2010 Marietta Community Foundation Annual Report

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VISION insight, foresight, inspiration, innovation the Foundation’s Vision By Mark Schwendeman, Chair Foundation visionaries Sue marsch and Bill thompson many, if not all, of you knew Bill thompson, our beloved friend, and significant supporter of the Marietta Community Foundation. Bill’s love for the City of Marietta and all of its attributes were part of his being. He had a vision for our community that would make Marietta the model for the essence of small town America. Bill’s career affiliation with Marietta College and his involvement in our community gave him the unique perspective to see what “can be” for Marietta. Bill had a “Vision.” I had the good fortune of spending a great deal of time with Bill. We shared the same vision. Marietta is truly a Gem and we have the opportunity to capitalize on all of its assets. We are so very fortunate to have all of the assets that this community possesses. With the natural beauty of our rolling hills, two rivers, the good fortune of having an interstate highway that touches our city’s border, a wonderful healthcare system, and two excellent higher educational institutions, not to mention a lifestyle that many would only dream of, we are extremely fortunate. Bill and I both agreed that we want to share that vision with not only our community, but with other people that would enjoy what Marietta and our surrounding area have to offer. The Foundation’s Board shares our vision. The Board believes that this vision for the future of Marietta is a fundamental part of the Marietta Community Foundation’s mission going forward. As a Community Foundation, we have the unique ability to act as a convener and a facilitator, bringing together groups and individuals to focus on the common goal of making Marietta the model “small town America.” It is hard to believe, however, through the generous support of many individuals and organizations our Community Foundation has grown to over $10 million in assets and has granted in excess of $11 million collectively to hundreds of organizations. This generosity truly indicates our community’s commitment to share in the future vision for our area. While the Foundation will not lose sight of our current responsibilities to support individuals and organizations that make such a difference in the lives of so many people, the Board truly believes we have the opportunity to create a path forward that will have a lasting impact on the economic opportunities and quality of life for the citizens of our area. To make this all happen the Vision committee was created. Individuals representing several key organizations within our Area convened and the Vision process began. The committee’s main goals are to raise the awareness of and interest in Marietta, Ohio as the ideal small community to live and to raise a family, or to retire in a comfortable and safe setting. Furthermore, Marietta and its surrounding area is an ideal place to locate a business, with excellent resources and hard-working people to serve as the employees. We truly have all the ingredients; we just need to communicate the message. To achieve the Foundation’s goals funding was necessary… In 2009, Sue Marsch, a longtime friend of Marietta, the Foundation and Bill Thompson, passed away. Many years ago, Ms. Marsch created an unrestricted fund in memory of her parents, the Karl D. and Anna Schultheis Marsch Fund, and to continue her family’s legacy, left an unrestricted gift to the Marietta Community Foundation. Those who knew Ms. Marsch, knew of her love for Marietta. The Foundation’s Board decided it would be fitting to have her gift support the work of Vision. So here we are today. Our Vision is ongoing, with the committee working diligently to develop the collateral to market our community. Videos, a Web site, and marketing plans are being developed to promote our assets and to attract potential citizens from outside of our area. We look forward to sharing our Vision with you, and to gain your support in helping the Foundation to achieve its mission. We want everyone to know the Gem that Marietta truly is! PAgE 16
STEWARDSHIP prudent oversight and rational planning mARiettA Community FounDAtion CONSOLIDATED STATEMENTS OF FINANCIAL POSITION FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009 2009 2010 ASSetS CURRENT ASSETS: Cash $ 16,386 $ 5,962 Promissory notes receivable 21,595 18,379 Total current assets 37,981 24,341 INVESTMENTS 10,844,568 12,283,661 PROPERTY AND EQUIPMENT: Equipment 14,999 14,999 Less accumulated depreciation (7,018) (11,155) Total property and equipment 7,981 3,844 Total assets $ 10,890,350 $ 12,311,846 LiABiLitieS AnD net ASSetS LIABILITIES: Agency funds $ 1,425,129 $ 1,551,520 Grants payable 0 16,667 Total liabilities 1,425,129 1,568,187 NET ASSETS: Unrestricted 4,273,178 4,370,727 Temporarily restricted 3,593,426 4,641,538 Permanently restricted 1,598,797 1,731,394 Total net assets $ 9,465,401 $ 10,743,659 Total liabilities and net assets $ 10,890,530 $ 12,311,846 PAgE 17
Page 1 and 2: marIetta communIty FoundatIon Where
Page 3 and 4: LEADERSHIP 2010 skilled governance
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Page 9 and 10: management of the Armory Square Pro
Page 11 and 12: Children’s toy & Doll museum Fund
Page 13 and 14: John mcCracken memorial Scholarship
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Page 17: J. R. and Karen Walker Niles and Ka

2010 Marietta Community Foundation Annual Report

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