Staff & Leadership
The Community Foundation’s leadership is uniquely qualified to oversee the philanthropic endowments of the Hill Country, and everyone supports the Foundation’s long-standing tradition of excellence in governance, stability, and fiduciary responsibility.
Meet the Trustees
The Community Foundation is governed by a 12-member Board of Trustees. The Board is comprised of volunteer leaders from across the Hill Country. Trustees serve three-year terms that are renewable once.
Molly Adams - President
Mark Haufler - Vice President
Charlie Givens - Treasurer
Elizabeth Althaus - Secretary
Penny Van Shoubrouek
The Community Foundation achieves its mission by working its strategic plan. Below is a synopsis of its overall strategy; to read the complete plan, click here.
Through thoughtful allocation and investment as well as aggressive leveraging of additional resources, the Foundation will significantly contribute to a thriving Texas Hill Country. The Community Foundation realizes community change through grantmaking, nonprofit development, community leadership, and resource development.
Continual communication to stakeholders about the mission, vision, services, and impact of the Foundation supports its other strategic priorities and develops a culture of philanthropy in the Hill Country. The Community Foundation develops educated awareness through transparency, thoroughness, and consistency in its communications as well as through its leadership.
With operational excellence, cost efficiencies are realized, stakeholders have positive experiences, and the Foundation demonstrates it’s the trusted community steward it’s expected to be. The Community Foundation achieves organizational excellence by demonstrating superior customer service, legal compliance, an efficient and effective working environment, and technology-driven management and administrative practices.
The Foundation’s assets will continue to grow with solid relationship building and prudent investment management – we grow to have even greater impact on the Hill Country in perpetuity.
Financials & Reports
Our dedication to fiscal responsibility, transparency, and stewardship has resulted in our being entrusted with over 200 charitable funds and $26 million in assets.
We are stewards of donor intentions and beholden to the Hill Country communities we serve. All funds are efficiently managed, balancing short- and long-term goals, in accordance with their specific missions.
As a public charity, the Community Foundation operates in the public view and public interest. Its federal tax returns and audited financial statements are available to the public. Below are the five most recent audits and filed Form 990.
The Community Foundation participates in the National Standards for U.S. Community Foundations, an accreditation program administered by the Community Foundations National Standards Board. Its current certification is valid through July 2022.
The Community Foundation is a respected fiscal manager of charitable funds, bequests, trusts, and other complex financial instruments. We take a thoughtful approach to diversification in order to mitigate risk, eschew volatility, and identify opportunities that add value. Donors may also set up customized investment management through partnership with their advisor and the Foundation.
The Community Foundation responds to the charitable needs of Hill Country communities and therefore manages its funds in such manner as to support current and future needs. The Foundation's Investment Committee oversees this work.
Investment Committee Members
Karol Schreiner, Chair
Security State Bank & Trust
Austin Dickson (Ex Oficio)
Community Foundation of the Texas Hill Country
Davidson, Freedle, Espenhover & Overby, P.C.
Wells Fargo Bank
Strategy & Targets
The Community Foundation requires a total rate of return in a range of 4% to 6%, net of fees and inflation, within the Foundation’s 20-quarter investment time horizon.
The Community Foundation sets long-term asset allocation ranges and reviews them with regularity. Rebalancing of the allocation of assets is considered at least annually to ensure they are within the Foundation’s investment policy guidelines.
The asset allocation strategy below meets the Foundation’s current needs.
Asset Allocation Parameters:
25-40% Fixed Income
0-20% Alternative Investments
Since 1981, the Community Foundation has served as a public charitable institution dedicated to improving the lives and realizing the philanthropic visions of the people of the Texas Hill Country. We are committed to a policy of openness and transparency, and our governance and policy documents – including Internal Revenue Service verification of our 501(c)(3) public charity status, articles of incorporation, bylaws, and others – are available to the public.
City of Kerrville, TX - City Hall Announces:
COMMUNITY FOUNDATION EARNS KERRVILLE KINDNESS AWARD
The City of Kerrville on Tuesday recognized The Community Foundation of the Texas Hill Country with the Aug. 25, 2020 Kerrville Kindness Award. The Community Foundation of the Texas Hill Country, a public charitable foundation created by and for residents of the Texas Hill Country, has been instrumental in the facilitation and distribution of funds created to address the needs of area individuals during the COVID-19 pandemic. The Foundation oversees the Kerrville Utility Kindness fund, the Hill Country Strong fund and the Kerrville Food Relief fund, all of which have directly eased some of the suffering caused locally by the worldwide virus.