Indian River Community Foundation

Building a better community through donor-driven philanthropy.

Vero Beach, FL   |  www.ircommunityfoundation.org

Mission

Indian River Community Foundation is a vibrant nonprofit grantmaking foundation with a powerfully simple mission of building a better community through donor-driven philanthropy.

Ruling year info

2004

Chief Executive Officer and President

Mr. Jeffrey R. Pickering

Main address

PO Box 643968

Vero Beach, FL 32964 USA

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EIN

20-1729243

NTEE code info

Community Foundations (T31)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Mission

Building a better community through donor-driven philanthropy.

Population(s) Served
Adults
Children and youth
Health
Economically disadvantaged people

Indian River Community Foundation grows, stewards and distributes philanthropic capital to nonprofit charitable organizations through donor advised funds, endowment funds, discretionary grantmaking funds, and nonprofit strengthening and sustainability funds. Examples include:
• Donor Advised– R.K. and S.L Rolf Fund
• Endowment – Louis L. Lawson Endowment Fund
• Discretionary Grantmaking – Community Enrichment Fund
• Nonprofit Strengthening – Jumpstart Fundraising Fund
• Nonprofit Sustainability – Nonprofit Endowment Partners

Since 2008, the Community Foundation and its clients have distributed more than $75 million in grants to charities locally and around the world. The impact of these efforts include:
• Decreased infant mortality and increased maternal health.
• Increased kindergarten readiness, grade level reading and high school graduation rates through a collaborative literacy initiative, the Moonshot Moment.
• Expanded access to primary, dental and mental health care services.
• Increased capacity of local nonprofit charitable organizations from numerous capital and land conservation projects throughout the county.

Population(s) Served

Indian River Community Foundation develops and shares community data and information about community needs and the effective organizations, programs, projects working to address them. Examples include:
• Nonprofit Search
• Guide to Better Giving
• Indian River Indicators.

The Community Foundation also develops insights, shares knowledge, provides analysis and supports policy to result in effective solutions to community problems and challenges. Examples include:
• Indian River Insights

The impact of the activities in each of these programs on our community will be determined better health and prosperity results for all Indian River County residents.

Population(s) Served
Age groups
Health
Ethnic and racial groups
Social and economic status
Age groups
Health
Ethnic and racial groups
Social and economic status

Where we work

Accreditations

Council on Foundations Accredited

Council on Foundations National Standards 2016

Affiliations & memberships

Council on Foundations - Member 2017

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of organizations applying for grants

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

Statistics represent applications for competitive grants.

Average grant amount

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Statistics represent applications for competitive grants.

Median grant amount

This metric is no longer tracked.
Totals By Year
Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

Statistics represent median grant amount for all grants including competitive grants.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total dollar amount of grants awarded in a calendar year from all accounts including discretionary grants.

Total number of grants awarded

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total number of grants awarded in a calendar year from all accounts including discretionary grants.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Indian River Community Foundation's business is philanthropy. We work to expand and deploy financial capital, primarily through grants to local nonprofit charitable organizations to improve the community.

Indian River County is one of the wealthiest counties in Florida. It also has one of the highest wealth disparities among all counties in the United States. Almost half of all households in the county live either in poverty or one paycheck away from it with incomes that are not high enough to cover basic needs. While progress is being made to improve the status of several community challenges, problems persist. According to a comprehensive Community Needs Assessment conducted in 2019 and completed in 2020, there are still:
• Too many children who are not prepared for kindergarten, not reading on grade level by third grade and not graduating high school.
• Too many children engaged in risky behaviors such as vaping and unprotected teen sex, or who do not obtain mental health or substance abuse recovery services.
• Too many families who cannot secure employment that supplies a living wage.
• Too many residents who lack affordable medical and dental care.
• Too many residents who engage in risky behaviors, such as binge drinking, or who do not obtain mental health or substance abuse recovery services.
• Too many families who cannot afford safe, quality housing.
• Too many senior citizens who live alone or are isolated from essential social interactions, and too many seniors who engage in risky behaviors such as binge drinking or smoking.

The Community Foundation has three key strategies:
• Helping individuals and families to organize and carry out their charitable giving, primarily through donor advised funds.
• Inspiring our customers to create and leave a charitable legacy, primarily through donor-supported permanent endowment funds.
• Generating and sharing knowledge about Indian River County's nonprofit sector that can be used by our customers and other stakeholders to practice effective philanthropy.

The Community Foundation and its clients practice philanthropy so that all residents might live healthy, prosperous lives. We do this by growing, stewarding and deploying grant dollars and by developing and sharing community knowledge that can:
• Inspire social innovation and bring new ideas to market.
• Build promising practices.
• Sustain anchor institutions and proven programs.
• Inform and advocate for systems change and improvement.

• An engaged, invested, connected and capable Board of Directors.
• An experienced staff team dedicated to providing excellent service to our customers and other stakeholders.
• A knowledge of the nonprofit sector, and a history of effective grantmaking to local charitable organizations.
• A reputation as a trusted partner to a growing network of local professional advisors.
• A sound financial position and operating structure positioned for growth.

Organization: In order to effectively carry out its mission and do this important work, the Community Foundation is working toward achieving its own financial sustainability by June 30, 2020. We will do this by maintaining a manageable operating budget, by growing assets and by securing an operating endowment.

Community: Indian River County households are generous, and contribute nearly two times the national average as a percentage of household wealth. In spite of this generosity, 90 percent of the nonprofit charitable organizations located in Indian River County hold less than 12 months of operating expenses as savings on their balance sheets.

According to the recent report, Transfer of Wealth in Indian River County, we know that between 2010 and 2060, an estimated $48 billion will transfer from one generation to the next among Indian River County households. The Community Foundation believes that we can encourage a community of donors to contribute five percent of this amount to long term endowment funds to benefit local charitable organizations. If we are successful in this effort, the annual payout would be nearly $120 million beginning in 2060, and the result of this effort would support forever the good work of our community's most effective charitable organizations.

Financials

Indian River Community Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

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Indian River Community Foundation

Board of directors
as of 8/25/2021
SOURCE: Self-reported by organization
Board co-chair

Mr. Michael McManus


Board co-chair

Mrs. Kathryn Healy

Jennifer Watson

Patricia Hemingway Hall

Rebecca Emmons

Debra Lockwood

Dale Jacobs

Elizabeth Moulton

Matthew Rundels

Larry Salustro

Louis Schacht

Patricia Brier

Antoinette Hamner

Edwin Massey

Ronald McGlynn

William Schlitt

Suzanne Bertman

Dawn Michael

Wanda Lincoln

Angelia Perry

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes

Organizational demographics

SOURCE: Self-reported; last updated 08/25/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data