Terwilliger Plaza Foundation, Inc.
2015 Annual Report
Lesta Hoel Memorial Trust Fund
2015 Annual Report
2015: A Year of Progress
PAGE 1
INSIDE THIS
ANNUAL REPORT:
The Year in Review
1
Foundation Donors
1
Cornerstone Club
2
Foundation
Financial Position
3
Foundation Statement of
Activities & Net Assets
4
Treasures
4
Foundations Donors
(continued)
5
2015 Summer Solstice
6
2015 Fall Gala
7
Lesta Hoel Fund Donors &
8
2015 Foundation Donor Awards
Lesta Hoel Fund
Balance Statement
9
Lesta Hoel Fund Statement of
Activities & Net Assets
10
About the Foundation
Back
Grantmaking
Back
Cornerstone Club
Cornerstone Club Members
may join at any time and are
welcomed throughout the
year. The Cornerstone Club
holds an annual luncheon to
celebrate its Members and to
recognize new Members to
this giving society.
Cover Photo (left to right):
Robert Frost, Alice Frost,
Cynthia Lewinsohn, Peter
Lewinsohn, and Shirley
Holland
Photo Credit:
Andie Petkus Photography
For the Terwilliger Plaza Foundation, the year 2015 marked a year of progress. The year started
with welcoming four new members to the Cornerstone Club and finished in a series of accomplishments including celebrating the most successful Fall Gala ever. The capstone was signing a purchase and sales agreement for the Foundation’s long-held West Linn property, which brings us
closer to realizing the donor’s vision of the net proceeds being invested into programs and
enhancements benefitting the Terwilliger Plaza community. In between those times, the Foundation
made grants. Collectively, we celebrated special moments ranging from the dedication of the
3-Dimensional display case on the third floor and to the dedication of the Roof Top Patio following
an extensive Foundation-grant funded renovation. Your involvement and support made these milestones possible. For that, we are truly grateful.
Brenda Ray Scott, CFRE
Executive Director
Terwilliger Plaza Foundation
Gifts in Memory - January 1, 2015 thru December 31, 2015
In Memory of Denise Anders
Dee Sellner
In Memory of Elizabeth Asbury
Don and Edythe Barr
Clifford Droke and
Diane Pinney
**Mary Jane Goeth
Hugh and Shirley Harcourt
Eileen Markson
Frances Ousley
D. Elizabeth Reid
Nan Jean Roller
Bob and Marilyn Schuberg
Twelfth Floor Members of the Tower
In Memory of Ruth Barbour
Fifth Floor Members of the Tower
Marguerite Metcalf
In Memory of Barry Barnett
Dee Sellner
In Memory of Ruth Becker
Gina Bonner
Eighth Floor Members of the Tower
In Memory of George Bingham
Clifford Droke and Diane Pinney
*Al Goudy
Hugh and Shirley Harcourt
**Charles Lutton
Mary Myers
*Frances Ousley
Rose Rustin
Dee Sellner
Third Floor Members of the Tower
Gift Designations
2015 ANNUAL REPORT
TERWILLIGER PLAZA FO UNDATION
In Memory of Marjorie Briggs
***Carolyn Savage
In Memory of Ruth Chapin
Anonymous
Hugh and Shirley Harcourt
Frances Ousley
Nan Jean Roller
Tenth Floor Members of the Tower
In Memory of Maxine Dereiko
***Carolyn Savage
In Memory of Marge Elkins
Pat Berg
Fifth Floor Members of the Tower
Marguerite Metcalf
In Memory of John Fillmore
Pat Berg
Fifth Floor Members of the Tower
Marguerite Metcalf
Frances Ousley
In Memory of Don Frisbee
Al Goudy
Don and Edythe Barr
***Kitty Bassett
Pat Berg
**Mary Jane Goeth
Al Goudy
Jim and Lynn Manuel
Marguerite Metcalf
Rose Rustin
In Memory of Charles
Frischmann
Fifth Floor Members of the Tower
In Memory of Nancy Funsten
Ford Funsten
Tom and Carolyn Gavin
Mary Ellen Higgins
In Memory of Peter Goodwin
Marian Love
In Memory of Imogene Huffine
***Carolyn Savage
Sixth Floor Members of the Tower
In Memory of Joyce Hulse
Tom and Colleen Foster
Jim and Lynn Manuel
D. Elizabeth Reid
Carolyn Savage
Bob and Marilyn Schuberg
In Memory of Rosalie Humphrey
Don and Edythe Barr
Tom and Colleen Foster
Ninth Floor Members of the Tower
In Memory of Helen Ingram
Twelfth Floor Members
of the Tower
In Memory of Carole Katz
Tom and Colleen Foster
Mary Ellen Higgins
Frances Ousley
Rose Rustin
In Memory of Becky Koch
Eleventh Floor Members
of the Tower
Tom and Colleen Foster
**Terwilliger Plaza Foundation Endowment Fund
***Swanson Classical Music Fund
PA G E 2
TERWILLIGER PLAZA FOUNDATION
Cornerstone Club Members (12/31/15)
Joseph & Misako Allerdice
Anonymous (4)
James R. Blackaby
Virginia Burgess
Jean Cory
Allen Dobbins
Byron and Mary Dougan
Mitzi Ellis
Tom and Carolyn Gavin
Barbara Goy
Sally Hart
Ruth Hayward
Chuck Lutton
Pat Mahone
Marian Martinez
Brad and Janet Mersereau
Marguerite Metcalf
Marie Nylen
Frances Ousley
Scott Philips
D. Elizabeth Reid
Carl Rosenburg
Rose Rustin
Geraldine Sargent
Bob Schuberg
Dee Sellner
Jeanne Steed
Cornerstone Club Members: Remembered
Betty Allen
Anonymous
Doris Anderson
John L. Anderson
Bob Burdick
Rose Cannon
Frank & Eleanor Chown
Catherine Clarke
Stanley Cohn
Margaret Crabtree
Margaret Edwards
Margaret Emory
Gayle and Frank Faha
Ada Gange
Naomi Garnjobst
Greg and Dorothea Gingell
Lou and Del Greenfield
Guinivere Bryan Hall
Constance Hanf
John Harrison
Hal Hart
Elizabeth Heater
Louise and James Heilig
Florence Heim
Lesta P. Hoel
M. Joyce Hulse
Sam Jagger
Leighton and Phyllis Johnson
Frances “Bunny” Jubitz
Jane Winks Kilkenny
George Knox
Jean Leaf
Betty Lindsay
Ethel Lutton
Lucy Marlitt
Robert and Margaret McGill
Bernardita Medina
George and Katherine Metcalf
Dorothy H. Miller
B. Marie Miller
Dorothy Newman
Louise Peterson
Phyllis Pratt
George and Claire Rives
Margaret Robinson
Marilyn Schuberg
Burton C. Selberg
Maxine Selberg
Leon N. Sherban
Mildred P. Smith
Grace L. Spacht
Bill and Polly Spofford
Douglas Strain
Robert Swanson
Gretchen “Day” Trommald
Martha Turner
Mary Vance
Franklin White
Grace and Bruce White
Paul Yeager
Gifts in Memory - January 1, 2015 thru December 31, 2015
In Memory of Becky Koch
Frances Ousley
Linn and Jan Pedersen
***Carolyn Savage
In Memory of Anne
Kronenberg
**Kitty Bassett
Tom and Colleen Foster
In Memory of Christina Laing
Cheryl J. McDowell
In Memory of Betty Lindsay
Jean Cory
Allen Dobbins
Mary Ellen Higgins
**Charles Lutton
Eileen Markson
Katharine McDuffie
Ninth Floor Members of the Tower
*Frances Ousley
D. Elizabeth Reid
In Memory of June Martel
Sixth Floor Members of the Tower
In Memory of Farley Maxwell
**Tom and Carolyn Gavin
Al Goudy
F. Eileen Elliot
Jim and Lynn Manuel
Carolyn Savage
In Memory of Hannah May
Don and Edythe Barr
Jean Cory
Tom and Colleen Foster
Jim and Lynn Manuel
Eileen Markson
Mary Myers
Rose Rustin
Seventh Floor Members
of the Tower
In Memory of J. Robert McGill
Eileen Markson
In Memory of Roy Metcalf
Marguerite Metcalf
In Memory of Beverly Partridge
**John Partridge
In Memory of Ralph Pratt
Al Goudy
Don and Edythe Barr
Fourth Floor Members
of the Tower
Frances Ousley
D. Elizabeth Reid
In Memory of Donna Jean Ray
Dee Sellner
In Memory of Claire Rives
Clifford Droke and Diane Pinney
In Memory of George Rives
Clifford Droke and Diane Pinney
In Memory of Ella Louise
Schmidt
Dee Sellner
In Memory of Marilyn Schuberg
Don and Edythe Barr
Flora Barrows
Vicki and Brian Chase
Classic Foods Ltd.
Eleventh Floor Members
of the Tower
In Memory of Marilyn Schuberg
Charles Lutton
Jim and Lynn Manuel
Eileen Markson
Mary Myers
Joan Pollard
Susan Pflaum-Quarterman
D. Elizabeth Reid
Rose Rustin
Bob Schuberg
Steven W. Seymour
In Memory of Maxine Selberg
Fourth Floor Members
of the Tower
Carolyn Savage
In Memory of James Stewart
D. Elizabeth Reid
Rose Rustin
***Carolyn Savage
In Memory of Mable Stephens
Pat Berg
Fifth Floor Members of the Tower
Marguerite Metcalf
List continues on pg. 5
PA G E 3
T E R W I L L I G E R P L A Z A F O U N D AT I O N
Audited Financial Statements
The Terwilliger Plaza Foundation conducted an independent annual audit by the accounting firm of Hansen Hunter & Co.
P.C. for fiscal year end 2015 and 2014. The following tables illustrate the financial position for the Foundation and TPF
Holdings, LLC combined. The auditors issued an unqualified or “clean” opinion for 2015 and 2014. A full copy of the
audited financial statements is available upon request.
Terwilliger Plaza Foundation, Inc.
Audited Consolidated Statements of Financial Position
Year Ended December 31, 2015 and 2014
Year Ended
12/31/15
Assets
Cash and cash equivalents
Certificates of Deposit
Accrued interest receivable
Gift annuities receivable
Endowment Funds held by the Oregon Community Foundation
Assets whose use is limited
Cash & and cash equivalents - board designated
Cash and cash equivalents - donor restricted
Land - donor restricted
Prepaid land costs - donor restricted
Total assets
Liabilities
Accounts payable
Accounts payable - related party
Total liabilities
Net assets
Unrestricted
Temporarily restricted
Permanently restricted
$
2015 ANNUAL REPORT
TERWILLIGER PLAZA FO UNDATION
324,810
299,901
329
96,671
602,579
3,200
187,844
5,625,000
222,468
3,200
253,751
4,585,000
199,241
$
7,417,840 $
6,365,482
$
1,723
500,635 $
393,920
$
502,358 $
393,920
$
774,307 $
5,849,993
291,182
688,058
5,006,829
276,675
6,915,482
5,971,562
7,417,840 $
6,365,482
Total net assets
Total liabilities and net assets
517,513 $
199,779
381
91,258
570,397
Year Ended
12/31/14
$
PA G E 4
T E R W I L L I G E R P L A Z A F O U N D AT I O N
Audited Consolidated Statement of Activities and Changes in Net Assets
Year Ended December 31, 2015 and 2014
Unrestricted
Revenues and Gains
Contributions
Legacies and Bequests
Investment income, net
Investment income (loss), endowment funds
Unrealized investment gains
Thrift shop income
Special events income
Proceeds from Sale of Donated Assets
Change in Valuation of Gift Annuities
Total revenues and gains
Permanently
Restricted
Year Ended
12/31/14
$
$
262,403
(262,403)
-$
-$
-
Total net assets released from restrictions $
262,403
(262,403)
-$
-$
-
Total revenues, gains, and losses
$
398,438
855,462
14,507 $
$
199,354
34,073
9,860
47,431
19,324
2,147
-
-
-$
-
-
12,298
312,189
12,298
86,249
843,164
Expenses
Grants
Pass through expenditures
Audit and tax expenses
Payroll and related costs
Office expenses
Fundraising expenses
Special events expenses
Total expenses
$
Change in net assets
3,410 $
11,097
14,507 $
Year Ended
12/31/15
104,567 $
34,123 $
21,865
1,415
4,868
(122)
1,026,821
17,572
47,151
261
128
(9,523)
4,774
136,035
1,117,865
Net assets released from restrictions
Satisfaction of program restrictions
$
Temporarily
Restricted
142,100 $ 143,020
21,865
25,000
1,415
3,102
4,868
14,623
1,026,699 1,840,496
17,572
12,563
47,151
34,853
389
88
6,348
10,911
1,268,407 $ 2,084,656
1,268,407 $ 2,084,656
168,569
41,745
7,275
-
199,354 $
34,073
9,860
47,431
19,324
2,147
12,298
-$
324,487 $
227, 030
14,507
943,920
640
8,801
1,857,626
Net assets, beginning of year
$
688,058
5,006,829
276,675 $
5,971,562 $ 4,113,936
Net assets, end of year
$
774,307
5,849,993
291,182 $
6,915,482 $ 5,971,562
Terwilliger Plaza Foundation
PA G E 5
Foundation Gifts January 1 thru December 31, 2015
Gifts in Memory
Unrestricted
In Memory of Louis Townsend
Dee Sellner
In Memory of Douglas S.
Vannier
Dee Sellner
In Memory of John Wild
Eighth Floor Members
of the Tower
Mary Ellen Higgins
D. Elizabeth Reid
Rose Rustin
Bob and Marilyn Schuberg
Sabine Wild
In Memory of Ruth Ann Wilson
Betsy Carnes
Sixth Floor Members
of the Tower
In Memory of Marise
“Marcy” Wolfard
Pat Berg
Fifth Floor Members
of the Tower
Marguerite Metcalf
In Memory of Tom Wright
Flora Barrows
James Anderson and
Anne Lynch
Anonymous
Mary Baumgardner
Pat Berg
James R. Blackaby
Cathleen Cavin
Tom and Carolyn Gavin
Jack Grey and
Phyllis Edy-Grey
Mary Ellen Higgins
Joyce Hull
Dorothy Johnson
Charles and Gloria Kovach
James and Elizabeth
McFarland
Ruth Mendelsohn
GIFTS IN HONOR
In Honor of Betty Balmer
***Kitty Bassett
***Gloria Mighell
In Honor of Margie Burdick
***Gloria Mighell
In Honor of Byron Dougan
James and Elizabeth
McFarland
In Honor of Tom Foster
Ninth Floor Members
of the Tower
In Honor of Betty Gedney
Jerome Klefner
In Honor of Combined Birthdays
x 10 + 10
Brad and Janet Mersereau
In Honor of Bob and
Marilyn Schuberg
**Carrie Saito
In Honor of Terwilliger
Plaza Wellness Staff
Sue Beardwood
GIFTS IN HONOR OF BILL WILSON
Anonymous (2)
Ron and Naomi Bloom
Ben and Claudia Boswell
Mary Cawthon
Marva Guenther
Mary Ella Kuster and
Michael Keating
Peter and Cynthia Lewinsohn
Jim and Lynn Manuel
Mary Myers
Frances Ousley
D. Elizabeth Reid
Betty Roren
Rose Rustin
Carolyn Savage
Brenda Ray Scott
Dorothy Wysham
Gift Designations
**Terwilliger Plaza Foundation Endowment Fund
***Swanson Classical Music Fund
We apologize if the name of any donor has been omitted from this
list or misspelled for gifts listed in this annual report. Contact
Foundation Executive Director Brenda Ray Scott at 503-808-7884
or [email protected] so that we may correct the error.
2015 ANNUAL REPORT
TERWILLIGER PLAZA FOUNDATION
Elizabeth “Anne” Olson
Scott Philips
The Scott Philips Fund
of the Equity Foundation
Shirley Phipps
Joan Rague
Nan Jean Roller
The Rose City Banjoliers
Bob Schuberg
David and Frances Sessions
Don and Earlene Sharpe
Swisher
Leif and Marjorie Terdal
Marvin and Nancy Weinstein
Sue West
Mary Wilde
John and B.J. Wittwer
Rod and Carol Woodworth
OTHER GIFTS
Terwilliger Plaza Foundation
Endowment Fund
Apollonia Geiger
Katherine “Kate” Robinson
Vehicle Donation
Stan Dallas and
Elizabeth Copenhaver
Volunteers of America
Matured Charitable
Gift Annuity
Elizabeth Lindsay
M. Joyce Hulse
Phyllis Pratt
Gift of Life Insurance
Anonymous
Treasures: The Shop
Treasures, the Plaza’s onsite thrift shop, contributed $17,304 in
2015. A committee of Members including Sue Beardwood, Gina
Bonner, Alice Frost, Shirley Holland, Pat Peterson, Cynthia Lewinsohn, Alice Ronald, Rose Rustin, Bob Schuberg, and Marjan
Wazeka lead by co-chairs Kathleen Rogovoy and Frances Sessions volunteered their time providing services from accepting and
assessing gifted items to providing expert customer service during
shop hours.
In 2015, proceeds from the shop went to the Foundation’s unrestricted fund making it possible for the Foundation’s Board of Directors to allocate the funds where the need is greatest and will have
an impact.
In-Kind Gifts
Many thanks to our donors who contribute merchandise to Treasures, books to our Library, and artworks for the Plaza’s collection!
PA G E 6
Terwilliger Plaza Foundation
2015 Summer Solstice: Tea in the Garden
More than 110 Members enjoyed “Tea in the Garden” on Friday, June 19, 2015. This year’s annual luncheon featured a menu and beverages inspired by a traditional tea service and entertainment was provided by pianist and composer Brad Mersereau. Each table featured unique teathemed decorations with roses from the Plaza’s garden. The menu included delicious treats including traditional cucumber sandwiches and much more.
The table is set!
Support for the event came from Business Superstar sponsors Bullard Law and Umpqua Bank as
well as Business Supporter sponsors Apollo Drain & Rooter Service, Inc., Portland Lighting, Inc.
and Recology Portland, Inc. Special thanks to our many patrons, ticket purchasers, and contributors who also supported the event. Special thanks to the Plaza’s Hospitality and EVS teams,
Melissa Augustine and Lynda Devery, and also the many other staff who contributed time and
talent for the event. Volunteers for the event included Scott Philips and Beth Reid who managed
the Lobby Ticket Sales for the event. Our thanks to Members, sponsors, volunteers, staff, and all
who contributed to the success of this year’s event.
The more than $6,500 in net proceeds from the event will strengthen the Foundation’s capacity
for making grants that fund equipment and programs that enhance the quality of retirement living
at Terwilliger Plaza.
(left to right, close front)
Pat and Bob Peterson
(back, standing)
Dee Sellner
Sponsors
BUSINESS SUPERSTAR
Bullard Law
Umpqua Bank
BUSINESS SUPPORTER
Apollo Drain & Rooter Service, Inc.
Portland Lighting, Inc.
Recology Portland Inc.
Event Patrons
(left to right, close front)
Mary Ellen Higgins and
Jeanne Pendergrass
Caption describing
picture or graphic.
Claire Amsden
Anonymous
Diana Baird
Don and Edythe Barr
Kitty Bassett
Mary Baumgardner
Pat Berg
James R. Blackaby
Mary Cawthon
Allen Dobbins
Paul and Marie Fellner
Tom and
Carolyn Gavin
Mary Jane Goeth
2015 ANNUAL REPORT
TERWILLIGER PLAZA FO UNDATION
Robert and
Velma Goodlin
Al Goudy
Marva Guenther
Margaret Hamachek
Katherine Hart
Lee Hascall
Mary Ellen Higgins
Shirley Holland
James and
Joyce Jozwiak
Bill Knodell
Jim and Lynn Manuel
Eileen Markson
Marian Martinez
Robert McDaniel
Larry and
Sally McLaughlin
Ruth Mendelsohn
Marguerite Metcalf
Roma Morthland
Mary Myers
Elizabeth Olson
Frances Ousley
Philip and
Barbara Parshley
Jeanne Pendergrass
Robert and
Patricia Peterson
Scott Philips
Shirley Phipps
Al and Pat Rieke
Nan Jean Roller
Rose Rustin
Geraldine Sargent
Roy Schreiber
and Carole Heath
Maxine Selberg
Ethel Stevens
Sabine Wild
Bill Wilson
John and B.J. Wittwer
Rod and
Carol Woodworth
Robert and Evelyn Wulf
PA G E 7
T E R W I L L I G E R P L A Z A F O U N D AT I O N
2015 Fall Gala: Hooray for Hollywood
Terwilliger Plaza Foundation’s Fall Gala, held on Friday, October 9,
2015 raised a record setting $28,600 in net proceeds to help the Foundation to build the grant making capacity of the Foundation. The nearly
50 percent growth over the previous year reflects 100 percent growth
in sponsorship proceeds.
Guests enjoyed cocktails as Plaza favorites Pianist Sally Harmon and
Bassist Frank Gruner played standards from the American Song Book
and other tunes. After dining on a delicious meal designed, prepared,
and served by the Plaza’s Culinary Team, guests adjourned to the
Auditorium where they enjoyed music provided by the Kevin Karrick
Nostalgia Trio featuring special guest Susan Sandel.
Special thanks to our Event Sponsors, Patrons, Ticket Purchasers,
Silent Auction Donors, and staff who made the event such a success.
(left to right) Plaza Board Chair Scott Philips
and Plaza Resident Council Chair Joanne Rannells
Event Sponsors and In-Kind Donors
Presenting Sponsor
Moss Properties
Lead Sponsor
R & H Construction
Supporting Sponsor
Becker Capital Management
Business Sponsor
Advanced Alarm Systems
Hansen Hunter & Co. PC
LRS Architects, Inc.
Orrick Herrington Sutcliff LLP
Business Patron
Lovsted-Worthington, Inc.
McKesson
Stoel Rives LLP
Plaza Friend
Cash’s Drapery, Inc.
KONE Inc.
MICI
Ron’s Service, Inc.
Willamette Dental
In-Kind Donations
B&B Print Source
Eastside Distilling
(left to right) Plaza Members Anita Cobb,
Carole Lacampagne, Lee Hascall, and Dorothy Johnson
Event Patrons
Anonymous
Kitty Bassett
Pat Berg
James R. Blackaby
Elizabeth “Ibby” Brooke
Ginny and Jerry Burgess
Mary Cawthon
Jean Cory
Allen Dobbins
Clif Droke and
Diane Pinney
Mitzi Ellis
Paul and Marie Fellner
Robert and Alice Frost
Diane and Paul Gibson
Jane Goeth
Robert and Velma Goodlin
Alan Goudy
Marva Guenther
Nancy D. Haigwood
Katharine Hart
Mary Ellen Higgins
Dorothy Johnson
James and Joan Jozwiak
Bill Knodell
Jim and Lynn Manuel
Eileen Markson
Marian Martinez
Robert McDaniel
Robert McDowell
Larry and Sally McLaughlin
Ruth Mendelsohn
Marguerite Metcalf
Roma Morthland
Mary Myers
Marie Nylen
Philip and Barbara Parshley
Bob and Pat Peterson
Scott Philips
Thomas and Joanne Rannells
D. Elizabeth Reid
Allyn and Patricia Rieke
Katherine “Kate” Robinson
Nan Jean Roller
Rose Rustin
Carolyn Savage
Brenda Ray Scott
Mary Lou Stewart
Marjorie Wazeka
Sabine Wild
Bill Wilson
John and B.J. Wittwer
Rod and Carol Woodworth
Bob and Evelyn Wulf
Lesta Hoel Memorial Trust Fund 2015 Annual Report
PA G E 8
Gifts Received January 1 - December 31, 2015
Gifts in Memory
In Memory of Elizabeth Asbury
*Diane Gibson
In Memory of Ruth Barbour
*Diane Gibson
In Memory of Ruth Becker
*Diane Gibson
In Memory of George
Bingham
Don and Edythe Barr
*Diane Gibson
In Memory of Ruth Chapin
Anonymous
James R. Blackaby
*Irene Etlinger
*Diane Gibson
*Elisabeth Linder
*Lillian McDowell
In Memory of John A. Crampton
Anonymous
In Memory of Richard Dana
*Diane Gibson
In Memory of Maxine Dereiko
*Diane Gibson
In Memory of Marge Elkins
*Diane Gibson
In Memory of John Fillmore
Don and Edythe Barr
*Diane Gibson
In Memory of Don Frisbee
*Diane Gibson
General Gifts to the Fund
Anonymous
James R. Blackaby
Bill and Betty Guyer
Harold and Elizabeth Hinds
Carole Katz
Bert Shafer
Lesta Hoel Current Needs
Judith Kretzmann
Ann Neuman
Dr. Marie U. Nylen
Nancy Rilling
Marvin and Nancy Weinstein
*Lesta Hoel Current Needs
In Memory of Charles Frischmann
Don and Edythe Barr
*Diane Gibson
In Memory of Imogene Huffine
*Diane Gibson
*Carolyn Savage
In Memory of Joyce Hulse
*Diane Gibson
*Charles Lutton
In Memory of Rosalie Humphrey
*Diane Gibson
*Carolyn Savage
In Memory of Helen Ingram
*Diane Gibson
In Memory of Carole Katz
*Diane Gibson
Third Floor Members of the Tower
In Memory of Louis Kaufman
*Diane Gibson
Seventh Floor Members
In Memory of Becky Koch
*Diane Gibson
In Memory of Anne Kronenberg
*Diane Gibson
Third Floor Members of the Tower
In Memory of Shirley Kuse
*Diane Gibson
In Memory of Christina Laing
*Diane Gibson
In Memory of Betty Lindsay
Don and Edythe Barr
*Irene Etlinger
*Al Goudy
*Diane Gibson
Charles Lutton
Frances Ousley
In Memory of June Martel
*Diane Gibson
In Memory of Farley Maxwell
*Diane Gibson
In Memory of Hannah May
*Irene Etlinger
*Diane Gibson
Harley and Ulla Sachs
Carolyn Savage
In Memory of Beverly Partridge
John Partridge
In Memory of Peter Paul
*Diane Gibson
In Memory of Phyllis Pratt
*Diane Gibson
In Memory of Ralph Pratt
*Diane Gibson
*Charles Lutton
In Memory of Marilyn Schuberg
*Diane Gibson
Al and Patricia Rieke
Carrie Saito
In Memory of Eleanor Schwabe
*Diane Gibson
In Memory of Maxine Selberg
*Diane Gibson
*Carolyn Savage
In Memory of Mable Stephens
*Diane Gibson
In Memory of James Stewart
Fourth Floor Members
of the Tower
In Memory of John Wild
*Diane Gibson
In Memory of Ruth Ann Wilson
*Diane Gibson
In Memory of Arnold Wolpin
*Diane Gibson
Fourth Floor Members
of the Tower
In Memory of Elizabeth Wylie
*Diane Gibson
In Memory of Tom Wright
Harley and Ulla Sachs
Gifts in Honor
In Honor of Our 50th Wedding
Anniversary
*Joseph and Misako Allerdice
In Honor of
John and Mary Dimond
Wedding Anniversary
Bill and Barbara Leighton
In Honor of Joyce Hulse
*Carrie Saito
Foundation 2015 Donor Awards
Each year, the Terwilliger Plaza Foundation presents two awards to select donors: Spirit of
Giving and Donor of the Year. The awards were presented by Foundation Board President Mary
Ellen Higgins and Foundation Executive Director Brenda Ray Scott on April 14, 2016 to Members
gathered for the CEO’s Forum and their photos added to the perpetual listing of these award
winners that appears as part of the Donor Wall display at Terwilliger Plaza.
Donors of the Year
2015 Donors of the Year
Joseph and Misako Allerdice
2015 Spirit of Giving Award
D. Elizabeth “Beth” Reid
PA G E 9
Lesta Hoel Memorial Trust Fund 2015 Annual Report
Lesta Hoel Memorial Trust Fund (LHMTF) is a separate 501(c)(3) not-for-profit supporting Terwilliger Plaza. The Fund was established in 1967 by Lesta Hoel, a visionary
and leader of Terwilliger Plaza and the Fund’s namesake, and funded by bequests
from others in subsequent years. The LHMTF is managed by a Board of Trustees designated by the Fund to be Terwilliger Plaza’s Board of Directors.
The earnings from this Trust provide support to Members who outlive or otherwise exhaust their financial resources so they will not have to leave Terwilliger
Plaza.
The financial information provided here is a summary of the 2015 and 2014 unaudited
financial statements.
Lesta Hoel
Unaudited Balance Sheet
Year Ended December 31, 2015 and 2014
Assets
Cash in bank
Total Checking/Savings
Year Ended
12/31/15
Year Ended
12/31/14
118,975 $
118,975 $
85,074
85,074
1,600
7,906
31,545
9,057
1,218,141
1,020,997
637,014
1.315.579
1,172,295
690,919
$
2,876,152 $
3,178,793
TOTAL ASSETS
$
3,004,633
3,304,469
Liabilities & Net Assets
Member Subsidy to Terwilliger Plaza
Total Liabilities
$
18,175 $
18,175
13,964
13,964
$
(61,520) $
3,047,978
191,882
55,357
3,043,266
2,986,458
3,290,505
3,004,633 $
3,304,469
$
$
Accounts Receivable - Due from Foundation
Gift Annuity Receivable
Investments - at market value
Fixed Income Investments
Equity Investments
Held at Oregon Community Foundation
Total Investments
Net assets
Temp Restricted - Accumulated Earnings
Perm Restricted - Endowment - Board Designated
Perm Restricted - Endowment - Donor Restricted
Total net assets
Total liabilities and net assets
2015
ANNUAL
REPORT
$
PA G E
Lesta Hoel Memorial Trust Fund 2015 Annual Report
Unaudited Statement of Activities and Changes in Net Assets
Year Ended December 31, 2015 and 2014
Revenues and Gains
Contributions & Bequests
Bequests
Gift Annuities - Current Year Present
Value Adjustments
Gift Annuities - Current Year
$
Unrealized gains (losses) on investments
Transfer Board designated endowment
Total revenues and gains
Expenses and Losses
Subsidy paid to Terwilliger Plaza for benefit
of Plaza members
Permanently
Year Ended
Year Ended
Restricted
Restricted
12/31/15
12/31/14
28,210 $
5,863 $
34,073 $
41,745
-
-
69,819
(1,151)
(1,151)
367
-
-
-
-
55,398
-
55,398
56,920
(16,953)
-
(16,953)
(18,710)
(14,836)
-
(14,836)
119,511
(129,296)
-
(129,296)
4,838
55,537
(55,537)
-
-
$
(19,120)
(50,645) $
(69,765) $
274,490
$
232,510
- $
232,510 $
155,048
1,772
- $
1,772
234,282
- $
234,282 $
157,002
(50,645) $
(304,047) $
117,488
Administrative Expenses
Total expenses and losses
Temporarily
-
Interest and Dividend Income
Less Investment Fees
Realized gains (losses) on investments
10
$
1,954
Change in net assets
$
Net assets, beginning of year
$
191,882
3,098,623 $
3,290,505 $
3,173,017
Net assets, end of year
$
(61,520)
3,047,978 $
2,986,458 $
3,290,505
(253,402) $
Lesta Hoel Fund Contribution to Member Subsidy
In 2015, $232,510 was contributed by the Lesta Hoel Fund to Terwilliger Plaza, Inc. to help subsidize Members who
were unable to pay due to exhausted resources. As of December 31, 2015, there were five Plaza Members for whom
the Lesta Hoel Memorial Trust Fund was partially supporting Terwilliger Plaza for subsidized fees. In addition, the
Fund subsidized some additional in-home services for one of these Members. The number of Plaza Members receiving support from this subsidy can fluctuate as Members pass away and no longer need the support. The Fund’s ability
to contribute in providing this subsidy is an important part of Lesta Hoel and ultimately Terwilliger Plaza’s legacy.
Terwilliger Plaza Foundation has one mission with two objectives:
 To fund projects and facility improvements that enhance the quality of retirement living for all Terwilliger Plaza Members;
and
 To support the Lesta Hoel Memorial Trust Fund, which assists Members who might otherwise have to leave the Plaza
due to financial hardship.
2015 Board of Directors
The Board of Directors is made up of five to nine Directors including Members who live at the Plaza and those who live
outside the Plaza. Directors may serve a maximum of two three-year terms. The election of officers takes place at the
Foundation’s March Annual meeting with appointment of new directors taking place throughout the year. The Board reviews financial reports and determines policies specific to fulfilling the Foundation's purpose and also makes grants to support the Terwilliger Plaza community. At the Foundation’s annual meeting, the officers were elected.
Officers
Mary Ellen Higgins, President
Byron Dougan, Vice President
Lynn Manuel, Secretary
Bill Knodell, Treasurer
Directors
Stan Baumhofer
Tom Gavin
Harmon P.W. Laurin
D. Elizabeth Reid
Ex-Officio
Dee Sellner
Terwilliger Plaza
President and CEO
Diane Gibson
Terwilliger Plaza
Acting President and CEO
Making a gift
Gifts can be made via cash, check, vehicle donation, gift of stock, charitable gift annuity, or bequest. Gifts may be made in memory of
a loved one or friend who has passed away or given to celebrate a birthday, anniversary, or a special occasion or accomplishment.
Please remember the Terwilliger Plaza Foundation in your estate as a part of your legacy.
Grantmaking: The Impact of Your Gifts in 2015
During 2015, the Foundation made grants to Terwilliger Plaza for
several projects and equipment purchases. Highlights include The
photo on the front cover of this report showcases Plaza Member Bill
Wilson giving a presentation on his basketmaking career. In August,
2015, a new 3-Dimensional Display Unit was dedicated with its first
exhibit consisting of baskets contributed by Bill Wilson. Project Leader Diane Pinney described the collaborative work of herself, the
WoodWorks committee, and Member Robert Olsen in designing and
building a unit to exhibit what the team hopes is the first of many
collections exhibited in that space.
In September, 2015, the newly renovated Roof Top Patio at Terwilliger Plaza. This grant was the Foundation’s largest and funded by
the Jim Longwood Fund created through the estate of Guin Hall.
These projects are tangible reminders of the Foundation’s
impact on the Plaza community. Highlights of the grantmaking appear in the table to the right. The Foundation funded
$196,851 of projects directly benefiting the Terwilliger Plaza
community.
Highlights
Roof Top Garden
My Wellness Software
Elliptical Machine
3-Dimensional Art Display
Classical Music Concerts
Other grants
Total
$173,600
$10,282
$6,623
$2,500
$900
$ 2,946
$196,851
Our thanks to the Members and staff teams for their contributions to
the successful completion of these projects and many more.
Terwilliger Plaza Foundation
Executive Director:
Brenda Ray Scott, CFRE
2545 SW Terwilliger Blvd.
Phone: 503-808-7884
Portland, OR 97201
E-mail: [email protected]