Annual Report 2017 CONTENTS
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VOICE Annual Report 2017 CONTENTS 2 Our Values 3 CEO & Chair Message 4 Board of Directors 6 HONORING THE VOICES OF OUR DONORS 14 VOICES INSPIRING ACTION 29 VOICE OF ONE, VOICE OF MANY 30 Our Statewide Voice 38 THE COLLECTIVE VOICE 43 Resources for Individuals & Families 44 Resources for Nonprofits 45 Resources for Businesses & Corporations 47 Resources for Professional Advisors 48 Resources Athletes, Teams & Organizations 50 The Power of Endowment 52 Planned Giving 53 Legacy Society 54 ARIZONA’S VOICE, PRESERVED AND MANAGED 56 Our Philanthropic Agenda 57 Community Investments 60 Grants by Strategic Priority 61 Financial Highlights 62 Financial Assets 63 Summary Financial Statement 64 Investment Management 66 New Funds 67 Existing Funds 75 ACF Supporting Organizations & Boards 76 Committees, Regional Advisors, Task Forces & Steering Committees 78 Management & Staff 80 This Is Our Community Foundation As we face the challenges taking place in the world today, Arizona has a voice that listens, learns, shares, and engages people around opportunities and solutions. The Arizona Community Foundation is that voice. We collaborate and fi nd solutions on issues and concerns expressed by the people across this great state. Our work continues as we build and grow the philanthropic resources for Arizona’s future. OUR MISSION Lead, serve and collaborate to mobilize enduring philanthropy for a better Arizona. 2 VOICE ACF & AFFILIATES ANNUAL REPORT 2017 Exceptional Innovation Service We demonstrate and welcome We serve and amaze our clients, creativity, resourcefulness, nurturing lifelong relationships that and ingenuity. We invite and span the generations. encourage new ideas, pioneering practices, and inventive methods for achieving community good. Stewardship We safeguard donor intent in perpetuity, ensuring the resources Nimbleness entrusted to us are protected and We are fl exible, responsive, open invested in positive, sustainable to creative strategies, and able outcomes for our communities. to take prompt action. Integrity Inclusion We work to deserve the trust Our strength is found in our of those we serve by operating diff erences. We believe diverse ethically and transparently, voices, engagement, and honoring our commitments, and participation are essential to showing courtesy and respect in building and sustaining all aspects of our work. thriving communities. Collaboration We believe in the transformative power of partnerships around shared passions and objectives. We encourage and celebrate teamwork, pooling of resources, OUR open communication, and trust. VA L U E S 3 DONORS, PARTNERS, FRIENDS– The Arizona Community Foundation celebrates the voices of many. An active voice. A supportive voice. Through our annual report this year, we invite you to see how each voice in A voice for equality. our community is represented through our donors, our board, our affi liates, A local voice. A voice of innovation. our supporting organizations, our advisory councils, our grantees, our business A collaborative voice. partners, and our community. Our voices will continue working together to A silent voice. A community voice. create a better Arizona for everyone. A singular voice. A voice of support. A voice of a leader. A voice for those who can’t speak for themselves. A voice for opportunity. Shelley Cohn, Steven G. Seleznow, A voice for the past. Board Chair President & CEO A voice for the future. A voice for action. A provocative voice. A creative voice. A voice of diff ering opinions. A soft -spoken voice. An outspoken voice. A voice of the next generation. A voice of fl exibility. A voice for justice. A positive voice. A wise voice. A voice of reason. A voice of dreamers and doers. A voice to empower. A voice for everyone. 4 VOICE ACF & AFFILIATES ANNUAL REPORT 2017 BOARD OF DIRECTORS CHAIR VICE CHAIR SECRETARY TREASURER Steven G. Seleznow Shelley Cohn Stephen O. Evans Charley Freericks Rufus Glasper President & CEO, Community and Arts Volunteer Chairman, Evans Charitable Senior Vice President, Catellus President & CEO, League for Arizona Community Foundation Foundation Innovation in the Community College Gwen Calhoun Javier Cárdenas W. David Connell Robbin M. Coulon, Esq. Mark Feldman Council Member, Director, Barrow Concussion and Sr. Vice President, Chief Fiduciary Director of Legal Services, CEO & Managing Partner, City of Sierra Vista Brain Injury Center Offi cer–West Region (Retired), Area Agency on Aging, Region One MRA Associates The Northern Trust Company Mary Martuscelli Tammy McLeod Ann Drummond Melsheimer Jacob Moore Richard Morrison West Region President, President & CEO, Community Volunteer Assistant Vice President of Tribal Canon for Ecumenical and U.S. Bank Flinn Foundation Relations, Arizona State University Community Relations, Episcopal Diocese of Arizona PAST CHAIRS Lisa Urias John O. Whiteman 2013-2015 2011-2013 2009-2011 President & CEO, President, Jack Davis William J. Hodges, Marilyn Harris President & CEO (Retired), CPA/PFS Urias Communications Whiteman Foundation President, Arizona Public Service Chairman, MRA Associates Manistee Investments 5 Benito Almanza Lon Babby Mark C. Bohn Tony Bolazina Ron Butler Arizona, State President, President of Basketball Operations Partner, Senior Vice President and Managing Partner, Ernst & Young, LLP Bank of America (Retired), Phoenix Suns Boyer Bohn P.C. Region President, The Northern Immediate Past Chair Trust Company Neil H. Hiller, Esq. Heidi Jannenga Herbert M. Kaufman, Ph.D. Leezie Kim, Esq. Paul J. Luna Director, President, Professor Emeritus of Finance, General Counsel, President & CEO, Fennemore Craig WebPT W. P. Carey School of Business, ASU Fox Restaurant Concepts, LLC Helios Education Foundation Jodi O. Padgett, CFP MS Frederick M. Pakis Barbara Poley Marian Rhodes James W. Ryan, Esq. Partner, Taylor & Padgett Managing Director, Clarendon Executive Director (Retired), The Hopi Senior Vice President, Chief Human Founding Partner, Frazer Ryan Financial Group, LLC Capital Management, LLC Foundation; Community Volunteer Resources & Diversity Offi cer, Goldberg & Arnold, LLP Arizona Diamondbacks 2007-2009 2005-2007 2002-2004 1998-2001 1995-1997 1994-1995 1990-1993 1980-1989 Richard Silverman Gerald Bisgrove Robert Delgado Bennett Dorrance Richard Snell Neal Kurn, Esq. Richard H. Whitney, Esq. Bert Getz Jennings Strouss & Chairman & CEO, President & CEO, Managing Director, Chairman Emeritus, Director, Fennemore Craig Member, Gust Rosenfeld Chairman, Globe Corporation Salmon, PLC Stardust Companies Hensley Beverage Company DMB Associates Pinnacle West Chairman Emeritus 6 VOICE ACF & AFFILIATES ANNUAL REPORT 2017 we help people put their money where their hearts are. 7 8 VOICE ACF & AFFILIATES ANNUAL REPORT 2017 PROFILE: DONOR Since 1994, funds established by the Rosenzweigs have distributed $1 million into the community. Newton and Betty ROSENZWEIG Betty Rosenzweig, who passed away last year, and her husband, Newt, who passed away in 2002, were generous Arizonans who helped shape the civic and charitable landscape of our community through their professional and philanthropic endeavors. Their story began more than a half-century ago. A 1927 graduate of the University of Michigan, Newton Rosenzweig worked in his father’s downtown Phoenix jewelry store. Aft er serving in World War II as an army lieutenant in transportation and special services, Newt returned to booming post-war growth to expand his entrepreneurial and civic/cultural interests. He married Elizabeth J. Dabney, “Betty,” in 1956. Together, the Rosenzweigs helped launch, served on boards, and raised funds for more than 75 local organizations, including The Phoenix Symphony, Phoenix Art Museum, Valley of the Sun United Way, Foundation for Blind Children, American Jewish Committee, Arizona State University, and St. Luke’s, St. Joseph’s, and Phoenix Memorial Hospitals. In 2008, ACF staff interviewed Betty Rosenzweig for the Arizona Community Foundation’s 30th anniversary annual report. When asked about philanthropy, Betty said that only one word came to mind: “Newt.” She was speaking of her late husband, hailed as a civic giant and named Man of the Year by too many Valley organizations to list. Betty told us that it was Newt who worked with developer Del E. Webb to build what was known as the Rosenzweig Center, now Phoenix City Square. It was Newt who co-founded Phoenix’s Charter Government Committee in 1949. And it was Newt who, in 1978, convinced his brother Harry to join him in making a substantial joint gift to the Arizona Community Foundation. It was this act that established the fi rst recorded fund at ACF, and helped solidify the Foundation’s future. Newt never stopped giving, establishing a second fund at ACF in 1980, which Betty continued to advise aft er his passing. “When I married him, I was not used to being so philanthropic,” Betty said with emphasis. “But Newt felt Phoenix had given him a good life and his goal was not to get more, more, more. He didn’t have those urges.” Instead, she said, he wanted to give back to the community where he spent all 96 years of his life. Although the couple loved to travel, Arizona remained their heart and home, and Newt believed they had a responsibility to contribute to its welfare and growth. Generous Arizonans “He thought Phoenix should have a fund like other places, and that’s why he helped Newton and Betty start the Foundation,” she said. “Arizona was special to him. So was the Arizona Rosenzweig helped launch, Community Foundation. And you have to look aft er the