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2010 ANNUAL REPORT 1 2010 in Review

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Greater Worcester Community Foundation ANNUAL REPORT 2010 THE ART OF GIVING By The Numbers 2010 10 Year Record Total Assets $120,950,125 Contributions to new & existing funds $3,476,981 Contributions Received Investment returns 11.6% Grants and scholarships awarded $4,470,011 Number of grantee organizations 485 Number of new funds 26 Total named funds 451 Approved Grants by Broad Category Total Awards $4,470,011 Arts $795,723 Health & Human Services $1,814,566 Community Development $353,147 Grants & Scholarships Approved Education Environment $1,400,287 $106,288 Contributions Number Number of gifts 1055 Number of donors 824 Largest gift $800,000 Smallest gift $2 Total Gifts $3,476,981 Total Assets Annual Report Index Letter to Our Community 1 2010 in Review 2 The Art of a Community Foundation 3 Donor Profiles 4 Acorn Society 9 New Funds Created in 2010 10 Named Funds 12 Contributors 18 Grantmaking 21 Grants 22 Scholarships 30 Financials 32 Committees 34 Corporators 35 By the Numbers 2010 Board of Directors and Staff 36 As of 12/31/2010 Ways to Give Inside back cover Letter to Our Community Dear Friends, Your giving through the Foundation is a creative act, a way to transform what you find into something better and richer than before. Each of our donor’s funds enhances some facet of the community. You work with us to make a mark. Your community is better because of your gift; and the Foundation is stronger because of your participation. The Foundation is all the more creative and powerful in its giving because of the variety of its donors’ perspectives. Your Foundation is evolving to better serve you and the community by increasingly aligning its resources around grant-making priorities. We’ll step up our impact, and take some measured but bold risks. The Foundation is so broad in reach, so trusted and so permanent, that such pulling together is a natural step forward for us. In 2010, contributions were up, new funds were up and more donors than ever joined us in learning about needs in our region that demand creative and powerful giving. You share our eagerness to make even more of an impact. One of our region’s priorities is to prepare a workforce that will attract and sustain employers in the coming years. With Ann Lisi and Joe Salois guide Foundation activities that nearly one quarter of our residents less than 18 years of age, support nonprofit organizations throughout Central our population is among the youngest in the state. Massachusetts. Looking ahead to new sources of prosperity in our region, in his giving. His legacy includes the Foundation’s annual long known for innovations in manufacturing, health care, Renaissance Award, which he established and endowed to and education, we held a series of donor education programs nurture nonprofit leadership in perpetuity. “By creating a that examined what it will take to prepare future workers— fund, you can carry on your own way of bettering the world,” from investing in early childhood education to science and said Jack. technology initiatives that complement our already strong focus on health care job creation. We honor Jack and each of our donors by building on the rich legacy of our founders. Among the close friends we lost in 2010 is Jack Lund, a Foundation founder. Jack personified creativity in his life and Sincerely, On the cover: In Da Zone, the award-winning hip-hop troupe of the Boys & Girls Club of Worcester, awed the audience with Ann T. Lisi R. Joseph Salois their performance at the Foundation’s Celebration of Arts President and CEO Chairman and Community, held in February in Worcester’s historic Hanover Theatre. The performers from left to right are, Desiree Benoit, Grecia Familia and Tatiana Buchannan. Greater Worcester Community Foundation • 2010 ANNUAL REPORT 1 2010 In Review Growth resumes to pre-recession levels STEWARDSHIP GRANTMAKING • Increased endowment portfolio by 11% over 2009 by • Distributed in excess of $4.4 million, including $550,000 rebalancing the portfolio in scholarships, directing most grants to youth and family • Gained contributions totaling $3.4 million, the highest services, including affordable housing as well as arts and since the economic downturn began in 2008 college success programs • Served private foundations including the new $800,000 • Nurtured teen grantmakers through Youth for Community George I. Alden Community Education Fund to advance Improvement, whose 16 members distributed $15,000 to local programs from early childhood to adult learning programs serving children, from urban farming to homework help. Over 12 years, YCI grants have totaled DONOR SERVICES more than $200,000 • Hosted a donor education breakfast that examined • Served as fiscal agent for the Worcester Tree Initiative, the impact of early childhood education on economic a citizen effort to reforest Worcester and surrounding development in Central Massachusetts communities • Held a donor Insight event featuring WPI President Dennis • Completed a two-year, $250,000 grantmaking program, Berkey, who spoke on Science, Technology, Engineering, the first to focus on the welfare of the region’s gay, lesbian, and Math (STEM) education and job initiatives bisexual and transgender residents, and held a fundraiser • Conducted a Foundation Forum to promote the event for an endowed fund to continue such grants Massachusetts Cultural Data Project, which requires in perpetuity culture and arts grantees to provide data that quantifies • Established a leadership task force to recommend their impact grantmaking priorities and strategies to support high- • Hosted a donor education event on homeless women at performing nonprofits Worcester Technical High School with guest speaker Dr. Linda Weinreb of UMass Medical School NONPROFIT SUPPORT CENTER • Surveyed nonprofit leaders and conducted best practice sessions responsive to their priorities, including fundraising, evaluation, working with a board, and compensation Photo above: Foundation grants to Quinsigamond • Launched a program that combined mentoring with peer- Community College enable Worcester high school students to learn robotics. to-peer workshops 2 GreaterGreater Worcester Worcester Community Community Foundation Foundation • • 07 2010 ANNUAL ANNUAL REPORT REPORT The Art of a Community Foundation Putting dreams and gifts to work When the Worcester-based George I. Alden Trust decided to expand its grantmaking priorities to encompass education from early childhood through adulthood, its trustees turned to the Foundation, confident in our community knowledge and ability to spring into action on their behalf. Within months, their investment became an active grantmaking resource. At the same time, the new George I. Alden Community Education Fund became part of the Foundation’s $116 million endowment, which pools together all of our individual donors’ funds and gifts. The Foundation protects and grows this community asset through prudent investments that enlarge the capacity of each fund and the Foundation as a whole to do good—now and in perpetuity. Each donor enriches and mines these assets in a different way. Run by the people, for the people, the Foundation is unique as a citizen-run model of philanthropy dedicated to enhancing the community as a whole, now and in the future, rather than just one sector or cause. The Foundation remains faithful to the vision of its founders, whose experiment in a distinctly neighborly and self-reliant model of philanthropy took hold and spread deep roots. Worcester Tree Initiative brings trees to schools, parks and city streets. Trusted for its transparency and efficiency and valued for its wisdom and longevity, the Foundation is unique in its capacity to unite people from diverse sectors in influencing In the five stories that follow, you’ll see this art of giving and effecting positive change within the region. at work in all its variety and generosity. A woman with a fondness for dogs funds canine assistance for deaf and The Foundation’s reach and power are rooted in its personal physically disabled people. Two retired professors continue relationships with each donor. We stand by our donors long their life’s work—to promote quality and affordable after they are gone and ensure that their wishes are fulfilled education that prepares nurses for leadership roles. A in perpetuity. financial advisor honors the high school teacher who influenced his life and career success. Long after their This loyalty to our donors’ intentions is embedded in our passing, a couple ensures that high quality health care governing bylaws and embodied in our dedicated staff. Every remains near their town. And a son pays tribute to his late day, our staff guides families and individuals as they make mother by contributing to causes she cherished in her beloved some of their most intimate decisions about their legacy hometown, Worcester. and their deepest values to craft funds that fulfill their philanthropic and financial goals. Donors entrust us with their dreams and gifts—and leave the details to us. Even those who take an active hand in grantmaking through donor advised funds find the Foundation’s guidance of value. Greater Worcester Community Foundation • 2010 ANNUAL REPORT 3 Max H. Kuhner and Eloise A. Kuhner Fund Longtime Oakham residents keep health care close to home In the early ‘50s, Max and Eloise Kuhner built a rustic, chalet- like house on former farmland in Oakham. They filled their home with displays of coins, arrowheads and keepsakes from their travels as well as Eloise’s vast assortment of teddy bears. Max was an engineer; but at home, he became a craftsman. If he had to cut down a tree, he turned it into stools, benches and coffee tables. A genial, community minded man, Max established a trust to ensure the future of the local Holden Hospital, a cherished resource to families throughout the Wachusett region. Eloise shared her husband’s support for local health care and volunteered at the Barre Family Health Center.
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