2011 Annual Report - Amherst H. Wilder Foundation

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Current Investment Policy Over time, the investment goal for the Endowment Fund is to achieve a total return (current income plus market gain) of 5.0% plus the rate of inflation. Investment Performance The original $2.6 million bequest that started the Wilder Foundation has grown to more than $167 million because of sound investment policies. Current Spending Policy When a donor makes a gift designated for endowment, the Amherst H. Wilder Foundation holds the funds in perpetuity. Wilder invests the principal and a portion of the return is available each year to support the designated program. The Foundation changed its policy on use of endowment funding from 5% of a five-year moving average to a spending formula based on a 70% factor for prior expenses adjusted for inflation (60% from the previous year, 30% from two years ago and 10% three years ago) plus a 30% factor based on 5.5% of the endowment balance. The Foundation transfers anything remaining back to the endowment so that it continues to grow and provide future funding for the purpose designated by the donor. The Foundation manages the endowment in order to maintain the inflation-adjusted purchasing power of the endowment. Endowment Accounts Report – Fiscal Year 2011 Adjusted Net Amount Used New gifts/ Principal Principal Balance Investment For Donor Additions Balance Supporting Funds 7/1/2010 Total Return Purposes to Principal 6/30/2011 Amherst H. Wilder Family Endowment $150,470,275 $30,678,469 ($13,911,517) $0 $167,237,227 ADDITIONS TO THE WILDER FAMILY ENDOWMENT Wilder Foundation General Board Designated Fund (General) 167,732 34,198 (7,651) 4,812 199,091 Hildegarde H. Conkling Fund 140,387 28,623 (6,607) 162,403 Lorraine M. Ellingsen Fund 1,076,990 219,581 (51,536) 1,245,035 John Hauschild Corporate Administration Fund 12,033 2,453 (573) 13,913 Adriana & Herman Hertog Memorial Fund 9,747 1,987 (482) 11,252 Kingston Fellowship Fund 403,286 82,224 (5,095) 137,242 617,657 L. Frank & Irene Maistrovich Fund 28,865 5,885 (1,489) 33,261 Charles Naumann McCloud, M.D. Memorial Fund 34,480 7,030 (1,659) 39,851 Dorothy K. Merrill Fund 2,100,000 2,100,000 Jeanne & George C. Power, Jr. Fund 9,068 1,849 (431) 10,486 Robert H. Tucker Fund 15,862 3,234 (788) 18,308 Paul W. & Lucille O. Werner Fund 8,141 1,660 9,801 Anonymous Fund In Honor of Staff 16,470 3,358 (540) 19,288 Services to Children & Families Board Designated Fund (Children & Families) 58,967 12,022 (2,693) 1,158 69,454 Board Designated Fund (Children’s Residential) 67,170 13,695 (3,324) 77,541 Board Designated Fund (Housing) 21,558 4,395 (934) 1,234 26,253 Board Designated Fund (Mental Health) 679 138 (24) 108 901 Children’s Health Care Fund 32,485 6,623 (1,563) 37,545 Amy Benzick Memorial Fund 35,232 7,183 (1,692) 40,723 Center for Children with Reactive Attachment Disorder 819,645 167,112 (38,398) 948,359 Elisabeth W. Doermann Fund 92,922 92,922 Dr. Phil Edwardson Fund for Children 10,395 2,119 (493) 120 12,141 Mary E. Gillis Fund 48,383 9,865 (2,309) 55,939 Dale A. Hoover Fund 43,813 8,933 (2,107) 50,639 Mary D. & Irving J. Jerry Endowment 20,192 4,117 (978) 23,331 Kofi Forever Endowment Fund 58,155 11,857 (2,147) 7,859 75,724 Frances & Verona LaBelle Children’s Health Care Fund 16,770 3,419 (452) 19,737 Roberta A. Mundschenk Children’s Fund 70,411 14,356 (3,412) 81,355 Harry T. & Helen I. Nagel Children’s Fund 53,561 10,920 (2,369) 62,112 Walter & Eleanor Nyberg Endowment Fund 47,241 9,632 (2,415) 54,458 Sister Helen Louise Roth Fund 4,500 917 (214) 5,203 Leonard H. Tesmer Fund 197,894 40,347 (9,480) 228,761 Victor M. Watkins Fund 883,532 180,138 (42,587) 1,021,083 Services to Older Adults Board Designated Fund (Older Adults) 39,979 8,151 (1,811) 165 46,484 Elizabeth Bogared Elderly Services Fund 55,329 11,281 (2,639) 63,971 Otto Link Elderly Services Fund 168,173 34,288 (7,468) 194,993 Wilder Center for Communities Board Designated Fund (WCC) 5,807 1,184 (280) 150 6,861 Ronnie Brooks Leadership Fund (Shannon Institute) 175,560 35,794 (8,066) 12,026 215,314 Wilder Research Anonymous for Community Research 2,530,690 2,530,690 Board Designated Fund (WR) 26,072 5,316 (1,004) 3,432 33,816 Community Research Associates Fund 23,857 4,864 (1,230) 27,491 Louise & George Mairs Fund for Community Research 793,346 161,750 (39,267) 915,829 Reta G. Youngman Research Fund 732,846 149,416 (36,356) 775 846,681 Additions to Wilder Endowment- Subtotal 6,434,613 1,311,914 (292,563) 4,892,693 12,346,657 Total Wilder Foundation 156,904,888 31,990,383 (14,204,080) 4,892,693 179,583,884 Bank Trust Companies US Bank-Frank M. DeForce Fund 180,906 45,656 (10,642) 215,920 Total Funds Supporting Wilder Foundation Programs $157,085,794 $32,036,039 ($14,214,722) $4,892,693 $179,799,804
Heritage Partners in Memoriam Louise Albrecht December 31, 1915 – August 1, 2010 Richard Bartsch February 18, 1924 – September 16, 2010 Edgar Blanch May 24, 1911 – January 22, 2004 Jean Blanch April 12, 1912 – November 21, 2011 Elizabeth Bogared November 23, 1900 – November 13, 1997 Hildegarde H. Conkling October 26, 1901 – March 18, 1996 Robert A. Crowe January 12, 1916 – March 25, 1996 Dottie Dietz April 7, 1930 – December 11, 2008 Elisabeth Doermann February 2, 1931 – January 22, 2011 Lorraine M. Ellingsen October 30, 1904 – September 12, 2001 Arthur R. Emmerich June 12, 1909 – January 10, 1995 Irma Gilbert October 21, 1918 – September 6, 2010 William Gilbert October 14, 1908 – October 13, 2007 John Hauschild June 2, 1935 – February 4, 1998 Mary S. Heiserman July 12, 1942 – April 8, 2010 Herman Hertog September 12, 1930 – September 1, 2006 Catherine J. Hill October 1, 1915 – November 9, 2008 John Lindsay Hill December 14, 1909 – August 30, 2009 Martha E. Hoover October 31, 1909 – February 13, 2006 Irving J. Jerry March 5, 1905 – April 12, 1995 Mary D. Jerry October 24, 1909 – August 22, 2007 David B. Kachel May 13, 1931 – September 20, 2004 Laurence J. Kress December 8, 1923 –October 14, 2010 Francis LaBelle January 27, 1910 – August 6, 2001 Martha A. Larson June 21, 1908 – June 15, 1996 Alice Leach September 21, 1911 – October 19, 1998 Roger Lenzmeier April 28, 1928 – April 3, 2000 George A. Mairs, III June 15, 1928 – May 28, 2010 Irene Maistrovich July 22, 1917 – December 30, 2008 L. Frank Maistrovich November 13, 1916 – October 5, 2007 Charles Naumann McCloud, M.D. May 20, 1912 – December 10, 1998 Dorothy K. Merrill November 2, 1916 – November 17, 2009 Roberta A. Mundschenk January 30, 1944 – May 26, 2007 Eleanor Nyberg April 24, 1918 – February 3, 2004 Walter T. Nyberg May 31, 1919 – February 27, 2007 George C. Power, Jr. March 31, 1914 – July 18, 1995 Norman M. Rose May 6, 1920 – August 4, 2007 Philemon C. Roy July 9, 1940–January 30, 2011 Leonard H. Tesmer August 27, 1924 – December 7, 2000 Robert H. Tucker April 3, 1911 – August 1, 1998 Lucille O. Werner October 20, 1913 – August 16, 2004 Paul Werner August 3, 1913 – June 4, 2010 Winnie Wickworth June 5, 1929 – February 1, 2001 Jean Wilkening October 1, 1926 – November 23, 1996 Reta G. Youngman September 20, 1934 – May 21, 2008 Heritage Partners Anonymous John and Anne Bendt William J. Benzick Charles R. Betts Margaret M. Betts Craig and Kathy Binger Tisha Bolger Roger and Ronnie Brooks Charlton Dietz Drs. Phillip and Sandra Edwardson Judith Gavin John and Ruth Goelz Bob and Elaine Golberg Nancy Hauschild Adrian and Nancy Hertog John and Violet Hertog Katharina Hertog Bernice Jessen Rod and Lil Johnson Nancy Kachel Elizabeth and Bruce Kiernat Tom and Mary Kingston Verona LaBelle Here for Good We thank the following individuals, families, foundations, organizations and businesses that supported our clients and programs with financial contributions or donated goods and services during the past fiscal year. We have made every effort to ensure the accuracy of our donor lists. If a name has been inadvertently omitted, please contact the Office of Resource Development, laura.brown@wilder.org. Heritage Partners Heritage Partners, through their gifts to Wilder’s endowment, work to sustain the Wilder vision to enrich the Saint Paul community and improve the lives of its vulnerable citizens. They express their deep commitment by making a gift through their wills, life income arrangements, beneficiary designations, and other estate plans that benefit the Amherst H. Wilder Foundation. We gratefully acknowledge our Heritage Partners for their lasting support. The Amherst H. Wilder family established the Wilder Foundation Endowment Fund through a bequest of $2.6 million more than 105 years ago. At the end of fiscal year 2011, the endowment principal was $167 million. Sound investment policies are responsible for the substantial growth of the original bequest. Heritage Partners add their own generous planned gifts to the original endowment to help Wilder impact even more lives of Saint Paul residents in need today and for generations to come. John and Nancy Lambros Dusty Mairs Philip C. Manz Paul and Tara Mattessich Deborah T. McCloud David and Mary Jo Monson John and Renee Nagel Constance S. Otis Gregory and Phyllis Owen George and Diane Power Ken and Nina Rothchild Barbara Roy David and Cecilia Simpson Jean Teigland and Russ Felkey Rolf Thompson and CJ Jacobson Paul and Carolyn Verret Richard and Florence Wickworth Leni and George Wilcox Robert R. Wilke Robert and Kathy Yaeger Marcia and Jerry Yanz Richard and Janine Zehring 9
Page 1 and 2: 2011 Annual Report The mission of t
Page 3 and 4: Wilder Programs helps children and
Page 5 and 6: Wilder Research provides research,
Page 7: Sources of Dollars Used To Finance
Page 11 and 12: Individuals and Families Andriana A
Page 13 and 14: Joseph A. and Susan C. Eschenbacher
Page 15 and 16: Craig W. Luedemann and Mary E. Robi
Page 17 and 18: Honor Schauland and Jeff Mitchell*
Page 19 and 20: Businesses and Community Organizati
Page 21 and 22: Grants to the Wilder Foundation The
Page 23 and 24: Cari Michaels Catherine Jordan and

2011 Annual Report - Amherst H. Wilder Foundation

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