WHATGIVES Summer 2018

Brian Hussain, CCF’s Longtime
Financial Steward
After 23 years of leading the Foundation’s explosive growth in assets, Vice
President of Finance and Chief Investment Officer Brian Hussain retired in
May. When he started with CCF in 1995, Anita Zucker was the Board Chair, Ruth
Heffron was the Executive Director and the Foundation had just reached $10
million in assets and was sustaining $1 million in annual grantmaking. Fast
forward two decades and CCF has surpassed $250 million in assets and $18
million in annual grantmaking. (We mapped just a handful of other significant
Foundation milestones under Brian’s leadership, to the right.)
MILESTONES UNDER BRIAN’S LEADERSHIP
1996 The Jewish Endowment Fund, Inc. (JEF) is begun as a partnership
with the Charleston Jewish Federation with several
endowments created by local families.
1998 The Beaufort Fund is created with an anonymous
multi-million-dollar gift from a Beaufort family for charitable
work in Beaufort, Colleton, Hampton and Jasper
counties. Total lifetime grantmaking will exceed $1.6
million this year, and more than 100 nonprofits have
benefited over the past six years.
The Saul Alexander Foundation, one of the region’s oldest
and most generous private foundations (since 1952)
becomes an affiliate of CCF.
Greatest one-year leap in managed assets – from $17.9 to
$36.7 million.
2000 Tony and Linda Bakker give $6.5 million (second largest gift
in CCF history) to create the Bakker Family Fund.
2003 $33 million bequest creates CCF affiliate, the Frances
P. Bunnelle Foundation, to support nonprofit groups in
Georgetown County.
A young Brian at the old CCF office.
Brian was an essential part of the growth and leadership of CCF. “It is delightful
to have worked with a Chief Investment Officer as competent as Brian,” said
CCF Board Member and Investment Committee Chair, Bob Nigro. “During
my eleven years on the Foundation’s Investment Committee, I have enjoyed
being in his company and have benefited from his wisdom. Indeed, he is a
trusted friend.”
Brian was much more than our investment expert. During hurricane season for
the past 23 years, Brian was better than the Weather Channel’s Jim Cantore in
predicting if a storm was going to hit someplace in CCF’s nine-county service
area. He rivaled CCF partner Belmond Charleston Place’s Mickey Bakst with his
wine pairings for every event menu, and his dry, smart, wicked wit could be
counted on for lightening any mood.
We’ll miss the wit and will always appreciate the firm foundation Brian helped
establish during his time at CCF.
“Brian’s contributions to the success of the
Foundation’s financial operations cannot be
overstated.” - Bill Medich, former CCF Board Chair
and current Investment Committee member
2004 CCF celebrates 30 years of work in the community with new
name and logo. The Foundation is managing $104 million
in assets held in 366 funds. Total grantmaking—$35 million
over the past 30 years.
2007 The Blackbaud Fund reaches $1 million.
This year, CCF distributes $11 million in the form of
1,520 grants to 585 charitable organizations. The Foundation
now has $147 million in combined assets under
management and a total of $64.5 million has been
granted since inception.
2011 A major threshold is crossed, as over $100 million has been
awarded to the community since CCF’s founding.
2014 The Foundation exceeds $18 million in grantmaking in a
one year period.
2015 WCF becomes supporting organization adding $24 million
to CCF’s assets under management.
2017 Investment Committee votes to create Social Impact Investing
Committee which later founds CCF’s first-ever Place
Based Impact Investing Fund in 2018. Fund begins with
$3 million in available capital.
8 coastalcommunityfoundation.org