Subject: Giving for Impact, Giving for Joy: DCF Newsletter - October 2018
From: "Delaware Community Foundation" <[email-masked]>
To: "R. Hunter Biden" <[email-masked]>
Date: Tue, 16 Oct 2018 19:28:30 +0000
List-Id: c40ba013b75aa1b85dd83db68mc list <c40ba013b75aa1b85dd83db68.931537.list-id.mcsv.net>

Enjoy stories of generosity in Delaware.

https://delcf.org
Dear Friends,
Lately, in other parts of the country, donor advised funds have come under scrutiny and criticism as "black boxes" for charitable dollars -- accounts where philanthropists leave money to grow instead of deploying it to address community needs (see this Oct. 3 article Bloomberg article (https://apple.news/Ak6XIG152R4egkAuGVq8CnQ) ).

I want to assure you that in Delaware, this is not the case.

Data shows that the DCF does a very good job of ensuring that our DAFs are supporting the community as intended.

At the DCF, donor advised funds represent about 30 percent of our total assets. Over the last four years, those funds have averaged just over an 8 percent payout rate -- well above the required 5 percent payout for private foundations.

In the rare case that a fund is inactive for two or more years, DCF staff reaches out to the donors to come up with revised grantmaking plan
s. Also, in the rare case that a fund does not make a grant for more than three years and a donor is not available, the DCF will issue a grant that aligns with the donor’s previously stated wishes.

Rest assured: Your community foundation is ensuring that the charitable dollars we steward are working hard for Delaware.

If you'd like to discuss how the DCF is investing in Delaware, please reach out to me at 302.504.5228.

Stuart Comstock-Gay (mailto:[email-masked]) , President & CEO
Check out the latest What’s Stu-ing: About the American Dream... book circles and a talk (https://www.delcf.org/2018/09/about-the-american-dream-book-circles-and-a-talk/)
News from the DCF

See Stu's Oct. 8 op-ed (https://www.delawareonline.com/story/opinion/contributors/2018/10/08/every-kid-deserves-shot-american-dream/1568191002/) about opportunity in Delaware.

Nonprofits: We are upgrading our grants application process. The new system will integrate directly with Guidestar (https://www.guidestar.org) . Please make sure your Guidestar profiles are updated so you'll be ready when the next grant cycle is announced early next year!

Professional advisors: Subscribe (https://delcf.giftlegacy.com/?pageID=42) to our gift law e-newsletter, featuring the latest from Washington, tax law updates, case studies and timely articles.
Riverworks Fundhttps://www.delcf.org/2018/10/riverview-works-fund-born-of-an-iconic-company-new-dcf-charitable-fund-will-benefit-delaware-for-generations/
Creating Future Opportunity
While Honoring the Past

Rod and Gina Ward recently established the Riverview Works Fund, a donor advised fund, through a gift of stock from The Speakman Company.

The fund honors all those who were part of The Speakman Company and their devotion to the state and the City of Wilmington in particular.

The Wards will work with the DCF to develop a process to make grants from the Riverview Works Fund to organizations primarily in the education and wellness sectors.

Read more (https://www.delcf.org/2018/10/riverview-works-fund-born-of-an-iconic-company-new-dcf-charitable-fund-will-benefit-delaware-for-generations/)  about The Speakman Company and the new Riverview Works Fund.
https://www.delcf.org/2018/10/riverview-works-fund-born-of-an-iconic-company-new-dcf-charitable-fund-will-benefit-delaware-for-generations/
Congratulations, Dr. Christine Cannon!
Arsht-Cannon Fund Executive Director Honored

On Oct. 9, the National Alliance on Mental Illness in Delaware (NAMI Delaware) (http://www.namidelaware.org/) presented the Simon & Jill Shute Advocacy Award to Dr. Christine Cannon, executive director of the Arsht-Cannon Fund (http://arshtcannonfund.org/)  at the DCF.

Dr. Cannon is a tireless advocate, working to increase educational opportunities and access to healthcare for Hispanic families in Delaware.

Since it first began awarding grants in 2004, the Arsht-Cannon Fund has invested nearly $9 million in Delaware's Latino community.

That includes funding many programs to increase bilingual, culturally relevant care (screening, diagnosis, education and treatment) for Latinos affected by chronic stress, mental or behavioral disorders or other major health common conditions that reduce the quality and length of life.

Congratulations, Chris, and thank you for your work!
Welcome, Rebecca Klug!

https://www.delcf.org/2018/10/rebecca-klug-joins-the-dcf-as-marketing-and-communications-associate/The Delaware Community Foundation is pleased to welcome Rebecca Klug (https://www.delcf.org/2018/10/rebecca-klug-joins-the-dcf-as-marketing-and-communications-associate/) as marketing and communications associate.

Klug previously worked for the Ministry of Caring (https://www.ministryofcaring.org/) , The Delaware Contemporary (https://www.decontemporary.org/) (formerly the Delaware Center for the Contemporary Arts) and the Delaware Coalition Against Domestic Violence (https://dcadv.org/) .

In the newly created role of marketing and communications associate, Klug will develop and implement communication strategies to inform, inspire and engage the community foundation’s various audiences.

Read more about Rebecca. (https://www.delcf.org/2018/10/rebecca-klug-joins-the-dcf-as-marketing-and-communications-associate/)
Get Tickets to Hear Prof. Robert D. Putnam

Tickets are now available (https://www.thegrandwilmington.org/productions/6004-2018-leadership-lecture) for a special presentation by Prof. Robert D. Putnam!https://www.delcf.org/community/

Get your tickets to hear Prof. Putnam, world-renowned sociologist and author of Our Kids: The American Dream in Crisis, discuss the imbalance of opportunity in Delaware.

This event is likely to sell out.

Prof. Putnam's presentation is part of Building Opportunity in Delaware (https://www.delcf.org/community/building-opportunity/) , a multiyear initiative to explore the opportunity gap, convene conversations that lead to solutions, and leverage resources for the greatest impact on creating opportunity for all Delawareans.

See our new Community Engagement web pages (https://www.delcf.org/community/) to find out about other ways to get involved.
New Charitable Funds Opened September 2018

Innocents Abroad Fund
Anthony Penna Event Fund
Marilyn N. Hendricks Fund for YWCA Delaware
Grants Awarded September 2018
DCF funds invested more than $820,000 in grants and scholarships in the community during September! Here is a sample of some of these powerful grants:

Anonymous Fund
Nemours Fund for Children's Health -- $15,000

Rita Mulrooney Charitable Fund
Sunday Breakfast Mission -- $24,414.44
Friendship House, Inc. -- $24,414.43
Little Sisters of the Poor -- $24,414.43
Ministry of Caring -- $24,414.43
Salvation Army -- $24,414.43

First State Fund
Lawyers Committee for Civil Rights Under the Law -- $10,000

Benjamin Potter Trust Grants Fund
Boys and Girls Clubs of Delaware, Inc. -- $40,000
NCALL Research -- $30,000
Communities in Schools of Delaware -- $30,000
MHDC -- $30,000
Delaware Breast Cancer Coalition -- $30,000
Food Bank of Delaware -- $25,000
Westside Family Healthcare, Inc. -- $15,000
Cancer Support Community of Delaware -- $15,000
Catholic Charities, Inc. -- $20,000

How could you make a lasting impact on Delaware
through charitable giving?

Contact us to discuss the possibilities. (mailto:[email-masked]?subject=Contact%20from%20DCF%20newsletter)

We know philanthropy, and we know Delaware.

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