Governance
|
Chair
Christopher P. Bray |
Chair Elect
Thomas D. McCann |
Secretary
Alan M. Horton |
Treasurer
Dennis C. Brown |
|
Board Members Jo Anna Bradshaw Kim Ciccarelli Kantor Paul W. Dresselhaus Christine R. Flynn Thomas D. Gleason J. Dudley Goodlette Mana P. Holtz Patricia A. Jilk Kathleen Kircher William D. Lange Suzanne Lount Ramiro Manalich J. Richard Munro Alan D. Reynolds Deborah L. Russell John F.Sorey III Mario Valle Jennifer B. Walker Harold L. Zink |
Trustees Emeriti Jane Billings Cornelius P. Cacho Joe B. Cox Alison K. Douglas Jeffrey R. Erickson Linda C. Flewelling Marion T. Forte Donald T. Franke Dorothy A. Gerrity Kevin C. Hale Brad A. Havemeier Thomas E. Ingram William L. Laimbeer James B. Lancaster L. Bates Lea Linda R. Malone John M. Passidomo James T. Rideoutte Ned R. Sachs Thomas G. Schneider Michael J. Schroeder Beverly A. Smith Duane Stranahan Jr. William E. Thomas Gordon R. Watson Joanne S. Wyss |
President & CEO
| President & CEO | Colleen M. Murphy | ||
| Administrative Assistant & Receptionist | Lilla Asmund | ||
| Vice President of Nonprofit Programs | Mary Ellen Barrett | ||
| Vice President of Community Programs & Marketing | Jane Billings | ||
| Executive Vice President & COO | William Franz | ||
| Special Projects Director | Mary George | ||
| Financial Services Representative | Annette Kirk | ||
| Director of Finance and Donor Services | Marsha Lewis | ||
|
| ||
| Accounting Manager | Karen Warnken | ||
|
|
Investment Objectives
In order to maximize investment return and minimize investment risk, the Community Foundation of Collier County manages its endowment according to specific objectives: Preservation of Capital, Risk Aversion and Adherence to an Investment Discipline. This combined with compliance to the Uniform Prudent Investors Act and independent oversight, provided by the investment committee, allows the Foundation to achieve notable results.
Investment Management
The Investment Committee of the Community Foundation of Collier County oversees and monitors the funds invested by the Foundation. This committee meets four to six times each year.
Community Foundation funds are externally managed. Investment managers must adhere to the guidelines established by the board of trustees. Investments are made not for speculation, but for long term growth. Investment managers are accorded full discretion, within policy limits, to select individual investments and diversify the portfolio.
The Value of an Endowment
An endowment is a gift to the community that keeps on giving. The purpose of an endowment is to provide a reliable funding source to our community that maintains its purchasing power in future years. A gift of $1 million used immediately has short-term positive impact, whereas an endowment creates a long-term community investment. If Mr. and Mrs. Smith created a $1 million endowment that was invested to return 7.75% a year net of all fees, the long-term results would be astounding. Assuming a 5% grant payout each year, after 100 years you would find the following:
- Annual grants made to the community have grown from $50,000 to over $735,000.
- Total grants made to the community have exceeded $25.9 million.
- The value of the fund has exceeded $15.7 million.
- There has not been any loss of the purchasing power of the annual grants.
- In addition, the organizations receiving distributions from the endowment have a reliable revenue stream and therefore can shift valuable resources from their fundraising efforts to their charitable programs.
