2025-11-12T14:43:41-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2024-01-01 030345186 J WARREN AND LOIS MCCLURE FOUNDATION JWAR 8023883355 CO VCF 3 COURT STREET MIDDLEBURY VT 05753 DANIEL SMITH CEO OF VCF 8023883355 2025-11-10 1 1 MARY KAY CURTISS P01551484 8605614000 2025-11-10 2024 2025-03-06 01:10:19Z BARBARA BENEDICT C/O VCF 3 COURT STREET MIDDLEBURY VT 05753 752495 0 X MCCLUREVT.ORG X 1994 VT TO SUPPORT BROAD CHARITABLE PURPOSES, PRIMARILY IN THE STATE OF VERMONT. 6 5 0 5 0 0 468683 491735 0 0 188201 260760 0 0 656884 752495 1135026 1085927 0 0 0 167281 0 0 0 346357 287098 1481383 1540306 -824499 -787811 8212892 7851103 203822 70818 8009070 7780285 TO SUPPORT BROAD CHARITABLE PURPOSES, PRIMARILY IN THE STATE OF VERMONT. 0 0 1323208 1085927 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 2024, THE FOUNDATION PROVIDED 44 GRANTS IN SUPPORT OF ITS MISSION TO PROMOTE EQUITABLE ACCESS TO CAREER AND POST-SECONDARY EDUCATION FOR ALL VERMONTERS; ESPECIALLY LOW-INCOME STUDENTS AND FIRST-GENERATION COLLEGE STUDENTS. THOSE GRANTS SUPPORTED PROGRAMS IN ALL 14 COUNTIES IN VERMONT. 1323208 1 1 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 1 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X DANIEL SMITH 8023883355 3 COURT STREET MIDDLEBURY VT 05753 DANIEL SMITH SECRETARY 4.00 50.50 X X 0 245371 74814 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 JANET MCLAUGHLIN DIRECTOR 2.00 0.00 X 0 0 0 LAUREN CURRY DIRECTOR 2.00 0.00 X 0 0 0 CAROLYN WEIR EXECUTIVE DIRECTOR 40.00 0.00 X 0 119121 8944 0 364492 83758 2 0 1 0 0 491735 491735 167606 167606 93154 0 93154 93154 93154 752495 0 0 260760 1085927 1085927 167281 125461 41820 105800 105800 3002 3002 63452 63452 45145 45145 39370 39370 4076 4076 1119 1119 251 251 18681 18681 1905 1905 PROFESSIONAL DEVELOPMEN 3720 3720 PROGRAMMATIC MATERIALS 457 457 DUES & SUBSCRIPTIONS 120 120 1540306 1323208 217098 0 76813 635 3682272 2363002 4048931 5053761 404876 433705 8212892 7851103 8322 20818 195500 50000 203822 70818 X 8009070 7780285 8009070 7780285 8212892 7851103 X -787811 488419 70607 X 0 1 X 1 0 X X X 1 VERMONT COMMUNITY FOUNDATION 222712160 7 1 105800 0 1 105800 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 224 3343 7200 38508 7424 41851 1532882 65111894 1540306 65153745 227015 1000000 56754 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 201752 92924 410949 41851 747476 250000 250000 250000 250000 1000000 1500000 102190 43662 271062 3343 420257 8009070 491735 749179 1080601 117845 271252 7780286 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 1.00000 0 1 1 0 DOMESTIC EQUITY 873702 F GLOBAL EQUITY 1014344 F FIXED INCOME 1264675 F HEDGED EQUITY 873641 F PRIVATE EQUITY 1027399 F 5053761 FIXED INCOME 232187 F PRIVATE EQUITY 201518 F 433705 PART V, LINE 4: ENDOWMENT FUNDS ARE DESIGNATED AND INTENDED FOR USE IN THE FURTHERANCE OF THE FOUNDATION'S EXEMPT PURPOSE. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS INVESTMENTS 1468261 EUROPE 0 0 INVESTMENTS INVESTMENTS 140504 0 0 0 0 0 0 1608765 0 1608765 0 0 0 0 0 0 1 CAREERS CLIC PO BOX 350 HANOVER NH 03755 020505585 501(C)(3) 38000 0 PROGRAM SUPPORT COMMUNITY COLLEGE OF VERMONT - MONTPELIER ATTN DEVELOPMENT MONTPELIER VT 05601 030213787 MUNICIPAL 883383 0 PROGRAM SUPPORT VERMONT STUDENT ASSISTANCE CORPORATION PO BOX 2000 WINOOSKI VT 05404 030216589 501(C)(3) 25410 0 PROGRAM SUPPORT ORANGE SOUTHWEST SUPERVISORY UNION 24 CENTRAL STREET RANDOLPH VT 05060 030217825 501(C)(3) 13000 0 PROGRAM SUPPORT VERMONT RURAL EDUCATION COLLABORATIVE 825 MEAD HILL ROAD DERBY VT 05829 030360919 501(C)(3) 35000 0 PROGRAM SUPPORT GREAT SCHOOLS PARTNERSHIP 482 CONGRESS STREET SUITE 500 PORTLAND ME 04101 263834610 501(C)(3) 20000 0 PROGRAM SUPPORT VERMONT HUMANITIES 11 LOOMIS STREET MONTPELIER VT 05602 510187809 501(C)(3) 10000 0 PROGRAM SUPPORT 7 0 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 245371 0 0 0 0 0 22640 0 52174 0 320185 0 0 X 1 151235 FMV 0 0 1 0 PART I, COLUMN (B): COLUMN B IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 BARBARA BENEDICT AND REBECCA HENRY 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 A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. 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 2024. 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. FORM 990, PART XI, LINE 9: RETURNED PRIOR YEAR GRANTS 70,607. 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 LET'S GROW KIDS INC 3 COURT STREET MIDDLEBURY VT 05753 311802348 X 3343 38508 41851 5808719 5850570 442529 110632 0 0 0 VERMONT COMMUNITY FOUNDATION INC 3 COURT STREET MIDDLEBURY VT 05753 222712160 0 0 0 58789272 58789272 1000000 250000 0 0 0 ADDISON COMMUNITY ATHLETICS FOUNDATION INC 3 COURT STREET MIDDLEBURY VT 05753 461164975 0 0 0 513903 513903 102085 25521 0 0 0 CURTIS FUND INC 3 COURT STREET MIDDLEBURY VT 05753 036009912 0 0 0 0 0 0 0 0 0 0