AnnuAl RepoRt 2o16

t h e I d A h o e p I s c o p A l F o u n d A t I o n

Growing Investments Empowering New Ministries

There is so much going on in this Diocese to support mission and the IEF is excited to be a part of it. This year we have welcomed new parish investment, new members, new ideas for grants, and new ways of communicating. All of this has helped to increase awareness about the work of the Foundation and we hope that you will want you to be a part of it. As you review this report, please consider ways that you can be involved or make a note to let us know about ideas that you have about the work that we do. Together we will continue to build a legacy that empowers mission and ministry in the Diocese of Idaho.

Stephanie Crumrine, Executive Director

A Message from the PresidentDear Fellow IEF members and supporters,

In this, my second year as president of IEF, I am happy to be able to report some exciting changes in our organization. Our focus this year has been to broaden our contact to the greater Diocese in many ways: Our October Board of Directors meeting was moved out of Boise to Ascension Parish in Twin Falls and concluded with our first The Bishop’s Barbecue. Six parishes have named representatives to IEF for the first time. We are delighted to welcome them and to have them serve on committees managing the investments held in trust, reviewing and granting funds for mission, assisting parishes and interested parties in legacy giving, and honoring and recognizing those doing God’s work. We have made use of social media to reach out to and include all parishioners of Episcopal churches in the Diocese in our communications. The Board of Directors has worked to update the Bylaws and Articles of Incorporation to better define our mission and ministry and to take us into the future. We welcome Ron Harris to the position of IEF Treasurer for the coming year. Thank you to all IEF members and our Executive Director, Stephanie Crumrine, who have served in different capacities this year.

Blessings to you all,

Julie Slee, President

1 The Arco Community Foodbank, a ministry of Epiphany Church, Arco, for a much needed refrigerator. $4,000

2 The La Gracia After School Program, a ministry of Grace, La Gracia, Nampa, for arobotics program at Farmway Village. $2,500

3 The English Language Center of Boise, sponsored by St. Michael’s Cathedral, for a refrigerator that will enable healthy food sharing to become part of the program. $2,500

4 The House Next Door, a ministry of Grace, La Gracia, Nampa, to deal with the health and safety hazard of outdated and inefficient windows. $10,000

5 Paradise Point Camp, a ministry of the Diocese ofIdaho, for the expansion and refurbishment of the LowRopes Course at camp. $4,450

6 The House Next Door, a ministry of Grace, La Gracia Nampa, for the purchase oftwo sewing machines to expand their sewing ministry. $1,500

7 Emmanuel Church, Placerville, for the purchase of technology to provide music from the internet for their worship service. $750

8 Rising Stars Therapeutic Riding Center, sponsored by Church of the Ascension, Twin Falls, for a safe, mobile, handicap ramp for riders. $3,200

9 St. Thomas Playhouse, a ministry of St. Thomas, SunValley, to help underwrite the costs of set, travel, andcostumes for education outreach. $2,000

Your support of the IEF makes these grants possible.

Thank you!

This year the IEF is pleased to announce that nine grants were awarded for a total of $30,900. Those grants will go to the following:

Supporting the IEFWe are grateful for all the ways the people of the Diocese of Idaho give to support the ministry of the IEF. Your gifts support our operations, but more importantly, you support the Grants program which helps make it possible to fund worthy projects that make a real difference in people’s lives across our diocese.

LegacyIf you are interested in creating an endowment or making a bequest to your parish or to the Foundation, please call the Foundation office for assistance. If you have already made a bequest, please let us know so that we can include you as a member of the Bishop Tuttle Heritage Society.

DonationsEvery year people make gifts, large and small, to the Foundation. Those people who give regularly have been named Bishop Birney Builders. Their gifts have built a foundation for the mission and ministry of our Diocese.

YOU CAN SEND A CONTRIBUTION TO: Idaho Episcopal Foundation 1858 West Judith Lane Boise, ID 83705 www.idahoepiscopalfoundation.org

It is also quick and easy to make a contribution online by going to the website, clicking on the donate button, and using your credit card. You can make a one-time gift or set up a payment plan for monthly contributions. This is a safe and secure system. If you have questions, please call Stephanie Crumrine at 208-345-4440.

Thank you for considering the IEF in your giving plans.

ATARAXIS ACCOUNTING & ADVISORY SERVICES, CHTD.P. O. Box 1292Twin Falls, ID 83303-1292

ACCOUNTANTS’ COMPILATION REPORT

To the Board of DirectorsIdaho Episcopal Foundation, Inc.Boise, Idaho

Management is respons ib le for the accompanying statements of financial position of the Idaho Episcopal Foundation, Inc. (a nonprofit organization), as of December 31, 2016 through 2012, in accordance with accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on the financial statements.

Management has elected to omit substantially all of the disclosures required by accounting principles generally accepted in the United States of America. If the omitted disclosures were included with the statements of financial position, they might influence the user’s conclusions about the Company’s financial position. Accordingly, these statements of financial position are not designed for those who are not informed about such matters.

We are not independent with respect to the Idaho Episcopal Foundation, Inc.

Ataraxis Accounting & Advisory Services, Chtd.March 29, 2017

2016 2015 2014 2013ASSETS: Current Assets

Cash 49,469$ 168,363$ 40,069$ 32,161$ Misc Receivable - - 227 - Investments 3,998,835 3,784,842 4,067,113 4,036,808

Total Current Assets 4,048,304 3,953,205 4,107,409 4,068,969 Long Term Assets

Furniture 4,622 4,622 4,622 4,622 Total Assets 4,052,926$ 3,957,827$ 4,112,031$ 4,073,591$

LIABILITIES & NET ASSETS: Current Liabilities

Distributions payable 20,872$ 18,612$ 20,209$ 19,386$ Payroll tax liabilities 286 317 434 438

Total Current Liablities 21,158 18,929 20,643 19,824 Long Term Liabilities

Funds Held In Trust Diocesan Endowment Operating 907,552 909,902 957,899 955,716 Diocesan Endowment Restricted 189,211 193,169 200,042 190,781 Other Diocesan Funds 818,030 787,144 825,366 914,898 Funds Held for Others 1,484,877 1,436,162 1,475,244 1,371,284

Total Long Term Liabilities 3,399,670 3,326,377 3,458,551 3,432,679 Total Liabilities 3,420,828 3,345,306 3,479,194 3,452,503

Net AssetsTemporarily restricted 34,833 55,950 85,872 - Permanently restricted 15,301 6,418 4,392 - Desginated 437,975 439,109 462,272 - Unrestricted 143,989 111,044 80,301 621,088

Total Net Assets 632,098 612,521 632,837 621,088 Total Liabilities and Net Assets 4,052,926$ 3,957,827$ 4,112,031$ 4,073,591$

As of December 31, 2016 through 2012STATEMENTS OF FINANCIAL POSITIONThe Idaho Episcopal Foundation, Inc.The Idaho Episcopal Foundation, Inc. STATEMENTS OF FINANCIAL POSITION

As of December 31, 2016 through 2012

$1000 AND UPNancy KoonceDick and Susan ParrishWilma Wonderlich

$500 - $999Chad & Teri CheyneyCarol MacGregorJodi ReynoldsBrian Thom & Ardele Hanson

$250 - $499Glenn & Stephanie CrumrineRon & Sara GambassiJerry & Cheryl KornRubin & Susan PerinGary & Julie SleeSusan WishneyMark & Nicole Woychick

$100 - $249Tony ArambarriGene & Karen BaumertLarry BaxterJohn BeckwithHeather BlackKen & Rachel BrannonSam & Jane CamporealeJerry & Chris DickardCurtis & Mardo EatonGreg & Buddy HallScott HelfertySusan Kelley-HarbkeWally & Luise LonerganDon & Diane PaulsonPatty Rowett-MatlockAnn SandvenCarol ShanahanJack & Donna StalleyClyde TooleDavid & Margie Wilkins

UP TO $99Gina AhrensRich & Dani Jo AlexanderLucinda AshbyRobin BaumgartnerMarie BlanchardChas & Torene BonnerCal & Marilyn ButlerBlake CoatsArt DahlTim & Paula DoddScott & Susie EllsworthJohn FieldMary FlaschnerJudianne FullerCamille GlennDebbie GreenleafRod & Jill GustDean HagermanRon & Mary HarrisDiane HechtJohn HeldEurice HenningfieldJames HerndonKaren HunterCindy Jardine

Ron & Tammy JonesRuth KeethJoe & Carrol KellerJanet and Rob KingKevin & Debra KraalGene & Barb KurtzMarcia LiebichCarol LofquistJohn Matthew & Judy McKayCraig & Camille MeadowsGary & Christine MerrittRon PetersonHenry & Sue ReentsScott RudeenJim RudolfWayne Schmidt & Carter HedbergNorm & Wendy SchrummIone ShelpAndrew & Emily Van HiseMary Lou WeinerDavid WettsteinSue YoungJoy Zaher

2 O 1 6 D O N O R S

GOOD SHEPHERDS$5000 AND UPJack Dancer*Clair* & Mickey DensleyWallace & Luise LongerganRichard & Susan ParrishEarl* & Jodi Reynolds Robert* & Maxine RowettDavid & Susan Wishney

BENEFACTORS$2500 - $4999Greg & Buddy HallRon & Mary HarrisNancy KoonceValerie LogeF.E. Osborne*

FELLOWS$1000 - $2499Harry* & Kit BainbridgeGene & Karen BaumertJohn BeckwithVernon BrasseySteve BrownSam & Jane CamporealeJohn ChapmanHelen Copple*Diane Crawford

Mary FlaschnerRobert HankeyLois Heagle*Ruth KeethBarry KellerSusan Kelley-HarbkeRob & Janet KingJerry & Cheryl KornBill LehmanLuanne CrumpCarol MacGregorJoseph Marshall*John Matthew Judy McKayScott RudeenLars & Ann SandvenMurdoch EstateLes & Carol ShanahanGary & Julie SleeBrian Thom & Ardele HansonFred ThompsonSuzanne WakemanWm & Virginia Woolley

SUSTAINERS$100 - $999Virginia AhrensRobert AlexanderThomas and Mildred AllenPaul Anderson

Tony ArambarriLucinda AshbyBetty Thomas BakerLarry BaxterHeather BlackJudy BootheKen BrannonAnne BrownJan BrumbachRichard CorriganDiane CrawfordGlenn & Stephanie CrumrineJames DavisLes DieterM. Allyn Dingel*Larry & Gretchen DownerDennis & Dale DrewAnnette DurkinJim & Becky DwyerMartin DwyerCurtis & Mardo EatonScott & Susan EllsworthHank EvansJohn FieldPamela FonshillJoanne Galbraith*Ron & Sara GambassiMaria GebhardsWilliam & Laura* GibsonElbert Gilbertson

Jeff & Paula GoodingDebbie GreenleafFritz & Jennifer HaemmerleDean HagermanPat HarbertLarry & Willa HarrelsonScott HelfertyEurice HenningfieldJames HerndonWendell HigginsMargaret HillCharles HummelRandy & Karen HunterDick & Cindy JardineKristen JohnsonRon & Tammy JonesJoe & Carrol KellerMelinda KimGene & Barbara KurtzTimothy LogeTony MabbattMichael & Jan McBrideBon MunsonChris NelsonRick & Lisa OgleDon & Diane PaulsonRubin & Susan Perin Peter* & Kyleen PerryDavid RobertsonPatty Rowett-Matlock

Deb SelesWm & Maureen SellersKurt & Ann SeppiIone ShelpWalt SinclairWalt SmithJack & Donna StalleyAlan SwajkoskiAlan TerrillJ.M. TheligesMartin ThomasJohn & Jan ThorntonClyde TooleMaria TrebbyBruce TurnerDavid & Belinda WettsteinPatricia WilcombDavid & Margie WilkinsMark & Nicole WoychickJoy Zaher

*Indicates deceased

BISHOP BIRNEYBUILDERS BISHOP BIRNEY BUILDERS ARE INDIVIDUALS WHO HAVE GIVEN TO THE IEF THROUGH THE YEARS. THEIR GIFTS

HAVE BUILT A FOUNDATION FOR THE MISSION AND MINISTRY OF OUR DIOCESE.

t h e I d A h o e p I s c o p A l F o u n d A t I o n1858 W JudIth lAne, BoIse, IdAho 83705

W W W . I d A h o e p I s c o p A l F o u n d A t I o n . o R g

Getting Involved:• Represent your parish as a member• Apply for a grant for a ministry you are working with The grant cycle starts August 1st• Nominate a person for the Excellence in Mission Award Nominations are due January 31, 2018• Attend the Bishop’s Banquet and Barbecue Barbecue – October 7, 2017 – St. Luke’s, Idaho Falls Banquet – April 14, 2017 – Riverside Hotel, Boise• Become a Bishop Birney Builder by contributing regularly• Talk to your parish about investing with the IEF• Consider leaving a legacy gift to your parish or the IEF

Talk to any board member or call Stephanie at 208-345-4440 for more information.

Board of Directors2 0 1 6 - 2 0 1 7

Julie Slee, President

The Rev. Karen Hunter, Vice-President

Tom Jones, Treasurer

Larry BaxterMary FlaschnerRon Gambassi

Dean HagermanGreg Hall

Carrol KellerNancy Koonce

Jerry KornGene Kurtz

Carol ShanahanThe Rt. Rev. Brian Thom

Mark Woychick