1,428 Gifts281 Funds

$4 Million in Grantsand Scholarships

so muchBetter Together

A 2017 Community Report

Community Leadership Fund with gifts and grants 4The collective gifts provided through the CommunityFoundation Annual Appeal are vital to support the work of the Community Foundation.

Discretionary Funds 7Discretionary funds work to address current and emerging needs and create an unending legacy for those who make them possible.

Field of Interest Funds 11Field of Interest funds address specific issues withincommunities important to the fundholder.

Donor-Advised Funds 13Donor-Advised funds are a cost-effective and tax beneficial alternative to establishing a private foundation.

Designated Funds 23Designated funds support specific nonprofit organizations, providing a steady stream of annual income to fundholders’ favorite nonprofits in perpetuity.

Agency Funds 24Agency funds are established by nonprofits to support their charitable needs.

Scholarship Funds 28Scholarship funds support education in the NorthwestCorner by providing awards and scholarships to areastudents based on the criteria established by fundholders.

Charitable Remainder Trusts 32 The Community Foundation works with donors to establishflexible giving options that provide for their families nowand support their charitable interests long into the future.

Supporting Organizations 33The Community Foundation supports the work of privatelyestablished foundations in the Northwest Corner.

Investment Report and Audited Financials 20

Committees, Councils and Societies 34 Volunteers work endlessly to support the mission of theCommunity Foundation and the nonprofits of theNorthwest Corner.

ON THE COVERNorfolk View Photo credit: Sarah KruseWarner Theatre Photo credit: Mandi MartiniBethlehem Ambulance Food Rescue US

THIS PAGEBurr Pond

2

At a Glance

$II0,35I,562 IN ASSETS

GEOGRAPHIC AREA

20TOWNS IN

NORTHWEST CONNECTICUTBARKHAMSTED, BETHLEHEM, CANAAN (FALLS VILLAGE), COLEBROOK, CORNWALL, GOSHEN, HARTLAND, HARWINTON, KENT, LITCHFIELD, MORRIS, NEW HARTFORD, NORFOLK, NORTH CANAAN, SALISBURY, SHARON, TORRINGTON, WARREN,WASHINGTON, AND WINCHESTER/WINSTED

OUR MISSION To enrich the quality of lifefor residents of NorthwestConnecticut by inspiringlocal philanthropy,

convening stakeholders incommunity welfare,

strengthening the regionalnonprofit network andfostering collaborativefunding partnerships.

I8.4%

I7 BOARD MEMBERS

�

INVESTMENTRETURNS

�

3

$3,86I,249

The Impact of Your Philanthropy

12NEW FUNDS

12 funds were established in 2017 in support of a range of service areas, includinganimal care, healthcare,emergency services, landconservation, gender equality, and the arts.

28IFUNDS UNDER

MANAGEMENT

I49SCHOLARSHIPSAWARDED

$I54,050$154,050 in scholarships awarded to local students studying with a range

of majors, including biology, informationtechnology, and the arts

GRANTS AWARDED

$4,7I4,98IGIFTS RECEIVED

262GRANTEES

�

�

�

�

In 2017�

�

�

�

4

Community Leadership FundEach year, the Community Foundation asks individuals and families within our Northwest Corner topartner with the Community Foundation to support arts and culture, healthcare, education, humanservices, animal care, and land conservation. The collective charitable gifts provided through the AnnualAppeal are vital to support the work of the Community Foundation.

Gifts

$5,000-$9,999Harriet Ford DickensonFoundation

Margaret & Adrian Selby FundDennis and Elena ShervaBunny Williams Foundation

$3,000-$4,999Helen and Anthony Scoville

$1,000-$2,999Joan and Stephen AltschulerThe Asen FoundationJayne BentzenThe Bono Family FundSusan and Jeffrey BorghesiHope ChildsMarlene ChildsNancy KissingerThe Loyola FoundationJudy and Peter MenikoffMullins Family FoundationPhilip V. Oppenheimer and Mary Close

Ellen and Sam Felton PoseyThe Lawrence Power CharitableFoundation

Rudy and Ronald RosensteinAlan RothfeldPhilip SamponaroWall, Wall & FrauenhoferKatherine Wenning and Michael Dennis | in honor of Anne Sutherland Fuchs

$500-$999Anita and William BaxterElizabeth and Martin BrayboyThe Lea Davies CharitableFoundation

Julia and Jeffrey DeMichielFran and Richard DichilloPatricia Gelormino | in memory of Tony and Betty Gelormino

Maria P. Horn and Thomas QuinnRoberta and John E. JancoJosephine Jones

Barbara and Gene Kohn | inhonor of Anne Sutherland Fuchs

Susan and Jeffrey LalondeMary and Richard LanierDon MaylandStephanie and Stephen Mazzarelli

Ruth and Stephen MelvilleThe Neary Family CharitableFund

Linda and Doug O'ConnellRoderic OnegliaIsabelle OsborneVictoria and Fran Patrick | in honor of the DeMichiel and Patrick Families

Ann Perse | in honor of Dan Dwyer

Cathy Perga | in memory of Roger Valli

Nancy and Norman RogersDale and Quentin R. RyanJoyce S. SchwartzMarvin & Joyce S. SchwartzAdvised Fund

Mark Shearer FundCarol and Louis TimolatMelinda and William J. VandenHeuvel Foundation, Inc.

$250-$499Bernard R. Adams and Edna H.Travis Fund

Judy and David AddazioAnn and Travers AuburnAssured Partners NortheastMarcia and Haworth BarkerSusan and Bradley BremerSarah and Frank Buonocore | inmemory of Charles Buonocore

Susan and Mark CaufieldPam and Alan ColavecchioJ. Barclay CollinsSusan DeanKatharine and Rohit DesaiAnne and Edward Dodge

Michael Duca and JacquelineBlombach

Michael Emont and MargoRappoport Fund

Lucy Fenn | in memory of AlbertH. and Albert R. Fenn

The Field Family Foundation TrustFrank H. Finch, Jr., Esq.| inmemory of Louise A. Finch

Mary Ellen and Andrea GeisserJohn GreenKimberly and Jeff GreenbergJanis and Gary GriffinHallingby Family FoundationDebby and Barton JonesJill and Kevin T. KeaneDoreen and Michael KellyKatherine KinaneBetsy Kittredge and ChristopherLittle

Dr. and Mrs. Richard KreschRoxana and Ledlie LaughlinStarling R. Lawrence CharitableFund

Susan and Jedd LevineFritz and Lee LinkCarol and Edward G. LordSandra MagyarRobert and Carolyn MattoonFund

Gayle MoraskiLois MoraskiMargo and Russell O’Connor, Jr. | in memory of Edward J. and Josephine M. Schmitt

Jennifer Perga and MikeDeClement

Janet and Robert PetriconeSusan Pinsky and Marc RosenProgressive Paving andConstruction

Clarence and Frances RobertsMargaret RorabackMolly and Charles RorabackPatty and Guy RovezziDr. William and Rosemarie RyanElaine and Robert Sederquist

Gifts and Grants by Fund

5

I2New FundsMarguerite SegallaJudy StauboNancy and Timothy StriniJane TremperSanda and John UrsoneLaw Offices of Donna D. VincentiKathleen and Michael VoldstadNancy WadhamsArete Warren | in memory of William B. Warren

Walter and Patricia WilliamsenLeone Young

$100-$249A.T.A. Realty, Inc. Molly AckerlyWilliam AhrensEdward ArumSkip and Judy BarberArleen and Tom BarrettThomas BechtleAnn and Lance BeizerCora and Randall BellThe Benevity Community ImpactFund | Richard and PattyMarshall

Esther and David BennettSally BergadGail and Ricky BerglundBarbara and Robert BettigoleNancy and Robert Bird, Jr.Rita and David BishopVirginia and James BlackketterCara and Kenneth BlazierDana and John BongiornoAnnesa and Richard BorlaSheila and Arthur BorlaDebra A. Brown, Esq.Dona and James CaseyFrank J. ChiaramonteLinda and Peter ChidseyMarcia and Vincent Cianciolo | in memory of LawrenceCianciolo

Donna and Gary Colavecchio | inmemory of Dominic Colavecchio

Barry and Karen ConeDr. Roger CoutantPeggy and David CusickBarbara Darcey | in memory ofWilliam Darcey

Jean Darlington and Eduardo Marchena

Francis DelaneyIrene and Roger DietlinDonna and James DiMartino | in memory of Khurshed Bhumgara

Allen Domack

Deborah and Louis DonneDenise and Ron DowerJames DresserShirley and William DunkinRandy Dwenger and StevenCallahan

George Elling | in memory of Mary EllingDan EvansJames FabiaschiZoe and Sergei FedorjaczenkoIngely and Malcolm ForbesSusan and Tino Galluzzo | inhonor of Guy Rovezzi

Joseph GelorminoStephen GetzElisabeth GillHelen Trubek Glenn | in honor of Joyce Briggs

Betsy and Bill GoffEleanor P. Gunn | in memory ofBrian O’NeilWilliam G. HardingVicki and Ken HawkinsDiane and David HebertJill and George HetsonMarjorie and Simon HewettElizabeth Hilpman and Byron Tucker

Satomi and Bradford W. HoarHolley-Doremus FundLynn Ray HoopesJoel Howard and Tracy TuckerDaphne Hurford and SandyPadwe

Cindy and Michael ItaliaanderMichael JacksonLeila JavitchDiane and Jeff JohnsonKeith JohnsonJosephine JonesPeggy and Ted KelleyAlice and Peter KentRobert E. KingThomas E. KrohnerJoan KunschGloria and Philip LaFaveCorky and John LavieriFaye LawsonRobin and Kevin LedversisBarbara and Charles LemmenCarol and Robert LenzDiane and Mark LibbyLitchfield Lions ClubLouise LindenmeyrJane and David LindleyAnne MacDonald

Susan MacEachron and Michael Halloran

Caitlin Macy and Jeremy BarnumDonna and Brian MattielloMadeline McClave and RichardFrieder

Priscilla and Alan McCordDebra and John McKeon | inmemory of John Gill Jr.

Catherine and John McMahonNicholas J. Moore Advised FundJohn Morgan | in memory ofPhyllis Morgan

Julia and John MorrisSheila and Paul MosesMarion and Victor MuschellNancy NovogrodPatricia and James OkronglyCharlene O’Neil | in memory of Mike O’Neil

Gail O’Neil | in memory of BrianJ. O’Neil

Eliot OsbornDenise and Doug ParkerSusan PattersonSusie PayneHeidi Picard-Ramsay and Tim Ramsay

Judith and Roger PollickErica and Hector Prud’hommeSally and Andrew QualeJosephine RadocchioRosina RandBeverly and Norman ReichCynthia and John Reznick | inmemory of Ryan and ReznickFamilies

Cristin and David RichDr. Billie RobbinsThe Hon. Andrew Roraback and Kara Dowling

Anita and Mark RosaCaren and Gordon RossLinda and Douglas RothCynthia and Gerald RothsteinDiana and Raymond RoyHugh SchoelzelEdith Scopino | in memory of Michael Scopino

J. Seitz & Co.Peggy and Michael ShanahanDaniel ShawCharles Short and Chet Kranewski

Lisa Lansing Simont and Doc Simont

Nan Skeie

6

Community Leadership Fund continued

Sandy and David SlemmerMarlene and Christopher Smith | in honor of Barbara Spiegel

Terina and Michael SmithMatthew P. SmythEmily SoellStedronsky & Meter, LLCLinda and Donald SteinPeter Steiner

Rodnette and Gary StephenLaura and Steven SundquistSusan and William SweetmanJoelene and Robert TeittinenMichael TrappSandra and Stephen VaillChristina Hoyt VanderlipJean VitalisStacie Weiner

Jane WhitneySusannah and Willard WoodMark and Penelope Ziarnik

up to $99191 community members gave$7,745 in gifts

The Khurshed Bhumgara Fund and the Robert V. Carr Fund awardedgrants to Food Rescue US, an organization that works with local food providers,such as restaurants and grocery stores to collect excess food and deliver it toorganizations that provide meals to food-insecure members of our communities.

Learn more about the Khurshed Bhumgara Fund atwww.northwestcf.org/KhurshedBhumgara

�

7

Discretionary FundsDiscretionary Funds are a powerful means for donors to enable effective giving where and when it is most needed. Grants are awarded in the name of the fund to nonprofits chosen through acomprehensive selection process administered by the Community Foundation Board of Directors.Discretionary funds provide enormous impact in addressing current and emerging community needs,creating an unending philanthropic legacy for those who make these funds possible.

Bank of Boston Fund est. 1998Created by local executives at the then Bank ofBoston, this permanent fund supports theCommunity Foundation and the communities itserves.Grants | $200Partners for Sustainable Healthy Communities

Khurshed Bhumgara Fund est. 2014This endowed fund was established through abequest from Khurshed Bhumgara. Mr. Bhumgararetired in 2002 from a successful career in capitaland real estate development. He settled in Sharon,Conn., where he worked tirelessly to support andsteward the nonprofits of the Northwest Corner,including serving as a Community Foundationboard member for many years.GiftsEstate of Khurshed BhumgaraGrants | $76,300 Bethlehem Ambulance Association, Inc.Connecticut Volunteers in Service to the Blind and Handicapped (CVSBH)

Family Strides, Inc.Five Points GalleryFood Rescue US (fka Community Plates)Friendly Hands Food Bank, Inc.Geer Nursing & Rehabilitation CenterHealing Meals Community ProjectHeritage Land Preservation Trust, Inc.New Hartford Volunteer AmbulancePartners for Sustainable Healthy CommunitiesSalisbury Association, Inc.The Salisbury ForumSt. John’s FoundationSteep Rock Association, Inc.Winchester Land Trust, Inc.Working Lands AllianceYMCA Camp Mohawk, Inc.

Brooks Bank Fund est. 1970 One of the first to be established at theCommunity Foundation, this fund was initiated byemployees of the Torrington-based Brooks Bank,which subsequently merged with Colonial Bankand Trust Company.Grants | $1,000Housatonic Youth Service Bureau

John Brooks Fund est. 1977A prominent Torrington banker, Mr. Brooksestablished this endowment to assist areanonprofit organizations in perpetuity.Grants | $500Helping Hands Chore Service

Fred and Josephine Bruni Fund est. 2011 Established by family of the late Fred Bruni, thisfund supports charitable scientific and educationalinitiatives in the Northwest Corner.Grants | $1,000Helping Hands Chore Service

Robert Venn Carr, Jr. Fund est. 1985 Founder of the Litchfield County Insurance andTravel Agency in Torrington, Mr. Carr establishedthis endowed fund as a token of his appreciationand to enhance the quality of life for the people ofthe community.Grants | $4,000Northwest Connecticut Arts Council

Marion Isabell Coe Fund est. 1998 Grants (made possible by funding from Bank ofAmerica) from this trust fund assist underresourced residents of Litchfield, Warren, Morrisand Goshen, with a preference for Litchfieldresidents.Grants | $850Kent Historical SocietySharon Community Foundation, Inc.

Eva M. Coty Fund est. 1998 This fund was established by bequest to enhancethe quality of life for citizens of Litchfield County.Grants | $5,500Susan B. Anthony Project

Ruth and Robert Cron Endowment Fundest. 2007 This fund honors the memory of Ruth E. Cron,supporting nonprofit organizations throughoutthe Northwest Corner.Grants | $6,750Cornwall Conservation Trust, Inc.East Litchfield Village Improvement Society, Inc.The Goshen Players, Inc.Hotchkiss Library of SharonNorthwest Connecticut Community Foundation

8

Discretionary Funds continued

Edward W. Diskavich Fund est. 2016A longtime Torrington resident, Mr. Diskavichestablished this fund through his estate planningto support the nonprofits of NorthwestConnecticut.Grants | $12,500Prime Time HouseWinsted Senior Center and Senior Enrichment Program

Marion Wm. and Alice Edwards Fundest. 2004 Mr. and Mrs. Edwards, both educators with a longhistory of civic involvement, were dedicated tolearning and devoted to Torrington. Established bybequest, this fund supports the crucial work ofnonprofit organizations.Grants | $72,065Bethlehem Food BankBronc Callahan Community Fund, Inc.Chore Service, Inc.The Corner Food PantryFamily & Children's Aid, Inc.Falls Village Emergency Relief/Fuel FundFalls Village Senior CenterFamily Resource Center at Vogel-Wetmore SchoolFirst Church of BethlehemFISH of Northwestern ConnecticutFishes & Loaves Food PantryGoshen Community Care & HospiceGoshen Good Neighbor FundGreenwoods Counseling ReferralsHealing Meals Community ProjectHousatonic Youth Service BureauJunior Women's Club of Litchfield HillsKidsPlay Children's MuseumLitchfield Hills Chore ServiceMaria Seymour Brooker MemorialNew Hartford Land TrustNorfolk Foundation Inc.North Canaan Social ServicesNorthwest Connecticut Community FoundationNorthwest Music AssociationSharon Community Foundation, Inc.Sharon Day CareSteep Rock Association, Inc.The Torrington LibraryTown of Kent Social ServicesUnited Church of Christ in CornwallWashington Community Fund, Inc.Winchester Center Congregational ChurchWinsted Area Child Care CenterWomen’s Support Services

First National Bank of Litchfield Fundest. 1997 This endowment supports the CommunityFoundation and the communities it serves inperpetuity.

Fleet General FundThis endowed unrestricted fund supports thenonprofits of Northwest Connecticut.Grants | $750Kent Historical Society

Lucia Tuttle Fritz Fund est. 2008 A lifelong resident of Torrington, Mrs. Fritzestablished this fund through a bequest.Grants | $13,000Greenwoods Counseling ReferralsTorrington Historical Society

Carlton D. Fyler and Jenny R. Fyler Fundest. 1988 Torrington residents Carlton D. Fyler, a chauffeur,and Jenny R. Fyler, an educator, established thisendowed fund through their estate planning. Thefund continues their lifelong interest in supportingthe moral, artistic, intellectual, and physicaldevelopment of children.Grants | $70,140After School Arts ProgramCAFTA Connecticut Academy For The ArtsCenter for Children's Advocacy, Inc.CHAMPSCommunity Mental Health Affiliates, Inc.Covenant to Care for ChildrenEdAdvanceHotchkiss Library of SharonJunior Achievement of SW New EnglandKidsPlay Children’s MuseumLitchfield Performing ArtsMcCall Center for Behavioral HealthNutmeg Big Brothers Big SistersNutmeg Symphony OrchestraSalisbury SinfoniettaSchool on the GreenTorrington Public SchoolsTrout UnlimitedWarren Church Community ChildcareWinsted Area Child Care CenterYMCA Camp Mohawk, Inc.

9

Keroden Endowed Fund est. 2001 Established anonymously, this fund enables theCommunity Foundation to meet a broad range ofevolving community needs.Grants | $14,020CT Women’s Education and Legal FundEast Litchfield Village Improvement Society, Inc.Norfolk Historical SocietyThe Norfolk Land TrustNorthwestern Connecticut Community College

Northwest Connecticut PhilanthropyFund est. 2008An open and flexible community resource, thisfund was created as an easy and cost-effectiveway for the general public to be a part of the localphilanthropic experience. The fund provides aplatform that helps local citizens realize theircharitable goals.Gifts$15,000-$19,999Draper Foundation Fund | in support of Community Crossroads publication

$10,000-$14,999Allan BorghesiAnonymous | in support of year-end critical needs

$1,000-$2,999South Side Café’s George Mazzaferro 6th AnnualCharity Pub Ride proceeds

Barron Financial Group | in honor of BarronFinancial Clients

Jeffrey and Susan Lalonde Community BettermentFund | with Torrington Savings Bank match insupport of the purchase of artwork for theCommunity Foundation office

$500-$999Maria and David Mazzarelli | in support of socialservices/health and scholarships

$100-$249Mary Lou Serafini | in memory of Rita Pacheco

up to $99$475 in gifts in support of arts/culture, environment & animals, civic & education andYMCA Camperships

Grants | $16,375Connecticut Food BankConnecticut Volunteers in Service to the Blind and Handicapped (CVSBH)

Habitat for Humanity of Northwest ConnecticutLitchfield Education FoundationNew Opportunities Inc.Northwest Connecticut Community FoundationNorthwest Hills Council of Governments

Operation OverflowTown of Warren Social ServicesVisiting Nurse Services of Connecticut – TorringtonVNA Northwest, Inc.Winsted United Methodist Church

Pierpont Chapter #49 Order of theEastern Star Fund est. 2005 This fund was established in memory of DeborahA. Goldthwaite, Past Matron of Pierpont Chapter#49 Order of the Eastern Star.Grants | $600Partners for Sustainable Healthy CommunitiesPrime Time House

Edwin M. Stone and Edith H. Stone Fundest. 1971 Established through the estates of Mr. and Mrs.Stone, this fund supports nonprofit organizationsin the Community Foundation’s service area.Grants | $18,000CAFTA (Connecticut Academy For The Arts)Goshen Historical SocietySt. John’s Foundation

Torrington Club Fund est. 1969 This fund established the original Torrington AreaFoundation for Public Giving as a communityfoundation. The fund continues to support thecommunities of Northwest Connecticut.Grants | $1,000Torrington Area Youth Service Bureau

Torrington Savings Bank Fund est. 1997 Established by the management of the TorringtonSavings Bank, this endowed fund supports theCommunity Foundation and the communities itserves. Grants | $200Partners for Sustainable Healthy Communities

Torrington Savings FundThis endowed unrestricted fund supports thenonprofits of Northwest Connecticut.Grants | $150Sharon Community Foundation, Inc.

Margaret C. Tupper Fund est. 1993 Established through a bequest in her will, Ms.Tupper’s endowed fund will continue to improvethe quality of life for future generations ofNorthwest Connecticut residents.Grants | $3,900Cornwall Historical Society

10

Discretionary Funds continued

Feliciano and Lydia Turri Zaccheo Fundest. 1999 This endowed fund, which memorializes a well-known Torrington couple, helps to improve thelives of citizens in Northwest Connecticut.Grants | $2,300Hotchkiss Library of SharonDavid M. Hunt Library

�

The Miles For Moe Fund awards grants annually in support of Camp MOE, the first independent reverse-integrated summer camp in New England.

A popular summer camp destination in the Northwest Corner, Camp MOE has grown from 50 campers to hundreds of campers each summer.

Learn more about the Miles for Moe Fund atwww.northwestcf.org/milesformoe

11

Field of Interest FundsField of Interest Funds enable annual grants to address specific issues within communities important tothe fundholder. Based on personal philanthropic goals, fundholders determine grant recipient eligibilityrequirements—geographic area of service or specific community needs, such as arts enrichment,homelessness or the environment—and the Community Foundation annually provides carefullyselected grants in the fund’s name that best reflect fundholders’ philanthropic objectives.

Roberta Lee August Fund est. 1998 This fund was established to honor Miss August, a longstanding Community Foundation volunteer.The fund supports programs in the areas of mental illness and literacy.Gifts$250-$499Andrea Doyle Asman, Esq.Gifts up to $99$15 in giftsGrants | $500Housatonic Youth Service Bureau

Miriam Mason Cable Trust Fund est. 2006 Established by Peter Cable of Harwinton in honorof his wife, this fund provides support for humanservice organizations dedicated to improving thequality of life for residents of the GreaterTorrington area.Grants | $10,510Harwinton Ambulance AssociationHarwinton Historical SocietyHarwinton Land TrustHarwinton Public LibraryLitchfield Community Center, Inc.

Caleb J. Camp Trust Originally established as a trust almost onehundred years ago to honor a prominent Winstedbenefactor, this fund assists under-resourcedresidents of Winsted.

Robert V. Carr Fund est. 2005 This fund directs much of its support to health andhuman service organizations, libraries, and toorganizations engaged in the promotion of thearts and the beautification of the community.Grants | $5,950Chore Service, Inc.David M. Hunt LibraryLittle Guild of Saint FrancisNew Hartford Volunteer AmbulancePartners for Sustainable Healthy CommunitiesWisdom House Retreat and Conference Center

Critter Fund est. 2005 Established by the Community Foundation, thisendowed fund supports charitable organizationsin Northwest Connecticut dedicated to animalwelfare. The fund assists with shelter, rescue andadoption, training, prevention of cruelty, spayingand neutering, elderly companionship, services tothe disabled and wildlife preservation.Gifts$100-$249Ruth B. Vaill

The Emeritus Fund Grants from this field of interest fund, whichhonors past members of the CommunityFoundation’s Board of Directors for their dedicatedservice, support the efforts of local nonprofits toenhance their governance.

1421 Opportunity Fund est. 2002 This fund was created to assist at-risk teens inNorthwest Connecticut.

Friends Helping Children Fund est. 1999 Torrington residents created this endowed fund toassist children with life-threatening illnesses andtheir families.

Cynthia Conklin & Family Fund ForPets in Need est. 2017Established in honor of Cynthia Conklin ofSharon, Conn. This fund supports organizationsdedicated to animal welfare, and works toalleviate animal suffering by supporting grantsfor medical care for sick, injured, abused and/orneglected animals in Litchfield County, Conn.and Dutchess County, NY.GiftsEstate of Cynthia Conklinin memory of Cynthia Conklin

$500-$999Anne Williams$100-$249Ann, Molly, Katherine, Terry & MarthaDiane Monroeup to $99$35 in gifts

12

Anson and Caroline Catlin HungerfordTrust Fund est. 2007Established by Mr. Newman Hungerford inmemory of his parents, this fund assists deservingresidents of Harwinton with hospital-relatedmedical expenses.

Kent Cultural Arts and Music Fundest. 2007 This field of interest fund supports culturalprograms within the Kent community with apreference for music-related programs that appealto a wide audience.

The MacCallum Family Fund for AnimalWelfare est. 2013 This fund provides for emergency medical care forsick, injured and/or neglected animals throughemergency grants that support the treatment ofanimals brought to animal hospitals by goodSamaritans and animals whose owners are in needof financial assistance for their care. The fund alsosupports efforts to educate the community aboutthe care of animals.Gifts$500-$999Lynn Carter | in honor of Shirley MacCallum's birthday$250-$499Frederick Machuga$100-$249Marion FeltonTara and Bryan McEwan | in honor of Shirley MacCallum's birthday

Bryan, Tara, Kaelyn, Chase and Stella | in honor of Shirley MacCallum and Lynn Carter

Gayle and Lois MoraskiGayle Moraski | in honor of Shirley MacCallum's birthday and in memory of Kathy Shepard

Colleen and Robert Poole | in honor of Shirley MacCallum's birthday and in memory of Kathleen Shepard

Beth and Jason Pajak | in honor of ShirleyMacCallum and in memory of Toby MacCallumUp to $99$150 in gifts

Grants | $400Sand Road Animal Hospital, LLC. (patient assistance)

Louis O. Thibeault Fund for theAdvancement of Children’s Educationest. 2009 This fund was established by Mr. Thibeault toadvance the education of disadvantaged childrenby addressing obstacles to learning specificallyrelated to their health, well-being and/or deficits inneeded assistive technology. The fund strives toenhance learning by assisting families of limitedmeans with associated expenses.Grants | $254.20Torrington Eyecare (patient assistance)

Field of Interest Funds continued

The Making Cents Fund est. 2017This field of interest fund supports charitable,scientific and/or educational initiatives inCornwall with preference given to effortsaddressing basic human and social serviceneeds.Gifts$20,000-$24,999Anonymous

Mary C. Williams Fund est. 2017This field of interest fund supports the workof charitable organizations located in orserving residents of Kent, Conn.Gifts$5,000-$9,999Mary C. Williams

13

Donor-Advised Funds

Borghesi Family Fund est. 1999 Created by Allan and Maria Borghesi, this fundhelps to improve the quality of life in NorthwestConnecticut.Grants | $1,200Susan B. Anthony Project New Hartford Land Trust

Susan A. Bruso Memorial Fund est. 2004 Established in memory of Ms. Bruso, a Winstedresident who worked for many years in thetechnology industry, this fund supports charities inNorfolk and also awards annual scholarships toBotelle Elementary School graduates.Grants$100 awarded to two Botelle Elementary Schoolgraduates

The Buchanan Fund est. 2009A gift from the William E. and Josephine B.Buchanan Family Foundation, Inc., established thisdonor-advised fund, which supports areacharitable organizations.Grants | $44,810Bank Street College of EducationCornwall Library AssociationCrescendo, Inc.Housatonic Valley AssociationUnited Church of Christ in Cornwall

The Canaan Foundation Non-EndowedFund est. 2006 The Canaan Foundation established thiscommunity-specific fund to enhance the quality oflife for residents of Canaan.Giftsup to $99$50 in gifts

Peter G. Cerruto Memorial Fund est. 2004 Established by family and friends, this fund honorsthe memory of Mr. Cerruto, a lifelong Torringtonresident and a World War II and NormandyInvasion veteran.Gifts$100-$249Joan Altschuler | in memory of Peter CerrutoJudy StauboJannette Stevens | in memory of Peter Cerrutoup to $99$50 in gifts

Award$1,000 awarded to an Oliver Wolcott TechnicalHigh School student

Susan F. Cogswell Memorial Fund est. 2010 Established in memory of Ms.Cogswell, a lifelongTorrington resident and former state insurancecommissioner known for her commitment topublic service, this donor-advised fund supportscharitable endeavors in Northwest Connecticut.

Draper Foundation Fund est. 2012 The late Jim and Shirley Draper’s gift of $30 millionwill forever serve as a testament to theirexceptional kindness and generosity. One of thelargest single gifts on record to a communityfoundation in the state of Connecticut, the fundbenefits mainly local charitable organizations bymaking yearly grants to 19 nonprofits named bythe Drapers and through annual donor-advisedgrants.Grants | $1,523,458Susan B. Anthony ProjectThe American Mural Project Barkhamsted Senior CenterBatcheller Early Education CenterBeardsley & Memorial LibraryCatholic Charities, Inc., Family Service CenterCenter Congregational ChurchCHAMPSCharlotte Hungerford Hospital AdministrationColebrook Associates, Inc.Colebrook Congregational ChurchColebrook Historical SocietyColebrook Preservation Society, Inc.Community Kitchen of TorringtonConnecticut Food BankCornell University for the Cornell Feline HealthCenter College of Vet Medicine

CT Public Affairs NetworkEducated Canines Assisting with DisabilitiesFISH of Northwestern ConnecticutFive Points GalleryFriendly Hands Food Bank, Inc.Greenwoods Scholarship Foundation, Inc.Hands of GraceHelping Hands Chore ServiceKitty Quarters, Inc.LARC, Inc.Last Post Cat Refuge (Vivisection InvestigationLeague)

Donor-Advised Funds are an increasingly popular means for donors to create greater, longer-lastingimpact in their charitable giving. A far more cost-effective and tax beneficial alternative to establishing a private foundation, donor-advised funds are often established through gifts of stock or otherappreciated assets. Fundholders or their designated successors recommend grants to nonprofitorganizations of their choice, while the Community Foundation manages all aspects of administeringthe fund and overseeing the prudent investment of the fund’s assets.

Donor-Advised Funds continued

14

Litchfield Hills Elderly Nutrition ProgramLittle Guild of Saint FrancisMcCall Center for Behavioral HealthNew Beginnings of Northwest Hills LitchfieldCounty, Inc.

Northwest Connecticut Chamber EducationFoundation, Inc.

Northwest Connecticut Community FoundationNorthwest Connecticut YMCANorthwestern Connecticut Community CollegePartners for Sustainable Healthy CommunitiesPrime Time HouseSalvation Army Salvation Army of TorringtonSpecial Olympics ConnecticutTorrington Area Youth Service BureauTown of ColebrookTown of NorfolkTufts University School of Veterinarian MedicineUniversity of Connecticut Foundation, Inc.Veterans Service Office & MuseumW. L. Gilbert Trust CorporationWarner TheatreWe Adopt Greyhounds, Inc.Winchester Youth Service BureauWinsted Area Child Care CenterWinsted Family Resource CenterYankee Golden Retriever Rescue

The Echo Valley Foundation Fund est. 2009Established anonymously, this donor-advised fundsupports charitable, scientific and educationalinitiatives in Northwest Connecticut andthroughout the region.Gifts$100,000 -$159,999AnonymousGrants | $123,500American Friends Service CommitteeThe American Mural ProjectAmerican WhitewaterAmnesty InternationalAuthor’s Guild FoundationClinic for Special ChildrenConnecticut Farmland TrustThe Corner Food PantryDoctors Without Borders/Medecins Sans FrontieresFalls Village Volunteer Fire DepartmentGermantown Friends SchoolGermantown Monthly MeetingThe Hole in the Wall Gang CampInstitute for JusticeLakeville Hose CompanyOx-Fam AmericaProject A.L.S.

Reason FoundationSalisbury Family Services, Inc.Salisbury Volunteer Ambulance ServiceScoville Memorial Library AssociationSOAR Educational Enrichment Inc.

Elson-Slemmer Fund for the Environmentest. 2007 Established by Sandra Elson Slemmer and DavidSlemmer, this fund is used primarily for charitable,scientific and educational support relating to theprotection of the natural environment with aprimary focus in Northwest Connecticut.

Friends of New Hartford Fund est. 2002 Established by longtime New Hartford residentDavid L. Childs and New Hartford communitymembers, this fund provides grants to charitableorganizations in New Hartford.Gifts$1,000-$2,999Fitch Charitable Fund$500-$999Ann and Travers AuburnEllen Childs$250-$499Herbert H. HedickJennifer and John McCormick | in memory ofDavid Childs

Nancy and Norman RogersCaren and Gordon RossSt. John’s Episcopal Church, Pine Meadow | in memory of David Childs

Torrington Savings Bank

$100-$249George J. BakevichElaine and Richard CarmelichCarver Properties, Inc.Irene and Roger DietlinMichele FernSanita GingrasVicki and Ken HawkinsSusan HornAmy HudakJerram Winery, LLC

$100-$249Katherine KinaneMargot and David KrimmelDiane and Michael KurtzTimothy Lyman and Alden SmithMadeline McClave Patricia and James OkronglyWinifred and Leon PrattLinda and Douglas RothAndrea and Todd Russo

15

John RussoNatalie and Christopher SihpolLaura and Steven SundquistRobin and Richard WeissRegina WexlerJane Whitneyup to $99 $1,270 in gifts

Jim & Nancy Garfield Fund for the Artsest. 2002 Established by Mr. and Mrs. Garfield, this fundsupports cultural life in Northwest Connecticut.Gifts$100-$249Ann and Sandy MazeauGrants | $750 The American Mural ProjectNorthwest Connecticut Arts CouncilWarner Theatre

Richard M. Gilman Memorial Fundest. 2003 Mary Gilman began this fund to carry on the workof her late husband, Richard, whose efforts to helppeople extended from Torrington to Zimbabwe.

The Wayne M. Gnazzo & Family Fund est. 2011 A lifelong Torrington resident, Mr. Gnazzoestablished this donor-advised fund to supportcharitable endeavors in Northwest Connecticut.

The G&G Educational Foundation Edwardand Rachel Wang Family Fund est. 2016Established by the Edward C. Wang, this fundsupports initiatives, scholarships and programmingthat deepen the knowledge and understandingbetween China and America and address thehuman services needs of Asian people andcommunities in the United States.Gifts$3,000-$4,999G&G Educational Foundation

The G&G Educational Foundation JamesP. Wang Family Fund est. 2016 Established by the James Payton Wang, this fundsupports initiatives, scholarships and programmingthat deepen the knowledge and understandingbetween China and America and address thehuman services needs of Asian people andcommunities in the United States.Gifts$3,000-$4,999G&G Educational Foundation

The G&G Educational Foundation JoWang and Kiau Loi Family Fund est. 2016 Established by the Jo Ann Loi family, this fundsupports initiatives, scholarships and programmingthat deepen the knowledge and understandingbetween China and America and address thehuman services needs of Asian people andcommunities in the United States.Gifts$3,000-$4,999G&G Educational FoundationGrants | $3,300Chinatown Museum FoundationOberlin ShansiRunning Start - Bringing Young Women to PoliticsUnited Board for Christian Higher Education in Asia

United East Athletics Association

The G&G Educational Foundation NancyA. Wang Family Fund est. 2016Established by Nancy Ann Wang, this fundsupports programming, initiatives, andscholarships that deepen the knowledge andunderstanding between China and America, andaddress the human services needs of Asians andtheir communities in the United States.Gifts$3,000-$4,999G&G Educational Foundation

Sue Grossman Still River Greenway Fundest. 1999 Created by the Still River Greenway committees ofTorrington and Winsted, this fund supports theconstruction of a five-mile path for bicycling andwalking between towns.

The Jeff and Diane Johnson CommunityEnhancement Fund est. 2015 Established by Diane E. and James F. Johnson, thisdonor-advised fund primarily supports thecharitable, scientific, or educational initiatives in oraffecting the people of Goshen.GiftsDiane and Jeff Johnson

Jeffrey and Susan Lalonde CommunityBetterment Fund est. 2005 Established by Jeffrey and Susan Lalonde, this fundsupports efforts to improve the quality of life inLitchfield County.Grants | $4,250Cancer Care Fund of the Litchfield HillsFISH of Northwestern ConnecticutKidsPlay Children's MuseumLitchfield Community Center, Inc.Litchfield Community Services FundNorthwest Connecticut Community Foundation

16

Donor-Advised Funds continued

Jeffrey and Susan Lalonde CommunityBetterment Fund continuedNorthwest Connecticut YMCAOliver Wolcott Library, Inc.The Torrington LibraryWarner TheatreWhite Memorial Conservation CenterWisdom House Retreat and Conference Center

Richard Leone COCC Fund est. 2004 Mr. Leone, president of Avon-based COCC,established this fund to benefit local charities.Formerly Connecticut Online Computer Center,Inc., COCC is a leading provider of technology forcommunity banks and other financial institutionsin the region.

Local Area Fund est. 2002 Established anonymously, this fund furthers thephilanthropic goals of a local donor family.

The Merz Family Fund est. 2016 This fund supports charitable, religious, andeducational initiatives in Northwest Connecticut.

Miles for Moe Fund est. 2011 Established by Torrington residents Emil andColleen Renzullo, this donor-advised fund honorsthe memory of their son by supporting LARC’scamp for children with and without special needs.The camp’s namesake, Emil “Moe” Renzullo, Jr.,succumbed to leukemia in 2010 at age 12.Gifts$1,000-$2,999ArconicMaureen Hannon and Randall PattersonLinnea and James MescallGail J. Renzullo

$500-$999Laura and Gregory GargerMark MalloyAndrew PaceGregory Susla

$250-$499Allan BorghesiRoland BoutinCharlotte Hungerford Hospital AdministrationD.A.N.C.E. by KristinRobert F. Dwyer Esq.Litchfield BancorpJoel A. Markowski MD, FAAPNorth Torrington Veterinary HospitalO&G Industries, Inc.Progressive Paving and ConstructionSterling Sintered Technologies, Inc.Theroux, Nowell & Stoughton, LLCTorrington Savings BankVet's Explosives, Inc.

$100-$249Asbestos Management Company, LLCAlfred BonviciniBowen Agency, LLCElinor and Gerard CarboneIsabelle and Michael CarboneCollins Technical Services CompanyWilliam A. Conti, Esq.Raymond HallChristina and Danny HartnettHebrew 13:5 LLC d/b/a McDonald's #3752His Glory, LLC d/b/a McDonald's #14735His Hand, LLC d/b/a McDonald's #7809John 14:1 LLC d/b/a McDonald's #1006Thomas Howard and Jeanne RuwetKlebe Fuel CompanyCheryl and Tim KloczkoLitchfield County Pediatrics, LLCLinda and Robert LundbergMaria Seymour Brooker MemorialMatt 19-26 LLC d/b/a McDonald's #2809Matt 23:12 LLC d/b/a McDonald's #3246Eastside Electric, Inc.Abigail and John MooreNorthwest Community BankNorthwest Hills Credit UnionDr. Matthew N. PaganoJames PepperPetricone's Torrington PharmacyPizzeria MarzanoPsalm 37 4-5 LLC d/b/a McDonald's #25928Denise SehnalRonald WeingartUp to $99$4,682 in gifts Grants | $21,263 Charlotte Hungerford Hospital AdministrationLARC, Inc.The Gilbert SchoolTorrington Football Letterman's ClubTorrington Middle SchoolTorrington Raider Football, Inc.Torrington Varsity Alumni Club

Robert C. Miller and Carol H. Miller Fundest. 2006 This fund benefits area charitable organizations.

The Cara and Carl Muller Fund forCommunity Support est. 2006The Mullers created this fund to support emergingcommunity needs.Gifts$1,000-$2,999Carl’s True Value | in honor of Jeff Champion'sfather "Champ" and in memory of Jane Birnn,Mary DeMaria, Sean Lafferty, Frank Pokrinchak,Nona Swanson, and Jim Verlato

New Hartford Education Fund est. 2006 Grants from this fund support educationalinitiatives in the town of New Hartford.Grants | $5,861New Hartford PTO

The Molly O’Connell Fund est. 2011 This fund, established by family of the late MollyO’Connell, supports charitable, scientific, oreducational initiatives.Giftsup to $99$50 in gifts

One Twenty One Fund est. 2013 This fund supports charitable, scientific andeducational initiatives in Northwest Connecticut.

Brian J. O’Neil Memorial Fund est. 2004This fund was established in memory of Mr.O’Neil, a native of Winsted, after his untimelydeath on December 3, 2004, at age 50. Thehusband of Gail Williams O’Neil, Mr. O’Neil was arespected businessman and graduate of TheGilbert School and Central Connecticut StateUniversity.

Gifts$500-$999Sandy and David Dolinsky$100-$249High Five for Bri Girls | in memory of Brian J. O'Neil Terry and Todd Hallup to $99$50 in gifts

Barbara Oneglia Alvarez Tycienski Fundest. 1994 Established in honor of the late Barbara OnegliaAlvarez Tycienski, this fund was established tosupport youth organizations within theCommunity Foundation’s service area.Gifts$500-$999The Francis J. & Louisa J. Oneglia Foundation, Inc.

Robert B. and Cheryl Freehill Pauls Fundest. 2015 Established by Robert and Cheryl Pauls, this fundsupports the arts—visual and performing—andarts educational initiatives in NorthwestConnecticut and beyond.Gifts$20,000-$24,999Cheryl and Robert PaulsGrants | $3,750Cornwall Library AssociationLitchfield Performing ArtsNutmeg Conservatory for the ArtsWarner Theatre

Andrew Pike Memorial Fund est. 2010 Established by family of the late Andrew Pike, thisdonor-advised fund supports charitable endeavorsin Northwest Connecticut.

John A. Ponte Memorial Fund est. 2004 Established by Mr. Ponte’s friends and family, thisfund is named for a popular Torringtonbusinessman. Gifts$100-$249Rose Ponte

Rebensacla Fund est. 2010 Established anonymously, this fund supportscharitable initiatives in Northwest Connecticut.Grants | $600Trinity Lime Rock Episcopal Church

Virginia and Joseph Ruwet Fund est. 2016 This fund was established to honor life-longTorrington community members Virginia andJoseph Ruwet.Gifts $1,000-$2,999Thomas Howard and Jeanne Ruwet

Northwest Hills Fuel Bank Fundest. 2017This fund provides emergency fuel assistancefor residents of Canaan, Cornwall, FallsVillage, Kent, Salisbury, Sharon, and Warren.Giftsup to $99$50 in giftsGrants | $3,273.11Northwest Hills Council of Governments

Northwest Building HealthierCommunities Fund est. 2017This fund established by The CharlotteHungerford Hospital, a partner of HartfordHealthcare, supports economic and communitydevelopment through the lens of socialdeterminants of health. Focus areas forinvestment include: business growth andretention, educational and workforcedevelopment, strategic economicpartnerships and regionalism, housing andtransportation, as well as matters of socialwell-being. Its central purpose is theimprovement of daily life for residents of thegreater Torrington area. GiftsCharlotte Hungerford Hospital Administration

17

JoAnn Ryan Fund est. 2003 This fund was established to support various localcharities.

Polly and Wesley Strand and James L.Holmes Fund for Programs for Womenand Children est. 2006Torrington businesswoman Susan Strandestablished this fund to honor her late parents,Polly and Wesley Strand, and her uncle, James L.Holmes, for their devotion to community service.

Torrington-Winsted Rotary Non EndowedFund est. 2002 The Torrington Rotary established this fund tosupport its continued service to the community.Gifts$1,000-$2,999Allan Borghesi$250-$499Torrington Winsted Area Rotary Club$100-$249JoAnn and Harry BriggsCarl’s True ValueBrenda DiCarlo, LLCFrank H. Finch, Jr., Esq.Logan & Mencuccini, LLPDonna and Brian MattielloGerald H. Michalowski, CPA & Karen Michalowski, EA

Marion and Victor Muschellup to $99$100 in gifts Grants | $3,619.90Torrington Winsted Area Rotary Club

Seth L. Tracy Memorial Fund for SpecialNeeds est. 2004 Established by the family of Seth Leo Tracy, thisfund honors Seth’s memory with grants toorganizations that serve individuals with specialneeds.Grants | $500Operation Overflow

Weigold Family Fund est. 2001This fund awards annual grants to nonprofitorganization’s that assist children with disabilitiesor terminal illnesses. Grants | $649.09Shriners Hospital for Children, Orthopedics Dept.

The Women & Girls Fund est. 1999 Established as a giving circle in 1999 by a smallgroup of women who shared a concern for thereal-life needs of local women and girls, theWomen & Girls Fund has grown to more than 200supporters who help women and girls developskills, attain economic security, and improve theirquality of life.Gifts$1,000-$2,999Barbara DughiStronger Women/Stronger World 5KTorrington Savings Bank$500-$999Christopher BrighamDymaxNorthwest Connecticut Community FoundationJudy Staubo$250-$499Judy and David AddazioJoAnn BriggsJoyce BriggsJulia DeMichielAnthea DisneyClaire and Robert DombiAnna HeysBarbara MillarChristine Puglio | in honor of Christopher WallLesa and Thomas Vanotti | with Torrington SavingsBank match

Elizabeth Whalen, M.D.$100-$249Judi ArmstrongAnn and Travers AuburnKathryn and Gerald Baker | in memory ofGenevieve "Ginger" Swoyer

Cynthia BarrettCarol BarronTina BernackiJoanne BorduasSusan and David Carroll | with Torrington SavingsBank match, and in memory of Zena Temkin

Frank J. ChiaramonteHope S. ChildsHon. Margaret CooleyJanet CosgroveEllen CulbrethMary Lee and Robert Dunn

18

Donor-Advised Funds continued

Nolin Selby Fund est. 2017Established by a local philanthropic couple,this fund supports various charitable initiativesin Northwest Connecticut.GiftsMargaret and Adrian Selby

The Women & Girls Fund continuedMarie C. GervasiniBetsy and Bill GoffMaria GonzalezAmanda S. HillLynn Ray HoopesFarida and Ghulam JilaniKatherine KinaneDiana Larocco Corky and John LavieriDiane and Mark LibbyEileen and Peter LitwinKerwin MayersJacqueline and Philip MillerKathryn and Frederick MinckGayle MoraskiVictoria PatrickJennifer Paul | United Way of Northwest CT GivingJanet PetriconeMartha PhillipsHeidi Picard-Ramsay Faith PoliquinSusan ReaRobin Ruwet-TurpinEllen Sinreich | in honor of Barbara DughiMarlene and Christopher Smith | in honor ofBarbara Spiegel

Torrington Winsted Area Rotary Club | in memory of Roberta Lee August

Rachel Tway-Grant and Junior EnglishNancy WadhamsCarol WalzerHon. Roberta WillisSandra Zielinskiup to $99$3,854 in gifts Grants | $9,126.52Bakerville LibraryHousatonic Youth Service BureauKent Education Center & Nursery SchoolLARC, Inc.Northwest Connecticut YMCA, Winsted BranchWinsted Area Child Care Center

Youth Fund est. 2000 Established through the generosity of the Borghesifamily, the Youth Fund supports the CommunityFoundation’s Youth in Philanthropy program,which is designed to give young people a platformfor expression and innovation to bring about newand sustainable solutions to community issues.Through their participation in school-basedcouncils, students learn lifelong lessons aboutcharitable giving and volunteering. They makeannual grant recommendations based on theirexamination of issues impacting youth and theircommunity, and raise money for this endowedfund.Gifts$250-$499Judy StauboGrants | $2,500Torrington High School Central Treasury

T.J. Zappulla Fund est. 2017A lifelong Torrington resident, T.J. Zappullawas committed to the well-being andsuccess of the community. This fund honorshis commitment by supporting charitable,scientific, and educational initiatives inNorthwest Connecticut with a preference forsupporting access to housing for all, animalwelfare, and providing services for andcombating injustice to individuals of non-traditional gender identities.Gifts$100-$249in memory of Marian ZappullaDucci Kitchens, Inc.Robin and Michael MagistraliMarianne and Dick MaynardJon Zappullaup to $99$165 in gifts

19

Assets TotalsTemporarily

Unrestricted Restricted 2017 2016

Cash and Cash Equivalents $ 3, 374,886 $ 7,349 $ 3,382,235 $ 645,161Investments 106,306,827 120,000 106,426,827 92,901,291Beneficial Interest in Perpetual Trust 189,428 — 189,428 165,521 Beneficial Interest in Remainder Trust — 224,764 224,764 169,153Contribution Receivable 500 — 500 150,000Security Deposit 3,995 — 3,995 1,200Prepaid Expenses 19,178 — 19,178 7,705Fixed Assets(net of accumulated depreciation) 104,635 — 104,635 28,687

Total Assets $109,999,449 $ 352,113 $ 110,351,562 $ 94,068,718

Liabilities and Net AssetsLiabilities:

Grants Payable $ 1,279,110 $ — $ 1,279,110 $ 949,585Agency Endowment Funds 20,374,567 — 20,374,567 17,273,628

Total Liabilities 21,712,484 — 21,712,484 18,224,138

Net Assets:Unrestricted 88,286,965 — 88,286,965 75,549,418Temporarily Restricted — 352,113 352,113 295,162

Total Net Assets 88,286,965 352,113 88,639,078 75,884,580

Total Liabilities and Net Assets $109,999,449 $ 352,113 $110,351,562 $ 94,068,718

Total Assets1 $ 110,351,562

Operating Expenses2 $ 830,547

Operating Expenses as aPercentage of Total Assets .0075 (less than 1%)

Contributions $ 4,714, 981

Grants & Scholarships $ 4,015,299

1 Combined trust and corporate assets2 Does not include investment management fees orbeneficial interest estate fees

Statement of Financial PositionFor the year ended December 31, 2017, with comparable totals for 2016

Audited Financials

20

21

Statement of ActivitiesFor the year ended December 31, 2017, with comparable totals for 2016

Revenues, Gains and Other Support TotalsTemporarily

Unrestricted Restricted 2017 2016

Fund Contributions $ 4,558,575Less: Contributions

to Agency Funds (1,339,406) $ 3,219,169 $ — $ 3,219,169 $ 1,031,204 CIV of Split-Interest Agreements — 55,611 55,611 110,641Initiative Contributions 3,500 12,341 15,841 7,237Investment Income 13,195,112 — 13,193,112 4,362,932Miscellaneous Income 1,034 — 1,034 4,317Unfulfilled Grant Awards 1,873 — 1,873 2,073Investment Management Fees 142,994 — 142,994 125,359Seminar Income 8,000 — 8,000 515Net Assets Released from Restrictions 11,001 (11,001) — —

Total Revenues 16,585,418 59,951 16,643,369 5,667,578

ExpensesDirect Community Support (grants) 3,114,612 — 3,114,612 2,332,597Program Expenses 528,108 — 528,108 454, 231Management and General 246,243 — 246,243 209,971Fundraising Expenses 117,051 — 117,051 132,742

Total Expenses 4,006,014 — 4,006,014 3,129,541

Change in Net Assets 12,737,547 56,951 12,794,448 2,545,037

Net Assets – Beginning of Year 75,549,418 295,162 75,844,580 73,299,543

Net Assets – End of Year $ 88,286,965 $ 352,113 $ 88,639,078 $ 75,844,580

For a complete audit or 990, visit www.northwestcf.org or contact us at 860.626.1245

�

Investment PerformanceIn addition to benchmarking its performance against market-driven indices, the CommunityFoundation compares its performance against its community foundation peers nationally. From initial date of participation in the Council on Foundations national survey, NorthwestConnecticut Community Foundation consistently has ranked among the top of its peer group of$50 million – $99 million Community Foundations. In 2017, the Community Foundationwas ranked #4 out of 142 Community Foundations reporting nationally withinvestment returns of 18.4 percent.

22

The Northwest Connecticut CommunityFoundation prides itself on providing prudentstewardship of a sizeable community endowmentdesigned to benefit future generations ofNorthwest Connecticut citizens. Our investmentobjective is to maximize the endowment’spurchasing power by pursuing long-terminvestment results that exceed the spendingpolicy—the amount needed for grants andexpenses—plus inflation. This allows for sufficientand predictable growth to meet pressingcommunity needs while providing capitalpreservation into the future.

The oversight and assessment of the Foundation’sinvestments are conducted by its Board of Directorsand Investment Committee. Dedicated to thepursuit of strong returns within acceptable risktolerances, the Investment Committee employs anasset-allocation strategy designed to capitalize on awell-diversified portfolio that performs well duringa variety of market and economic conditions.

In doing so, the Investment Committee considerspast and expected future performance of availableasset classes, including investment strategies ofother community foundations, nonprofitendowments and charitable funds, along with avariety of widely accepted performancebenchmarks.

Performance

The 5-year net annual return ending December 31,2017, is 10.5%; and 7-year, 9.3%.

Returns Net of Investment Manager Fees

2017 2016Corporate 18.4% 3.9%Trust 15.9% 4.1%

For a complete set of our audited financialstatements, Form 990 or for information on ourinvestment policies and/or our InvestmentCommittee, please visit www.northwestcf.org orcontact us at 860.626.1245 orinfo@northwestcf.org.

2011 $1.2

2012 $2.2

Assets in Millions

2012 $71.6

2011 $48.73

2013 $80.7

Grants & Scholarships Awarded in Millions

2013 $3.5

2014 $87.1

2014 $3.4

2015 $87.8

2015 $4.4

Investment Report

2016 $3.1

2016 $94.1

2017 $4.0

2017 $110.4

Designated FundsDesignated Funds are established to provide grants to specified nonprofit organizations in perpetuity.Often created by bequest, these funds ensure a steady stream of annual income to the fundholders’favorite nonprofit organizations for as long as the nonprofit continues in the effective pursuit of its mission.

Mary H. Coutant Fund for Rising StarCamp est. 2001 Established in recognition of Mary H. Coutant’scontributions to the community, this endowmentsupports programs that benefit at-risk childrenthrough the Winchester Youth Service Bureauaged 5 to 15 by encouraging healthy choices andgoal-setting.Gifts$500-$999Sandra Roberts Grants | $1,750Winchester Youth Service Bureau

Gillian and Polly Fund est. 2001 This endowed fund supports Trinity EpiscopalChurch in Torrington and the Susan B. AnthonyProject.Grants | $350Trinity Episcopal Church

Dr. John S. Glenn Fund for Nurses est. 2000 Grants from this fund benefit clinical staff atCharlotte Hungerford Hospital. Gifts$100-$249Bette and Jerry Geci | in memory of Dr. John S. Glennup to $99$50 in gifts Grants | $1,500Charlotte Hungerford Hospital

Holley-Doremus Fund est. 2010 Established by the late Mary Holley Doremus ofHarwinton with the remainder of a trust createdduring her lifetime, this fund provides grants to avariety of area charitable organizations.Grants | $1,700 Susan B. Anthony ProjectCMHA/ Northwest Center for Family Service & MEHarwinton Historical SocietyHarwinton Land TrustNorthwest Connecticut Community FoundationTorrington Historical SocietyUnited Way of Northwest Connecticut, Inc.

Keroden Designated Fund est. 2002 Established anonymously, this fund providessupport for Charlotte Hungerford Hospital.

Litchfield Community Center Music Fundest. 2002 Established by the late Dan North, this endowedfund supports danceable music programs held atthe Litchfield Community Center.Grants | $11,900Litchfield Community Center

The Nutmeg Conservatory for the Arts wasawarded a grant from the Eva M. Coty Fundto replace an essential dance floor enablingdancers to train, rehearse, and perform on anon-slippery floor able to withstand repeatedimpact from pas (steps) and allegro (jumps).

�

23

24

Agency FundsAgency Funds are established by nonprofits to support their charitable needs. The CommunityFoundation handles the management and stewardship of their charitable assets to enable a stablesource of revenue for the nonprofit at a low cost. This frees the nonprofit and its board of directors toconcentrate on the pursuit of the nonprofit’s charitable mission.

American Legion Post 46 Fund forGoshen Community Care and Hospice,Inc. est. 2008 Established with donations from the Legion post,this fund supports the work of GoshenCommunity Care and Hospice.

Susan B. Anthony Project Funds est. 2007 These funds support the Susan B. Anthony Projectand its affiliated agencies. The Susan B. AnthonyProject promotes safety, healing, and growth forall survivors of domestic and sexual abuse andadvocates for the autonomy of women and theend of interpersonal violence:Susan B. Anthony Project Capital Improvement Reserve Fund

Susan B. Anthony Project Endowment Fund

Giftsup to $99$75 in gifts

The Beekley Library Funds est. 2010 This collection of designated agency fundssupports the charitable, scientific and educationalpurposes of and capital improvements to The Liciaand Mason Beekley Community Library andmaintenance of the library’s piano and gardens: The Beekley Library Capital Fund The Beekley Library Future Building ConstructionFund

The Licia Beekley Garden and Winar Piano FundThe Licia & Mason Beekley Community LibraryEndowment Fund

Lee Tangarone Memorial Fund for Children'sPrograms and Collections

The Cancer Care Fund of the LitchfieldHills est. 2004 This fund provides complementary therapyprograms, such as massage therapy, oncologynutrition, social work services and yoga, andprovides financial support for cancer patients inactive treatment. During 2017, more than 265individuals donated more than $118,000 most inmemory of loved ones. For a complete list of gifts,please contact The Center for Cancer Care P.O.Box 1801 Litchfield, CT 06759

Chore Service Endowment Fund est. 2009 This designated agency fund supports ChoreService, Inc. in perpetuity, a nonprofit that helpssenior and disabled residents of Canaan, Cornwall,

Falls Village, Kent, Norfolk, Salisbury, and Sharonstay at home safely and independently.Gifts$100-$249Hon. Margaret Cooley

Cornwall Conservation Trust Funds est.2005-2016 These funds are used for land acquisition andmanagement with the aim of preserving unspoiledopen space for the benefit of the community atlarge. In addition to these funds, the StudentGrants Fund provides scholarships to Region 1students who demonstrate a concern for theenvironment: Bennett Stewardship Fund Brokaw Stewardship FundCooley Stewardship Fund Dodd Stewardship Fund Endowment FundFox/Lane Stewardship Fund General Stewardship Fund Hare Stewardship Fund Hart Stewardship Fund Hofer Stewardship Fund Ives Stewardship Fund Operating Fund Prud’homme Stewardship Fund Rattlesnake Preserve Stewardship Fund Reserve Fund Rogers Stewardship FundSelby Stewardship FundTrinity Forest Stewardship Fund VanValkenburgh/Burkardt Stewardship Fund Walker Stewardship FundGiftsup to $99$50 in gifts

The Cornwall Foundation General Fundest. 2002-2014 This fund supports The Cornwall Foundation, Inc.,a nonprofit organization dedicated to enhancingthe quality of life for residents of Cornwall.

Cornwall Historical Society Fundsest. 2012-2014 These funds support the charitable, scientific andeducational mission of the Cornwall HistoricalSociety with current income and long-termstability: Cornwall Historical Society Endowment Fund Cornwall Historical Society-Norman Dorsen Fund

Gifts up to $99$50 in gifts

Cornwall Library Fund est. 2008 Established through the Edwards CommunityEndowment Project, this permanent fundcontributes to the library’s long-term stability. Gifts$100-$249Hon. Margaret Cooley

Foundation for Norfolk Living, Inc. Fundest. 2006 This agency pass-through fund supports thecharitable purposes of the Foundation for NorfolkLiving.

Friends of Hospice Funds est. 2002-2007 Multiple agency funds support Friends of Hospice,the foremost provider of services for terminally illresidents of Litchfield, Harwinton and Torrington: Friends of Hospice Endowment Fund Friends of Hospice Mildred S. Pascale FundFriends of Hospice Rockefeller Fund

Goshen Community Care and HospiceFund est. 2005 Grants from this fund are used to help financehealth care in the town of Goshen, especially forthe elderly and chronically ill.

Goshen Historical Society Fundsest. 2008-2011These agency funds support the long-term needsand capital needs of the Goshen Historical Society: Goshen Historical Society Capital Fund Goshen Historical Society Endowment Fund

Goshen Public Library Endowment Fundest. 2006 This fund supports the Goshen Public Library inperpetuity.

Bernice H. Harmon Hospice Fund est. 2012 This endowed fund provides current income andlong-term protection for the operations of theGoshen Community Care and Hospice, Inc.

Harwinton Library Friends Fundsest. 2012-2015These agency funds support the mission ofHarwinton Library Friends as well as charitablescientific or educational initiatives in Harwinton: Harwinton Library Friends Fund Harwinton Library Friends-Stasia MotuzickEndowment Fund Giftsup to $99$50 in gifts

Heritage Land Preservation Trust Fundsest. 2008 These funds support the charitable purposes ofthe Heritage Land Preservation Trust: Heritage Land Preservation Trust Endowment Fund Heritage Land Preservation Trust Fund Heritage Land Preservation Trust Northwoods Fund

Theodore A. Hungerford MemorialMuseum Association Endowment Fundest. 2010 This designated agency fund supports themuseum and its mission in perpetuity.

The Institute for American Indian StudiesFund est. 2015 This endowed designated agency fund supportsThe Institute for American Indian Studies in itscharitable mission to preserve and promote thespirit of the first people.

Litchfield Community Center ReserveFund est. 2014 This agency fund supports the operations andcapital needs of the Litchfield Community Centerand its charitable, social, and educationalinitiatives.

Litchfield Garden Club Centennial Fundest. 2013 This agency fund was established to further theLitchfield Garden Club’s charitable mission toeducate members and the public in scientific andartistic methods of gardening, stimulate interest inhorticulture, encourage and assist in civicbeautification, raise environmental awareness, andprotect and conserve our national and historicheritage.

The Little Guild Funds est. 2011-2012These funds provide for long-term needs andsupport the charitable efforts of The Little Guild ofSaint Francis, provide protection for operations,and support the charitable efforts of the shelterfor homeless pets: The Little Guild Endowment Fund Giftsup to $99$75 in giftsThe Little Guild Operational FundGifts$500-$999Elizabeth and James Fishman

Norfolk Connecticut Children’sFoundation Fund est. 2016 This fund supports the charitable mission of theNorfolk Connecticut Children's Foundation that noNorfolk child should be denied civic, educational,social, or cultural enrichment opportunitiesbecause of financial need.

25

The Norfolk Foundation Fund est. 2015 This fund supports the charitable purposes of theNorfolk Foundation, contributing to thesustainability and revitalization of Norfolk inrelationship to the area’s natural, artistic, andcultural attractions.

Northwestern CT YMCA Fundsest. 2007-2011These agency funds provide operational supportand perpetuate the charitable purposes of theNorthwestern Connecticut YMCA and support theYMCA’s efforts to nurture the development andleadership potential of area children and teens: Northwestern CT YMCA Designated Project Fund Northwestern CT YMCA Endowment Fund Northwestern CT YMCA Fund Northwestern CT YMCA Youth Leadership Fund

Railroad Museum of New England – HazelKoch Fund est. 2005 This fund supports the Railroad Museum of NewEngland in perpetuity.

The River Stewards of Tomorrow Fundest. 2009 Proceeds from this designated agency endowmentsupport the Housatonic Valley Association’sconservation efforts by educating and trainingfuture generations to be stewards of theenvironment.

The Sharon Woman’s Club ScholarshipFund est. 2014 This fund furthers the charitable mission of theSharon Woman’s Club to stimulate and encourageall efforts toward intellectual, and socialbetterment in the home and in the community.

The Taconic Learning Center Fundest. 2014 This agency fund supports the charitable missionof the Taconic Learning Center to provide theopportunity and resources for lifelong educationand self-development for residents of NorthwestConnecticut and adjacent communities in NewYork and Massachusetts.

Torrington Veteran’s Memorial Wall Fundest. 2013 This fund supports the maintenance of theVeteran's Memorial Wall located at 140 MainStreet, Torrington, as well as the Association'scharitable work to honor and memorialize localveterans and educate the public about the role oflocal veterans throughout history.

United Way Funds est. 2005-2011These funds support the local United Way’songoing operations and support agencyoperations: United Way of Northwest Connecticut’s “1943 Society” Fund

United Way of Northwest CT UnrestrictedOperating Fund

VNA Northwest Endowment Fundest. 2016 This endowed agency fund was established tosupport the VNA Northwest CT’s charitablemission to provide home health, hospice andwellness programs in a professional and caringmanner to residents of Litchfield County. Gifts$500-$999Dwight Keeney$100-$249Hon. Margaret CooleyGifts under $100$25 in gifts

26

Agency Funds continued

The Sharon Ambulance Fund est. 2017The Sharon Ambulance Fund supports thepurchase of ambulances.

Sharon Fire Department Funds est. 2017These funds support the mission of theSharon Fire Department: Sharon Fire Department John Morgan Fund Sharon Fire Department Operations Fund

Sharon Land Trust Funds est. 2014-2017 These funds support the protection andpreservation of lands with special scenic,natural, environmental, recreational, historic,or agricultural value for the rural atmosphereof the town of Sharon. The Mary Moore Fundprovides land stewardship for the naturepreserve or sanctuary bequeathed to theSharon Land Trust by Mary Moore: Mary Moore Fund Sharon Land Trust Endowment FundSharon Land Trust Quick Strike AcquisitionFund

Sharon Land Trust Stewardship & ProtectionFund

Warren Public Library Fund est. 2016 This fund supports the Warren Public Library in itsmission to meet and anticipate the community’sintellectual and social needs, including providing aplace for the discovery and exploration of ideas.

Washington Art Association, Inc. Fundsest. 2009-2015These agency funds support the charitablepurposes of the Washington Art Association:Washington Art Association Capital CampaignFund

Washington Art Association, Inc. EndowmentFund

Washington Art Association, Inc. Fund

Washington Garden Club InvestmentFund est. 2015 This agency fund supports the charitable missionof the Washington Garden Club to developknowledge of and a love for gardening among itsmembers and the public, to enhance the naturalbeauty of the Washington, Conn., communitythrough civic plantings, and to promote theconservation of natural resources.

Winsted Area Child Care CenterEndowment Fund est. 2012 This fund provides current income and long-termsecurity for the Winsted Area Child Care Center.

Winsted Health Center Foundation Fundest. 2016 This fund supports the Winsted Health CenterFoundation in perpetuity as the Foundation worksto establish and maintain healthcare servicesprimarily in Winchester, and the surroundingcommunities, to conduct education programs forthe benefit of the public at large and to expandeconomic stability in the community through theprovision of healthcare-related employment.

Wisdom House Endowment Fund est. 2004 This endowment provides funding to support themission of Wisdom House, a center for spiritualgrowth since 1949.

YMCA Camp Mohawk Funds est. 2006-2008Arlene Foulds Memorial Fund This fund, established in memory of Arlene Foulds,supports the YMCA’s Camp Mohawk for girls.

Cindy Morse Leadership Development Fund Proceeds from this fund, established in memory ofCindy Morse and her inspirational leadership as adirector and trustee of the camp, support theYMCA’s Camp Mohawk for Girls in perpetuity.

The Warner Theatre SustainabilityFunds est. 2015-2017These agency funds support the efforts of theWarner Theatre toward the development ofperforming, visual and literary arts throughmedia presentations and local communitystage productions; the providing of a venuefor local and regional organizations, as well as national touring companies and artists; theproviding of educational opportunities to all,and the preservation and maintenance of thehistorical Warner Theatre building, NancyMarine Studio Theatre and the WarnerCampus:The Warner Theatre Sustainability FundThe Warner Theatre Sustainability Fund –Non Endowed Gifts$100-$249Rose Ponteup to $99$25 in gifts

The American Mural Project (AMP) wasawarded grants from an anonymous fund aswell as from the Jim & Nancy GarfieldFund for the Arts, as the nonprofit createsthe largest indoor collaborative artwork in theworld—a mural 120 feet long, 48 feet high,and up to ten feet deep.

The Draper Foundation Fund awardedAMP a grant in support of the Digital ContentDevelopment Project, which provides anextensive archive of digital material for exhibittours, online education and communications.

Learn more about the Draper FoundationFund at www.northwestcf.org/draper-foundation-fund

�

27PHOTO BY JUDY GRIESEDIECK

28

Mary Ellen Adamo Scholarship Fundest. 2004 Established by the family of Mary Ellen Adamo tohonor her memory, this fund provides tuitionassistance to female students at Torrington’sNutmeg Conservatory for the Arts.

Giftsin memory of Michael Adamo

$500-$999Kathy and Tom MettlingSusan Patterson$250-$499Marc Garrigus$100-$249Bordonaro FamilyLenore and Kevin CaseMary and Melvin ClemmerJanis Grape | in honor of Michele Adamo-PrifogleLaura LambCatherine and Edward McCannRemo, Kathy, and Greg RenzaAdrienne and Steven Suttonup to $99$720 in giftsScholarships$600 awarded to a Nutmeg Conservatory for the Arts student

Russell Anderson, Carmen BrooksAnderson, and Henry Vail BrooksScholarship Fund est. 2000This fund provides scholarships to graduatingseniors from Torrington High School who plan tomajor in industrial arts, teaching, or nursing.Recipients are chosen based on financial need,academic excellence, character and citizenship.

Scholarships$24,000 awarded to Torrington High School graduates

Betsy L. Bertoli Scholarship Fund est. 2001Recipients of this scholarship are graduates ofTorrington High School who plan to pursue acareer in accounting or businessadministration/management. Giftsup to $99$75 in giftsScholarships$350 awarded to a Torrington High Schoolgraduate

Khurshed Bhumgara Fund est. 2014 This endowed unrestricted fund was establishedthrough a bequest from Khurshed Bhumgara. Mr. Bhumgara retired in 2002 from a successfulcareer in capital and real estate development. He settled in Sharon, Conn., where he workedtirelessly to support and steward the nonprofits of the Northwest Corner, including serving as a Community Foundation board member for many years.GiftsEstate of Khurshed BhumgaraScholarships$11,050 awarded to 24 Northwest Connecticutstudents

Russell F. Bruno Scholarship Fund est. 2001 This fund provides an annual award to aTorrington High School graduate who has excelledin English and plans to pursue college studies inwriting, literature, journalism, or related fields.

Scholarship and Academic Award FundsScholarship and Academic Award Funds are established to support educational purposes. Fundholderscan restrict a scholarship fund to students attending a specific educational institution or pursuingspecific courses of study. Community Foundation staff work with guidance counselors and coaches tolocate eligible students, facilitate the application process and award recipients.

“Thank you for your generositythat has expanded my future.”Freshman at Clark University, studyingBiology and biomedical sciences

“Your generosity has inspired meto help others in my community.I hope one day I will be able tohelp students just as you havehelped me.”Junior, studying human services atNorthwestern Connecticut CommunityCollege

�

�

Jack and Ruth Calder Scholarship Fundest. 2002 This scholarship benefits deserving high schoolgraduates from Barkhamsted, Colebrook, Goshen,Hartland, Harwinton, Litchfield, New Hartford,Norfolk, Torrington or Winsted.Gifts $100-$249Penelope and Clement Sidlosky

Mae Casali Bonvicini Scholarship Fundest. 2001 This scholarship was established to benefitoutstanding graduates of Torrington High Schoolwith financial need who are pursuing degrees atfour-year colleges or technical schools.

Steven A. Chupka Memorial ScholarshipFund est. 2001Recipients are graduates of Oliver WolcottTechnical High School who demonstrate financialneed, academic merit and community service.Preference may be given to students with anacademic focus in electronics, but studentspursuing other fields of study also are eligible to apply.

Gifts$100-$249Geraldine Zimmerman | in memory of Paul Zimmerman

Tim Considine Memorial ScholarshipFund est. 2013 Established in honor of beloved communitymember Tim Considine, this fund provides supportto Torrington residents currently enrolled as seniorsin a high school or vocational technical schoolwho are seeking admission to an accrediteduniversity. Preference is given to students whoparticipate in school and/or organized sports while demonstrating academic achievement and a commitment to organized religion and who display exemplary character through eitherextracurricular accomplishments or communityservice.

Gifts$5,000-$9,999Tee It Up for T. Cons$100-$249Terina and Michael Smith

Dick Cooke Memorial Scholarship Fundest. 2001 This fund benefits Torrington High Schoolgraduates who demonstrate financial need,academic merit, and community service.

Cornwall Conservation Trust StudentGrants Fund est. 2008 The Student Grants Fund provides scholarships toRegion 1 students who demonstrate a concern forthe environment. Scholarships$3,050 awarded to local students

Jeannine and Gerald Coutu MemorialFund est. 2008 This fund was established by the three Coutuchildren in honor of their parents, longtimeresidents of Canton.

Edward W. Diskavich Scholarship Fundest. 2016 Mr. Diskavich established this fund through hisestate planning to support the educational goalsof graduates of Oliver Wolcott Technical School.Scholarships$9,550 awarded to 10 graduates of Oliver Wolcott Technical School

Frances H. Ducci Scholarship Fundest. 2003 Mrs. Ducci, who was a resident of New Hartford,established this endowed scholarship fund tobenefit graduates of a public high school whoreside in the Community Foundation’s service areaGiftsin memory of Frances Ducci$1,000-$2,999Paul DintoElaine and Paul Dintoup to $99$25 in gifts Scholarships $5,000 awarded to four Northwest Cornerstudents

Marion Wm. Edwards Scholarship Fundest. 2000 This scholarship benefits Torrington High Schoolgraduates who are continuing in Italian studies.Scholarships$300 awarded to a Torrington High Schoolgraduate

Michele Farley Pittler Scholarship Fundest. 2002This memorial fund provides scholarships toTorrington High School graduates based onfinancial need, academic merit, and communityservice.Scholarships$1,500 awarded to two Torrington High Schoolgraduates

29

Scholarship and Academic Award Funds continued

30

Charles and Pierina Fossati ScholarshipFund est. 2009 Established through a bequest by Eleanor Fossatiin memory of her parents, this scholarship isawarded to Torrington High School graduateswho demonstrate financial need, exemplarycharacter and academic achievement.Scholarships$1,000 awarded to a Torrington High School graduate

Health Care Auxiliary Scholarship Fundest. 2016This fund supports the educational goals ofRegion 1 students pursuing a career in thehealthcare field.Scholarships$5,000 awarded to two students pursuing careersin healthcare

Italian-American Republican ClubScholarship Fund est. 2000 Recipients are Torrington residents of Italiandescent entering their junior or senior year ofcollege who are majoring in political science,government, history, or pre-law.

Diane and Jeff Johnson Scholarship Fundest. 2009 This scholarship fund benefits Goshen residentsbased on financial need and extracurricularaccomplishments. Scholarships$7,000 awarded to two Goshen students

Earle R. Julian Scholarship Fund est. 2005 Established by Elizabeth Julian in memory of herlate brother, this scholarship benefits pastgraduates of St. Anthony School who plan topursue a career in accounting.

John A. and Ann K. Mettling ScholarshipFund This fund was established in honor of John andAnn Mettling. Gifts$500-$999JoAnn RyanScholarships$500 awarded to a Northwest Corner student

Kenneth K. Mills Scholarship Fundest. 2006 Per the will of Mr. Mills, this fund providesscholarships to Shepaug Valley Regional HighSchool graduates who will be attending RutgersUniversity.

Friends of John Ponte MemorialScholarship Fund est. 2010Established in tribute to a prominent Torringtonbusinessman and community activist who diedunexpectedly in 2004 at age 44, this fundprovides scholarship support for graduating highschool athletes who exemplify traits possessed byMr. Ponte, including character, leadership,scholarship and athletic achievement. Giftsup to $99$50 in gifts Scholarships$2,000 awarded to four Northwest Cornerstudents

The Rivera Family Fund for Arts andMusic est. 2015 Established through a bequest from Torringtonresident Mary Elizabeth Rivera, this fund supportsthe advancement of the arts and music throughscholarships.Gifts$100-$249Carol Marine

Alan Silano Memorial Scholarship Fundest. 2007 This fund was established in memory of Torringtoneducator Alan Silano.

Arthur R. Smith Scholarship Fundest. 2001 This fund was established in memory of avenerable teacher at South Kent School. Eachyear, the faculty designates a scholarship recipientwho exemplifies traits possessed by Mr. Smith,including intellectual curiosity, moral integrity, anda sense of humor. Gifts$100-$249James MontanaroScholarships$700 awarded to two students

Southwest School Scholarship inMemory of Marion Wm. Edwards Fundest. 2000 Established in memory of Marion Wm. Edwards byhis wife, the late Alice Fabro Edwards, this fundmakes an annual award to a Torrington HighSchool graduate who also graduated fromSouthwest Elementary School in Torrington. Scholarships$500 awarded to a Torrington High School graduate

Apolonia Stanulis Scholarship Fundest. 1997 Through a bequest in his will, Vincent J. Stanulisestablished this endowment to honor his mother.Recipients are residents of the CommunityFoundation’s service area who are entering anyyear of undergraduate or graduate school. Scholarships$27,550 awarded to 48 Northwest Cornerstudents

Torrington High School Scholarship FundsA collection of scholarships that support thecontinuing education of graduates of TorringtonHigh School.ScholarshipsIn 2017, $12,750 awarded to 25 Torrington HighSchool seniors.

Anthony "Frank" Amicone Memorial ScholarshipFund

Stephen G. Andre Memorial Scholarship FundRegina Tate Balfe Memorial Nursing ScholarshipFund

David R. Bennett Scholarship FundErman Cavagnero Memorial Scholarship FundFred J. Coffin Memorial Scholarship FundShawn Collins Memorial Scholarship FundEva M. Coty Memorial Scholarship FundHelen H. Dautrich Scholarship FundJohn Denza Memorial Scholarship FundCornelius Donahue Memorial Scholarship FundRobert G. Doyle Memorial Scholarship FundBob and Ray Good Scholarship FundFlorence Hakalski Scholarship FundMichael G. Haschak Scholarship FundFrank Kalinowski Memorial Scholarship FundRobert J. Lariviere, Jr. Memorial Scholarship FundTorrington Lithuanian Mutual Benefit ClubScholarship Fund

Robert C. & Margaret G. Lizotte Art Scholarship Fund

Julia McDonnell/Henry Fries Scholarship FundGifts in memory of Henry Fries$100-$249Roy and John FredricksenMary and Joseph Romanup to $99$275 in gifts

Frank "Frankie" J. McGowan, Jr. Memorial Scholarship Fund

James Murphy Memorial Scholarship FundVictor Muschell, Sr. Memorial Scholarship FundNorth School PTO Scholarship FundNursing/Industrial Arts Scholarship FundPiemontese Club Memorial Scholarship Fund

Leonard Rendino Scholarship FundJoseph and Bernice Repas Scholarship FundMargaret Ringstad Riefe Scholarship FundDr. Shenoi & Family Scholarship FundJeff Stannard Memorial Scholarship FundGifts $500-$999Darlene and Lucian StannardNellie J. Sullivan Memorial Scholarship FundMariantonia Tate Memorial Allied HealthScholarship Fund

Temkin Family Valedictory Award FundTHS Student Council Scholarship FundFrederick J. Wilcox Sportsmanship ScholarshipFundGifts$500-$999Marcia DoyleMaletta Pfeiffer & Associates, LLC$100-$249East School Robert Kelly Scholarship FundMary Ellen and Ronald PeasleyGiftsin memory of D. Robert Kelly$100-$249Marilyn and Roger AdamsMaura and John LeearMary and Joseph RomanMary Ann and James Scaiaup to $99$325 in gifts Elizabeth & Santo Fainelli Scholarship FundJoseph Farrington Memorial Scholarship FundKathleen T. Finn Memorial Scholarship FundGifts$100-$249Alfred J. Finn

Torrington UNICO FoundationScholarships est. 2010A composite of 14 annual awards named forprominent community leaders and UNICOmembers, these scholarships assist area youth withthe cost of higher education in perpetuity.

GiftsFiore and Edith Petricone Scholarship$250-$499 Judith and Peter Lynch Janet and Robert Petricone Stephen Petricone In 2017, $25,600 was awarded to 22 NorthwestCorner students; $1,000 was awarded for theAbate Award

31

Albert C. and Rose Turri Scholarship Fundest. 2010 Established by family of the late Albert C. Turri,this scholarship supports area students pursuingpostsecondary degrees in the fields of electricalengineering or electronics. The fund honors Mr. Turri’s legacy as founder of Turri Electric Co. in 1946. Scholarships$5,400 awarded to three Northwest Cornerstudents

United Nations Association of NWConnecticut Scholarship Funds The UNA scholarship funds support a UnitedNations Association scholarship administered byThe United Nations Association. Scholarshipsbenefit graduates of public high schools inNorthwest Connecticut. Recipients demonstrateacademic merit, interest in international issues,foreign language proficiency, and a commitmentto social betterment. United Nations Association of NW Connecticut Scholarship for International Cooperation inmemory of Lisl C. Standen | est. 2009 Scholarships $14,000The United Nations Association of ConnecticutScholarship Fund | est. 2015 Scholarships $14,000

Westside School Association/HarryArsego Memorial Scholarship Fundest. 2001 This scholarship supports students attending theWarner Center for Performing Arts with tuitionexpenses.

James P. and Mildred Gregg ZuccoScholarship Fund est. 2001 This scholarship supports graduates of The GilbertSchool, Oliver Wolcott Technical High School, andNorthwest Regional District 7 High School.Selection is based on financial need, academicmerit, and community service. Scholarships$9,000 awarded to 12 Northwest Corner students

“This scholarship has greatlyhelped reduce the financialburden on my family, and we are immensely grateful.”Freshman studying biology at theUniversity of Rochester

32

Scholarship and Academic Award Funds continued

Charitable Remainder TrustsCharitable Remainder Trusts (CRTs) provide income for donors and/or their family members for a fixednumber of years. Then, the balance is transferred to the Community Foundation to be used towarddonor’s specific charitable interests.

Joshua Girolimon CRT Fund est. 2010 This fund was established by the family of JoshuaGirolimon to support his medical needs during hislifetime. In the future, the Community Foundationwill use proceeds from the remainder of the trustto support nonprofits in his honor.

Frank and Vivienne Vanoni CRT Fund est. 2005 Established by Dr. Vanoni and his late wife,Vivienne, this fund provides income for Dr. Vanoniduring his lifetime. In the future, the CommunityFoundation will use proceeds from the remainderof the trust to support nonprofits in their honor.

�

33

Supporting OrganizationsSupporting Organizations are similar to private foundations in that they operate with a separate boardof directors with grant-making responsibilities, but because they operate under the “umbrella” of theCommunity Foundation, they operate more efficiently and with the benefits of a public charity.Directors enjoy a high amount of involvement in their philanthropy while benefiting from theCommunity Foundation’s grant and investment expertise and administrative support.

Foundation For Community Health Foundation for Community Health supportsorganizations that work to maintain and improvethe physical and mental health of residents*served by Sharon Hospital and organizations thatprovide community healthcare services withinthose areas. *Canaan, Cornwall, Cornwall Bridge, Warren, EastCanaan, Falls Village, Goshen, Kent, Lakeville,Lime Rock, Norfolk, Salisbury, Sharon, South Kent,Taconic, West Cornwall in Connecticut, as well asthe New York communities of Amenia, Ancram,Ancramdale, Copake, Copake Falls, Dover Plains,Millbrook, Millerton, Pine Plains, Stanfordville,Wassaic and Wingdale. Grants | $18,900 Maria Seymour Brooker MemorialGreenwoods Counseling ReferralsNorthwest Connecticut Community FoundationPrime Time House

John T. and Jane A. WiederholdFoundation The John T. and Jane A. Wiederhold Foundationwas created for the purpose of protecting andimproving the welfare of animals of all kinds witha focus on cats and dogs, the promotion ofveterinary programs, and the protection ofwildlife, including endangered species, flora andfauna. Grants | $661,256Connecticut Humane SocietyCornell University College of Veterinary MedicineNew England Forestry FoundationNorthwestern Connecticut Community CollegeThomas J. O’Connor Foundation Animal Control and Adoption Center Foundation Inc.

Roaring Brook Nature CenterWestchester Land TrustWoodstock Land Conservancy

Library patrons enjoy the AWE Afterschool Edge Computers at the HarwintonPublic Library. The computers were purchased through a grant from theMiriam Mason Cable Trust Fund. The AWE program features more than 70 educational multi-curricular programs.

�

34

Thank you to the community leaders who gave generously of their time to serve on the NorthwestConnecticut Community Foundation Board of Directors and Committees in 2017.

Board of Directors

Douglas O’Connell

Gayle MoraskiChairperson

Victoria PatrickTreasurer

Anita Baxter James Blackketter

Anne Sutherland FuchsVice Chairperson

Jeffrey Lalonde

F. Robert Petricone Larry Power

Helen Ellsworth Scoville

Adrian Selby

Christopher G. WallSecretary

Donald K. Mayland

Tom Bechtle

Committees, Councils and Societies

In its Board of Directors, the Northwest Connecticut Community Foundation has an active governingbody that is responsible not only for establishing the mission and strategic direction of the organization,but also is charged with oversight of its finances, operations and policies. The Board, which isindependent and broadly representative of the people of the Northwest Corner of Connecticut, iscomprised of individuals who have demonstrated civic leadership in a variety of ways and who have astrong record of volunteer community service.

Norman “Skip” Rogers

Barbara Spiegel

Ronald S. Rosenstein

35

Executive CommitteeGayle Moraski ChairpersonAnne Sutherland FuchsDouglas K. O’ConnellVictoria PatrickF. Robert PetriconeChristopher G. Wall

Development CommitteeAnn AuburnAnita BaxterTom BechtleJeffrey LalondeDonald K. MaylandVictoria PatrickRonald S. Rosenstein

Communications and Public RelationsCommitteeTom BechtleAlan ColavecchioAnne Sutherland FuchsRobert RovezziAdrian SelbyChristopher G. Wall

Grants and ProgramCommitteeJames BlackketterCarol LugarF. Robert PetriconeJan RathbunLisa Lansing SimontChristopher G. Wall

Governance CommitteeBetsy GoffBrian McCormickDouglas K. O’ConnellNorman “Skip” RogersRonald S. Rosenstein

Audit CommitteeJeffrey LalondeDonald K. Mayland

Investment CommitteeRobert Geiger Peter MenikoffBarbara MillarKeith MullinsMarsha SterlingJames ThibaultStacie Weiner

Scholarship CommitteeAnita BaxterDavid BennettJim BlackketterBradley BremerSusan BremerFrank BuonocoreDavid CarrollCynthia ConklinDoreen DearyDennis DresselNicole Carlson EasleyJoel EasleyJohn FabiaschiMalcolm ForbesBarbara FradetteJoe FrisciaAnne Sutherland FuchsBetsy GoffDouglas HaddockLorraine HaddockWilliam HardingBradford HoarEli HorowitzKathleen KuligElayne LandauMary LoyerMichael LynchDon MaylandGayle MoraskiMaureen Nikora

Ed NoonanMary Pat NoonanJoan O'BrienMorgan O'BrienJoe PatheDean PergolaBob PetriconeRobert RovezziGuy RovezziPatty RovezziJoAnn RyanJulie ScharnbergChristina TranquilloTony TranquilloMarie WallaceHarriett WeissDan Whalen

Emeritus Society(Former Board Members)

James C. AllenAnn AuburnRoberta Lee August*Khurshed Bhumgara*Allan BorghesiAlan ColavecchioRobert Cron*Miki DuisterhofDan DwyerCharles Ebersol Sr.*Charles R. Ebersol Jr., Esq.William G. HardingCharles Hathaway*Ann HubbardJohn E. JancoDonald Lewis*Carol S. LugarMarvin “Muff” MaskovskyBrian McCormick Esq.Allen NixonRobert O’Connor*Roberta S. Ohotnicky, Ph.D.*James O’LearyCynthia Oneglia

WE ARE• Committed to the public good• Respectful of the worth and dignity of individuals• Dedicated to inclusiveness and social justice• Respectful of pluralism and diversity• Committed to the responsible stewardship of resources• Transparent, honest and accountable to the public, our donors, and our fundholders

�

36

Guy RovezziPresident and CEO

Lorraine HaddockAssistant to the President

Bradford HoarVice President of

Philanthropic Services

Nicole Carlson EasleyCommunications Director

Christina TranquilloProgram and

CommunicationsAssociate

Staff

Julia ScharnbergGrants and Program

Director

Leslie Friscia Financial Director

Emeritus Society continuedFrancis J. Oneglia*Frank PascaleE. Frederick Petersen Jr.*William Petricone*Rose PonteJan RathbunMary Lou RobinsonMargaret Roraback Esq.Robert RovezziJoAnn RyanHelen ScovilleGeorge A. Strogatz*Alan TemkinAlyson ThomsonEdward Thompson*Raymond TurriJohn R. UrsoneThomas F. Wall Jr.Thomas Wall Sr.*

*deceased

Women & Girls Fund Executive CommitteeBarbara Dughi ChairSandra Zielinski Vice ChairJudi ArmstrongJoanne BorduasMaria GonzalezAmanda HillKathy KinaneKathy MinckDolores RaimoRachel Tway-GrantLesa Vanotti Secretary &TreasurerMarie WallaceKathleen WeinsteinRoberta Willis

37

Every effort has been made to report as accurately as possible allgrants made, scholarships awarded and donations received for the

2017 fiscal year.

DESIGN BY COLAVECCHIO DESIGN, INC.

PRINTING BY GOULET PRINTERY

2017 COMMUNITY REPORT PRINTED ON RECYCLED PAPER

PRINTED IN THE U.S.A.

SERVING 20 COMMUNITIES

Barkhamsted | Bethlehem | Canaan/Falls Village | Colebrook Cornwall | Goshen | Hartland | Harwinton | Kent | Litchfield Morris | New Hartford | Norfolk | North Canaan | Salisbury

Sharon | Torrington | Warren | Washington | Winsted

NON PROFIT ORGUS POSTAGEPAIDWinstedPERMIT # 1106098

For more information about how you can support andimprove your community today, tomorrow and in perpetuity, contact the Northwest Connecticut Community Foundation

at 860.626.1245.

33 East Main Street, P.O. Box 1144, Torrington, CT 06790T 860 626 1245 | F 860 489 7517

info@northwestcf.org | www.northwestcf.org