Leapof Faith

InFaith COMMUNITY FOUNDATION® | 2014 ANNUAL REPORT

For now we see in a mirror, dimly,

but then face to face.

1 Corinthians 13:12-13

Now I know only in part;

then I will know fully, even as I have been fully known.

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And now

faith, hope,

and love

abide, these

three;

And the

greatest

of these is

love.

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Leap Love

Many think of a leap of faith as an act of courage,

but it’s an act of complete trust; an act that’s

based in the certainty of God’s love that calls

us to move from the past and welcome the

future of God’s promise.

This leap, this promise, is at the heart of our

practice at InFaith Community Foundation. Our

mission to spread joy, our belief in abundance,

and our commitment to live in possibilities, are

expressions of living a life of love by sharing our

blessings with the world.

In Romans 13:8, St. Paul writes, “Owe no one

anything, except to love one another; for the

one who loves another has fulfilled the law.”

Through the charitable funds that you, our

donors, have created at InFaith Community

Foundation, you are indeed expressing this love

in ways that are changing lives and spreading

joy throughout our shared community.

Whether your interest is strengthening your

church or school, supporting social ministry or

environmental organizations, or treating all of

God’s creatures with respect, your fund is an

expression of your love, your care and your faith.

Thank you for your generosity and desire to make

this world a better place. We, the staff and board

of InFaith, are privileged to serve you, and take

most seriously the stewardship of assets you have

entrusted to us. By sharing your blessings, your

love is made manifest in God’s world.

In faith,

Rev. John R. Sabatelli Board Chair

Chris Andersen President & Executive Director

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OUR VALUES

SERVICE Serving with gratitude and integrity.

STEWARDSHIP Managing resources wisely for the greatest good.

COLLABORATION Combining talents to expand connections.

POSSIBILITIES Living in the spirit of generosity and abundance.

RESULTS Achieving positive, effective and lasting change.

Nineteen years ago, we formed a community foundation on values

that emerged from faith: service, stewardship, collaboration,

possibilities and results.

Today, InFaith Community Foundation is a rare organization that

integrates faith with the highest level of financial integrity and

stewardship. InFaith once again earned Charity Navigator’s top

rating for sound fiscal management and GuideStar’s top rating for

transparency and commitment to excellence. This recognition is a

direct result of the faith and values that shape our identity.

It’s with this same commitment that we seek to fulfill the intentions

of our donors. InFaith’s values guide our processes and shape our

interactions with you as donors; helping you define your intentions,

deepen your engagement and enhance your giving.

What is at our core matters deeply. For people of faith, knowing the

love of God is bedrock. From this knowledge, we leap to the call to

spread joy and change lives.

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TYPES OF DONOR GIFTSby number of gifts

2014 gifts

$474.38

$200.18

$679.54

$973.13

$21.64

$2.92

$66.00

$123.77

$106.12

200920041999 2014 200920041999 2014

U.S. EQUITY 25%Large Capitalization 18%

Medium Capitalization 5.5%Small Capitalization 1.5%

GLOBAL (non-U.S.) EQUITY 24% FIXED INCOME 15%

MARKETABLE ALTERNATIVES 17%

REAL ASSETS 11%

EMERGING MARKETS EQUITY 8%

Outright Gifts 29%

Life Insurance 21.9%

Bequest/Beneficiary Proceeds 21.3%

Life Estate Reserved .3%Charitable Gift Annuities 18.6%

Charitable Remainder Trusts 8.9%

GIVE NOW 29%

GIVE LATER 43.5%

GIVE & RECEIVE 27.5%

CHURCHES 30%

EDUCATION 18%

HUMAN SERVICES 17%

HEALTH SERVICES 8%

ENVIRONMENT 3%

OTHER 2%

ARTS & CULTURE 4%

DISASTER RELIEF 3%

FAITH-BASEDORGANIZATIONS 15%

0

200

400

600

800

1000

0

50

100

150

200

250

300

350

2014200920041999

0

30

60

90

120

150

$127.78

$56.49

$217.54

$342.23

200920041999 2014

2014 grants

TYPES OF CHARITIESby number of grants2014 gifts

$474.38

$200.18

$679.54

$973.13

$21.64

$2.92

$66.00

$123.77

$106.12

200920041999 2014 200920041999 2014

U.S. EQUITY 25%Large Capitalization 18%

Medium Capitalization 5.5%Small Capitalization 1.5%

GLOBAL (non-U.S.) EQUITY 24% FIXED INCOME 15%

MARKETABLE ALTERNATIVES 17%

REAL ASSETS 11%

EMERGING MARKETS EQUITY 8%

Outright Gifts 29%

Life Insurance 21.9%

Bequest/Beneficiary Proceeds 21.3%

Life Estate Reserved .3%Charitable Gift Annuities 18.6%

Charitable Remainder Trusts 8.9%

GIVE NOW 29%

GIVE LATER 43.5%

GIVE & RECEIVE 27.5%

CHURCHES 30%

EDUCATION 18%

HUMAN SERVICES 17%

HEALTH SERVICES 8%

ENVIRONMENT 3%

OTHER 2%

ARTS & CULTURE 4%

DISASTER RELIEF 3%

FAITH-BASEDORGANIZATIONS 15%

0

200

400

600

800

1000

0

50

100

150

200

250

300

350

2014200920041999

0

30

60

90

120

150

$127.78

$56.49

$217.54

$342.23

200920041999 2014

2014 grants

GenerosityIn 2014, new and existing donors expressed their generosity by making hundreds

of gifts—each tailored to donors’ beliefs, values and financial circumstances.

Individuals and families created 216 new Donor Advised Funds in 2014. Faith-based nonprofits and churches established 30 new Endowment Funds. Charitable

funds at InFaith now total 4,025. For a complete list of Donor Advised Funds, Endowment Funds and Collaborative Funds, visit InFaithFound.org/2014funds.

Donor satisfaction reached an all-time high of 97% in 2014. Feedback through donor surveys, focus groups and personal conversations provided valuable insights

on how InFaith can better serve, and guided the Foundation’s name change to InFaith Community Foundation.

JoyEach donor gift translates into charitable support that spreads joy throughout our shared community. In 2014, InFaith charitable funds distributed a record 3,587 grants.

The majority of InFaith grants, 91%, were distributed from Donor Advised Funds to donor-recommended charities. Another 8% were from Endowment Funds of churches and faith-based nonprofits, and 1% were from InFaith Collaborative Funds.

Through donor gifts to InFaith Collaborative Funds, church communities received training to recognize and support victims of domestic abuse, international communities were rebuilt following natural disasters and our faith community was assisted in caring for God’s creation.

12 13

GROWTH IN DONOR GIFTSin millions

2014 gifts

$474.38

$200.18

$679.54

$973.13

$21.64

$2.92

$66.00

$123.77

$106.12

200920041999 2014 200920041999 2014

U.S. EQUITY 25%Large Capitalization 18%

Medium Capitalization 5.5%Small Capitalization 1.5%

GLOBAL (non-U.S.) EQUITY 24% FIXED INCOME 15%

MARKETABLE ALTERNATIVES 17%

REAL ASSETS 11%

EMERGING MARKETS EQUITY 8%

Outright Gifts 29%

Life Insurance 21.9%

Bequest/Beneficiary Proceeds 21.3%

Life Estate Reserved .3%Charitable Gift Annuities 18.6%

Charitable Remainder Trusts 8.9%

GIVE NOW 29%

GIVE LATER 43.5%

GIVE & RECEIVE 27.5%

CHURCHES 30%

EDUCATION 18%

HUMAN SERVICES 17%

HEALTH SERVICES 8%

ENVIRONMENT 3%

OTHER 2%

ARTS & CULTURE 4%

DISASTER RELIEF 3%

FAITH-BASEDORGANIZATIONS 15%

0

200

400

600

800

1000

0

50

100

150

200

250

300

350

2014200920041999

0

30

60

90

120

150

$127.78

$56.49

$217.54

$342.23

200920041999 2014

2014 grants

Represents cumulative outright & deferred gifts

GROWTH IN GRANTSin millions

2014 gifts

$474.38

$200.18

$679.54

$973.13

$21.64

$2.92

$66.00

$123.77

$106.12

200920041999 2014 200920041999 2014

U.S. EQUITY 25%Large Capitalization 18%

Medium Capitalization 5.5%Small Capitalization 1.5%

GLOBAL (non-U.S.) EQUITY 24% FIXED INCOME 15%

MARKETABLE ALTERNATIVES 17%

REAL ASSETS 11%

EMERGING MARKETS EQUITY 8%

Outright Gifts 29%

Life Insurance 21.9%

Bequest/Beneficiary Proceeds 21.3%

Life Estate Reserved .3%Charitable Gift Annuities 18.6%

Charitable Remainder Trusts 8.9%

GIVE NOW 29%

GIVE LATER 43.5%

GIVE & RECEIVE 27.5%

CHURCHES 30%

EDUCATION 18%

HUMAN SERVICES 17%

HEALTH SERVICES 8%

ENVIRONMENT 3%

OTHER 2%

ARTS & CULTURE 4%

DISASTER RELIEF 3%

FAITH-BASEDORGANIZATIONS 15%

0

200

400

600

800

1000

0

50

100

150

200

250

300

350

2014200920041999

0

30

60

90

120

150

$127.78

$56.49

$217.54

$342.23

200920041999 2014

2014 grants

Represents cumulative grants

GratitudeDonors have been expressing their gratitude by sharing their blessings since

InFaith’s inception in 1995. The collective result of this gratitude is more than $973.1 million in outright and deferred gifts.

Donors made gifts totaling $63.95 million to InFaith in 2014, making it one of the top giving years in InFaith’s history.

Additional operating support was provided through a generous grant from Thrivent Financial.

ChangeGrants from InFaith Donor Advised Funds, Endowment Funds and Collaborative Funds totaled $16.04 million in 2014, representing a 45% increase from 2013 grant totals. This grant support, whether it provided support for hospice care, scholarships or outdoor ministries, served as a response to community needs and created effective, positive and lasting change throughout our shared community.

Cumulative grants since InFaith’s inception total $123.77 million.

For a complete list of 2014 grants from InFaith Donor Advised Funds, Endowment Funds and Collaborative Funds, visit InFaithFound.org/2014grants.

14 15

StewardshipInFaith’s investment allocation reflects its objective to earn the highest

investment returns possible within acceptable levels of risk. Historic returns of the Growth Portfolio serve as evidence of how long-term positioning of

InFaith investments helps support donors’ gift and grant activity.

Technology improvements throughout 2014 resulted in improved donor services, including more in-depth online access, the opportunity for paperless statements

and custom investment allocation.

AccountabilityInFaith again earned a clean audit from independent auditors in 2014. InFaith also earned top ratings from Charity Navigator for sound fiscal management and GuideStar for transparency and commitment to excellence.

For more information about InFaith’s investment policies and performance, visit InFaithFound.org or call 800.365.4172.

ALLOCATION OF GROWTH PORTFOLIO

2014 gifts

$474.38

$200.18

$679.54

$973.13

$21.64

$2.92

$66.00

$123.77

$106.12

200920041999 2014 200920041999 2014

U.S. EQUITY 25%Large Capitalization 18%

Medium Capitalization 5.5%Small Capitalization 1.5%

GLOBAL (non-U.S.) EQUITY 24% FIXED INCOME 15%

MARKETABLE ALTERNATIVES 17%

REAL ASSETS 11%

EMERGING MARKETS EQUITY 8%

Outright Gifts 29%

Life Insurance 21.9%

Bequest/Beneficiary Proceeds 21.3%

Life Estate Reserved .3%Charitable Gift Annuities 18.6%

Charitable Remainder Trusts 8.9%

GIVE NOW 29%

GIVE LATER 43.5%

GIVE & RECEIVE 27.5%

CHURCHES 30%

EDUCATION 18%

HUMAN SERVICES 17%

HEALTH SERVICES 8%

ENVIRONMENT 3%

OTHER 2%

ARTS & CULTURE 4%

DISASTER RELIEF 3%

FAITH-BASEDORGANIZATIONS 15%

0

200

400

600

800

1000

0

50

100

150

200

250

300

350

2014200920041999

0

30

60

90

120

150

$127.78

$56.49

$217.54

$342.23

200920041999 2014

2014 grants

FINANCIAL SUMMARY 2014 2013ASSETS

Cash and Cash Equivalents $ 5,641,854 $ 2,866,370

Receivables 2,557,731 1,532,331

Investments:

Securities and Treasury Notes $ 285,068,227 $ 274,746,147

Life Insurance and Annuity Contracts 43,900,670 40,599,181

Real Assets 5,037,800 5,849,273

Property and Equipment, Net of Depreciation 27,360 32,627

Total Assets $ 342,233,642 $ 325,625,929

LIABILITIES AND NET ASSETS

Liabilities $ 91,829,539 $ 88,420,410

Net Assets 250,404,103 237,205,519

Total Liabilities and Net Assets $ 342,233,642 $ 325,625,929

GROWTH IN ASSETSin millions

2014 gifts

$474.38

$200.18

$679.54

$973.13

$21.64

$2.92

$66.00

$123.77

$106.12

200920041999 2014 200920041999 2014

U.S. EQUITY 25%Large Capitalization 18%

Medium Capitalization 5.5%Small Capitalization 1.5%

GLOBAL (non-U.S.) EQUITY 24% FIXED INCOME 15%

MARKETABLE ALTERNATIVES 17%

REAL ASSETS 11%

EMERGING MARKETS EQUITY 8%

Outright Gifts 29%

Life Insurance 21.9%

Bequest/Beneficiary Proceeds 21.3%

Life Estate Reserved .3%Charitable Gift Annuities 18.6%

Charitable Remainder Trusts 8.9%

GIVE NOW 29%

GIVE LATER 43.5%

GIVE & RECEIVE 27.5%

CHURCHES 30%

EDUCATION 18%

HUMAN SERVICES 17%

HEALTH SERVICES 8%

ENVIRONMENT 3%

OTHER 2%

ARTS & CULTURE 4%

DISASTER RELIEF 3%

FAITH-BASEDORGANIZATIONS 15%

0

200

400

600

800

1000

0

50

100

150

200

250

300

350

2014200920041999

0

30

60

90

120

150

$127.78

$56.49

$217.54

$342.23

200920041999 2014

2014 grants

Total Assets

Complete audited financial statements are available upon request.

16 17

Board of Directors

StaffChris Andersen (3), President & Executive Director | Roberta Groening (8), Administrative Associate | Kelly Klukas (6), Office Administrator | Pat Norton (18), Office Administrator | Cheryl Grasmoen (2), Philanthropic Advisor & Institutional Relations

DONOR SERVICES Mandy Tuong (15), Senior Director of Donor Services and General Counsel

DONOR SERVICES – CHARITABLE GIVING SERVICES Cindy Aegerter (4), Senior Gift Planner | Jeffrey Gram (19), Gift Planner | Jason Watt (7), Senior Gift Planner

DONOR SERVICES – COMMUNICATIONS & MARKETING Lori Anderson (14), Marketing Communications Manager | Laura Dunford (12), Communications Associate

DONOR SERVICES – COMMUNITY GRANTS & SERVICES Susan Hayes (20), Director of Community Grants & Services | Kaitlin Ostlie (10), Grants Administrator | Rebecca Sauer (21), Senior Associate, Donor Services | Jonathan Schill (9), Donor Services Administrator

OPERATIONS – FINANCIAL SERVICES & ADMINISTRATION Tom Peterson (17), Director of Financial Services & Administration | Nancy Ashland (16), Asset Services Administrator | Lois Ebnet (13), Financial Accountant | Her Vang (11), Senior Accountant

OPERATIONS – TECHNOLOGY SERVICES David Meier (5), Technology Manager & Web Communications Manager | Brad VanSpriell (1), Technology Associate

REV. JOHN R. SABATELLI (1), ChairPastor Emeritus

Christ Lutheran ChurchBaltimore, Maryland

TIM LEHMAN (2), Vice-ChairChief Executive OfficerTime of Grace Ministry

Appleton, Wisconsin

JOY ANDERSON (3)President and Founder, Criterion Ventures

Haddam, Connecticut

KARL ANDERSON (4)Vice President, Investment Product and

Solution Management, Thrivent FinancialSalem, Oregon

SUZANNE HAZARD (5)Federal Government

Washington D.C.

JAMES HUSHAGEN (6)Attorney, Eisenhower Carlson PLLC

Tacoma, Washington

KRISTIAN KIELHOFNER (7)Co-founder and CTO

Star2Star CommunicationsSarasota, Florida

DEB MOORE (8)Leader Community Engagement

Thrivent FinancialTemple City, California

KNUT OLSON (9)Senior Vice President, Mission Advancement

Thrivent FinancialMinneapolis, Minnesota

SUNSHINE JANDA OVERKAMP (10)Chairman

Overkamp Overkamp-SmithAtlanta, Georgia

TERRY RASMUSSEN (11)Senior Vice President, General Counsel

and SecretaryThrivent Financial

Minneapolis, Minnesota

RONALD SCHULTZ (12)Chief Administrative Officer

The Lutheran Church – Missouri SynodSt. Louis, Missouri

KURT SENSKE (13)Chief Executive Officer

Lutheran Social Services of the South, Inc.Austin, Texas

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Spreading Joy. Changing Lives.®

InFaithFound.org 625 FOURTH AVENUE SOUTH, SUITE 1500, MINNEAPOLIS, MINNESOTA 55415

p 800.365.4172 f 612.844.4109