Annual Report 05 Annual Report 05Title: Annual Report 05_Annual Report 05 Author: George Mull Created Date: 10/5/2016 10:26:19 AM

NURTURING THE PHILANTHROPISTS’ VISION__________________________________________________

SHARING THE FRUIT OF THEIR GENEROSITY

SACF2005 Annual ReportSchuylkill Area Community Foundation

About this ReportThe following pages describe theadvantages and options for giving throughyour Community Foundation. Financialplanning is very individual and can becomplex. Tax laws are subject to change.To learn about the latest tax laws that affectcharitable giving and estate planning,contact your financial planning specialist.Schuylkill Area Community Foundation isnot engaged in rendering legal or taxadvisory services. The purpose of thispublication is to provide accurate andauthoritative information of a generalnature.

To Start a FundMinimum amounts required to establish a fund:$3,500 . . . . . . . . .to establish an annual award

for a high school graduate$5,000 . . . . . . . . .to establish any other fund$20,000 . . . . . . . .to establish a scholarship fund

You may make a contribution to an existingfund at any time and in any amount.

Mission StatementThe Mission of Schuylkill Area Community Foundation isto serve donors by developing, managing, and investingtheir contributions and to serve the community bydistributing earnings, annually, in accordance with donorwishes to the community at large. These distributionsinclude but are not limited to: arts and culture, education,environment, health and human services, and youth andvolunteer programs.

GovernanceSchuylkill Area Community Foundation is organized as anonprofit corporation. It is governed by a volunteer boardof directors who broadly represent the Schuylkill Countycommunity.

Board of DirectorsJean S. BaglinRichard L. BergerJames C. Bohorad, Esq.Carl D. EdlingGary R. GlessnerCharles Heizenroth IIICarl J. ReidlerJohn F. Reilly, Jr.

Philanthropic leadership from one

Catherine H. SchillingG. Fred SchillingAnn F. SnyderFrank J. StaudenmeierHarry Strouse, Esq.Keith J. Strouse, Esq.J. Robert Zane, Esq.

Community Foundations Helping philanthropists toAddress the most pressing current & futureNeeds of our area while envisioning theGoal to provide the entire community withEndless possibilities for generations to come

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Inside this Report President’s Message . . . . . . . 1

Heritage Society Award . . . . . . . 2

Testimonial . . . . . . . . . . . . . . . . . 3

Philanthropists . . . . . . . . . . . 4 - 5

New Funds . . . . . . . . . . . . . . 6 - 7

Composition of Funds . . . . . . 8 - 9

Grants . . . . . . . . . . . . . . . 10 - 11

Financial Report . . . . . . . . . . . . 12

President’s MessageI am pleased to present Schuylkill Area Community Foundation’s2005 Annual Report, which details activities from May 1, 2004 -December 31, 2005. The Foundation had a number of changes…our fiscal year changed to the calendar year, our office moved toSchuylkill Haven, and our board hired a new executive director. Thus, this report covers a “catch-up” period.

We moved our office to Schuylkill Haven, which is more accessibleand has plenty of free parking. The physical change did not affectthe continued interest and concern that the Foundation has for thedonors, prospective donors, and nonprofit organizations that wantto establish a fund for the benefit of Schuylkill County.

On behalf of the Board of Directors, it gives me greatpleasure to welcome our new executive director,Eileen Kuperavage, to the Foundation. We feel confi-dent that she has the training and expertise to presentthe Foundation’s purpose and mission to the peopleand organizations in Schuylkill County interested incharitable legacies.

This is your Community Foundation.

The staff will continue to serve the community andto establish a charitable giving strategy to meet theexisting and emerging needs for Schuylkill County.

Mrs. Jean Baglin,President

Eileen Kuperavage,Executive Director

generation to the next.

The friendshipof those weserve is thefoundation ofour progress

The HeritageSociety AwardIn 2004, The Schuylkill Area CommunityFoundation unveiled its Heritage Society Award.This award permanently recognizes attorneys,accountants, trust officers, estate planners andfinancial planners who share the value ofphilanthropy with their clients.

The following professional advisors have beeninstrumental in the Community Foundations’success. The members of the Heritage Society are:

Allen KieferLeonard G. Schumack, Esq.Harry Strouse, Esq.

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A Celebration of Life“Our family is grateful to the Schuylkill AreaCommunity Foundation for its support in establishingthe Tim Stine Memorial Fund to celebrate Tim’s life.We contribute to the fund in honor of his memory forbirthdays, anniversaries and holidays. His fund is asource of pride for our family.”

“The annual youth shoot at the sportsman’s club towhich Tim belonged has been named in his honor.They make an annual contribution to the fund. TerryStine-Phelps, Tim’s sister, is involved with M.A.D.D.in Rhode Island, and the S.A.D.D. group at a localhigh school in that area adopted Tim. The membersof this chapter learned about Tim and the fundestablished in his name. They also make an annualcontribution to the fund.”

“We are proud to share the information aboutestablishing a fund or scholarship in memory ofa loved one.”

Elaine Stine,Tim’s Mother

PhilanthropistsA Friend/Memory of George J. SchillingPhyllis AnchorstarAnonymous DonorAnonymous Donor via Cars 4 CausesSarah Arsenault/Memory of George J. SchillingAshland Area Midget Football AssociationAshland Area Midget Football Association/Memory of

Matthew StutzcavageAshland Area Rotary ClubAshland Area Rotary Club/Memory of Richard A. CanfieldAshland High School Class of 1941Ashland Little League BaseballAshland Mutual Fire Insurance Company of PennsylvaniaAshland Public LibraryAshland Tri-Centennial FundDr. & Mrs. Carl BemillerRichard & Darlis BergerDeb Beyea/Memory of George J. SchillingDr. & Mrs. Herbert Blumenfeld/Memory of George SchillingLaurie Bronson/Memory of George J. SchillingTheodore & Debra Brosius/Memory of Gertrude C. ShulerBarbara Brown/Memory of Elizabeth K. FrankSophie & Ralph Buchspics/Memory of George J. SchillingMimi Bussan/Memory of George SchillingRobert CarlyonEleanor & Clayton Chappell/Memory of George J. SchillingPatricia CollinsJune Corotto/Memory of George J. SchillingRonald & Carol Courtwright/Memory of Gertrude ShulerFamily & Staff of Dr. Paul d’Amore/Memory of George SchillingMarcia Dodge/Memory of George J. SchillingTed & Denise DonmoyerWanda Edelman/Memory of George J. SchillingCarl Edling/Memory of George J. SchillingEmil R. Ermert/Commemoration of 67th wedding

anniversary on Dec. 2, 2004Emil Ermert/Commemoration of Ethel M. Jones Ermert's

93rd birthday on Feb. 18, 2005Emil Ermert/Commemoration of 68th wedding anniversary

on Dec. 2, 2005Shirley Felker/Memory of George J. SchillingRicky & Kathryn Fidler/Memory of Elizabeth K. FrankThomas & Elaine Fisher/Memory of Aunt Rose LipkoFoundation for Agriculture and Resource ManagementAngela R. Frank/Memory of Elizabeth K. FrankCharles & Margaret Frank/Memory of Elizabeth K. FrankClaudia L. Frank/Memory of Elizabeth K. FrankGwen GentileSherry Gleason/Memory of George J. SchillingKathleen & Gary Glessner/Memory of George J. Schilling

Green Hills Auction AccountEric & Vicki Gudis/Memory of George SchillingKen & Dana HarlosKay Schilling Hedrick, David Hedrick, M.D. & FamilyDonald HelbigHigher-Ups Park Pavilion DonationsLeatrice Hoffman/Memory of Gertrude C. ShulerDeanna Hogan/Memory of Nancy ManbeckStudents at Holy Family & Immaculate Heart Schools/Honor

of Capt. Dennis Kane, Dare InstructorBrian IrslingerRichard & Patricia Jacquand/Honor of Terry Sadusky,

Business Woman of the YearDennis Kane/Memory of George SkripkoRobert Kane/Memory of Nancy ManbeckSharon Koszyk/Honor of Harry Strouse's 93rd birthdayJan & Bill Krentel/Memory of George J. SchillingNancy Kull/Memory of George J. SchillingTom & Maggie Kull/Memory of George J. SchillingJane & Robert Kyler/Memory of George J. SchillingKris Schilling Lewis, Jeff Lewis, M.D. & FamilyLipkin, Marshall, Bohorad & ThornburgNancy Lipko/Memory of Rose Lipko, beloved aunt & godmotherDr. & Mrs. Solomon LuoSiblings of Nancy Manbeck/Memory of Nancy ManbeckAnne McDowellRaymond McFadden/Memory of George SchillingWilliam & Edith Messerschmidt/Memory of Rose LipkoJanet Moyer/Memory of George J. SchillingMu Zeta Sorority of AshlandMembers of Muddy Creek Sportsman ClubJ. Patsy Z. Mummert/Memory of James N. Williams & his

daughters - Ann, Edith & ElsieFrances NagleRobert & Barbara NestorSuzy Schilling Nevius, David Nevius & FamilyNorth Schuylkill Band BoostersFranklin Osenbach & Cora Gamelin-Osenbach/Memory of

Nancy ManbeckStaff of Paoli Hospital's Breast Center, Radiology Dept. and

Exton Outpatient site/Memory of George SchillingTerry PhelpsRobert & Elizabeth Pugh, Jr./Memory of Elizabeth K. FrankMelissa (Stine) RaleighMelissa (Stine) Raleigh/Commemoration of Tim Stine's birthdayMelissa (Stine) Raleigh/Memory of Tim StineCheryl Rehnert/Memory of Rose Lipko, beloved aunt & godmother

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We thank these individuals andbusinesses for contributing to theFoundation’s work from May 2004 toDecember 2005, either by establishingnew endowments or contributing toexisting funds. We are grateful for theircommitment to the community.

If we inadvertently omitted a contributor,please accept our sincere regrets.

The Reidler FoundationMr. Paul G. ReidlerPenny Olivia RhodesRingtown Area Library AssociationDr. William Rothermel/Honor of Harry Strouse's birthdayTherese & John Sadusky/Memory of George J. SchillingFrank ScheurenPatricia SchilbeCatherine Schilling/Commemoration of 55th wedding anniversaryG. Fred & Diane SchillingG. Fred & Diane Schilling/Memory of George SchillingGeorge Schilling, M.D. & FamilyJack Schilling, M.D., Pat Schilling & FamilyDale & Edith Schimpf/Memory of Kate GreenDr. Fred Schneider/Memory of George SchillingSchuylkill Haven Lions Community Charities, Inc.Anna E. Seiger EstateIrene SenerBarbara ShawCraig & Becky Siebler/Memory of James A. Stutzman, Sr.Grace SlotterbackAnn Snyder/Memory of George J. SchillingKathryn Speacht EstateStuart & Marcie Sperling/Memory of George SchillingRobert & Ann Stremick/Memory of Rose Lipko, beloved aunt

& godmotherHarry Strouse, Esq.Harry Strouse, Esq./Memory of Nancy ManbeckHarry Strouse, Esq./Memory of George J. SchillingKeith & Kathy StrouseDale & Brenda Stutzman/Memory of Uncle James A. Stutzman, Sr.Jim StutzmanJim Stutzman/Memory of James A. Stutzman, Sr.Mr. & Mrs. Randy Stutzman/Memory of Uncle Jim StutzmanTerry StutzmanBrenda Swank/Memory of Nancy ManbeckNancy TarasWilliam Tielman, Sr./Memory of Jean A. TielmanTobash Family/Memory of James A. Stutzman, Sr.Howard & Shirley TraugerVarious contributors/Memory of Joseph O'Neill, Jr.Various contributors/Memory of Gertrude ShulerRev. Paul WhiteCatherine WillowerShirley Wolfgang/Honor of Harry Strouse's 93rd birthdayJohn Woznisky

LIVE FOR TODAY 5

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DREAM O

These funds represent theunlimited possibilities fordonors of all means toestablish memorials for

loved ones. Charitable giv-ing through the Foundation

is designed to meet theneeds of all Schuylkill County

residents. There is no cost tothe donor to establish a fund.

The same professional courtesiesand services are afforded to donors

regardless of the amount of thecharitable gift endowed.

Establish a fund foras little as $3,500 or

contribute to anexisting fund atany time in anyamount

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New FundsPottsville Enrichment FundUnder the terms of the last will and testamentof Kathryn Speacht of Pottsville, the PottsvilleEnrichment Fund was established to enhance thelives of Pottsville residents. In view of the fact that itis used for many public functions, the earnings fromthis fund will go to the Charles Baber Cemetery forimprovements and functions, which will benefit thecitizens of Pottsville.

FARM Youth Scholarship FundEstablished by the Foundation for Agricultureand Resource Management (FARM) of SchuylkillCounty, the FARM Youth Scholarship Fundallocates its earnings as scholarships for studentsto attend a two-year or a four-year accreditededucational institution. Recipients are selectedbased on FARM’s established scholarship practices.

Ashland Tri-Centennial FundCreated by a local businessman, the AshlandTri-Centennial Fund designates its earnings tobe distributed to the Ashland Borough Councilfor the benefit of the citizens of Ashland and forthe general purposes of the borough.

David Lee Sener Memorial AwardEstablished by his parents in loving memory oftheir son, the David Lee Sener Memorial Award isgranted annually to a graduating senior at NorthSchuylkill High School who is the outstandingmember of the brass section of the high schoolband. The selection of the recipient is made by theMusic Department of North Schuylkill High School.

Schuylkill Haven Lions Club FundsHaving ceased responsibility for operation of theambulance service in the Schuylkill Haven area,the Schuylkill Haven Lions Community Charitiesendowed two new funds to support the continuanceof services to the community. The earnings of theSchuylkill Haven Lions EMS Fund will be paid to theSchuylkill Haven Area EMS for use by the organiza-tion in continuing their services. The SchuylkillHaven Lions Community Charities HealthcareScholarship Fund will make annual distributions toeligible students who are employees or volunteersof the Schuylkill Haven Area EMS or graduates ofthe Schuylkill Haven or Blue Mountain schooldistricts to attend institutions of higher educationmajoring in healthcare related fields of study.

George J. Schilling Memorial FundAs a lasting tribute to their father, the George J.Schilling Memorial Fund was established by hischildren and their families. The earnings of this fundare distributed annually to the Washington FireCompany No. 1 in Ashland where Mr. Schilling wasvery active for many years.

Carr-Willower Memorial Scholarship FundA former resident of Ashland, Catherine Carr Willowerestablished the Carr-Willower Memorial ScholarshipFund with the purpose of making annual distributionsas scholarships to graduates of North Schuylkill HighSchool and Cardinal Brennan High School. The schol-arship recipients are selected by the ScholarshipCommittee of the foundation and are awarded to stu-dents attending any accredited college or universityfor undergraduate or graduate studies.

James D. Collins Memorial Scholarship FundEstablished by St. Clair resident Patricia Collins inmemory of her son, the James D. Collins MemorialScholarship Fund designates the earnings to bedistributed annually to be divided equally to studentswho are graduates of the Mahanoy Area SchoolDistrict and the Tamaqua School District. Thesescholarships are for attendees of accredited collegesor universities or nonprofit technical or vocationalschools.

North Schuylkill Volunteer Home Care FundOriginally established in 1978 as the Ashland AreaVisiting Nurse Association Fund, this fund augmentedthe costs of providing home nursing to the residentsof the Ashland area. However, in 1994, the organiza-tion ceased its activities. The foundation sought areplacement organization with similar goals and, in1996, began to distribute the earnings to the NorthSchuylkill Team of Volunteer Home Care. In 2005,the Board of Directors of SACF formally changed thename of this fund to North Schuylkill VolunteerHome Care Fund to accurately define the objectivesof the fund.

These funds and the ongoing contributions toexisting funds total $621,458.27 for the periodMay 1, 2004 to December 31, 2005.

OF TOMORROW

Designated - 56Ashland Area Midget Football Association, Inc. FundAshland Girl Scout Campership FundAshland Public Library FundAshland Tri-Centennial FundAshland Volunteer Fire Department, Washington Fire

Company No.1 and American Fire Company No.1 TrustBethany Children's' Home FundBetsy Rubright Kent Memorial FundCarl F. Reichwein, M.D. Memorial FundChamber of Commerce Christmas Decoration Fund* Cornelius J. McFadden and Anna M. McFadden

Memorial Trust Fund (In part - 80%)David Lee Sener Memorial AwardDolores D. Adams Pine Grove Community FundEdward H. Watkins Memorial FundElizabeth K. Frank Memorial Music FundElmer W. Toewe Memorial FundEmma T. Irwin Memorial FundEthel M. Jones Ermert, R. N. Memorial Award in ObstetricsEureka Park FundFelker-Smith Memorial FundFoundation for Agriculture and Resource Management

Shadle Nature Center/Weston FundFrackville Free Public Library FundGabriel Chamber Ensemble Endowment FundGeorge J. Schilling Memorial FundHigher Ups Park FundJean A. Tielman, R. N., Memorial FundJohnson-Beckno (Pechno) Memorial FundLeonard Chaikowsky Academic AwardLeslie E. Harner Instrumental Music Memorial FundLoretta Pollack Woznisky-Lonoskie FundMarie M. Campbell Scholarship FundMark R. Bell Memorial AwardMary E. and Warren E. Wert and Gertrude C. Shuler

Memorial FundMaud M. Prichard Memorial FundMother’s Memorial FundNorth Schuylkill Team of Volunteer Home Care FundRae Ann Lubold Memorial FundRalph W. Morgan Memorial FundRaymond L. and Jean D. Tilmont Memorial Fund

Reidler Family Library TrustRingtown Area Library FundRobert C. Fetterolf MemorialRoy P. Steeley Music Scholarship FundRuth A. Wagner Memorial FundSchuylkill Community Education Council Endowment FundSchuylkill Conservation District Endowment FundSchuylkill County Conservation and Environmental

Improvement Endowment FundSchuylkill County Society for Crippled Children -

McAdams Endowment FundSchuylkill Haven Lions EMS FundSchuylkill United Way Endowment FundT. Stuart Goyne Memorial FundTara M. Corson, Timothy R. Kimber and

Joseph P. McGeoy FundTim Stine Memorial FundThe First Baptist Church of Ashland FundWashington Fire Company Community Ambulance FundWilliam J. “Rex” Roberts Memorial FundWillow Park Fund

Field of Interest - 6Ashland Area Scouting FundAshland Mutual Fire Insurance Company Fire & Safety FundBen Franklin TrustIsabelle Ross Mettam Performing Arts FundThe Dr. Gail D. Mackey, VMD, DABVP Animal FundThe Nature Fund

Donor Advised - 10Ashland Rotary Club Charitable TrustCarlyon Charitable Trust FundHuman Services FundJohn C. and Helen M. Schreck Memorial FundJoseph A. Zane, Esq., Family Charitable TrustMabel Strouse Memorial Fund* Martha M. and Michael Herbert, M.D. Charitable Trust

(In part - the first $6,000 of the earnings is used forscholarships.)

Pottsville Enrichment FundReidler Family Charitable TrustReidler Family Helping Hand Fund

Composition of Funds

LEARN FROM8

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Unrestricted - 9* Cornelius J. McFadden and Anna M. McFadden

Memorial Trust Fund (In part - 20%)Eleanor B. Spencer Memorial FundElwood T. Bracey FundFrank J. Pepper and Thomas J. Pepper Memorial FundLaubenstein Memorial FundLauer Community FundMarian E. Fenstermacher Memorial FundThe Citizens' National Bank of Ashland Community FundThe Community Fund

Scholarship (Administered by SACF) - 10Butler Township High School Alumni Scholarship FundCarr-Willower Memorial Scholarship FundChester P. Steininger Memorial Fund (Medical)Dr. Robert Douglas Spencer Memorial FundDr. Rudolph A. Constien Scholarship FundFrederick T. Kull and Betty A. Kull Memorial FundFrederick T. Kull and Betty A. Kull Scholar-Athlete FundMary I. Kull Memorial FundShirley Manbeck Veterinary Scholarship FundUnited Steel Workers of America, Local 14372,

Scholarship Fund

Scholarship - 10Alice E. Kear Music Scholarship FundChester P. Steininger Memorial Fund (Accounting)Dolores D. Adams Memorial Scholarship FundFARM Youth Scholarship FundHuntzinger-Schadel Family Scholarship Fund* Martha M. and Michael Herbert, M.D. Charitable Trust

(In part - the first $6,000 of the earnings is used forscholarships.)

James D. Collins Memorial Scholarship FundPfluger-Przybylik Family Scholarship FundSchuylkill Haven Lions Community Charities

Healthcare Scholarship FundWarren W. Stutzman Memorial Scholarship Fund

Total Funds - 99

* Note - Two funds are listed under two different categories.

YESTERDAY

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Grant ProcessSchuylkill Area Community Foundationconducts an annual funding cycle forscholarship requests with varying dead-lines, and grant requests with a deadlineof March 15th. The Foundation does notconsider requests for direct grants toindividuals, political causes / candidates /organizations, capital campaigns, debtreduction, or to national and interna-tional organizations.

Educational ($36,099.66 – 14.85%)4-H Youth Development Program of

Schuylkill CountyCardinal Brennan High SchoolGood Sheherd Regional Catholic SchoolLycoming CollegeMinersville Area School DistrictNumerous High School awards

throughout Schuylkill CountySt. Ambrose School Improvement FundSt. Joseph's Roman Catholic ChurchSt. Nicholas Ukrainian Catholic SchoolTemple University School of Law

Environmental ($43,217.12 – 17.78%)Foundation for Agriculture & Resource

ManagementHawk Mountain SanctuaryMahanoy Creek Watershed AssociationPA Institute for Conservation EducationSchuylkill Conservation DistrictSchuylkill County Conservation and

Environmental ImprovementEndowment Fund

Schuylkill County ConservancySchuylkill Keep It Pretty

Areas of InterestSpecific areas in which donors often honoror memorialize their loved ones, friends andco-workers, are:

Arts & Culture

Educational

Student Scholarships

Environmental Programs

Health & Human Services

Historic Preservation

Public Safety

Sports

Youth & Volunteer Programs

2005 GRANTS

The possibilities are endless:

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Borough of GordonDARE of Schuylkill CountyFriends School of BaltimoreJoe Callaghan Irish Cultural Memorial

FundMillersburg Ferry Boat AssociationNational Shrine of Our Lady of

CzestachowaSchuylkill Community Education

CouncilSchuylkill Leadership AssociationThe Odyssey SchoolValley Forge Alumni Memorial Chapel

Fund

Performing Arts ($5,570.41 – 2.29%)ABA Mummers ClubAshland Area Community ChoirGabriel Chamber EnsemblePenn State Schuylkill Drama ClubSchuylkill Ballet TheatreSchuylkill County Community ChorusSchuylkill County Council for the ArtsSchuylkill Symphony Orchestra

Public Safety ($11,397.34 – 4.69%)American Hose CompanyAshland Borough Police Dept.Ashland Fire Police AssociationPine Grove EMSPine Grove Hose, Hook and LadderPine Grove North End Fire CompanyWashington Fire Co. Community

Ambulance Assoc., Inc.Washington Fire Company #1

Recreation ($5,407.63 – 2.22%)American Hose Company (Fireworks)Ashland Area Recreation BoardAshland Community Enterprises /

Pioneer TunnelAshland Recreation Board c/o

Borough Council

Religious ($4,750.52 – 1.95%)Church of the NazareneSt. Joseph's Roman Catholic ChurchSt. Mary's Roman Catholic ChurchSt. Mauritius Roman Catholic Church

Human Services ($18,032.66 – 7.42%)American Cancer Society, Schuylkill UnitAmerican Foundation for AIDS ResearchAmerican Red Cross in Schuylkill &

Northumberland Co.AvenuesBaptist Children's Services HomeBethany Children's HomeCanine Partners For LifeLiteracy Council for Schuylkill CountyNorth Schuylkill Team of Volunteer

Home CareRape & Victims Assistance Center of

Schuylkill Co.Salvation ArmySchuylkill County Society For Crippled

ChildrenSchuylkill Haven Area EMSSchuylkill United WaySchuylkill Women in CrisisSchuylkill YMCASt. Joseph Center for Special LearningThe Salvation Army - Service ExtensionUnity Coalition of Schuylkill CountyYWCA of Pottsville

Libraries ($34,286.60 – 14.11%)Ashland Public LibraryFrackville Free Public LibraryMilton Public LibraryMinersville Public LibraryOrwigsburg Area Free Public LibraryPottsville Free Public LibraryRingtown Area LibrarySchuylkill Haven Free Public LibraryShamokin & Coal Township Public

Library, Inc.Shenandoah Area Free Public LibraryTower-Porter LibraryTremont Area Free Public LibraryTri-Valley Free Public Library

Miscellaneous ($9,569.97 – 3.94%)Alzheimer's Foundation of AmericaArea Revitalization Development Corp.Ashland Area Historic Preservation

SocietyAshland Chamber of CommerceAshland Downtown, Inc.

Scholarships ($69,526.51 – 28.60%) Alice E. Kear Music ScholarshipButler Township High School Alumni

ScholarshipChester P. Steininger Memorial (Medical)

ScholarshipDolores D. Adams Memorial ScholarshipDr. Robert Douglas Spencer Memorial

ScholarshipDr. Rudolph A. Constien ScholarshipElizabeth K. Frank Memorial Music

ScholarshipFrederick T. Kull and Betty A. Kull

Memorial ScholarshipFrederick T. Kull and Betty A. Kull

Scholar-Athlete ScholarshipHuntzinger-Schadel Family ScholarshipMartha M. Herbert and Michael

Herbert, M.D. Science andMathematics Scholarship

Mary I. Kull Memorial ScholarshipPfluger-Przybylik Family ScholarshipShirley Manbeck Veterinary ScholarshipUnited Steel Workers of America,

Local 14372 ScholarshipWarren W. Stutzman Memorial

Scholarship

Scouting ($1,024.11 – 0.42%)Ashland Boy Scout Troop 745Ashland Cub Scout Pack 749Penn's Woods Girl Scout Council

Sports ($4,180.64 – 1.72%)Ashland Teener LeagueAshland Area Midget Football

AssociationAshland Little League Baseball, Inc.Mahanoy City Legion Baseball TeamNorth Schuylkill Youth Soccer

AssociationNorthern Valley Legion BaseballUniversity of PA Sprint Football Fund

(Weightman)Valley Forge Military Academy &

College Sports FundWillow Park Recreation Committee, Inc.

dba Ashland Area Girls Softball

Total Disbursements: $243.063.17

Donors and their families can have many different philanthropic interests which can be satisfied by splittingtheir contributions among the diverse funds managed by the Schuylkill Area Community Foundation.

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Financial ReportThe Foundation is exempt from federal income taxes underSection 501(a) of the Internal Revenue Code as a publicly supportedorganization described in Section 501(c)(3). It is also exempt fromstate taxes and is registered with the Pennsylvania Bureau ofCharitable Organizations. All contributions are accepted for usesubject to the Foundation’s Articles of Incorporation and By-Laws.

Statement of Financial Position as of December 31, 2005

ASSETS

Cash - Checking $ 2,636Cash - Legg Mason 174,942

Money Market Funds - Legg Mason 26,029

Investments:

Equities 8,503,049

Preferred Stocks 204,290

Corporate Bonds 718,971

TOTAL ASSETS $ 9,629,917

NET ASSETS

Unrestricted $ 226,167

Temporarily Restricted 2,544,811

Permanently Restricted 6,858,939

TOTAL NET ASSETS $ 9,629,917

TOTAL LIABILITIES AND NET ASSETS $ 9,629,917

SACF is a member of Community Foundations For Pennsylvaniaand Council On Foundations. The official registration and financial

information for Schuylkill Area Community Foundation is registeredwith the Pennsylvania Department of State and may be obtained

by calling toll free, within Pennsylvania 1-800-732-0999.Registration does not imply endorsement.

Copies of the annual audit report and Form 990are available at both Foundation offices.

Thank YouWe extend asincere thank you todonors, past andpresent, who haveentrusted us withtheir charitablegiving.

We’regrowingopportunities,and it startswith just aseed.

Annual Report designed byRob Mull Advertising & Design

SPONSORS Publication of our Report to the Community was underwritten by generous support from the following:

Oppenheimer & Co. Inc.101 S. Centre Street · Pottsville, PA 17901

Member of all Principal Exchanges

570-622-4844 · 800-288-7862 · Fax: 570-622-6832

[email protected]@opco.com

SCHUYLKILL CAPITALMANAGEMENT, LTD.

Schuylkill Capital Management, LTD.1631 Locust Street · 3rd Floor

Philadelphia, PA 19103

215-735-0299 or 800-335-0142

James E. MarconisAssoc. Vice President - Investments

Howard A. TraugerPresident

Mark G. SerrianVice President - Investments

Rob Ulaner • Pottsville, PA • (570) 628-9262

www.mandtbank.com ©2006 M&T Securities, Inc.

Investment Management Retirement Planning Estate and Business

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Ashland Office816 Center St.

Ashland, PA 17921570-875-3740

Fax: 570-875-1424

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