Resources to Guide Philanthropic Reponses to Russian Invasion of Ukraine
Since the Russian invasion on February 24, 2022, more than 3 million refugees have fled Ukraine. While the world watches the continued violence, many are wondering how they can help. As a trusted partner in generosity, we have compiled a list of resources as a starting point for those wishing to respond to the humanitarian crisis.
Council on Foundations
Resources and response funds to guide philanthropic response
Charities Aid Foundation America
List of organizations providing aid to Ukrainians
Center for Disaster Philanthropy
Established the Ukraine Humanitarian Crisis Recovery Fund
Sources:
Council on Foundations
Global Infrastructure Partners
Stanley Center for Peace and Security
March 24, 2022
Investment Committee Completes Comprehensive Model Portfolio Realignments
It is standard practice for the Foundation’s Investment Committee to routinely manage all Foundation model investment portfolios to keep them responsive to forever changing national and international investment markets.
Over the past year, the investment industry has been wrestling with how best to respond to several important national and international investment market challenges. The Committee accepted these challenges and has just recently completed its response.
Given their score and magnitude, the Committee feels it is also important for Foundation clients to understand the specific issues and what realignments have been made to the various model portfolios in an effort to capitalize on them. These realignments are expected to better position all Foundation model portfolios for continued growth.
Click here to view the complete Investment Committee Model Portfolio Realignments.
Click here to learn more about our investments. This is our user-friendly publication called, “Empowering Endowments”.
February 14, 2022
2021/2022 Leadership
The Community Foundation of Greater Muscatine recently approved its Board of Directors slate for 2021/2022. Rich Dwyer, Senior Vice President of Kent Corporation, will continue to serve as Board President. Other members include Bob Barrett, Mayor of Wilton, Brandon Bullock, President of HON Co.; Dr. Naomi DeWinter, President of Muscatine Community College; Jodi Royal-Goodwin, Community Development Director of City of Muscatine; Angie Johnson, Executive Director of Unity Point – Trinity Muscatine Hospital; Cindy Mays, Market President of MidWest One West Liberty; Brett Nelson, General Manager of Musco Sports Lighting; Keith Porter, President of Stanley Center for Peace and Security; Jessica Susie, Attorney at Brick Gentry P.C.; Dr. Jim Stein, Chairman Emeritus of Central Bancshares, Inc.; and Mike Wilson, Vice President of First National Bank of Muscatine.
Charla Schafer, Executive Director of the Community Foundation of Greater Muscatine, remarked, “We are grateful for this talented team of community-builders that provide adaptive insight, expertise, and dedication to achieving our long-standing mission of improving the quality of life in Muscatine County through leadership and careful stewardship of donors charitable giving.
The trust so many have in the Community Foundation is evident in the growing generosity of community donors, as the Foundation’s assets surpassed $60 million in 2021. These assets serve to help our community thrive and grow today, through immediate impact, while anchoring the gifts for lasting change.
To that end, one of the Community Foundation’s primary strategic focus areas is to collaboratively address the community’s biggest challenges with upstream thinking including health, housing, education, and equity.
“We are excited to participate in a continued evolution, alongside our donors and other community leaders, reimagining ways to work better together to leverage expertise and engage diverse resources for community benefit.” Schafer added. “So often communities try to address issues through silo’d navigation which is a sub-optimal model for success.”
The Community Foundation Board and organizational leadership collaboratively embrace taking a bold, future-focused aim at understanding and strengthening infrastructural frameworks, and human capital advancing ecosystems to better position our community, our neighbors, and our children for an even brighter tomorrows.
To donate or learn more, please call the Community Foundation at 563-264-3863 or visit the website at www.muscatinecommunityfoundation.org.
Investment Update
It comes as no surprise; the challenges of responsible and prudent investing are many and are in continual change. We are confronting one such change at the moment, that is, the current historically low interest rate on certain fixed income securities.
We are grateful to our Investment Committee who has the expertise to deal with such challenges. Mel McMains serves as Chair, and the committee includes Bob Jensen, Dave Jones, Scott Ingstad, Angie Johnson, Bob Sheets, Jim Stein, and Mike Wilson. They continually balance the needs of today with growth for tomorrow, and they do it quite well and quite consistently. Over the last 10 years, our long-term portfolios have averaged between 6% and 9+% annual returns with 3-year and 5-year annual returns even higher.
So far in 2021, equities are doing great, generally with low double-digit returns, but the fixed income sector is experiencing exceptionally rough waters led by certificates of deposit (CDs) and money market funds with current interest rates of near-zero to zero. In addition, the Foundation has learned lending institutions really aren’t seeking CD money at the moment because the cost of FDIC insurance costs more than they can earn by lending out the money. This situation presents an especially difficult challenge for the Foundation inasmuch as CDs, in particular, are in virtually every one of its model portfolios and are typically each portfolio’s largest allocated fixed income security.
In a normal investment environment when interest rates drop, the model portfolios are designed to accommodate investing new certificates of deposit assets in bond mutual funds, which ordinarily respond counter to CDs. But, in this current fixed income cycle, money market funds and CDs are zero or only nominally higher with most bond mutual funds struggling to report positive year-to-date returns.
However, the Foundation’s Investment Committee accepted this investment challenge and spent the better part of the past two months exploring other fixed income options, but has recently concluded that most alternative security options come with a concerning investment risk.
The Committee is protective knowing for many of our short-term project funds; capital preservation is of paramount importance. Thus, in our fixed income portfolios, each has aligned a short-term strategy to maintain greater portions of the portfolio primarily in money market funds as certificates of deposit mature even if the funds are yielding zero interest income. This strategy enables a nimble reentry into other fixed income investments when interest rates begin to recover.
The most dramatic situation is with the Foundation’s short-term Liquid Model Portfolio. This portfolio allocates 100% of its assets to fixed income and is designed to normally target 95% of its assets to certificates of deposit. To help lift this portfolio’s performance, the Committee, on April 29, approved and added a very conservative mutual bond fund, the Vanguard Short-Term Inflation-Protected Securities Index (VTAPX). This fund was allocated a 15% investment target. So, going forward, this model portfolio assets will be 15% invested in this new bond fund, continued investment in short-term CDs to the extent they are available and with an acceptable interest rate and, when not, the assets will sit in a money market account. For your information, the Foundation also offers one other short-term model portfolio, Measured-Risk Model Portfolio that offers more fixed income security options along with a modest 15% conservative equity allocation. This portfolio is expected to outperform the Liquid Model Portfolio near-term, but it will also carry more investment risk.
The Foundation’s three long-term model portfolios allocate lesser percentages to fixed income, but are still significant. The Conservative Growth portfolio allocates 60% of its assets to fixed income securities; Active Growth portfolio allocates 40% and the Dynamic Growth portfolio 25%. In all cases, the Investment Committee has chosen, at this point, to not make any changes to the fixed income security allocations in these portfolios.
Bottom line, for the time being, the overall performance of fixed income securities is most likely to be disappointing. However, we can be confident the market will eventually adjust and when it does fixed income securities will once again assume a more normal and traditional asset allocation and contribution role. In the meantime, we can hope the nice performance of equities continues.
The Foundation remains committed to managing its funds with the same vision today as any other day, with strong diversification, measured risk, and consistent rebalancing. These strategies mirror models of historical success, and we expect will continue to offer strong long-term returns on its invested assets.
If you have any questions about any of our strategic investment portfolios or returns, please do not hesitate to reach out.
May 12, 2021
Roots of Benevolence
For a community to flourish you must first have benevolence, and the efforts of individuals such as C. Max Stanley and his wife Betty represent the benevolence that have contributed to Muscatine County’s prosperity.
Max Stanley was an international and community leader and citizen, whose vision of Muscatine as an emerging economic beacon clashed at times with a growing consensus around impending deterioration of rural vitality. Max founded Stanley Engineering Company (Stanley Consultants), a global leader in engineering; Home-O-Nized (HNI), a global manufacturer; and the Stanley Foundation (Stanley Center for Peace and Security), which was aimed at international peace.
The latter two were started out of a heart of benevolence.
Max and his brother-in-law, Clem Hansen, worried that soldiers returning to our community at the end of World War II would not have employment. To address this the two of them launched what would later become the manufacturing giant HNI to meet the needs of the homebound soldiers. It was not an easy road or one with clarity of success. This two-person idea led to a local workforce today of over 10,000 individuals.
The Stanley Foundation represents Stanley’s focus on the importance of compassioned outreach and individual commitment to creating solutions. Max was urged at points to move the Stanley Foundation to premiere cities of political and financial influence, but opposed the idea, noting that, “…the Foundation would make a greater impression, especially on foreign diplomats, by being a solo voice from the American Midlands ” Current leadership of Stanley Center for Peace and Security have recently affirmed their commitment to Max’s vision and our community.
During the early 1950s, Muscatine was experiencing an economic shift as the pearl button industry deteriorated. Attempting to counter this erosion, a volunteer industrial commission was developed, and Stanley was named chairman. A local fundraising drive financed a Development Corporation, and letters were sent promoting Muscatine to Fortune 500 companies. One letter piqued the interest of Monsanto and led to a new plant being developed in 1961. Begun with forty employees, the plant has a work force today of 425 full time employees and over 100 contractors on site.
The Muscatine Health Center was another example of how Max and a collective of local community leaders improved the City’s foundational assets. In response to a shortage of doctors, a nonprofit organization was begun that brought physicians into the community; and was the precursor to the Unity Point Clinics, which today offers 400 doctors and health care providers.
Max and Betty Stanley were also life-long supporters of arts and education and recognized the opportunity for advancement within the community. They funded the contemporary Stanley Gallery, as part of the Muscatine Art Center, which today boast renowned, world-class art exhibitions and encourages local artistry.
And, the list goes on…
According to “Max, A Biography of C. Max Stanley,” the Stanleys modeled for their colleagues and neighbors the idea that, “Money earned was not solely for personal gain and certainly not for frivolous extravagances; wealth was to be shared with others or invested in worthy causes.”
What would Muscatine and the lives of our neighbors look like today, if Max, Betty, and all the others that came before us had chosen not to believe in the vitality of our community; erasing the side rails in their minds of what we were and instead envisioning what we could be; taking action through problem-solving and intentionality of design for a future they believed the next generation deserved?
The Community Foundation of Greater Muscatine was built from a collection of those that cast similarities of Max and Betty Stanley; leaders, visionaries, and friends sharing their time, love, action, and small and large gifts to shape the future of our collective community. Call us today to discuss your inspired idea or charitable giving.
This article was originally published in the Muscatine Magazine in February of 2021.
Image courtesy of Stanley Center for Peace and Security
Muscatine County Proud
When my husband John and l visited our good friend, Sister Irma, at the Mother House in Dubuque, we encountered many cheerful nuns, and each posed the simple question, “where are you from?” With pride, we repeatedly answered Muscatine.
As l reflected after, l recognized my immense appreciation for living here. We have a great sized community, close to the natural treasure of the Mississippi; immense heritage and special history; schools filled with caring and committed educators; outstanding industry and business; strong faith-communities; talented local musicians; numerous parks, recreation and sports complexes; world-class art; short commutes; high-caliber, affordable college; proximity to metros; and a diversity of people.
But, as it turns out, these are not the topics we often hear discussed in our community. When listening to the undercurrent of conversation about Muscatine County, it can sometimes be negative in nature, focusing on the limitations.
Ben Winchester, a national keynote speaker and rural sociologist, says, “People don’t move to your town out of pity.” Touché. There are many diverse reasons we all choose to call Muscatine County “home,” but some choose to only wax about the weaknesses.
Let’s say, for example, Emily is married to Ryan. Emily could have picked anyone, but she chose Ryan. Ryan is kind, trusting, funny, innately family-oriented, and very smart – all of the things Emily was hoping for, but when she talks about Ryan, she only mentions that he can’t dance, doesn’t pick up his socks, has a bad haircut, and forgets to let the dog in. Through the choice of messaging, Emily has managed not to celebrate her good fortune to have Ryan in her life, but instead begins to sound a little melancholy.
Boom. Welcome to your marriage with Muscatine. The community is like Ryan, easy to fall in love with and rich in strengths. Be proud.
I once started to tell my mother-in-law something l didn’t like about one of her ten children. She abruptly cut me off and told me, with finger wagging, “All of my children have weaknesses.” As it turns out, so do all spouses, all friends, and all communities, but we choose them to be part of our life because of the strengths they offer, because of how they make us feel.
Take a moment and reflect on what is important about where you live. No place is perfect, but many are certainly closer to it.
The next person that asks where you live – answer and tell them why this brings you joy!
My name is Charla, and l am privileged to live in Muscatine County with neighbors like you.
By the way, I’d like to let you know that the Community Foundation is bringing Ben Winchester to our community virtually on multiple upcoming Fridays. He will be discussing the rural narrative and how we have it wrong, resident recruitment and how we all play a part, as well as having a dialogue on local housing needs and solutions. All sessions will be free and online from 11 a.m. to 1 p.m., and we would love for you to join us! For dates and registration go to https://benwinchester.rsvpify.com/ or call 563-264-3863.
Racial Justice
Words cannot express the outrage to watch a man plead for his life and not be heard. But the cruel, unjust actions by a few, do not represent the often too quiet love that lives in the hearts of the masses. This love, however powerful, gets lost in the un-extinguishable pain; pain of the continued instances when love for our neighbors is not represented, or quite the contrary is explicitly acted out through unjust and willful disregard for life or disrespect for another.
Those who love are often at a loss of what to do to right these deplorable actions. But sadly there is not a simple answer to extinguishing hateful, prejudiced acts by a few.
The masses must begin to speak more loudly when unjust occurs, while judicial justice must be served expeditiously and to the gravest extent the law allows. This justice should be extended to those that hesitate when intervention is an opportunity. And, we can’t turn away; the spotlight must continue to be drawn to the grieved injustice to serve as a teacher for others and our youth, as we adjust the guidepost to offering reverence for all.
We as a community have to hear those that feel unheard. We as a community have to find ways to advance equity and provide an informed context for all to reach their true potential. We as a community have to believe in our children and the families that raise them, as if they are members of our own extended family. Love for each other is the only pathway to abolition of disregard .
Violence and destruction is not a friend of reverence. Violence and destruction deepen division. Those that choose harm as a guise to change, must be held accountable. Theirs’ is not a voice we should hear or foster. Their actions drum out the very platform of love and equity that needs to rise in our collective hearts.
When the lights are dimmed the differences between us are extinguished. This is a time that we should rely less on our eyesight, trained on differences, and more on our hearts, trained on love – to lead us to a better tomorrow.
In order to further advance racial justice, equity, and inclusion in Muscatine and Louisa Counties, the Community Foundation has announced establishment of a Racial Justice Fund and committed $25,000 in matching dollars. Granting will be available to qualified charitable organizations whose work acts as an accelerator or reduces barriers towards racial justice, centered on those most marginalized in our service area.
A Vision to Turn Charitable Dollars from Annuals to Perennials
I am fortunate to be able to work in the shadow of Community Foundation leaders, volunteer Board members, and visionary donors that have built the Community Foundation of Greater Muscatine. The unusual circumstances of today illuminate the wisdom of these forward-thinking individuals.
You may have read recently that the Community Foundation and one of its funds, the Muscatine Health Support Fund, have partnered to offer $100,000 in matching money to dollars gifted to the Community Continuity fund for relief efforts.
How does this happen that the Community Foundation is positioned to provide matching dollars of this level? Not by accident, but by thoughtful, envisioned intention.
A donor gift to the Community Foundation can be aligned around an immediate need as we are doing with current donations to the Continuity fund. But, importantly, those gifts are being matched by monies from our unrestricted endowments that have been built over our history. This is the beauty of the Community Foundation model; a gift to our unrestricted endowment allows us to be nimble the year it is received and every year after, virtually forever.
Gifts to our unrestricted endowments are invested, and amplified through market growth, thus we are able to spend 5% each year to strengthen community priorities or, under current circumstances, to stabilize our community through reactive and proactive relief efforts.
A simple analogy is your garden. When you buy and plant an ‘annual’ you see the returns in the single year you planted it. When you purchase a ‘perennial’, you pay for it once but you and those that come after you get to enjoy the beauty of your investment as it returns year after year. This is what a gift to an unrestricted endowment enables.
We can’t know what the future holds. And to that end, many, many of our committed neighbors over the years have given gifts to build an unrestricted endowment to enable the Community Foundation to be nimble, responsive, and impactful during ordinary and unusual times, this year and every year in the future. Good people that sit in your church, at your work, or on your block who want to give back to the place they have called home; the place they have raised their children.
People like Hilda Collitz who left money to be directed toward helping the homeless, but also left sizable unrestricted dollars to provide Community Foundation leadership the latitude to react and provide vision for the shifting needs within our community.
And, Bob and JoAnn Jensen, who have consistently and generously gifted to area students through sizable scholarships, also unassumingly make substantial annual gifts to grow our unrestricted “Cares and Shares” endowment, for which they founded. This endowment strengthens our community this year and every year. We are experiencing their “perennial” vision today as monies from this endowment amplify your gifts to relief efforts through our matching program.
We thank all of those that came before us that gave a percentage of their estate or their incomes to unrestricted endowments at our Foundation. They knew they couldn’t predict the future, but had the vision to gift in a way that helps design a stronger today and all of our tomorrows for our children and our children’s children. We are grateful.
Charla
Investment Portfolio Q-End Notes
2019 was quite a year for our funds. We posted between 13% to 22% growth in our fund portfolios with varying equity positions. Our Investment Committee membership has remained consistent, with bright, local volunteer experts that care about our community and our neighbors that we serve. Mel McMains serves as Chair, and the committee includes Dave Jones, Scott Ingstad, Angie Johnson, Bob Sheets, Jim Stein, and Mike Wilson. They continually balance the needs of today with growth for tomorrow, and they do it quite well and quite consistently. Over the last 10 years our funds have averaged between 6% and 9% annual returns.
However, as we all know the 1st quarter of 2020 was a doozy with the world grappling with coronavirus containment. We have experienced a bullish market over the last 11 years. And, history shows stock market corrections are normal and sometimes healthy; however, the recent economic stifling through coronavirus containment efforts was beyond the magnitude of a normal correction. The quick and vigorous passing of robust stimulus packages alongside new data on virus projections have eased the financial pressures of the downturn, but short-term uncertainty remains. As I write this on April 8th, the S&P is 20% higher than its March 23rd low.
Please know that our investment strategy remains the same today as any other day, with strong diversification, measured risk, and consistent rebalancing. These strategies mirror models of historical success, and we expect will offer strong long-term returns for our funds.
If you have any questions about the investment portfolio or returns please do not hesitate to reach out.
Wishing you good health!
Charla
Muscatine Heroes
When we think of heroes we often think of celebrities or those faced with a split-second decision that saves a life; but that view is quite myopic. And, the fallacy of this restrictive perspective has become increasingly obvious in the past few weeks.
We have seen our community, Muscatine County, displaying countless heroic efforts every moment of every day. Heroism by our neighbors for our neighbors.
The outcome of disruption is growth and the illumination of the stark goodness that exists. This goodness is displayed through our friends and neighbors actions in both quiet and visible ways. We have seen:
• Local health care providers working around the clock to manage the changing demands that are happening and ensuing to ensure those in our community get the care we need.
• Wilton Café and Jeff’s Market in Wilton and West Liberty providing food for children that would be without, because school is where they eat. These businesses don’t know what this economic disruption will do to their livelihood, but they chose to selflessly help their neighbors.
• 30+ non-profits and area leaders coming together to discuss changing needs and ways to collaborate.
• Non-Emergency Transport providing free delivery to ensure the home-bound can get their medical and other needs met.
• Muscatine Community College leadership locating extended housing for displaced students in the matter of hours.
• Muscatine and Louisa-Muscatine school officials planning meal distribution for area children in need.
• People volunteering to deliver food to shut-ins when they might prefer to stay home and not expose themselves to unnecessary risk.
• People generously opening their pocketbooks to ensure helping agencies can handle the increasing demand of need.
• Grocery workers, volunteers, and truckers working around the clock to meet demands.
• People calling and visiting with those that are isolated and alone.
• Workers continue to adjust to produce essential products and services to meet our community and broader needs.
• Childcare providers taking children so parents can work when they would rather shut their doors.
• Muscatine Power and Water extending grace in policies that will keep our neighbors lights glowing bright during troubling financial changes.
• People displaying patience and understanding for the shifting decisions being made; knowing local leaders are tasked with immeasurable consequences as they balance individual and community needs in a shifting, untested landscape.
• Tens of thousands of people in our community listening to the recommendations and being compliant further protecting the most vulnerable.
• And, the list goes on….and on….
Heroes – each of them. Heroes – each of you. When we think of the greater good, when we think of others and not ourselves – that is heroism.
And, I am proud to say we just have to glance about and we see it everywhere. It is there everyday. Times of disruption just shine a light on it.
Unusual times. This too our community will marshal past. But, I am confident we will look backward and forward with pride as we reflect on those we call our neighbors.
Thanks to all for showing your humanity in untold ways. For that, we are grateful.
Charla
March 22, 2020