Professional Documents
Culture Documents
Current
John Canepa
honored
with Chaille
Community
Philanthropy
Award
4 5 6-7 8
About the Cover
Features
Long time Grand Rapids 3 Visit from Community Experience Partnership Participants
Community Foundation 4 Considering Giving a Gift of Stock?
supporter John Canepa was
5 Kent County College Access Network Receives Grant
given the Jack Chaille
6-7 Photos from our 2010 Donor Party, John Canepa Receives the Chaille Award
Community Philanthropy
8 New Grants Abound
Award at this year’s donor
9 Metz Society Profile: Dr. Jim and Janet Watkins
party held at the UICA.
11 The Next Generation: Will they Love Grand Rapids? Diana Sieger’s Letter
facebook.com/GRCommFound
@GRCommFound
This is Leadership
A
mongst the ArtPrize and knew the community was ready transformation in various ways, from
crowds on September 27 to share our successes,” Kate said. educating residents about energy
and 28 was a special group efficiency to expanding outreach to
After a bus tour of Grand Rapids
of visitors. Loaded into a former residents to ensure housing
highlights, participants learned how
charter bus, the group wound its way stability.
local nonprofits are engaging
around Grand Rapids for two days.
experienced adults to eliminate “When other communities look at how
Inside were foundation professionals
homelessness. They made site visits to solve problems, we hope they’ll ask
from across the U.S. They visited Grand
and heard presentations by Grand themselves how we can use the power
Rapids to learn about our community,
Rapids Area Coalition to End of older adults to make change. I’ll tell
particularly our efforts to engage
Homelessness, Habitat for Humanity them, ‘Go ask the community of Grand
experienced adults (people ages 50 and
of Kent County, Grand Rapids Area Rapids, because they know how to do
older) in important community issues.
Center for Ecumenism’s Congregational it,’” said Stacy Easterling, Atlantic
Grand Rapids is one of nine U.S. Partnership Program and Well House. Philanthropies program executive.
communities participating in the
Community Experience Partnership
(CEP) through Atlantic Philanthropies.
CEP’s primary purpose is to challenge
communities to engage experienced
adults in meaningful work—because
they have an incredible pool of
knowledge, experience and dedication.
CEP teaches communities how to draw The group toured a Habitat building site The visit also involved trainings and
on these qualities to create true change. where members of Habitat’s Carpenters discussions with the local CEP technical
Each community foundation in this Club spoke about their experiences. The assistance partners—Johnson Center for
partnership is addressing a different Carpenters Club program was developed Philanthropy and Heart of West
issue. Grand Rapids is focusing on to train experienced adults as team Michigan United Way’s Volunteer Center.
housing issues and homelessness, led by leaders. Habitat for Humanity of Kent
The CEP project is yet another way in
Kate Luckert Schmid, a Grand Rapids County Executive Director Mary Buikema
which the Community Foundation is
Community Foundation program director. spoke about how invaluable these
taking a leadership role on aging issues.
dedicated volunteers have become.
CEP participants learn about best As baby boomers head towards
“Our site supervisors have started
practices and program development retirement, they want and need
fighting over who gets these folks on
on site visits to partner foundations. meaningful work for their next life
their teams,” Mary said, laughing.
The Grand Rapids site visit was the stage. Kate Luckert Schmid and the
second for the CEP partners. The first The group also visited Well House, Community Foundation are helping to
was in Los Angeles. where Director Judi Buchman led a ensure Grand Rapids is a great place for
facility tour. Well House is transitioning people to spend their “encore” years. n
“Following Los Angeles is a big challenge. from a temporary shelter to providing
But I was excited to showcase the permanent housing options. Experienced
innovation occurring in Grand Rapids adults are helping to lead this
Taking Stock
on Gifts of Shares
appraisal of the stock that will satisfy charities they support. It requires a bit
the Internal Revenue Service that more involvement,” he said.
you’ve done homework about the
valuation,” Robert said. While HAVE FUN!
donations of private stock are “When working with my clients I tell them
not to get completely wrapped up in the
T
less common, they do tend to
here are many tax advantages, though they are important.
represent larger gifts to
options for year-end People should give because they believe
charities. Both types of stock
gifts to the Grand in the cause and want to be involved. I tell
are treated the same by the IRS
Rapids Community my clients to have fun, and that can mean
when donated to a public charity.
Foundation—and one that is different things to different people. I
always popular is a gift of THE DOUBLE BENEFIT encourage them to engage in a dialogue and
appreciated stock. The Community Charitable contributions of appreciated stock to learn a lot about the work the nonprofit
Foundation is experienced in accepting provide two probable income-tax advantages. or the Community Foundation does in the
stock gifts and is happy to facilitate a The first is a charitable deduction—normally community,” Robert said. “I’ve worked with
transfer. Gifts of stock can be placed in for the fair market value of the stock at the the Foundation on a number of these kinds of
any existing Community Foundation fund time of the gift, subject to certain tax law gifts and I’ve found them good to work with;
including the Fund for Community Good. limits. The second benefit is the donor is not willing and able to help me help my clients
If the stock amount is over $50,000 a taxed on the capital gain that would result have fun being philanthropic.”
personal endowment such as a donor from the sale of the stock.
advised fund may be created. Robert W.
THE LOGISITICS OF A TRANSFER
Schellenberg, CPA with Schellenberg & CARRYING FORWARD A STOCK GIFT
Evers, P.C., gave a few points to consider Most brokers can electronically transfer
“Typically, a gift of appreciated stock is
when giving stock to the Community shares to the Community Foundation for you
subject to the 30 percent AGI (adjusted gross
Foundation or another nonprofit. and the process is quite simple. Development
income) limit when gifted to a 50 percent
staff can provide account numbers for you.
limit organization (public charity). With other
FOCUS ON APPRECIATED STOCK Mutual funds can also be transferred, but the
types of gifts (cash, household gifts, etc.)
“Most importantly, a gift of stock to a charity process can take up to eight weeks and
you cannot deduct more than 50 percent of
should be considered when the stock is contact with the Community Foundation
AGI in one year. So when making a gift like
highly appreciated. In today’s market this has development staff is important to facilitate
this you need to look at all your other
to be carefully reviewed as many people have the process.
income, salaries, wages, interest, dividend
stock that has lost value,” Robert said. Giving income and other capital gains. But you are If you have paper stock certificates you wish
stock that has lost value can be done, but it allowed to carry the unused deduction to gift, contact Community Foundation staff
is similar to giving cash in that the donor can forward for five years,” Robert said. for instructions on the best way to make
take the charitable tax deduction only and that transfer.
other tax advantages are lost including the CREATING A FUND FROM STOCK
Before you make a gift of stock, especially if
ability to deduct the loss if there is one. “By A large gift of stock can be used to create
the gift is significant to you, be sure to talk
giving stock, you are essentially getting rid a personal endowment such as a Donor
with your financial advisor and a member of
of the capital gains tax,” Robert said. Advised Fund. These funds are particularly
the Community Foundation development staff.
attractive because the donor has control over
KNOW THE VALUE OF YOUR STOCK To ensure that stock gifts are received by
where the money will go. Another advantage
“Making a gift of publicly traded stock is is that the donor doesn’t have all the December 31, transfers should be initiated
easy. It just involves a call to your broker administrative costs and issues that come by December 15 if possible. n
who will determine the value of the stock with a private foundation,” said Robert. He
and initiate the transfer. It becomes more noted that donors need to be doubly involved
complicated with stock that is not traded or when they create a donor advised fund.
is privately-held. These types of transfers “People will have a relationship with Grand
require a qualified independent Rapids Community Foundation and with the
W
hat will it take to prepare our community’s next The leadership team has three targets for its 2011 activities:
generation for tomorrow’s workforce? This question • Remove financial barriers by increasing families’
and how we respond matters to the Community financial awareness and helping students apply for
Foundation—the prosperity of young people will strengthen financial aid.
families, neighborhoods and lift the community as a whole. • Remove awareness barriers by engaging and assisting
One ingredient for future success is a college degree or post- students to complete the critical steps for college entry.
secondary training. Grand Rapids Community Foundation is • Remove aspirational barriers by building and supporting
proud of its efforts to increase access to college, particularly students’ college-going aspirations.
among low-income and first-generation college students. We’ve
worked to increase scholarships to these students most in need. “Though we are happy to have taken a leadership role in
Now the Community Foundation is taking this work a step forming KCCAN, this project is larger than just the Community
further, by convening and launching Kent County College Access Foundation. It has been exciting to work with community
Network (KCCAN). partners to grow this grassroots effort,” Ruth Bishop said. n
KCCAN is a consortium of local organizations committed to
enhance and connect programs that inspire low-income and
first-generation students and their families to access, enroll and
succeed in college. This September, the Community Foundation,
acting as fiduciary for KCCAN, received a $50,000 grant for
startup activities from Michigan College Access Network. The
KCCAN leadership team, a group of community members
invested in increasing college access, includes Ruth
Bishop, Community Foundation education
program officer.
The KCCAN leadership team used part
of its grant to recruit and hire Andrea
Kitomary, who began work on October 25
as the network’s part-time coordinator.
Andrea most recently worked as consultant for
a school-based youth program in the Wyoming
School District, providing evaluation and
assessment. Before that she was an instructor
Andrea Kitomary
and academic advisor at Calvin College and
Grand Valley State University.
“There is a nationwide call to increase the number of people
with college degrees to 60% by 2025, and KCCAN is an
important part of the local response to that call. I am excited to
help launch this initiative in the community,” Andrea said.
John Canepa:
2010 Jack Chaille
Community Philanthropy
Award Winner
T
he only way you to fruition, including DeVos
know John Canepa Place, Van Andel Arena,
isn’t a Grand Rapids Grand Rapids Civic Theatre
native is his distinctive and Michigan State
Boston accent. He will tell University School of Human Diana Sieger, Nikki Outhier, Marie and John Canepa
Greg Sundstrom, Audrey Sundstrom and Eddie Tadlock Mary Copeland, Marilyn Zack and Bessie Ward
Marcie Lewis, Phyllis Tillman and Eva Aguirre Cooper Stella and Chuck Royce, Kevin Harmelink
D
r. Jim and Janet Watkins will use our gift where it is needed most.” an urban renewal. Janet recalls visiting
describe themselves as the Grand Rapids Art Museum and seeing
Jim and Janet hail from the east side of
ordinary people who have a an exhibition of contemporary sculpture,
the state. Janet grew up in Birmingham,
great deal of enthusiasm, but sponsored by the Women’s Committee of
but traveled during her childhood as
the truth is their zest for Grand Rapids is GRAM. That show, paired with community
required by her father’s job as a
quite extraordinary. pride among people they met, sealed the
commercial photographer for the Navy.
deal for the Watkins. Grand Rapids bested
After raising their children in East Grand An only child, Janet
Madison, Wisconsin, and
Rapids, Jim and Janet opted for an urban recalls a cultural
Denver, Colorado, in the
lifestyle. They’ve called their downtown upbringing
running for their new
condo home for the past 18 years and find surrounded by her “We’ve included
hometown. The family
it ideally situated for taking in all that parents’ friends, who designations in our estate
moved here in 1968.
Grand Rapids has to offer. “I can’t imagine were mostly artists plan for other organizations
willfully moving away from here. We love and writers. She Jim and Janet found the
close to our hearts, but
being in the middle of it all,” Janet said. followed in their community to be the ideal
we know the Community
footsteps and earned place to raise their children,
Friends and neighbors, including Chuck Foundation will use our gift
a design degree at Kathy, Bill, Chris and
and Stella Royce and Dirk and Victoria where it is needed most.”
University of Bridget. Their children and
Hoffius, and their estate planning
Michigan, where — Janet Watkins their families are now
attorney, Carol Karr, introduced the
she met Jim. spread across the country.
Watkins to Grand Rapids Community
Janet says they love coming
Foundation more than a decade ago. Jim Jim was raised in
back to visit and especially
and Janet are very active community Milford when it was a
enjoy spending time at the family’s cottage.
members. They frequent Community small farming community. While in
Foundation events and have decided to medical school, Jim’s father was called Besides their passion for their alma
leave a portion of their estate to the back to Milford to run the family mater, Jim and Janet are supporters and
Community Foundation’s Fund for business—a fuel, feed and seed supply fans of Grand Valley State University.
Community Good. store founded in the 1870s. Jim’s mother Janet serves as president of GVSU’s Grand
was a teacher and active community Forum, an educational outreach program
They favor education and cultural
advocate. Both Jim and his older brother for adults 55 and older.
causes, yet, as Jim explained, believe “the
were able to finish what their father had
strength of the Community Foundation “The community has been good for our
started, because they attended U of M
is in knowing what the needs are in the family and for us. We feel very attached
and became physicians. Between his
community. Our eventual gift will be to this area,” Jim said.
undergraduate work and medical school,
unrestricted because we trust the
Jim also served in the Navy. “There is a spirit here that we love sharing
professional staff and Trustees will know
with visitors from other places. People
what to do with it.” Janet added, “We’ve Jim trained in urology at the Cleveland
can make their dreams come true here.
included designations in our plan for Clinic before joining a practice in Indiana.
Anything is possible,” Janet said. n
other organizations close to our hearts, The opportunity to move on came in
but we know the Community Foundation 1967, as Grand Rapids was going through
Year-End
Giving
Dates to
Know
Gifts. Growth. Grants.
T
• Friday, December 24, 2010 he Kathryn and Dennis homelessness and promote
• Friday, December 31, closing at Sullivan Charitable permanent housing.
3:00 p.m. Fund at Grand Rapids
Since 1991, the fund has made
Community Foundation
grants totaling $431,416. The
Gifts to be credited for was established in 1991 with an
current fund balance, which
2010 tax returns must be: estate gift of $419,264.
continues to grow and provide for
• delivered to the Community Their fund is unique in that 50 the Sullivans’ philanthropic
Foundation by 3 p.m. on Friday, percent of it is restricted, meaning interests, has grown to just shy of
December 31, 2010 that half is set up to benefit in $625,000.
• postmarked on or before perpetuity the nonprofits closest to
The Sullivans were very private and
December 31 or given the Sullivans’ hearts: The Salvation
unassuming people, according to
online by 11:59 p.m. on Army; St. Bernard’s Parish in Irons,
December 31 Hilary Snell, the couple’s attorney.
Michigan; St. John’s Home; and St.
“I represented them for many years
Please note that complex Stephen’s Parish in Grand Rapids.
before they died. They were devout
gifts, such as a gift of stock, Each organization receives $3,000 to
Catholics who lived across the
may take longer to facilitate. If $4,000 a year from the Fund.
you are considering this type of street from St. Stephen’s church.
gift, please allow enough time The fund’s other half is a Field of The parish was a large part of their
for processing. If you have Interest Fund from which the lives,” he said.
questions about ideal timelines, Community Foundation makes
“The Sullivans were very good
please call the Community awards more broadly to charitable
people who managed their wealth
Foundation development staff at and educational programs of
well,” said. Hilary.
616.454.1751. religious organizations. Most
recently this fund portion has Mr. Sullivan was the manager of a
Thank you and happy holidays! supported a Lutheran Child and hardware store in Grand Rapids, but
Family Service of Michigan program little else is known about them,
to offer prevention services to including how they came to learn
families at risk of experiencing child of the Community Foundation.
College Scholarship
abuse and neglect. GRACE (Grand
Dates to Note: Rapids Center for Ecumenism)
The chart below shows how the
original gift has grown and has
received a recent grant to support
made grants since the fund was
the community’s effort to end
created. n
Applications available at
www.grfoundation.org/scholarships
Current
April 1, 2011
Application deadline
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M y C o mmu n it y M att e rs
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
P
eople in my field speculate quite And here’s another profound finding So, how does this relate to
often about the future of philanthropy. from two years of research. There’s a future donors?
Trying to know a little something significant correlation between people’s
about what the future holds provides a emotional connection to a community and We’ve known and understood from
competitive edge and some peace of mind. local economic growth. That is, those relationships with many donors that a desire
communities with higher levels of attachment to give to the community comes from two
We often ponder how up-and-coming donors also have higher levels of gross domestic things. First, people want to give back
will behave. Will today’s young people be as product growth. The study’s final year because a community has helped them
generous as past generations have been? will analyze which comes first, emotional prosper, usually in a business or profession.
Will the next generations of donors be as connection or economic growth. Second, people who give to us always
attached to place as our current donors are? express a deep connection to the Grand
We wonder about young people who leave These findings present a great opportunity Rapids area.
Grand Rapids for college or jobs. Will this for Grand Rapids Community Foundation and
place bring them back at some point— validate what we’ve been doing for years. If we continue to create a place that people
or are they gone for good? Some people think that funding the arts, love to live in, then future donors, like our
cultural competence, social enrichment and present donors, will want to give back. This
Research has been done about many of the environment is “nice, but not essential.” multigenerational shared desire will continue
these questions and behaviors and Grand This study proves that creating a place of to sustain and grow this place we care so
Rapids Community Foundation is working inclusiveness, fun and physical beauty is much about. n
to apply this knowledge to our work and more than nice. It’s vital to our present and
community. An ongoing study about why future prosperity.
people love where they live, Soul of the
Community, captured our attention. The
John S. and James L. Knight Foundation
commissioned the Gallup Poll to do this study.
To read more of Diana’s writing about philanthropy and social change issues her blog features regular postings.
It can be accessed at grfoundation.org/blog. Your comments on her postings are welcome and encouraged.
Grand Rapids Community Foundation
Nonprofit
185 Oakes Street S.W. Organization
Grand Rapids, Michigan 49503 U.S. Postage
P A I D
Grand Rapids, MI
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Requested
Up and Coming
in Grand Rapids