CFFMC 3rd Quarter Financial Report 2018

October 12, 2018

Dear Fundholder:

Enclosed is your fund statement for the quarter ending September 30, 2018. The investment return for funds held in our main investment pool for the third quarter was 3.08%, and 2.60% year to date.

For more information about our investments and investment policy, visit https://muskegonfoundation.org/resources/financial-information/. While you’re there, please click around for current news, stories and other interesting information about your Community Foundation.

We’re especially excited about our annual gathering this year, Tuesday, November 6, at 7 p.m. in the Frauenthal Center. Acclaimed author, educator, and speaker, Dr. Joy DeGruy will share a wealth of knowledge, expertise, and powerful storytelling in her program “Understanding Our Past: Healing Our Future.” She goes far beyond the surface, peeling back layers to expose what is at the core of racism and its damaging impact on all Americans. This is a ticketed event; free tickets are available at the Frauenthal Box Office, limit four per household. For more information, visit www.muskegonfoundation.org/dr-joy. We hope you’ll join us for this important community program.

If you’d like to talk about your fund, the work we do, or community happenings, just let us know. We thank you for the opportunity to be your partners in building this community!

Sincerely,

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

Enclosure

Ravenna Community Educational Foundation Fund

Mary Patterson
PO Box 13
Ravenna, MI 49451

Fund Statement: 01/01/2018 through 09/30/2018

Fund Established: 12/06/2006
Fund Representative: Mary Patterson

Grants/Scholarships Made in 2018YTD $-6,205.00

F U N D A C T I V I T Y
07/01/2018
through
09/30/2018 01/01/2018 through
09/30/2018

Beginning Fund Balance $ 198,654.92 $ 204,832.05
CONTRIBUTIONS
Donor Contributions $368.00 $909.00
Interfund Grants & Other Income 0.00 0.00
Total Contributions $368.00 $909.00
INVESTMENT ACTIVITY
Interest and Dividends $1,260.73 $3,638.35
Realized & Unrealized Gains (Losses) 4,836.65 1,464.52
Total Investment Activity $6,097.38 $5,102.87

DISBURSEMENTS
Grants and Scholarships $ -2,000.00 $ -6,205.00
Interfund Transfers 0.00 0.00
Program/Direct Fund Expenses 0.00 0.00
Administrative Fees -739.52 -2,258.14
Total Disbursements $-2,739.52 $-8,463.14

Ending Fund Balance $ 202,380.78 $ 202,380.78

Ravenna Community Educational Foundation Fund
For The Period Ending September 30, 2018

Gift Listing:
Donor Date Amount
Eileen A. Hazen 01/11/2018 100.00
Ida McDougal 01/15/2018 25.00
Scott M. McFarren 01/18/2018 5.00
Mr. John L. Crowell 01/18/2018 2.00
Ms. Melanie M. Block 01/18/2018 5.00
Ms. Patricia S. Vermeer 01/18/2018 1.00
Randy L. Creed 01/18/2018 5.00
Scott M. McFarren 01/31/2018 5.00
Mr. John L. Crowell 01/31/2018 2.00
Ms. Melanie M. Block 01/31/2018 5.00
Ms. Patricia S. Vermeer 01/31/2018 1.00
Randy L. Creed 01/31/2018 5.00
Scott M. McFarren 02/12/2018 5.00
Mr. John L. Crowell 02/12/2018 2.00
Ms. Melanie M. Block 02/12/2018 5.00
Ms. Patricia S. Vermeer 02/12/2018 1.00
Randy L. Creed 02/12/2018 5.00
Scott M. McFarren 02/26/2018 5.00
Mr. John L. Crowell 02/26/2018 2.00
Ms. Melanie M. Block 02/26/2018 5.00
Ms. Patricia S. Vermeer 02/26/2018 1.00
Randy L. Creed 02/26/2018 5.00
Scott M. McFarren 03/15/2018 5.00
Mr. John L. Crowell 03/15/2018 2.00
Ms. Melanie M. Block 03/15/2018 5.00
Ms. Patricia S. Vermeer 03/15/2018 1.00
Randy L. Creed 03/15/2018 5.00
Scott M. McFarren 03/29/2018 5.00
Mr. John L. Crowell 03/29/2018 2.00
Ms. Melanie M. Block 03/29/2018 5.00
Ms. Patricia S. Vermeer 03/29/2018 1.00
Randy L. Creed 03/29/2018 5.00
Trevor Taylor 04/10/2018 25.00
Trevor Taylor 04/10/2018 25.00
Scott M. McFarren 04/11/2018 5.00
Mr. John L. Crowell 04/11/2018 2.00
Ms. Melanie M. Block 04/11/2018 5.00
Ms. Patricia S. Vermeer 04/11/2018 1.00
Randy L. Creed 04/11/2018 5.00
Scott M. McFarren 04/23/2018 5.00
Mr. John L. Crowell 04/23/2018 2.00
Ms. Melanie M. Block 04/23/2018 5.00
Ms. Patricia S. Vermeer 04/23/2018 1.00
Randy L. Creed 04/23/2018 5.00
Kenneth and Kathleen Punter 05/02/2018 100.00
Scott M. McFarren 05/07/2018 5.00
Mr. John L. Crowell 05/07/2018 2.00
Ms. Melanie M. Block 05/07/2018 5.00
Ms. Patricia S. Vermeer 05/07/2018 1.00
Randy L. Creed 05/07/2018 5.00
Scott M. McFarren 05/23/2018 5.00
Mr. John L. Crowell 05/23/2018 2.00
Ms. Melanie M. Block 05/23/2018 5.00
Ms. Patricia S. Vermeer 05/23/2018 1.00
Randy L. Creed 05/23/2018 5.00
Class A Tool & Machine, LLC 06/04/2018 50.00
Scott M. McFarren 06/04/2018 5.00
Mr. John L. Crowell 06/04/2018 2.00
Ms. Melanie M. Block 06/04/2018 5.00
Ms. Patricia S. Vermeer 06/04/2018 1.00
Randy L. Creed 06/04/2018 5.00
Scott M. McFarren 06/18/2018 5.00
Mr. John L. Crowell 06/18/2018 2.00
Ms. Melanie M. Block 06/18/2018 5.00
Ms. Patricia S. Vermeer 06/18/2018 1.00
Randy L. Creed 06/18/2018 5.00
Scott M. McFarren 07/03/2018 5.00
Mr. John L. Crowell 07/03/2018 2.00
Ms. Melanie M. Block 07/03/2018 5.00
Ms. Patricia S. Vermeer 07/03/2018 1.00
Randy L. Creed 07/03/2018 5.00
Scott M. McFarren 07/23/2018 5.00
Mr. John L. Crowell 07/23/2018 2.00
Ms. Melanie M. Block 07/23/2018 5.00
Ms. Patricia S. Vermeer 07/23/2018 1.00
Scott M. McFarren 07/30/2018 5.00
Mr. John L. Crowell 07/30/2018 2.00
Ms. Melanie M. Block 07/30/2018 5.00
Ms. Patricia S. Vermeer 07/30/2018 1.00
Scott M. McFarren 08/13/2018 5.00
Mr. John L. Crowell 08/13/2018 2.00
Ms. Melanie M. Block 08/13/2018 5.00
Ms. Patricia S. Vermeer 08/13/2018 1.00
Scott M. McFarren 08/30/2018 5.00
Mr. John L. Crowell 08/30/2018 2.00
Ms. Melanie M. Block 08/30/2018 5.00
Ms. Patricia S. Vermeer 08/30/2018 1.00
Dennis and Shari Luce 09/14/2018 125.00
Tracy A. Lemkie 09/14/2018 50.00
Ms. Michelle Varso 09/14/2018 25.00
Scott M. McFarren 09/14/2018 5.00
Ms. Jessica R. Zayaz 09/14/2018 10.00
Mr. John L. Crowell 09/14/2018 2.00
Ms. Melanie M. Block 09/14/2018 5.00
Ms. Patricia S. Vermeer 09/14/2018 1.00
Kyle J. Jawor 09/14/2018 2.00
Robert J. Nista 09/14/2018 25.00
Scott M. McFarren 09/27/2018 5.00
Ms. Jessica R. Zayaz 09/27/2018 10.00
Ms. Melanie M. Block 09/27/2018 5.00
Ms. Patricia S. Vermeer 09/27/2018 1.00
Kyle J. Jawor 09/27/2018 2.00
Robert J. Nista 09/27/2018 25.00
*** Total Gifts: 909.00

Grants Listing:
Grantee Date Amount
Divine Providence Academy Saint Catherine Campus 05/10/2018 500.00
Ravenna Public Schools 05/31/2018 4,205.00
Mr Zachary J. McCleary 07/12/2018 1,000.00
Ms Heidi M. Barnhard 07/19/2018 1,000.00
*** Total Grants: 6,705.00

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.

AttachmentSize
CFFMC 3rd QTR 2018 Financial Results.doc267 KB