facilitate member action around achieving goals of legislative statement Build and strengthen relationships with policy-makers. Metric: Have relationships With the following state policy-makers by 3/31/06: Speaker of the House: Chair of Appropriations: Chair of Taxation; Chair of FIA/DHS Committee: Chair of DCH Committee; Chair of House Policy - TACTICS Serve on NPO Advisory Committee to State Attorney General Update Legislative Statement Retain advocacy firm in Lansing (Public Affairs Associates) Lobby for 2006 Tobacco Settlement Fund appropriation =--e=-;s'-;-,---;-:Serve as/provide members to testify to leg. committe Facilitate/Disseminate Private Foundation Payout Study Update with Cambridge Assocs. CMF website: add templates for letters to legislators & editors o n, for ex. Comm. Fdtn tax credit or in generic form for member use (with electronic address book for quick distribution). Publish Member Alerts on legislative & regulatory issues with suggested action steps 1 . Raise policym akers awareness a""'b_o_u-:-t-:cth-e----;Fcca~cCo ile' ita-ct= e An-n u -a - ;1---;;""" F_o_u-n -d;-a-ctcio_n_s_o_n---:;th-e-,H = ill-;-"-vcis"" it- philanthropic sector, CMF and its members Co-sponsor Nonprofit Day adding funder/npo team v isits to legislators CMF website: pilot test nnew area for p olicymakers Facilitate meetings of CMF members & state officials Hand deliver M / Foundation Directory to each official S:\Boards and Committees\CMF\Board\2004-0513.3.05 Meeting Materials\FY05 Plan of W ork -for 3.3.Board meeting 2.22.05 11118/2011 3:52PM � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2005_BB_2005-03-03_Plan-of-Work Title A name given to the resource Council of Michigan Foundations 2005-03-03 board book plan of work Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2005-03-03 board book plan of work. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50589 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2005-03-03 https://digitalcollections.library.gvsu.edu/files/original/84028e913d5dee7b4e2801b9d23b9c08.pdf c92d2d3f0ed6413d94c51fac04508ef2 PDF Text Text eMF Cou ncil of Michiga n Foundat ions Servinggrantmakers. Advancing giving. February 23, 2005 To: S. Martin Taylor, Chair, and Members of the Board of Trustees From: Rob Collier Re: President's Report I. Staff Notes In response to our increased emphasis on communications and technology, the following staff changes have been made: Gail Powers-Schaub was named Director, Knowledge Resources & Services after serving for several years as Director, Information Services & Technology. Gail will be the lead analyst and developer of new content for www.cmif.org including building the on-line library to increase member access to CMF holdings, partnerships with foundation libraries as she continues to respond to member and staff research questions. Kathy Ginocchio was named Director of Technology after serving as our first web master. Kathy will lead the final phase of the three-year technology plan. She joined CMF after a career in information services consulting, database design and management for private sector firms including Arthur Anderson Consulting and State Farm Corporate Headquarters. Mary Trimbach, our new Data Application Specialist, is the newest member of our team. Mary has 20 years of experience in information systems field. An expert in databases, with an extensive background in hardware and software, Mary joins us at a critical juncture and will be instrumental in leading the clean up of our database. Mary replaces Joe Jones who served as Database Administrator for the past two years. Joe has started a new career in technology consulting. We wish him well. New Member Service Opportunity Vicki Rosenberg is one of eight individuals invited by the Nokomis Foundation to receive training in the Smart Growth organizational assessment model and to help one of 12 Nokomis grantees apply the model as a capacity building opportunity. This training will provide CMF with a new way of serving members. II. Conferences December 9,- Land Use Funders Convening- Lansing More than 100 grantees and funders met for the sixth annual Convening that featured the one year progress report on the recommendations from the Michigan Land Use Leadership Council. (A copy is included in the front packet). �President's Report February 23, 2005 Page 2 December 14,- Detroit Area Grantmakers Over eighty grantmakers from southeastern Michigan heard Michael Brennan, President and Chief Executive Officer, United Way Community Services, at the final2004 DAG meeting. Mr. Brennan discussed the work of the Strategic Framework Committee charged with providing direction for United Way's future role in the community. He also shared plans for a 211 Telephone Referral System in SEMI. The session was moderated by Elizabeth C. Sullivan, The Kresge Foundation and CMF Trustee. January 11 , - Detroit Area Grantmakers Thanks to generous support from The Carls Foundation, the January DAG "Tackling the Super Bowl" was held at Ford Field. Susan Sherer, Executive Director, Detroit Super Bowl XL Host Committee, shared her insights and experiences regarding the planning and preparation for this major 2006 event. Melonie Colaianne, MASCO Corporation, was the moderator for this program. January - Advisor Roundtable Conference Calls Over 40 YAC Advisors participated in the Advisor Roundtables, which took place by conference call. The training was divided into two tracks. The first track was designed for new YAC Advisors, with less than one year experience and track two was designed for experienced YAC Advisors. Throughout the trainings, the advisors were able to learn about state-wide initiatives, the redesigned Best Practices, as well as an oppottunity to learn from each other. January- CMF/Fetzer Institute Heart of the Philanthropist Retreat Series Twelve CMF members met at the Fetzer Institute Retreat Center in Kalamazoo for the sixth and final retreat in this two-year series. Over the two years, participants explored the interrelationship between their professional and personal lives to improve their work. Vicki Rosenberg staffed and participated in the series. Discussions are underway about possible next steps. February 15, - Detroit Area Grantmakers Forty-five grantmakers from southeastern Michigan gathered to hear David Sowerby, CFA, Vice President, Portfolio Manager/Chief Market Analyst, Loomis Sayles, on the 2005 anticipated investment environment and how it will affect future grantrnaking. Mr. Sowerby identified appealing asset classes and long term expected retums for stocks, and specifically took a close look at Michigan companies. The meeting was moderated by Ina Fernandez, Senior Portfolio Manager, Munder Capital Management. February 22, - Be Ready By Five Site Visit- Ypsilanti Thirteen family foundation trustees and staff interested in learning about early childhood development and grantmaking made a site visit on February 22 to High/Scope Educational Research Foundation in Ypsilanti. The group viewed the demonstration preschool and meet with High/Scope president, Larry Schweinhart, to learn about the recent final 40-year rep01i on the long-term results of high quality early care and education programs. The site visit was planned by the "Be Ready By Five" group of family foundations that meets approximately three times a year to make site visits to early childhood facilities, share information on early childhood programs, and to meet and learn from early childhood specialists. "Be Ready By Five" members include trustees and staff from: Colina Foundation, Cook Family Foundation, Frey Foundation, Paine Family Foundation, The Rollin M. Gerstacker Foundation, The Sebastian Foundation and Frederick S. Upton Foundation. �President's Report February 23, 2005 Page 3 February 17 & 18 - Community Foundation CEO Retreat - Bay City More than 4 7 Michigan community foundation Executive Directors participated in the CMF Community Foundation CEO Retreat in February in Bay City. Presenters at this two day retreat included Lucy Bemholtz, Blueprint Research and Design. Lucy let the CEO's through a day long visioning and trends session. Karen Aldridge-Eason, Foundation Liaison, Officer of the Governor gave the State ofthe State, and CMF staff provided updates on Public Policy, Youth Grantmaking, Standards and future community foundation initiatives. March 17, 18 - Community Foundation Program Officers' Retreat- Grand Rapids More than 40 Michigan community foundation program staff are registered for the Retreat to network and share information. Speakers include Thomas Clay - Citizens Research Council and Jeff Guilfoyle - State of Michigan, who will outline the impact of Michigan state budget cuts on local communities. The Grand Rapids Community Foundation will host this year's retreat. III. Information Services & Communications Use of www.cmif.org is steadily increasing across the site, but most notably to the Newsroom where visitors can access CMF News Wire articles. Visitors to this area alone have increased by 150% between April and December 2004. In • • • • the fourth quarter of2004: page v iews increased 13% (from 37,456 to 42,791) unique visitors increased 23% (from 7,217 to 9,260) hits to the home page increased 22% (from 6,368 hits to 8,136) the 32"ct Annual Conference Recap Site, expanded from last year's with a slide show of photos and links to session handouts, had a total of 1,000 hits in December and January; and • the Newsroom had an average of 4,000 hits each month Recent publications include: The Michigan Grantmaking Scene, December 2004 Michigan Foundation Directory, December 2004 Information for Seeking, Februwy 2005 Establishing a Charitable Foundation in Michigan, l" Edition Most notable is production and distribution of CMF's first Annual Conference CD containing a description of each session with the majority of handouts available at the conference. The CD was mailed to all Conference participants with a postcard requesting feedback on its value and ideas for ways it could be improved for next year. NewsWire articles developed by Editorial Consultant Mike Gallagher for the period include: 2/ 17/2005 2/ 10/2005 2/3/2005 2/2/2005 2/2/2005 Giving Circles Promote Grassroots Philanthropy, Says Study Foundation Feedback Sought On Oversight Recommendations U.S. Senate Leaders Put CARE Act On Fast Track W.K. Kellogg Foundation's 75th Anniversary Celebration Highlights MCFYP Global Seminar Series 75th Anniversary Gift From Kellogg Foundation �President's Report February 23, 2005 Page 4 2/2/2005 2/2/2005 1124/2005 1112/2005 1/5/2005 12/ 15/2004 12/15/2004 11/30/2004 11112/2004 National Leaders To Participate I n Kellogg Foundation Expert In Residence Series W.K. Kellogg Foundation Celebrates 75th Anniversary By Giving To Others Mandatory E-Filing of Forms 990 & 990-PF In Future State Leaders Praise Role Of Michigan Foundations In UP Land Protection Initiative Michigan Foundation Leaders Help Move National Accountability Panel Forward Progress Report Shows Michigan Land Use Leadership Council On The Right Track Foundations Play Important Role In State Commission's Educational Report Nokomis Foundation To Brief State Officials On " Status of Women in Michigan" Report Foundation Trustees Advised To Review Proxy Voting Procedures Finally we have included in the back pocket an article by Andy Goodman from The Monitor Group titled Playing Matchmaker for Grantmakers that features CMF. IV. Public Policy Committee Since the November 2004 report to the Board, the CMF Public Policy Committee has hosted educational events and laid out a plan for 2005-2007. Highlights of activities since the Board Meeting include: • Under the leadership of the Early Matters Sub-Committee: o Disseminated the final report of a statewide survey of early childhood funders commissioned by the W.K. Kellogg Foundation, "Early Childhood Funding in Michigan: Findings from a 2004 Survey ofFoundations." An announcement postcard was sent to CMF members and to non-member foundations interested in children and youth. The fu ll report was mailed to the 40+ survey participants and other interested parties and can be downloaded for free at www.cmif.org. o Met with Govemor Granholm and the Children's Cabinet, chaired by Marianne Udow, Director, Family Independence Agency, on January 5. The Cabinet, CMF members, Karen Aldridge-Eason, Maura Dewan, Julie Ford, Vicki Rosenberg and Rob Collier discussed the Cabinet' s plans and priorities for the next fiscal year, funders ' priorities, and partnership opportunities and spoke with Rosanna Anders of the Joyce Foundation regarding the newly announced grant for universal pre-k for which CMF is the fiscal agent. • Continued educating members about the Committee's six focus issues via articles, abstracts of and links to new research reports, and information on recent member grants and partnership in print and electronic newsletters, the CMF News Wire and the public policy area of www.cmif.org. Examples include: CMF NewsWire • 11119/04 Michigan Public Policy Issues Outlined, Debated • 11/30/04 "Status of Women in Michigan" Report: Top Tips On What Can Be Done �President's Report February 23, 2005 Page 5 • 12/15/04 Progress Report Shows Michigan Land Use L eadership Council On The Right Track • 12/15/04 Foundations P lay Important Role In State Commission's Educational Report • 1/12/05 State Leaders Praise Role Of Michigan Foundations In UP Land Protection Initiative Michigan Grantmaking S cen e (Winter 2005) • Trust & R isk In Michigan's Future • Bettering Society through Civic Engagement • Learn the Legal Rules Surrounding Public Policy Advocacy E-News (links to public policy reports) November 2004 • Building Bridges from Pre-kindergarten to Infants and Toddlers: A Preliminary Look at Issues in Four States • Neighborhoods of Choice and Connection: The Evolution of American Neighborhood Policy and What it Means for the United Kingdom • Health Care: Are You Better Off Today than You Were Four Years Ago? December 2004 • Child Trends DataBank • From Prison to Work: The Employment Dimensions of Prisoner Reentry • The Talent Development High School Model: Context, Components, and Initial ln1pacts on Ninth-Grade Students' Engagement and Performance January 2005 • Zero to Six: Electronic Media in the Lives of Infants, Toddlers, and Preschoolers • Selling Healthy Lifestyles: Using Social Marketing to Promote Change and Prevent Disease • Chicago Prisoners' Experiences Returning Home February 2005 • The Collaborative Leader's Process Guide • Open the Preschool Door, Close the Preparation Gap In addition the Committee will host this spring: • a March 10 session on legal rules surrounding advocacy and crafting effective public policy messages at the Forum of Regional Associations ofGrantmakers Conference in Washington; • a March 21 Briefing with D irectors of the Departments of Environmental Quality and Natural Resources; • an April event for policymakers, advocacy organizations and funders on Fathers Matter, a community foundations project supported by a $15,000 grant from the Coalition of Community Foundations for Youth, and • a May 24 s ite visit to the Armory Arts Project in Jackson to learn about the arts and economic development. V. Partnerships January 31 - February 3 & 4- Forum of Regional Associations New Ventures Knowledge Management Task Force and Education Task Force- Washington Vicki Rosenberg, Gail Powers-Schaub and Kathy Ginocchio attended these two meetings as part of their work with the Forum and new President Ellen Barclay. �President's Report February 23, 2005 Page 6 February 24- COF Building Strong and Ethical Foundations Advisory Committee- Washington Rob Collier attended the first meeting ofthis new Advisory Committee to assist the Council on Foundations tie their national agenda to the work of regional associations. VI. Updates from Supporting Organizations A. Learning to Give The newly appointed Learning to Give Board of D irectors has met twice since the November Council of Michigan Foundations Board meeting in Detroit. Organizing documents have been approved and submitted both in Michigan and with the federal government. At the most recent meeting held on February 22, 2005, the new board reviewed, discussed and approved the 2005-2006 Plan of Work and Budget. The Plan of Work for Learning to Give for this fiscal year includes three major goals and their related tasks: 1. Creating new K-12 Philanthropy Education Curricular Products This goal completes the work promised in our current grants from the W.K. Kellogg Foundation, Lilly Endowment, Corporate for National and Community Service, Fetzer Institute, and the McGregor Fund. 2. Developing Selected Pa rtnerships to Support K-12 Philanthropy Education in Targeted States This goal completes the work in extending LTG through Grand Valley State University and the Center on Philanthropy at Indiana University (LTG-Michigan, and LTG-Indiana). In addition, efforts will be made this year to take LTG to at least one additional state. 3. Sustain K-12 Philanthropy E ducation This goal includes the development of the new supporting organization for Learning to Give and the continued exploration of strategies for the long-tem1 sustainability and growth of philanthropy education. The LTG Board agreed that there are two primary priorities under goal three: to pursue national corporate sponsorship; and a potential merger opportunity with a new group called "Community League". We expect significant activity on both priorities this spring and look forward to a fu ll briefing at the CMF June Board Meeting. In addition, the Lilly Endowment has invited submission of a $1.5 million proposal for the three years starting January 1, 2006. The next LTG Board meeting is scheduled as a conference call on June 7, 2005. CMF Board members are encouraged to visit the new rooms on the web-site (leamingtogive.org) that extend the philanthropy education resources to Parents, Youth Workers, and Religious Instructors. Included in the back pocket are: LTG at a Glance, an article from Grand Valley State University and a one pager on LTG at the area IMAX Theaters. �President's Report February 23, 2005 Page 7 B. Michigan Community Foundations' Ventures The "Community Foundation R & D Incubator" supported by the Mott Foundation has already begun research for the next portfolio of marketing and communication tools to be released this Fall at the COF Community Foundation conference in Seattle through the National Marketing Action Team (NMAT). The "Regional Marketing Initiative" continues with three states, Iowa, South Carolina and Maryland planning collective marketing campaigns in their regions utilizing the NMAT marketing tools. A renewal grant application has been submitted to the Mott Foundation for the period starting April 1, 2005. Aspen Institute' s Nonprofit Sector Research Fund and the CS Mott Foundation have supported a research project "Together is Better", examining the effects of regional collaboration among small community foundations on their operations, marketing and financial sustainability. This research project is a joint effort ofMCFV, Blueprint Research & Design, Inc., Public Policy Associates, and Williams Group, and will include 5 case studies on collaboration- two from Michigan. More than a 40% response rate was received to the national survey, exceeding expectations. The final report is being drafted for an April 15 release. "Making a Difference: A community impact series," a four session Michigan curriculum on opportunities for community foundations to better define and collect meaningful outcomes and performance measures with grantees has been repurposed as a self-directed web based product will be made available to the nation later this spring via the Council on Foundation's Center for Community Foundation Excellence, thanks to funding from the Mott Foundation. CompassPoint Nonprofit Services in San Francisco with MCFV in an advisory role has received $40,000 in grants to conduct a national research study on the status of relations between Community Foundations and U nited Ways in rural communities, mid-size cities and large urban metropolitan areas. The report will be presented at the COF Fall Conununity Foundation Conference in Seattle. C. Michigan AIDS Fund In November, the Michigan AIDS Fund (MAF) was in the midst of a major organizational assessment with the counsel of the Management Assistance Group (MAG) consulting firm in Washington, DC. After a rigorous review and analysis, MAG presented three potential options for the future direction of MAF. In December, the MAF Board of Tmstees adopted the option to "transform MAF into a new entity with a broader vision that includes both a role as funder and a role advocating for sound and compassionate public policy regarding HIVI AIDS." To that end, the Board adopted MAF's new mission: "To prevent the spread of HIVI AIDS in Michigan by increasing knowledge and awareness of the HIVIAIDS epidemic, and to raise and invest public and private funds to effectively prevent the disease." �President's Report February 23, 2005 Page 8 While this means re-dedicating the organization to its role as a funder, it is with a singular focus on preventing H IV/AIDS in Michigan. Our Transition Committee and the Alford Group have been working to develop a detailed plan, a sound budget, and practical steps for implementation. The new plan requires development of new grant making guidelines, a much greater emphasis and investment in fund development, and a re-alignment of the MAF Board around our new objectives. As we enter the third decade of the disease, the H IVI AIDS epidemic has changed and MAF is changing to meet the needs ofthose most affected. CMF has been a vital partner with MAF since our found ing in 1989 and we look forward to working together in the fight against HIV/AIDS. � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2005_BB_2005-03-03_Presidents-Report Title A name given to the resource Council of Michigan Foundations 2005-03-03 board book presidents report Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2005-03-03 board book presidents report. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50590 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2005-03-03 https://digitalcollections.library.gvsu.edu/files/original/690576775018202e3537940fa5afe8ae.pdf 5ee46fafd5f089004b796106aafd074e PDF Text Text CMF Council of Michigan Foundations Serving grontmokers. Advancing giving. Board of Trustees Meeting Minutes Wednesday, November 3, 2004 Hyatt Regency Dearborn The Meeting of the Board ofTmstees of the Council of Michigan Foundations (CMF) was held at the Hyatt Regency Hotel in Dearborn on Wednesday, November 3, 2004 pursuant to written notice duly given. The meeting was called to order at 8:55 a.m. by S. Martin Taylor, Chair. Trustees and Officers present in addition to Mr. Taylor: David Campbell Robert S. Collier Julie F. Cummings Elizabeth A. Cherin Herbert D. Doan David 0. Egner Rev. J. Louis Felton Russell L. Gabier Carol Goss Richard T. Groos Russell G. Mawby Olivia P. Maynard Phillip H. Peters William C. Richardson David S. Sebastian Diana R. Sieger Gerald K. Smith Betsy Upton Stover Elizabeth C. Sullivan Sandra E. Ulsh Amanda Van Dusen Lloyd J. Yeo Special Guests: Stacey Barbas, Interim Executive Director, Michigan AIDS Fund James A. Kelly, Co-Chair, Learning to Give Board ofTmstees Eric Muschler, Director, Michigan IDA Partnership Robert Swaney, Chair, Investment Committee and Vice President & Chief Investment Officer, C. S. Mott Foundation CMF Staff: Kathryn Agard, Executive Director, Learning to Give Susan Cuddington, Executive Assistant to the President Jeri Fischer, Director, Membership & Special Projects Julie Ford, Philanthropy Fellow Mike Gallagher, Managing Editor David Lindberg, Vice President, Finance & Administration Donnell Mersereau, Director, Community Foundations Vicki Rosenberg, Vice President & COO Chair Taylor welcomed Trustees and introduced new Tmstee, Carol Goss, President & CEO of the Skillman Foundation. Approval of Minutes The minutes of the June 10, 2004 Board of Trustees Meeting and the September 30,2004 Executive Committee were presented for approval. �Board of Trustees Meeting M inutes- November 3, 2004 Page 2 Upon motion duly made, supported and unanimously approved, it was RESOLVED that the minutes of the Board of Trustees Meeting of June 10, 2004 and the minutes of the September 30, 2004 Executive Committee Meeting be approved as presented. Treasurer's Report Treasurer Lloyd Yeo presented the September 30, 2004 Financial Report. He addressed the potential liability with the Hyatt Regency regarding the penalties due to the excess rooms booked and that negotiations continue. Dave Lindberg briefed the Board on the unemployment tax accrual policy approved by the Executive Committee on September 30, 2004. He also noted that the core fund balance has grown to the point that it will cover six months of core operations - one of the goals of the strategic plan. Upon motion duly made, supported, and unanimously approved, it was RESOLVED that the Core Operations and Endowment Funds Statement of Activity for September 30, 2004, as recommended by the Audit & Finance Committee, be approved. Mr. Lindberg presented the Banking Resolution, as recommended by the Investment Committee. The resolution was amended and approved as follows: Upon motion duly made, supported and unanimously approved, it was RESOLVED that the President & Chief Executive Officer, VP of Finance & Administration and Chief Operating Ofticer are authorized and empowered to execute and deliver on behalf of CMF and its supporting organizations, such printed resolutions deemed necessary to establish or continue relationships with CMF's current banking institutions (Comerica and J .P. Morgan Chase Bank); and any investment firms which may be established from time to time at the direction of the CMF and Supporting Organizations' Investment Committee. Investment Committee Investment Committee Chair Robert Swaney presented the Investment Report for the period ending June 30, 2004. He noted the successfully consolidation of the eight endowment funds into one account fo r more effective investment management. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the June 30, 2004 Investment Report, as reviewed by the Investment Committee, be approved. Nominating Committee Sandra Ulsh presented the Nominating Committee report on behalf of Ann K. Irish, Chair. Ms. Ulsb noted the Executive Committee appointment of Lloyd Yeo as Secretary for the purposes of conducting the 2004 Election of Trustees. Ms. Ulsh presented the following slate of officers to the Board. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the following individuals be elected to the offices as specified for a one-year term effective November 4, 2004. �Board of Trustees Meeting M inutes- November 3, 2004 Page 3 • • • • • • Chair, S. Martin Taylor, Vice President & Director, DTE Energy Foundation Vice Chair Community Foundations, Diana R. Sieger, President, Grand Rapids Community Foundation Vice Chair Private Foundations- Julie F. Cummings, Trustee, Max M. and Marjorie S. Fisher Foundation Secretary - Amanda Van Dusen, Principal, Miller Canfield, Paddock and Stone, P.L.C. Treasurer- Lloyd J. Yeo, President, Wickson-Link Memorial Foundation President- RobertS. Collier, Council of Michigan Foundations RESOLVED further, that the actions of the Committee on the Class of 2007, as detailed below, be approved. The names of nine individuals have been presented to the membership for election to the Board for a three-year term ending in 2007. • • • • • Elizabeth A. Cherin, President & CEO, Fremont Area Community Foundation Olivia P. Maynard, President, Heron Oaks Foundation Betsy Upton Stover, Trustee, FrederickS. Upton Foundation S. Martin Taylor, Vice President & Director, DTE Energy Foundation Sandra E. Ulsh, President, Ford Motor Company Fund The following four individuals have accepted the Committee's invitation to stand for election as members of the Class of 2007: • • • • John Colina, President, Colina Foundation George F. Francis, III, President, Blue Cross Blue Shield of Michigan Foundation Wesley H . Maurer, Jr., Chair & Trustee, Mackinac Island Community Foundation Dan Wyant, Trustee, The Edward Lowe Foundation Ms. Ulsh recognized term-limited Trustees - Ann Irish, Dave Campbell, Bill Richardson - and recommended approval of the following resolutions of appreciation: Upon motion duly made, supported and unanimously approved, it was RESOLVED that the Board of Trustees extends its appreciation to Ann K. Irish, Trustee of the Earhart Foundation, for her nine years of dedicated service to the Council of Michigan Foundations, including her leadership as Chair of the Family Philanthropy Committee, as Chair of the Nominating Committee and member of the Principles and Practices Task Force, and welcomes her continued involvement through the CMF Advisory Cabinet as an advocate for philanthropy in Michigan. RESOLVED that the Board of Trustees extends its appreciation to David Campbell, President of the McGregor Fund, for his nine years of dedicated service to the Council of Michigan Foundations, including his leadership as Program Chair of the Annual Conference, Chair of the Board of Trustees for two years, and member of the Principles and Practices Task Force, and welcomes his continued involvement through the CMF Advisory Cabinet as an advocate for philanthropy in Michigan. �Board of Trustees Meeting M inutes- November 3, 2004 Page 4 RESOLVED that the Board of Trustees extends its appreciation to William Richardson, President of the W .K. Kellogg Foundation, for his nine years of dedicated service to the Council of Michigan Foundations, including his leadership as Chair of the Annual Conference, member of the Principles and Practices Task Force, and supporter of CMF's role in public policy, and welcomes his continued involvement through the CMF Advisory Cabinet as an advocate for philanthropy in Michigan. Membership Committee Committee Co-Chair Betsy Upton Stover presented the Membership Report and stated the current membership stands at 398. Jeri Fischer, Director of Membership Services, commented members have been largely supportive of the dues increase with several taking advantage ofthe allowed two year period to reach the new dues level. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the following six grantmakers be approved for membership: AAA Michigan, Dearborn Susan Carbin Krichbaum, Manager, Community Relations Allen Foundation Inc., Midland Gail E. Lanphear, Chairman ofthe Board Stanley & Blanche Ash Foundation, Greenville Jennifer Ash, Trustee Edalene & Ed Brown Family Foundation, Ltd., Troy David M. Thoms, President Plante & Moran, PLLP, Battle Creek (rejoin) Vicki VanDenBerg, Partner UBS - Michigan, Flint William H. Moeller, Senior Vice President In addition, the fo llowing two members are dropped from membership at their request. The Iacocca Foundation, belongs to Associated Grantmakers of Massachusetts making many of our services duplicative. "You ail do a great job." Rosenzweig Coopersmith Foundation, family all live out of state- rarely able to participate. Ms. Stover introduced a new category- Associate Partner: Individual in Consultant Service - as a non membership category designed to serve lawyers, accountants, fmancial planners involved in charitable giving but without an organized corporate giving program, individual foundation or donor advised fund at a community foundation. The Board discussed the criteria, and approved the concept in principle with the new language to be presented to the Executive Committee. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the non membership category, Associate Partner- Individual in Consultant Service, be developed with the final language to be reviewed with the Executive Committee. �Board of Trustees Meeting Minutes- November 3, 2004 Page 5 Government Relations Committee Committee Co-Chair Libby Maynard presented the Government Relations Report. Ms Maynard reviewed the revised Legislative Goals Statement, a copy of which is attached, noting changes to Goals 9, 15 and 16. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the Legislative Goals Statement, a copy of which is attached, be approved with the 2004 updates noted in bold. Ms. Maynard presented a recommended position on the State Budget Crisis, requested by the Board at the Jw1e 2004 Board Meeting after discussing the Michigan Nonprofit Association (MNA) document, Socially and Fiscally Responsible Solutions to the State Fiscal Crisis- Recommendations to the State Policymakers. She noted that the Board did not take a position on the MNA document because one of the recommendations was to decouple the Michigan Estate Tax from the Federal Estate Tax, a step that contradicts an existing CMF Legislative Goal. Upon motion duly made, supported and unanimously approved, it was RESOLVED that the Council of Michigan Foundations supports bipartisan efforts to seek long term fiscally responsible solutions, including but not limited to restructuring the state' s tax structure, that will provide sufficient government funding to services critical for the quality of life expected and deserved by all residents. Ms. Maynard shared the Committee's initial response to the 19-page Senate Discussion Paper. She noted the National Panel being formed by Independent Sector will include Michigan members - B ill R ichardson, Bill White, Dottie Johnson and Sam Singh and have a preliminary report in February with a final report in June. However, she noted that the Committee feels it is important that Senators Levin and Stabenow be infonned now of CMF's positions on the issues as noted in the recommended resolution. RESOLVED that the Council of Michigan Foundations supports recommendations in the Senate Finance Committee discussion paper to improve the Forms 990 and 990-PF and to allow for the sharing of information between federal and state regulators, and further opposes recommendations in the paper to impose new fees on the nonprofit sector and to change the treatment of administrative expenses. Learning to Give National Steering Committee Chair Russ Mawby updated the Board on the progress of Learning to Give (LTG). Kathy Agard, Executive Director, noted LTG will now be seen on factoids/ads in Jack Loeks Theaters prior to the showing ofiMAX films because LTG has developed teacher lesson plans on IMAX films. Ms. Agard announced the Fetzer Institute will be moving their "Generosity of the Spirit" philanthropy materials to the LTG website soon. Rob Collier highlighted the work of the National Steering Committee over the past several months in exploring corporate sponsorships. He shared that consultants recommend LTG needs to have its own identity. Because CMF has a well established system in place with its two supporting organizations, Michigan Community Foundations' Ventures and the Michigan AIDS Fund, the Steering Committee recommends Learning to Give become a Supporting Organization of CMF as an intennediary step. �Board of Trustees Meeting M inutes- November 3, 2004 Page 6 Russ Mawby has agreed to serve as the Founding Honorary Chair, with Dottie Johnson and Jim Kelly serving as Co-Chairs. Jim Kelly noted the focus is to aggressively grow LTG building on the accomplishments in Michigan and now in Indiana. RESOLVED that the Learning to Give Initiative become a supporting organization of the Council of Michigan Foundations with appropriate transfer of grants and contractual obligations as reviewed by legal counsel and approved by current funders of the Initiative. RESOLVED further that the following individuals be appointed as founding Trustees for the terms as designated, with the bylaws designating that the president of the Council of Michigan Foundations (CMF) shall serve as the common trustee to CMF: One year Dorothy A. Johnson, trustee, W.K. Kellogg Foundation Robert S. Collier, president, Council of Michigan Foundations Two years C. David Campbell, president, McGregor Fund Julie F. Cummings, trustee, The Max M. and Marjorie S. Fisher Foundation, Community foundation for Southeastern Michigan, Community Foundation for Palm Beach and Martin Counties Mark Murrray, president, Grand Valley State University Three years James A. Kelly, founding president, National Board for Professional Teaching Standards Rick Little, president, Imaginenations 32"d Annual Conference Noting that total attendance will be about 700, Conference Committee Co-chairs Russ Gabier and Sandy Ulsh encouraged Trustees to participate in sessions including the opening plenary with Dr. Mary Sue Coleman, President ofthe University of Michigan, and the Thursday luncheon with Hodding Carter Jr., President & CEO of the JohnS. and James L. Knight Foundation. They invited all Trustees to a reception with Dixie Carter, Hal Holbrook, Bill Gray and Dan Mulhern - the closing plenary speakers, on Friday. Public Policy Committee Committee Tri-Chair Dave Egner reported on the work of the Public Policy Committee, noting a recent meeting with staff of the Michigan Department of Labor & Economic Growth staff who confirmed they are conunitted to keep the Workforce Development Program moving. Julie Ford, Philanthropy Fellow, reported on the work of the Early Matters Sub-Committee, which recently published the report "Early Childhood Funding in Michigan: Finding from a 2004 Survey of Foundation. " �Board of Trustees Meeting Minutes- November 3, 2004 Page 7 Family Philanthropy Committee Committee Chair Jul ie Cummings noted that Trustee Betsy Upton Stover has accepted the invitation to be Co-Chair of the Committee next year. She commented on the Leveraging your Legacy brochure developed by the Be Ready By Five Subcommittee (included in the Trustee Materials) and mentioned the special reception being held later that day at the Annual Conference in the Family Foundations Hospitality Suite. President's Report Mr. Collier introduced Eric Muschler, Director of the Michigan IDA Partnership, who commented that total asset purchases now exceed $20 million in new mortgages. He also reported that one of the Regional Coordinating Organizations has received a national pilot grant from the federal government for the SEED Initiative, a national policy initiative of matched Education accounts for 3 & 4 year olds. Mr. Collier also noted: the success of the weekly e-new articles being prepared by Mike Gallagher, Editorial Consultant, and the special corporate seminar sponsored by the General Motors Foundation going on at the same time as the Board Meeting - Leveraging Corporate Philanthropy with Marketing Dollars. Adjournment The next regularly scheduled meeting of the Board of Trustees will take place Thursday, March 3, 2005 at the University Club in Lansing. There being no further business to come before the Board, Chair Taylor adjourned the meeting at 11 :1 5 a.m. S. Martin Taylor, Chair Robert S. Collier, President �lfi4~AII! Council of ~ YaF ~~~~~~ons Sen-1'n g gtontmo l:r~ A.d wm Organizational Chart dng g }ving. Supporting Organizations MCFV Michigan AIDS Fund Director of TP.r.hnology Data Application Specialist (part-time) Public Policy Fellow Editorial Consultant Communications Associate Office Manager Executive Assistant Student Assistant (Part-time) S:\Boards and Committees\CMF\Board\2004-05\3.3.05 Meeting Materials\CMF Organizationa l Chart 12-043 Looming to G ive � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Our State of Generosity Creator An entity primarily responsible for making the resource Grand Valley State University. Dorothy A. Johnson Center for Philanthropy Description An account of the resource Collection contains the records of four Michigan nonprofit organizations: Council of Michigan Foundations, Michigan Nonprofit Association, Michigan Community Service Commission, and the Johnson Center for Philanthropy at GVSU. The documents are compiled by the Johnson Center for Philanthropy, and records document the history of the organizations from the 1960s to the 2010s. Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant 1968-2014 Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Council of Michigan Foundations Michigan Nonprofit Association Michigan Community Service Commission Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Michigan Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 49401 Contributor An entity responsible for making contributions to the resource Council of Michigan Foundations; Michigan Nonprofit Association; Michigan Community Service Commission Identifier An unambiguous reference to the resource within a given context JCPA-04 Language A language of the resource eng Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context JCPA-04_CMF_2005_BB_2005-03-03_Previous-Board-Minutes Title A name given to the resource Council of Michigan Foundations 2005-03-03 board book previous board minutes Creator An entity primarily responsible for making the resource Council of Michigan Foundations. Board of Trustees Description An account of the resource Council of Michigan Foundations 2005-03-03 board book previous board minutes. Records are compiled in the Our State of Generosity collection by the Johnson Center, along with the files of the Michigan Nonprofit Association (MNA), the Michigan Community Service Commission (MCSC) and the Dorothy A. Johnson Center for Philanthropy. Originals are at the Council of Michigan Foundations. Subject The topic of the resource Dorothy A. Johnson Center for Philanthropy Charities Philanthropy and Society Fundraising Records Council of Michigan Foundations Michigan Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource Text Language A language of the resource eng Publisher An entity responsible for making the resource available Grand Valley State University Libraries, Special Collections and University Archives, 1 Campus Drive, Allendale, MI, 50591 Rights Information about rights held in and over the resource <a href="http://rightsstatements.org/page/InC/1.0/?language=en">In Copyright</a> Source A related resource from which the described resource is derived <a href="https://gvsu.lyrasistechnology.org/repositories/2/resources/515">Our State of Generosity collection, JCPA-04</a> Date A point or period of time associated with an event in the lifecycle of the resource 2005-03-03