In the News

January Updates

Thursday, January 30th, 2020

Community Foundation for Cloud County Holds Quarterly Board Meeting

The Community Foundation for Cloud County (CFCC) Board of Governors held their quarterly meeting at the Concordia Chamber of Commerce meeting room at 5:30 p.m. on Thursday, January 23, 2020.

The CFCC Consolidated Statement of Financial Position and Statement of Activities for December 31, 2020 showed over $179,000 additional investments  in the Foundation, over $515,000 investment income and over $164,000 in grants awarded for the quarter then ended. The community’s total  fund investment in the Community Foundation for Cloud County is over  $8,756,000 as of December 31, 2020.

The Foundation had earnings rate for the quarter ending December 31, 2019 of 6.43%, the annual rate was 22.26% and the ten-year absolute rate was 147.49% or an annualized rate of 9.49%.

The Summary Report for the 2019 Hansen 50K Initiative  Grant was presented and it showed that 67 donations were received with $40,260 being raised for the Impact Fund for Cloud County. The Dane G. Hansen Foundation match the $40,260 in donations to the Impact Fund and donated $20,000 to the Foundation’s Administrative Fund in January of 2020. In total the four Dane G. Hansen Initiatives have raised $250,335 for the Impact Fund for Cloud County and $52,250 for our Administrative Fund.

After discussions regarding the $17, 933 fee rebate and the Available to Spend amounts, the Board approved holding our seventh Match Madness on March 10, 2020 and provide the match from the Impact Fund in the amount of $18,000. In its six-year history the new monies made available through the Match Madness to the participating funds total over $345,000.

The Sustainer’s Legacy Club is the only recognition that is currently open for admission.  Since its inception in October 2015 the Sustainer’s have provided over $160,000 for the CFCC Administrative Fund.

The Board approved an amendment to the Economic Development Fund. After review and discussions, the Board decided to not participate in proposal from the Cerebral Palsy Research Foundation of Kansas. 

The Board reviewed the Grant Committee minutes for November 15 and December 13, 2019 as well as the 2019-2020 Grant History for the first two quarters. The Board unanimously ratified the following grants previously awarded:  

  • Dane G. Hansen Community Grant Fund – a $10,000 grant to the Concordia Chamber of Commerce – Christmas lighting Committee to assist with the wiring harness replacement; a $4,997.50 grant to the City of Concordia for the movie and band summer concerts; a $3,000 grant to the Kansas Post Rock Coalition to assist with the map and field guides.
  • Blosser Foundation Donor Advised Fund – a $5,000 grant to the Impact Fund for Cloud County as a donation to the  2019 Hansen Initiative Matching Grant fund raiser; a $2,000 grant to the City of Concordia for the Blosser pilot scholarship.
  • Dale D. & Mary Jane Cool Fund – a $10,328.40 grant to the Trinity United Methodist Church for operations; a $18,591.12 grant to Cloud County Children’s Trust for scholarships to students in pre-school programs in Cloud County; a $18,591.12 grants to Cloud County Community Resource Council for partial or full payment of utility bills for elderly persons in Cloud County based on need; a $18,591.12 grant to Cloud County Community College Foundation for scholarships for students from Cloud County and surrounding counties studying in agriculture with the intention of returning to the farm; a $18,591.12 grant to the Concordia Senior Citizens Center  for operations; and a $18,591.12 grant to the Salvation Army Service Extension Unit for general purposes and preferences for programs benefiting Cloud County.
  • HOPE Fund – a $10,000 grant to the Last Chance Treatment Foundation Corp to assist an individual with medical treatment;
  • Steve and Walene Graham Donor Advised Fund – a $1,900 grant to the St. Anthony Catholic Church for operations.
  • Orphan Train Heritage Society of America Designated Fund – a $1,873 grant to the Orphan Train Complex for operations.
  • Concordia High School Endowment Fund –  a $401grant to the Concordia High School for classroom supplies.
  • Child Advocacy Fund for the Benefit of the NCK CASA – a $20,000 grant to the NCK CASA for operations.
  • Sisters of St. joseph of Concordia Fund – a $2,500 grant for a donation.
  • The First United Methodist Church Foundation Fund – a $957 grant to the First United Methodist Church for operations.

    In total over $255,000 in grants have been awarded from the CFCC since July 1, 2019.

If you have any questions regarding the CFCC please contact Bob Steimel, the Executive Director.