2024-11-15T18:13:40-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2023-01-01 030345186 J WARREN AND LOIS MCCLURE FOUNDATION JWAR 8023883355 CO VCF 3 COURT STREET MIDDLEBURY VT 05753 DANIEL SMITH CEO OF VCF 8023883355 2024-11-15 1 0 MARY KAY CURTISS P01551484 8605614000 2024-11-15 2023 2024-10-15 13:58:12Z BARBARA BENEDICT C/O VCF 3 COURT STREET MIDDLEBURY VT 05753 656884 0 1 X MCCLUREVT.ORG X 1994 VT TO SUPPORT BROAD CHARITABLE PURPOSES, PRIMARILY IN THE STATE OF VERMONT. 4 3 1 5 0 0 662938 468683 0 0 232764 188201 0 0 895702 656884 486901 1135026 0 0 114797 0 0 0 0 175948 346357 777646 1481383 118056 -824499 8403921 8212892 261496 203822 8142425 8009070 TO SUPPORT BROAD CHARITABLE PURPOSES, PRIMARILY IN THE STATE OF VERMONT. 0 0 1153645 1135026 0 THE J. WARREN & LOIS MCCLURE FOUNDATION ENVISIONS A VERMONT IN WHICH NO PROMISING JOB GOES UNFILLED FOR LACK OF A QUALIFIED APPLICANT AND WHERE COLLEGE AND CAREER TRAINING CONTRIBUTE TO GREATER EQUITY AND RESILIENCE. IN 2023, THE FOUNDATION PROVIDED 71 GRANTS IN SUPPORT OF ITS MISSION TO PROMOTE EQUITABLE ACCESS TO CAREER AND POSTSECONDARY EDUCATION FOR ALL VERMONTERS; ESPECIALLY LOW-INCOME STUDENTS AND FIRST-GENERATION COLLEGE STUDENTS. THOSE GRANTS SUPPORTED PROGRAMS IN ALL 14 COUNTIES IN VERMONT. 1153645 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 1 1 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X CAROLYN WEIR 8023883355 3 COURT STREET MIDDLEBURY VT 05753 BARBARA BENEDICT PRESIDENT 8.00 0.00 X X 0 0 0 REBECCA HENRY VICE PRESIDENT 2.00 0.00 X X 0 0 0 TIMOTHY J DONOVAN TREASURER 2.00 0.00 X X 0 0 0 DANIEL SMITH SECRETARY 4.00 48.00 X X 0 229526 60916 JANET MCLAUGHLIN DIRECTOR 2.00 0.00 X 0 0 0 CAROLYN WEIR EXECUTIVE DIRECTOR 40.00 0.00 X X 115798 0 23432 LAUREN CURRY DIRECTOR 2.00 0.00 X 0 0 0 WILLARD JACKSON DIRECTOR 2.00 0.00 X 0 0 0 115798 229526 84348 1 0 1 0 0 468683 313683 468683 149871 149871 38330 0 38330 38330 38330 656884 0 0 188201 1135026 1135026 227679 227679 67669 67669 24202 4000 20202 8657 8057 600 3012 3012 88 88 829 829 4924 2571 2353 2425 2425 DUES 5150 150 5000 PROFESSIONAL DEVELOPMEN 1722 1722 1481383 1153645 327738 0 4974 76813 2402549 3682272 5260426 4048931 735972 404876 8403921 8212892 496 8322 261000 195500 261496 203822 X 8142425 8009070 8142425 8009070 8403921 8212892 -824499 691144 0 X 0 1 X 1 0 X X 1 VERMONT COMMUNITY FOUNDATION 222712160 7 1 118155 0 1 118155 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6 TO FURTHER THE EXEMPT PURPOSE OF BOTH THE FOUNDATION AND ITS SUPPORTED ORGANIZATION, GRANTS WERE AWARDED TO OTHER QUALIFIED 501(C)(3) ORGANIZATIONS. THE GRANTS WERE AWARDED TO ORGANIZATIONS PRIMARILY TO PROMOTE ACCESS TO POST-SECONDARY AND CAREER EDUCATION FOR ALL VERMONTERS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 271062 139887 410949 1481383 58885847 1481383 59296796 223138 1000000 55785 250000 0 21062 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 94920 201752 92924 410949 800545 250000 250000 250000 250000 1000000 1500000 58223 102190 43662 271062 475137 0 8142425 468683 811397 1135026 15913 262496 8009070 9396605 662938 -1221462 452600 94501 148555 8142425 8353455 820396 1123391 655568 4736 240333 9396605 8339593 600000 631918 989342 48004 180710 8353455 7699547 160000 1354389 692700 6309 175334 8339593 1.00000 0.00000 0.00000 0 1 1 0 DOMESTIC EQUITY 699497 F GLOBAL EQUITY 1553769 F FIXED INCOME 483368 F HEDGED EQUITY 598044 F PRIVATE EQUITY 714253 F 4048931 PART V, LINE 4: ENDOWMENT FUNDS ARE DESIGNATED AND INTENDED FOR USE IN THE FURTHERANCE OF THE FOUNDATION'S EXEMPT PURPOSE. 1 COMMUNITY COLLEGE OF VERMONT - MONTPELIER PO BOX 489 MONTPELIER VT 05601 030213787 MUNICIPALITY 51327 0 TO SUPPORT STUDENT COSTS (TUITION/FEES/STIPENDS) ASSOCIATED WITH THE MCCLURE FREE DEGREE PROMISE FOR THE SPRING 2023 SEMESTER COMMUNITY COLLEGE OF VERMONT - MONTPELIER PO BOX 489 MONTPELIER VT 05601 030213787 MUNICIPALITY 80871 0 TO SUPPORT STUDENT COSTS (TUITION/FEES/STIPENDS) ASSOCIATED WITH THE MCCLURE FREE DEGREE PROMISE FOR THE FALL OF 2022 SEMESTER COMMUNITY COLLEGE OF VERMONT - MONTPELIER PO BOX 489 MONTPELIER VT 05601 030213787 MUNICIPALITY 91522 0 TO SUPPORT STUDENT COSTS (TUITION/FEES/STIPENDS) ASSOCIATED WITH THE MCCLURE FREE DEGREE PROMISE FOR THE SUMMER 2023 SEMESTER COMMUNITY COLLEGE OF VERMONT - MONTPELIER PO BOX 489 MONTPELIER VT 05601 030213787 MUNICIPALITY 199890 0 TO SUPPORT ESTIMATED STUDENT COSTS (TUITION/FEES/STIPENDS) ASSOCIATED WITH THE MCCLURE FREE DEGREE PROMISE FOR THE FALL 2023 SEMESTER COMMUNITY COLLEGE OF VERMONT - WINOOSKI PO BOX 489 MONTPELIER VT 05601 030213787 MUNICIPALITY 8000 0 TO SUPPORT VETERAN AND MILITARY SERVICES IN FY24 COMMUNITY COLLEGE OF VERMONT - WINOOSKI PO BOX 489 MONTPELIER VT 05601 030213787 MUNICIPALITY 27261 0 TO SUPPORT THE COSTS OF A STUDENT RESOURCE COORDINATOR IN FY24 SERVING EARLY COLLEGE AND FREE DEGREE PROMISE STUDENTS COMMUNITY COLLEGE OF VERMONT - WINOOSKI PO BOX 489 MONTPELIER VT 05601 030213787 MUNICIPALITY 100000 0 TO SUPPORT CAREER LEARNING MANAGEMENT AND INTEGRATION IN FY24 COMMUNITY COLLEGE OF VERMONT - WINOOSKI PO BOX 489 MONTPELIER VT 05601 030213787 MUNICIPALITY 115000 0 TO SUPPORT SECONDARY EDUCATION INITIATIVES IN FY24 COMMUNITY COLLEGE OF VERMONT - WINOOSKI PO BOX 489 MONTPELIER VT 05601 030213787 MUNICIPALITY 148240 0 FY24 "FREE DEGREE PROMISE" ADMINISTRATION GRANT GREAT SCHOOLS PARTNERSHIP 482 CONGRESS STREET SUITE 500 PORTLAND ME 04101 263834610 10000 0 TO SUPPORT THE NESSC COMMON DATA PROJECT ORANGE SOUTHWEST SUPERVISORY UNION 24 CENTRAL STREET RANDOLPH VT 05060 030217825 25000 0 TO SUPPORT Y1 OF THE "YEAR 13 MENTORING" PILOT PROGRAM AT RANDOLPH UNION HIGH SCHOOL WITH A TERM OF JULY 1, 2023 THROUGH JUNE 30, 2024 VERMONT RURAL EDUCATION COLLABORATIVE 825 MEAD HILL ROAD DERBY VT 05829 030360919 50000 0 TO SUPPORT GENERAL OPERATIONS FEBRUARY 2023-JUNE 2024, THE ULTIMATE GOAL OF HELPING ADVANCE TEACHER WORKFORCE DEVELOPMENT IN THE NEK VERMONT SCHOOL BOARDS ASSOCIATION 2 PROSPECT STREET 4 MONTPELIER VT 05602 030211383 10000 0 TO SUPPORT EQUITY EFFORTS, TO INCLUDE SCHOOL BOARD MEMBER AFFINITY GROUPS VERMONT STATE UNIVERSITY JOHNSON CAMPUS 124 ADMIN DRIVE PO BOX 500 RANDOLPH CENTER VT 05061 030213787 50000 0 TO SUPPORT PILOTING STUDENT TEACHER SEMESTER STIPENDS AND ANALYZING THE PILOT FOR USE AS A DEMONSTRATION PROJECT. VERMONT YOUTH CONSERVATION CORPS 1949 EAST MAIN STREET RICHMOND VT 05477 030328834 50000 0 TO SUPPORT STRATEGIC VISIONING, BRANDING, AND MARKETING FOR THE SERVE LEARN EARN COLLABORATIVE FROM JULY 1, 2023 - JUNE 30, 2026 VT FLOOD RESPONSE AND RECOVERY FUND 2023 C/O VCF 3 COURT STREET MIDDLEBURY VT 05753 222712160 25000 0 TO SUPPORT THE VT FLOOD RESPONSE AND RECOVERY FUND 9 9 PART I, LINE 2: GRANTS AWARDED FROM THE FOUNDATION ARE ACCOMPANIED BY A LETTER THAT STATES THE DEPOSIT OF THE GRANT CHECK SIGNIFIES ACCEPTANCE OF THE AWARD, INTENT TO COMPLY WITH THE STATED GRANT PURPOSE, AND SERVES AS THE RECEIPT FOR THE PAYMENT. GRANTEES ARE ASKED TO CONTACT THE FOUNDATION IF THEY HAVE ANY QUESTIONS ABOUT THE GRANT OR IF THEY ARE UNABLE TO FULFILL THE GRANT PURPOSE. ADDITIONALLY, MOST GRANTS REQUIRE PROGRAMMATIC AND/OR FINANCIAL REPORTING TO ENSURE THE APPROPRIATE USE OF GRANTED FUNDS. X 0 0 0 0 0 0 0 0 0 DANIEL SMITH SECRETARY 0 229526 0 0 0 0 0 23718 0 37198 0 290442 0 0 PART I, LINE 3: DAN SMITH IS THE PRESIDENT AND CEO OF THE VERMONT COMMUNITY FOUNDATION, THE SUPPORTED ORGANIZATION OF THE J. WARREN AND LOIS MCCLURE FOUNDATION. THE VERMONT COMMUNITY FOUNDATION'S BOARD OF DIRECTORS REVIEWS THE PRESIDENT/CEO'S SALARY ANNUALLY AND USES THE COUNCIL ON FOUNDATION'S ANNUAL SALARY SURVEY AS A GUIDELINE TO DETERMINE THE APPROPRIATENESS OF THE SALARY AND/OR ANY ADJUSTMENTS. THE FOUNDATION SEEKS TO HAVE THE PRESIDENT/CEO'S SALARY BE AT A REASONABLE RANGE AROUND THE MEDIAN SALARY PROVIDED BY THE COUNCIL ON FOUNDATION'S SURVEY FOR FOUNDATIONS OF COMPARABLE SIZE, AS ADJUSTED FOR THE REPORTING PERIOD LAG. ALL OTHER STAFF SALARIES ARE ESTABLISHED BY THE PRESIDENT AND VP FOR FINANCE/CFO USING THE SAME METHOD DESCRIBED ABOVE. JOBS ARE MATCHED TO THE COUNCIL ON FOUNDATION'S SURVEY POSITIONS BASED ON CONTENT AND RESPONSIBILITIES. PERFORMANCE REVIEWS ARE PERFORMED BY THE CEO ON AN ANNUAL BASIS FOR SENIOR MANAGEMENT. X 2 313683 FMV 0 1 0 PART I, COLUMN (B): IN COLUMN B, THE UNIVERSITY IS REPORTING THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 BARBARA BENEDICT AND REBECCA HENRY ARE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE VERMONT COMMUNITY FOUNDATION PERFORMS CUSTOMARY MANAGEMENT DUTIES ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WILL REVIEW THE FORM 990 AND RELATED SCHEDULES AND PROVIDE A COPY OF THE TAX RETURN TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION HAS ESTABLISHED A CONFLICT-OF-INTEREST POLICY AND A CONFIDENTIALITY POLICY. THIS POLICY IS IMPLEMENTED AS FOLLOWS: A) ANNUALLY, THE VP OF OPERATIONS AND ADMINISTRATION (VPOA) REVIEWS THE CONFLICT-OF-INTEREST POLICY AND CONFIDENTIALITY POLICY WITH VCF STAFF AS PART OF ITS ANNUAL EMPLOYEE HANDBOOK UPDATES. THE POLICIES ARE DISCUSSED, AND STAFF COMPLETE THE ACKNOWLEDGEMENT FORM INDICATING UNDERSTANDING OF THE POLICY. AS PART OF THIS PROCESS, IF STAFF IDENTIFY ANY POTENTIAL CONFLICTS, THERE ARE GUIDELINES AND PROCEDURES PROVIDED IN THE POLICY. THIS DATA IS USED TO ENSURE THAT THE FOUNDATION IS INDEPENDENT IN ITS DECISION MAKING. EVERY STAFF MEMBER IS REQUIRED TO COMPLETE THE FORMS. B) ANNUALLY, THE BOARD REVIEWS THE POLICIES WITH EACH DIRECTOR RETURNING THE SIGNATURE OF UNDERSTANDING PAGE ALONG WITH A LIST OF IDENTIFYING CONFLICTS. VP OF FINANCE PROVIDES A SUMMARY TO AUDIT COMMITTEE TO ENSURE CONFLICTS ARE DISCLOSED AND PROPER ABSTAINING OCCURS. C) NEW STAFF AND BOARD MEMBERS ARE INFORMED OF THESE POLICIES AS PART OF THEIR ORIENTATION MATERIALS AND RETURN THE ACKNOWLEDGEMENT OF UNDERSTANDING AND POTENTIAL CONFLICTS TO HUMAN RESOURCES. D) AT EACH BOARD MEETING, BOARD MEMBERS DISCLOSE ANY CONFLICTS AND ABSTAIN FROM VOTING AND/OR LEAVE THE MEETING AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S SALARY ANNUALLY. THE CHAIR USES A ROBUST REVIEW PROCESS OF THE EXECUTIVE DIRECTOR'S PERFORMANCE, INCLUDING INTERVIEWING KEY STAFF AND EXTERNAL STAKEHOLDERS. WORKING WITH THE VPOA AND VICE-CHAIR, THE CHAIR REVIEWS ANNUAL SALARY SURVEY DATA FROM VARIOUS SOURCES (E.G. COUNCIL ON FOUNDATIONS AND COMPARABLE VERMONT BASED NON-PROFITS) TO BENCHMARK THE SALARY RANGE AND/OR ANY ADJUSTMENTS. A THIRD PARTY CONDUCTS A COMPARATIVE MARKET ANALYSES EVERY TWO YEARS FOR ALL ROLES. SALARY RANGES ARE SET AND COMMUNICATED WITH STAFF THROUGH A REGULAR PERFORMANCE MANAGEMENT PROGRAM. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 18 THE FOUNDATION WAS AUDITED AS PART OF THE CONSOLIDATED FINANCIAL STATEMENTS OF THE VERMONT COMMUNITY FOUNDATION, ITS SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION HAS NO FORMAL POLICY SURROUNDING THE PUBLIC AVAILABILITY OF ITS GOVERNING DOCUMENTS, NOR HAS IT EVER RECEIVED A REQUEST FOR SUCH DOCUMENTS. AS THE FOUNDATION IS PART OF A CONSOLIDATED SET OF FINANCIAL STATEMENTS, NO STAND ALONE FINANCIAL STATEMENTS EXIST. THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT WWW.VERMONTCF.ORG. VERMONT COMMUNITY FOUNDATION 3 COURT STREET MIDDLEBURY VT 05753 222712160 SUPPORTED ORGANIZATION VT 501(C)(3) LINE 7 N/A 0 LET'S GROW KIDS INC 3 COURT STREET MIDDLEBURY VT 05753 311802348 SUPPORTS THE VERMONT COMMUNITY FOUNDATION VT 501(C)(3) LINE 12A, 1 VERMONT COMMUNITY FOUNDATION 0 THE CURTIS FUND INC 3 COURT STREET MIDDLEBURY VT 05753 036009912 SUPPORTS THE VERMONT COMMUNITY FOUNDATION VT 501(C)(3) LINE 12A, 1 VERMONT COMMUNITY FOUNDATION 0 ADDISON COUNTRY ATHLETIC FOUNDATION 3 COURT STREET MIDDLEBURY VT 05753 461164975 SUPPORTS THE VERMONT COMMUNITY FOUNDATION VT 501(C)(3) LINE 12A, 1 VERMONT COMMUNITY FOUNDATION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 VERMONT COMMUNITY FOUNDATION M 118155 CASH LET'S GROW KIDS INC 3 COURT STREET MIDDLEBURY VT 05753 311802348 X 271062 139887 410949 5888626 6299575 464979 116245 154817 0 0 VERMONT COMMUNITY FOUNDATION INC 3 COURT STREET MIDDLEBURY VT 05753 222712160 0 0 0 48590731 48590731 1000000 250000 0 0 0 ADDISON COMMUNITY ATHLETICS FOUNDATION INC 3 COURT STREET MIDDLEBURY VT 05753 461164975 0 0 0 430794 430794 86159 21540 0 0 0 CURTIS FUND INC 3 COURT STREET MIDDLEBURY VT 05753 036009912 0 0 0 2494314 2494314 274716 68679 0 0 0