2006 Year in Review

For your Community Foundation, 2006 was a year of movement - a time characterized by careful groundwork and substantial growth, by strategic planning and decisive action.

Click here to download a copy of our 2006 Annual Report and on each of the following links for more details.

GRANTS & SCHOLARSHIPS

In fiscal year 2006, the Community Foundation made 406 grants to nonprofit organizations totaling $1.7 million, a 12 percent increase from 2005.  In addition, 25 AAACF funds have awarded 102 scholarships totaling $104,604.

DONORS

In fiscal year 2006, individuals, businesses, and foundations contributed $3.3 million in gifts and pledges, and total assets grew from $40.1 million to $45.5 million, helped by a solid 12.3 percent return. In 2004, AAACF launched Fund the Future, a five-year initiative to increase unrestricted and field of interest funds in support of flexible, responsive, and forward-looking grantmaking. Led by volunteers, Fund the Future has made great strides in achieving its goals of $15 million in new gifts and pledges by year-end 2008, and $10 million in planned bequests by year-end 2008. As of December 31, 2006, donors have committed $12.4 million, including $7.6 million in new gifts and pledges and almost $4.8 million in planned bequests.

In addition, our Book of Memory lists individuals that were memorialized by friends and family through gifts to the Community Foundation.  The Book of Memory can be viewed in its entirety at the AAACF office and special events.

FUNDS

As of 12/31/2006, AAACF managed a total of 326 funds, including unrestricted, field of interest, scholarship, designated, donor advised, and temporary funds.

Twenty new funds were established in 2006:

• Bill Browning Fund for Environmental Education

• Kathy & Frank Cambria Fund for Health & Human Services

• Hal & Ann Davis Fund

• Fred & Maria Davis Family Fund (YACF)

• Daycroft Montessori School Fund

• Frederick J. & Joyce E. Hahn Fund

• Honey Creek Community School Endowment Fund

• Carolyn & John Kirkendall Fund (YACF)

• Lighthouse Technology Fund

• Ron & Fran Loiselle Fund (CFP)

• Andrew J. Lum Scholar Athlete Award Fund

• Peter Mattis Memorial Endowment Fund for Traditional Music and Related Arts

• Alice & Hugh Morgan Fund

• The Marijean Quigley-Young Fund for Excellence

• Ann & Thomas J. Schriber Fund

• Marc & Mary Weiser Fund

• Richard P. Whitker Boy Scout Troop 7 Endowment Fund

• Richard P. Whitker Charitable Fund

• Roy & Cynthia Wilbanks Fund (YACF)

• The Christy Prokos Yenkel Fund
  

DONOR SOCIETIES

AAACF donor societies recognize individuals, businesses, and foundations who share a strong commitment to supporting programs and non-profit organizations that help to improve the quality of life for all our residents.

The Founders Society

Established in 1972, the Founders Society recognizes donors who have made outright endowed gifts and pledges of $10,000 or more.

The 21st Century Society

Established in 1990, the 21st Century Society recognizes donors who have contributed a  minimum of $25,000 toward endowment.

The Legacy Society

Created in honor of James and Clarice Foster whose gift of family assets established the first endowed fund at the Community Foundation, the Legacy Society was formed in 2003 to recognize individuals who have pledged gifts to the Community Foundation in their estate plans. Such commitments include bequests by will or trust, gifts of life insurance and retirement assets, life-income vehicles such as charitable gift annuities and charitable remainder trusts, and charitable lead trusts.

VOLUNTEERS

Volunteers are the heart of your Community Foundation. More than 300 individuals currently serve on our Board and committees, including the advisory committees for Plymouth and Ypsilanti.

AFFILIATE FUNDS

Community Foundation of Plymouth

CFP was established in 2005 with the goal of building endowment in support of youth, seniors, the arts, human services, the environment, and others areas of need in the greater Plymouth community. In 2006 CFP saw the establishment of its first named endowment fund and made its first grant to Youth Leadership Plymouth.

Ypsilanti Area Community Fund

Now in its sixth year of operation, YACF added 13 new members to its 1825 Founders Society and welcomed three new funds under its umbrella in 2006.  With a well developed grants program, YACF is focusing on building endowment and broadening community awareness of its important role.