Organizational Endowment Funds

What are they and why are they important to nonprofit organizations?

If you serve on the board of a nonprofit organization, or are privileged to lead one, did you know that Waccamaw Community Foundation (WCF) is poised to assist nonprofit organizations in enhancing their financial sustainability?

Let us be your Endowment Partners

Savvy nonprofit agencies often establish organizational endowments, also known as agency endowment funds, with their local community foundation. Organizational endowments can be cultivated and grown to serve as a permanent source of annual income for an agency’s operations and programs. The advantages of creating and maintaining an organizational endowment with WCF are particularly compelling during periods of economic uncertainty. Every dollar earned from endowment investment is one less that organizations must raise.

When you’re ready to launch or grow your organizational endowment, Waccamaw Community Foundation is your endowment partner. We help you stay focused on your mission and programs, while leaving the complex estate gift acceptance, investment management reporting and technical details to us.

How Waccamaw Community Foundation can help:

  • Waccamaw Community Foundation offers an investment program that small and midsized nonprofits cannot afford to duplicate without at least several million dollars in assets.
  • Designing an investment policy, selecting an Investment Committee and performing an extensive, thoughtful investment advisor search can be a major distraction for any agency. Many get sidetracked with these duties and spend little time actually promoting and soliciting endowment gifts. We already have these pieces in place.
  • We provide hands-on assistance with planned giving. We can confidently handle gifts involving complex assets, gift annuities, and trust arrangements, providing examples and guiding you through the process where needed.
  • We have access to experienced accountants and asset managers and have state-of-the-art fund management software designed specifically for the accounting needs of a community foundation. You will receive quarterly fund statements showing investment performance, new gifts, distributions and the amount available for distribution.
  • Your agency benefits from the exposure to our family of donors and fund advisors. We share your story with the local philanthropic community and encourage them to support your agency’s vision.

Five Simple Reasons to Establish an Organizational Endowment with WCF:

1) It’s Easy
Establish your fund by completing our organizational endowment fund agreement. We’ll guide you through the process and help you accomplish your objectives. We relieve nonprofits of the burden of investment decisions, tax complications and ongoing administrative details.

2) It’s Flexible
We customize our services to meet your agency’s objectives.

3) It’s Effective
We are dedicated to ensuring that your Agency (Organization) Fund is as effective as possible. Your fund will share the expertise of a knowledgeable staff, enjoy excellent financial management and benefit from a closely monitored investment strategy. Satisfaction comes from knowing that your contributions are safe and well managed.

4) It’s Permanent
An important part of our work is building permanent organizational endowments for our community’s nonprofit organizations. Our Board of Trustees ensures funds will grow in perpetuity and will continue to carry out the charitable objectives of the agencies who established them.

5) It’s Attractive to Donors
An endowment is a sign that your organization will be around for a long time, which offers a further incentive for prospective donors.

Here’s a list of organizations in Horry and Georgetown Counties that have placed their faith and trust in Waccamaw Community Foundation by establishing an organizational endowment and seek to grow their endowments with annual and legacy gifts to ensure their financial sustainability:

Contact Karen Minogue at 843-357-4483 to learn how Waccamaw Community Foundation can help your favorite nonprofit organization grow a permanent source of funding to secure its future.

In our monthly column from Karen Minogue, Waccamaw Wisdom, we’ll unpack the latest in philanthropy and offer tips to make your giving more effective. Topic suggestions welcome at communications@mywcf.org.

3655 S. Hwy. 17 Business, Murrells Inlet, SC 29576

843-357-GIVE (4483)

Info@mywcf.org

Our business hours are 8:30 a.m.–5:00 p.m. Monday through Thursday and 8:30 a.m.-3:00 p.m. on Friday.

Waccamaw Community Foundation is an affiliate of Coastal Community Foundation.

Copyright © 2022 Waccamaw Community Foundation

WCF Disaster Relief Fund

Through the Disaster Relief Fund, Waccamaw Community Foundation serves as the primary point of financial donations for all disaster relief and recovery efforts in Horry, Georgetown and Williamsburg counties.

Tim Whitten

Tim@mywcf.org

843-357-4483

A native of Alabama, Tim received his bachelor’s degree in business administration from Auburn University and a master’s degree in religion from Lenoir-Rhyne University. He brings to WCF a background in grant writing and in disaster recovery most recently serving the South Carolina Conference of The United Methodist Church.

Tim resides in Galivants Ferry with his wife Julie and their four children.

Phillip Anderson

Director

Phillip Anderson is a Senior Vice President & Senior Lending Officer for Asheville, North Carolina-based HomeTrust Bank, serving the coast of South Carolina. Throughout his 22-year banking career, he has served in commercial banking, trust administration, retail banking, and market leadership roles with mid-size and regional banks in South Carolina and Georgia. He has always embodied the community banking model of building strong local relationships and being active in numerous non-profits and promoting their causes.
 
He is a graduate of Mercer University in Macon, GA, the Cannon Financial Institute’s Trust School, The Stonier Graduate School of Banking and Wharton Leadership program. He is also a graduate of several Chamber of Commerce Leadership programs over his career.
 
Phillip resides in Pawleys Island, South Carolina, with his wife Mary Beth and daughter Carolina. In his free time, he enjoys spending time with his family, reading, and playing golf.

Ellen Barney Sycks

Stewardship & Communications Officer

ellen@mywcf.org
614-893-7998

Ellen serves the Foundation as its Stewardship and Communications Officer, responsible for communicating with fund holders on a regular basis and providing advice when needed, particularly around fund development as well as relevant field of interest information.

A native of Hillsboro, Ohio, Ellen provides more than three decades of non-profit leadership experience, focusing on creating major gift and planned giving opportunities to support organizations’ programs, special projects and capital campaigns. Ellen received her B.A. in National Security Policy from The Ohio State University. She lives in Murrells Inlet with her husband Jay and their two cats, Mabel and Murray.

Chris Hanna

Director

Chris Hanna is a Senior Broker Associate with Coldwell Banker Sea Coast Advantage. Born and raised in Myrtle Beach, he started in the real estate business in 1993. Chris is a member of the Coastal Carolinas, South Carolina and National Associations of REALTORS and is an active local community member as well, having served on various boards such as the Horry County Zoning Board of Appeals, the Coastal Carolina Athletic Foundation, and Horry County school district Carolina Forest Advisory Board. He is a member of the Myrtle Beach Area Chamber of Commerce, Myrtle Beach Area Hospitality and Oceanview Baptist Church. Chris is a graduate of Socastee High School in Myrtle Beach, and he received his Bachelor of Arts from the University of South Carolina at Coastal Carolina in 1992.

Rick Elliott

Director

Rick Elliott is president of his family business, Elliott Realty, one of the most prominent real estate companies in North Myrtle Beach. As a native of Horry County, he has always made giving back to the community a part of his approach to business. Each guest who stays with Elliott Realty is given the option to add an additional $1 per night to their bill to be donated to the Elliott Realty Charitable Community Fund at Waccamaw Community Foundation, which invests in causes throughout the surrounding community. Rick brings this commitment to community philanthropy to his service on the Waccamaw Community Foundation Board of Directors. He has also served as the chairman of the North Myrtle Beach Chamber of Commerce.



Tyler Easterling

Director

Tyler Easterling is a native of Marietta, Georgia and has resided in Georgetown County since moving to the area in 2002. Tyler is the president and COO of The Brandon Agency, an integrated marketing agency headquartered in Myrtle Beach. She is the current board chair for Coastal Montessori Charter School and serves on the boards of Helping Hands of Georgetown and Young Presidents’ Organization Southern 7 Chapter. She is a member of the 2018 Liberty Fellowship class.

Tyler holds an undergraduate degree in Journalism from the University of Mississippi and a Masters of Mass Communication from the University of South Carolina. She is an active member of Duncan Memorial United Methodist Church and enjoys spending time with her husband, Marshall, and two daughters, Julia and Anne Marshall.



Terri DeCenzo

Director

Terri serves as executive director of Women in Philanthropy and Leadership for Coastal Carolina University (WIPL). She is married to Coastal Carolina University President David A. DeCenzo, and when he joined the university in 2002, she became passionately involved with the life of the university, taking an active role in issues relating to student government and NCAA athletics, among others. Previously Terri has served on the boards of the American Red Cross and the Foundation for Georgetown Hospital System and was an adviser to the Safe Families Initiative that established Family Justice Center of Horry and Georgetown Counties. In 2016, Terri was awarded the Order of the Silver Crescent by South Carolina Governor Nikki Haley. A graduate of St. Joseph Hospital School of Nursing and Towson University, she spent most of her career practicing in critical care. The DeCenzo’s have four children: Mark (his wife Jen), Meredith (and her husband Ryan Daley), Gabriella and Natalie; and one beautiful grandson, William Mason Evans.


Executive Director, Women in Philanthropy and Leadership for Coastal Carolina University (WIPL)

Dr. Tracy Bailey

Director

Dr. Tracy Bailey earned a Ph.D. in Education with a specialization in Language and Literacy at the University of South Carolina in May of 2013. She is a Teaching Associate with Coastal Carolina University teaching Intermediate Literacy Development and Instructional Practices for Early Literacy.

Dr. Bailey began her career in education as a high school English instructor and has worked in both rural and urban educational settings. After realizing the impact professional development and community literacy had on her personal and professional growth, she wanted others to experience this. She is the founder and executive director of Freedom Readers, Inc., a nonprofit company dedicated to promoting literacy. Tracy seeks to instill in teachers, students, and the community at large the belief that every student can learn and every learner has the responsibility to pass on new knowledge to another.

Dr. Bailey earned her BA from The College of Charleston- majoring in English Education- and a Masters in Secondary Education from Coastal Carolina University. She is married to award-winning writer, Issac J. Bailey, and is the mother of two wonderful children, Kyle and Lyric.



Brent Groome

Chair

A 1987 graduate of UNC Chapel Hill, Brent came to the Grand Strand area in 1989. After a 31 year career with HTC (Horry Telephone Cooperative), he retired in 2021.  In addition to his current role with WCF, he also serves as a member of the Board of Commissioners for HGTC. He is also active with his church; serving as a Sunday School teacher and congregational song leader.  He and his wife, Dana, live in the Conway area.

Shawna Mosley-Foster

Service and Operations Officer

shawna@mywcf.org
843-357-4483 x200

Shawna, a native of Jamaica, NY, has more than 15 years of experience working in the hospitality and tourism field. Since relocating to South Carolina in 2004, she spent a few more years working with a local hospitality company before joining WCF’s staff.  While a native New Yorker, Shawna has a rich heritage right here in the Waccamaw area. Her mother was born and raised on Sandy Island, and her father is from Bucksport. She enjoys cooking, stargazing with her family, cruising and once retired….RVing! Shawna and her husband are empty nesters and resides in Myrtle Beach. 

Mike Mancuso

Executive Director

mike@mywcf.org
843-357-4483


Mike is a veteran business leader with more than 30 years of experience as an innovative problem solver and change agent for nonprofit, banking and small business organizations. Mike is a skilled economic developer with background in community development, downtown redevelopment, industrial development and strategic planning. His passion is helping Communities and Businesses thrive and grow. Most recently Mike served as the President and CEO of the Triangle East Chamber of Commerce & Economic Development Foundation in Johnston County, NC and as Executive Director for the Sustainable Opportunity Development Center, Inc in Salem, OH. Mike and his wife Christine make their home in Little River, SC. They have 3 children and 5 grandchildren living in Charleston, SC, Atlanta, GA, & Austin TX. Mike enjoys boating on the ICW, tinkering in his workshop/garage and spending time with family and friends.