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Baton Rouge Area Foundation Annual Report | 2010

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Baton Rouge Area Foundation Annual Report | 2010 BATON ROUGE AREA FOUNDATION ANNUAL REPORT | 2010 1 2 BATON ROUGE AREA FOUNDATION | annual report 2010 TBA lE of CONTENTs 5 Letter from the Chair 6 About Us 8 Finances 10 A View of the Last Decade 18 Barton Award Winners 20 Governance 22 Affiliates or Supporting Organizations 23 New Funds 24 Funds 32 Grants 42 Membership 48 Memorials 50 Honoraria 402 N. Fourth Street | Baton Rouge, Louisiana 70802 | 225.387.6126 | braf.org 3 4 BATON ROUGE AREA FOUNDATION | annual report 2010 FROM THE CHAIR Alice D. Greer, Chairman of the Board Hurricane Katrina doubled Baton Rouge’s granted nearly $200 million. We raised and distributed $45 million population. Our response five years ago was an offer to build a after Hurricane Katrina. We led the construction of the Shaw Center mixed-income community on 200 acres in the center of the parish. But for the Arts and reopened the Capitol House as a Hilton Hotel. We government backing went elsewhere, shelving the development. also provided money and staff support for research that is reshaping Today, that project has been revived—and refashioned to be even public education and health care in our community. better. Over the last 18 months, the Foundation has enlisted the Baton The decade ended with the Foundation’s best year. In 2010, BP chose Rouge Community College and the East Baton Rouge Public School the Gulf Coast Restoration and Protection Foundation, a supporting System to become the anchors of this community. When it is complete, nonprofit of the Foundation, for a $100 million donation. It was the educational institutions will be surrounded by homes, shops and given to provide hardship grants to deepwater workers affected by a parks, all mingled within a short walk. federal drilling moratorium. On top of that, donors to the Foundation Known as Smiley Heights, the project shows what’s possible when contributed $40 million more, giving us a record total to help people different people and organizations join together to seek a common who live on the margins, and for undertakings that fundamentally good. The East Baton Rouge Redevelopment Authority, for instance, improve our region. has signed on to develop the project that we began. And local We’ve witnessed 10 years of remarkable achievement. Now, we look government joined with the East Baton Rouge Mortgage Finance back knowing that the accomplishments of our donors and members is Authority to approve money for land acquisition and planning. prologue to what we can do together in the decades to come. Smiley Heights marked the completion of a dynamic and successful decade for the Foundation. From 2001 to 2010, the Foundation 5 Baton Rouge Area Foundation, noun phrase, \ˌba-tən-ˈrüzh ˈā-rē-ə fau̇ n-ˈdā-shən\. 1. A community foundation. 2. Nonprofit. 3. Responsible for two things: a) provides services to donors for easy, effective, enduring philanthropy, b) conducts civic engagement projects, such as cobbling together land for learning community. See examples herein. Began: 1964 Assets: $620 million Current employees: TWENTY-THREE Total grants from start: $265 million Angie Aaron, Executive Assistant Minimum amount to start to the Executive Vice President charitable fund: TEN THOUSAND DOLLARS Jeanne Bagwell, Bookkeeper Jessica Boone, Director of Special Projects Andwed Burns, Conference Center Administrator Patricia Calfee, Project Manager Gloria Chapman, Receptionist Emmy Comeaux, Executive Assistant to the President Fantashia Cooper, Receptionist John Davies, President & CEO Ellen Fargason, Donor Services Edmund Giering IV, General Counsel Courtney Gustin, Comptroller Gerri Hobdy, Director of Partnership Relations Ivy Jack, Employee Assistantce Funds Twanda Lewis, Program Officer Helen Lowery, Director of Donor Services Keith McCoy, IT Administrator Debbie Pickell, Director of Finance Raymond Prince, Financial Operations Manager Dennise Reno, Art Director Lois Smyth, Grants Administrator John Spain, Executive Vice President Mukul Verma, Director of Communications 6 BATON ROUGE AREA FOUNDATION | annual report 2010 ABOUT Us Population of primary service area: 1.47 million Population of secondary service area: 6.8 billion (world) Avoyelles Rapides Vernon West Feliciana East St. Washington Feliciana Helena Evangeline Beauregard Allen Point Coupée East St. Landry Baton Tangipahoa Rouge West St. Tammany Baton Livingston Rouge Jefferson Acadia Calcasieu Davis St. Martin Iberville Lafayette Ascension St.John the Baptist St. Orleans James Iberia Assumption Cameron Vermilion St. Charles St. Martin St. Bernard St. Mary Lafourche Jefferson Plaquemines Terrebonne Baton Rouge Area Foundation Community Foundation of Southwest Louisiana (Affiliate) Northshore Community Foundation (Affiliate) 7 FINANCEs Total assets: $620 million AsT s E s $700M Managed investment portfolio: $127.2 million $600M $500M Real estate assets: $247.7 million $400M $300M Shaw Center for the Arts: $17.4 million $200M $100M 01 02 03 04 05 06 07 08 09 10 Operating revenue: $3.69 million INVE sTMENT RETURNs (percent change) 30 Operating expenses: 25 $3.45 million 20 15 10 5 0 -5 -10 -15 -20 -25 -30 -35 -40 01 02 03 04 05 06 07 08 09 10 Foundation S&P 500 8 BATON ROUGE AREA FOUNDATION | annual report 2010 Venture capital assets: $17.7 million The Foundation has invested in a technology developed by Dr. William Hansel of Pennington Biomedical Research Center that targets cancer cells. A drug is in human clinical trials. 9 HI lTON BATON ROUGE CAPITOl CENTER A VIEW OF THE LAST DECADE The Foundation’s real estate managers put together a puzzle of tax credits with equity and bank financing to reopen the Capitol House as the downtown Baton Rouge Hilton. The project matched the Foundation’s goal of using real estate for more than profit. Rehabbing the Hilton produced jobs and continued advancement for downtown. Number of years shuttered: 21 Reopened: August 30, 2006 Distance from BTR airport: 8 miles Customer ranking for service among 292 full- service Hiltons: 12 Number of employees: 180 Number of room nights sold since reopening: 287,700 Largest room: 450 sf (Huey P. Long Suite) Total banquet guests since reopening: 1,168,883 Number of movies filmed on location or crews housed: 10 10 BATON ROUGE AREA FOUNDATION | annual report 2010 P lAN BATON ROUGE I & II/ DOWNTOWN REDEVElOPMENT A VIEW OF THE LAST DECADE At the start of the last decade, the people of Baton Rouge began implementing a plan for their downtown. Together, they have done well to execute Plan Baton Rouge, the blueprint for a dynamic gathering place by Andres Duany and his planning firm, Duany Plater-Zyberk. During an evening in downtown now, people listen to music, eat tacos and sushi, mingle and make friends. Plan Baton Rouge was a project of the Baton Rouge Area Foundation. Plan Baton Rouge II, meant to continue the progress, is an initiative of the city and its people. Investments in downtown in decade: $2 billion Cafes: 4 Downtown workers: 23,000 (14,000 in 1990) Restaurants: 64 (20 in 1990) Residents: 4,000 Cultural attractions: 13 (8 in 1990) Number of granite pieces used to build 2,500 City Plaza II: Number of karaoke songs sung at Red Star, which opened in 2000: 13,286 11 A VIEW OF THE LAST DECADE INNER CITY REDEVElOPMENT With downtown breathing again, the Baton Rouge Area Foundation cast its eyes on the ring of frayed neighborhoods that surround the city center. Over the decade, our efforts with collaborators produced new housing in Old South Baton Rouge (OSBR), sparked private investment at the edge of LSU and created the East Baton Rouge Redevelopment Authority (RDA), a mechanism that has started to accelerate the reclamation of neighborhoods across the parish. RDA tax credits won for inner-city projects: $60 million RDA tax credits to help build ExxonMobil YMCA near airport: $6.1 million New condos on Nicholson Drive at LSU’s north gate: 145 Number of new housing units built in OSBR under federal Hope VI grant: 48 Most spent to clear title to put a $10,000 OSBR property back in development: $46,000 Number of pounds of sunflower seeds planted on three OSBR lots: 20 Amount spent to rehab OSBR homes since 2008: $390,000 Number of businesses receiving a facelift from $185,000 in grants with partners: 17 12 BATON ROUGE AREA FOUNDATION | annual report 2010 A VIEW OF THE LAST DECADE s HAW CENTER FOR THE ARTs The Shaw Center for the Arts has become an icon for what is possible in East Baton Rouge. Donors of the Baton Rouge Area Foundation were among lead financiers of the center, which includes the Manship Theatre, LSU Museum of Art, restaurants, a gallery, coffee shop, gift shop and overlooks of the river. A part of the center is among Foundation assets. Cost: $55 million Atrium height in feet: 65 Atrium paint color: PPG Del Sol 114-7 Number of pieces in LSU Museum of Art Permanent Collection: 4,975 Pounds of ahi tuna consumed in a typical week at Tsunami: 100 Most performances by artist at Manship Theatre: 3 (Randy Newman) Quickest sell-out at Manship Theatre in days: 2 (Aaron Neville) Highest-priced ticket at Manship Theatre: $200 (Martin Short) 13 BP DONATION-FIRsT ROUND GRANTs THIs PAsT YEAR Following the Gulf of Mexico oil spill, BP made a donation to the Gulf Coast Restoration and Protection Foundation to provide hardship grants to deepwater rig workers affected by a six-month federal moratorium. The GCRPF, a Baton Rouge Area Foundation supporting nonprofit, discovered the need was not very deep, as most drillers retained their high-skilled employees. The first round was in 2010; a second round was under way when this publication went to press. Whatever remains after the second round will be used to benefit the Gulf Coast. Amount of BP donation: $100 million Number of rigs affected: 33 Estimated number of workers on deepwater rigs: NINE THOUSAND Total applications for 1st round: 624 Total completed applications: 343 Number of completed applications rejected: 9 Grant range: $3,000 to $30,000 Average grant: $15,914 Total granted for round 1: $5.3 million 14 BATON ROUGE AREA FOUNDATION | annual report 2010 sI M lEY HEIGHTs THIs PAsT YEAR In 2006 the Foundation attempted to construct a community in the center of the parish to provide housing, retail and offices for the Katrina population surge.
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