Whitney Benefits’ total operating and administrative expenses as a percentage of noncharitable-use assets: by asset size and paid staff, by asset size and foundation type and by asset size and U.S. Census region (Western United States): In 2019, Exponent Philanthropy (a national peer benching resource organization) reported 1.85%, 2.14%, 1.39% respectively in these three categories. Whitney was 1.08%. In 2020, Exponent Philanthropy reported 1.57%, 1.59%, 2.01% respectively in these three categories. Whitney was 0.98%. As the data shows, Whitney trustees and staff continue to operate fiscally and prudently to protect the resources of the foundation.

WHITNEY FOUNDATION CONTINUES CERTIFICATION

FOR FIDUCIARY EXCELLENCE

The CEFEX standard of excellence for Investment Stewards is based on fiduciary practices that seek to increase long-term investment performance by diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses, and selecting or terminating investment managers. What it means for a non-profit organization to be CEFEX- certified. Investment stewards, such as Whitney Benefits trustees and staff, have the primary responsibility for effective management and the adherence to investment fiduciary practices. Benefits of fiduciary assessments include: establishing evidence that Whitney is following a prudent investment process; increases long-term investment performance by identifying appropriate procedures for diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses and selecting and terminating Investment Managers as appropriate. This fiduciary practice uncovers investment and procedural risks not previously identified, which assists in prioritizing investment management projects. This practice encourages Whitney to compare their practices to their peers, and assists in establishing benchmarks to measure Whitney’s efforts. Whitney Benefits places the highest fiduciary importance on having the best practices in place. By its certification, Whitney can validate its adherence in fiduciary management and demonstrates that Whitney trustees and staff regard independent oversight of its financial activities as paramount.
Mr. Whitney specifically stated in his Will that, "The corporation trustees, acting as such, shall receive no pay for their services, as it seems to me that the selection and honor of serving on such a board for such purpose would, with the opportunity given to benefit the youth of their own county, attract men of ability and influence who would find the work a labor of love, so to speak, and would willingly fill the office of advisors and directors of the paid working officials into whose hands they commit the actual working out of their plans and instructions." CURRENT WHITNEY BENEFITS BOARD OF DIRECTORS Roy Garber, President; Tom Belus, Vice-President; Everett McGlothlin, Secretary; Dr. Stephen Holst, Treasurer; Sam Scott; Kim Love; Robert Prusak; Brandi Bilyeu; Nadine Gale; Dave Kinskey; Cameron Duff; Pam Peldo; and Megan Cook Since 1927, when Whitney Benefits was created, over 100 dedicated individuals have served on the Whitney Benefits Board of Trustees. These Whitney Trustees have dedicated years of volunteer service supporting education and building our Sheridan community.
Whitney Benefits
An Educational Foundation by the late Mr. Edward A. Whitney

Board of Directors

C .V. Davis 1927-1947 Alf Diefenderfer 1927-1945 F.A. Eaton 1927-1937 Edward P. Fitzgerald 1927-1935 W.G. Griffen 1927-1943 Vernon Griffith 1927-1959 Emerson Hanson 1927-1962 I.P. Hayes 1927-1945 B.G. McKeen 1927-1943 H.C. Stevens 1927-1929 & 1936-1945 J.D. Thorn 1927-1931 Allen Williams 1927-1934 N.P. Yentzer 1927-1929 E.C. Bowman 1930-1955 Peter Kooi 1930-1935 L.J. O’Marr 1931-1943 J. Frank Kirkpatrick 1935-1941 Ralph Carmichael 1936-1955 Lawrence S. Fuller 1937-1943 W.N. Shackelford 1942-1965 William D. Redle 1943-1959 O.G. Rhode 1944-1963 Edwin Small 1944-1947 James Wolfe 1944-1959 Dr. P.M. Schunk 1945-1945 Jackson Bentley 1946-1953 George Johnson 1946-1951 Andre Zoutte 1946-1953 Ralph Hylton 1948-1959 Ted Kellner 1948-1952 Hurbert O. Minick 1951-1958 E.E. Edwards 1952-1959 James Carroll 1954-1960 Robert Holstedt 1954-1965 Charles H. Kane 1956-1959
J.W. Wilson, Jr. 1956-1961 Clifford H. Carroll 1958-1961 Harold Newton 1960-61 & 1972-81 Jesse K. Beeson 1960-1967 C.D. Calhoun 1960-1963 W.J. Christensen 1960-1967 William Long 1960-1975 Dr. Peter Madsen 1960-1987 Homer Scott, Sr. 1960-1993 Gus Booras 1962-1965 Henry A. Burgess 1962-1993 J. Gordon McCalister 1962- 1965 Donald Roberts 1962-1965 Fred Kaufmann 1964-1969 William Welch 1964-1967 Warren Sheldon 1965-1969 C.B. Metz 1966-1993 Frank Panetta 1966-1972 Joe Parker 1966-1982 S. Watts Smyth 1966-1977 Burton Kerns 1968-1989 Ralph Foster 1969-1970 George Gligorea 1970-1991 Dorothy King 1970-2001 John P. Chase 1972-2013 W. E. Cook 1972-1991 Dr. George Ewan 1975-1999 Jane Schroeder 1977-1991 N.A. Nelson, Jr. 1982-2001 David Withrow 1982-2013 David Parker 1986-1999 Ray Johnston 1989-1994 Waldo Forbes 1991-1999 Tim Barnes 1992-2001 Roy Garber 1992-Present
Darlene Reiter 1993-1997 Ky Dixon 1994-1997 Bruce Hendricks 1994-1996 Sam Scott 1994-Present John Smith 1996-99 & 2002-05 Candy Hardesty 1998-1999 Janet Ludwig 1998-2001 Tom Belus 2000-Present Tom Kinnison 2000-2018 Gary Koltiska 2000-2003 Tim Tarver 2000-2004 Tom Throne 2000-2003 Kim Love 2001-Present Val Burgess 2002-2013 Mary Ellen McWilliams 2002-05 John Patton 2002-2002 Dr. Sy Thickman 2002-2002 Maureen Humphrys 2003-2015 Peter Schoonmaker 2004-2019 Samuel S. Street 2005-2014 Dr. Stephen Holst 2006- Present Everett E. McGlothlin 2006- Present Robert Prusak 2013-Present Tom Pilch 2014-2017 Lynie Phipps 2014-2020 Lori McMullen 2014-2017 Dave Ferries 2015-2018 Brandi Bilyeu 2018-Present Nadine Gale 2018-Present Dave Kinskey 2018-Present Doug Hockett 2019-2021 Cameron Duff 2020-Present Pam Peldo 2020-Present Megan Cook 2022-Present
© Whitney Benefits, Inc. All Rights Reserved Phone: 307-674-7303
Whitney Benefits’ total operating and administrative expenses as a percentage of noncharitable-use assets: by asset size and paid staff, by asset size and foundation type and by asset size and U.S. Census region (Western United States): In 2019, Exponent Philanthropy (a national peer benching resource organization) reported 1.85%, 2.14%, 1.39% respectively in these three categories. Whitney was 1.08%. In 2020, Exponent Philanthropy reported 1.57%, 1.59%, 2.01% respectively in these three categories. Whitney was 0.98%. As the data shows, Whitney trustees and staff continue to operate fiscally and prudently to protect the resources of the foundation.

WHITNEY FOUNDATION CONTINUES CERTIFICATION FOR FIDUCIARY EXCELLENCE

The CEFEX standard of excellence for Investment Stewards is based on fiduciary practices that seek to increase long-term investment performance by diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses, and selecting or terminating investment managers. What it means for a non-profit organization to be CEFEX-certified. Investment stewards, such as Whitney Benefits trustees and staff, have the primary responsibility for effective management and the adherence to investment fiduciary practices. Benefits of fiduciary assessments include: establishing evidence that Whitney is following a prudent investment process; increases long-term investment performance by identifying appropriate procedures for diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses and selecting and terminating Investment Managers as appropriate. This fiduciary practice uncovers investment and procedural risks not previously identified, which assists in prioritizing investment management projects. This practice encourages Whitney to compare their practices to their peers, and assists in establishing benchmarks to measure Whitney’s efforts. Whitney Benefits places the highest fiduciary importance on having the best practices in place. By its certification, Whitney can validate its adherence in fiduciary management and demonstrates that Whitney trustees and staff regard independent oversight of its financial activities as paramount.
CEFEX
C .V. Davis 1927-1947 Alf Diefenderfer 1927-1945 F.A. Eaton 1927-1937 Edward P. Fitzgerald 1927-1935 W.G. Griffen 1927-1943 Vernon Griffith 1927-1959 Emerson Hanson 1927-1962 I.P. Hayes 1927-1945 B.G. McKeen 1927-1943 H.C. Stevens 1927-1929 & 1936-1945 J.D. Thorn 1927-1931 Allen Williams 1927-1934 N.P. Yentzer 1927-1929 E.C. Bowman 1930-1955 Peter Kooi 1930-1935 L.J. O’Marr 1931-1943 J. Frank Kirkpatrick 1935-1941 Ralph Carmichael 1936-1955 Lawrence S. Fuller 1937-1943 W.N. Shackelford 1942-1965 William D. Redle 1943-1959 O.G. Rhode 1944-1963 Edwin Small 1944-1947 James Wolfe 1944-1959 Dr. P.M. Schunk 1945-1945 Jackson Bentley 1946-1953 George Johnson 1946-1951 Andre Zoutte 1946-1953 Ralph Hylton 1948-1959 Ted Kellner 1948-1952 Hurbert O. Minick 1951-1958 E.E. Edwards 1952-1959 James Carroll 1954-1960 Robert Holstedt 1954-1965 Charles H. Kane 1956-1959

Board of Directors

Whitney Benefits
An Educational Foundation by the late Mr. Edward A. Whitney
J.W. Wilson, Jr. 1956-1961 Clifford H. Carroll 1958-1961 Harold Newton 1960-61 & 1972-81 Jesse K. Beeson 1960-1967 C.D. Calhoun 1960-1963 W.J. Christensen 1960-1967 William Long 1960-1975 Dr. Peter Madsen 1960-1987 Homer Scott, Sr. 1960-1993 Gus Booras 1962-1965 Henry A. Burgess 1962-1993 J. Gordon McCalister 1962-1965 Donald Roberts 1962-1965 Fred Kaufmann 1964-1969 William Welch 1964-1967 Warren Sheldon 1965-1969 C.B. Metz 1966-1993 Frank Panetta 1966-1972 Joe Parker 1966-1982 S. Watts Smyth 1966-1977 Burton Kerns 1968-1989 Ralph Foster 1969-1970 George Gligorea 1970-1991 Dorothy King 1970-2001 John P. Chase 1972-2013 W. E. Cook 1972-1991 Dr. George Ewan 1975-1999 Jane Schroeder 1977-1991 N.A. Nelson, Jr. 1982-2001 David Withrow 1982-2013 David Parker 1986-1999 Ray Johnston 1989-1994 Waldo Forbes 1991-1999 Tim Barnes 1992-2001 Roy Garber 1992-Present
Darlene Reiter 1993-1997 Ky Dixon 1994-1997 Bruce Hendricks 1994-1996 Sam Scott 1994-Present John Smith 1996-99 & 2002-05 Candy Hardesty 1998-1999 Janet Ludwig 1998-2001 Tom Belus 2000-Present Tom Kinnison 2000-2018 Gary Koltiska 2000-2003 Tim Tarver 2000-2004 Tom Throne 2000-2003 Kim Love 2001-Present Val Burgess 2002-2013 Mary Ellen McWilliams 2002-05 John Patton 2002-2002 Dr. Sy Thickman 2002-2002 Maureen Humphrys 2003-2015 Peter Schoonmaker 2004-2019 Samuel S. Street 2005-2014 Dr. Stephen Holst 2006-Present Everett E. McGlothlin 2006-Present Robert Prusak 2013-Present Tom Pilch 2014-2017 Lynie Phipps 2014-2020 Lori McMullen 2014-2017 Dave Ferries 2015-2018 Brandi Bilyeu 2018-Present Nadine Gale 2018-Present Dave Kinskey 2018-Present Doug Hockett 2019-2021 Cameron Duff 2020-Present Pam Peldo 2020-Present Megan Cook 2022-Present
Mr. Whitney specifically stated in his Will that, "The corporation trustees, acting as such, shall receive no pay for their services, as it seems to me that the selection and honor of serving on such a board for such purpose would, with the opportunity given to benefit the youth of their own county, attract men of ability and influence who would find the work a labor of love, so to speak, and would willingly fill the office of advisors and directors of the paid working officials into whose hands they commit the actual working out of their plans and instructions." CURRENT WHITNEY BENEFITS BOARD OF DIRECTORS Roy Garber, President; Tom Belus, Vice-President; Everett McGlothlin, Secretary; Dr. Stephen Holst, Treasurer; Sam Scott; Kim Love; Robert Prusak; Brandi Bilyeu; Nadine Gale; Dave Kinskey; Cameron Duff; Pam Peldo; and Megan Cook Since 1927, when Whitney Benefits was created, over 100 dedicated individuals have served on the Whitney Benefits Board of Trustees. These Whitney Trustees have dedicated years of volunteer service supporting education and building our Sheridan community.
© Whitney Benefits, Inc. All Rights Reserved Phone: 307-674-7303
Whitney Benefits’ total operating and administrative expenses as a percentage of noncharitable-use assets: by asset size and paid staff, by asset size and foundation type and by asset size and U.S. Census region (Western United States): In 2019, Exponent Philanthropy (a national peer benching resource organization) reported 1.85%, 2.14%, 1.39% respectively in these three categories. Whitney was 1.08%. In 2020, Exponent Philanthropy reported 1.57%, 1.59%, 2.01% respectively in these three categories. Whitney was 0.98%. As the data shows, Whitney trustees and staff continue to operate fiscally and prudently to protect the resources of the foundation.
Mr. Whitney specifically stated in his Will that, "The corporation trustees, acting as such, shall receive no pay for their services, as it seems to me that the selection and honor of serving on such a board for such purpose would, with the opportunity given to benefit the youth of their own county, attract men of ability and influence who would find the work a labor of love, so to speak, and would willingly fill the office of advisors and directors of the paid working officials into whose hands they commit the actual working out of their plans and instructions." CURRENT WHITNEY BENEFITS BOARD OF DIRECTORS Roy Garber, President; Tom Belus, Vice-President; Everett McGlothlin, Secretary; Dr. Stephen Holst, Treasurer; Sam Scott; Kim Love; Robert Prusak; Brandi Bilyeu; Nadine Gale; Dave Kinskey; Cameron Duff; Pam Peldo; and Megan Cook Since 1927, when Whitney Benefits was created, over 100 dedicated individuals have served on the Whitney Benefits Board of Trustees. These Whitney Trustees have dedicated years of volunteer service supporting education and building our Sheridan community.

WHITNEY FOUNDATION

CONTINUES CERTIFICATION

FOR FIDUCIARY EXCELLENCE

The CEFEX standard of excellence for Investment Stewards is based on fiduciary practices that seek to increase long-term investment performance by diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses, and selecting or terminating investment managers. What it means for a non-profit organization to be CEFEX-certified. Investment stewards, such as Whitney Benefits trustees and staff, have the primary responsibility for effective management and the adherence to investment fiduciary practices. Benefits of fiduciary assessments include: establishing evidence that Whitney is following a prudent investment process; increases long-term investment performance by identifying appropriate procedures for diversifying the portfolio across multiple asset classes and peer groups, evaluating investment management fees and expenses and selecting and terminating Investment Managers as appropriate. This fiduciary practice uncovers investment and procedural risks not previously identified, which assists in prioritizing investment management projects. This practice encourages Whitney to compare their practices to their peers, and assists in establishing benchmarks to measure Whitney’s efforts. Whitney Benefits places the highest fiduciary importance on having the best practices in place. By its certification, Whitney can validate its adherence in fiduciary management and demonstrates that Whitney trustees and staff regard independent oversight of its financial activities as paramount.
C .V. Davis 1927-1947 Alf Diefenderfer 1927-1945 F.A. Eaton 1927-1937 Edward P. Fitzgerald 1927-1935 W.G. Griffen 1927-1943 Vernon Griffith 1927-1959 Emerson Hanson 1927-1962 I.P. Hayes 1927-1945 B.G. McKeen 1927-1943 H.C. Stevens 1927-1929 & 1936-1945 J.D. Thorn 1927-1931 Allen Williams 1927-1934 N.P. Yentzer 1927-1929 E.C. Bowman 1930-1955 Peter Kooi 1930-1935 L.J. O’Marr 1931-1943 J. Frank Kirkpatrick 1935-1941 Ralph Carmichael 1936-1955 Lawrence S. Fuller 1937-1943 W.N. Shackelford 1942-1965 William D. Redle 1943-1959 O.G. Rhode 1944-1963 Edwin Small 1944-1947 James Wolfe 1944-1959 Dr. P.M. Schunk 1945-1945 Jackson Bentley 1946-1953 George Johnson 1946-1951 Andre Zoutte 1946-1953 Ralph Hylton 1948-1959 Ted Kellner 1948-1952 Hurbert O. Minick 1951-1958 E.E. Edwards 1952-1959 James Carroll 1954-1960 Robert Holstedt 1954-1965 Charles H. Kane 1956-1959
J.W. Wilson, Jr. 1956-1961 Clifford H. Carroll 1958-1961 Harold Newton 1960-61 & 1972-81 Jesse K. Beeson 1960-1967 C.D. Calhoun 1960-1963 W.J. Christensen 1960-1967 William Long 1960-1975 Dr. Peter Madsen 1960-1987 Homer Scott, Sr. 1960-1993 Gus Booras 1962-1965 Henry A. Burgess 1962-1993 J. Gordon McCalister 1962-1965 Donald Roberts 1962-1965 Fred Kaufmann 1964-1969 William Welch 1964-1967 Warren Sheldon 1965-1969 C.B. Metz 1966-1993 Frank Panetta 1966-1972 Joe Parker 1966-1982 S. Watts Smyth 1966-1977 Burton Kerns 1968-1989 Ralph Foster 1969-1970 George Gligorea 1970-1991 Dorothy King 1970-2001 John P. Chase 1972-2013 W. E. Cook 1972-1991 Dr. George Ewan 1975-1999 Jane Schroeder 1977-1991 N.A. Nelson, Jr. 1982-2001 David Withrow 1982-2013 David Parker 1986-1999 Ray Johnston 1989-1994 Waldo Forbes 1991-1999 Tim Barnes 1992-2001 Roy Garber 1992-Present
Darlene Reiter 1993-1997 Ky Dixon 1994-1997 Bruce Hendricks 1994-1996 Sam Scott 1994-Present John Smith 1996-99 & 2002-05 Candy Hardesty 1998-1999 Janet Ludwig 1998-2001 Tom Belus 2000-Present Tom Kinnison 2000-2018 Gary Koltiska 2000-2003 Tim Tarver 2000-2004 Tom Throne 2000-2003 Kim Love 2001-Present Val Burgess 2002-2013 Mary Ellen McWilliams 2002-05 John Patton 2002-2002 Dr. Sy Thickman 2002-2002 Maureen Humphrys 2003-2015 Peter Schoonmaker 2004-2019 Samuel S. Street 2005-2014 Dr. Stephen Holst 2006-Present Everett E. McGlothlin 2006-Present Robert Prusak 2013-Present Tom Pilch 2014-2017 Lynie Phipps 2014-2020 Lori McMullen 2014-2017 Dave Ferries 2015-2018 Brandi Bilyeu 2018-Present Nadine Gale 2018-Present Dave Kinskey 2018-Present Doug Hockett 2019-2021 Cameron Duff 2020-Present Pam Peldo 2020-Present Megan Cook 2022-Present

Board of Directors

© Whitney Benefits, Inc. All Rights Reserved Phone: 307-674-7303
Whitney Benefits       307-674-7303