Investment Advisory Committee Members
Robert J. Dolan, Chair
Conrad Siegel Actuaries
Robert E. Caplan, CFA
River Wealth Advisors
Joy B. Dougherty
Morgan Stanley
Frederick D. Fischer
Fischer Financial Services, Inc.
Howard Hamann
Hershey Company (Retired)
Glenn P. Heisey
Capital BlueCross
Kenneth E. Lehman
Lehman Volvo (Retired)
William Lehr, Jr.
Capital BlueCross (Retired)
Peter J. Ressler, Esq.
Mette, Evans & Woodside
Conrad M. Siegel
Conrad Siegel Actuaries
Jonathan Vipond, III, Esq.
Buchanan, Ingersoll
& Rooney, P.C.
Jonathan Williams, CFA, CFP
PNC Wealth Management
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Meeting Date
October 20, 2015
All meetings take place at TFEC offices located at
200 N 3rd St, 8th Fl
Harrisburg, PA 17101.
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| 2015 Third Quarter Edition |
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Quarterly Update from the IAC
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I hope everyone is enjoying our summer season, I know for me and my family it is an enjoyable time of year. The pace is a bit slower and life is a little calmer. Sometimes markets take vacations also, and maybe that is what has happened over the last few months.
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TFEC's Investment Performance
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Average Returns vs. Benchmarks
(6/30/15 Returns are YTD & 1-3-5-10-19 Returns are as of 12/31)
| | 6/30/15 | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 19 Yrs | | Model E | 2.94% | 8.4% | 18.6% | 14.0% | 7.6% | 8.6% | | Benchmark* | 2.87% | 7.0% | 17.9% | 13.3% | 7.0% | 8.3% | | *55% S&P 500, 25% Russell 2000, 20% MSCI-EAFE | | Model A | 2.30% | 5.9% | 13.3% | 10.4% | 6.7% | 7.9% | | Benchmark* | 2.15% | 5.9% | 13.2% | 10.5% | 6.6% | 7.9% | *34% S&P 500, 19% Russell 2000, 17% MSCI-EAFE,
30% BarCap US Aggregate Bond | | Model F | -0.25% | 2.8% | 1.9% | 3.1% | 3.6% | N/A | | Benchmark* | -0.10% | 6.0% | 2.7% | 4.4% | 4.7% | N/A | | *100% BarCap US Aggregate Bond |
- Model E Asset Value: $33,597,149
- Model A Asset Value: $11,467,388
- Model F Asset Value: $703,917
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Management Services, Opportunities for Nonprofits and Foundations
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The Foundation for Enhancing Communities (TFEC) can perform many internal business functions for independent nonprofit organizations and foundations. Under this kind of arrangement your organization remains the legal owner of its financial assets and maintains its own governing body. TFEC provides a selection of services for a fee guided by a Management Services Agreement.
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TFEC Properties, Inc. Mixer
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 A reception was held on June 3 for the Advisory Committee of TFEC Properties, Inc., a 501(c)(2) title holding company that supports The Foundation for Enhancing Communities. The reception provided valuable networking opportunities and presentations from those on the committee, in addition to discussion on some of the benefits and opportunities TFEC Properties, Inc. can provide as another giving option. TFEC Properties, Inc. can facilitate for gifts of real estate and provide management of real estate for the benefit of other nonprofit organizations. Not only would this group be able to handle real estate transactions relating to the TFEC funds, but it could also be the holding entity for donations to benefit other qualified nonprofit organizations. TFEC Properties, Inc. is able to oversee, analyze and manage properties making a donation of real estate easy. Additionally, donors can be rest assured that their gift will be handled properly by TFEC's professional knowledge and skill in inspections, analysis of studies and reports, and the leasing or sale of the property. Nonprofit organizations that are to receive the economic benefits of gifted real estate can rely on TFEC Properties, Inc. to hold and manage those properties for the benefit of the nonprofit organization. TFEC Properties, Inc. will be working with professional advisors, donors and nonprofit organizations to educate them on this new philanthropic opportunity. |
 Keeping it in the Family There are many ways to give and unlike many misconceptions about philanthropic endeavors, you don't have to have a lot of money to make an impact. That is why many community foundations are encouraging citizens to take an active role in charitable giving through involving their whole family.
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Be a Part of Our Legacy
Do you have any clients that have made planned gifts to TFEC? Often these gifts are deferred based upon personal estate planning and the income needs of the donor. Even though gifts might be deferred, the gifts could have immediate tax benefits. Deferred gifts include bequests, charitable remainder trusts, charitable annuity remainder trust, charitable lead trusts and real estate with retained life interest. Donors who make a planned gift or remember TFEC in their wills are invited to become members of our 1920 Legacy Society. Let us know if a client of yours would like to be in our 1920 Legacy Society by emailing info@tfec.org! We would like to celebrate them in their lifetime, if so desired. |
2014 Charitable Giving Highlights
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Giving USA recently released the 2015 overview with findings about charitable contributions made during 2014. A total of $358.38 billion was distributed to nonprofit organizations with 15% of contributions derived from community foundations. They noted that "the single largest contributor to the increase in total charitable giving in 2014 was an increase of $13.88 billion in giving by individuals - 58 percent of the total change between 2013 and 2014." The largest four categories receiving charitable monies were religion at 32%, education at 15%, and human services and gifts to foundations tied at 12%. The report highlighted that "Rising 9.2 percent in 2014, estimated giving to arts, culture, and humanities saw the highest increase in giving among all subsectors."
Click here for the full highlight report.
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Emerging Philanthropist Program
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Panelists speak to their experiences in encouraging millennial philanthropy.
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On June 16 the Emerging Philanthropist Class of 2015 met with a great group of individuals who have active roles in our community to hear their experiences on engaging the next generation, getting involved and giving back!
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Parents & Partners: Summer Fun
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Parents & Partners, TFEC's early childhood initiative has had a very busy spring and summer is just as exciting! Parents & Partners provides support for the whole family, broadens community resources by giving children and their families the tools they need to be successful, and builds strong partnerships between the community, early learning providers, and schools.
Click here to read the whole article.
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On May 29, TFEC welcomed Jamie Legenos to the team as the new Communications Officer. Prior to joining TFEC, Jamie worked for the Pennsylvania Department of Transportation's communication team and with the Department of Environmental Protection. Jamie is excited to work with staff to further TFEC's initiatives in enhancing the lives of those in our local communities.
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"Arts for All" Partnership Grants Announced!
The Cultural Enrichment Fund (CEF) and The Foundation for Enhancing Communities (TFEC) are pleased to announce 20 grant awards totaling $57,190 to support local nonprofit organizations that support and provide arts and cultural programming in the capital region. Visit our website for the full list of grant recipients.
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In 2014, the Women's Fund provided financial support to the Institute for Women's Policy Research (IWPR) for their Status of Women in the States: 2015 report. In May, the final report was released focusing on work and family. According to the report, Pennsylvania ranks 33 in the United States earning a D+ on work and family for women. Please click here to learn more about the Status of Women in the States.
It's almost here! Mark your calendars, grab your purses and register for the Power of the Purse 2015 event on September 15 at 5:00 p.m. at the Hershey Lodge! This year, we're teaming up with Dress for Success  South Central PA to make the most of this event by requesting that our guests donate a softly worn purse for women in need.
Click here to register!
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| | CHCF presents grant check to New Hope Ministries. |
Camp Hill Community Foundation (CHCF) is continuing to grow the membership of their advisory committee. If you or someone you know lives in or around Camp Hill and is interested in taking an active role in helping and improving their community, then let us know at info@tfec.org. Presently, the Advisory Committee includes Richard Woodard, Chair, Nancy Besch, Henry Cohen, Dennis Lebo, Tom Johnston, Barbara McLemore, David Reager, Jill Williamson and Kathy L. Pape, ex officio.
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Franklin County Foundation (FCF) invites Franklin County nonprofits to apply for grant opportunities. Any nonprofit organization directly benefiting Franklin County citizens may request funds through the application process. FCF's unrestricted funds may be used to make grants to any qualified charitable organization for any charitable purpose.
Applicants must either be a registered 501(c)(3) nonprofit organization, or have a registered 501(c)(3) nonprofit organization act as a fiscal sponsor for the proposed project.
Applications must be submitted through TFEC's online application system by Aug. 24, 2015. Notification of grant awards will be made in October 2015. Organizations interested in applying should visit www.tfec.org to learn how to apply and review the grant guidelines.
The Franklin County Foundation funds come from bequests and gifts given by individuals, families, organizations, and institutions and are held by The Foundation for Enhancing Communities. The FCF Advisory Committee determines the distribution of the income from the investment of the discretionary funds.
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Mechanicsburg Area Foundation (MAF) hosted one of their
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MAF Committee enjoying the mural made possible by their grant.
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advisory committee meetings at the Kindergarten Academy at Filbert Street to learn more about their grant funded program and to enjoy the beautiful mural created by kindergarten students as a result of a MAF grant in the amount of $2,000 for the Murals and Math program.
The grantee, Jump Street, is an Arts in Education (AIE) Partner with Pennsylvania Council on the Arts and the project was a unique vision to expand the role of the arts in classrooms and community centers with an educational partnership between teachers and artists. The collaboration between the Kindergarten Academy at Filbert Street, Jump Street and Sprocket Mural Works engaged kindergarten students to better understand math concepts with the use of visual art.
MAF is also accepting grant applications from nonprofit organizations directly benefiting Mechanicsburg area citizens. Applications must be submitted through TFEC's online application system by Aug. 24, 2015. Notification of grant awards will be made in October 2015. Organizations interested in applying should visit www.tfec.org to learn how to apply and review the grant guidelines.
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Perry County Community Foundation (PCCF) Advisory Committee presented awards to their 2015 grant recipients. PCCF strategic grantmaking focus is to invest in innovative, collaborative approaches and solutions to community problems, with the goal of funding programs and services with the potential for the greatest impact on the quality of life and positive outcomes for individuals and families living in Perry County.
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PCCF Chair Tom Cook presents Healthy Steps Diaper Bank with grant for Critical Diaper Need Project.
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PCCF received grant requests totaling over $25,000. Grantees for funding in 2015 include arts & cultural organizations, human services providers, education opportunities, and more. A total of $17,797.65 was awarded to the following nonprofit organizations:
- Arc of Cumberland and Perry Counties, $978.15 for their Early Education Center of Perry County;
- Employment Skills Center, $2,000.00 for the Nurse Aide Training and Employment program;
- Healthy Steps Diaper Bank, $1,000.00 for the Critical Diaper Need project;
- Historical Society of Perry County, $1,884.50 for the Dromgold Heating/Air Conditioning Project;
- Pennsylvania Family Support Alliance, $3,000.00 for The Front Porch Project;
- Perry County Council of the Arts, $1,500.00 for an Arts-in-Education Residency (Historical Mural at West Perry);
- Perry County Food Bank, $1,560.00 for the Plant, Prepare, Partake program - Better Living Through Nutrition and Exercise;
- Perry County Literacy Council, $2,000.00 for the 2015 Community Literacy Partners in Technology Education program;
- Perry Human Services, $875.00 for "Heroin/Prescription Drug Addiction-It's a Perry County Problem";
- Rebuilding Together Greater Hbg Inc, $1,000.00 for the Home Repair Program;
- Retired Senior Volunteer Program of The Capital Region Inc, $1,500.00 for The Plant Zone - afterschool and summer program; and
- Ronald McDonald House Charities of Central PA, $500.00 for The House that Love Built.
Additional funding opportunities are available through The Foundation for Enhancing Communities throughout 2015. Organizations should visit www.tfec.org to learn how to apply and review grant guidelines.
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 Nonprofit Organization:
YWCA Carlisle
The mission of YWCA Carlisle is the elimination of racism, the empowerment of women and girls, and the promotion of peace, justice, freedom, and dignity for all. YWCA Carlisle has in its 96th year providing the local community with quality programming including a preschool, youth programs, summer camps, and adult programming. Additionally, each local YWCA, including YWCA Carlisle, offers programs focused on racial and social justice issues and women's economic empowerment.
Click here to read the full article.
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