WESTERN COLORADO COMMUNITY FOUNDATION

w e s t e r n c o l o r a d o
c o m m u n i t y f o u n d a t i o n
2008
a n n u a l
r e p o r t
L e a v e y o u r m a r k . . .
charitable endowments for community good

HOLDING THE COURSE
or most individuals and institutions, 2008 was a year defined by a severe economic
F recession and pervasive worry and anxiety about what the future holds. The meltdown
on Wall Street and ensuing global financial crisis, declining housing values and a wave
of foreclosures, auto and airline companies on the brink of bankruptcy, and rising
unemployment dominated the news. No family or business or organization is untouched
by this recession. And while our Community Foundation’s investments did decrease, that
shrinkage has not been as steep as many other foundations in Colorado. We do not hold
overly-aggressive investments. We did not panic and sell off assets. Bernie Madoff wasn’t
managing any of our money.
We are holding the course with our solid investment strategy of moderate long term
growth. Our Investment Committee continues to manage a rigorous and proactive
oversight process monitoring investment performance and compliance with our policy.
As the economy rebounds, we will be in an excellent position to move forward. We keep
our eyes on the long-term goal of building an institution holding legacy gifts for our
donors and providing permanent funding for a variety of causes that benefit the people
and communities of western Colorado. WCCF will weather this storm.
Despite the context of doom and gloom, 2008 was a very exciting year for our Community
Foundation, full of growth and expansion. We started working in close affiliation with
the 2 Rivers Community Foundation in Glenwood Springs and launched our second
affiliation with the Rifle Community Foundation. We hired four new staff, including two
new positions – an Office Manager and an Outreach Coordinator to work in several
of the communities we serve in Garfield County. 2008 was the pilot year of our largest
scholarship program; more than a hundred candidates were interviewed and dozens
of students graduating from Rifle, Coal Ridge and Grand Valley High Schools won
scholarships.
Because of this program and others, we were able to award a record-setting $630,000
in grants and scholarships. Our donors, while mindful and worried about their own
circumstances, very much care about what is happening in the community. Their
generosity was especially impressive in 2008, a year when so many of us were feeling
pinched. Over $2.1 million in new donations were made to our Community Foundation.
We established 15 new funds, double the number of funds established the year before,
and documented ten new planned gifts.
We do not know what the immediate future holds for our communities and our country.
But we do know the Western Colorado Community Foundation is here for the long-term.
Our donors, the nonprofit organizations we fund, and our communities can count on that.
Robert E. Johnson
Chairman, WCCF Board
Anne Wenzel
President and Executive Director
Mission and Purpose
The mission of the Western
Colorado Community Foundation is:
• to promote charitable giving
• to build and manage charitable
endowment funds
• to provide grants and other
resources to benefit the residents
and communities of Western
Colorado
2008 Highlights
• Over $630,000 in grants and
scholarships awarded.
• Huge expansion of scholarship
program, helping a total of 61
students – a 4-fold increase over
2007 in terms of the number of
students served and scholarship
funds distributed.
• 17 nonprofit training programs
served approximately 400
people.
• Over $2.1 million in new
donations raised, despite the
economy in recession.
• 15 new named funds established.
• 10 new charitable legacy planned
gifts documented.
• Hired first Garfield County
Director to work with the 2 Rivers
Community Foundation, Mt.
Callahan Community Fund, and
the Rifle Community Foundation.
• New affiliation with the Rifle
Community Foundation launched.
• • • •

Types of Funds
WCCF offers a number of different types of endowment funds for donors
A word about
our logo
• The circle reflects a sense of
community and our connectedness
to others….
• The spiral reflects the power of
endowment, a permanent gift
that keeps on giving…
• The petroglyph symbolizes those
who have been before us and
have left their mark….
LEAVE YOUR MARK…
Charitable endowments for
community good
DONOR-ADVISED FUNDS
provide the ultimate flexibility, allowing the donor to recommend specific organizations to
receive grants each year.
DESIGNATED FUNDS
are established by donors who wish to support a favorite specific charitable organization.
AGENCY ENDOWMENTS
are established by nonprofit organizations to provide income for themselves.
SCHOLARSHIP FUNDS
provide funds for students’ education.
FIELD-OF-INTEREST FUNDS
are for a broad area of interest such as children and youth or arts and culture. WCCF will
make grants to organizations making a difference in that arena.
GEOGRAPHIC AREA FUNDS
benefit a particular geographic area or community designated by the donor.
UNRESTRICTED FUNDS
enable WCCF to respond to changing community needs.
Ways to Give
There are many ways to give to the WCCF
CASH
is the simplest way to give and always welcome. A cash gift provides immediate tax
benefits to the donor.
MEMORIAL
contributions are made in the honor or memory of a family member, friend or other loved
one.
STOCK AND SECURITIES
can be donated to the Community Foundation. Appreciated securities have double tax
advantage. The donor gets an annual charitable tax deduction and avoids capital gains
taxes.
REAL ESTATE
and other property can be donated to the Community Foundation, again with special tax
benefits.
LIFE INSURANCE
A donor can name WCCF as beneficiary of an existing policy that is no longer needed,
or consider purchasing a life insurance policy naming the Community Foundation as
irrevocable beneficiary. The latter approach allows the donor to deduct the premiums paid
from his or her tax bill.
LIFE INCOME GIFTS
Special techniques such as a Charitable Gift Annuity or Charitable Remainder Trust allow
the donor to receive considerable tax deductions and an income for life. When the donor
passes away, the remainder transfers to WCCF for use specified by the donor.
BEQUEST OR ESTATE GIFT
People who care about western Colorado may name the Western Colorado Community
Foundation in their will or estate plan. Even though the gift matures later, the donor is
honored and recognized during his or her lifetime as a member of the WCCF Legacy
Society.
• • • •

Donor-advised Funds
Personal and Flexible Giving for Your Family
Thomas B. Beard Fund
Celebrating a Lifetime of Community Involvement
Tom Beard was a successful real estate
developer in Florida when he moved to
Colorado in 1993 to accept the position of
President of Battlement Mesa. He worked
for more than a decade building the
planned community south of Parachute in
western Garfield County.
Tom came to love the landscape and
lifestyle of western Colorado. He and his
wife, Pam, owned a small ranch that they
ultimately placed under conservation
easement to preserve its beauty.
The Power of Endowments
Gifts that Keep on Giving, Keep on Growing
Tom always believed in working and
contributing at the “grass roots” level
in all things that mattered most to him:
politics, education, affordable housing,
and the development of neighborhoods
where people could live well and thrive.
His wife set up a memorial fund to remind people of the difference he made in his life.
“I think a charitable endowment fund is a beautiful way to pay tribute to someone I love
who made a distinct difference in our community. This fund will allow me to support
things that mattered to us while continuing to remember him.”
Endowments have been described as the charitable gift that lasts. Donors
interested in permanently supporting their favorite charity are invited to
consider a named endowment fund at WCCF.
For example, Mrs. Altruistic Smith currently makes an annual gift of $500
to her favorite charity.
Mrs. Smith can establish an endowment of $10,000. The endowment gift could
be made now or as an end-of-life gift. Every year, her favorite charity would
typically receive a 5% payout in Mrs. Smith’s name.
Assuming 8% annual earnings, in 20 years the $10,000 endowment will have
grown to $14,860, plus the charity would have received a total of $12,150.
And this gift will keep on growing and giving in Mrs. Smith’s name.
Donor-advised
funds are the
most flexible
of our endowed funds. Earnings
are available every year for the
donor family to grant to charities
of their choosing.
Children, grandchildren and other
family members are frequently
involved in the process,
continuing the tradition of family
philanthropy in memory of the
donor.
Donor-advised funds are an
attractive alternative to private
foundations; all legal, tax and
administrative requirements are
handled by our organization.
Please contact us at
(970) 243-3767 to discuss
your interests.
• • • •

Nonprofit Agency and Designated Funds
Permanent Funding for Organizations
Marillac Clinic
Insuring health care in the future for those without
Marillac Clinic has provided affordable primary health care to uninsured, low-middle
income residents of Mesa County for over twenty years. Last year more than 294,000
patients received medical, mental health, dental and optical care. In 2008, Marillac
Clinic made a commitment to start an endowment fund at our Community Foundation
to help diversify its annual income and to insure that its services and programs would
be sustainable in the future. O’Nita Burnett, Marillac’s Director of Finance, said, “The
Community Foundation is an attractive partner for us. We are in the health care business,
they are in the endowment business. Our donors can have confidence their endowment
donations will be well managed and invested to grow over time. We can focus on patient
care and leave investing decisions to the pros.”
Endowments
provide a permanent
source of funding for
nonprofit organizations:
“Agency funds” are established
by the nonprofit organization.
“Designated funds” are
established by a donor to provide
ongoing annual support to a
favorite nonprofit.
Working through WCCF, donors
know their funds are expertly
managed by an organization
that specializes in charitable
endowments.
Pooled investments can earn better
returns. And donors can have
confidence their contributions
will be used as intended.
Valley View Hospital Foundation
First hospital to establish an endowment with our Community Foundation
The Valley View Hospital
Foundation raises private
donations, grants and capital
funds to accelerate excellence
in health care at the Glenwood
Springs hospital. Established
in 2003, the Foundation is a
relatively new organization and
has demonstrated a remarkable
track record, raising over $3.8
million in five years. This year
its board wanted to start an
endowment fund and chose
WCCF as its partner. Mary
Steinbrecher, President of the Board of Directors, remarked, “We are pleased to partner
with the WCCF in managing our endowment. This allows us to focus on the development
tasks of our Foundation.” In the future, the endowment will provide funding for special
projects every year.
Grand Valley/Parachute Kiwanis Club
Service club leaders perpetuate commitment to their local community
The Grand Valley/Parachute Kiwanis Club is an active service
organization of 72 members serving the Parachute area since
1993. In 2008, their Foundation established an endowment
fund with our Community Foundation. Notes long-time
Kiwanis leader Roy Brubacher, “The goal of Kiwanis is to help
children – our goal for a long time. And I figure we are going
to have children to serve well into the future. An endowment
helps point our organization towards that future.”
• • • •

Affiliates and Geographic Funds
working in local communities
Rifle Community Foundation
A new Endowment Partnership
Since 2008, our regional Community Foundation is pleased to be working in partnership
with the Rifle Community Foundation. Rifle leaders want to attract more private
donations to support their annual grants process and to invite Rifle residents to invest
in their community by creating endowment funds. A new endowment to provide merit
awards for academic excellence at Rifle High School was established by a long-time Rifle
family with a commitment to public education. Notes Rifle Mayor Keith Lambert who
serves on the Rifle Community Foundation board, “Our ability to further our cause in
Rifle will be greatly enhanced through our affiliation with WCCF.”
2 Rivers Community Foundation
Successful first year for Affiliation
2008 was the first year of affiliation between the 2 Rivers Community Foundation in
Glenwood Springs and our regional Community Foundation. We hired a part-time staff
person to work more actively in Glenwood and other communities in Garfield County.
A number of new donors set up funds and are considering charitable endowment legacy
gifts to benefit the communities they call home.
Mt. Callahan Community Fund
Celebrating Parachute’s 100th anniversary
The Town of Parachute celebrated its centennial in 2008. In honor of this milestone, the
Mt. Callahan Community Fund launched a campaign to raise $100,000 for its community
endowment. Community-minded citizens and businesses donated to this campaign. Over
the course of six years, the Mt. Callahan Community Fund has distributed $75,000 to
local organizations benefiting the citizens of Parachute and Battlement Mesa. The larger
endowment will provide permanent funding to benefit these communities.
Thank you
to these generous donors to the
Parachute 100/100 campaign:
Alpine Bank of Battlement Mesa
Judith Hayward
Betty and George Letson
Ivo and Betty Lindauer
Tom and Lou Roess
Lynn and Lynn Shore
Town of Parachute
Partnerships
between smaller community
foundations and regional or
statewide community foundations
can increase administrative
efficiencies and program
effectiveness.
Such affiliations are proving highly
successful in rural parts of the
country where limited population
numbers make sustaining a
full-service community foundation
difficult.
The local community
foundation brings its own
leadership and visibility in the
community, as well as an extensive
knowledge of community needs,
programs and resources.
The regional community
foundation brings strong backoffice
administration systems and
endowment management expertise
to the affiliation.
These affiliations are “win-win”
for both the local and the regional
community foundations.
• • • •

OUR Community Foundation awarded over
Supporting nonprofit organizations and causes across western Colorado…
The following list includes grants made from our Donor-Advised Funds, Agency and
Designated Funds, Field-of-Interest Funds, Geographic Area Funds, and our General
Community Grants Fund. The dollar amount may represent more than one grant. A small
number of grants made to organizations outside western Colorado are not listed.
PROMOTING
LITERACY
Grand Valley Catholic
Outreach’s Book-in-
Hand program provided
almost 1,000 new books
to children between ages
one and six.
NEW HOSPICE CARE
CENTER OPENS
Many of our donor advisors
provided funding for the
recently completed Heart of
Care campaign to build this
state-of-the art facility.
American Red Cross/Western Colorado chapter. . . . . . . $50
Black Canyon Land Trust . . . . . . . . . . . . . . . $2,000
Boy Scouts of America - Western CO Council. . . . . . $3,275
Carbondale Senior Housing Corporation - Crystal Meadows. $500
Catholic Charities - Western Slope . . . . . . . . . . . $1,000
Center for Independence . . . . . . . . . . . . . . . . $100
Child and Migrant Services . . . . . . . . . . . . . . $1,100
The Christ Center . . . . . . . . . . . . . . . . . . . $500
CMC Even Start Family Literacy Program . . . . . . . . $1,000
Colorado Bluegrass Music Society . . . . . . . . . . . $5,000
Colorado Northwestern Community College Foundation . . $2,680
Colorado Riverfront Foundation . . . . . . . . . . . . $3,876
Colorado Ski and Snowboard Museum Hall of Fame. . . . $114
Colorado West Mental Health . . . . . . . . . . . . . $1,000
Community Food Bank . . . . . . . . . . . . . . . . $400
Community Friends of Collbran Job Corps . . . . . . . $1,000
Counseling and Education Center . . . . . . . . . . . . $100
Delta County Meth Task Force. . . . . . . . . . . . $1,000
Delta United Methodist Church . . . . . . . . . . . $134,535
Desert Edge Therapy . . . . . . . . . . . . . . . . $2,000
Dos Rios Family Resource Center . . . . . . . . . . . $1,000
Double Rainbow Educational Institute . . . . . . . . . $2,200
Eagle Care Medical Clinic . . . . . . . . . . . . . . . $450
Eagle Valley Land Trust. . . . . . . . . . . . . . . . $500
F.A.C.T. Foundation . . . . . . . . . . . . . . . . . $1,000
Families Plus . . . . . . . . . . . . . . . . . . . . $7,946
Family Visitor Program . . . . . . . . . . . . . . . . $1,000
Fellowship of Christian Cowboys. . . . . . . . . . . . $6,000
First Christian Church . . . . . . . . . . . . . . . . $3,275
First United Methodist Church. . . . . . . . . . . . $4,889
Friends of the Parachute Library . . . . . . . . . . . . . $250
Friends of the Rifle Animal Shelter . . . . . . . . . . . . $300
Garfield County Library District . . . . . . . . . . . . . $250
Garfield County Public Health . . . . . . . . . . . . . $1,000
Girls on the Run. . . . . . . . . . . . . . . . . . . $1,000
Glenwood Springs Arts Council . . . . . . . . . . . . $1,200
Gore Range Natural Science School . . . . . . . . . . $1,000
Grand Junction Imagination Library. . . . . . . . . . $1,000
Grand Junction Musical Arts Association. . . . . . . . $4,300
Grand Junction Symphony Foundation . . . . . . . . . . $358
Grand Mesa Christian Association . . . . . . . . . . . . $150
Grand River Hospital District . . . . . . . . . . . . . . $450
Grand Valley Audubon Society . . . . . . . . . . . . . $150
Grand Valley Catholic Outreach . . . . . . . . . . . $12,735
Grand Valley Historical Society. . . . . . . . . . . . . $350
Grand Valley Senior Daybreak . . . . . . . . . . . . . $500
Grand Valley Spellbinders . . . . . . . . . . . . . . . $200
Habitat for Humanity of Mesa County . . . . . . . . . $1,150
Habitat for Humanity of Montrose County. . . . . . . . $1,000
High Desert Opera . . . . . . . . . . . . . . . . . $1,000
Hilltop Community Resources . . . . . . . . . . . . . $1,600
• • • •

$380,000 in grants in 2008
Holy Family School . . . . . . . . . . . . . . . . $8,430
Home Care of the Grand Valley . . . . . . . . . . $1,500
Homeward Bound of the Grand Valley. . . . . . . . $1,000
Hospice and Palliative Care of Western Colorado . . . $16,048
Immaculate Heart of Mary Church . . . . . . . . . $10,000
Junior Achievement of the Roaring Fork Valley . . . . $1,000
KAFM . . . . . . . . . . . . . . . . . . . . . $1,000
Kids Voting of Mesa County . . . . . . . . . . . . $1,000
KVNF Public Radio . . . . . . . . . . . . . . . . $5,200
League of Women Voters of Mesa County . . . . . . $1,500
Marillac Clinic. . . . . . . . . . . . . . . . . . $1,100
Mesa County Business Education Foundation . . . . . $1,137
Mesa County Department of Human Services. . . . . $2,410
Mesa County Partners . . . . . . . . . . . . . . $18,104
Mesa County Public Library Foundation . . . . . . . $4,600
Mesa County Right to Life. . . . . . . . . . . . . . $500
Mesa Developmental Services . . . . . . . . . . . $1,230
Mesa Land Trust. . . . . . . . . . . . . . . . . $1,000
Mesa State College Foundation . . . . . . . . . . . $ 2,000
Montrose County Senior Citizens Transportation . . . . $500
Museum of Western Colorado . . . . . . . . . . . $1,100
Needlerock Family Health Outreach Clinic. . . . . . $1,000
North Fork River Improvement Association. . . . . . $5,200
Ouray County Historical Society . . . . . . . . . . $1,000
Ouray Performing Arts Guild . . . . . . . . . . . $10,000
Palisade High School . . . . . . . . . . . . . . . . $500
Partners of Delta, Montrose & Ouray . . . . . . . . $1,000
Ridgway School District. . . . . . . . . . . . . . $1,000
River Canyon Cooperative. . . . . . . . . . . . . . $500
Riverside Educational Center . . . . . . . . . . . $2,459
Roaring Fork Valley Early Learning Fund . . . . . . . $400
Rocky Mountain PBS-KRMJ . . . . . . . . . . . . $1,020
Roice-Hurst Humane Society . . . . . . . . . . . . $149
Rotary Club of Paonia Foundation . . . . . . . . . $10,000
RSVP Mesa County . . . . . . . . . . . . . . . . $500
Salvation Army . . . . . . . . . . . . . . . . . $3,316
Senior Companion Program . . . . . . . . . . . . . $472
St. Mary’s Hospital Foundation . . . . . . . . . . $14,100
Surface Creek Community Services . . . . . . . . . $1,000
Surface Creek Valley Historical Society. . . . . . . . $4,109
The Tree House . . . . . . . . . . . . . . . . . . $500
Two Chairs Theater . . . . . . . . . . . . . . . . $500
United Way of Mesa County. . . . . . . . . . . . $4,972
Valley View Hospital Foundation . . . . . . . . . . $1,000
Voyager Youth Program . . . . . . . . . . . . . . $1,000
Weehawken Creative Arts. . . . . . . . . . . . . . $500
Western Colorado Aids Project. . . . . . . . . . . $1,000
Western Colorado Botanical Gardens . . . . . . . . $1,356
Western Colorado Center for the Arts . . . . . . . . $4,275
Western Colorado Food and Agriculture Council . . . $1,000
Western Colorado Math and Science Center . . . . . . .$50
Western Slope Center for Children . . . . . . . . . $3,013
Western Slope Food Bank of the Rockies . . . . . . . . $100
Wounded Warriors. . . . . . . . . . . . . . . . . $500
YouthZone . . . . . . . . . . . . . . . . . . . $3,650
EDUCATING
OUR YOUNG
PEOPLE
Happy campers
with Ridgway’s
Voyager Youth
program enjoy a
field trip to the
Black Canyon.
SPECIAL CAPITAL
PROJECTS
The Harold and Margaret
Porter Church Challenge
Fund provided $400,000
in matching funds over a
four-year period to rebuild
the Delta United Methodist
Church fellowship hall.
• • • •

Scholarship Funds
HELPING A YOUNG PERSON WITH EDUCATION
Laura R. Genelin Memorial
Scholarship Fund
Remembering a special mother and friend
Education
is a great gift to give a
young person.
A college degree can open doors
and expand opportunities.
WCCF currently manages thirteen
different scholarship programs
established by our donors.
We help refine eligibility guidelines
and criteria for scholarships,
advertise the availability of
scholarships, review applications,
interview students, and verify
enrollment and grades.
Laura Genelin was in her mid-40s when she was
diagnosed with cancer. A wife and mother of
three children, a teacher and an active school and
community volunteer in Eagle, CO, Laura always
exhibited a zest for life. She loved living in the Vail
Valley. Favorite pastimes included skiing, snowshoeing,
scuba diving and being outdoors. When she passed
away in 2008, her family and friends established a
scholarship fund to benefit students graduating from
public high schools in Eagle County who want to
become teachers or to study health and medicine.
Notes her husband, Paul, “Laura left us way too soon.
But her spirit can live on through this scholarship. She was a teacher. She was always
interested in better medicines to enhance life. We do this to remember and honor her.”
J. Robert Young Scholarship Fund
Honoring a long-time champion of education
Alpine Bank prides itself on being a locally-owned
bank serving 20 counties in western Colorado. In
honor of the Bank’s 35th anniversary, employees
made donations that were then matched by the bank
to capitalize a new scholarship fund. Named after
Alpine Bank’s Chairman and CEO, the J. Robert Young
Scholarship Fund will award scholarships each year
to young people graduating from public high schools
in communities served by Alpine Bank who have
demonstrated good academic performance and are
interested in pursuing a business degree. Notes Kris
Gardner, Executive Vice President at the Bank, “We
wanted to do something that both honored Bob and
would help the communities we serve. Bob has always been dedicated to providing young
people with a college education. This seems like a natural way for our Bank to celebrate its
35th year in business.”
Other WCCF Scholarship Funds
• Kay Armstrong Memorial Scholarship
• LeRoy Bacon Memorial Scholarship
• Genevieve Clough Fellowship
• Fruita Rotary Club Scholarship
• Lew Goodhart Memorial Scholarship
• Derrace Hoey Scholarship
• Jason Manspeaker Memorial Scholarship
• Albin Salton Memorial Scholarship
• Faye Shofner Tally Scholarship
• Stewart/Watson/Wheeler Scholarship
• Mike Williams Memorial Scholarship
• • • •

A College education within reach
61 scholarships Awarded In 2008
Kassidy is studying history and
political science at the University
of Colorado at Boulder. The Kay
Armstrong Memorial Scholarship
helps graduating Delta High School
students who want to go into a
career in teaching.
“I want to thank you so much for your
continued financial support. This past
semester I was able to take on a research
project developing methods of analyzing
and improving thin-film solar cells…
I am so grateful for these educational
opportunities that your scholarship
funding allows me.”
-Clayton, recipient of the Faye Shofner
Tally Scholarship, is studying engineering
at Colorado State University (CSU).
“Your generous support has
helped me complete my first year
of college and to be the first one
in my family to receive a college
degree.”
-Devon studies automotive
technology at the Wyoming Technical
Institute
“Thank you for providing the
opportunity for me to go out and
actually do what I want to do... to
engage and challenge myself, to
expand my horizons.“
-Jason is studying pharmacy at the
University of Colorado, Denver
Danielle received a Clough
Fellowship and is studying to
be a pastry chef.
Another Clough Fellowship
winner, Milton is working on
a computer science degree
at Mesa State.
• • • •

Planned Giving
thinking about your charitable legacy
Bill Welch and Laurae Fortner-Welch
Cedaredge is a Perfect Community to Call Home
Bill and Laurae bought land and moved to Cedaredge
about five years ago. They had been living in Alaska
for nearly 30 years, where Bill worked for the National
Park Service and where they ran a large llama farm. Bill
and Laurae had met and married in Denver; many of
their weekends and vacations were spent enjoying the
outdoors in western Colorado.
Planned gifts
simply mean charitable donations
planned by a donor today that will
mature sometime in the future.
Planned gifts can be as easy as
naming the Western Colorado
Community Foundation in your will
or estate plan.
Or you may be interested in a
variety of gifting techniques to
make an endowment gift to benefit
your community.
For more information about
including the Community
Foundation in your will or estate
plan, gifts of life insurance, gift
annuities, charitable lead trusts and
remainder trusts, contact WCCF at
(970) 243-3767
When it came time to retire, memories of the San Juans
and the Grand Mesa area were vivid in their minds.
Their search started and ended on Colorado’s western
slope. Cedaredge was just what they were looking
for. The small town friendliness, fruit trees, wonderful
climate, blue sky and outdoor recreational opportunities
were perfect for their needs.
Always involved in civic activities in whatever community they call home, Bill and Laurae
soon were volunteering in Cedaredge. When it came time to update their wills, they
sought out the Community Foundation as part of their estate plan.
Their planned gift is designated to support several causes that are important to them.
Bill has asked that part of fund be used to provide and maintain outdoor recreation
opportunities as his passion is enjoying nature and the out-of-doors. Laurae wants part
of their fund to support local visual and performing arts activities and the library. “Music,
books, and painting have all been a great part of my life and I want to be able to share
those things I love and pass on the opportunity to participate in them to others. Our fund
is set up to do that: support outdoor recreation and cultural opportunities, broadly defined,
to benefit future citizens of Cedaredge.”
WCCF’s Legacy Society
These individuals have made provisions for a future gift to WCCF as part of their will or
estate planning. Thank you for your foresight and commitment to the community you call
home!
John Breckinridge
Elaine and Jim Brett
Evelyn Audin Brown
Genevieve Clough
Anita Cox and Bill Ekstrand
Bob and Kate Denning
Norman Dorsey
Constance Erhard
Adele Filener
Peggy Foster
Evelyn Haley
These are individuals who have informed WCCF of their intentions. We do not mean to
omit any names. If you have made plans for a future gift and would like to be recognized
as a member of our Legacy Society, please call our office.
* Denotes a planned gift that has matured
Tom and Sue Hillhouse
Laura Horan and Michael Cox
Russel and Dorothy Johnson*
Doug and Laura Johnston
Don and Shirley Kramer
George McKinley
Virginia Reed Moore*
Harold and Ruth Moss
David and Crystal O’Connor Murphy
Karen Nicholson
Mardell Niles
John and Verda Patterson
Gary and Kathy Pfeufer
Frank and Josephine Prinster*
Joe and Del Prinster
Bill and Wanda Putnam
Jane Quimby*
William S. Robinson
Bonney Sayre
Al and Jean Schiesswohl
Verne and Diana Smith
John Spendrup
Pam Szédelyi
Steve and Wendy Vanderhoof
Bill Welch and Laurae Fortner
Welch
Robert Whittemore
Jim and Debbie Widdows
Dave and Mary Wood
Anonymous (15)
• • 10 • •

Statement of Financial PositioN (12/31/08)
Assets
Cash $ 117,738
Current unconditional promises to give 46,600
Accounts receivable 3,574
Investments $ 9,538,769
Equipment 4,611
Long-term unconditional promise to give 179,100
TOTAL ASSETS $ 9,890,392
Liabilities
Accounts payable $ 18,742
Funds held as agency endowments 642,734
TOTAL LIABILITIES $ 661,476
Net Assets
Unrestricted net assets $ 8,873,329
Temporary restricted net assets 355,587
TOTAL NET ASSETS $ 9,228,916
Donor-advised 33 %
Scholarships 32 %
Designated 14 %
Agency 7 %
Field of Interest 5 %
Unrestricted 5 %
Administrative 3 %
Geographic Area 1 %
This summary Statement of
Financial Position is taken
from an independent audit for
2008.
If you would like to see the full
audit, please contact our office.
• • 11 • •

2008 Contributors
Thank you to our endowment gift
donors in 2008!
Anonymous (3)
Alpine Bank
Liz Armstrong and Michelle Alford
Stephen Briggs
Phyllis Brownson
Mike Burns
Genevieve Clough
Susan Dauchot
Glenn Davis
Jack Edgington
Norm Franke
Kris Gardner
Paul Genelin
Gerry Geske
Grand Valley Audubon Society
Grand Valley Historical Society
Grand Valley/Parachute Kiwanis
Club Foundation
Mike Glass
Peter Guy
Judith Hayward
Laura Horan and Michael Cox
Glen and Lynne Jammaron
Estate of Dorothy and Russel Johnson
Andrew Karow
Tom Kenning
Ken Kriz
Stan Kornasiewicz
Lake Fork Community Foundation
Mark and Barbara Lea
George and Betty Letson
Ivo and Betty Jo Lindauer
Kristen and Jamie Lummis
Marillac Clinic
George and Carol McKinley
Montrose Lions Club Foundation
Dave and Crystal Murphy
B. Stephens Parker
Tony and Sally Prinster
Larry Reavis
Family and Friends of Kim Richardson
R. Bruce Robinson
Tom and Lou Roess
Bill Sanderson
Sumner Schachter
Joe Scofield
Dave Scruby
Monique Serra and George Woolsey
Lynn and Lynn Shore
Verne and Diana Smith
Stifel, Nicolaus & Company
Tom and Elizabeth Stuver
Pam Szédelyi
Bette Thul
Town of Parachute
Valley View Hospital Foundation
Michael Vogt
Steve and Lenna Watson
Bill Welch and Laurae Fortner-Welch
Women’s Health Care of Western CO
Dave and Mary Wood
Colleagues and Friends of J. Robert Young
Margo Young-Gardey and Eric Gardey
Special thanks to our Professional Advisors
J.D. Snodgrass, Counsel,
Williams, Turner & Holmes
Dan Vogel, CPA,
Dalby, Wendland & Company
WCCF gratefully acknowledges its
operating support donors
Alpine Bank
American National Bank
Anonymous
Lee and Kay Ambrose
Bacon Family Foundation
Genevieve Clough
Rob Bleiberg and Sheri Covey
Laura and Ed Carney
Frances Crowell
Bob and Kate Denning
Doris Dewton and Dick Gretz
Bruce Dixson
Shirley and Bill Ela
Peggy Foster
Pat and Ruth Gormley
Helen Love, A.G. Edwards
Sue and Tom Hillhouse
Bob and Patti Johnson
Chris and Corky Johnson
Gregg and Kristine Kampf
Dean and D.Ann Massey
George B. McKinley Family
May Investments
Oakley-Wanebo Wealth Management
Joe and Del Prinster
Tony and Sally Prinster
Wanda and Bill Putnam
Quimby Family
Linda and Ersel Reid
Marilee and Greg Rippy
Bill Robinson
Janet Scheevel
Joe and Linda Skinner
Verne and Diana Smith
Thelma Starner
Walter and Joyce Stout
Tom and Elizabeth Stuver
Richard and Jean Tally
Wells Fargo Banks of Western Colorado
Anne Wenzel and David Miller
George Wheeler
J. Robert Young Fund/Aspen Community
Foundation
Designated Funds
Cedaredge Public Library
Colorado West Mental Health
Delta United Methodist Church
First United Methodist Church
(Grand Junction)
Grand Valley Catholic Outreach
Holy Family School
Marillac Clinic
Mesa County Business
Education Foundation
Mesa County Department of
Human Services
Montrose Lions Club
Painted Sky RCDC
Rifle High School
Rocky Mountain PBS
Salvation Army
School District 51
Surface Creek Valley Historical Society
Vail Mountain School Grantmaking
Western Colorado AIDS Project
Western Colorado Botanical Gardens
Western Slope Center for Children
Donor-advised and Designated Funds
Joseph and Donna Amter
Liz Armstrong and Michelle Alford
Bacon Family Foundation
Jim and Mercedes Beck
Thomas B. Beard
Peter Bergh
Jesse and Elizabeth Boyce
Bud and Phyllis Brownson
Bernie and Mary Beth Buescher
Norman Dorsey
Anita Cox and Bill Ekstrand
Bruce Dixson
Rich Edwards
Dave and Kathy Ferguson
Pat and Ruth Gormley
Timothy Hackett
Elizabeth Harris
John and Maureen Hendricks
Family Foundation
Helen B. Christensen Howe
Russel and Dorothy Johnson
Elizabeth Jones
Chris and Connie Jouflas
Helen Love and Arvid Koppang
Julie Littlefield
Lummis Family
Kelly James Markham
Linda Grace McBride
McCary Family
George and Carol McKinley
Virginia Reed Moore
Harold and Ruth Moss
Dave and Crystal Murphy
Tom and Jean Paradis
Donald Petersen
Harold and Margaret Porter
Anthony and Sally Prinster
Frank and Josephine Prinster
Joe and Del Prinster
Kevin R. Prinster
Jane Quimby Family
Aldo and Sara Radamus
Reed Family
Kim Richardson
Bonney Sayre
Mike and Jean Sewell
Joe Skinner Family
Elizabeth Somerville
Bette Thul
J.J. and I. B. Uri
Alexandria and India Wanebo
Mike and Marian Wanebo
Steve and Lenna Watson
Bill Welch and Laurae Fortner-Welch
Anne Wenzel and David Miller
Nels Werner
Jim and Debbie Widdows
Dave and Mary Wood
Kenneth K. Yata and Darlene Cox
WCCF Staff
Anne Wenzel, President and Executive
Director
Cindy Rhodes, Program Director
Pam Szédelyi, Garfield County Outreach
Melanie Brown, Accountant/Financial
Manager
Linda Simpson, Office Manager
Agency Endowments
Alpine Christian Academy
Child and Migrant Services
Columbine Senior Services
Colorado Discover Ability
Colorado Riverfront Foundation
Grand Junction Symphony Foundation
Grand Valley Audubon Society
Grand Valley Historical Society
Grand Valley/Parachute Kiwanis Club
Hospice and Palliative Care of
Western Colorado
Immaculate Heart of Mary Church
Lake Fork Community Foundation
Mesa Land Trust
Mesa County Partners
Messiah Choral Society
Mount of the Holy Cross Lutheran
Church
Ouray County Performing Arts Guild
United Way of Mesa County
Valley View Hospital Foundation
And more special thanks to ….
Alpine Bank for office space
US Bank for staff parking space
Montrose.net for web hosting services
WCCF Board of Trustees
Bob Johnson, Chair
Richard Tally, Vice Chair
Rob Bleiberg, Secretary
Joe Skinner, Treasurer
Marilee Rippy, Executive Committee
Bruce Dixson
Shirley Ela
Sue Hillhouse
Dean Massey
Dick McKinley
Amy Nuernberg
Tony Prinster
Linda Bacon Reid
Tom Stuver
Lenna Watson
George Wheeler
Margo Young-Gardey
2 Rivers Community Foundation Board
Terri Miller, Chair
Marilee Rippy, Vice Chair
Clayton Collier, Treasurer
Janice Barker
Lauri Bosco
Joe O’Donnell
Andrea Palm-Porter
Patti Payne
Murray Reynolds
Dave Sturges
Steve Vanderhoof
Rifle Community Foundation Board
Tom Stuver, Chair
Mollie Becker
John Burwell
Carrie Click
Keith Lambert
Katie Mackley
Bruce Mills
Karen Rhoades
• • 12 • •

Grand Junction Office:
225 North 5th Street / Suite 505
Grand Junction, CO 81501
Mailing address:
PO Box 4334 • Grand Junction, CO 81502
Tel: 970.243.3767 • Fax: 970.243.9767
Glenwood Springs:
PO Box 1539 • Glenwood Springs, CO 81602
Tel: 970.945.0105 • Fax: 970.945.0105
www.wc-cf.org
Design: Amy Nuernberg Design & Marketing
Thank you for photographs:
Cover petroglyph: Andrew Gulliford
Inside photographs: Sanborn Studio, Joe Higgins, John Anglim,
Delta United Methodist Church, Grand Valley Catholic Outreach,
Hospice and Palliative Care of Western Colorado, Marillac Clinic,
Valley View Hospital Foundation, Voyager Youth
Confirmed in compliance with National Standards for
Community Foundations by the Council of Foundations
L e a v e y o u r m a r k . . .