LBCF Accomplishments

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Laguna Beach Community Foundation

LAGUNA BEACH COMMUNITY FOUNDATION ACCOMPLISHMENTS

CHARITABLE FUNDS

In 2014, LBCF increased their number of charitable funds under management by over 10%, increased our Funds Under Management by more than $1.5 million and substantially increased our impact by increasing the amount granted to the community by our fund holders by 50%.
Current charitable funds include the Laguna Beach Disaster Fund, a Community Enrichment Fund, Nonprofit Funds such as Boys & Girls Club of Laguna Beach, Glenwood Housing, One World One Ocean Foundation, the Laguna Beach Police Officer Memorial Artwork Fund, and many Donor Advised Funds.
The Laguna Beach Community Enrichment Fund was established in 2012 with a generous Founders Circle contribution of $100,000 from Laura Tarbox, Founding Chair. Steve Samuelian and current Trustee’s, Rick Balzer and Donnie Crevier, have also made substantial Founders Circle contributions.

GRANTS

Since 2010, LBCF has provided over 300 grants to nonprofits in Laguna Beach and across the country. We connect our donors’ passions with Laguna Beach nonprofits and nonprofits across the country. Currently, we award an average of one to two grants per week.
In 2014 due to the generosity of our Charitable Fund donors, LBCF contributed over $680,000 to nonprofits.

AWARD

LBCF received the 2012 Nonprofit of the Year Award from the Laguna Beach Chamber of Commerce.

WORKSHOPS

2014: LBCF and our Professional Council Committee sponsored the Nonprofit Board Governance seminar on January 16th presented by Thomas P. Davis, Esq. for Laguna Beach professionals and nonprofit Board Members. In addition, Peter Kote led the eight week series, It’s Your Money, at the Susi Q Senior Center from April 4th to May 23rd.
2013: LBCF sponsored two free workshops on Making Your Nonprofit Newsworthy. The first, on January 18th, featured local media. The second, on March 1st featured online and social media. The Board Chairs Academy, a five session series conducted by Jeffrey Wilcox, Third Sector, was offered to nonprofit board members and executive leaders. The Professional Council sponsored on March 21st, Learn How to Become a Leader in Charitable Tax Planning, by Nicole Anderson, J.D., LL.M. and Randy Huston, CFP. In addition, Peter Kote led the eight week series, It’s Your Money, at the Susi Q Senior Center from April 5th to May 24th. It’s your Estate was also offered at the Susi Q Senior Center from September 13th to November 1st.

INVESTMENT POOL

Charitable funds may be maintained in cash or invested, currently in a traditional balance of 60% equity investments and 40% fixed income investments, using exchange traded funds (ETF’s) as the primary investment vehicle.
The funds are held at TD Ameritrade and managed and overseen by LBCF’s volunteer investment committee. Our investment committee includes Laura Tarbox, CFA, Founder of Tarbox Group and Jim Fletcher, CFA, Managing Director and Portfolio Manager at First Republic Investment Management. Ending 2013, our five-year annualized investment returns are +13.2%.

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