Confirmed in Compliance with National Standards for U.S. Community Foundations

Directory
President
Frank Giammarino
675-1940
Community Development
Grants:
Lori Tragesser
675-1941
Education
Scholarships:
Megan Zanto
675-1943
Bookkeeping:
Valerie Stapleton
675-1942
Auto Attendant
765-675-8480
Board of Directors

Conference Center

1020 W. Jefferson St.
Tipton
Info &
Directions

Summary Report

Notes to Summary Chart

1. Fee Income: 1/2 of 1% of the total value of each component fund managed by TCF is paid toward the cost of administration of the foundation

2. The Grantmaking Committee recommends to the Board of Directors approval of proposals from community organizations for projects that seek Foundation support. Although funds are limited, groups engaged in charitable projects are invited to review the guidelines for grant proposals found at http://www.tiptoncf.org/grants.htm on the Foundation’s website.

3. These figures include only scholarship payments actually made from funds managed by the Foundation. Tipton and Tri-Central students (and alumni) receive hundreds of thousands in annual scholarship and financial aid dollars not reported here. For information on the Foundation's role visit http://www.tiptoncf.org/scholarships.htm. The Scholarship Information Night for the Class of 2011 will be November 4, 2010.

4. Component Funds are all the endowed and non-endowed funds that are established with a particular purpose, including our General Endowment and others that help underwrite the costs of doing business as a community foundation. Besides numerous Scholarship Funds, TCF holds Agency Funds established to produce consistent support for certain incorporated non-profit organizations (including churches), Field of Interest Funds that can make grants for particular kinds of projects rather than any particular agency, and donor-advised or designated funds, set up by and usually named for their principal contributor to benefit a particular group of causes each year.

5. Management & General Expenses are those categories that are typical costs of any business. For TCF, they are about 24% of total expenditures.

6. Fundraising Expenses are those they help underwrite the costs of telling the Foundation's story and seeking the broad public support that is necessary for fulfilling its charitable mission. Although these vary, depending on campaigns and initiatives underway in any given year, they average less than 3% of our total expenses.

7. Total assets include our investments in marketable securities (about $19.5 million on December 31, 2009), cash, and the value of the Foundation Office & Conference Center and the land where it is located.

Progress Report

Since our Spring 2008 Report, the investments that make it possible to distribute money to the Foundation’s component funds have made a significant recovery from the worldwide economic downturn of 2008. The Tipton County Foundation also received a consistent level of regular contributions including many new donors in 2009, and stayed within its conservative operating budget.

The Foundation Board is please to extend its "matching" program for 2010! Each fund will receive a match of the first $2,000 endowed by individual donors (not organizations.) Any endowed contributions of any size made since January 1 will count toward the $2,000 per fund. Non-endowed contributions are not matched.

In 2009, the Foundation saw an increase in the Women’s Fund to over $40,000, with many new donors, and as is essential, many women and girls continuing their support. The Women’s Fund will announce its annual grant recipient at the Afternoon Tea, Sunday, June 13, at the CW Mount Center.

A new initiative this past year was the Youth Philanthropy Council, through which students in grades 7 through 12 from both Tipton and Tri-Central schools are raising money in a “grown-up” way (no bake sales or car washes) to fund improvements in lifespan recreation facilities throughout the county. Your gift of $50 in support of these developing efforts, matched in part by the Foundation, will help pay for the new Walking Trail in Tipton Park, and give the students the opportunity to make mini-grants for improvements at playgrounds and recreation centers in other towns of the county. They hope to celebrate the success of their campaign at Ducky Day in Tipton Park, August 29. We hope to see you there, too!

Please contact us if you have any questions regarding this report. Your frequent, regular giving is also welcome. If you can send a check to TCF to benefit the United Community Fund or another component fund you wish to support, please let us know whether it should be used for grantmaking needs in 2010, or endowed to take advantage of the return of growth in investment markets. Please also remember that when you have the need or opportunity, you can contribute to any fund at the Tipton County Foundation in memory of a loved one or in honor of a significant birthday or accomplishment.

IRS Form 990 is available for viewing or download

The Foundation's Federal Income Tax Form 990 for the following years may be viewed or downloaded:

2010     2009     2008    2007    2006    2005    2004

Major Project Grants