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2020 Annual Report

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FOR THE VALLEY FOR GOOD 2020 A N N UA L R E P O R T

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The St Croix Valley Foundation was founded in 1995 to foster local philanthropy and address community needs In 2020 philanthropic resources relationships and goodwill were called upon to address the health and economic impacts of COVID 19 New donations were added to existing charitable funds providing more than 1 million to respond to pressing community needs MESSAGE from THE BOARD CHAIR PRESIDENT BOARD of DIRECTORS KATRINA LARSEN BOARD CHAIR HEATHER LOGELIN PRESIDENT Dear Friends 2020 is a year none of us will ever forget it has already become a shared experience seared into our collective memory The St Croix Valley Foundation partners with and supports ten hard working volunteer led affiliated community foundations throughout the Valley ST CROIX VALLEY FOUNDATION SERVICE AREA BURNETT POLK CHISAGO AMERY AREA COMMUNITY FOUNDATION CHISAGO LAKES AREA COMMUNITY FOUNDATION HUDSON COMMUNITY FOUNDATION LOWER ST CROIX VALLEY COMMUNITY FOUNDATION NEW RICHMOND AREA COMMUNITY FOUNDATION NORTHWEST ALLIANCE COMMUNITY FOUNDATION ST CROIX WASHINGTON PIERCE PRESCOTT FOUNDATION RIVER FALLS COMMUNITY FOUNDATION SOMERSET COMMUNITY FOUNDATION STILLWATER AREA COMMUNITY FOUNDATION Job losses food and housing insecurity racial tension the strain of parents and kids working and schooling from home separation from friends and family illnesses and deaths it s been overwhelming And yet like the late Fred Rogers taught us When bad things happen always look for the helpers It is our privilege at the St Croix Valley Foundation to work every day with helpers who are compassionate optimistic generous and future minded In this 25th year of the St Croix Valley Foundation our response to the COVID 19 crisis has demonstrated the value of our longstanding relationships the importance of our earned community trust and the power of flexible philanthropic funds Thanks to partners like you we were able to raise and grant more than 1 million to help meet the basic needs of those most impacted by the pandemic The St Croix Valley Foundation will be here forever supporting our donors philanthropic dreams and connecting resources with needs in our communities When faced with unexpected challenges we step up and look for the helpers Thank you for standing with us as we care for our region now and for generations to come With your help we are For the Valley For Good KATRINA LARSEN CHAIR DIRECTOR UW RIVER FALLS CONTINUING ED INTERNATIONAL ED RETIRED JIM ELLIS VICE CHAIR SECRETARY VICE PRESIDENT GLOBAL OEM BUSINESS STRATEGIC BUSINESS DEVELOPMENT IMATION RETIRED DENNIS DUERST TREASURER PRESIDENT 3M INVESTMENT MANAGEMENT CORPORATION MICHELLE BREDAHL CHIEF CREDIT OFFICER FIRST STATE BANK TRUST JESSICA EHRLICHMANN DIRECTOR OF QUALITY AND SUSTAINABILITY ANDERSEN CORPORATION JUDY FREUND EDUCATOR TEACHER PROFESSIONAL DEVELOPMENT RETIRED SUE GERLACH EXECUTIVE DIRECTOR OSCEOLA COMMUNITY HEALTH FOUNDATION RETIRED DAN HOOLIHAN PRESIDENT HOOLIHAN EMC CONSULTING GARY KELSEY SENIOR CORE FACULTY PH D ACADEMIC RESIDENCY COORDINATOR WALDEN UNIVERSITY PRINCIPAL CONSULTANT GARY KELSEY ASSOCIATES CLARENCE BUCK MALICK ATTORNEY MALICK LAW OFFICE MIKE PEPIN FINANCIAL ADVISOR TRUNORTH FINANCIAL STEVE SCHROEDER ACTUARY FINANCIAL CONSULTANT INCENTIVE COMPENSATION ALTERNATIVES LLC MARSHA SHOTLEY CHIEF PHILANTHROPY OFFICER SECOND HARVEST HEARTLAND RETIRED With gratitude SCOTT SODERBERG CEO FNC BANK KATRINA LARSEN HEATHER LOGELIN MATT THUESON EXECUTIVE PRODUCER OF DIGITAL MEDIA THE SAINT PAUL CHAMBER ORCHESTRA MARY ELLEN VIETOR FINANCE DIRECTOR RENEWAL BY ANDERSEN COVER BUDDIES AND POD MATES MORGAN RIVARD AND ARI WOODWARD ENJOY THE PLAYGROUND AT E P ROCK ELEMENTARY SCHOOL HUDSON WI CHARLES WIKELIUS ATTORNEY ALLIANZ LIFE RETIRED

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The St Croix Valley Foundation was founded in 1995 to foster local philanthropy and address community needs In 2020 philanthropic resources relationships and goodwill were called upon to address the health and economic impacts of COVID 19 New donations were added to existing charitable funds providing more than 1 million to respond to pressing community needs MESSAGE from THE BOARD CHAIR PRESIDENT BOARD of DIRECTORS KATRINA LARSEN BOARD CHAIR HEATHER LOGELIN PRESIDENT Dear Friends 2020 is a year none of us will ever forget it has already become a shared experience seared into our collective memory The St Croix Valley Foundation partners with and supports ten hard working volunteer led affiliated community foundations throughout the Valley ST CROIX VALLEY FOUNDATION SERVICE AREA BURNETT POLK CHISAGO AMERY AREA COMMUNITY FOUNDATION CHISAGO LAKES AREA COMMUNITY FOUNDATION HUDSON COMMUNITY FOUNDATION LOWER ST CROIX VALLEY COMMUNITY FOUNDATION NEW RICHMOND AREA COMMUNITY FOUNDATION NORTHWEST ALLIANCE COMMUNITY FOUNDATION ST CROIX WASHINGTON PIERCE PRESCOTT FOUNDATION RIVER FALLS COMMUNITY FOUNDATION SOMERSET COMMUNITY FOUNDATION STILLWATER AREA COMMUNITY FOUNDATION Job losses food and housing insecurity racial tension the strain of parents and kids working and schooling from home separation from friends and family illnesses and deaths it s been overwhelming And yet like the late Fred Rogers taught us When bad things happen always look for the helpers It is our privilege at the St Croix Valley Foundation to work every day with helpers who are compassionate optimistic generous and future minded In this 25th year of the St Croix Valley Foundation our response to the COVID 19 crisis has demonstrated the value of our longstanding relationships the importance of our earned community trust and the power of flexible philanthropic funds Thanks to partners like you we were able to raise and grant more than 1 million to help meet the basic needs of those most impacted by the pandemic The St Croix Valley Foundation will be here forever supporting our donors philanthropic dreams and connecting resources with needs in our communities When faced with unexpected challenges we step up and look for the helpers Thank you for standing with us as we care for our region now and for generations to come With your help we are For the Valley For Good KATRINA LARSEN CHAIR DIRECTOR UW RIVER FALLS CONTINUING ED INTERNATIONAL ED RETIRED JIM ELLIS VICE CHAIR SECRETARY VICE PRESIDENT GLOBAL OEM BUSINESS STRATEGIC BUSINESS DEVELOPMENT IMATION RETIRED DENNIS DUERST TREASURER PRESIDENT 3M INVESTMENT MANAGEMENT CORPORATION MICHELLE BREDAHL CHIEF CREDIT OFFICER FIRST STATE BANK TRUST JESSICA EHRLICHMANN DIRECTOR OF QUALITY AND SUSTAINABILITY ANDERSEN CORPORATION JUDY FREUND EDUCATOR TEACHER PROFESSIONAL DEVELOPMENT RETIRED SUE GERLACH EXECUTIVE DIRECTOR OSCEOLA COMMUNITY HEALTH FOUNDATION RETIRED DAN HOOLIHAN PRESIDENT HOOLIHAN EMC CONSULTING GARY KELSEY SENIOR CORE FACULTY PH D ACADEMIC RESIDENCY COORDINATOR WALDEN UNIVERSITY PRINCIPAL CONSULTANT GARY KELSEY ASSOCIATES CLARENCE BUCK MALICK ATTORNEY MALICK LAW OFFICE MIKE PEPIN FINANCIAL ADVISOR TRUNORTH FINANCIAL STEVE SCHROEDER ACTUARY FINANCIAL CONSULTANT INCENTIVE COMPENSATION ALTERNATIVES LLC MARSHA SHOTLEY CHIEF PHILANTHROPY OFFICER SECOND HARVEST HEARTLAND RETIRED With gratitude SCOTT SODERBERG CEO FNC BANK KATRINA LARSEN HEATHER LOGELIN MATT THUESON EXECUTIVE PRODUCER OF DIGITAL MEDIA THE SAINT PAUL CHAMBER ORCHESTRA MARY ELLEN VIETOR FINANCE DIRECTOR RENEWAL BY ANDERSEN COVER BUDDIES AND POD MATES MORGAN RIVARD AND ARI WOODWARD ENJOY THE PLAYGROUND AT E P ROCK ELEMENTARY SCHOOL HUDSON WI CHARLES WIKELIUS ATTORNEY ALLIANZ LIFE RETIRED

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EVER PRESENT ALWAYS READY COMMUNITY LEADERSHIP RESPONDING TO COVID 19 IN THE VALLEY KSTP TV FEATURES GRANT RECIPIENT FIVE LOAVES FOOD SHELF NEW RICHMOND A DISTRIBUTION SUCCESS STORY SPRING VALLEY SENIORS STAYING PUT VOLUNTEER CHUCK DAVIS PREPARES TO LOOK IN ON COMMUNIT Y ELDERS WITH FOOD AND FRIENDSHIP MARCH 16 Just weeks after the first U S cases of COVID 19 emerged on the West Coast SCVF leadership convened a meeting with local philanthropic leaders to tee up the idea of a coordinated regional pandemic response NEARLY 60 OF WAVE I GRANTS SUPPORT ORGANIZATIONS COMBATING FOOD INSECURIT Y MARCH 23 The COVID 19 Response Fund for the St Croix Valley was launched a partnership of the St Croix Valley Foundation United Way St Croix Valley and United Way Washington County East MARCH 30 First grant distributions announced nearly 200 000 to 22 nonprofits responding to basic needs for food shelter financial assistance and mental health services By early autumn over 1 million was raised and granted to 112 area nonprofits GRANT RECIPIENTS INCLUDING GRACE PLACE TUBMAN AND TURNINGPOINT RESPOND TO HOUSING SECURIT Y AND SAFET Y ISSUES FOR A COMPLETE LISTING OF GRANTEES PLEASE VISIT SCVFOUNDATION ORG COVID 19 GRANT RECIPIENT CANVAS HEALTH LENDS COMPUTERS TO ALLOW MENTAL HEALTH CONSULTATIONS TO CONTINUE REMOTELY Community Capital is banked good will built of trust respect and cooperation among community partners It is created steadily over time through solid partnerships clearly expressed values and aligned purposes all in the service of community Community Capital is what the St Croix Valley Foundation was able to quickly marshal in response to the urgent needs of the COVID 19 pandemic The St Croix Valley Foundation put community trust and area relationships to work quickly and effectively linking donor compassion with nonprofit action The Foundation created an easy pathway for generosity to meet need Over the next six months in collaboration with partners throughout the region including leadership support from the Hugh J Andersen Foundation and the Fred C Katherine B Andersen Foundation the COVID 19 Response Fund raised and distributed more than 1 000 000 to help local nonprofits support those most impacted by the pandemic crisis Community Capital was utilized to help meet this unprecedented need But Community Capital was also replenished through the Foundation s approach partnerships outreach and dogged determination to support nonprofit partners SCVF waved all administrative fees for the Response Fund ensuring 100 of donations would be granted to nonprofit organizations serving vulnerable populations Nonprofit organizations were put first receiving personal outreach easier application tools and expedited fund distribution New donors were welcomed Neighbors who wanted to support pandemic relief but were unsure how discovered the St Croix Valley Foundation its network of nonprofit partners and its trust and reputation within the community Existing donors were invited to contribute to the COVID 19 Response Fund This included those who already partner with SCVF through donor advised funds legacy plans or other philanthropic arrangements By choosing SCVF as your philanthropic partner you support Valley communities The St Croix Valley Foundation is a trusted steward of philanthropic funds Our added value is that we take the fees on those funds and put them back into communities programs and resources Our response to COVID 19 is a great example of how philanthropic partnerships support community building work Heather Logelin President St Croix Valley Foundation 5

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EVER PRESENT ALWAYS READY COMMUNITY LEADERSHIP RESPONDING TO COVID 19 IN THE VALLEY KSTP TV FEATURES GRANT RECIPIENT FIVE LOAVES FOOD SHELF NEW RICHMOND A DISTRIBUTION SUCCESS STORY SPRING VALLEY SENIORS STAYING PUT VOLUNTEER CHUCK DAVIS PREPARES TO LOOK IN ON COMMUNIT Y ELDERS WITH FOOD AND FRIENDSHIP MARCH 16 Just weeks after the first U S cases of COVID 19 emerged on the West Coast SCVF leadership convened a meeting with local philanthropic leaders to tee up the idea of a coordinated regional pandemic response NEARLY 60 OF WAVE I GRANTS SUPPORT ORGANIZATIONS COMBATING FOOD INSECURIT Y MARCH 23 The COVID 19 Response Fund for the St Croix Valley was launched a partnership of the St Croix Valley Foundation United Way St Croix Valley and United Way Washington County East MARCH 30 First grant distributions announced nearly 200 000 to 22 nonprofits responding to basic needs for food shelter financial assistance and mental health services By early autumn over 1 million was raised and granted to 112 area nonprofits GRANT RECIPIENTS INCLUDING GRACE PLACE TUBMAN AND TURNINGPOINT RESPOND TO HOUSING SECURIT Y AND SAFET Y ISSUES FOR A COMPLETE LISTING OF GRANTEES PLEASE VISIT SCVFOUNDATION ORG COVID 19 GRANT RECIPIENT CANVAS HEALTH LENDS COMPUTERS TO ALLOW MENTAL HEALTH CONSULTATIONS TO CONTINUE REMOTELY Community Capital is banked good will built of trust respect and cooperation among community partners It is created steadily over time through solid partnerships clearly expressed values and aligned purposes all in the service of community Community Capital is what the St Croix Valley Foundation was able to quickly marshal in response to the urgent needs of the COVID 19 pandemic The St Croix Valley Foundation put community trust and area relationships to work quickly and effectively linking donor compassion with nonprofit action The Foundation created an easy pathway for generosity to meet need Over the next six months in collaboration with partners throughout the region including leadership support from the Hugh J Andersen Foundation and the Fred C Katherine B Andersen Foundation the COVID 19 Response Fund raised and distributed more than 1 000 000 to help local nonprofits support those most impacted by the pandemic crisis Community Capital was utilized to help meet this unprecedented need But Community Capital was also replenished through the Foundation s approach partnerships outreach and dogged determination to support nonprofit partners SCVF waved all administrative fees for the Response Fund ensuring 100 of donations would be granted to nonprofit organizations serving vulnerable populations Nonprofit organizations were put first receiving personal outreach easier application tools and expedited fund distribution New donors were welcomed Neighbors who wanted to support pandemic relief but were unsure how discovered the St Croix Valley Foundation its network of nonprofit partners and its trust and reputation within the community Existing donors were invited to contribute to the COVID 19 Response Fund This included those who already partner with SCVF through donor advised funds legacy plans or other philanthropic arrangements By choosing SCVF as your philanthropic partner you support Valley communities The St Croix Valley Foundation is a trusted steward of philanthropic funds Our added value is that we take the fees on those funds and put them back into communities programs and resources Our response to COVID 19 is a great example of how philanthropic partnerships support community building work Heather Logelin President St Croix Valley Foundation 5

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CREATING COMMUNITY David and Sandy Brandt were teenage friends with a shared interest in bringing like minded individuals together for the good of the community while indulging their taste for fun and adventure After graduating from Harding High School David in 59 and Sandy in 60 David headed to Macalester College and the U of M Dental School Sandy pursued her education at the U of M By the time they married in 1965 Sandy was certain about David I knew very well the character of the person I was about to marry and character is everything Throughout their lives together the Brandts have always understood that community is not just a geographic place but a thing you create and nurture with others They built community with friends in high school and college They built community in Tokyo when Army Captain Brandt became the first orthodontist stationed at the U S military base there And they built community in the Valley after the St Croix River beckoned them home in 72 The river had been their youthful playground David taught Sandy to water ski from the shores of the St Croix and now the broader St Croix Valley would be where Dr Brandt would build his practice from Stillwater to New Richmond and Hudson and where they would raise their children A DONOR PROFILE DAVID SANDY BRANDT needs When the St Croix Valley Foundation was established the Brandts were among the first to set up a Donor Advised Fund to support their charitable giving they also created a legacy plan to ensure their community focused values continue to impact the Valley for generations to come David became the Foundation s third board chair in 1999 During his chairmanship philanthropic assets topped 1 million Relationships trust permanence these ideals helped the Foundation grow and they will carry it into the future explained David The affiliate community foundation model began under David s leadership When the Hudson Community Foundation was established David served on its board as a representative of the St Croix Valley Foundation Today the St Croix Valley Foundation and its ten affiliated community foundations steward philanthropic assets of nearly 70 million invested for long term growth fueling millions of dollars in grants each year The Brandts have helped to ensure that the St Croix Valley Foundation built by caring future minded individuals will support the people families and natural resources of the Valley forever The Brandt home became an epicenter of communitybuilding as David and Sandy hosted events for friends and organizations from throughout the Valley including the St Croix Valley Foundation the United Way Rotary Young Life and various church groups In 1995 the Brandts were part of a small group of local leaders who recognized that the annual approach to addressing Valley needs was well intentioned but insufficient David explained We looked at many options and decided the best solution would be a community foundation supported by local donors managed for long term growth and focused on addressing local 6 DAVID BRANDT AT AGE 16 The fact that I like people and always have is probably the main reason for finding myself in so many activities Wherever we go we see the need for improvement to make our community a better place to live I enjoy this type of challenge and have found that many other people do also I find it interesting to gather these people together in a united effort to plan and carry out these various programs David Brandt age 16 Throughout their lives together the Brandts have always understood that community is not just a geographic place but a thing you create and nurture with others 7

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CREATING COMMUNITY David and Sandy Brandt were teenage friends with a shared interest in bringing like minded individuals together for the good of the community while indulging their taste for fun and adventure After graduating from Harding High School David in 59 and Sandy in 60 David headed to Macalester College and the U of M Dental School Sandy pursued her education at the U of M By the time they married in 1965 Sandy was certain about David I knew very well the character of the person I was about to marry and character is everything Throughout their lives together the Brandts have always understood that community is not just a geographic place but a thing you create and nurture with others They built community with friends in high school and college They built community in Tokyo when Army Captain Brandt became the first orthodontist stationed at the U S military base there And they built community in the Valley after the St Croix River beckoned them home in 72 The river had been their youthful playground David taught Sandy to water ski from the shores of the St Croix and now the broader St Croix Valley would be where Dr Brandt would build his practice from Stillwater to New Richmond and Hudson and where they would raise their children A DONOR PROFILE DAVID SANDY BRANDT needs When the St Croix Valley Foundation was established the Brandts were among the first to set up a Donor Advised Fund to support their charitable giving they also created a legacy plan to ensure their community focused values continue to impact the Valley for generations to come David became the Foundation s third board chair in 1999 During his chairmanship philanthropic assets topped 1 million Relationships trust permanence these ideals helped the Foundation grow and they will carry it into the future explained David The affiliate community foundation model began under David s leadership When the Hudson Community Foundation was established David served on its board as a representative of the St Croix Valley Foundation Today the St Croix Valley Foundation and its ten affiliated community foundations steward philanthropic assets of nearly 70 million invested for long term growth fueling millions of dollars in grants each year The Brandts have helped to ensure that the St Croix Valley Foundation built by caring future minded individuals will support the people families and natural resources of the Valley forever The Brandt home became an epicenter of communitybuilding as David and Sandy hosted events for friends and organizations from throughout the Valley including the St Croix Valley Foundation the United Way Rotary Young Life and various church groups In 1995 the Brandts were part of a small group of local leaders who recognized that the annual approach to addressing Valley needs was well intentioned but insufficient David explained We looked at many options and decided the best solution would be a community foundation supported by local donors managed for long term growth and focused on addressing local 6 DAVID BRANDT AT AGE 16 The fact that I like people and always have is probably the main reason for finding myself in so many activities Wherever we go we see the need for improvement to make our community a better place to live I enjoy this type of challenge and have found that many other people do also I find it interesting to gather these people together in a united effort to plan and carry out these various programs David Brandt age 16 Throughout their lives together the Brandts have always understood that community is not just a geographic place but a thing you create and nurture with others 7

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GIVE LIKE A WARRIOR SCHOLARSHIP PROGRAMS AMERY WI The Amery Area Community Foundation an affiliate of the St Croix Valley Foundation is made up of committed individuals who encourage local donors to establish longterm funds to enhance the quality of life in the Amery area When a donor s legacy plans include educational support one of the first calls they are encouraged to make is to Karen Ganje Karen has worked for the Amery School District for nearly 30 years Most of that tenure has been in guidance counseling helping students overcome challenges and explore new opportunities The Ganjes husband Josh is also a teacher in the district chose Amery not just for work but as a place to put down roots get involved and raise their daughters Karen recently described her fondness for Amery It s the kind of community where bumped carts at the grocery store can become an impromptu parent teacher conference and a Saturday morning soccer game can telegraph important information about a family dealing with loss or hardship Because of GASB 84 a ruling from the Governmental Accounting Standards Board which establishes new reporting and compliance procedures for funds held by school districts for the purpose of granting to district students Amery High School opted to transfer 118 000 from 4 funds to the St Croix Valley Foundation Donor intent is unaffected but the school is relieved of fiduciary responsibilities and of managing complex reporting requirements KAREN GANJE AMERY HIGH SCHOOL GUIDANCE COUNSELOR With its 25 year history managing donor assets and administering grant and scholarship programs the St Croix Valley Foundation is well positioned to partner with schools in the management of scholarship funds 8 8 In this rural small town 40 of families qualify for free and reduced lunch for their school aged children Yet despite challenges this community of just 2 800 people displays outsized civic pride The longstanding LIKE A WARRIOR program encourages families alumni and businesses to stay involved with and connected to the community most often through the schools Amery has produced many hard working successful individuals through the years people with a desire to give back Every individual who has established a fund offers an example of possibility for others with philanthropic aspirations In a small town word gets around One scholarship fund often spurs others to similarly invest in education This past year the St Croix Valley Foundation managed 61 scholarship funds which provided over 345 000 to 200 students throughout the Foundation s 6 county service area Fully a third of those funds were specifically set up for offered to or received by Amery High School students Throughout the St Croix Valley donors establish funds to support the things they care about most whether that involves support for arts organizations wellness groups environmental causes or service organizations In Amery donor generosity is often directed to Amery High School and its students Addie Tollakson A H S class of 19 is studying Nursing at Luther College She noted how financially daunting college can be The scholarships I received made it more affordable but also by hearing donor stories on Awards Night you feel inspired It helps you see why you re going to college and maybe someday you can give back too Ella Schmidt A H S class of 20 is studying Elementary Education at Viterbo University Karen s door is always open She really helped me focus on the best chance scholarships said Ella The money helped a lot but receiving a scholarship was like walking out of High School with a pat on the back from the whole community it s like they re saying You got this 9

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GIVE LIKE A WARRIOR SCHOLARSHIP PROGRAMS AMERY WI The Amery Area Community Foundation an affiliate of the St Croix Valley Foundation is made up of committed individuals who encourage local donors to establish longterm funds to enhance the quality of life in the Amery area When a donor s legacy plans include educational support one of the first calls they are encouraged to make is to Karen Ganje Karen has worked for the Amery School District for nearly 30 years Most of that tenure has been in guidance counseling helping students overcome challenges and explore new opportunities The Ganjes husband Josh is also a teacher in the district chose Amery not just for work but as a place to put down roots get involved and raise their daughters Karen recently described her fondness for Amery It s the kind of community where bumped carts at the grocery store can become an impromptu parent teacher conference and a Saturday morning soccer game can telegraph important information about a family dealing with loss or hardship Because of GASB 84 a ruling from the Governmental Accounting Standards Board which establishes new reporting and compliance procedures for funds held by school districts for the purpose of granting to district students Amery High School opted to transfer 118 000 from 4 funds to the St Croix Valley Foundation Donor intent is unaffected but the school is relieved of fiduciary responsibilities and of managing complex reporting requirements KAREN GANJE AMERY HIGH SCHOOL GUIDANCE COUNSELOR With its 25 year history managing donor assets and administering grant and scholarship programs the St Croix Valley Foundation is well positioned to partner with schools in the management of scholarship funds 8 8 In this rural small town 40 of families qualify for free and reduced lunch for their school aged children Yet despite challenges this community of just 2 800 people displays outsized civic pride The longstanding LIKE A WARRIOR program encourages families alumni and businesses to stay involved with and connected to the community most often through the schools Amery has produced many hard working successful individuals through the years people with a desire to give back Every individual who has established a fund offers an example of possibility for others with philanthropic aspirations In a small town word gets around One scholarship fund often spurs others to similarly invest in education This past year the St Croix Valley Foundation managed 61 scholarship funds which provided over 345 000 to 200 students throughout the Foundation s 6 county service area Fully a third of those funds were specifically set up for offered to or received by Amery High School students Throughout the St Croix Valley donors establish funds to support the things they care about most whether that involves support for arts organizations wellness groups environmental causes or service organizations In Amery donor generosity is often directed to Amery High School and its students Addie Tollakson A H S class of 19 is studying Nursing at Luther College She noted how financially daunting college can be The scholarships I received made it more affordable but also by hearing donor stories on Awards Night you feel inspired It helps you see why you re going to college and maybe someday you can give back too Ella Schmidt A H S class of 20 is studying Elementary Education at Viterbo University Karen s door is always open She really helped me focus on the best chance scholarships said Ella The money helped a lot but receiving a scholarship was like walking out of High School with a pat on the back from the whole community it s like they re saying You got this 9

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Current St Croix Valley Foundation board members left Jessica Ehrlichmann Director of Quality and Sustainability Andersen Corporation and right Mary Ellen Vietor Finance Director Renewal by Andersen NURTURING PHILANTHROPY CREATING IMPACT CORPORATE PARTNER ANDERSEN CORPORATION DONATING STOCK This philanthropic option can provide significant tax advantages as the stock donor can claim a charitable deduction for the full current fair market value of the stock while avoiding capital gains taxes which would result from sale of the stock From the St Croix Valley Foundation a stock gift donor can designate nonprofits to support Please contact your professional advisor or the St Croix Valley Foundation to explore the stock gift option 10 was at the table Twenty five years later the St Croix Valley Foundation continues to partner with Andersen Corporation to respond to community needs and support programs that elevate quality of life throughout the Valley CREATING IMPACT PHOTO CREDIT MINNES OTA DEPARTMENT OF TRANSPORTATION For more than 100 years Andersen Corporation has embraced the potential of working together toward a common purpose It is not surprising then that when a group of local leaders gathered in 1995 to explore the feasibility of a community foundation serving the St Croix Valley Andersen Corporation Throughout the years many representatives of Andersen Corporation have served on SCVF boards and committees This good fit is not surprising as Andersen s corporate culture has long encouraged civic engagement The Andersen Corporate Foundation was founded in 1941 to improve lives and strengthen communities primarily where Andersen s employees live and work In the simplest terms Andersen Corporation the Andersen Corporate Foundation and the St Croix Valley Foundation share a mantra improving quality of life for those who live and work in the Valley In 2020 the Andersen Corporate Foundation provided critical early support to the COVID 19 Response Fund for the St Croix Valley Andersen s early involvement telegraphed a sense of urgency and worthiness to other potential donors noted Katrina Larsen SCVF Board Chair By early June The COVID 19 Response Fund had raised over 1 million to help Valley nonprofits support those most impacted by the pandemic NURTURING PHILANTHROPY Like the St Croix Valley Foundation Andersen Corporation encourages philanthropy Through a special arrangement Andersen employees and retirees can gift appreciated Andersen stock to the St Croix Valley Foundation While not typically an option for privately held stock Andersen Corporation created this pathway to encourage and enable their employees and retirees to give back to the community through the St Croix Valley Foundation The values of Andersen Corporation are Integrity Innovation Partnership Excellence and Corporate Citizenship Through a strong St Croix Valley Foundation there is a pathway for every Andersen employee and retiree and indeed every Valley neighbor to share in those values and impact the future of the St Croix Valley 11

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Current St Croix Valley Foundation board members left Jessica Ehrlichmann Director of Quality and Sustainability Andersen Corporation and right Mary Ellen Vietor Finance Director Renewal by Andersen NURTURING PHILANTHROPY CREATING IMPACT CORPORATE PARTNER ANDERSEN CORPORATION DONATING STOCK This philanthropic option can provide significant tax advantages as the stock donor can claim a charitable deduction for the full current fair market value of the stock while avoiding capital gains taxes which would result from sale of the stock From the St Croix Valley Foundation a stock gift donor can designate nonprofits to support Please contact your professional advisor or the St Croix Valley Foundation to explore the stock gift option 10 was at the table Twenty five years later the St Croix Valley Foundation continues to partner with Andersen Corporation to respond to community needs and support programs that elevate quality of life throughout the Valley CREATING IMPACT PHOTO CREDIT MINNES OTA DEPARTMENT OF TRANSPORTATION For more than 100 years Andersen Corporation has embraced the potential of working together toward a common purpose It is not surprising then that when a group of local leaders gathered in 1995 to explore the feasibility of a community foundation serving the St Croix Valley Andersen Corporation Throughout the years many representatives of Andersen Corporation have served on SCVF boards and committees This good fit is not surprising as Andersen s corporate culture has long encouraged civic engagement The Andersen Corporate Foundation was founded in 1941 to improve lives and strengthen communities primarily where Andersen s employees live and work In the simplest terms Andersen Corporation the Andersen Corporate Foundation and the St Croix Valley Foundation share a mantra improving quality of life for those who live and work in the Valley In 2020 the Andersen Corporate Foundation provided critical early support to the COVID 19 Response Fund for the St Croix Valley Andersen s early involvement telegraphed a sense of urgency and worthiness to other potential donors noted Katrina Larsen SCVF Board Chair By early June The COVID 19 Response Fund had raised over 1 million to help Valley nonprofits support those most impacted by the pandemic NURTURING PHILANTHROPY Like the St Croix Valley Foundation Andersen Corporation encourages philanthropy Through a special arrangement Andersen employees and retirees can gift appreciated Andersen stock to the St Croix Valley Foundation While not typically an option for privately held stock Andersen Corporation created this pathway to encourage and enable their employees and retirees to give back to the community through the St Croix Valley Foundation The values of Andersen Corporation are Integrity Innovation Partnership Excellence and Corporate Citizenship Through a strong St Croix Valley Foundation there is a pathway for every Andersen employee and retiree and indeed every Valley neighbor to share in those values and impact the future of the St Croix Valley 11

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Social isolation is hard on everyone But for young adults with disabilities disruption of regular routines and services can be devastating at higher risk for COVID 19 We needed this to work in order to keep everyone safe and well With the average age of BRIDGE clients approaching 30 many of their at home caregivers are older parents who may themselves struggle with new technology BRIDGE staff made several tele visits to guide and support clients and caregivers as they learned new systems BRIDGE for Community Life serves teens and young adults with cognitive disabilities from Washington county MN and Pierce and St Croix counties WI BRIDGE nurtures and supports these individuals as they leave school systems and transition into adulthood BRIDGE s life skills training and recreation activities equip clients with a holistic approach to a healthy productive life The population that BRIDGE serves thrives from trusted caring faceto face interactions Without those connections clients can become mentally isolated frustrated and can quickly lose social and coping skills developed over months or even years When COVID driven lockdowns curtailed BRIDGE s regular operations their staff went into overdrive PEG GAGNON CO FOUNDER AND EXECUTIVE DIRECTOR BRIDGE FOR COMMUNIT Y LIFE NEVER A STRANGER TO IDENTIFYING AND MEETING COMMUNITY NEEDS PEG WAS ALSO A FOUNDING BOARD MEMBER OF THE HUDSON COMMUNITY FOUNDATION AN AFFILIATE OF THE ST CROIX VALLEY FOUNDATION We had to quickly pivot to establish a whole new online experience for our clients explained Peg Gagnon BRIDGE s executive director By early May BRIDGE had restructured its entire service delivery model investing in new technology curriculum and staff training We had to figure out how to keep our clients active and engaged while they sheltered at home explained Peg Because adults with cognitive disabilities often have other underlying health issues both our BRIDGE client and their older caregivers are BRIDGE FOR COMMUNITY LIFE BRIDGE received a grant from the COVID 19 Response Fund for the St Croix Valley to help fund the critical transition to online services enabling BRIDGE to support the mental and emotional health of their clients throughout the COVID 19 pandemic For BRIDGE the significant effort it took to develop effective online services has also allowed the organization to reach individuals who due to health or social behavioral issues would not otherwise be able to participate in traditional in person activities According to Peg Even when we go back to a faceto face world these online capabilities will become a regular part of our offering For a segment of our clients it s just a better way forward In 2017 BRIDGE for Community Life partnered with the St Croix Valley Foundation to establish a long term fund in support of BRIDGE s future needs BRIDGE is among about 100 nonprofit organizations that have established long term funds with the St Croix Valley Foundation Under the careful stewardship of the SCVF these funds grow entice other legacy minded donors to offer support and provide a reliable permanent source of annual support for the organization 12 CARING PARTNERSHIPS A NONPROFIT S STORY By partnering with the St Croix Valley Foundation nonprofit organizations are able to keep their focus and energy on the day to day work they are most passionate about SCVF handles all fund management investment charitable reporting and legal and tax filings In addition these nonprofit organizations are able to accept more complex charitable gifts such as appreciated stock IRA QCDs real estate etc BRIDGE for Community Life clients and staff enjoy a parade in the days before COVID 19 lockdowns and social distancing L to R David Kocik Jessica Ullom Katy Hackworthy 13

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Social isolation is hard on everyone But for young adults with disabilities disruption of regular routines and services can be devastating at higher risk for COVID 19 We needed this to work in order to keep everyone safe and well With the average age of BRIDGE clients approaching 30 many of their at home caregivers are older parents who may themselves struggle with new technology BRIDGE staff made several tele visits to guide and support clients and caregivers as they learned new systems BRIDGE for Community Life serves teens and young adults with cognitive disabilities from Washington county MN and Pierce and St Croix counties WI BRIDGE nurtures and supports these individuals as they leave school systems and transition into adulthood BRIDGE s life skills training and recreation activities equip clients with a holistic approach to a healthy productive life The population that BRIDGE serves thrives from trusted caring faceto face interactions Without those connections clients can become mentally isolated frustrated and can quickly lose social and coping skills developed over months or even years When COVID driven lockdowns curtailed BRIDGE s regular operations their staff went into overdrive PEG GAGNON CO FOUNDER AND EXECUTIVE DIRECTOR BRIDGE FOR COMMUNIT Y LIFE NEVER A STRANGER TO IDENTIFYING AND MEETING COMMUNITY NEEDS PEG WAS ALSO A FOUNDING BOARD MEMBER OF THE HUDSON COMMUNITY FOUNDATION AN AFFILIATE OF THE ST CROIX VALLEY FOUNDATION We had to quickly pivot to establish a whole new online experience for our clients explained Peg Gagnon BRIDGE s executive director By early May BRIDGE had restructured its entire service delivery model investing in new technology curriculum and staff training We had to figure out how to keep our clients active and engaged while they sheltered at home explained Peg Because adults with cognitive disabilities often have other underlying health issues both our BRIDGE client and their older caregivers are BRIDGE FOR COMMUNITY LIFE BRIDGE received a grant from the COVID 19 Response Fund for the St Croix Valley to help fund the critical transition to online services enabling BRIDGE to support the mental and emotional health of their clients throughout the COVID 19 pandemic For BRIDGE the significant effort it took to develop effective online services has also allowed the organization to reach individuals who due to health or social behavioral issues would not otherwise be able to participate in traditional in person activities According to Peg Even when we go back to a faceto face world these online capabilities will become a regular part of our offering For a segment of our clients it s just a better way forward In 2017 BRIDGE for Community Life partnered with the St Croix Valley Foundation to establish a long term fund in support of BRIDGE s future needs BRIDGE is among about 100 nonprofit organizations that have established long term funds with the St Croix Valley Foundation Under the careful stewardship of the SCVF these funds grow entice other legacy minded donors to offer support and provide a reliable permanent source of annual support for the organization 12 CARING PARTNERSHIPS A NONPROFIT S STORY By partnering with the St Croix Valley Foundation nonprofit organizations are able to keep their focus and energy on the day to day work they are most passionate about SCVF handles all fund management investment charitable reporting and legal and tax filings In addition these nonprofit organizations are able to accept more complex charitable gifts such as appreciated stock IRA QCDs real estate etc BRIDGE for Community Life clients and staff enjoy a parade in the days before COVID 19 lockdowns and social distancing L to R David Kocik Jessica Ullom Katy Hackworthy 13

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SERVING CLIENTSWHO CARE FOR THE VALLEY PROFESSIONAL ADVISOR DWIGHT CUMMINS Did You Know Clients appreciate being asked about their philanthropic goals Client Advisor relationships are strengthened when advisors respect and support a clients legacy goals in addition to their financial goals This seemed to be the most glaring need I could identify If not me who It s something that reached out to my heart grabbed a hold of it and squeezed Estate planners wealth advisors and tax accountants regularly invite SCVF staff to talk with their clients about philanthropic fund options and benefits SCVF works with advisors to help those clients identify the best philanthropic plan for their current situation and future goals Professional advisors have many choices when meeting a client s philanthropic fund needs Those who partner with SCVF help build local philanthropic assets impacting local communities While fund donors can recommend grants to causes within and beyond the Valley partnering with SCVF means dollars and fees stay local supporting this region SCVF is the only nonprofit in the Valley that can receive gifts of appreciated Andersen Corporation stock This is a unique opportunity for significant tax advantages as donors receive a tax deduction for the full value of the stock while avoiding capital gains taxes SCVF holds 482 charitable funds manages nearly 70 million in assets and distributes millions each year to respond to needs and enhance the quality of life in the St Croix Valley 14 DWIGHT CUMMINS ATTORNEY AT LAW CUMMINS BONESTROO LAW OFFICE Few are as well positioned to discuss service legacy and impact as Dwight Cummins As an attorney with over 30 years of experience Dwight has helped many clients with legal solutions related to estate planning and wealth transfers Dwight is a proponent of charity planning in addition to wealth planning A person s estate is a reflection of their life That person s values can be expressed and nurtured forever through philanthropic legacies Dwight Cummins Through his past service on the boards of the St Croix Valley Foundation Lakeview Health System Lakeview Hospital Foundation Family Means and the Stillwater Lions Club Dwight has seen firsthand the good that legacy planning can bring to a community First and foremost Dwight understands the importance of minimizing tax and transactional costs while serving a client s greater financial and legacy goals Today there are unique opportunities for efficiently transferring wealth providing for loved ones and supporting beloved causes For example the SECURE Act eliminates the stretch IRA potentially increasing tax burdens for individual beneficiaries Naming the St Croix Valley Foundation as an IRA beneficiary either directly or through a testamentary charitable remainder trust or charitable gift annuity maximizes philanthropic impact while minimizing taxes to individual heirs As always plans for the charitable use of these funds can be customized to reflect the donor s values and passions Whether legacies are established utilizing IRAs gifts of land appreciated stock real estate or other assets the St Croix Valley Foundation is a ready partner Dwight recently summed up his comfort level in recommending the St Croix Valley Foundation to his clients The Foundation is big enough to accept and manage funds of any size but small enough to engage with every donor on a personal level 15

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SERVING CLIENTSWHO CARE FOR THE VALLEY PROFESSIONAL ADVISOR DWIGHT CUMMINS Did You Know Clients appreciate being asked about their philanthropic goals Client Advisor relationships are strengthened when advisors respect and support a clients legacy goals in addition to their financial goals This seemed to be the most glaring need I could identify If not me who It s something that reached out to my heart grabbed a hold of it and squeezed Estate planners wealth advisors and tax accountants regularly invite SCVF staff to talk with their clients about philanthropic fund options and benefits SCVF works with advisors to help those clients identify the best philanthropic plan for their current situation and future goals Professional advisors have many choices when meeting a client s philanthropic fund needs Those who partner with SCVF help build local philanthropic assets impacting local communities While fund donors can recommend grants to causes within and beyond the Valley partnering with SCVF means dollars and fees stay local supporting this region SCVF is the only nonprofit in the Valley that can receive gifts of appreciated Andersen Corporation stock This is a unique opportunity for significant tax advantages as donors receive a tax deduction for the full value of the stock while avoiding capital gains taxes SCVF holds 482 charitable funds manages nearly 70 million in assets and distributes millions each year to respond to needs and enhance the quality of life in the St Croix Valley 14 DWIGHT CUMMINS ATTORNEY AT LAW CUMMINS BONESTROO LAW OFFICE Few are as well positioned to discuss service legacy and impact as Dwight Cummins As an attorney with over 30 years of experience Dwight has helped many clients with legal solutions related to estate planning and wealth transfers Dwight is a proponent of charity planning in addition to wealth planning A person s estate is a reflection of their life That person s values can be expressed and nurtured forever through philanthropic legacies Dwight Cummins Through his past service on the boards of the St Croix Valley Foundation Lakeview Health System Lakeview Hospital Foundation Family Means and the Stillwater Lions Club Dwight has seen firsthand the good that legacy planning can bring to a community First and foremost Dwight understands the importance of minimizing tax and transactional costs while serving a client s greater financial and legacy goals Today there are unique opportunities for efficiently transferring wealth providing for loved ones and supporting beloved causes For example the SECURE Act eliminates the stretch IRA potentially increasing tax burdens for individual beneficiaries Naming the St Croix Valley Foundation as an IRA beneficiary either directly or through a testamentary charitable remainder trust or charitable gift annuity maximizes philanthropic impact while minimizing taxes to individual heirs As always plans for the charitable use of these funds can be customized to reflect the donor s values and passions Whether legacies are established utilizing IRAs gifts of land appreciated stock real estate or other assets the St Croix Valley Foundation is a ready partner Dwight recently summed up his comfort level in recommending the St Croix Valley Foundation to his clients The Foundation is big enough to accept and manage funds of any size but small enough to engage with every donor on a personal level 15

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OUR MISSION The mission of the St Croix Valley Foundation is to enhance the quality of life in the St Croix Valley by Encouraging charitable giving in the Valley Building permanent funds that will provide resources for the needs of today and tomorrow Connecting people and programs YOUR PHILANTROPY YOUR WAY FOR YOUR COMMUNITY By donating to the St Croix Valley Foundation or one of our affiliated community foundations your gift gets reinvested in your community As local funding priorities and needs change the St Croix Valley Foundation can respond WE ACCEPT OUTRIGHT GIFTS DENNIS DUERST CHAIR JIM ELLIS VICE CHAIR MARK BULEY DOUG GEISSLER BUCK MALICK MIKE PEPIN STEVE SCHROEDER REAL ESTATE PRIVATE FOUNDATION ASSETS Bringing together people s charitable interests and the funding needs of programs and organizations BEQUESTS Encouraging collaboration CHARITABLE REMAINDER TRUSTS Forming partnerships and providing servant leadership through programs that enhance the quality of life in our region s distinct communities FINANCE INVESTMENT COMMITTEE APPRECIATED STOCK LIFE INSURANCE POLICIES CHARITABLE LEAD TRUSTS INVESTMENT ADVISOR FUND EVALUATION GROUP LLC RICHARD GRZYMAJLO MANAGING PRINCIPAL OCIO ADVISOR INDEPENDENT AUDITOR AKINS HENKE COMPANY FINANCIAL INSTITUTION FIRST STATE BANK TRUST CHARITABLE GIFT ANNUITIES FUNDING OPTIONS OUR STAFF SHELLEY CALVERT DIRECTOR OF OPERATIONS UNRESTRICTED ENDOWED FUNDS SALLY HERMANN ADMINISTRATIVE ASSOCIATE Providing unrestricted endowed gifts to SCVF allows the board staff and community partners to assess issues and put resources where need is the greatest No one knows what the next community crisis will be but unrestricted endowed gifts today or as part of a bequest provide flexibility and responsiveness HEIDI HERRON SCHOLARSHIP ASSOCIATE HEATHER LOGELIN PRESIDENT EMILY LOWNSBURY DIRECTOR OF FINANCE INVESTMENTS ELLEN MONTGOMERY MARKETING ASSOCIATE ANGIE PILGRIM DIRECTOR OF COMMUNITY IMPACT STACEY RIVARD ADMINISTRATIVE GIFTS ASSOCIATE GIVE TO YOUR LOCAL COMMUNITY FOUNDATION Gifts to one of our ten affiliated community foundations directly support local grantmaking and programs impacting your hometown 16 DONOR ADVISED DESIGNATED FUNDS By establishing a Donor Advised Fund you essentially establish an individual family or business foundation within SCVF A Designated Fund makes your annual giving easy and automatic until you decide differently Both offer tax advantages and a long term plan for your philanthropic intentions FIELD OF INTEREST FUNDS Board and community members ensure your dollars work hard to advance opportunities and programs within your area of interest You can designate your gift for specific grantmaking areas music education health and wellness the arts etc AGENCY FUNDS Nonprofit organizations establish funds to take advantage of SCVF s expertise in accepting complex gifts such as appreciated stock IRA QCDs real estate etc investment protocols and economies of scale creating a long term funding source for their programs capital or operating needs SCHOLARSHIP FUNDS St Croix Valley Foundation has helped hundreds of donors establish scholarship programs Each one is unique and each scholarship fulfills a heartfelt legacy in support of educational advancement 17

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OUR MISSION The mission of the St Croix Valley Foundation is to enhance the quality of life in the St Croix Valley by Encouraging charitable giving in the Valley Building permanent funds that will provide resources for the needs of today and tomorrow Connecting people and programs YOUR PHILANTROPY YOUR WAY FOR YOUR COMMUNITY By donating to the St Croix Valley Foundation or one of our affiliated community foundations your gift gets reinvested in your community As local funding priorities and needs change the St Croix Valley Foundation can respond WE ACCEPT OUTRIGHT GIFTS DENNIS DUERST CHAIR JIM ELLIS VICE CHAIR MARK BULEY DOUG GEISSLER BUCK MALICK MIKE PEPIN STEVE SCHROEDER REAL ESTATE PRIVATE FOUNDATION ASSETS Bringing together people s charitable interests and the funding needs of programs and organizations BEQUESTS Encouraging collaboration CHARITABLE REMAINDER TRUSTS Forming partnerships and providing servant leadership through programs that enhance the quality of life in our region s distinct communities FINANCE INVESTMENT COMMITTEE APPRECIATED STOCK LIFE INSURANCE POLICIES CHARITABLE LEAD TRUSTS INVESTMENT ADVISOR FUND EVALUATION GROUP LLC RICHARD GRZYMAJLO MANAGING PRINCIPAL OCIO ADVISOR INDEPENDENT AUDITOR AKINS HENKE COMPANY FINANCIAL INSTITUTION FIRST STATE BANK TRUST CHARITABLE GIFT ANNUITIES FUNDING OPTIONS OUR STAFF SHELLEY CALVERT DIRECTOR OF OPERATIONS UNRESTRICTED ENDOWED FUNDS SALLY HERMANN ADMINISTRATIVE ASSOCIATE Providing unrestricted endowed gifts to SCVF allows the board staff and community partners to assess issues and put resources where need is the greatest No one knows what the next community crisis will be but unrestricted endowed gifts today or as part of a bequest provide flexibility and responsiveness HEIDI HERRON SCHOLARSHIP ASSOCIATE HEATHER LOGELIN PRESIDENT EMILY LOWNSBURY DIRECTOR OF FINANCE INVESTMENTS ELLEN MONTGOMERY MARKETING ASSOCIATE ANGIE PILGRIM DIRECTOR OF COMMUNITY IMPACT STACEY RIVARD ADMINISTRATIVE GIFTS ASSOCIATE GIVE TO YOUR LOCAL COMMUNITY FOUNDATION Gifts to one of our ten affiliated community foundations directly support local grantmaking and programs impacting your hometown 16 DONOR ADVISED DESIGNATED FUNDS By establishing a Donor Advised Fund you essentially establish an individual family or business foundation within SCVF A Designated Fund makes your annual giving easy and automatic until you decide differently Both offer tax advantages and a long term plan for your philanthropic intentions FIELD OF INTEREST FUNDS Board and community members ensure your dollars work hard to advance opportunities and programs within your area of interest You can designate your gift for specific grantmaking areas music education health and wellness the arts etc AGENCY FUNDS Nonprofit organizations establish funds to take advantage of SCVF s expertise in accepting complex gifts such as appreciated stock IRA QCDs real estate etc investment protocols and economies of scale creating a long term funding source for their programs capital or operating needs SCHOLARSHIP FUNDS St Croix Valley Foundation has helped hundreds of donors establish scholarship programs Each one is unique and each scholarship fulfills a heartfelt legacy in support of educational advancement 17

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ST CROIX VALLEY FOUNDATION The St Croix Valley Foundation provides support to ten volunteer led affiliated foundations That support includes 501 c 3 credentials fiduciary expertise board and committee guidance office and staff support and most importantly a shared understanding of and love for the St Croix Valley FINANCIAL STATUS 2020 TOTAL ASSETS TOTAL REVENUE EXPENSES GRANTS AND SCHOLARSHIPS 2019 69 681 649 69 453 184 9 058 248 10 892 063 ST CROIX VALLEY FOUNDATION 6 811 514 3 824 7 14 FUNCTIONAL EXPENSES PROGRAM FUND DEVELOPMENT MANAGEMENT AND GENERAL 1 576 205 126 851 390 860 1 8 1 6 76 2 240 087 397 975 TOTAL EXPENSES 8 905 430 6 279 538 CHANGE IN NET ASSETS 152 817 64 750 020 NET ASSETS END OF YEAR 6 9 5 1 5 3 6 1 69 362 544 MUSIC 99 370 EDUCATION ANIMAL RELATED CIVIC 570 757 8 38 HUMAN SERVICES 133 913 1 97 ENVIRONMENT 565 917 8 31 RELIGIOUS 324 305 4 76 HEALTH 1 594 250 23 41 OTHER 3 685 0 05 INTRA FUND TFRS TOTAL AFFILIATE FOUNDATIONS AMERY AREA MUSIC EDUCATION INTRA FUND TFRS ANIMAL RELATED 2 008 530 29 49 COMMUNITY FOUNDATION P O BOX 11 AMERY WI 54001 7 15 386 9490 AACF SCVFOUNDATION ORG P O BOX 96 NEW RICHMOND WI 54017 651 246 3652 INFO NRACFOUNDATION COM NRACFOUNDATION COM 516 2ND STREET SUITE 214 HUDSON WI 54016 7 15 386 9490 RFCF SCVFOUNDATION ORG RIVERFALLSCOMMUNITYFUND ORG P O BOX 449 LINDSTROM MN 55045 7 15 386 9490 CLACF SCVFOUNDATION ORG CLAC FOUNDATION COM HUDSON HUMAN SERVICES CIVIC HEALTH ENVIRONMENT 6 811 514 100 0 AMOUNTS LISTED ABOVE ARE UNAUDITED AND INCLUDE FUNDS HELD AS AGENT AND INTERFUND TRANSFERS AUDIT REPORT AND IRS FORM 990 AVAILABLE UPON REQUEST RELIGIOUS RIVER FALLS COMMUNITY FOUNDATION CHISAGO LAKES AREA ARTS NEW RICHMOND AREA COMMUNITY FOUNDATION COMMUNITY FOUNDATION 65 322 0 96 1 398 122 20 53 18 1 46 47 343 0 70 LOCAL COMMUNITY BASED FISCAL YEAR 2020 GRANTS GRANTS TRANSFERS ARTS 516 SECOND ST SUITE 214 HUDSON WI 54016 715 386 9490 INFO SCVFOUNDATION ORG SCVFOUNDATION ORG 4 612 524 NET ASSETS BEGINNING OF YEAR 69 362 5 44 JULY 1 2019 JUNE 30 2020 DO YOU HAVE QUESTIONS Please contact the St Croix Valley Foundation or your local Affiliate Foundation NORTHWEST ALLIANCE COMMUNITY FOUNDATION P O BOX 111 FREDERIC WI 54837 7 15 386 9490 NACF HQ GMAIL COM NORTHWESTALLIANCECF ORG P O BOX 322 SOMERSET WI 54025 7 15 386 9490 CHAIR SOMERSETCOMMUNITYFOUNDATIONWI ORG SOMERSETCOMMUNITYFOUNDATIONWI ORG COMMUNITY FOUNDATION PRESCOTT FOUNDATION 516 SECOND STREET SUITE 214 HUDSON WISCONSIN 54016 7 15 386 9490 HCF SCVFOUNDATION ORG HCFWI ORG P O BOX 392 PRESCOTT WI 54021 7 15 386 9490 PRESCOTTWIFOUNDATION GMAIL COM PRESCOTTFOUNDATION COM LOWER ST CROIX VALLEY COMMUNITY FOUNDATION 516 SECOND STREET SUITE 214 HUDSON WISCONSIN 54016 7 15 386 9490 INFO SCVFOUNDATION ORG SOMERSET COMMUNITY FOUNDATION STILLWATER AREA COMMUNITY FOUNDATION 516 SECOND STREET SUITE 214 HUDSON WISCONSIN 54016 651 342 8268 INFO STILLWATERAREAFOUNDATION ORG STILLWATERAREAFOUNDATION ORG

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ST CROIX VALLEY FOUNDATION The St Croix Valley Foundation provides support to ten volunteer led affiliated foundations That support includes 501 c 3 credentials fiduciary expertise board and committee guidance office and staff support and most importantly a shared understanding of and love for the St Croix Valley FINANCIAL STATUS 2020 TOTAL ASSETS TOTAL REVENUE EXPENSES GRANTS AND SCHOLARSHIPS 2019 69 681 649 69 453 184 9 058 248 10 892 063 ST CROIX VALLEY FOUNDATION 6 811 514 3 824 7 14 FUNCTIONAL EXPENSES PROGRAM FUND DEVELOPMENT MANAGEMENT AND GENERAL 1 576 205 126 851 390 860 1 8 1 6 76 2 240 087 397 975 TOTAL EXPENSES 8 905 430 6 279 538 CHANGE IN NET ASSETS 152 817 64 750 020 NET ASSETS END OF YEAR 6 9 5 1 5 3 6 1 69 362 544 MUSIC 99 370 EDUCATION ANIMAL RELATED CIVIC 570 757 8 38 HUMAN SERVICES 133 913 1 97 ENVIRONMENT 565 917 8 31 RELIGIOUS 324 305 4 76 HEALTH 1 594 250 23 41 OTHER 3 685 0 05 INTRA FUND TFRS TOTAL AFFILIATE FOUNDATIONS AMERY AREA MUSIC EDUCATION INTRA FUND TFRS ANIMAL RELATED 2 008 530 29 49 COMMUNITY FOUNDATION P O BOX 11 AMERY WI 54001 7 15 386 9490 AACF SCVFOUNDATION ORG P O BOX 96 NEW RICHMOND WI 54017 651 246 3652 INFO NRACFOUNDATION COM NRACFOUNDATION COM 516 2ND STREET SUITE 214 HUDSON WI 54016 7 15 386 9490 RFCF SCVFOUNDATION ORG RIVERFALLSCOMMUNITYFUND ORG P O BOX 449 LINDSTROM MN 55045 7 15 386 9490 CLACF SCVFOUNDATION ORG CLAC FOUNDATION COM HUDSON HUMAN SERVICES CIVIC HEALTH ENVIRONMENT 6 811 514 100 0 AMOUNTS LISTED ABOVE ARE UNAUDITED AND INCLUDE FUNDS HELD AS AGENT AND INTERFUND TRANSFERS AUDIT REPORT AND IRS FORM 990 AVAILABLE UPON REQUEST RELIGIOUS RIVER FALLS COMMUNITY FOUNDATION CHISAGO LAKES AREA ARTS NEW RICHMOND AREA COMMUNITY FOUNDATION COMMUNITY FOUNDATION 65 322 0 96 1 398 122 20 53 18 1 46 47 343 0 70 LOCAL COMMUNITY BASED FISCAL YEAR 2020 GRANTS GRANTS TRANSFERS ARTS 516 SECOND ST SUITE 214 HUDSON WI 54016 715 386 9490 INFO SCVFOUNDATION ORG SCVFOUNDATION ORG 4 612 524 NET ASSETS BEGINNING OF YEAR 69 362 5 44 JULY 1 2019 JUNE 30 2020 DO YOU HAVE QUESTIONS Please contact the St Croix Valley Foundation or your local Affiliate Foundation NORTHWEST ALLIANCE COMMUNITY FOUNDATION P O BOX 111 FREDERIC WI 54837 7 15 386 9490 NACF HQ GMAIL COM NORTHWESTALLIANCECF ORG P O BOX 322 SOMERSET WI 54025 7 15 386 9490 CHAIR SOMERSETCOMMUNITYFOUNDATIONWI ORG SOMERSETCOMMUNITYFOUNDATIONWI ORG COMMUNITY FOUNDATION PRESCOTT FOUNDATION 516 SECOND STREET SUITE 214 HUDSON WISCONSIN 54016 7 15 386 9490 HCF SCVFOUNDATION ORG HCFWI ORG P O BOX 392 PRESCOTT WI 54021 7 15 386 9490 PRESCOTTWIFOUNDATION GMAIL COM PRESCOTTFOUNDATION COM LOWER ST CROIX VALLEY COMMUNITY FOUNDATION 516 SECOND STREET SUITE 214 HUDSON WISCONSIN 54016 7 15 386 9490 INFO SCVFOUNDATION ORG SOMERSET COMMUNITY FOUNDATION STILLWATER AREA COMMUNITY FOUNDATION 516 SECOND STREET SUITE 214 HUDSON WISCONSIN 54016 651 342 8268 INFO STILLWATERAREAFOUNDATION ORG STILLWATERAREAFOUNDATION ORG

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PRESORTED STANDARD US POSTAGE PAID LMMAIL 516 SECOND ST SUITE 214 HUDSON WI 54016 482 CHARITABLE FUNDS 1 098 312 GRANTED TO AREA NONPROFITS RESPONDING TO IMPACTS OF COVID 19 70MILL ASSETS UNDER MANAGEMENT Donor generosity drives community impact Thank you for supporting and partnering with the St Croix Valley Foundation d I N FO S C V FO U N DAT I O N O R G 7 1 5 3 8 6 949 0 O IX VA LLEY FO UN A N C 1995 IO ST D T R SCVFOUNDATION ORG 2020 YEARS STRONG d THIS ANNUAL REPORT DEVELOPED IN PART WITH FINANCIAL SUPPORT FROM