 more than forty years, Holland Community Foundation has been serving the greater Holland area. Our mission is to make the Greater Holland Area a better place in which to live and work by enhancing the quality of life for all its citizens. We achieve this by:
Providing professional management of these funds to protect and enhance the principal while maximizing income. Using this income to meet needs and enhance the quality of life in ways that are compatible with the wishes of the donor and the goals of the Community Foundation. Our areas of interest are education, the arts, health, social services, the conservation and preservation of historical and cultural resources, and the needs of youth and elderly. We focus our grants on capital projects and new, creative endeavors. We invite your counsel on any facet of our activities, and trust that what has been accomplished will inspire the continued confidence and support of the community.
1 West Eighth Street Holland, Michigan 49423 (616)396-6590 (616)394-7059 Staff
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Kenneth Peirce Carolyn Marquis Robert L. Sterken Harvey J. Buter Gordon J. Van Wylen Ronald L. Dalman |
Attorney at Law Community Volunteer Dentist Hilliard Lyons Pres. Emeritus Hope College Attorney at Law |
President Vice-President Secretary Treasurer VP of Development Second Vice President |
Char Amante
First of America Bank
John Bouws
President, Russ' Restaurants
Thomas J. Bratt, Sr.
President, Glass Enterprises Contracting, Inc.
Donna Brooks
Community Volunteer
William P. DeLong
Retired President Accounting Firm
Janice Graham
Accountant
Jackie Hoover
President, MANPOWER, INC.
Walter Jones
Treasurer, Prince Corporation
Paul A. Kuiper
Sr Vice-President/Branch Manager, Robert W. Baird & Co., Inc.
Edward H. Marsilje
President, The Title Office, Inc.
Carol Myers
Community Volunteer
James E. Townsend
Retired Circuit Court Judge
Lupita Reyes
Discharge Planning Clinical Manager, Holland Hospital
Barry Werkman
Business Manager-Controller, Hope College
Ella Weymon
Weymon and Associates
 Youth Advisory Committee, or YAC, of the Holland Community Foundation meets monthly. Fifteen high school students, five each from Holland High School, Holland Christian High School and West Ottawa High School serve on the committee.
The YAC was started in 1991 in response to a requirement of the W.K. Kellogg Foundation Challenge Grant program. YAC responsibilities include assessing the needs of youth in the community, assisting in fund raising endeavors, and participation in the grant making process of the Foundation as it relates to youth. YAC members are fine representatives of Holland's young people who are involved in the work of Holland Community Foundation.
Robert Sikkel Jr., Vice Chairperson Stacey Hall, Secretary |
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Brian Boardman Emilie Dirkse Shae Dugan Amy Dykstra |
Daliya Khuon Michael Ludwig Erin McGinn Lidia Sanders |
Elizabeth Sandoval Mary Sytsma Abbie Tanis Dan Vasquez |
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1994 was a year of significant progress for Holland Community
Foundation. Five years ago, with the incentives of the first
Kellogg Foundation Challenge Grant and the Michigan Tax Credit,
the Board launched a major effort to increase its endowment funds.
The result, through the generous gifts of many persons and businesses,
has been steady growth each year in our endowment fund. By the
close of 1994 the market value of our endowment funds was $2,785,000
and trust funds, which will in due time be added to the endowment,
totaled $658,000.
In 1991 the W. K. Kellogg Foundation announced a second Challenge Grant Program, through which we can receive a total grant of $1,000,000, provided we raise $2,000,000 before 1996. The Board accepted this challenge, which means raising an average of $400,000 each year. We are grateful that we are on target toward this goal, which, when achieved, will give us an endowment fund of more than $4,000,000. We have received a total of $725,000 of endowment funds from the W. K. Kellogg Foundation to benefit the youth of the Holland area. We need concentrated community support to achieve our final goal by 1996. We extend our special thanks to our Youth Advisory Committee and their advisors, Carolyn and Jack Marquis. Under the leadership of Martha Donnelly, and with the faithful participation of each member, these young people have assisted greatly in raising funds, assessing youth needs, and allocating grants. To all who have given of their time, energy and resources to the work of Holland Community Foundation during 1994, we extend our sincere thanks. James E. Townsend President
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Grant applications are available annually between November 15 and January 15. They may be obtained from the office or by telephone and/or written request.
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NAMED GIFT OPPORTUNITIES Holland Community Foundation provides a range of gift opportunities that enable donors to achieve their charitable purposes for the community. Named Funds have nearly doubled in 1994. Frequently these endowed funds bear the donor's name. Because these funds are always fully invested, with the income used to meet needs and enrich life in accordance with the donor's wishes, these, in effect, become permanent gifts to the community. A minimum gift of $10,000 is needed to establish a Named Fund. These gift opportunities include the following: Donor Named Fund Field of Interest Fund Donor Advised Fund Donor Designated Fund All endowment funds quality for the Michigan State Tax Credit. However, only Donor Named Funds and Field of Interest Funds count toward the Kellogg Challenge Match. |
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Unrestricted Endowment Fund
All undesignated gifts are added to our Unrestricted Endowment Fund. Each year the income is used to meet current community needs. Grant proposals are received annually and are reviewed and evaluated by the Distribution Committee. All proposals involving youth are reviewed by the Youth Advisory Committee. The market value of the General Endowment Fund on December 31, 1994 was $1,405,232. Donor Named Funds Bil-Mar Fund $12,000 Donnelly Fund $25,000 Elsie A. & Charles F. Conrad Fund &100,000 Edwin Comstock Fund $54,503 Old Kent Bank Fund $26,000 Shelly Speet-Mills Fund $3,472 Steketee-Van Huis Fund $40,000 Field of Interest Funds Brooks Beverage Management Fund $35,000 (youth) JoAnne V. & James F. Brooks Fund $40,000 (low income housing) Campbell/Beukema Fund $90,247 (child care) Holland Group Employees Fund $10,000 (Holland Hitch, a member) (older citizens) W. K. Kellogg Youth Fund $582,821 (youth) Karri B. & David E. Jasperse Scholarship Fund $5,140 Donor Advised Funds Bradford Company Fund $47,500 Robert H. & Elaine K. Cooper Fund $4,693 Freedom Village Scholarship Endowment Fund $4,628 Craig & Karen Hall Family Fund $98,681 Barbara E. Melgaard Fund $66,791 Warren K. & Marcia Westrate Fund $50,689 Donor Designated Funds Bouws Scholarship Fund $66,459 DeGraaf Nature Center Fund $54,756 Eugene & Louise Huyser Fund (Hospice) $16,837 Lake Macatawa Public Property Fund $182,204 Lighthouse Preservation Fund $54,738 Windmill Island Development Fund $58,879 |
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While the primary purpose for making gifts to Holland Community
Foundation must always be to serve the people of our community
and enrich our corporate life, the government recognizes the great
benefits of such gifts by allowing reduction in taxes for those
who make such gifts. In addition to the normal deduction against
income for charitable gifts, there are currently two significant
additional incentives for giving generously to Holland Community
Foundation.
THE KELLOGG FOUNDATION CHALLENGE GRANT Between 1991 and 1996, the W. K. Kellogg Foundation will give Holland Community Foundation $1 for each $2 it raises locally for its endowment funds, up to a maximum of $1,000,000. Our goals to raise $2,000,000 by 1996, so that our community receives the full amount of this generous gift. We have already received $725,000 from the Kellogg Foundation Grant. All gifts from the Kellogg Foundation Challenge Grant are channeled into a Field of Interest Endowment Fund to support youth activities and needs. Our Youth Advisory Committee is playing an active role in these endeavors. THE MICHIGAN TAX CREDIT The actual cost of a gift to the Foundation's Endowment Fund can be significantly reduced through a Michigan Tax Credit. Corporations can reduce their Single Business Tax by 50% of a gift up to $10,000. For married couples the same provision applies to the Michigan Income Tax for gifts up to $400, and for individuals for gifts up to $200. The net result of these two programs and the Federal tax credit is that the out of pocket costs for gifts to the Holland Community Foundation is about 22% of the amount of the gift, and the gift is increased by 50% through the generosity of the W. K. Kellogg Foundation.
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The Ambassador Society has been established to honor and recognize
those who have made substantial gifts to the Foundation, and to
provide opportunities to enhance the quality of life in our community.
Gifts are made to the Foundation in many forms: cash, gifts of
appreciated property or securities, and gifts through estate planning.
All gifts are added to the permanent endowment fund, with income
used annually for meaningful purposes.
Planned gifts are particularly significant, for they can provide income to the donor or to others, reduce taxes, and meet the donor's philanthropic goals. The Foundation is always pleased to work with donors to ensure that they receive accurate, independent advice on meeting their personal and charitable goals through estate planning. Donors are invited to consider establishing a Named Fund within the Foundation's endowment. We cordially invite you to become a member of the Ambassador Society, on the basis of past or present gifts of $10,000 or more, through estate planning, or a combination thereof. For further information please contact William Vanderbilt at the Holland Community Foundation office (396-6590). Because the needs and goals of donors vary greatly, you are encouraged to consult your own tax and legal advisors on these issues. The Foundation has worked with donors and advisors on gift annuities, charitable remainder unitrust and annuity trusts, charitable remainder lead trusts and wills. In 1994, The Foundation was named a partial recipient of two charitable remainder unitrusts, from the Edward Herpolsheimer Estate and Charles & Sheila McLean. The remainder interest in these trusts totals approximately $221,000. If you are interested in becoming a member of the Ambassador Society click here for an application; and thank you for your interest! |
Back to MacNet Homepage Copyright © 1995 Holland Community Foundation
| Last update on 13 November 1995 | created by Craig T. Hall |
