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Professional Advisor Insider
In This Issue
Investment Advisory Committee Members

Robert J. Dolan, Chair 
Conrad Siegel Actuaries
 
Robert E. Caplan, CFA 
FMA Advisory, Inc.

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 (Retired)

Jonathan Vipond, III, Esq.
Buchanan, Ingersoll
& Rooney, P.C.


Jonathan Williams, CFA, CFP
PNC Wealth Management
Meeting Dates  
 
January 20, 2015
April 21, 2015
July 21, 2015
October 20, 2015
 
All meetings take place at TFEC offices located at
200 N 3rd St, 8th Fl
Harrisburg, PA 17101.

2015 First Quarter Edition
Quarterly Update from the IAC
The past year has been a good year for investors in the US as the Dow Jones Index Fund was up by almost 10% for the year and the S&P 500 Index Fund was up more than 13%. The bond market remains strong, as interest rates of all durations remain at historically low levels. The international equity markets and domestic small caps have not fared as well; you can see the net effect in our Fund E results included in this report. In spite of this one year blip in large cap domestic stock prices we have remained in our asset allocation model for the long term return on assets. We continue to have both stock funds that invest in the international market and funds that invest in small cap stocks in our portfolio. The common stock allocation has not deviated from our plan.
 
TFEC's Investment Performance
Average Returns vs. Benchmarks
(12/31/14 Returns are YTD & 1-3-5-10-19 Returns are as of 12/31)

 12/31/141 Yr3 Yrs5 Yrs10 Yrs19 Yrs
Model E8.4%8.4%18.6%14.0%7.6%8.6%
Benchmark*7.0%7.0%17.9%13.3%7.0%8.3%
*55% S&P 500, 25% Russell 2000, 20% MSCI-EAFE
Model A5.9%5.9%13.3%10.4%6.7%7.9%
Benchmark*5.9%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 F2.8%2.8%1.9%3.1%3.6%N/A
Benchmark*6.0%6.0%2.7%4.4%4.7%N/A
*100% BarCap US Aggregate Bond
Charitable Remainder Trusts: Contribute Today, Benefit for a Lifetime
In deciding how to give, donors have an increasing number of options at their disposal. The variety, however, can be daunting. While the right giving vehicle is out there, too many choices can breed confusion and leave donors wringing their hands, each palm weighing a hefty pile of pros and cons. Who will manage my money? How will it be invested? What will be my legacy?
 
Emerging Philanthropist Program
2015 EPP Class
2015 EPP Class
TFEC and Harrisburg Young Professionals (HYP) are pleased to announce the graduation of 12 individuals from the inaugural Emerging Philanthropist Program class of 2014 on December 11, 2014. For more information about the program, please click here.

Their culminating experience was to apply their newly learned community and grantmaking skills by awarding a $5,000 grant to Samara, a local nonprofit organization, for their Intensive Parenting Program. For more information about Samara and how they were selected, please click here.

In an effort to continue benefitting the Harrisburg community, the inaugural Emerging Philanthropist Program class created the Emerging Philanthropist Fund. A committee of individuals from the inaugural class and each successive class oversees this fund. This fund will be used to make charitable contributions in the community at the committee's discretion. If you would like to contribute to the Emerging Philanthropist Fund, please click here.

We are pleased to announce that the Emerging Philanthropist Program will continue in 2015 in partnership with HYP. On February 10, 14 new HYP members embarked on a 10 month program similar to the 2014 EPP class. Stay tuned for more information to come about this exciting new group of emerging philanthropists!
Women's Fund Update
Register today for the Women's Fund Annual Grantee Recognition Breakfast on March 3, 2015 at the Hilton Harrisburg.

Date: Tuesday, March 3, 2015

Time: 7:30 - 9:00 am

Location: Hilton Harrisburg

Cost: $40/person

Location: Hilton Harrisburg

R.S.V.P.: Please contact Mark Bradshaw at 717.236.5040 or mbradshaw@tfec.org by February 24.

Please click here for more information about the Women's Fund.
Regional Foundations
Camp Hill Community Foundation
The Camp Hill Community Foundation welcomed three new members to the Advisory Committee: Tom Johnston, Dennis Lebo and Jill Williamson. The Advisory Committee is excited to have these new members join the committee and look forward to a productive 2015. For more information about the Camp Hill Community Foundation, please click here.

The Camp Hill Community Foundation is current accepting grant applications for consideration from nonprofit organizations that provide programs and services to Camp Hill residents. For more information about this current grant opportunity, please click here.
Franklin County Foundation
The Franklin County Foundation had their first meeting of the year on January 8 to discuss and develop their strategic plan for 2015. The Advisory Committee approved a plan to grow the regional foundation by helping Franklin County residents achieve their charitable goals. For more information about the Franklin County Foundation, please click here.
Mechanicsburg Area Foundation
The Mechanicsburg Area Foundation welcomed two new members to the Advisory Committee, Leslie Collins and Charles Shields III, as well as returning member Don Failor. Juanita Guise has been appointed the new Chair of the Advisory Committee, replacing Tita Eberly; Ms. Eberly will remain a member of the Advisory Committee; we thank her for her leadership. A new Vice Chair was also appointed, Scott Christ. The Advisory Committee said goodbye to member Elyse Rogers, whose term expired at the end of 2014; we thank her for her service. For more information about the Mechanicsburg Area Foundation, please click here.
Perry County Community Foundation
The Perry County Community Foundation welcomed four returning members to the Advisory Committee: Lenus Haines, Allen Hench, George Lyter and Jeff Mattern. The Advisory Committee met on January 14 to develop their strategic plan for 2015 which includes a newly created grantee awards luncheon in June and hosting an event for Perry County professional advisors in the fall; more information about these events will become available in the future. For more information about the Perry County Community Foundation, please click here.
Featured Stories
Donor: Mt. Gretna School of Art Fund
 
The Mount Gretna School of Art (MGSoA) is a new and innovative type of art program for the region designed to provide intensive art instruction to a talented and motivated group of students in an inspiring setting. MGSoA's vision is to become the pre-eminent school in the Mid-Atlantic offering an intensive summer immersion in landscape painting to a select group of highly talented students from across the USA and beyond. 
 
Nonprofit Organization:
Employment Skills Center

The Employment Skills Center (formerly the Carlisle Area OIC) has been in operation since 1967. Since their beginnings, over 47 years ago, they have helped nearly 15,000 residents with their educational and training needs. The recognized community leader for adult education training and programs in Cumberland County, Employment Skills Center (ESC) offers all services free of charge to participants. ESC's programs help remove participants from governmental assistance and place them into employment in family-sustaining wage jobs. The core programs offered by ESC include GED preparation classes, ESL (English as a Second Language), Basic Literacy, Nurse Aide Training and Employment, and Workforce Development. ESC exists to help those most in need of assistance to reach their educational and employment goals.

Scholarship Recipient:
B. Reed Alioth
 
What school are you attending?
York College of Pennsylvania
 
What is your Major/Minor?
Major: Nursing; Minor: None at this time
 
200 North Third Street, 8th Floor * Harrisburg, PA 17108 
Telephone: 717.236.5040 * Fax: 717.231.4463 
   
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The Foundation for Enhancing Communities | 200 N. 3rd Street, 8th Floor | PO Box 678 | Harrisburg | PA | 17108-0678