Kiawah Island Digest July 2017 | Page 3

3 July 2017 Kiawah Cares Foundation Distributes Over $61,000 in Donations Pictured from left to right: Ian Freeman (KCF Secretary), Jane Riley-Gambrell (CIS Executive Director), Liz Burwell (KCF Treasurer) and Tom Stallings (CHIP Volunteer). May was Kiawah Giving Month for the Kiawah Cares Foundation (KCF) and island property owners responded with $41,305 in donations, 118% of KCF’s goal. In addition, the foundation matched the first $20,000 dollars in donations to reach a total of $61,305. These donations are being used to help meet important needs on the Sea Islands. “We are incredibly grateful for the generosity of our donors,” said KCF Treasurer Elizabeth Burwell. “Without these gifts, many of these programs and efforts would simply not have been possible.” On June 13, Burwell and KCF Secretary Ian Freeman distributed the donations to Communities In Schools (CIS) and the Community Home Improvement Program (CHIP Ministry) of Johns Island Presbyterian Church. CIS received donations totaling $35,155. These will be applied to student support specialist positions at St. John's High School and Angel Oak Elementary. CHIP Ministry received $26,150, which they will use to complete repairs on their entire list of over a dozen homes of Sea Island seniors. According to its mission statement, CIS works to surround students with a community of support, empowering them to stay in school and achieve in life. CHIP Ministry repairs homes for those in need while reinforcing seniors’ valuable place in these growing areas. For more information on KCF, the programs it supports, and how to make to a gift to the foundation, visit kiawahcares.org or contact KCF at 843-768-9194/[email protected]. 2017 Financial Data Now Available Online As we near the halfway point of 2017, KICA's finances are beginning to take shape. Through May 31, the association's operating revenue totaled $9,818,756, with approximately 85% of that coming from assessments. Operating expenses totaled $4,556,845, with over 65% of that total coming from expenses associated with Land and Lakes, and Security and Livability. Through May 31, the majority of Major Repairs and Replacement (MRR) revenue has come from the Supplemental Annual Assessment ($1,356,116) and Contributions to Reserves Fees ($557,157). For MRR expenses, close to half ($1,413,103) are the result of the island-wide drainage repair/replacement project, while the second largest portion ($580,331) can be attributed to the ongoing street repair and resurfacing project. For more details, charts and figures on KICA's finances year- to-date through May 31, visit kica.us/finances. Operating Revenue