Monthly Update | Vail Valley Foundation

Monthly Update

Posted by: Mike Imhof
September 11, 2019

SEPTEMBER BOARD UPDATE

 

Dear Vail Valley Foundation Board of Directors and Board Life Trustees,

BOARD OF DIRECTORS

  • Our next Board of Directors meeting is Thursday, December 19, 2019 at Westin Riverfront Resort.
  • We are very close to finalizing the functionality, and content, for our new Board of Directors web portal. We expect to roll this out to our Board by the middle of October.

BOARD OF DIRECTORS & BOARD LIFE TRUSTEES – DID YOU KNOW

For our update this month, we are pleased to highlight Tim Finchem and Al Hubbard.

Linn Brooks – VVF Board Member since July 2019.
Linn Brooks was born and raised in Colorado and has lived in the Vail area for 26 years. She is married to Gary Brooks, a local land development engineer, and has three daughters.

Linn has a B.A. in Geology from Colorado College and completed graduate work in Civil Engineering at Colorado State University and in Engineering Management at the University of Colorado, Boulder.

As President and CEO of the Eagle River Water and Sanitation District, Linn oversees the daily functions of District operations and administration in addition to building and maintaining strong relationships with various local, regional, and statewide partners on the District’s behalf. Under her leadership, the District has become a strong voice for the Western Slope on water issues. The District is committed to protecting water quality and quantity for the benefit of the District’s customers and the environment while also ensuring the area’s recreational amenities remain viable.

Through her career she has worked broadly with local governments and private partners on new development and re-development of local communities, water-related environmental issues, regional and statewide water planning and supply issues and state legislative issues. She currently serves on the Board of Directors of the Colorado Water Congress.

Anne-Marie Keane – VVF Board Member since March 2019.
Anne-Marie Keane is a mother, former Fortune 500 Executive, and active board member and community volunteer living in Vail. All four of her children attended Vail Mountain School and are competitive ski racers. She is Chair of the Vail Mountain School Board of Trustees and the founding director of Vail Women Elect, a local group that has raised over $180,000 to support women candidates running for political office in Colorado and nationally.

Prior to moving to Vail in 2009, Ms. Keane held a number of executive positions in marketing, merchandising, operations and strategy in both the US and Europe during her 17-year tenure with Staples, The Office Superstore. While at Staples, Ms. Keane chaired the National Office Products Industry Charitable Campaign, raising $6 million in 2006 to benefit City of Hope and the fight against cancer.

Prior to Staples, Ms. Keane was a strategy consultant at Monitor Company. She graduated Phi Beta Kappa, Suma Cum Laude from Dartmouth, and has her Masters of Business Administration from Harvard Business School. She is a founder and former president of the Harvard Business School Network of Women Alumnae. She continues to support people and organizations that support the success and achievement of women.

ARTS (VILAR PERFORMING ARTS CENTER)

  • VPAC had an exceptional summer 2019 concert season, exceeding ticket revenue plan by $55,000.
  • VPAC’s Underground Sound concert series is programmed and on sale.  This is a much-loved program in our community allowing music lovers to purchase a fall season transferable pass at $125.00 providing access to seven amazing concerts with artists who have never before performed on the VPAC stage.
  • Capital work this fall is tied to our continued efforts with facility hardening to improve safety and security for our guests.  VPAC will install a central locking system.
  • VPAC’s winter season 19-20 is tracking well with currently 50% of the season programmed.

ARTS (VAIL DANCE FESTIVAL)

  • Vail Dance Festival 2019 was a success.
  • Martha Brassel, Director of Development, Vail Dance Festival, exceeded her $200,000 Artistic Reserve Fund matching goal yielding Vail Dance an incremental $100,000 grant from the Doris Duke Foundation.
  • Based on our success a couple years ago with Vail Dance at City Center in NYC, we are exploring doing this again.  Current target cities to take Vail Dance on the road are Dallas, Philadelphia, NYC and D.C.

WHISTLE PIG VAIL

We have hosted 7 of our 8 Whistle Pig Vail concerts for 2019. Our final show is Jason Isbell and the 400 Unit on September 18. Six of our seven shows have sold out. The project is doing well financially, and we expect to exceed our net contribution budget by $15,000 to $20,000.

VVF EDUCATION – YOUTHPOWER365

  • The final net contribution for our July 16 Star Dancing Gala is $813,448 versus a budgeted net of
    $847,000.  Although we missed plan by $33,000 this was still an excellent financial performance and the second-best financial outcome in the history of Star Dancing Gala.
  • YouthPower365’s Academic Soccer program is off and running for school year 19-20.
  • Our November 13-15, 2019 Rural Afterschool Education Conference is tracking well for attendance. 140 registrants are confirmed with a goal of 200 registrants by October 1 and 235 by November 1.
  • This past summer, Sarah Johnson and our YouthPower365 leadership team designed a new program called, The Club, specific to addressing the needs of boys in our valley.  Using some of the lessons we’ve learned from our Girl PowHER program, we have successfully launched The Club this school year for middle school age boys.  Participation has exceeded our expectations with nearly 110 registered so far across four middle schools.
  • HERE is a recent article that will share positive news about improved standardized testing scores in Eagle County.  We see a correlation between these improved outcomes and our own improved outcomes in academic performance across our PwrHrs program.

ATHLETICS (BIRDS OF PREY WORLD CUP)

  • Hard to imagine, but cold temps and snow will be here in a blink.  VVF team is hard at work on world cup this December, and our operations team will start working on the hill in several weeks.
  • World Cup Races will be Fri., Dec. 6 Super G, Sat., Dec. 7 Downhill, Sun., Dec. 8 Giant Slalom.
  • The last couple of years, our traditional World Cup weekend has fallen very early in December based on how the calendar fluctuates.  For 2019 December, it is very good news that our World Cup weekend falls Dec. 6-8 allowing us precious additional days of snowmaking efforts to prepare the course.

ATHLETICS (GOPRO MOUNTAIN GAMES)

  • The VVF strives to be a collaborative partner with other nonprofits in our community.  The
    Mental/Behavioral Health crisis in our valley is real, something that impacts all of us, and more specifically, Behavioral Health concerns in our young people is something our YouthPower365 education team experiences, and works with, every day with youth engaged in our programs.
  • In 2020, we will assist Vail Health and Eagle Valley Behavioral Health with education about Behavioral Health, access to help and treatment, and efforts to reduce the stigma associated with Mental Health.
  • Our Mountain Games partnership in June 2020 with Eagle Valley Behavioral Health and Vail Health will focus on four core touchpoints. 1) A 4-day Expo Activation.  2) Meditation Sessions. 3) A Benefit Concert. 4) A Mountain Walk-For-The-Cause event.  More details to come.
  • We wanted to share this link with you which will take you to a broadcast that Outside TV produced for our June 2019 Mountain Games event.  You will need a password. It is OTV. WATCH NOW

VAIL VALLEY FOUNDATION – GENERAL UPDATE

One of our Strategic Plan objectives is to significantly reduce or eliminate our debt position. We are exploring several options to include, impact investing, a possible sale of our 3rd floor office space in Avon, which we own, and a restructuring of the portion of our debt specific to the Gerald R. Ford Amphitheater with our partner, Town of Vail. We will keep you updated on all material progress. We have identified possible new office space in Avon that can accommodate our VVF and YouthPower365 needs should we find an interested buyer.

PAST UPDATES

Dear Vail Valley Foundation Board of Directors and Board Life Trustees,

We hope you are all doing well and getting to enjoy the wonderful winter season or the exceptional skiing of late. The VVF is as busy as ever. Many exciting topics to share with you today.

BOARD OF DIRECTORS AND BOARD LIFE TRUSTEES

  • I wanted to let you know that I will be taking some time off with my family later this month. My wife and I have a limited window this winter season that works with our kid’s school schedules, sports and activities. I will be out of office, with very limited email and cell coverage, from February 18 to February 27. If there is anything you may need during that time, Heidi will be happy to assist you.
  • As a reminder, on March 29 from 12:00pm to 1:30pm at The Sonnenalp Resort in Vail, we are having a Board and Board Life Trustee Luncheon. I expect by now you have all sent your response to Heidi whether you can attend or not. If your schedule has changed and you would like to attend, just let Heidi or me know.

BOARD OF DIRECTORS & BOARD LIFE TRUSTEES – DID YOU KNOW

For our update this month, we are pleased to highlight Tim Finchem and Al Hubbard.

Tim Finchem - headshot (Photo by Stan Badz/PGA TOUR)

Tim Finchem – VVF Board Member since 2004.
Tim Finchem is perhaps best known for his role as the PGA TOUR Commissioner from 1994-2016, but he has become equally well-known in the Vail Valley for his role as a philanthropist and supporter of
organizations within and beyond the area, including the Vail Valley Foundation, The First Tee, the
University of Richmond, and Teach for America.

Finchem first visited the Vail Valley in 1977 and built a home in Eagle County 15 years ago. He holds a Juris Doctorate from the University of Virginia Law School, and a B.A. from the University of Richmond, where he currently sits on the Board of Directors.

Along with his role at the PGA TOUR, Finchem has served in the White House under President Carter as Deputy Advisor to the President in the Office of Economic Affairs, as a Carter-Mondale Presidential
Campaign Staff Director, as President of Beckel, Finchem, Torricelli, and Associates, and as a partner in Croshaw, Finchem & Williams.

Allan B. Hubbard – Board Member since 2010.
Al Hubbard co-founded EA companies in 1977 and serves as its Chairman. Starting with no capital, Mr. Hubbard and his partner acquired and grew a number of small businesses in specialty chemicals, aircraft engine components, hotel amenities, light fixtures, medical equipment, gluten-free baked goods, women’s apparel and most recently a camper van rental company.

In addition to his work at EA companies, Mr. Hubbard served in the White House in two different administrations. During the George H. W. Bush administration, Mr. Hubbard was Executive Director of the President’s Council on Competitiveness and Deputy Chief of Staff to Vice President Dan Quayle. During the George W. Bush Administration, Mr. Hubbard was Assistant to the President for Economic Policy and Director of The National Economic Council.

Mr. Hubbard has also served on a number of nonprofit and for-profit boards including Anthem Corporation and Simon Property Group. Mr. Hubbard has devoted most of his civic activities and philanthropy to
reforming K-12 education and higher education, and currently serves on the boards of Hoosiers for Quality Education, The Indiana Commission on Higher Education, The Lumina Foundation and ExcelinEd.

Mr. Hubbard earned his J.D., cum laude, from Harvard Law School, his MBA with Distinction from Harvard Business School, and his B.A., cum laude, from Vanderbilt University. Mr. Hubbard and his wife, Kathy, reside in Indianapolis and have three grown children. Mr. Hubbard was born and raised in Jackson, TN.

MEMBERSHIP & DEVELOPMENT

  • Our new Vice President of Development, Glen Newhart, is finding his stride here at the VVF. We are seeing great progress already, including a formal launch of our new Planned Giving website which went live early January. You can review it by visiting www.vvf.org and clicking “donate” and then “planned giving”. Glen’s leadership and fundraising expertise is very well received across our development teams, and he is meeting every week with our top donors as schedules allow.
  • Development fundraising for fiscal year 2019 is on track to meet budget.
  • We are just days away from our 20TH annual Black Diamond Ball which is scheduled for this Friday, February 15 at the Park Hyatt Beaver Creek. In an effort to stay fresh and different, our team, and the hard-working Black Diamond Ball committee, have taken the event in a new and exciting direction. We hope you can join us!

VVF EDUCATION – YOUTHPOWER365

  • We’re on track to receive our new, fully electric RV/Magic Bus Mobile Preschool in early June. Our official media event and unveiling will be held on June 7 or 8 during the GoPro Mountain Games.
  • We currently have two solid candidates for our Executive Director position. They’re moving through the interview process now.
  • The YouthPower365 team is fully staffed and doing great work. I am working consistently with the YouthPower365 leadership team and although hiring a new Executive Director is a priority, we are not in a rush and want to be thoughtful about this important leadership role.
  • Our annual Fashion Show which supports our Girl PowHER program is shaping up to be another success. The event is scheduled for Friday, March 8 from 3:00pm to 5:00pm at the Vail Marriott. Tickets are still available!
  • Our Rural Afterschool Education Conference is making progress with both attendance and funding. We have an offer out for one of our keynote speakers, Sarah Smarsh, and her latest achievement is a recently-released New York Times Best Seller book called Heartland. In addition, we are working to confirm the attendance of both Senator Gardner and Senator Bennet.

ARTS (VILAR PERFORMING ARTS CENTER)

  • Construction for the May Gallery redesign begins the last week of March. We estimate this project will be completed by early June.
  • The VPAC remains on track for another successful fiscal year. We have had some wins and loses this winter season specific to programming but overall, we remain in a strong financial position.
  • Our efforts to cross-pollinate across VVF initiatives were proven successful on February 9 with a World Premier from Ballet X at the VPAC. Ballet X has been a crowd favorite and a mainstay in recent years during our Vail Dance Festival, and last nights’ performance at the VPAC was a successful extension of the Dance Festival into the winter season.

ARTS (VAIL DANCE FESTIVAL)

  • Vail Dance Festival 2019 will go on sale in several weeks. Fundraising and sponsorship are doing very well. Damian and the Vail Dance Festival team have done an excellent job programming the artistic line up for this summer. Hats off to Damian for managing well his busy life as President of Juilliard and Artistic Director of our important festival.

ATHLETICS (2018 BIRDS OF PREY FIS MEN’S ALPINE WORLD CUP)

  • Hard to imagine, but in 10 months we will again host the world in Beaver Creek for the Birds of Prey World Cup. It is critical that we achieve our financial goal of breakeven on this project this December 2019. Our VVF sales team is rifle-focused and making great progress.

ATHLETICS (2019 GOPRO MOUNTAIN GAMES)

  • Mountain Games June 2019 athlete registration went on sale last week. We broke our 2018 record for day one registration/sales.

ATHLETICS (2019 COLORADO CLASSIC PRO WOMEN & MEN CYCLING)

  • After many meetings and discussions between VVF and Town of Vail, and evaluation by our VVF Board Events Committee and Board Executive Committee, we have decided to not host another stage or stages of the Colorado Classic Pro Cycling event this August 2019.
  • Our VVF team is evaluating now, in collaboration with our partner, Town of Vail, new event concepts that could fit well into the late August 2020 time frame.
  • We are booking several Whistle Pig Vail concerts into the late August time frame to help drive economic vitality in Vail during this need period.

VVF STAFFING

  • In our last Board and Life Trustee update, I shared that we had hired Sarah Johnson as our new Senior Vice President, Education and Arts. Sarah Johnson will start with the VVF on February 27.
  • Since the start of 2019, Sarah Johnson and I have been working on the right organizational and leadership structure for the Gerald R. Ford Amphitheater. It seems like we have plenty of time but in a blink, it will be Memorial Day and the GRFA will be open for summer 2019!

WHISTLE PIG VAIL MUSIC EXPERIENCE

We currently have five WPV concerts confirmed. See below. VVF and AEG are confident we will get to a total of seven or eight total Whistle Pig Vail shows this summer.

  • Steve Martin & Martin Short confirmed for July 14. On sale currently: 1650+ tickets sold to date.
  • Steve Miller Band is confirmed for August 14.  Still confidential but we expect to announce and go on sale around March 15-20.
  • Trey Anastasio Band (Phish) is confirmed for a two-night run, August 12 & 13.  Confidential until it is announced.
  • Gary Clark Jr. is confirmed for Sept 5. Announcement is February 12.  On Sale is February 15.

VVF FINANCIALS – Fiscal Year 2019 (June 1, 2018 through May 31, 2019)

  • We budgeted conservatively for Fiscal Year 2019 with a loss of ($272,000). We are confident we will close Fiscal Year 2019 on May 31 in the black.

Dear Vail Valley Foundation Board of Directors and Board Life Trustees,

We wish you all a wonderful spring. Snow keeps falling here in the Valley which is great, but I think most of us are now ready for warm weather!

BOARD OF DIRECTORS

  • Heidi will email a final calendar appointment (with meeting location) later this week but as a reminder, our next VCAF, YouthPower365 and VVF Board meeting is scheduled for Tuesday, July 2, 2019. Continental breakfast at 7:30am. Board meeting starts at 8am and concludes at 10am.
  • As follow-up to the update we provided at our December 2018 Board meeting, by the end of this calendar year, the VVF will be evolving its general fund membership benefits structure. We will provide more details on this at our July 2 Board meeting.
  • Our IT and Marketing teams are working on new website-based functionality for our Board of Directors. In summary, Board members will have a login at VVF.org which takes you to “fenced” Board information to include but not limited to Board member pictures, bios and contact information, organizational bylaws, committee structures and members, committee charters, and Board meeting minutes. Our goal is to have this live within 5 weeks.  More details soon!
  • Our public facing information (headshots and biographies) for our Board of Directors and Board Life Trustees is currently being updated, so the website is down.  Our placeholder today is the list of names for our Board and Life Trustees.  We hope to have the website updated by next week and have this information live again on our website.  Heidi may reach out to some of you that we may not yet have a head shot for, and or a current and approved Bio. Thanks for your help!

BOARD OF DIRECTORS & BOARD LIFE TRUSTEES – DID YOU KNOW

For our update this month, we are pleased to highlight Betsy Wiegers and Matt Donovan.

Betsy Wiegers – VVF Board Member since 2007.

Ardent supporters of the arts in New York City and Denver, Betsy Wiegers and her husband, George, are also extraordinarily generous in the Vail Valley – in particular to the Vail Valley Foundation’s Vail Dance Festival and YouthPower365. They also contribute to Bravo! Vail, where Betsy is a former trustee of that organization. In 2019, Betsy and George were named the Vail Valley Citizens of the Year.

Betsy has served on the Board of Directors of the Vail Valley Foundation since 2007 and sits on the Vail Dance Festival Committee. George is the founder and creator of the University of Colorado Depression Center at the Anschutz Medical Center in Denver and is also a founder of the Deisseroth Laboratory for Brain Research at Stanford University.

Their philanthropy outside of Colorado includes support of the Philadelphia Orchestra, New York Philharmonic, American Ballet Theater and the New York Historical Society. In Denver they support the Denver Art Museum, and also contributed to the Liebeskind wing at the museum.

Matt Donovan – VVF Board Member since 2016.

Matt Donovan is a born-and-raised Vail local. He is the son of early Vail pioneers Diana and John Donovan, Sr., and was a member of Red Sandstone Elementary School’s first kindergarten class.

After graduating from University of Colorado Boulder, Matt returned to Vail and took part in the family business, Vail Honeywagon Waste Services, first as a trash hauler and later as owner/operator. He married his wife, Jane, in 1996 and they have three children. Matt and Jane grew the company, and always ensured that the company played a positive role in the community by giving, sponsoring, and supporting a wide range of community organizations. They sold the company in 2016 to Mountain Waste and Recycling.

Matt also serves on the Board of Directors of Walking Mountains, and Jane is on the Board of Directors for Ski and Snowboard Club Vail. Matt is active in the Eagle County Climate Action Plan collaborative to help guide the reduction of greenhouse gas emissions, in particular via waste management.

MEMBERSHIP & DEVELOPMENT 

  • We are excited for you to see our first VVF newsletter, which should hit your mailboxes in the next 10 days. The newsletter was created by Glen Newhart, our VP of Development and focusses on the impact of donor generosity. The newsletter will be sent two times per year, in spring and fall.
  • Our goal of institutionalizing planned giving at the VVF is off and running, and our efforts since the official launch in January have already yielded a planned gift. To see some of our planned giving efforts, you can visit VVF.org and click on Donate and then click on Planned Giving.
  • Black Diamond Ball February 15, 2019 was a success. THANK YOU!  It was a fun evening with a new and different format that worked well for our guests. Black Diamond Ball 2019 exceeded plan with a net contribution of $408,000.  Save the date of February 14, 2020 for our next Black Diamond Ball. Our theme is James Bond and coincides with the launch of the 25th Bond film.

VVF EDUCATION – YOUTHPOWER365

  • YouthPower365 will have another strong fiscal year. We expect YouthPower365 will have a net contribution of $100K plus by May 31, 2019.
  • Our second, new, and fully electric Magic Bus is in production. We expect delivery by October 1, 2019 just in time for the start of our 2019-20 Magic Bus season. Our current priority is finding a viable mid-valley location to stage and electrically charge the electric Mobile Preschool.
  • It is wonderful to have Sarah Johnson on board. She is actively leading YouthPower365 and will continue to do so until we secure a new YouthPower365 Executive Director.
  • It is a busy season for our talented high school seniors. We received 300 scholarship profiles this year and our team, along with our community partners and generous donors, have interviewed 190 young men and women for the 40 available scholarships. The annual Dollars for Scholars Scholarship Award Ceremony starts at 5 pm on Thursday, May 2 at Battle Mountain High School.

ARTS (VILAR PERFORMING ARTS CENTER)

  • May Gallery redesign project started March 26 and will be completed by the second week of June.
  • We are in the final stages of contract negotiations between the Beaver Creek Resort Company and the VVF to extend our Lease and Operating Agreement of the VPAC for another 10 years. My thanks to Beth Howard and her team for their time, partnership and support. We expect to sign the extension agreement by the end of April.
  • We are excited to share that Jay Leno has confirmed to perform his comedy act on July 5, 2019. This is great addition to an exceptional summer 2019 line-up at the VPAC.

ARTS (VAIL DANCE FESTIVAL)

  • Programming highlights this summer include Cuban dance company, Malpaso that will make their Vail debut; and Alonso King, considered by many to be one of the greatest living choreographers in the world. Alonso King will create a new work in Vail in collaboration with one of the most important voices in Jazz today, Jason Moran.
  • Fundraising is doing well but we have much to do before early May when we need to have all donor and underwriting support confirmed to meet our Vail Dance magazine production deadline.
  • The Vail Dance Festival Artistic Reserve Fund, created with a matching grant from the Doris Duke Charitable Foundation, is within $30,000 of reaching our match goal. Reaching our match goal will provide the Vail Dance Festival an incremental $100K.  Our match deadline is October 2019.
  • We are also very happy to have James Whiteside, principal dancer from American Ballet Theatre, return to Vail to create a new work.

ATHLETICS (2019 BIRDS OF PREY FIS MEN’S ALPINE WORLD CUP)

  • Our sales and sponsorship team is working hard to secure the remaining revenue we need for Birds of Prey 2019.
  • We may have the opportunity to add a fourth race to our World Cup this coming December. The fourth race would be an exciting new format for a two-run Downhill race in addition to our standard race schedule of Super G, Downhill and Giant Slalom.  We are working with the FIS and US Ski Team to make this happen for either December 2019 or December 2020.

ATHLETICS (2019 GOPRO MOUNTAIN GAMES)

  • Mountain Games June 6-9, 2019 is tracking well across all key areas including media, pr, marketing, athlete registration and sponsor revenue.
  • The amazing winter season we’ve experienced does pose some potential risk for certain aspects of Mountain Games. With the significant snowpack, should we have consistently high temperatures in early June, this could drive substantial increases in river flows and create safety issues for our athletes. Safety is always our top priority and if needed, we will cancel all whitewater events.

VVF STAFFING

  • We want to sincerely thank our Board of Directors for the support you show our full-time year-round staff specific to employee benefits. In the last 24 months we have improved our 401K plan, and launched our official sabbatical program and tuition reimbursement program. These improvements keep the VVF competitive in a challenging hiring market and increase morale for all.

WHISTLE PIG VAIL MUSIC EXPERIENCE

We currently have six WPV concerts confirmed for summer 2019. Our goal this summer is eight concerts. Based on ticket sales to date, we expect all shows to reach sellout.

ARTISTCONCERT DATE ON SALE DATEVENUE CAPACITYTICKETS SOLD
(INCLUDING COMPS)
% TO SELL OUT
Steve Martin & Martin Short14-Jul19-Oct2515187374%
Trey Anastasio Band12-Aug5-Apr2515221388%
Trey Anastasio Band13-Aug5-Apr2515201180%
Steve Miller Band14-Aug29-Mar251577631%
Nathaniel Rateliff19-Aug22-Mar2515135954%
Gary Clark Jr.5-Sep15-Feb251561524%

 

VVF FINANCIALS – Fiscal Year 2019 (June 1, 2018 through May 31, 2019)

  • Our current fiscal year 2019 ends May 31. Our teams are working hard to reconcile all revenues and expenses in the coming six weeks. For fiscal year 2019, our consolidated VVF net contribution budget was a loss of ($272,000). Although we may have some further fluctuation between now and May 31, we expect to end the fiscal year with a positive net contribution around $240,000.

Dear Vail Valley Foundation Board of Directors and Board Life Trustees,

We are very pleased to announce that it “appears” that summer has finally arrived in the mountains.

BOARD OF DIRECTORS

  • Our next VCAF, YouthPower365 and VVF Board meeting is Tuesday, July 2 at The Arrabelle in Lionshead.  Continental breakfast at 7:30am.  Board meeting starts 8am and concludes at 10am.
  • Two important topics we will cover at our July 2 Board meeting are, a presentation on the changes we are making to our Annual Fund Donor Levels, and an update on our progress to date against the objectives outlined in our Strategic Plan.

BOARD OF DIRECTORS & BOARD LIFE TRUSTEES – DID YOU KNOW

For our update this month, we are pleased to highlight Jill Plancher and Dan Pennington.

Jill Plancher- Board Member since 2018. 

Jill Seaman Plancher is a volunteer attorney with Connecticut Legal Services in Stamford, Connecticut. As a volunteer attorney in the family law unit of legal services for the past 20 plus years, Jill has worked with hundreds of women and children to provide safety, stability and freedom from abusive relationships. In this capacity, Jill serves as a legal advisor to the Domestic Abuse Services program of the YWCA in Greenwich where she sits on the Leadership Council. For the past 16 years, Jill has accepted appointments to serve as Guardian Ad Litem and Attorney for Minor Children in contested custody matters before the Stamford Superior Court and Regional Family Trial Docket.

In 2011, Jill received the Fairfield County Bar Association’s Liberty Bell Award and the Connecticut Law Tribune’s pro bono award. In 2012, Jill received the Connecticut Bar Association’s Charles Parker Legal Services Award for her commitment to access to justice for all persons. Early in her legal career, Jill served as an Assistant United States Attorney in Indianapolis, Indiana where she prosecuted health care fraud, corporate fraud, violent crimes, and public corruption. Jill was also an Assistant Attorney General in the Criminal Bureau of the Massachusetts Attorney General’s Office where she worked in the appeals bureau. Immediately following her graduation from Harvard Law School in 1988, Jill was a Federal law clerk for the Honorable Robert E. Keeton. In addition to her Harvard Law education, Jill holds BA from the University of Pennsylvania in International Relations. Jill is married to Dr. Kevin D. Plancher, an orthopedic surgeon, who in 1993-1994 was an Orthopedic Fellow at the Steadman Hawkins Clinic. It was during that year that Jill and Kevin fell in love with the Vail Valley and added to their family by delivering their second child Jamie at the Vail Valley Medical Center. Jill and Kevin have owned a home in Beaver Creek since 1994 and have enjoyed summer and winter family vacations in the Vail Valley for the past 15 years. Jill has been a member of the Dance Committee for the Vail Dance Festival for many years and she and Kevin have been generous donors to the VVF. Jill and Kevin’s children, Brian and wife Annie, Jamie and Megan are avid skiers and call the Vail Valley their happy place.

Dan Pennington – VVF Board Member since 2019. 

Daniel L. Pennington serves as the President of the Vail Health Foundation. Prior to Vail Health, Dan served as the Chief Philanthropy Officer at Via Christi Health, the largest provider in Kansas, and prior to that was a senior development professional at Mayo Clinic. Before joining Mayo Clinic, Dan was the Principal and Senior Consultant of his own fundraising consulting firm, Pennington & Company, Inc. based in Lawrence, Kansas.

Dan earned his BS in Journalism from the William Allen White School of Journalism and Mass Communications at The University of Kansas in 1989. He completed his MA in Philanthropic Studies at the Indiana University School of Philanthropy (formerly The Center on Philanthropy at Indiana University) in 2013. He is a Chartered Advisor in Philanthropy (CAP) from The American College of Financial Services. Dan was also a mentor with Big Brothers & Big Sisters of Douglas County, and a board member of Douglas County CASA and Douglas County Citizen Review Board Juvenile Offenders Project.

Dan has always acted on his belief in the importance of giving back to the profession and his community. He has served as an active member of the Association for Healthcare Philanthropy (AHP), Association of Fundraising Professionals (AFP), National Association of Cancer Center Development Officers (NACCDO) and Nonprofit Connect (formerly The Greater Kansas City Council on Philanthropy) where he served on the Board.

Dan is married to Pamela Pennington, who works with special needs children in the school system. They have three daughters, Crosby, Nell and Alden.

VVF DEVELOPMENT

  • Per the email update we sent to you several weeks ago, we are disappointed that Glen Newhart, our VP of Development, decided to leave VVF for another company in California. We are currently exploring different options for how we approach replacing this important leadership position.

VVF EDUCATION – YOUTHPOWER365

  • We are very pleased to share with you that Carrie Benway, our Director of Development for YouthPower365 was able to secure a total of $20,000 in support from several new, individual donors to match the generous Precourt Family’s $20,000 Magic Bus Match Challenge. As a result, our new Electric Mobile Preschool (Magic Bus) is now funded! We expect delivery of the first ever Electric Mobile Preschool in North America in late October 2019. Our thanks to Jay Precourt and Amanda Precourt for their incredible support and, a job well done to Carrie Benway.
  • We wanted to share a YouthPower365 leadership update. After an extensive search process for the next Executive Director, we decided that we did not have the correct fit for the role. Rather than keep the search open, we closed it and have engaged Robbie Lee as an executive consultant to lend his expertise in the areas of mentoring, educational programming, program quality and nonprofit leadership. As some of you may be aware, Robbie was our final candidate for the YP365 Executive Director and was offered the position at the end of calendar year 2018. Robbie planned to accept the position but unfortunately a significant, and prolonged medical crisis with he and his wife’s newborn son, prevented him from accepting the position and relocating to the Vail Valley. Robbie has since concluded his employment with The Fulfillment Fund in California and has committed to a six-month consultancy with YP365. Upon the conclusion of Robbie’s consultancy (ending in October 2019), we will reassess our organizational and programmatic needs to determine the leadership structure that will work best to deliver on the YP365 mission. This may include reposting the Executive Director role or restructuring without that position.

ARTS (VILAR PERFORMING ARTS CENTER)

  • VPAC’s May Gallery redesign is on track and looks amazing.  Project will be completed by June 30.
  • We ran into unforeseen delays regarding our extension of the VPAC operating and lease agreement between VVF and the Beaver Creek Resort Company.  There are no material concerns with the agreement or extension.  We had hoped to have this next ten-year contract signed by May 1.  We now expect contract execution by the second or third week of July.
  • The VPAC has exceptional programming for this summer season.  Currently, we are at approximately 65% to goal for ticket sales. We encourage you to check out the artist line up this summer at www.vilarpac.org.

ARTS (VAIL DANCE FESTIVAL)

  • Vail Dance Festival had remarkable performance in fiscal year 2019 ending with a net income over$300,000.  This is in large part due to the revenues generated tied to our Artistic Reserve Fund.
  • Vail Dance Festival 2019 is in excellent shape. Donor fundraising is strong, ticket sales are excellent to date, and the programming has woven together some the iconic and traditional favorites that Damian Woetzel has become known for, but also includes more international artists.

ATHLETICS (2019 BIRDS OF PREY FIS MEN’S ALPINE WORLD CUP)

  • Our last Board and Life Trustee update shared that VVF, and our partner US Ski Team, were pushing hard to add a fourth race to our current three-race schedule this December 2019. The fourth race we desire is a unique, two-run downhill format. Based on recent meetings in Europe with the governing body, International Ski Racing Federation, a fourth race will not be possible for December 2019 but remains a priority for VVF and US Ski to push for in the future.

ATHLETICS (2019 GOPRO MOUNTAIN GAMES)

  • Our 18th annual Mountain Games is happening right now! Weather is good. River and creek levels remain stable. Athlete registration is strong. Sponsor and media interest are up year over year.
  • Further good news is that our Vice President of Sales, and Mountain Games Event Director, Dave Dressman has secured a two-year contract extension with GoPro to remain as our title sponsor for Mountain Games in 2020 and 2021.

WHISTLE PIG VAIL MUSIC EXPERIENCE

We have reached our goal of 8 WPV concerts confirmed for summer 2019. Based on ticket sales to date, we expect seven of the eight shows to sell out.

ARTISTCONCERT DATE ON SALE DATEVENUE CAPACITYTICKETS SOLD
(INCLUDING COMPS)
% TO SELL OUT
Steve Martin & Martin Short14-Jul19-Oct2515211984%
Trey Anastasio Band12-Aug5-Apr2515238995%
Trey Anastasio Band13-Aug5-Apr2515220988%
Steve Miller Band14-Aug29-Mar251589535%
Nathaniel Rateliff19-Aug22-Mar2515154761%
Bon Iver2-Sep16-May2515126450%
Gary Clark Jr.5-Sep15-Feb251568927%
Jason Isbell & the 400 Unit18-Sep16-May251555522%

 

VVF FINANCIALS – Fiscal Year 2019 (June 1, 2018 through May 31, 2019)

  • Our fiscal year 2019 ended May 31. We had another great year. The fiscal year 2019 audit work has begun and will be completed in August. We expect to share with our Board on July 2, preliminary, but very close to final, audited financials. Although we may have some further fluctuation, we expect fiscal year 2019 to reflect a net contribution between $250,000 and $325,000 compared to a budget of (270,000).

Dear Vail Valley Foundation Board of Directors and Board Life Trustees,

We are in the heart of the Vail Dance Festival and it is going great.  We hope many of you get a chance to see a performance.

BOARD OF DIRECTORS

  • As a reminder, our next Board of Directors meeting is Thursday, December 19, 2019 at Westin Riverfront Resort and Spa.
  • Ann and I were considering an additional Board meeting/lunch this fall (similar to the Board lunch meeting we hosted this past March) but we have decided against that for this year.

VVF EDUCATION – YOUTHPOWER365

  • Our July 16 Star Dancing Gala was a success. 700 people attended and we raised $1,240,000.00 in gross revenue.  Our FY20 net contribution budget was aggressive at $847,000.  Today, our net contribution forecast is $800,000, which is very positive. We believe SDG expenses will come in less than expected, allowing us to get closer to plan.
  • Summer PwrHrs Camp went well and just wrapped up. 525 youth participated in the program.
  • COPA Soccer is in full swing. Over 900 youth in the program.
  • Using the Eagle County School District’s assessment tool, during the 2018-2019 school year, 85% of our PwrHrs students demonstrated growth in reading comprehension and 94% of our PwrHrs students demonstrated growth in math comprehension.
  • 43 students have enrolled in Camp College and Career Readiness. Camp College will host 10 guest speakers from our community, have one full shadow day with Schaeffer-Hyde Construction, and provide a college visit to Metro State in Denver.

Images below: Left to right. YouthPower365 staff, Magdalena Lopez, Maria Calvo and Deb Dutmer, with Magic Bus graduate. YouthPower365 COPA Program Leader, Pedro Alvarez, with COPA participant.

ARTS (VILAR PERFORMING ARTS CENTER)

  • VPAC is having an outstanding summer season. The newly renovated May Gallery is a welcoming, comfortable, contemporary space and to date, we have received rave reviews from our Patrons.
  • VPAC has already exceeded its summer 2019 ticket revenue budget by nearly $20,000 with four more excellent performances still to come.
  • On July 25th the Beaver Creek Resort Company and Vail Valley Foundation executed a new, 10 year Operating and Lease Agreement. Our sincere thanks to Nadia Guerriero, Jen Brown, and the Beaver Creek Resort Company Board for their partnership and support.

ARTS (VAIL DANCE FESTIVAL)

  • Vail Dance Festival is at day 7 and everything is going great. Ticket revenue is very strong, weather is cooperating, and the artistic programming is unique, exciting, and thought provoking.
  • Social/Digital media reach has exceeded our wildest expectations.  A well-known Hollywood movie star, Jennifer Garner, attended the first several days of Vail Dance Festival and she had a great experience. Ms. Garner has been socially engaging with the festival.  This article in Pointe Magazine provides a good overview.  Additionally, Jennifer Garner posted an expansive Instagram story all about her love for the Vail Dance Festival and posted this Vail Dance Festival video of James Whiteside’s world premiere of New American Romance.  It received nearly 475,000 views in less than 24 hours.

HOT SUMMER NIGHTS AT GERALD R. FORD AMPHITHEATER

A beloved project of the VVF for over 30 years. Image below of a packed house at our June 25 Hot Summer Nights concert.

WHISTLE PIG VAIL

Whistle Pig Vail is in a strong position this summer.  Our first show, Steve Martin and Martin Short, was a huge hit and yielded VVF a profit of $35,000.  Our September 5 and September 18 shows remain a bit sluggish with ticket sales, so we are ramping up our marketing efforts.

ATHLETICS (GOPRO MOUNTAIN GAMES)

GoPro Mountain Games receives media coverage year-round.  Our June 2019 event received recent media coverage through an expose on one of our Mountain Games athletes and professional kayaker, Emily Jackson, in Self Magazine. You can review by clicking here.  Article on Emily Jackson in SELF Magazine


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