May 2013Vol 6, Issue 4
Give Door County
Door County
Community Foundation
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An endowment is perhaps the most misunderstood, yet critically important component of the financial health and future of a charity.

The confusion begins in that an endowment calls for a perspective on investing that is unlike anything you face when handling your own money. We humans have a defined life expectancy. When we're young we tend to be more aggressive with our investments because we don't need to draw any income off our assets. Our concern is appreciation. We want our principal to grow.

As we get older and retire, we become more conservative with those investments because we need them to produce a healthy income stream. Late in life we're not as concerned about growing our portfolio. We aren't going to live forever so we don't need our assets to last forever.

A charity has completely different perspective on investing its endowed assets. By definition, an endowment is a pool of money that is perpetual. It's supposed to last forever. It has to grow over time so that inflation doesn't degrade its purchasing power. But an endowment fund also must provide a steady stream of income for the charity to use to further its mission. Combining those two objectives are unlike anything most of us do with our own assets.

Read the rest of this story in the Peninsula Pulse.


And remember to tell your family that you love them. You never know how much time you'll have together. Treasure it.
  Bret Bicoy   
Bret N. Bicoy, President & CEO
In This Issue
In Memoriam: Ruth Barker and Lee Traven
The Essential Ingredient in our Quality of Life
Tributes 2013: Honor a Special Woman in Your LIfe
Endowments in Action: Friends of East Shore Industries
Guide to Endowments Available for Download

Our Board of Directors

John Herlache, Chairman
David Eliot, Vice Chairman
Polly Alberts, Secretary
Mike Felhofer, Treasurer
Dick Egan, Past Chairman
Bill Boettcher
Michael Brecke
Jacinda Duffin
Richard Hauser
Mark Jinkins
Arvid Munson
Kaaren Northrop
Marcia Peterson
Nancy Sargent 
Jane Stevenson

Donate Today!

Make an instant donation using a credit card to any of the Funds of the Door County Community Foundation. Give back online today!
 
Or contact us to talk about creating a Fund in your family's name - either today or in your estate plans.

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In Memoriam:  Ruth Barker and Lee Traven

We were deeply saddened to learn of the passing of a couple of Door County's most generous souls. Ruth Barker and Lee Traven, two absolutely wonderful people who lived long and inspiring lives, each left this world in April. Ruth, along with her late husband Hartley, were named by the Community Barkers Foundation as the 2006 Philanthropists of the Year. That same honor was bestowed upon Lee in 2011.

 

Everyone in Door County knows the Barkers and Lee Traven as philanthropists, but what exactly does that mean?  How do you define a philanthropist?

 

Donating to charity makes one a donor, and that is a beautiful thing to be. It's critically important to our community that we all give to charity on a regular basis. But simply writing a check is not sufficient for a person to become a philanthropist.

 

Next to our love, the most precious thing we have to give is our time. A philanthropist is one who gives generously of both of these most valuable of treasures. They see an issue (or an opportunity) and Traven cannot sit idly by while that condition exits in the world. So they must act.  

 

A philanthropist is born when a donor's passion compels them to give more of themselves than merely money. 

 

They give of their time to the charities they care about. They share their wisdom as members of boards of directors. Philanthropists champion the causes that resonate in their heart and cannot help but openly share their passion with those around them. Their enthusiasm for community service is contagious. 

 

Perhaps most important, a philanthropist is one who believes that the best way to lead is by serving others. That is the epitome of both Ruth Barker and Lee Traven.  

 

You can read more about Ruth Barker and Lee Traven in the memorials in the Peninsula Pulse.

 

Door County's Charities:  The Essential Ingredient in our Quality of Life

Charity is more important to Door County than to any other community in Wisconsin.

 

Yes, I know, that sounds like hyperbole.  Our hyper-competitive society already spends too much effort labeling things as the most, least, best or worst of something.  So generally I try to be more DC Living 2013 moderate in my approach to most things.  But when it comes to our beloved peninsula, this is an unavoidable conclusion.  Charity really is more important to Door County than to any other community in Wisconsin.

 

It's because the non-profit organizations of our community collectively play perhaps the most critical role in making Door County the unique community that it is, thereby attracting tourists, seasonal residents and retirees alike.  Charity is also essential because it alleviates the challenges arising from the seasonal nature of our economy. 

 

While the latter of those two observations is easy to understand, on the surface the former might seem a bit counter-intuitive.  After all, few of us consider charities as an economic engine.  More often we think of the non-profit sector as an outgrowth of economic prosperity.  While that holds true here as well, in Door County charities are an essential ingredient in what makes our community special.

 

Consider for a moment, what you love about Door County.

 

You can download and read the rest of this article in the 2013 Philanthropy Issue of Door County Living.   

 

Tributes 2013: Honor a Special Woman in Your Life

Is there a woman in your life who has made a significant impact? The Women's Fund of Door County gives you the unique opportunity to share with others the amazing story of this woman in your life. She may have inspired you, educated you, instilled humor, wisdom or joy in your life. What influential piece of advice did this particular woman give to you to remember and to pass on to others?

 
Our mission is simple. The Women's Fund of Door County builds, enriches and nurtures the lives of women and girls through collective wisdom and philanthropy.


We are publishing our second annual Tribute booklet A CELEBRATION OF WOMEN. Your one-time gift of $500 can pay tribute to this amazing woman. You can share with others this woman's biography, along with a photo, describing her impact on those she has touched. This booklet will be given to all attendees at our yearly CELEBRATE WOMEN! Luncheon on Wednesday, August 14. With over 300 people in attendance the story you tell will encourage and inspire others.


As we grow our endowment fund to advance and perform our mission, we invite you to become part of the Women's Fund of Door County. Celebrate and honor a woman in your life and share her story with our community.

Visit the Women's Fund website to learn more, or call (920) 746-1786.

 

Endowments in Action:  Friends of East Shore Industries
The Community Foundation is honored to administer the Friends of East Shore Industries Fund.  

East Shore Industries, Inc. is dedicated to the mission of assisting individuals with disabilities in obtaining their personal independence and employment goals. It opened in 1973 to 10 clients. Today, ESI serves over 100 individuals annually through various day service programs, a school to work transition program, a community job placement program and in-house subcontract work.   East Shore Industries
 
Circumstances that may have affected an individual include: developmental disability, cerebral palsy, epilepsy, early-onset Alzheimer's disease, stroke, other neurological disorders, brain trauma, alcoholism, drug dependency and serious and persistent mental illness. It is the goal of ESI to provide diverse employment opportunities and day services which develops life skills and fosters independence, allowing each individual it works with the opportunity to contribute to his or her own well-being and to the community in which they live. ESI relies on grants, community donations, and money raised from its fundraising events to make its work possible. 
 
Please consider incorporating gift to the Friends of East Shore Industries Fund in your estate plans. Speak with your attorney, accountant or other estate planning professional. Or contact the Community Foundation and we'd be glad to help facilitate your generosity.

Many charities entrust the administration of their endowment funds to the Community Foundation.

It's a safe and responsible way to manage endowed gifts, long-term assets or operational reserves. The non-profit community also counts on the Community Foundation's planned giving expertise to facilitate gifts into their endowments. By aggregating these assets under the umbrella of the Community Foundation, economies of scale allow for a far more diversified investment portfolio and lower investment fees than any of the charities could achieve on their own.

 

Guide to Endowments Available Online
Guide to Endowments
The Community Foundation is pleased to publish the Guide to Endowments at the Door County Community Foundation, Inc.

The Guide highlights different charities so families have options to consider when giving back - either today or through their estate plans. We encourage families to download their copy today!

The Guide is also an excellent tool for estate planning professionals when talking with their clients about Door County charities. We're happy to send attorneys, accountants, investment advisors, and trust officers a supply of Guides (and display holder) for use in their office. If you'd like a stack for your clients, contact us at the Community Foundation.

This is just another way the Community Foundation is encouraging people to give back to sustain the community we love!

 

The Door County Community Foundation, Inc. is a collection of separate charitable funds set up by individuals, families, non-profit organizations, private foundations and businesses that are managed, invested and disbursed for the current and future good of Door County.

Inspiring People to Give Back to Sustain the Community We Love.