CONNECTING PEOPLE WHO CARE WITH CAUSES - Innovia Foundation
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2018 CALENDAR C O N N E C T I N G P E O P L E W H O C A R E W I T H C A U S E S T H A T M A T T E R
Inland Northwest Community Foundation Who we are…
fosters vibrant and sustainable communities As the community foundation for the Inland Northwest, we help people who care
in the Inland Northwest. about our region accomplish their charitable goals. Community foundation staff and
volunteers work with individuals, families, businesses and nonprofit organizations
WASHINGTON
Boundary
Pend to establish charitable funds. We professionally manage and invest those funds,
Oreille
Ferry
Stevens which yield revenue to support a wide variety of grants that foster vibrant and
Bonner
sustainable communities. Since its inception in 1974, more than $65 million has
been distributed for charitable purposes.
Spokane Kootenai
Lincoln
TH A N KS TO O U R SPO NSO RS
Benewah Shoshone
Adams Whitman
Latah
Clearwater
Garfield
Nez Perce
Columbia
Lewis
Asotin
Idaho
The counties
Inland Northwest
Community Foundation
serves.
IDAHO
The Feuerstein Group, Inc.
Cover photo: Rose Creek Nature Preserve courtesy of
Pallouse-Clearwater Environmental Institute (PCEI) pcei.org
CONNECTING PEOPLE WHO CARE AT A G L A N C E
WITH CAUSES THAT MATTER (AS OF 6/30/2017)
Dear Friends, $12.7 MILLION
T O TA L G I F T S R E C E I V E D
Inland Northwest Community Foundation’s fiscal year 2017, ending on June INCLUDING BEQUEST GIFTS OF $4.1 MILLION
30, was remarkable in many ways. Thanks to the generosity of those who
believe in the promise of a better region through community philanthropy,
we received more than $16 million in gifts and bequests. With the addition
665 G I F T S
of 29 new funds, we now professionally manage and invest nearly 500
funds that comprise total assets of $114 million. As a result, we awarded
437 D O N O R S
more than $6 million in grants and other charitable distributions to support a 29 N E W F U N D S
broad range of charitable programs locally, nationally and internationally.
Shelley Bennett Shelly O’Quinn 489 F U N D S I N T O TA L
Board President, CEO Through strategic grantmaking and intentional leadership, Inland
Northwest Community Foundation is committed to being a change agent
in this region, ensuring that your investments will have impact now and for generations to come. This commitment is T O TA L A S S E T S $114.1 MILLION
evidenced in our increased participation in community initiatives that tackle some of the most challenging social issues
in our region. These include:
G R A N T S A N D O T H E R C H A R I TA B L E D I S T R I B U T I O N S
· Increasing educational success for middle school students in Spokane Public Schools through the Hillyard Youth
Collaborative.
$6.3 MILLION
· Improving reading proficiency rates for K-3 students through the “Opening Books, Opening Doors” community
partnership in Coeur d’Alene.
534 G R A N T E E O R G A N I Z AT I O N S
· Providing support services for homeless students and their families in Spokane County through a three-year homeless
student pilot project in partnership with Priority Spokane.
· Helping rural communities in Eastern Washington thrive by co-funding the Greater Palouse Rural Community
108 SCHOLARSHIP RECIPIENTS
Leadership Program.
R E C E I V E D A T O TA L O F $182,115
Each of these initiatives brings together multiple funding partners and community based organizations, because we
know that by working together we can accomplish much more than we could ever do alone.
MARKET VALUE BY FUND TYPE
The achievements of this past year are due to the generosity of donors, the dedicated service of volunteers and our
committed and professional staff. We are proud to celebrate this success with all of you in this year’s annual
report/calendar.
As the foundation moves forward under new leadership this fiscal year, we are committed to being a visible and Donor Advised
engaged partner in the communities we serve. We are inspired to work in partnership with you, transforming lives and $27.8 million
creating positive, measurable change. Discretionary
$26.4 million
Thank you for making a difference! Scholarship
$4.9 million
Agency Area of Interest
$15 million $12.1 million
Designated
$16.6 million
Shelley Bennett Shelly O’Quinn
President, Board of Directors CEO
4 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“Since 1975, Parkwood
Business Properties and
Inland Northwest Community
Foundation have shared a
common goal to make a long-
term positive contribution in
the communities we serve.
We are proud to support
INWCF, as we believe it is
critical to the advancement
and growth of North Idaho.”
Charles R. Nipp
Owner & Manager
Parkwood Business Properties
Causes That Matter: Pend Oreille Arts Council
What started in 1978 as a handful of small concerts and art A $10,000 Community Strategies Grant will be used to
exhibits, The Pend Oreille Arts Council has grown to facilitating support lesson plans, materials and the training of over 60
art experiences throughout much of North Idaho. In the fourth volunteers who go into third through sixth grade classrooms in
decade of promoting the arts, POAC is now directly responsible rural communities with a high poverty rate who would otherwise
for a year-round slate of events that take place on-stage, in not be exposed to these enrichment activities.
schools, in parks and in many community galleries.
artinsandpoint.org
S U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
New Year’s Day
1 2 3 4 5 6
Patrick & Sue Flammia
Patrick & Sue
Flammia Fund
7 8 9 10 11 12 13
Patrick and Sue Flammia were
pillars of Coeur d’Alene’s thriving arts
community. As part of the visionary
group of art enthusiasts who
founded Coeur d’Alene’s popular Art
on the Green in 1969, the couple
were committed to supporting art
and music throughout the region.
14 Martin Luther
King, Jr. Day
15 16 17 18 19 20 In 2017, a gift from Sue’s
estate helped create a $400,000
endowment fund at Inland Northwest
Community Foundation in the
Flammias’ honor. The fund benefits
local professional artists and art- and
music-related activities in the Coeur
d’Alene area. The first $500 grant
21 22 23 24 25 26 27 was awarded last summer to support
an Art on the Green juried art show.
“Pat and Sue loved the arts and
were long-time supporters of local
artists,” said Anne Solomon,
Sue’s sister and the fund’s
primary advisor. “They were really
inspirational in the way they lived
their lives, and they left a great
28 29 30 31 legacy. This is how they would want
themselves and their work
remembered.”
January
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4 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“The Kalispel Tribe has always
valued family, friendship
and community. Over the
years, many Tribal Members
have experienced poverty
and lack of access to quality
healthcare and education. As
our Tribe has been blessed
with abundance, we feel it’s
even more important to pay
it forward and share with
organizations that help the
most at-risk and vulnerable
people in our community.”
Phil Haugen
Chief Operating Officer
Kalispel Tribal
Economic Authority
Causes That Matter: Salish School of Spokane
Salish is an important and beautiful part of the language. The project offers opportunities for people
rich heritage of the Spokane region. Yet it is a highly in Spokane to hear and learn Salish language through
endangered language. The Salish For Everyone project, a daily podcast, and provides exposure to Salish culture
funded by $10,000 Community Strategies grant, seeks to through programming at local libraries and community
increase awareness and understanding of Spokane’s first language classes.
www.salishschoolofspokane.org
S U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
1 Groundhog Day
2 3
4 5 6 7 8 9 10 Denny & Thelma Yasuhara
Denny & Thelma
Yasuhara Scholarship
The Hifumi En Society established
this scholarship fund to honor Denny
& Thelma Yasuhara. Denny (1926-
11 12 Mardi Gras
13 Ash Wednesday 14
Valentine’s Day
15 16 17 2002) was a leader of the Japanese
American Citizens League. He
helped enact the 1988 Civil Liberties
Act, in which the U.S. government
apologized for detaining those with
Japanese ancestry, including Denny
and his family, and compensated
those who were detained in camps
during World War II. Thelma
18 President’s Day
19 20 21 22 23 24 currently serves on the board of
directors of the Hifumi En Society,
which promotes the social welfare of
the Spokane area Japanese American
community, including cultural and
religious awareness, education
and the preservation of Japanese
American heritage. The Denny &
Thelma Yasuhara Scholarship supports
students who are upstanding citizens
25 26 27 28 and demonstrate an understanding
and appreciation of Japanese culture.
“Denny was an intelligent man
february
with a big heart,” said Thelma.
“Education was always important
to us. We were not wealthy, but we
always had enough money to help
students who needed basic essentials
JANUARY 2018 MARCH 2018 to make a success of themselves. It
2018
1 2 3 4 5 6 1 2 3 was a privilege to help those who
7 8 9 10 11 12 13 4 5 6 7 8 9 10 wanted to be educated and successful
14 15 16 17 18 19 20 11 12 13 14 15 16 17 in life.”
21 22 23 24 25 26 27 18 19 20 21 22 23 24
28 29 30 31 25 26 27 28 29 30 31
4 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“The rhythm of our lives rests
within the heartbeat of our
community. Each of us plays
a role in its sustainability and
success. For more than 55
years, Broadway has supported
schools, community events,
youth initiatives and underserved
families in a hand-up effort.
We’ve recently raised significant
awareness of efforts to combat
human trafficking locally,
regionally and nationally.
Broadway is proud to partner
with INWCF in shaping our
vibrant community into a safer
place to raise and educate our
families. Our sustainable efforts
will play a continuing role for
generations to come.”
Dan Alsaker
President
The Broadway Group
Causes that Matter: Spokane Civic Theater
The Spokane Civic Theatre is a nationally recognized Built in 1965, the theatre has presented hundreds of
community theatre whose mission is to foster and operate a live community productions, all while trying to stay relevant
community theatre of high artistic merit. Annually, the theatre with the technical demands of today’s plays and musicals. A
produces 6 main stage productions, 4 studio theatre shows, 3 $25,000 grant from the Community Strategies Grant Program
Academy student productions, and a number of alternative is allowing the theatre to make significant improvements to
shows with outside partners. lighting and technical aspects of the auditorium.
www.spokanecivictheatre.com
S U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
1 2 3
4 5 6 7 8 9 10 Rick Robinson
Rick Robinson HOTSTART
Scholarship Fund
Rick Robinson dedicated 28 years of
his career to HOTSTART. As the company’s
CEO from 1990 until he retired in
Daylight
Savings Time
Begins
11 12 13 14 15 16 17
St. Patrick’s Day
2011, Rick helped the Spokane-based
manufacturer of industrial engine heating
systems grow into an international leader
with 180 employees at locations around
First Day the world.
of Spring
Now, Rick is expressing his thanks to
the people who continue to drive the
75-year-old company’s success. Last year,
he created the Rick Robinson HOTSTART
18 19 20 21 22 23 24 Scholarship Fund at Inland Northwest
Community Foundation to benefit the
children and grandchildren of HOTSTART
Passover employees. The first scholarship from
begins at the fund, in the amount of $5,000, was
sundown awarded May 2017.
“As a family-owned business,
HOTSTART has a long history of taking
Palm Sunday
25 26 27 28 29 Good Friday
30 31 care of our people,” said Rick, who now
sits on the board of directors as part
owner of the company. “I wanted to give
back to the employees, and I think the
most important gift you can give anyone is
march
the opportunity to get an education.”
FEBRUARY 2018 APRIL 2018
2018
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4 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“Anastasi, Moore & Martin is a
certified public accounting firm
located in the historic Hutton
Building. We are proud to have
the honor of being a strategic
partner with INWCF. We have
enjoyed working with their
wonderful team, and are inspired
by their passion for serving the
community.”
Paul J. Anastasi, CPA
Managing Partner
Anastasi, Moore
& Martin, PLLC
Causes that Matter: Auditorium Chamber Music Series
Housed in the University of Idaho, the Auditorium Chamber a cappella choirs to ethnic improvisational ensembles.
Music Series provides public concerts by some of the world’s A $5,000 Community Strategies grant is supporting
finest performers to communities around the Palouse. In its outreach activities throughout the Palouse. Through visits to
30th season, the series produces five public concerts each year, elementary, middle school and high school classes, students
as well as providing education to public school classrooms and are learning about string instruments and their unique
communities around the Palouse. The series embraces a wide relationships within a small ensemble. The curriculum finishes
variety of ensemble, from string quartets to eight-voice with a live, interactive performance.
www.uidaho.edu/class/acmsS U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
Easter Sunday
April Fool’s Day
1 2 3 4 5 6 7
Redband Rally Fund
8 9 10 11 12 13 14 The Spokane Indians Baseball
Club established the Redband Rally
Fund as part of a promotional
campaign to connect citizens to the
Spokane River.
Dubbed the Redband Rally,
after the native redband trout, the
15 16 17 18 19 20 21 campaign is raising funds to support
local organizations devoted to river
protection and educate citizens
about work to clean up the river.
“For us and our partners, it’s all
about the river,” said Otto Klein,
Senior Vice President of Spokane
Indians Baseball.
Earth Day
22 23 24 25 26 Arbor Day
27 28 “The Spokane Indians Baseball
Team is proud to work with the
community foundation on the
Redband Rally campaign.
This project, which helps protect
redband trout habitat, affects
everyone because its primary focus
is the health of the Spokane River,
which we all enjoy every day. “
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264 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“One of our greatest delights
is helping clients know they
have more than enough,
so they can dream, plan
and implement their legacy.
Inland Northwest Community
Foundation has been a great
partner in turning many of
those dreams into reality.”
Jeff Feuerstein
Financial Advisor
Waddell & Reed, Pullman
Causes that Matter: Community Action Center
The Community Action Center (CAC) exists to combat Recognizing that in order to create a roadmap for food insecurity
the effects of poverty in Whitman County and help people on the Palouse, they began working alongside community partners
achieve self-sufficiency. Founded in 1988 under the Economic to create a comprehensive food security assessment – the Palouse
Opportunity Act of 1964, the CAC empowers people throughout Tables Project. A $20,619 grant from the Margaret F. Galbraith Fund
their community to realize a positive future. is expanding the project to Latah County in order to understand the
impact on all residents of the Palouse. The Feuerstein Group, Inc.
www.cacwhitman.orgS U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
1 2 3 4 Cinco de Mayo
5
6 7 8 9 10 11 12
Barbara and Robert Johnson
Barbara Johnson CRUT
Barbara and Robert Johnson
Mother’s Day
13 14 15 16 17 18 19 arrived in Pullman in 1957 to launch
Robert’s 35 years as an English
Armed Forces Day professor at Washington State
University. It was the start of a
distinguished career and a lifelong
affection for the small college town.
After Robert passed in 2013,
Barbara, who also worked for WSU,
wanted to create a lasting impact on
the community and university that
20 21 22 23 24 25 26 she and her husband both loved.
“Pullman has been a very good,
supportive community,” Barbara said.
“I want to help it stay that way.”
At the suggestion of her financial
advisor, Jeff Feuerstein, Barbara
created a charitable remainder
unitrust (CRUT) at Inland Northwest
Community Foundation. After
27 Memorial Day
28 29 30 31 paying Barbara income for life, the
remainder of the CRUT will establish
the Robert O. & Barbara A. Johnson
Fund to benefit organizations that
have played important roles in the
may 2 0 1 8
Johnsons’ lives, including Pullman
Regional Hospital Foundation,
Community Congregational United
Church of Christ, WSU Foundation
APRIL 2018 JUNE 2018
and Neill Public Library.
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29 30 24 25 26 27 28 29 304 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“Since 2010, Inland Imaging
has partnered with INWCF to
provide $90,385.95 in grants
to help in the early detection
of breast cancer. Donations to
Every Woman Can Foundation
increase every woman’s access
to screening mammograms, as
well as awareness about the
importance of early detection.
Thank you for continuing to
help us make a difference
in the lives of women in our
community. ”
Steven Duvoisin
CEO
Inland Imaging
Causes that Matter: YWCA of Spokane
YWCA Spokane is dedicated to eliminating racism, barriers in order to accomplish their goals and achieve their
empowering women, and promoting peace, justice, freedom dreams of healthier and more fulfilling lives.
and dignity for all. They advocate for those in need, nurture The YWCA received a $30,000 Community Strategies grant
those who have experienced trauma, and promote self- for their confidential safe shelter. Opened in 1999, the shelter
empowerment for the disenfranchised. Since 1903, the YWCA is a 3-story, 11-unit facility. Annually, the shelter provides 9,000
has been at the forefront of helping Spokane’s women and bednights for 450 victims and their children.
children overcome social, economic, racial and personal
ywcaspokane.orgS U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
1 2
3 4 5 6 7 8 9
Every Woman Can
Every Woman Can is on a mission
to save lives throughout the
Inland Northwest.
10 11 12 13 14 15 16 “We are the only all local breast
cancer-focused team that grants money
Flag Day to local organizations in the Inland
Northwest,” said Every Woman Can
President and CEO Deb Barnes. “These
great community programs provide
cancer screenings, mammograms,
navigation for treatment options for
underserved communities and under/
uninsured women, and palliative care
Father’s Day
17 18 19 20 Summer Begins
21 22 23 for end of life support.”
This work is possible because of
INWCF Fiscal Year the Every Woman Can Foundation
2018 Ends fund established by Inland Imaging
in 2010. That fund helped nonprofit
healthcare organizations pay for annual
mammography and breast cancer
treatment for women who lacked
24 25 26 27 28 29 30 financial resources. At the request of
Inland Imaging, the balance of the fund
was transferred to establish the Every
Woman Can Fund in 2017. This fund
is designated to support the work of
june2 0 1 8
Every Woman Can, which organizes the
annual Pink Ribbon Run to celebrate
cancer survivors, pay tribute to loved
ones no longer living and raise funds to
MAY 2018 JULY 2018 further their mission in the community.
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27 28 29 30 31 29 30 314 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“Washington Trust Bank and
Inland Northwest Community
Foundation have a shared
history of making long
term commitments to help
improve our communities for
everyone who lives here.”
Robert A. Blume
Senior Vice President and
Managing Director
Washington Trust Bank
Wealth Management &
Advisory Services
Causes that Matter: Spokane Sidewalk Games
Driven by the idea that a community who plays together A $7,000 Community Strategies grant is providing funding
stays together, Spokane Sidewalk Games has partnered for a contracted project coordinator that works with ten
with Volunteers of America to bring giant board games to homeless youth through a partnership with Crosswalk Teen
Spokane. This program began as an opportunity to bring Shelter. This project trains, supports and employs youth,
people together in a simple but meaningful way, but has reconnecting them to their community working the games
grown to so much more. at different events throughout the year.
www.facebook.com/SpokaneSidewalkGamesS U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
INWCF Fiscal Year
2019 Begins
1 2 3 Independence Day
4 5 6 7
8 9 10 11 12 13 14
Crosswalk Agency Fund
Each year, 500 teens turn to
Crosswalk for a warm meal, hot shower
and refuge from the streets. For more
15 16 17 18 19 20 21 than 32 years, the emergency youth
shelter has provided life-saving and life-
changing programs to address youth
homelessness in Spokane.
“Crosswalk is a place of hope,
strength and safety for young people
who would otherwise have no other
place to go,” said Fawn Schott, President
and CEO of Volunteers of America
22 23 24 25 26 27 28 (VOA), Eastern Washington & North
Idaho, which oversees Crosswalk.
In 2017, VOA established an
endowment fund at INWCF with
$55,000 of an estate gift left by
Crosswalk donor Blanche Ohnemus.
The fund will provide long-term financial
stability for Crosswalk and help keep the
29 30 31 shelter doors open for teens in the years
to come.
“By creating this fund, we could
honor that generous gift while also
july 2 0 1 8
building financial sustainability for the
agency,” Fawn said. “It allowed us to be
good stewards of community dollars.”
JUNE 2018 AUGUST 2018
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24 25 26 27 28 29 30 26 27 28 29 30 314 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“Inland Northwest Community
Foundation shares a desire
to address the philanthropic
needs of their clients. This
focus on making philanthropy
easy and accessible can
provide tremendous benefits
to the communities in which
we live and serve.”
Bob Larson
Managing Director, Private
Wealth Senior Consultant
Merrill Lynch
Spokane
Causes That Matter: Vanessa Behan Crisis Nursery
The Vanessa Behan Crisis Nursery improves the lives of children for children 0-6 years whose parents are dealing with crises that
by providing immediate refuge and safety and ongoing family impede their ability to provide safe care for their children
support in an environment of unconditional love. The Nursery A $30,000 grant from the Community Strategies Grant
protects the health and welfare of children who are living in Program is increasing the staff capacity levels during their busiest
situations that put them at increased risk of child abuse and months out of the year in the hopes that no child will ever be
neglect. This is achieved by providing free, safe, emergency care turned away.
www.vanessabehan.orgS U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
1 2 3 4
5 6 7 8 9 10 11 Members of the Sadir Khan Grotto, (top row,
left to right) Joseph Rodgers, Bruce Ostrander,
Robert McVicker, (bottom row, left to right)
Ronald Schmidt, David Gillespie, Dale Cooper,
Edwin Webber.
Good Fellows – Grotto
Foundation Fund
12 13 14 15 16 17 18 Since 1936, Sadir Khan Grotto,
the Spokane chapter of the national
Grotto organization for Master
Masons, has given both time and
money to help families and children
with special needs. The organization
operated a home and hospital
for children with disabilities from
19 20 21 22 23 24 25 1967 to 1980, and it has donated
thousands each year to Spokane
Guilds’ School, food banks and other
Spokane-area nonprofits.
In 2017, faced with diminishing
membership and an uncertain future,
the Sadir Khan Grotto transferred
the assets of its two private
foundations to establish a $1 million
26 27 28 29 30 31 endowment at Inland Northwest
Community Foundation.
The new fund will allow the
Grotto to continue making a
august
difference in the community for
years to come.
“It makes me so happy to know
that our tradition of charitable
JULY 2018 SEPTEMBER 2018 work—and the Grotto name—will
2018
1 2 3 4 5 6 7 1 continue long after we’re gone,”
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8 9 10 11 12 13 14
9 10 11 12 13 14 15
said Dale Cooper, Grotto member
15 16 17 18 19 20 21
16 17 18 19 20 21 22 and president of the former Grotto
22 23 24 25 26 27 28 23 24 25 26 27 28 29
29 30 31
Foundation.
304 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“Bibin & Associates, CPA, P.A.
has been serving the greater
North Idaho area since 1992.
We value the communities in
which we live and work, and
the beneficial contribution
we make in them. We are
proud to support INWCF and
its shared vision of improving
the quality of life in the
Inland Northwest.”
Michael J. Bibin
CPA
Bibin & Associates, CPA, P.A.
Causes That Matter: Opening Books, Opening Doors
Opening Books, Opening Doors is a community additional cofounders, the initiative is anchored by a $600,000
partnership and commitment that by 2020 all students grant to University of Idaho working in partnership with the
exiting third grade in the Coeur d’Alene School District Coeur d’Alene School District. The project will add reading
will meet grade level reading proficiency goals, including resources for students and teachers, and will coordinate literacy
comprehension and fluency. This initiative aims to instill in efforts of parents, volunteers and nonprofit organizations to
students a passion for reading and the desire to become create a communitywide approach to ensure reading success for
lifelong learners. With support from INWCF and four K-3 students.
www.facebook.com/openingbooksopeningdoorsS U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
1
Jim and Nancy Prussack
2 3 4 5 6 7 8
Labor Day Jim and Nancy Prussack Fund
Each summer, Jim and Nancy
Prussack—who live near the Spokane
River in Post Falls—can hear shrieks of
glee echoing from Camp Journey, a
neighboring summer camp for young
survivors of cancer.
Grandparents Day
9 10 11 12 13 14 15 “They have a blast…they don’t have
to think about anything but having
fun,” Jim said.
These campers helped inspire the
Prussacks to establish a designated
endowment fund that will one day
benefit the camp, along with the Boys
16 17 18 19 20 First Day of Autumn
21 22 and Girls Club, Kootenai Humane
Society, Post Falls Food Bank and
several other North Idaho charities. The
Prussacks will contribute to the fund
over the next decade; distributions will
be deferred until the fund receives a
larger gift from their estate.
“We’re passionate about helping
23/30 24 25 26 27 28 29 at-risk children and animals, especially in
North Idaho,” they said. “This is a great
way for us to do something positive
for our community and to support the
causes we care about in perpetuity.”
september
2018
AUGUST
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274 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“In printing this annual
report and calendar,
Pressworks was inspired by
the stories of grants and
donors that are transforming
people’s lives. We are
pleased to provide quality
printing at very affordable
prices to INWCF and other
nonprofits. It’s our way of
supporting your good work
and our community.”
Jim Hansen
Manager
Pressworks, Inc.
Causes That Matter: Idaho Trails Association
The Idaho Trails Association partners with land managers to and support to ensure project quality and success.
provide stewardship projects on public lands to engage citizen Thanks to a $7,920 grant from the Equinox Foundation Grant
volunteers for projects that range from one to seven days in Program at INWCF, the Idaho Trails Association will be working
length. They provide leadership, expertise and needed resources to manage and maintain hiking trails in Bonner and Boundary
to accomplish the projects with trained crew leaders, tools, food counties of north Idaho that have fallen into disrepair.
www.idahotrailsassociation.orgS U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
1 2 3 4 5 6
7 8 9 10 11 12 13
Newport-Priest River
Rotary Fund
and
Newport-Priest River
Rotary Education Fund
14 15 16 17 18 19 20 Howard W. Wildin II believed
education improved lives. So, when he
asked in his will that the local Newport-
Priest River Rotary Club use a portion
of his estate to better his community
through education, his fellow Rotarians
turned to Inland Northwest Community
Foundation to help make it happen.
21 22 23 24
United Nations Day
25 26 27 In 2017, with Howard’s gift, the club
established an endowed area of interest
fund and an endowed scholarship fund
at INWCF. Rotary members recommend
grants and awards from the funds’
distributable income to support higher
education, vocational training and other
events, activities and programs that spur
community and economic development
in Pend Oreille County and the West
28 29 30 Halloween
31 Bonner County School District area.
“Establishing these funds with a
501(c)(3) like INWCF offered significant
october
tax benefits, while also providing the
club sufficient flexibility to carry out
the donor’s intent,” said Steve Brown,
an honorary club member who helped
create the funds.
SEPTEMBER 2018 NOVEMBER 2018
2018
1 1 2 3
2 3 4 5 6 7 8 4 5 6 7 8 9 10
9 10 11 12 13 14 15 11 12 13 14 15 16 17
16 17 18 19 20 21 22
23 24 25 26 27 28 29 18 19 20 21 22 23 24
30 25 26 27 28 29 304 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“Educating clients about the
needs of our community
often motivates them to take
on a more active role sharing
their resources and talents.
Knowing the needs expands
their hearts for giving. They
can really make a difference
by supporting nonprofits
that do a tremendous
amount of work for the
people of Kootenai County.”
Janice Baldwin
Senior Vice President, Wealth
Management Advisor
Merrill Lynch
Coeur d’Alene
Causes that Matter: Kootenai Humane Society
Kootenai Humane Society is a no-kill animal organization that humane society carry out its commitment to offering lifesaving
works throughout Kootenai County to end animal abuse and programs to all animals that come through their doors. They
create better pet ownership by providing resources, training, provide fresh food and water, veterinary care, socialization, toys,
programs and education. treats and exercise to all animals in the shelter for the duration
A $4,000 grant from the Rosie Lehrer Fund for Kootenai of their stay. All animals at Kootenai Humane Society are
Humane Society, a designated fund at INWCF, is helping the vaccinated, spayed/neutered, and micro-chipped.
www.kootenaihumanesociety.comS U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
1 2 3
Daylight Savings
Time Ends
4 5 6 7 8 9 10 Helen Stowell Fund
Helen Stowell, a lifelong
resident of Spokane’s West Central
neighborhood, didn’t realize she
was a millionaire until she took a
grocery bag full of inherited stock
National certificates to a local financial
Veteran’s Day
11 12 13 14 Philanthropy
Day
15 16 17 advisor in the 1980s. Even after
learning of her wealth, she
continued to live modestly in her
home and give anonymously to a
variety of charities.
Helen was the last surviving
member of a pioneer Spokane
family. She attended North Central
18 19 20 21 22 23 24 High School and Washington State
University, which eventually led to
a career in social work. She also
served in the U.S. Naval Women’s
Reserve during World War II and the
Korean War.
Helen passed away in June
2015, leaving $3 million to Inland
Northwest Community Foundation.
25 26 27 28 Thanksgiving
29 30 31 Her gift established an endowed
fund at INWCF that will generate
approximately $120,000 annually to
support causes that were important
november
to her: animal welfare, wildlife and
protecting the environment.
OCTOBER 2018 DECEMBER 2018
2018
1 2 3 4 5 6 1
7 8 9 10 11 12 13 2 3 4 5 6 7 8
9 10 11 12 13 14 15
14 15 16 17 18 19 20
16 17 18 19 20 21 22
21 22 23 24 25 26 27 23 24 25 26 27 28 29
28 29 30 31 30 314 0 Ye a r s o f P h i l a n t h r o p y
Connecting people
who care with
causes that matter.
“Solving behavioral and
academic challenges at
middle schools with huge
poverty and cultural and
language barriers takes true
collaboration among multiple
community partners. We
were proud to join Gonzaga
University, Spokane Public
Schools, Boys and Girls Club
and Communities in Schools
in this breakthrough effort.“
W. Stacey Cowles
Publisher
The Spokesman-Review
Photo courtesy Gonzaga University
Causes that Matter: Hillyard Youth Collaborative
The Hillyard Youth Collaborative (HYC) is a multi-year Spokane County, Communities in Schools and Spokane
initiative to coordinate support services for students at Public Schools work together to identify students at risk
Shaw and Garry middle schools in Spokane. With a three- of dropping out of school, then coordinate services to
year, $400,000 co-funded grant from the Community improve outcomes around student ABCs – attendance,
Partners for Middle School Success Fund, HYC partners behavior and course completion.
including Gonzaga University, Boys and Girls Clubs of
www.website.orgS U N D AY M O N D AY T U E S D AY W E D N E S D AY T H U R S D AY F R I D AY S AT U R D AY People Who Care
1
Madeleine, Ray and Joseph Muths
Hanukkah
begins at
sundown
2 3 4 5 6 7 8 Madeline Muths
Memorial Fund
Former logger and long-time
Spokane resident Raymond Muths,
who died in 2015 at the age of
96, spent much of his life giving to
community charities. Now, thanks
9 10 11 12 13 14 15 to a new fund at Inland Northwest
Community Foundation, his generosity
and impact will live on.
Upon his passing, Raymond left
$2.35 million from his estate to
establish the Madeline Muths Memorial
Fund in honor of his late sister. The
fund was designed to benefit five
16 17 18 19 20 First Day
of Winter
21 22 Spokane-area charities previously
supported by Raymond.
“Ray wanted to make sure that
the assets he would leave would be
managed by qualified professionals
and continue to support the causes he
cared about after he passed away,”
said Brent Stanyer, an estate attorney
23/30 24/31 25 Kwanzaa
26 27 28 29
who advised Raymond.
New Year’s Eve Christmas Day Boxing Day Beneficiaries include The Arc of
Spokane, Catholic Charities Spokane,
Ronald McDonald House Charities,
december
The Spokesman-Review Christmas
Fund, and Second Harvest Food Bank
of the Inland Northwest. Last fall,
each organization received an initial
distribution of nearly $20,000.
NOVEMBER 2018 JANUARY 2019
2018
1 2 3 1 2 3 4 5
4 5 6 7 8 9 10 6 7 8 9 10 11 12
11 12 13 14 15 16 17 13 14 15 16 17 18 19
18 19 20 21 22 23 24 20 21 22 23 24 25 26
25 26 27 28 29 30 27 28 29 30 31I N W C F S T A F F
Shelly O’Quinn PJ Watters Molly Sanchez Lauren Nissen
CEO Director of Gift Planning Director of Grants and Operations Manager
Community Engagement
Cacy Smith Collette Jarvelin Kathy Johnson Lou Wilmot
Staff Accountant Gift Planning Specialist Executive Assistant Administrative Assistant
4 0 Ye a r s o f P h i l a n t h r o p y
421 W. Riverside Avenue
Suite 606
Spokane, WA, 99201-0405
509-624-2606 • 888-267-5606
www.inwcf.orgPA R T N E R S H I P F U N D D O N O R S
J U LY 1 , 2 0 1 6 – J U N E 3 0 , 2 0 1 7
The Partnership Fund at Inland Northwest Community Foundation is a critical component of our organizational funding that allows more dollars to be ultimately
placed in the hands of the nonprofit organizations that are making a significant and positive impact in our region. The Partnership Fund supports a full range of
projects that fulfill the Foundation’s mission to foster vibrant and sustainable communities. These projects include the INWCF newsletter and annual report,
as well as our annual reception that celebrates donors and the impact of their philanthropy. We are grateful to the following individuals and organizations.
With their support, we continue to improve the quality of life throughout the Inland Northwest.
INNOVATOR $10,000+ Columbia Bank Bob & Paula Hurtubise John & Karen Schindele Bob & Elinor Magnuson
Empire Health Foundation Cowles Company Vicki K. Jorgens Craig & Pauline Soehren Chris & Kris Mikkelsen
Eugene Fischer Endowment Trust Eide Bailly LLP Douglas B. Klaue Morgan Stanley Joel & Joy Moore
Robert & Mary Helen Larson The Feuerstein Group, Inc. Steve & Marla Larson Frank & Willi Storey Cheryl Morgan
– Merrill Lynch / Bank of at Waddell & Reed Edward & Susan Leach Wayne & Judy Walther Shelly J. O’Quinn
America Foundation Kenji & Mary Higuchi Loran Graham Co. PJ & George Watters Dr. Robert Parker
Matching Gifts Inland Imaging Patricia & Kevin McRae Wanda C. Quinn
Betsy Jewett and Rick Gill Meg Miller STEWARD $100-$249 Alan & Jane Roecks
CATALYST $5,000-$9,999 Russ & Julie Johnson RBC Foundation - USA Roberto & Susan Auffant Kay Rowley
Harold & Priscilla Gilkey Barry & Carole Jones Tom & Gail Stevenson Robert Benson Marvin & Helen Soehren
Michael & Tena Bibin – Betty Lukins Kyle & Jennifer Weir Jane A. Bowen Vision Marketing
Michael J. Bibin & Assoc., CPA, P.A.
Scott & Michele Magnuson Dr. Elizabeth Welty Gordon & Rhoda Budke Pat & Carol West
Washington Trust Bank
Margaret W. Reed Foundation Betsy Wilkerson Keith Carter
Richard & Anita Molstead Vern & Mary Ziegler Pati Dahmen and Louis Ray FRIEND UP TO $100
BENEFACTOR $2,500-$4,999
Charlie & Susan Nipp Bill & Carole Zuppe Richard Domey and Anonymous
Bing & Linda Farmin
Northern Quest Resort & Casino Diane Gillespie Bruce & Kathy Bixler
Dee & Mary Ann McGonigle
Pressworks PARTNER $250-$499 Ryan & Brenna Douglas Delkena R. Brown
Merrill Lynch
Kit & Christie Querna Don Allen Vicki Egesdal Manuel & Judith Garcia
Bill & Cheryl Papesh
John Respold Anonymous (3) Connie Emry Elita & Ottiwell Jones
Richards, Merrill & Peterson
K. Collins Sprague Robert & Sharon Batty John & Vic Forni Ronald & Cynthia Nutkowitz
Schoedel & Schoedel,
Troy & Jan Tymesen William O. Bouten Henry & Susan Gerber Beverly Lingle and
CPAs PLLC
Ed & Lynn Van Vliet Richard & Maureen Boutz Jane Helen Giesel Buddy Paul
Kevin & Jennifer West Mark & Britney Calkins Emily Gordon Clyde & Elizabeth Ries
PATRON $1,000-$2,499
Michael & Carol Wilson Empire Cold Storage & Frosty Ice Bart & Lindell Haggin Traci J. Roth
Ager Consulting
G. Stanley & Joan Fergin Roberta Hunt Betty Skidmore
Shelley L. Bennett
SUSTAINER $500-$999 Foster Pepper Kathleen Irwin Dick & Shirlee Wandrocke
Bob & Meg Bishopp
Joe & Mary Dinnison Candace & Hal Godwin Cory & Jessica Johnson
Sandi Bloem
Dennis J. Dowling Rick Jensen and Susan Cerutti- Ed & Val Jolicoeur
Frank & Sharon Bouten
Susan Eugster Jensen Ken & Marie Kapstafer
Janice Baldwin – Merrill Lynch
/ Bank of America Foundation James & Sheila Harless Scott & Vicki Jones Philip Kuharski
Matching Gifts HUB International Northwest Pathology Associates Medical Chris Kutteruf and Anita Robinson
K. Duane & Terri Brelsford Mark & Rowena Hurtubise Laboratories Evelyn P. Leithe
Flip over for Annual Report2017 ANNUAL REPORT
4 0 Ye a r s o f P h i l a n t h r o p y
F O S T E R I N G V I B R A N T A N D S U S T A I N A B L E C O M M U N I T I E S I N T H E I N L A N D N O R T H W E S TFISCAL YEAR 2017 FISCAL YEAR 2018
BOARD OF DIRECTORS BOARD OF DIRECTORS
OFFICERS
OFFICERS DIRECTORS
Robert P. Bishopp, Chair Janice Baldwin
Sandi Bloem
Shelley L. Bennett, Vice Chair
Robert Blume
Michael J. Bibin, Secretary
Carla Cicero
Patricia McRae
Meg Miller
Shelley L. Bennett Meg Miller K. Collins Sprague
K. Collins Sprague
President Vice President Secretary-Treasurer
Jennifer West
Carol Wilson
DIRECTORS
CHAIRMEN EMERITI
Robert P Bishopp Sandy Patano
Richard W. Boutz Dale N. Schuman
Mary Elizabeth Burroughs William E. Shelby
Arthur B. Craig, M.D.* Janet Skadan*
Janice Baldwin Michael J. Bibin Robert P. Bishopp
Pati Dahmen Craig R. Soehren
Ronald P. Douglas Marvin F. Soehren
Robert D. Fukai Richard R. Stacey*
Harold B. Gilkey Allan H. Toole*
William R. Hawley Vivian Winston*
Mary C. Heath Ross F. Wood, Jr.
Robert A. Larson Roger D. Woodworth
Charles C. Leithe, DDS* Sandi Bloem Robert Blume Carla Cicero
* Deceased
Kay B. Lester
Scott B. Lukins* For a complete list of
Bonnie M. Morrow the Board Emeriti, visit
James K. Muller, DDS* www.inwcf.org.
Beverly A. Neraas* Go to Learn and click on
C. Robert Ogden* Who We Are.
Kevin Parker Jennifer West Carol Wilson
Annual Report Cover Photo: © Robyn Miller/TNC
Volunteers page 1F I S C A L Y E A R 2 0 1 7 2017 S C H O L A RS H I P
F O U N D AT I O N C O M M I T T E E S CO M M I T T E E VO L U N T E E RS
GOVERNANCE/ GIFT PLANNING NORTH IDAHO Lillian M. Bailey Joy-Hughes Scholarship Ren H. Rice Scholarship
NOMINATING COMMITTEE COMMITTEE PARTNERSHIP COUNCIL Scholarship Pati Dahmen The Honorable
Robert P. Bishopp, Chair Patricia McRae, Chair Ellen Delavan Beth Dunbar Brett Hale Harold D. Clarke
Shelley L. Bennett, Vice Barbara Jackson Larry Holter Nancy Pemberton Margaret Crabtree
K. Collins Sprague, Vice Debbie Mathews Dan Lobb
Chair Chair Paul Kimmell Larry Reed Idaho Panhandle Dental
Michael Bibin, Secretary Sandy Bloem Geraldine Lewis Society Memorial John R. Rogers Ziegler
East Spokane Kiwanis Scholarship Family Scholarship
Duane Brelsford Michele Magnuson Scholarship Catherine Brazil Pati Dahmen
Jeff Crandall Matt Mire Catherine Brazil Pati Dahmen Brett Hale
COLUMBIA COUNTY Joe Dinnison Helen Muffly Pati Dahmen DJ Sebanc Nancy Pemberton
CHILDREN’S FUND DJ Sebanc Dr. John Ukich
ADVISORY COMMITTEE Candace Godwin Cheryl Morgan Teresa Venne William & Flossie
Jennifer Ashlock David Green Jennifer Stovern Doris L. Kenney Sanborn Scholarship
Dallas Dickinson Scott Jones Joe & June Fulton – Memorial Scholarship Judy Boutain
Dave Walter
Liberty High School Leslie Brady Sharon Culligan
Melissa Jensen Bob Larson Donna Woolston Scholarship Phil Kemink Tracey Korthuis
Stephanie Taylor Aaron Fletcher Joe Kren Joy Vold
Duke Hammond Jeralyn Mire
FINANCE/INVESTMENT RAPID RESPONSE TO
COMMITTEE Larry Hardie Andra Murray Hoyt & Edith Schuyler
GRANTS COMMITTEE POVERTY ADVISORY Kyle Rydell Scholarship
Carla Cicero, Chair COMMITTEE
Janice Baldwin, Chair Kuehnle Family Leslie Brady
Rob Blume, Vice Chair Region 1 Clarence Hines, Scholarship Phil Kemink
Carol Wilson, Vice Chair
Andrew Brajcich Melvin & Josephine Ann Mark Andra Murray
Terrie Ashby-Scott (Ferry/Stevens/ Ripley and Jim McAdam Leslie Brady
Robert Cole Pend Oreille counties): Francis & Sabina
Ben Cabildo Kelly Shea
Loran Graham Catherine Brown Schreiber Scholarship Heidi Youseph Dale Wilson Farm/
Gabriel Cruden Colfax Schools
Meg Miller Beverly Sarles Mondovi Grange
Susan Cerutti-Jensen Foundation Scholarship
Lenhart Scholarship
Chandra Schumacher Steven Apple Laura Anderson Nancy Johnson
Karl Dye
Garry Shea Sandy Moore Annie Maria Hitchings Joanne Schultz
Keith Kelley Scholarship David Simms
Janis Tucker Lorri Williams
Bill Simer St. John-Endicott Schools
Paul Kimmell Region 2 Judy Wages
Jan Tymesen Foundation
Barbara Richardson Denny & Thelma
(Adams and Yasuhara Scholarship
Lincoln counties): Lucille I. Hudon David L. &
Stephanie Schweitzer Frances G. Ray Catherine Brazil
PALOUSE REGION/ Lloyd Stoess Scholarship
Jennifer West Scholarship Pati Dahmen
PULLMAN COMMUNITY Catherine Brazil
Dale Anderson Jonas Parshall
GRANTS ADVISORY Betsy Wilkerson Region 3 Pati Dahmen
Timmie Blauert DJ Sebanc
COMMITTEE DJ Sebanc
Francis Benjamin (Whitman, Asotin, Randy Roth
Columbia and
Paul Kimmell Garfield counties):
Robin Ohlgren Donna Deal
Peady Schwabe Peady Schwabe
Mike Waite
Donna Woolston
Volunteers page 2FISCAL YEAR 2017 FINANCIAL HIGHLIGHTS PRIMARY INVESTMENT
MANAGERS
PRIMARY INVESTMENT
MANAGERS
American Funds
Inland Northwest Community Foundation (INWCF) is proud to be Aurora Investment Mgmt.
BlackRock Funds
the steward of $114.1 million in 489 charitable funds established Charles Schwab
Dimensional Fund Advisors
by generous donors throughout the Inland Northwest. Dodge and Cox
We have awarded over $65 million in grants and scholarships Doubleline Funds
Gateway
throughout the region since the Foundation’s inception in 1974. JP Morgan
Magnitude
During fiscal year 2017, we distributed $6.3 million to support Parametric
RREEF
charitable work regionally, nationally, and internationally. Templeton
We are grateful to our donors for their contributions and Third Avenue Funds
Vanguard
continued partnership. Wasatch
Westwood Funds
ADDITIONAL INVESTMENT
MANAGERS, BANKS AND
TRUST COMPANIES
John Hancock Life Insurance
INWCF Company
Cumulative Assets & Grants KMS Financial Services, Inc.
Dollars in Millions Lincoln Life & Annuity Company
Merrill Lynch, Inc.
$100,000 Northwestern Mutual Life
Insurance Company
Numerica Credit Union
$75,000
RBC Wealth Management
Asset Growth Richards, Merrill & Peterson, Inc.
Shea & Harley Family Wealth
Cumulative Consulting & Management at UBS
$50,0000 UBS Financial Services
Vanguard Group
Waddell & Reed Financial Advisors
Grant Awards
$25,000 Cumulative
Wells Fargo Advisors
LEGAL COUNSEL
$0 Peter A. Witherspoon
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
INDEPENDENT AUDITOR
Fiscal Years Schoedel & Schoedel CPAs, PLLC
Panhandle Animal Shelter
INVESTMENT ADVISOR
Fund Evaluation Group
Finance page 3CONSOLIDATED INVESTMENT FUND
The Foundation’s endowed assets are pooled in a portfolio specifically created for Inland Northwest
Community Foundation (INWCF). The Board of Directors, Finance/Investment Committee, professional
staff and external investment consultant monitor the performance of the Consolidated Investment Fund
on a monthly basis and oversee the Foundation’s investment policy, including asset allocation.
Inland Northwest Community Foundation
Consolidated Investment Fund Performance as of June 30, 2017
INWCF Investment Return* Custom Benchmark**
One Year 12.9% 10.9%
Three Years 3.4% 3.7%
Five Years 7.7% 7.0%
Ten Years 4.3% 4.4%
*INWCF returns are net of investment management fees.
**Custom benchmark is derived from a weighted average of the major stock and
bond indexes based on INWCF’s asset allocation target.
Target Asset Allocation
Investment Objectives
US Equities International The Consolidated Investment Fund has a long-term outlook.
25% Equities
25% It is structured with the objective of achieving a total
return in excess of the targeted spending policy, including
inflation. The guiding philosophy of the Consolidated
Investment Fund’s management is to promote the prudent
Hedge Equities Domestic
10% Fixed Income stewardship of funds entrusted to INWCF to benefit the
15% communities and charitable organizations we serve.
Absolute The Consolidated Investment Fund is broadly diversified
Return
10% Real across asset classes and investment styles in order to
Return
enhance investment results and minimize risk.
10%
International
Fixed Income
Finance page 4 5%STATEMENT OF FINANCIAL POSITION Lifetime Giving Circles
AS OF J UNE 3 0 , 2 0 1 7 W I T H C O MPAR AT I V E T O TA L S F O R J U N E 3 0 , 2 0 1 6
ASSETS 2017 2016
ASSETS:
Cash and cash equivalents 166,531 587,127
Accounts receivable 81,395 28,584
Prepaid Expenses 11,740
Investments 105,469,081 89,514,143
Furniture and equipment, net of depreciation 17,739 23,783
Deferred gifts receivable – future interests 3,679,689 3,170,242
Supporting organizations
Cash and cash equivalents 110,225 106,050
Real estate 4,671,829 4,723,614 Margaret Featherstone Galbraith
Total assets $114,196,489 $98,165,283
Featherstone-Galbraith
LIABILITIES AND NET ASSETS Circle
LIABILITIES: Margaret Featherstone Galbraith
Accounts payable 147,947 104,834 gave nearly $12 million to charity in
Deferred salary payable 195,054 165,602 her lifetime and through her estate.
Although Margaret inherited money
Grants payable 447,709 732,841 from her father (Judge Albert H.
Supporting Organizations: Deferred Revenue 51,560 51,560 Featherstone, who served as Mayor
Total liabilities 842,270 1,054,837 of Wallace, Idaho), as a bookkeeper,
she was a very astute investment
manager of her own money. Her
AGENCY FUNDS: legacy is the Margaret F. Galbraith
Amounts designated for specific organizations 12,885,735 11,300,518 Fund, which supports children’s
NET ASSETS: programs, conservation efforts,
Unrestricted economic development, parks and
other causes in North Idaho.
Administrative 2,072,874 1,946,410
Discretionary 50,319,486 44,852,366 Lifetime Giving Level: $10 million
Area of Interest 15,956,896 11,201,778
Designated 18,757,890 15,201,779
Scholarship 4,933,417 4,635,466
Equipment 17,739 23,783
Total unrestricted 92,058,302 77,861,582
Temporarily restricted – future interests 3,679,689 3,170,242
Temporarily restricted – supporting organizations 4,730,493 4,788,104
Total temporarily restricted 8,410,182 7,948,346
Total net assets 100,468,484 85,809,928
Total liabilities and net assets $114,196,489 $98,165,283
Finance page 5S TAT E M E N T O F A C T I V I T Y & C H A N G E I N N E T A S S E T S Lifetime Giving Circles
AS OF J UNE 3 0 , 2 0 1 7 W I T H C O MPAR AT I V E T O TA L S F O R J U N E 3 0 , 2 0 1 6
Total All Funds Total All Funds
2017 2016
REVENUES AND SUPPORT
Contributions $12,686,181 $11,149,906
Contributions – from supporting organizations — —
Contributions – future interest valuation 594,002 92,360
Net investment gains –
Realized and unrealized 7,850,590 (3,620,102)
Interest and dividends 2,974,374 2,527,832
Fees received 1,123,671 1,001,624
Sam Leuthold
Grants returned 28,234 42,798
Other income 278,197 230,214
Lumberman and business owner
In-kind contributions 4,700 7,419
John “Sam” Leuthold created the
Less: Amounts allocable to agency funds (2,077,491) (1,443,866)
Leuthold Foundation with his wife
Betty in 1948. By 1996, the Leuthold
Total revenues and other support 23,548,458 9,988,185 Foundation had grown to $7.5
million, and the family transferred
EXPENSES its assets to INWCF. The Leutholds
Grants and Program expenditures 6,363,330 5,133,921 asked the community foundation
Program-related expenses: to use their fund to meet the
Grant administration community’s greatest needs.
Grantmaking 328,634 330,026
Philanthropic services 143,975 94,881 Lifetime Giving Level: $5 million
Special projects 154,435 147,878
Fund management 55,866 52,738
Investment management fees 290,297 227,898
Administrative fees 1,215,122 1,047,444
Less: Amounts allocable to agency funds (492,274) (340,362)
Total program services 8,059,385 6,694,424
Supporting Services:
Administrative 709,994 514,282
Development 120,523 117,522
Total supporting services 830,517 631,804
Total expenses 8,889,902 7,326,228
CHANGE IN NET ASSETS 14,658,556 2,661,957
NET ASSETS – Beginning of year 85,809,928 83,147,971
NET ASSETS – End of year $100,468,484 $85,809,928
Finance page 6GRANTMAKING
Fiscal Year 2016 All Grants by Program Area
Inland Northwest Community Foundation grants provide
valuable support to a variety of organizations and programs.
This chart shows all grants awarded in fiscal year 2016 by the
type of program funded.
Fiscal Year 2016
Grants & Scholarships
Community
Development &
Environment
$712,961
Arts & Culture
$513,825
Human Services
$2,510,585
Education,
including
Scholarships
$1,079,947
Boys and Girls Club of Kootenai County
Grants page 7DESIGNATED GRANTS Lifetime Giving Circles
DE S I GNAT E D GR ANT S F O R F I S C AL Y E AR J ULY 1 , 2 0 1 6 – J U N E 3 0 , 2 0 1 7
Nonprofit organizations received $1,024,585 in designated grants from donors who established funds that name one or
more organizations to be the recipients of regular (usually annual) grants from the fund.
Alternatives for Burmese Children Good Hope Lutheran Church Opportunity Presbyterian Church SpokAnimal C.A.R.E.
American National Red Cross Goodwill Industries of the Orchard Prairie School District Spokesman Review Christmas Fund
American Red Cross Inland Inland Northwest Panhandle Alliance for Education St. Anthony Parish
Northwest Chapter Habitat for Humanity Spokane Parents’ Cooperative Society for the St. James Episcopal Church
Americares Foundation Holy Names Music Center Handicapped St. John-Endicott Schools’
Burlington-Edison Education and at Fort Wright Partners in Health Foundation
Alumni Foundation Hospice of Salmon Valley Peace Lutheran Church St. Joseph Care Center
California Lutheran University Hospice of Spokane Peone Cemetery Association Transitional Programs For Women
Cathedral of St. John the Evangelist Hutton Settlement Priest Lake Community Trinity Lutheran Seminary Florence Wasmer
Center for Justice Inland Northwest Education Foundation Union Gospel Mission
Cheney High School Community Foundation Project Hope Association of Spokane
Kittitas County Genealogical Society
Wasmer Circle
Chewelah School District Providence Senior & United States Fund for UNICEF
City of Dayton Kootenai Health Foundation Community Services United Way of Pullman Louis Wasmer brought KHQ radio
City of Pullman Krista Foundation Pullman Child Welfare Association University of Idaho - Student from Seattle to Spokane in 1925
for Global Citizenship Pullman Education Foundation Financial Aid Services
City of Ritzville in his Model T. He went on air
Kootenai Humane Society RiteCare of Washington University of Idaho Foundation as the region’s first radio station
Clark Fork Jr/Sr High School
Leadership Spokane Riverview Retirement Community University of Montana Foundation broadcasting from the Davenport
Coeur d’Alene Summer Theatre
Lewis & Clark Rockwood Residents’ Foundation Valley School District Hotel. Florence was a violinist who
Colfax Schools Foundation Fort Mandan Foundation
Rosalia High School Vanessa Behan Crisis Nursery worked as a musician for one of
Colville Dollars for Scholars Lewis and Clark High School Louis’ stations. They married in 1940.
Community Colleges of Salvation Army of Spokane Volunteers of America of Eastern
Lilac Services for the Blind Washington & Northern Idaho When Louis died in 1967, Florence
Spokane Foundation Sandpoint High School established the Wasmer Foundation.
Luther Seminary Wartburg Theological Seminary
Community Congregational Save the Children Upon her death in 2001, assets were
United Church of Christ Lutherhaven Ministries Washington Idaho
Second Harvest Food Bank of the transferred to INWCF to establish
Cutter Theatre Marshall Cemetery Association Inland Northwest Symphony Association
two grant programs supporting
Davis High School Mead Education Foundation Shriners Hospitals for Children Washington State University
College of Nursing children and families and the arts.
Dishman Hills Conservancy Mercy Corps Simpson United Methodist Church
Mica Peak Cemetery Association Whitman County
Dugan Foundation Spokane Chamber Music Association Genealogical Society Lifetime Giving Level: $2.5 million
Eastern State Hospital Millwood Community Spokane Community College
Presbyterian Church Whitman Hospital &
Eastern Washington Spokane County United Way Medical Center Foundation
University Foundation Morning Star Foundation
Spokane Guilds’ School and Whitworth University
Exchange Club of Moses Lake Museum and Art Center Neuromuscular Center Whitworth University-
Downtown Spokane Musicfest Northwest Spokane Guilds’ School Foundation Financial Aid Office
First Presbyterian Church of Spokane Neill Public Library Spokane Humane Society Wilbur Cemetery Association
Food for the Poor Nels Venerus Hockey Spokane Neighborhood Women Helping Women Fund
FoundationONE Scholarship Foundation Action Partners World Vision
Friends of KSPS North Idaho College Foundation Spokane Parks Foundation WSU Office of Scholarship Services
Friends of Neill Public Library North Idaho Friends of Opera & the Spokane Public Library Foundation
Arts/Opera Coeur d’Alene WSU College of Agriculture, Human
Girl Scouts Eastern Washington & Spokane Symphony Society and Natural Resource Sciences
Northern Idaho Northeast Washington
Education Council Spokane Valley Heritage Museum YMCA of the Inland Northwest
Gonzaga Preparatory School Spokane-Nishinomiya
Northwest Museum of
Gonzaga University Arts & Culture Sister City Society
Grants page 8You can also read
