13 October, 2015

CFFMC 3rd Quarter Financial Statement 2015

October 13, 2015

Dear Fund Holder:

Enclosed is your Fund Statement for the quarter ending September 30, 2015. The investment return on your fund for the 3rd Quarter was -5.06%, and -3.77% year-to-date.

Vanguard chief economist, Joseph Davis, recently wrote “we believe investors should continue to participate in the markets and stick with their asset allocation. Things could remain bumpy for some time, but that’s all the more reason to look through the volatility and stick with your investment plan. . . . In the short term, there’s more noise than trend in economic statistics.” (Vanguard, Joe Davis, Markets & Economy Commentary, October 6, 2015).

You may read the details regarding our investments and investment policy at: http://www.cffmc.org/advise/financial-a-investment-information.

In spite of the recent poor performance of global investment markets, we have some good news to share with you. Last year we participated in a national survey with over 500 other community foundations. The annual survey provides a benchmark for a variety of categories, including asset size, most active grantmakers, highest per capita gifts, and highest volume of gifts and grants. These benchmarks provide important insight to measure our performance against our peers. Your Community Foundation is in the Top 100 in each of the benchmark categories (and your Community Foundation is the only Michigan foundation able to make that claim). The generosity of our donors placed us 17th nationally for the highest dollar value of gifts on a per capita basis, and we are 31st nationally for the highest volume of gift and grant transactions. Your philanthropy is responsible for the strong and active Community Foundation that we have become, enabling us to build a better community in which to live!

We are always available to talk with you about your Fund, Community Foundation activities, or any other subject of interest you might want to discuss. Your generosity sets you apart and we value your thoughts!

Sincerely,

Chris A. McGuigan Ann M. VanTassel
President/CEO Vice-President, Finance
enc.


Ravenna Community Educational Foundation Fund

  • Fund Statement: 01/01/2015 through 09/30/2015
  • Fund Established: 12/06/2006
  • Fund Representative: Mr. and Mrs. Kenneth Punter

Grants/Scholarships Made in 2015YTD $-7,800.00

F U N D A C T I V I T Y

07/01/2015 through 09/30/2015
01/01/2015 through 09/30/2015

Beginning Fund Balance $ 146,071.26 $ 145,349.63

CONTRIBUTIONS
Donor Contributions $914.08 $2,720.08
Interfund Grants & Other Income 0.00 0.00
Total Contributions $914.08 $2,720.08

INVESTMENT ACTIVITY
Interest and Dividends $808.35 $2,568.15
Realized & Unrealized Gains (Losses) -7,804.64 -7,746.21
Total Investment Activity $-6,996.29 $-5,178.06

DISBURSEMENTS
Grants and Scholarships $ -6,000.00 $ -7,800.00
Interfund Transfers 0.00 0.00
Program/Direct Fund Expenses 0.00 0.00
Administrative Fees -532.82 -1,635.42
Total Disbursements $-6,532.82 $-9,435.42

Ending Fund Balance $ 133,456.23 $ 133,456.23

Ravenna Community Educational Foundation Fund
For The Period Ending September 30, 2015

Gift Listing:
Donor Date Amount

  • Mr. Scott M. McFarren 01/06/2015 5.00
  • Ms. Diane L. DeBoer 01/06/2015 5.00
  • Mr. Stephen A. Denniston 01/06/2015 2.00
  • Mr. and Mrs. Leo B. Kondro 01/19/2015 50.00
  • Mr. Scott M. McFarren 01/20/2015 5.00
  • Ms. Diane L. DeBoer 01/20/2015 5.00
  • Mr. Stephen A. Denniston 01/20/2015 2.00
  • Mr. Scott M. McFarren 02/04/2015 5.00
  • Ms. Diane L. DeBoer 02/04/2015 5.00
  • Mr. Stephen A. Denniston 02/04/2015 2.00
  • Mr. Scott M. McFarren 02/25/2015 5.00
  • Ms. Diane L. DeBoer 02/25/2015 5.00
  • Mr. Stephen A. Denniston 02/25/2015 2.00
  • Mr. Scott M. McFarren 03/05/2015 5.00
  • Ms. Diane L. DeBoer 03/05/2015 5.00
  • Mr. Stephen A. Denniston 03/05/2015 2.00
  • Mr. Scott M. McFarren 03/16/2015 5.00
  • Ms. Diane L. DeBoer 03/16/2015 5.00
  • Mr. Stephen A. Denniston 03/16/2015 2.00
  • Kenneth & Di Ann Patterson 03/16/2015 50.00
  • Mr. Scott M. McFarren 04/01/2015 5.00
  • Ms. Diane L. DeBoer 04/01/2015 5.00
  • Mr. Stephen A. Denniston 04/01/2015 2.00
  • Mr. and Mrs. John C. Link III 04/06/2015 500.00
  • Mr. Scott M. McFarren 04/16/2015 5.00
  • Ms. Diane L. DeBoer 04/16/2015 5.00
  • Mr. Stephen A. Denniston 04/16/2015 2.00
  • Mr. and Mrs. Charles Edward Krepps 04/23/2015 500.00
  • Mr. Scott M. McFarren 04/30/2015 5.00
  • Ms. Diane L. DeBoer 04/30/2015 5.00
  • Mr. Stephen A. Denniston 04/30/2015 2.00
  • Mr. Scott M. McFarren 05/15/2015 5.00
  • Ms. Diane L. DeBoer 05/15/2015 5.00
  • Mr. Stephen A. Denniston 05/15/2015 2.00
  • Kenneth and Kathleen Punter 05/15/2015 200.00
  • Mr. Scott M. McFarren 05/26/2015 5.00
  • Ms. Diane L. DeBoer 05/26/2015 5.00
  • Mr. Stephen A. Denniston 05/26/2015 2.00
  • Larry Darcy 06/03/2015 350.00
  • Mr. Scott M. McFarren 06/11/2015 5.00
  • Ms. Diane L. DeBoer 06/11/2015 5.00
  • Mr. Stephen A. Denniston 06/11/2015 2.00
  • Mr. Scott M. McFarren 06/22/2015 5.00
  • Ms. Diane L. DeBoer 06/22/2015 5.00
  • Mr. Stephen A. Denniston 06/22/2015 2.00
  • Mr. Scott M. McFarren 07/10/2015 5.00
  • Ms. Diane L. DeBoer 07/10/2015 5.00
  • Mr. Stephen A. Denniston 07/10/2015 2.00
  • Mr. Scott M. McFarren 07/22/2015 5.00
  • Ms. Diane L. DeBoer 07/22/2015 5.00
  • Mr. Stephen A. Denniston 07/22/2015 2.00
  • Ravenna Public Schools Junior Achievement 08/14/2015 573.08
  • Mr. Scott M. McFarren 08/14/2015 5.00
  • Ms. Diane L. DeBoer 08/14/2015 5.00
  • Mr. Stephen A. Denniston 08/14/2015 2.00
  • Ms. Jessie L. Russell 08/14/2015 150.00
  • Mr. Scott M. McFarren 08/17/2015 5.00
  • Ms. Diane L. DeBoer 08/17/2015 5.00
  • Mr. Stephen A. Denniston 08/17/2015 2.00
  • Mr. Scott M. McFarren 09/03/2015 5.00
  • Ms. Diane L. DeBoer 09/03/2015 5.00
  • Mr. Stephen A. Denniston 09/03/2015 2.00
  • Cindy J. Cline 09/17/2015 20.00
  • Mr. Scott M. McFarren 09/17/2015 5.00
  • Ms. Diane L. DeBoer 09/17/2015 3.00
  • Ms. Melanie M. Block 09/17/2015 100.00
  • Mr. Stephen A. Denniston 09/17/2015 3.00

*** Total Gifts: 2,720.08

Grants Listing:
Grantee Date Amount

  • Ravenna Public Schools 04/30/2015 1,800.00
  • Ms Helana R. Nerli 07/08/2015 1,000.00
  • Ms Kenna V. Botten 07/08/2015 500.00
  • Ms Grayson E. Hall 07/08/2015 1,000.00
  • Ms Lindsey Jacobs 07/23/2015 1,000.00
  • Ravenna Public Schools 08/06/2015 2,000.00
  • Ms Tyra L. Jonas 08/27/2015 500.00

*** Total Grants: 7,800.00

*Note: The grant date listed above is the date of the board confirmation of your grant recommendations. You may have recommended grants that are not yet confirmed by the board.