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Our MissionThe mission of theBucyrus Area Community Foundation is to provide financial assistance for charitable, educational and scientific purposes which will most significantly meet the charitable, educational, cultural and recreational needs of the Crawford County community.
231 South Poplar StreetBucyrus, OH 44820419.562.3958
www.bacfoundation.org
Dear Friends of the Foundation,As I write to you today, it is clear that our community faces many challenges, both old and new. When we drew up our priorities for 2008 last January, for example, we certainly did not anticipate the worldwide economic situation we are now facing and the resulting impact on our endowments. The needs of our county residents have never been greater and thus the need for philanthropy is more critical than ever. As always, we remain committed to giving support and creating possibilities for the residents of Crawford County, and we will continue to do so with the resources available.
The fact that the majority of our funds are unrestricted allows us to provide for all area non-profits, including the arts, recreation, education, health, economic development and environmental improvements.
This past year our first initiative to impact the future of Crawford County involved supporting educational advancement. A new partnership, SPARC (Succeed & Prosper through Education: Ashland . Richland . Crawford), is underway and will help provide a seamless transition for our children from prenatal care throughpost secondary education. SPARC is a diverse,collaborative tri-county effort to create a 21st century workforce.
As part of SPARC, we are working to ensure all 8th and 10th grade students not only have access to the Plan & Explore assessments, but also have follow-up sessions to learn how to interpret and understand their results. These assessments provide both academic and personal profiles that will assist students and their parents to focus on career paths that match the students’ abilities and talents. Additionally, we are looking to continue and expand the school mentoring efforts throughout the county.
As we move forward into 2009, we will continue to create opportunities to serve our citizens and improve the quality of life in our county.
Sincerely yours,
Janet P. PryExecutive Director
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Janet PryExecutive Director
Our FoundationThe BACF is a permanent, tax-exempt, public charitable foundation established to improve the quality of life for the citizens of Bucyrus and the surrounding Crawford County area. Started with the help of The Timken Foundation in 1984, it is a vehicle by which individuals, groups, and corporations may channel contributions to the community. The BACF works diligently to fulfill our mission of improving life in the Crawford County community by:
Awarding grants to the charitable organizations, schools and municipalities within our designated geographic area. These grants will provide help in areas of education, health and human services, youth and recreational activities, economic development, environmental improvements, the arts, cultural and civic programs and other valuable community programs.
Helping donors decide the best and most effective way to meet their charitable wishes.
Providing leadership in helping the community in meeting its ongoing and demanding community needs.
Managing our investments to insure the continuation and growth of the Bucyrus Area Community Foundation’s asset base. With the help of multiple professional investment advisors, the BACF is able to offer a safe method for both protecting and growing our assets.
Sponsoring Special Projects where we work with community groups and organizations to help dreams become realities.
The Bucyrus Area Community Foundation will be giving support and creating possibilities in our community for years to come.
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Make This Your Best YearWithin the next 50 years Crawford County will experience a peak transfer of wealth from one generation to the next. The good news is that in Crawford County we are hoping to turn 5% of our community’s wealth into an endowment dedicated to community good.
The Bucyrus Area Community Foundation, an endowment helping us secure our future, could grow within 50 years to $50 million thanks to donors in this community who have made generous gifts today—as well as many who have designated the Community Foundation through a future planned gift.
Earlier this year, the Community Foundation asked people who love Crawford County to consider giving to the BACF, or one of the designated funds within our foundation.If we reach our goal—preserving at least 5% of the estimated wealth transfer for our community—in 50 years, we will have built a $50 million fund that will generate millions every year for Crawford County community projects and priorities, forever.
Endowed funds last forever and grow over time because the principal is never spent. Earnings are used to make grants in the name of each fund, supporting charitable causes and creating personal legacies of giving in Crawford County. Because assets earmarked for the Bucyrus Area Community Foundation are unrestricted, they can be used to address pressing needs and not-to-be-missed opportunities in our community—even as they change over time.
Some Crawford County citizens have designated the Community Foundation as a beneficiary of their insurance policies or included the Community Foundation in their estate plans in order to help grow the BACF endowment. Both are easy ways to make a meaningful charitable gift, while reserving choice assets for heirs.
The Community Foundation can accept a variety of assets as part of a lifetime or planned gift: cash, appreciated securities, real estate, insurance policies, and more. We can work with you or your professional advisor to discuss the year-end and long-term giving options that will make tax time more rewarding—for you and for your community.
If we preserve at least 5% of the estimated wealth transfer for our community, in 50 years we will have built a $50 million fund that will generate millions every year for Crawford County community projects and priorities.
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Helping donors do good work…forever.
BUCYRUS AREA COMMUNITY FOUNDATION is anonprofit, community corporation created by and for thepeople of Crawford County. We are here to help our donors make a positive impact on their community.
Three special features
Personalized Service. We make giving easy and effective, accepting a wide variety of gifts and providing donors a number of charitable options. You can contribute cash, stocks, property, and bequests. You may establish a fund in your name or in the name of a loved one. In most cases, your gift qualifies for maximum tax advantage under federal law.
Local Expertise. We have an in-depth understanding of the issues, opportunities, and resources that shape our community. We monitor all areas of community need—including human services, education, the environment, healthcare, the arts, and economic development. We can help you learn more about local organizations and programs that make a difference in areas you care about most.
Community Leadership. We invest in the long term and bring people and organizations together, convening diverse voices to address local issues and opportunities. Our business is building community.
Community foundations and local affiliates provide a simple, powerful, and highly personal approach to giving.
We offer a variety of giving tools to help people achieve their charitable goals. You can give cash, appreciated stocks, real estate, or other assets. Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your estate and financial advisors or contact us.
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At a glanceEstablished in 1984, the Bucyrus Area Community Foundation is one of nearly 700 community foundations in the United States today. We serve Crawford County (minus Polk Township), offering people a variety of ways to touch our community through philanthropic giving.
In 2008, we granted $337,946 from our unrestricted funds and have granted more than $1,852,526 since 1990. Here are just a few of the areas we’ve supported recently:• TheBucyrusCommunity
Hospital• TheBucyrusPublicLibrary• TheCrawfordParkDistrict• TheSchoolEndowment
Funds
OUR GRANT AWARDS
Ten reasons people choose to give through our community foundation
1. We are a local organization with deep roots in the community.
2. We have broad expertise regarding community issues and needs.
3. We provide highly personalized service tailored to each individual’s charitable and financial interests.
4. Our funds help people invest in the causes they care about most.
5. We accept a wide variety of assets, and can facilitate even the most complex forms of giving.
6. We partner with professional advisors to create highly effective approaches to charitable giving.
7. We offer maximum tax advantage for most gifts under Ohio and federal law.
8. We multiply the impact of gift dollars by pooling them with other gifts and grants.
9. We build endowment funds that benefit the community forever and help create personal legacies.
10. We are a community leader, coordinating collaborative resources to create positive change.
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Grants
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Six StepGrant Application
Process
1Information about
grants can be found atwww.bacfoundation.org
2Submit application online
3Application reviewed
and finalized byBoard of Trustees
4Applicant notified of
Board action
5Grant is awarded
6Final report to
Foundation
Grants Awarded in 2006, 2007, and 2008
Bucyrus Community Hospital
Three year pledge towards capital campaign
Bucyrus Area YMCA, 2006 LockerReplacement
Bucyrus Area YMCA, 2007 Purchasing new membership software
Bucyrus Area YMCA, 2008 Cardiovascular Equipment
Bucyrus Area Youth Soccer ClubInc.,LLC
LaneStreetSoccerComplexRenovation
Bucyrus Band Parents, 2006
New band uniforms
Bucyrus Band Parents, 2008
Chicago Thanksgiving Day Parade 2008 expenses
Bucyrus Community Tennis Court Project
Construction of new community tennis courts
BucyrusLittleLeague,2007
New concession building for Phase II of "Field of Dreams" project
BucyrusLittleLeague,2008
Flood Damage Repair
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Bucyrus Community Hospital
Bucyrus Area YMCA
Bucyrus Community Tennis Courts
Project
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Grants Awarded continued
BucyrusLittleTheater Theatre re-wiring
Bucyrus Police Department Money to start K-9 Corps
Bucyrus Preservation Society
Interior finishing at the TO&C railroad depot
BucyrusPublicLibrary-2007
Five year pledge to capital campaign
BucyrusPublicLibrary-2006
Mobile laptop lab
Camp Michael - 2006 The Greening of Camp Michael
Camp Michael - 2007 2 new furnaces & 14 new windows
Camp Michael - 2008 Construction of an educational Pond
City of Bucyrus - 2006 STREET, Street Tree Resource Evaluation and Education Trust
City of Bucyrus - 2007 STREET program
City of Bucyrus - 2008 5% required for new weather station at the airport
Bucyrus Public Library
Camp Michael
BucyrusLittleLeague
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Grants Awarded continued
City of Crestline New skate board park
ColonelCrawfordLocalSchools
Funding for 225th celebration Battle of Olentangy
Community Counseling Services, Inc.
Handicap-Accessible Entranceway
Crawford Antique Farm Machinery Assn
Crawford County Museum of Agriculture capital campaign
Crawford College Connection
Multiple programs to encourage students onto higher education
Crawford County 4-H Horse Council
Barn facilities
Crawford County Council on Aging - 2007
New kitchen appliances
Crawford County Council on Aging - 2008
Communications system for transportation vans
Crawford County Family & Children First Council
Mentoringprogram,LifeSkills,Asset-Building programs
Crawford County Family & Children First Council
Mentoring program
Camp Michael
Crestline Skate Park
Colonel Crawford Battle of Olentangy
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Grants Awarded continued
Crawford County Family & Children First Resource Center
1-2-3-Magic parenting & families in park funding
Crawford Soil & Water Conservation District - 2006
Teacher and student curriculum guides and additional resources for environmental education
Crawford Soil & Water Conservation District - 2007
EnviroScape teaching model
Crestline Area Red Cross - 2006
Health and Safety Classes & CRP/First Aid Instruction Manuals
Crestline Area Red Cross - 2007
CPR Manikins & AED Trainer
Crestline Cooperative Preschool
Purchasing school supplies for 2006-2007 school year
Crestline Cooperative Preschool
Computers and software
Crestline Exempted Village Schools - 2008
Turning Point Classroom Response Units
Crestline Historical Society - 2007
Replacement of Hoffman House Shutters
Crestline AreaRed Cross
Crawford Soil & Water Conservation
Crawford County Council on Aging
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Grants Awarded continued
Crestline Historical Society - 2008
Restoration of deteriorating areas of John Hoffman House and original smokehouse
Crestline Junior Baseball Renovation of pony league field
Fairview Manor - 2006 Repair and improve residents' nurse call system
Fairview Manor - 2007 New convection oven for food preparation
For A Better Bucyrus/ Projects, Inc.
LionsSkateboardPark
Friends of Harvey School - 2006
Installation of heating and electrical systems
Friends of Harvey School - 2007
Continuing interior restorations
Friends of Harvey School - 2008
Drainage, parking lot & driveway
Friends of the Crawford County Board of MRDD - 2007
Sensory garden for senior adults
Crestline SchoolsTurning Point
Response Units
Crestline Historical Society
Harvey School
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Grants Awarded continued
Friends of the Crawford County Board of MRDD - 2008
Senior Program Electrical Redesign
Friends of the Crawford Park District - 2006
Purchase of new mower/Unger Park
Friends of the Crawford Park District Inc - 2007
Handicap fishing dock
Friends of the Crawford Park District Inc - 2008
Park District Various Programs/Projects
Humane Society serving Crawford County
Money to concrete pens/adoption area
KAPOW Program Awards for student achievement
LHSKettleRunHome Wellness Equipment - Computer, software, monitor, printer and maintenance, exercise bike, and Wii
New Washington Historical Society - 2006
2 new showcases
New Washington Historical Society - 2007
Mannequins
Humane Society serving
Crawford County
Kettle Run House
Crawford Park District
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Grants Awarded continued
Oakwood Cemetery Association
Purchase of a new/used electric golf cart
Planned Parenthood of North Central Ohio
VCR/DVD for preventive health care-adolescents
St. Bernard's School Upgrades of lighting, boilers, and classroom controls
Turning Point - 2006 Shelter program
Turning Point - 2007 Money toward the purchase of new refrigerator
United Way - 2006 Upgrading the accounting system software & computer
United Way - 2007 Sponsor campaign breakfasts
Visiting Nurse Association of Mid-Ohio
New office computer equipment
Volunteer Income Tax Assistance Program
Computers and supplies
Wildlife Haven - 2006 Feed, Internship assistance
United Way
Turning Point
Oakwood Cemetery Association
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Grants Awarded continued
Wildlife Haven - 2007 Feed, Internship assistance & ceiling for clinic
Wildlife Haven - 2008 Feed, fundraising software, new aviary materials
Wildlife Haven
Funds
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Fun
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ThE BUCYRUS AREA COMMUNITY FOUNDATION is blessed to have approximately 90% of our funds unrestricted. These funds allow for ever-changing community needs – including future needs that often cannot be anticipated at the time your gift was made. The Board of Trustees of the BACF works extremely hard to ensure that all aspects of the community are addressed within our grant making efforts. In 2008 the BACF received a large (in excess of $1 million) unrestricted gift from the Elsasser’s estate which will add to our unrestricted funds.
Bucyrus natives Howard D. and Doris J. Elsasser were creative people who enjoyed doing for others. Likehisgrandfather,Howardwasaskilledwoodcraftsman. He made cabinets and furniture in the shop behind his home. He also made wooden cradles for the Picking Co. Howard was employed as a pattern maker, first with Rieddel Co., then with Ryder-Heil Bronze Co. Doris (Gubernath) Elsasser was an accomplished needlecrafter who enjoyed making sweaters, shawls and afghans to give as gifts. She was ahomemakerandaGrayLadyvolunteeratBucyrus Community Hospital. The couple resided at 622 Ann St., the house where Howard grew up. Their two children, Michael and Susan, are deceased. Their nephew, Jon Elsasser of Zoar, Ohio, said that with the exception of his uncle’s service in the Navy in Pensacola, Florida, during World War II, the couple lived in Bucyrus all of their lives. They were longtime members of Good HopeLutheranChurch.HowarddiedonJune28, 2006, and his wife passed away nearly three months later on August 21, 2006. Through their generous donation to the Bucyrus Area Community Foundation, the Elsassers are continuing to give back to the community they called home.
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Designated Funds are set up by the donor to offer continued support to those charities of their choice.
He was all farmer, and she was all high society, but together... it worked.
That’s how David Cooper of Bucyrus remembers his Uncle Ted and Aunt Betty Heckert.
Aunt Betty was an artistic, beautiful and gracious lady who was always dressed up. Uncle Ted was always attired in a plaid shirt. “It had to be a wedding or a funeral before he’d change out of it,” their nephew said.
Theodore M. Heckert married Elizabeth C. “Betty” Smith in 1927. Born in Philadelphia, Pa., Mrs. Heckert had moved with her family to Bucyrus in 1924. A graduate of the Toledo Art School, she was an accomplished artist.
As a young man, Ted Heckert teamed up with his brother Gerald and his father Daniel to operate a meat company. The three started buying beef cattle, butchering it, and delivering it by wagon. A train accident and financial settlement enabled them to start up their own store. At one point, there were five stores in operation. They eventually scaled back to one location, Heckert Brothers Supermarket, formerly Strubles Drug Store and now Batters Blitz. The Heckert sisters also worked at the stores.
Ted Heckert and his brother Gerald acquired eight to ten farms in Crawford County and surrounding areas. They bought farms from people they knew through the market. Mr. Heckert often bought farmland on a handshake, said his longtime friend Norm Haldeman. Mr. Heckert would send to Georgia for cattle feed.
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The grain would be shipped by rail car and the Heckerts would send wagons to Chatfield to pick it up.
During their marriage, Mrs. Heckert traveled extensively throughout Europe, often visiting her husband’s relatives in Germany as well as collecting antiques. Her husband was a reluctant traveler, especially on any trips involving flights over the ocean. Mrs. Heckert would announce she was ready for the next trip. Her husband would reply, “That’s fine. But I’m not going. How much money do you need?’’ Mr. Haldeman recalls.
The Heckerts had three sons, two of whom died in infancy. Their son Gerald, born in 1928, served in the Army during the Korean War. He married and resided on a farm near Galion.
Mrs. Heckert designed the couple’s elegant brick ranch home which sits behind a wrought-iron fence on Kaler Ave. The couple moved an existing home to make room for their new house. They also built a home nearby on Virginia Avenue as a mother-in-law residence. The Heckert home was designed with three fireplaces and an art room.
Mrs. Heckert also had the foresight to design the 1952-53 house with wide hallways and doorways to accommodate a wheelchair if necessary. Their son Gerald was in fact confined to a wheelchair in his later years and the house was comfortable for him during that time.
Mr. Heckert died in 1990. His wife passed away in 2001. Their son Gerald died in 2006. The Heckerts had extended family in Bucyrus and Toledo.
Their lifetime of collecting generated three auctions of antique furniture and collectible glassware. The Heckert estate resulted in a 1.2 million gift to the Bucyrus Area Community Foundation. The Heckerts wanted to give back to the community because that’s where they made their living. Mr. Haldeman said, “Ted was a hard worker.”
Though the Heckerts had no grandchildren, their legacy is the continuing support they give to Bucyrus and the charities which were close to their hearts: Historical Society, Humane Society, St. John’s United Church of Christ, Bucyrus CommunityHospital, and the Toledo School of Art.
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Water is the pearl of the universe!Who can resist fountains?Their bubbling soothes the earsTheir windborne spray cools the skin.Miniature oases, they renew the health,Lives and spirits of people Of every age and time!
The prose which appears on a plaque at the Millennium Park fountain was chosen by Robert Clark Neff, Sr.
“It was a longstanding dream of Dad’s to have a fountain on the square, some place or sometime. And the park project provided an opportunity,” said his son, Robert Clark Neff, Jr.
Robert Clark Neff, Sr. and his wife Helen Picking Neff made that dream a reality in 1999. Together, Mr. and Mrs. Neff made the original donation to install the fountain which graces the square with its elegance and multi-colored light display after dusk.
Mr. Neff, who passed away Sept. 2, 2007, made a provision in his trust in the amount of approximately $50,000 for the preservation and upkeep of the fountain.
That he would make sure the fountain was secure for future generations is not a surprise. Mr. Neff spent his life giving to the Bucyrus community.
Mr. Neff was born in St. Mary’s, Ohio, and graduated from Willard High School, the College of Wooster, and the Ohio Northern University CollegeofLaw.HeservedintheU.S.Navyduring WWII. He made Bucyrus his home in 1950.
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In addition to operating his law practice, he served as a Naval Reserve commander and Justice of the Peace. He served as Bucyrus CityLawDirectorfor33years.HeheldmanypositionsattheFirst Presbyterian Church. He headed and served on the boards of Fairway-Waycraft Workshop, Inc., the American Red Cross, the Salvation Army, Bucyrus Area Community Foundation, and the Bucyrus Concert Association. He also appeared in several Bucyrus LittleTheatreproductions.
Mr. Neff was the first recipient of the Ohio Northern University CollegeofLawDistinguishedAlumniAwardforCommunityServicein 1995. He was inducted into the Ohio Veterans Hall of Fame and the Crawford County Golden Years Hall of Fame.
As a preacher’s son, it’s not surprising that Mr. Neff ’s philosophy on giving was Biblical in nature, said his son Robert Neff, Jr. “From those to whom much is given, much is required,’’ the essence ofLuke12:48,washisfather’soutlookonlife,hesaid. Mr. Neff became acquainted with Bucyrus through a college friend. He had also wanted to stay in the northern half of Ohio to be near his aging parents. “A small town is what he knew, and he knew where he could have the greatest impact,’’ his son said. “I think any community that Dad had chosen would have benefited in a like manner. Civic duty motivated him to improve his corner of the world.’’
Helen Wiles was a faithful churchgoer her entire life. She rarely missed a Sunday.
“She was very insistent on supporting and attending the First Presbyterian Church during the summer and the Presbyterian church in Carefree, Arizona in the winter,’’ said her stepdaughter Phyllis Reed.
Mrs. Wiles was an avid golfer, bridge player and member of Crocus Club. Trained as a nurse, she taught classes for the local American Red Cross chapter and served as chairman from 1971 to 1973. “Red Cross was very close to her heart,” Mrs. Reed said.
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A formal lady, she always wore a hat, even during her later years as a nursing home resident. “She loved hats. She was not dressed until a hat was donned upon her head,’’ her stepdaughter said.
Born in Bloomville, Helen Wiles graduated from St. Vincent’s SchoolofNursinginToledoin1927.ShefirstmarriedthelateA.L.Holloway.Hersecondmarriagein1958wastoCharlesL.Wileswho passed away in 1987. Mr. Wiles was co-chairman of the board of directors of United Bank. He was also a lay minister and active in numerous community programs including the Crawford County Chapter of the American Red Cross, the Community Improvement Corporation, the Bucyrus City School Board, the Bucyrus Masonic LodgeandBoyScouts.
Mr. and Mrs. Wiles traveled throughout the world, including a trip to China. They also visited Scotland, the homeland of the Rev. Charles and Betty Nicoll. The Rev. Nicoll served for a time as pastor of the First Presbyterian Church in Bucyrus. Mrs. Wiles served as church secretary for several years beginning in 1957.
Mrs. Wiles passed away on Jan. 12, 2008 at the age of 102. She had two stepdaughters, Phyllis Fowler Reed and Nancy Stauffer, both of Bucyrus.
Through her donations to the Bucyrus Area Community Foundation, Mrs. Wiles continues to give to her favorite organizations: First Presbyterian Church of Bucyrus, the Desert Hills Presbyterian Church in Arizona, the Bloomville United Church of Christ and the American Red Cross of Bucyrus.
Other Designated Funds
Holy Trinity Athletic Fund: Supports athletics at Holy Trinity School
Grace B. & John Bridges Teacher Award: $1000 award to an outstanding teacher in the Bucyrus City Schools
Murals Fund: For continued upkeep and maintenance of the two downtown murals & park
Playscape: for upkeep of the Playscape in Aumiller park
Louise C. & Harold G. Pry Fund: supports the Crestline Public LibraryandtheCalvaryUnitedChurchofChrist
Weekes Family Memorial Fund: Supports the Glassman Drum & Bugle Corps
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BACF GeNeRAL FUND: Honorary: Burkhart Farms Gledhill, Margery Memorial: Anslow, David Brewington,RobertL. Bricker, Stanley C. Chapman, Marilla R. Coulter, Charles F. Fancourt,Lewis Harris, William Hazen, Susie Heck, Betty Hendricks, Barbara Ann Hill, Betty S. “Bets” Hord, Robert M. “Bud” Kempf, Herbert King, John Loewy,Herb Lust,RuthAnn Massey, Steve A. Miskovich, John Neff, Robert Clark Nigh,L.R.“Bob” Rutter, Corliss Schott, Joyce Shadeed, Ed Sisler, Alyce Smyser, Kim Sykes, Arthur Weithman, Bernard J. Wentz, Mary
BUCyRUS CiTy SCHOOL eNDOWMeNT Memorial: Campana, Gail BHS Class of 1983 deceased classmates on 25th reunion Eichhorn, Clara Eilerman, Olivia Johnson, Jeremy Kuhn, Bill Phenice, Norman Wenner, Craig & Patty
BUCyRUS COMMUNiTy HOSPiTAL CAMPAiGN Memorial: Kroka, Walt Neighbor, Roger Rowand, Dr. Robert E. Sipes, Phyllis
BiNAU SCHOLARSHiP Memorial: Beard, Robert “Art” A., Sr. Binau, Dorothy Conley, Gerald Crow, David Forsyth, Marjorie C. Hathaway,LeonaH. Sheaffer, Herbert
BUCyRUS PReSeRvATiON SOCieTy Memorial: Neff, Robert Clark
BUCkeye CeNTRAL SCHOOL eNDOWMeNT Memorial: Boyden, Pat Zeiter, Rita
Memorial gifts are received by the Bucyrus Area Community Foundation. These memorial gifts can be made to the general unrestricted fund or be designated for any of our segregated funds.
2006 - 2008 Memorial and Honorary Gifts
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COLONeL CRAWFORD SCHOOL eNDOWMeNT Memorial: Althouse, Marion E. Blackford, Marvin Ebner, Dr. Ted Gledhill, Howard Jenny, Don & West, Parker McMichael, Neil Morrison, Robert “Mac” Orewiler,RobertL. Schott, Joyce Shealy,LoisF. Skaggs, Dolores Spreng, John Sr. Whaley,Lydious Zwayer, Daniel
COUNCiL ON AGiNG Memorial: Beale, Pat George, J. Fred Ide, Maria Miller, Chalmer Neff, Robert Clark
CReSTLiNe SCHOOL eNDOWMeNT Memorial: Cozad,Lynn Gearheart, Cary E. Kemle,BonnieL.(Saum) Klopfenstein, James J. Law,RaymondJ. & Marjory V. Lesseuer,Robert & Mary Pegram, Dr. G. & Mrs. H. Pegram Benz
HARvey ONe-ROOM SCHOOL HOUSe Honorary: Keller, Darl & Maxine Murphy, Mark 51st Birthday
Memorial: Baylor Children Brooks, Marge Butts-Davids, Freda Chrristman, Jeannette Clime, Chester A. Fortner, Ida Hoffmaster, Barbara Hollett-Vent,Lucia Jones, Doris Kibler, Robert Leitzy,Jim&Don Morrison, Robert “Mac” Mullins, Jim Schifer, Bob Shifley, John & Evelyn Slatton, Darlene Spreng, John Sr.
LiTTLe LeAGUe Memorial: Diebler,EdwardLee Diebler,WilliamL. Fawley,FlorenceL. Ferguson, Almon W. Friend, Thomas Eugene Kuhn, William H. III Miller, Bill
MURALS Memorial: Neff, Robert Clark
SALvATi SCHOLARSHiP FUND Memorial: Hocker, Al
BUCyRUS TeNNiS COURTS PROJeCT Honorary: Sabback, Sam
THeATRe Memorial: Emig, Velma
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AgencyEndow
ments
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An agency endowment is a type of designated fund established by a charity at a community foundation for the charity’s own benefit or the benefit of a related entity. For example, an art museum transfers funds to a community foundation to establish a fund that will provide annual distributions to the art museum for its own use.
The agency endowment is a unique tool for a not-for-profit to provide a safe and established vehicle to grow its endowment funds. By placing the endowments with the Bucyrus Area Community Foundation, the agency’s fund has the benefit of the financial advisors, oversight and size of the BACF’s endowment fund.
Donations to these funds can be made at any time by cash contributions, bequests in wills or other financial planning methods.
AGEnCY FunDS AT THE BACF:
UniTed Way
Harvey scHOOL
bUcyrUs preservaTiOn sOcieTy
HUMane sOcieTy serving craWfOrd cOUnTy
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Income from these agency funds are not distributed until the fund value reaches $25,000.
Agency endowments have been started for the following agencies, but they have not yet reached the $25,000 goal.
Anyone wishing to contribute to these funds and has questions may contact the BACF office.
cOUnciL On aging bUcyrUs pUbLic Library
bUcyrUs LiTTLe LeagUe
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Scholarships
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The Kevin A. Binau ScholarshipThe Binau Scholarship, named in honor of Kevin A. Binau, former President and CEO of Ohio Mutual Insurance Group, places its main emphasis on students’ community service activities. Students from any Crawford County High School are eligible to apply. This year, two outstanding students were chosen to receive the $1,000 scholarship.
Emilee Fraizer, Galion high SchoolParents:Mike&LynnFraizerCollege Attending: The Ohio State University
Jessica McClarren, Bucyrus high School Parents: Eric & Joy McClarren
College Attending: Baldwin-Wallace College
Past Recipients2007 Kaitlin Kalb: Buckeye Central High School Rachel Roseberry: Colonel Crawford High School
2006 Sarah Everly: Crestline High School Stephanie Newport: Colonel Crawford High School
2005 Mallory Delaney: Colonel Crawford High School Kara Guss: Bucyrus High School Emily Hiler: Buckeye Central High School Mallory Wiggins: Galion High School
2004 Sara Henize Bucyrus High School Curtis Inscho: Wynford High School Micah Whitt: Bucyrus High School
2003 Amanda Crall: Colonel Crawford High School Chelsea Swick: Galion High School Amber Wells: Bucyrus High School
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The John W. Brubaker ScholarshipThe Brubaker Scholarship is named in honor of Bucyrus High School Chemistry teacher, John W. Brubaker, Jr.Any students from Bucyrus High School pursuing a degree in a science-related area are eligible to apply. This year, one outstanding student was chosen to receive the $1,000 scholarship.
Barbara Purviance, Bucyrus high SchoolParents: Mark & Cheryl PurvianceCollege Attending: Heidelberg College
Past Recipients2007 Taylor Bahm 2003 Erin McMurray William Roll Kelly McMurray
2005 Kristin Guss 2002 Daniel Teynor Brennan McClain Brandon Watts
2004 Elena Cooper LaurenWhitt
Micah Whitty 2001 Andrea Pace
The James E. Huggins, Sr. & Margaret M. Huggins Agricultural ScholarshipStarted in 1999 in honor of James E. & Margaret Huggins, this scholarship is available to any graduate of a Crawford County High School. Students must be entering an accredited institution of higher education in an agricultural-related program, either at the graduate or undergraduate level. This year, two outstanding students were chosen to receive the $1,000 scholarship.
Jason hartschuh, Wynford high SchoolParents: Allen & Diane HartschuhCollege Attending: The Ohio State University
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The Joseph M. Salvati ScholarshipJoseph M. Salvati was born in Shelby on August 11, 1983 and graduated from Crestline High School in 2002. He was an outstanding athlete while at Crestline and is remembered as an athlete who led by example rather than with words. He was a leader by his actions and will always be remembered for that. He was also a family-oriented person and dedicated to his faith. He loved the outdoors and was an avid hunter. His life was cut short by a fatal accident and he died on August 14, 2002. The Scholarship was set up to memorialize this outstanding young man. Only students of Crestline High School are eligible to apply. This year, four outstanding students were chosen to receive the scholarship.
Agricultural Scholarship Continued
Leanna Auck, Bucyrus high School2nd Year OSU-ATI renewal winner
Parents: Roger & Judy Auck
Past Recipients2007 Mark Cleland: Colonel Crawford High School LeannaAuck:BucyrusHighSchool
2006 Heather Kocher: Colonel Crawford High School
2005 Corey Cooper: Wynford High School
2004 Brian Hartschuh: Wynford High School
2003 Gregory Hartschuh: Wynford High School MichaelLeitzy:WynfordHighSchool Ashley Shroll: Wynford High School
2002 Erin Scrimpf: Wynford High School
2001 Jessica Woodworth: Galion High School
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The Joseph M. Salvati Scholarship continued
Jeffrey Scarbro, Crestline high SchoolParents:Jeff&LisaScarbroCollege Attending: Ohio University
Joanna Vincent, Crestline high SchoolParents: Sean & Roberta Vincent
College Attending: Bowling Green State University
Mallory L. Lash, Crestline high SchoolParents:Marvin&VickiLashCollege Attending: North Central State College
Anthony Johnston, Crestline high SchoolParents: Robert & Annette Johnston
College Attending: The Golf Academy of the Carolinas
Past Recipients2007 Emily Hatfield 2004 Maggie Heiby Elizabeth Weithman Brittany Kick LeslieWirick AmandaRonk
2006 Sarah Everly Jacob Sheldon
Seth Hastings 2003 Krystal Jeffrey Meghan Ronk Brett Smith Cory Stover
2005 Kristi Schwechheimer Michael Schwechheimer Christopher Wozniak
PICTURE UNAVAILABLE
The Samuel neff Fellowship for International StudySamuel Neff and his family, during the hundred years they were associated with the Bucyrus community, were actively involved with the wider world around them. His descendants think it is appropriate that the scholarship is an internationally-minded young man or woman excited about engaging in a significant international experience and be willing to share that experience with others. This scholarship is intended for any Crawford County high school student, or graduate of any Crawford County high school, that is pursuing an educational experience outside the United States. Exchange programs set up by other organizations, like Rotary, or college semesters aboard are applicable for this award.
Kelsey A. Binau, Colonel Crawford high SchoolParents: Suzanne Binau & the late Kevin BinauCollegeCurrentlyAttending:LoyolaUniversityChicagoMajor:
Biochemistry/Pre-Medicine in the Honors Program
In, January 2009, Kelsey will be joining a group of other dedicated students and medical professionals on a trip to Honduras to conduct a “medical brigade” to treat more than 1,500 patients in communities without access to heath care otherwise. This group will function like a mobile medical unit, setting up small clinics to diagnose and treat patients at no cost in rural villages outside of the capital of Tegucigalpa.
Past Recipients2007 Kristina Bishop: Kent State University - Italy
2006 Kelly McMurray: Wittenberg University - The Bahamas
2005 Joseph Dagher: Virginia Tech - Switzerland
2004 Rachel Sherer: Colonel Crawford High School - New Zealand
2003 Ryan Binau: Miami University - Germany Whitney Morrison: Wittenberg University - Austria Marna Romanoff: Ohio University - Japan
2001 Michelle Dagher: Miami University - England
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The Dustin T. Stover ScholarshipThe Dustin T. Stover Memorial Scholarship is given annually to remind us of a truly inspirational story. After a car accident in January of 2001 that hospitalized Dustin for nearly three months, he started the uphill task of redeveloping mental and physical abilities he possessed before the accident. Dustin passed away July 4, 2002 from bacterial meningitis. This scholarship is given to two graduating seniors, one at Colonel Crawford High School and one at Wynford High School, going on to any type of further education. Recipients are selected based solely on their essay prompted by several questions related to inspiration. This year two outstanding students were chosen to receive the $400 scholarship.
Seth Cooper, Colonel Crawford high SchoolParents: Dave & Debbie CooperCollege Attending: Ohio Northern University
Morgan A. Bercaw, Wynford high SchoolParents: Todd & Kimberly Bercaw
College attending: MedCentral College of Nursing
Past Recipients
2007 Hannah Grove: Wynford High School EmilyLust:ColonelCrawford
2006 Craig Inscho: Wynford High School Jeremiah Rader: Colonel Crawford High School Dana Shifley: Wynford High School Kelly Stuckman: Colonel Crawford High School
2005 Corey Cooper: Wynford High School NatalieLyons:WynfordHighSchool Nicholas McQuillen: Colonel Crawford High School Brianna Wheeler: Colonel Crawford High School
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The Dustin T. Stover Scholarship continuedPast Recipients
2004 Matthew Eichhorn: Colonel Crawford High School Brian Hartschuh: Wynford High School Karley Pence: Colonel Crawford High School Samantha Teets: Wynford High School
2003 Jessica Beal: Colonel Crawford High School Craig Bishop: Wynford High School Cale Garber: Colonel Crawford High School TessaLutz:WynfordHighSchool
School Endow
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2006 - 2008 SchoolEndowment Grants
In 2000 the Bucyrus Area Community Foundation offered matching grants to the five school systems within the BACF’s service area. (Galion Schools were therefore excluded.) These funds were established so that the income off the funds went directly back to the individual school systems. Each school has established their own endowment committees who have helped raised money for the funds and oversee the grant making process. They accept the grant applications from the teachers and make the decisions as to grant distribution. The income from these funds is to provide for those needs that are NOT met by the regular school budget. After much hard work the smallest school endowment fund is now over $100,000.
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Bucyrus City School Endowment2008 Not Yet Granted2007 NancyLipscomb&AmyHawkins-EasyConceptswithPhotos $500.00 Christine Quinn - Orff Reinforcement of Steady Beats (2 needed - 1 for each building) $1,592.00 RhondaShifley-LeveledReadersforGuidedReading $1,350.00 Joanna Barre - Sixth Grade Math Manipulatives $479.16 Nancy Fischer - PowerPoint Programs/Presentations $490.00 Nicole McArdle - Intervention Novel Reading $175.00 Brenda Kane - Collaborative Vocational Classroom Endeavor $351.20 LoriRager-WorkshopWay:ASystemofHumanGrowth for All Educational Systems $510.602006 LoriRager&KarenKocher $499.63 Nancy Fisher $500.00 Susan Stuckman & Wanda Davis $500.00 Kim Haldeman $441.73
Buckeye Central School Endowment 2008 6th Grade - Mohican Trip $900.00 BuckeyeWestElementary-LiveTheaterPerformance $500.00 Purchase of a Turning Point Personal Response System $695.00 Graduating Senior Scholarship $500.002007 Graduating Senior Scholarship - Kelsey Hernnsein $500.002006 Buckeye Central English Department - Theatrical Performance in Cleveland $765.00 French Club Trip $600.00 6th Grade - Mohican Trip $1,280.00
Crestline School Endowment 2008 NorthElementary,KittyMullenandChristineLoddoBricker- Amplification System for Kindergarten Classroom $1,200.00 North Elementary, Amy Hocker - Digital Camera and Memory Card $200.00 North Elementary, Helena Kalb - United States Rug $214.99 Southeast Elementary, Denise Brickley - Reading Books $490.34 High School, Julie Kent Oswalt - 8 Computer Chairs $320.00 High School, Jim Bauer - Subscription to The Columbus Dispatch $338.00 High School, Carolyn Helbert - Class Trip to a Mock Congress in Washington D.C. $1,000.00
Crestline School Endowment continued2007 North Elementary, Amy Hocker - “Kindergarten Science” $500.00 North Elementary, Roseanne Conley - “Project in Preschool with Pictures” $360.00 Southeast Elementary, Kerry Greer - “Ceramics Outreach” $500.00 High School, Carolyn Helbert - National Junior State of America Conference in Washington D.C. $500.00 High School, Robert Conley - Room Supplies $69.00 High School, Robert Conley - “DVDs of American History” $381.502006 North and South Elementary, Helena Kalb & Jane Garrett - Math Supplies $482.90 North and South Elementary - Chalkboards $100.69 North and South Elementary, Kitty Mullen - Batteries $30.00 North Elementary, Wendy Schwall - Handwriting Supplies $154.83 High School, Dorcas Schreck - “Store” $200.00 High School, Carolyn Helbert - National Junior State of America Mock Congress in Washington D.C. $500.00 High School, Marty Cecil - “Dance in America” $100.00
Colonel Crawford School Endowment 2008 Colonel Crawford Teachers $4,000.00 Nathan Krahling Memorial Science Award to Senior Student $500.002006 Cheryl Corney - Personal Amplifier $200.00 Academic Boosters - Venetian Blinds $1,000.00 Jody Wertz - Computer/Software $1,000.00 BettieLuidhardt-PhysicalScienceEquipment $153.30 Julie Reiter - Ohio Windows Newspaper $120.00 Mary Jo Seif - Handwriting CD and Pencil Grips $144.00 LisaSmith-LiteratureCDand2CDPlayers $213.85 Peg Smith - National Geographic Magazine $123.71 T. Sayre, C. Howman, & Keri Koschnick - Theater Books, Video, Word Sort $524.36 Jo Ann Siegel & Mary Martin - Theater Books $250.00 Terri Godby - Flash Drives $90.00
Wynford School Endowment 2008 Not Yet Granted 2007 Carolyn Heacock - Hands-On Manipulatives $222.00 Glen Smith - Advanced Biology Trip $500.00 LeeRowlinson-1/3CostofProjector $430.00 KristaRichmond-“LoveStargirl”Novels $200.00 RondaRitzler-VariousLanguageArtsandScienceItems $232.00 Deb Cameron - Math-Oriented Games $616.00
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Wynford School Endowment continued2007 Crystal Jennings - “Chain Reaction” Books $420.00 Mark Heydinger - Contra Bas Bar (Xylophone) Set $620.00 Scott Rabun - Fuel Cell Car & Experiment Kits $260.002006 DickGervais-R.O.Y.A.L. $300.00 Glen Smith - Advanced Biology Trip $400.00 Tracy Frombaugh - Raz-Kids $80.00 LeeRowlinson-PeriodicTablePosters $100.00 Scott Rabun - Ripple Tank $260.00 Krista Richmond - “The Man Who Was Poe” Books $180.00 Angela Heacock - Student Globes $325.00 Cathy Schafer - Dry-Erase Boards $225.00 Doug Stombaugh - Anti-Burst Exercise Ball Kits $250.00 GlendaLeuthold-“HistoryontheGo” $200.00 MaryLeeMinor-MansfieldArtMuseum $250.00 Sally Ruth - Ancient Civilization Material $250.00 LynneFisher-Maps,Globes,MapKeysAuthenticBooks $180.00
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Deciding to giveA guide to personalizing your philanthropy Many people come to a point in their lives where they want to give back. They do so for a number of reasons, many very personal to them. What motivates you? Perhaps you feel strongly about a cause. Perhaps an organization has touched your life or the lives of loved ones. Maybe you want to create a legacy and set an example that inspires others to give. Or your giving is a way to get your family together and pass along your values to younger generations.
For as many motivations as there are to give, there are ways of giving. The key to having a rewarding giving experience is finding the best fit—for your charitable priorities, financial goals, and personal preferences. This checklist is designed to help you and your professional advisor determine the custom giving solution that’s right for you.
What are your charitable priorities?Charitable interests. You may have a single charitable interest—an important cause or organization. Or you may have several, or a desire to explore new community needs and opportunities as they arise. Note the charitable interests that you’d like to pursue.
Hometown community Arts Retirement community Education Alma mater Youth Environment Faith organization Health and human services Other____________________________________
Impact. What kind of impact do you hope to make with your charitable gift? Solve specific, current, critical needs Help the largest number of people possible Make a significant difference in the lives of a few Construct buildings that will endure for generations Support operations of nonprofit organizations Address long-term, systemic social issues Other ___________________________________
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For as many motivations as there are for
giving, there are ways of giving.
ASK YOURESTATE PLANNING
PROFESSIONALOR CALL
THE BUCYRUS AREA COMMUNITY
FOUNDATIONFOR A FREE
“LEGACY KIT”TO ASSIST YOU IN THIS IMPORTANT
PROCESS.
Knowledge. Would you like more information in any of the following areas? Establishing a philanthropic plan Understanding community needs and opportunities Evaluating charitable giving options Starting or operating a private foundation Starting a donor advised fund or supporting organization at a
community foundation Evaluating nonprofit effectiveness Measuring impact of charitable gifts Deciding to givePerpetuity. Should your gift last forever? You can endow your gift so that only the income is spent and the principal becomes a growing source of community capital. Or, you can choose to spend all of your charitable assets. What is your preferred timetable? Give all direct gifts with no endowment Give some direct gifts with no endowment; endow some gifts Give only endowed gifts
What are your financial goals?Assets and taxes. Most large gifts present the opportunity for significant tax deductions. Some people choose to give during high-income years to defray their taxes with deductions. You may wish to donate appreciated securities or real estate to avoid taxes on the sale of these assets. And, charitable bequests can play a role in estate planning for your heirs. Your professional advisor can help you assess the financial and tax implications of giving the following kinds of assets: Retirement savings Cash Appreciated securities Real estate Lifeinsurance Fine art Closely held stock and business assets Other assets__________________________
Transitions. Major life events often drive changes to an estate plan and prompt charitable gifts. Which of the following transitions might be relevant? Selling a business Change in marital status for you or your heirs Retirement or estate planning Receiving an inheritance Birth or coming of age of children or
grandchildren Death of a loved one
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The key to having a rewarding giving
experience is finding the best fit—for your charitable priorities, financial goals, and personal
preferences.
Timing. Maybe you would like to start giving now, so you can get involved or potentially see the results of your gift. Or perhaps you’d like to give through your estate. Most philanthropists do a combination of these. What is your timing preference? Give all gifts during lifetime Gift some lifetime gifts; some after death Give all gifts after death
Income. Some people choose to give in a way that provides them—or a loved one—a stream of income for life. Your professional advisor can help you select a giving vehicle that suits your time horizons, tolerance of risk, and income requirements. What kind of income would you like your estate to provide? Predictable lifetime income for you and your spouse Predictable lifetime income for you or your spouse Maximum lifetime income for you and your spouse Maximum lifetime income for you or your spouse Provide income to a charity during your lifetime
What are your personal preferences?Recognition. Some people like a tasteful level of recognition for their good work. It attracts attention to their cause, generates awareness, and may inspire others to give. Some people prefer anonymity. What level of recognition do you prefer? Lastingrecognition(nameonafund,foundation,building,or
permanent structure) Public recognition (name in public announcement or media
coverage) Simple recognition (personal thank you and name listed in annual
report or newsletter) Anonymity
Control. Is ultimate control over assets you give to charity important to you? Some people aren’t comfortable without it. Others are glad to let go, once they’ve made some guiding decisions. Determining the range that’s comfortable for you will help your advisor recommend appropriate giving vehicles.
Less control More control
unrestricted FundBroad gift for community; community foundation awards grants
Field of Interest FundGift to a specific cause; community foundation awards grants
Designated Gift/FundGift to a specific organization
Donor Advised FundGift fund for donor-recommended grantmaking
Supporting OrganizationSome benefits of private foundation with community foundation support
Private Foundation Independent board awards grants
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Involvement. Do you want to play an active role in your giving, selecting recipients of your gift for years to come? Would you like to involve your children or grandchildren? Or would you prefer to make one-time gifts with no future demands on your time? No personal involvement Current personal involvement Lifetimepersonalinvolvement Future personal involvement through children Future personal involvement through grandchildren
Personalized service. Many charitable individuals choose to receive personalized services—assessment of community needs, administration of their philanthropy, investment management—that allow them to focus on the more rewarding aspects of giving. What are the services you would find helpful? Localcommunityneedsassessment Research into national or global issues Due diligence of selected organizations Planned giving assistance Gift origination assistance Grant administration Investment management Facilitation of family meetings and charitable activities Bookkeeping Tax reporting
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Giving optionsMajor options for giving entail varying costs and benefits. Your professional advisor can help you review options for custom giving solutions—based on your timing preferences, your giving focus and other variables.
Direct Gift DonorAdvised Fund
SupportingOrganization
PrivateFoundation
Items to consider
Involvement and control
You give a gift directly to a nonprofit organization. Control is limited to initial gift decision.
You give to a public charity—e.g., a community foundation. You recommend grants to qualified nonprofit groups, subject to approval by the public charity’s board of directors.
You work together with a public charity—e.g., a community foundation—to appoint a board. This board typically controls investments and grantmaking.
You appoint a board, which controls investments and grantmaking.
Tax status N/A Public charity Public charity Public charity
Tax deductions Vary, depending on the status of the recipient organizations.
Up to 50% on cash, up to 30% on appreciated stock, up to 30% on real estate and closely held stock.
Up to 50% on cash, up to 30% on appreciated stock, up to 30% on real estate and closely held stock.
Up to 30% on cash, up to 20% on appreciated stock, up to 20% on real estate and closely held stock.
Grantmaking support
Your decision is based on your own research and intuition.
In the case of a community foundation gift, professional staff is available to help identify and assess grantees, provide input on community needs, and verify nonprofit status.
In the case of a community foundation gift, professional staff is available to help identify and assess grantees, provide input on community needs, and verify nonprofit status.
You must arrange and support your own grantmaking and monitoring structure. Some community foundations offer grantmaking services to private foundations.
Startup costs N/A None Costs kept to a minimum through collaboration with community foundation.
Several thousand dollars for legal and accounting expenses and filing fees.
Effective gift size
Any gift size is appropriate.
Thousands of dollars.
Typically millions of dollars.
Typically millions of dollars.
Administrativerequirements
You are responsible for tax reporting and recordkeeping.
Administration is pooled and an annual fee is charged. Community foundation handles reporting.
Costs are kept to a minimum through collaboration with community foundation. Annual 990 tax form must be filed.
Several thousand dollars for legal and accounting expenses and filing fees. Annual 990 tax form must be filed.
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Charitable InstrumentsA variety of giving methods tailored to your unique situation. Outright Gift. You can make a gift of cash, stocks, bonds, real estate, or other assets to your community foundation. Your charitable gift qualifies for tax advantage under Ohio and federal law.
Bequest by Will. You can designate a gift or portion of your estate to your community foundation and, in some cases, receive a substantial reduction in federal gift and estate taxes.
Charitable Gift Annuity. You can make a gift of cash or property to your community foundation now, get immediate tax benefits, and ensure that you or a loved one receive fixed quarterly or annual income payments for life.
Charitable Remainder Trust. You can place cash or property in a trust that pays annual income to you (or another named beneficiary) for life. After your death, the remainder of the trust transfers to your community foundation and is placed into a charitable fund you have selected. You receive income tax benefits the year you establish your trust.
Charitable Lead Trust. You can place cash or property into a trust that pays a fixed amount to your community foundation for the number of years you select. Once this period ends, the assets held by the trust are transferred to the beneficiaries you name. In some cases, you receive a substantial reduction in federal gift and estate taxes.
Beneficiary Designation. You can make the community foundation a full or partial beneficiary of your life insurance policy or retirement account (401(k) or IRA). It’s an easy way to make a legacy gift without modifying your estate plan. Upon your death, your gift is placed into the charitable fund of your choosing.
You receive personalized service
Each individual, family, or organization we work with has unique charitable interests…and unique financial circumstances. We help you make the most of both, so you receive the greatest return on your community investment.
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A legacy of givingEndowment What is endowment?When you create a charitable fund through your community foundation, you have the opportunity to benefit the community forever with a permanent endowment. Your gift is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift—and all future earnings from your gift—is a permanent source of community capital, helping do good work today and in the future.
Legacy and stability. Donors who endow their gifts can make a difference in their community during their lifetime and, at the same time, provide a gift that lasts forever. Grants will continue to be made in the name of the fund you establish so that your charitable wishes are preserved, even if an organization receiving grants ceases to exist in the future.
Leadersofanonprofitorganizationmayalsolooktothecommunityfoundation to hold their organization’s endowment because they know that having a constant source of funding helps them respond to emergency needs as well as plan for the future and sustain the good work they do.
Expert help. When donors or nonprofit organizations work through the community foundation to achieve their charitable goals, they benefit from the expertise of experienced local individuals, community leadership, and investment management.
The power of endowment
A half century ago, PaulCesarz made a choice that continues to benefit his community today. He created an endowed fund in 1952 with $150,000 in assets. The fund immediately began earning income and distributing grants to causes important to him. Fifty years later and 35 years after Paul’s death, the Cesarz Fund had grown to $1,066,003. And in that 50th year, it generated more than $50,000 in grants, supporting a range of community needs—a park renovation, a museum exhibit, cancer research, and more. Because Paul chose to endow his gift, he has enabled more than $1.1 million in grants to go to his community—almost eight times the impact he would have made by giving the original gift to charity all at once. And though Paul has passed away, the fund in his name will go on supporting his community, leaving a lasting legacy. (A scenario.)
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A personal legacy of givingBequest by Will Including a charitable bequest in your estate planis a simple way to make a lasting gift to your community. When you make this gift through your community foundation, we establish a special fund that benefits the community forever and becomes your personal legacy of giving.
how it worksYou include the community foundation in your will or estate plan as a •bequest; we can help you or your attorney with recommended language.You determine the type of fund you would like to establish with your gift.•Upon your death, we set up a special fund in your name, in the name of •your family, or in honor of any person or organization you choose.Your charitable gift is excluded from your assets for estate tax purposes.•We consider your charitable wishes and determine the areas of •community need that would be most impacted by grants from your gift.Our board issues grants in the name of the fund you establish (if you •prefer, grants can be made anonymously).We handle all the administrative details.•Your gift can be placed into an endowment that is invested over •time. Earnings from your fund are used to make grants addressing community needs. Your gift—and all future earnings from your gift—is a permanent source of community capital, helping to do good work forever.
The gift of a lifetime
Irene Hoover and her husband owned a bakery and enjoyed a great deal of success and prominence in their hometown. After her husband passed away two years ago, Irene decided it was time for her to update her will. Part of her plan was to give something back to the community the Hoovers had loved as both residents and business owners. “Not only did Jim and I love our town, but we felt as though we owed it a lot for the success of our business,” says Irene. With the help of her professional advisor, Irene revised her will to include an inheritance for the Hoover’s college-age niece, with the remainder creating the Hoover Bakery Fund, a Field of Interest Fund designed to support community development efforts. Because it will be endowed, her gift will provide a growing source of community funding for festivals, neighborhood revitalization, publicly accessible artwork, and other community improvements. “I like knowing that when I’m gone, our legacy will be one of helping others strengthen our community,” says Irene. (A scenario.)
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Choosing community over taxesCharitable Beneficiary Designation naming the community foundation as a beneficiary of your retirement plan or life insurance policy is not only easy to do, it is also a way to make a significant and lasting gift to our community that may not be possible during your lifetime.
how it worksYou designate the community foundation as a full or partial beneficiary •of your qualified retirement plan (401(k) or IRA) or life insurance policy using a form supplied by the policy underwriter or plan administrator.Upon your death, the benefit comes to the community foundation. We •set up a special fund in your name, in the name of your family, or in honor of any person or organization you choose. Or, you may choose to have the assets contributed to an existing fund.We handle all the administrative details.•Your gift can be placed into an endowment that is invested over •time. Earnings from your fund are used to make grants addressing community needs. Your gift is a permanent source of community capital, helping to do good work forever.
A safe way to make a big impact
Kevin and Mary Goodman care deeply about their family and their community. So, they turned to their professional advisor for guidance in fulfilling their desires to ensure that their children are taken care of and a charitable legacy is left to the community. When they learned that retirement assets are often subject to two taxes (income and estate tax) that could reduce the value of those assets by up to 75% if left to their children, they quickly determined that their IRA would be best designated for charity. By naming their community foundation as a beneficiary of the retirement assets, they would be assured that their gift would be paid directly to the foundation and would not be subject to income or estate taxes. They also knew that every dollar would be preserved for the community they love. “It made sense to our family to handle our retirement assets in this manner. It is an easy and gratifying way to leave a legacy to our community,” says Mary. (A scenario.)
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Financial
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BuCYRuS AREA COMMunITY FOunDATIOn, InC.Summary Financial StatementsDecember 31, 2007 and 2006
2007 2006
ASSETS
Cash $306,453 $294,797
Investments 8,921,926 8,564,254
Property and equipment 1,074 1,381
TOTAL ASSETS 9,229,452 8,860,431
LIABILITIES
Current liabilities 108 94
Funds held in trust 122,518 323,101
TOTAL LIABILITIES 122,626 323,195
nET ASSETS
Net assets - unrestricted 9,106,826 8,537,236
TOTAL NET ASSETS 9,106,826 8,537,236
nET ASSETS & LIABILITIES $9,229,452 $8,860,431
REVEnuES
Contributions and gifts $598,544 $342,591
Investment income 253,911 354,481
Miscellaneous revenues 78,480 72,189
Unrealized gains 350,566 466,092
TOTAL REVENUES 1,281,501 1,235,353
EXPEnSES
GRAnTS & SCHOLARSHIPS 502,809 350,548
OPERATInG EXPEnSES
Investment expenses 47,832 43,644
Salaries & benefits 14,881 14,572
Other operating expenses 194,221 147,281
TOTAL OPERATING EXPENSES 256,934 205,497
TOTAL EXPENSES 759,743 556,045
CHAnGE In nET ASSETS $521,758 $679,309
nET ASSETS, BEGInnInG OF YEAR $8,537,236 $7,814,284
nET ASSETS, EnD OF YEAR $9,058,995 $8,493,593
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Bucyrus Area Community Foundation, Inc.
$-$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000
$10,000,000
2000 2001 2002 2003 2004 2005 2006 2007
Growth of Assets
Assets (in dollars)
3.00%
3.50%
Operating Costs (as a % of total assets)
$-
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
2000 2001 2002 2003 2004 2005 2006 2007
Grants & Scholarships
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
2000 2001 2002 2003 2004 2005 2006 2007
All other operating expenses Salaries & benefits
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BuCYRuS AREA COMMunITY FOunDATIOn, InC.Growth of AssetsDecember 31, 2007
2003 2004 2005 2006 2007
GROWTH OF ASSETS
Assets(in dollars)
$7,426,320 $7,614,583 $7,814,388 $8,860,431 $9,229,452
Grants & Scholarships (in dollars)
$649,598 $214,955 $372,372 $350,548 $502,809
OPERATInG EXPEnSES(AS A PERCEnTAGE OF TOTAL ASSETS)
Salaries & benefits 12,918 12,918 14,094 14,572 14,881
Salaries & benefits 0.17% 0.17% 0.18% 0.16% 0.16%
All other operating expenses
68,979 89,396 142,649 147,281 194,221
All other operating expenses
0.93% 1.17% 1.83% 1.66% 2.10%
TOTAL OPERATInG EXPEnSES
81,897 102,314 156,743 161,853 209,102
% OF TOTAL ASSETS 1.10% 1.34% 2.01% 1.83% 2.27%
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Current Board Members
Past Board MembersJohn M. Bean James Benson RobertL.Bordner*John T. Bridges EdwardDager*Donna J. DemerlingDavid Dostal RichardEkleberry*Debbie Flegm Phyllis J. Fowler Reed Phillip W. Gerber RobertGulling*Scott R. Hastings
Mr. David AuckMember at Large
Mr. David Cory,Bar Association Rep.
Stephanie Hassel,President
Tim Heydinger,New Washington Rep.
Dr. Glen McMurray, United Way Rep.
Ms.LibbyMcPeek,Vice-President
Mr. John Mizick, Treasurer
Ms. Janet P. Pry, Executive Director
Mr. Matthew Rindfuss,Secretary
Tom Holtshouse R. Duane Hord Paul Hubacher Carl J. Ide, M.D. Don E. Kalb Mike Kennedy RichardKime*RayL.KincaidDonnaC.LaipplyNicoleLawRobertE.LawArloLutz*Peter Maynard, D.D.S.
LibbyMcPeek*Ron Menning Roger R. Miller Ronald Moore RobertMorton*Helen Picking NeffRobert Clark NeffJamesB.Pigman*James W. Pry II Beth Salimbene LeslieE.(Bud)SchieferKenSharrock*David M. Shealy
Ms. Jodi Saurers, Crestline Rep.
Dr. R. Strickland, Chamber of
Commerce Rep.
Mr. Jack YoheMember at Large
LindaSmithJohnSpreng*Carl Watt R.A.(Bud)Williams*Gerald B. Wurm
*originals
PHOTOUNAVAILABLE
231SouthPoplarStreet•Bucyrus,OH44820419.562.3958
www.bacfoundation.org
