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 Dates
January 26, 2016
April 19, 2016
July 19, 2016
October 18, 2016
All meetings take place at TFEC offices located at 200 N 3rd St, 8th Fl
Harrisburg, PA 17101.
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| 2015 Fourth Quarter Edition |
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Quarterly Update from the IAC
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Hello all,
Well the calm first six months that I described in my July letter was quickly replaced with a volatile market which included some pretty wild swings in equity prices. First there was the thought that the Fed would raise the interest rate significantly, so the stock market dropped. That didn't happen so the market reversed its course.
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TFEC's Investment Performance
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Average Returns vs. Benchmarks
(9/30/15 Returns are YTD & 1-3-5-10-19 Returns are as of 12/31)
| | 9/30/15 | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | 19 Yrs | | Model E | -5.92% | 8.4% | 18.6% | 14.0% | 7.6% | 8.6% | | Benchmark* | -5.68% | 7.0% | 17.9% | 13.3% | 7.0% | 8.3% | | *55% S&P 500, 25% Russell 2000, 20% MSCI-EAFE | | Model A | -4.03% | 5.9% | 13.3% | 10.4% | 6.7% | 7.9% | | Benchmark* | -3.64% | 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 | 0.52% | 2.8% | 1.9% | 3.1% | 3.6% | N/A | | Benchmark* | 1.13% | 6.0% | 2.7% | 4.4% | 4.7% | N/A | | *100% BarCap US Aggregate Bond |
- Model E Asset Value: $30,557,770
- Model A Asset Value: $10,711,341
- Model F Asset Value: $706,080
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Support TFEC this Holiday Season!
Amazon will donate 0.5% of the price of your eligible AmazonSmile purchases to
The Foundation For Enhancing Communities
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Congratulations to Karen F. Snider!
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Ms. Snider has been a longtime friend of TFEC and we wish her the very best and congratulations for her very deserving recognition!
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TFEC Properties, Inc. November Breakfast
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TFEC Properties, Inc. recently held a breakfast for professional advisors, donors and nonprofit organizations to learn about helping donors achieve their charitable goals through gifts of real estate.
TFEC Properties, Inc. Real Estate Advisory Committee Chair Neal S. West and Advisory Committee Member J. Stephen Feinour provided information and insight on the policies and procedures of the real estate holding company. In addition, Mr. West and Mr. Feinour spoke on how the real estate holding company can benefit local professional advisors, donors and nonprofit organizations. TFEC Properties, Inc. can facilitate for gifts of real estate and provide management of real estate for the benefit of nonprofit organizations. Not only would this group be able to handle real estate transactions relating to 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 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 organization.
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1920 Legacy Society Luncheon
On October 8, TFEC hosted the 1920 Legacy Society Luncheon as a thank you to each of the members that are creating a legacy for our community through their will or planned gift. Guest speaker Glenn H. Holliman, a Legacy Society member from Newport, PA, talked about his experience in philanthropy and how estate planning or creating a charitable remainder trust are two additional ways individuals can make a commitment to bettering their communities in perpetuity.
Donors who make a planned gift or remember TFEC in their wills are invited to become members of our 1920 Legacy Society. Members of the 1920 Legacy Society receive special recognition in our Annual Report, invitations to all TFEC events, and a special luncheon and gift to thank them for their planned gift.
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Emerging Philanthropist Program Awards $5,000 to YWCA Greater Harrisburg
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The Emerging Philanthropist Program (EPP), a partnership between The Foundation for Enhancing Communities (TFEC) and Harrisburg Young Professionals (HYP) awarded the YWCA Greater Harrisburg a $5,000 grant for their YouthBuild program.
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U.S. Department of Education Visits TFEC's Parents & Partners Program
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TFEC President and CEO Janice R. Black joined Pennsylvania Department of Education Secretary Pedro A. Rivera, U.S. Department of Education's Early Learning Deputy Assistant Secretary Dr. Libby Doggett and other local and federal representatives to visit TFEC's Parents & Partners early learning family support initiative on September 9. The Parents & Partners initiative is one of twelve initial Pennsylvania's Community Innovation Zone grants, funded partially through the state's Race to the Top-Early Learning Challenge grant.
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On Sept. 29, TFEC welcomed Heather LaManna to the team as the new Executive Assistant. Prior to joining TFEC, Heather worked diligently as an Office Manager for a very successful dental office in Camp Hill. Heather is responsible for a great deal of things here at TFEC, but she is instrumental in expressing TFEC's gratitude as the correspondence liaison. We appreciate ALL donations and feel it is extremely important to show that appreciation to each and every donor.
On Nov. 25, Jamie Kopko, Communications Officer will be leaving TFEC for a new opportunity in government relations. We wish her the best of luck in this next chapter of her life!
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New Career Opportunity with TFEC
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We're looking for a Scholarship Associate!
We're seeking a highly motivated, organized and dedicated individual who can work independently under a sense of urgency and be thoughtful and sensitive to our family of donors. Under the supervision of the Asset Development and Scholarship Officer, this position will be responsible for administration of the TFEC scholarship program. Duties include: promotion of scholarship opportunities, reviewing & processing all applications, working with various committees, managing payment process and maintaining accurate records. Interested? Click here to learn more and apply! Last day to reply is Nov. 27.
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TFEC Awards more than $1.2 Million in Scholarships to 417 Local Students
TFEC offers over 100 scholarship opportunities through various scholarship funds and management agreements. All scholarships have been established by local individuals, corporations or organizations to assist students with their educational pursuits. Visit our website to learn more.
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The Women's Fund recently awarded grants on Nov. 19 in the amount of $18,300 to 10 local nonprofits helping women and girls in Central PA, click here to read the full article.
TFEC and Dress for Success South Central PA Make Strides in Partnership to help Women, click here to read the full article.
If you missed the event or some of our great media coverage, you can click here to see us on Good Day PA or
Save-the-Date for our 2016 Annual Grantee Recognition Breakfast
Please join us as we celebrate our 2015 grantees and their efforts to empower and impact the lives of women and girls in Cumberland,  Dauphin, Franklin, Lebanon and Perry counties.
Date: Wednesday, March 16
Time: 7:30 a.m. - 9 a.m.
Where: Harrisburg Hilton
Costs: $50/person
In 2016, the Women's Fund will be unveiling new giving levels to recognize the growing impact of Dream Team members that are taking the fund to new heights through their continuous generosity and contributions.
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Pictured individuals- Left to right - Camp Hill Borough Council President Peter Robelin, Camp Hill Superintendent Dave Reeder, Lion Foundation Executive Director Robin Jones, CHCF Chair Richard Woodard, CHCF member Tom Johnston_ and Camp Hill High School Tennis Coach Greg Herb.
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Camp Hill Community Foundation (CHCF) presented a check for $5,320 to The Lion Foundation for benches and a hitting backboard for the Camp Hill Borough Siebert Park Tennis Courts.
"The Camp Hill Community Foundation is excited that the grant to The Lion Foundation has been a great improvement for many residents and school students in the area," said CHCF Chair Richard Woodard. "We strive to make grants to organizations and partners that do just that and this has been a great partnership."
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Franklin County Foundation (FCF) awarded a total of $53,833 to support 13 nonprofit organizations that enhance or benefit the lives of citizens in the Franklin County region on October 23.
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Mechanicsburg Area Foundation
(MAF) recently announced 15 grant awards totaling $44,782 have bee n granted to support nonprofit organizations that enhance or benefit the lives of citizens in the Mechanicsburg area. Click here to learn more MAF grant recipients.
In addition, MAF released its 2015 Annual Report with information about their 2015 donors, news funds established and grants made over the past three years. MAF hosted their Annual Luncheon for the 2015 Grant Presentation Program on November 10.
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Perry County Community Foundation (PCCF)
Advisory Committee recently hosted a networking mixer for Professional Advisors in their region on Oct. 29.
The PA Mixer offered an opportunity for PCCF to educate local professional advisors about how PCCF can partner with all types of professional advisors (attorneys, accountants, financial planners, brokers, insurance agents, and others) as they help their clients incorporate charitable giving as an integral part of financial and estate planning activities.
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 Nonprofit Organization:
Tri-County OIC Adult Learning Center
Since 1965, Tri-County OIC Adult Learning Center has provided quality academic, vocational, workforce, and family education classes. They offer programs to help students achieve basic literacy skills, basic workplace foundation skills, or family literacy skills; earn the GED® equivalency diploma; and acquire vocational skills. Tri-County OIC's mission is to deliver high quality, learner-focused education and training services.
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