2008 annual report

Bringing the pieces together Chairman and President’s Welcome 1 All the Right Pieces 2 The Big Picture: Our 10-year Growth 3 BringingTable the of Pieces Contents Together… Education 4 Scholarships 5 Health and Wellness 6 Human Services 7 Disaster Relief 8 Environment 9 Arts and Culture 10 Legacy 11 Our mission is to Community Grants 12-16 Giving Through OCCF 17-18 encourage, support, and Staff 19 facilitate philanthropy Our Partners in Philanthropy 20-21 in Orange County. Excellence in Philanthropy Awards 22

Financial Section Independent Auditors’ Report 23 Statement of Financial Position 24 Statement of Activities and Changes in Net Assets 25 Statements of Cash Flows 26 Notes to Financial Statements 27-30 Investment Oversight 31 Donors 32-34 Funds 35-38 Board Governance 39 Board of Governors 40 ORANGE COUNTY COMMUNITY FOUNDATION • 1

Over the past year, the Orange County Community The challenges we faced together over the last year Foundation has seen an extraordinary commitment to have encouraged us to reach higher, further and deeper philanthropy during times of tremendous challenge in into our community. Expanding our support in areas Chairmanour community. Whether & President’s in response to the wildfires, Welcome of strategic focus will be front and center in the year mudslides, mortgage crisis or severe financial hardships, ahead. We will continue serving all of Orange County the people of Orange County have come together to and its diverse communities. We will work to strengthen support one another in ways large and small. The pages the capacity of the local nonprofit sector. And we look of this Annual Report tell the stories of a community forward to further building a permanent source of defined by personal determination, strength of character, funding for critical needs in our community. and a strategic approach to philanthropy that reflects We are proud to play our part in bringing the pieces the creativity and entrepreneurial spirit that represents together to meet the needs of our community, both the best of Orange County. today and for generations to come. While the past year The generosity of the people of Orange County was filled with challenges for many, it is the generosity contributed to the Community Foundation’s most of the people of Orange County that we remember most successful year ever. For the year ended June 30, and that we celebrate in this 2008 Annual Report. 2008, OCCF’s total assets grew 7 percent to more than $123.2 million, and we received a record-setting $36.2 million in contributions, up 12 percent over the previous year. Even more importantly, in partnership with our Paul F. Marx Shelley W. Hoss donors, we awarded grants totaling $20.3 million to Chairman of the Board President charitable organizations meeting a wide spectrum of community needs.

In addition to providing funding, we have worked to increase the capacity and bolster the impact of local nonprofit organizations with training, technical assistance, and additional resources. These investments have helped local nonprofits build their endowments, establish productive and thoughtful boards, and strengthen relationships with their donors. 2 • ORANGE COUNTY COMMUNITY FOUNDATION

We help donors see the big picture. Our experienced donor relations and gift planning professionals…All the Right Pieces in all the Right Places • Help donors develop strategic giving plans for their lifetime and their legacy. We• WorkServe to match Donors donor interests to local needs to maximize community impact and donor satisfaction. OCCF provides critical funding for local adult day • Facilitate family philanthropy and help donors care providers. involve their children or grandchildren in charitable giving. • Work with each donor to understand personal, financial and philanthropic goals. We connect those who care with those working to make a difference. We work with donors and nonprofit leaders to make Orange County a better place to live, learn and thrive by… • Educating the next generation of community We philanthropistsServe Our on the Community vital role they can play in our county’s future. • Raising visibility and initiating responses to local unmet needs or community issues, such as recent efforts in the areas of art, science and children’s health. • Collaborating with other funders via the Orange The inaugural Next Generation Philanthropy Class of 2008. County Funders Roundtable to strengthen the capacity of the local nonprofit sector. • Bringing together donors and other foundations to address critical needs, such as coordinated We help nonprofits piece together support for the local aging population. plans for success. As part of our mission to encourage, support and facilitate philanthropy in Orange County, we provide… We• CriticalServe financial Nonprofits support via grants totaling $123.2 million since our inception. • Training and technical assistance to local nonprofits on a wide range of topics, including donor stewardship, development, fraud prevention and charitable tax planning. • Programs to help nonprofits build planned giving and endowment programs, including Working with community partners to address local needs. Legacy Partners, which has helped participating nonprofits identify $80 million in estate gifts. ORANGE COUNTY COMMUNITY FOUNDATION • 3

The Orange County Community Foundation’s work can be seen in every corner of our county. Our relationships span generations and geographic, ethnic and socioeconomic lines. Here we share the remarkable growth OCCFThe Big has Picture:experienced Our over 10-year the past Growth decade, which will provide an enduring source of support for our community for generations to come.

(in millions) (in millions)

Average annual Average annual $36.2 growth of 16% growth of 14.4% $123.2 per year. per year. Assets Contributions

$43.6 $12.4 $32.0 $8.2

1998 2003 2008 1998 2003 2008

(in millions) (in millions)

Totaling $20.3M Average annual $20.3 growth of 21.9% Human Services

per year. $6.2 Religion, Spiritual Grants 2008 Grants Development $1.2 Health and $8.8 Scholarships Wellness $2.4 $0.8 $1.6 Arts and Culture $2.8 $2.6 $1.5 Community Improvement and Development Environment $4.0 1998 2003 2008 Education “Priscilla and I are so proud of our AVID scholars and are very gratified to hear the stories of their college experiences and success. Thanks to OCCF for helping manage the process and for introducing other donors to AVID in Orange County.”

— Ranney Draper

AVID (Advancement Via Individual Determination) aims to transform B, C, and even D students into college-bound academic achievers. As Apart local of an in-school entrepreneur curriculum for seventh makes through twelfth college grades, AVID targets students with the desire to go to college and the willingness to workdreams hard. Often a they reality are the first for in their local families students to attend college.

Orange County Community Foundation donor Ranney Draper expressed the desire to support an organization working to help students from low-income and minority families succeed. With the help of OCCF, and in partnership with the Orange County Department of Education, Ranney established a scholarship fund to support AVID graduates from local high schools. In collaboration with donors like Ranney, the Community Foundation granted nearly $125,000 in 2008 to help AVID students face their challenges successfully and emerge from high school as college-bound freshmen. ORANGE COUNTY COMMUNITY FOUNDATION • 5

Joshua Hall moved with his grandparents to Huntington Beach when he was 12. As a junior at Huntington Beach High ASchool, vibrant the driving young force in Joshua’s life lifeinspires was earning a spot on othershis school’s renownedto make National waves Championship surf team. On the morning of September 4, 1997, Joshua eagerly headed to surf class. A sure candidate for the team, he couldn’t be happier. That evening, while shooting the Huntington Beach pier, Josh suffered a surfing accident that cost him his life.

Shortly after this heartbreaking tragedy, Don and Phyllis Hall, Joshua’s grandparents, came to the Orange County Community Foundation with the desire to set up a scholarship to honor Joshua’s young life. The Joshua Dean Hall Memorial Scholarship Fund provides scholarships for students on the Huntington Beach High School surf team pursuing college studies, thus allowing other students to fulfill their dreams in a way that Josh was never able to.

“Thank you for the financial support during my college years. I know how stoked and excited Josh was about surfing and life. I feel like I am carrying on Josh’s spirit and love for surfing.”

— Scholarship recipient Parker McMullin 6 • ORANGE COUNTY COMMUNITY FOUNDATION

“The $100,000 grant from OCCF has allowed us to directly impact the lives of With 35 percent of Orange County youth — nearly 190,000 thousands of children in children — overweight or at risk of becoming overweight*, Orange County today and theA $100,000need for physical education grant and grows health solutions to for for years to come.” local youths is clear. To address this critical need, Dr.$3 Michael million Weiss, boardin community president of the American impact Academy of Pediatrics, created PE4ME to provide students in grades

— Dr. Michael Weiss 7-12 with healthy lessons for lifetime fitness and nutrition. Medical Director, PE4ME In June 2007, the Orange County Community Foundation awarded PE4ME a $100,000 grant — the largest discretionary health-related grant in the foundation’s history. With this infusion of support, the program was able to add staff and expand its ability to seek larger grants. Subsequently, having partnered with St. Joseph’s Health System, PE4ME received a $3 million grant for further expansion to more than 100 additional school sites in the next three years.

*Orange County Health Needs Assessment report, 2005. ORANGE COUNTY COMMUNITY FOUNDATION • 7

Angel Hansen was born on June 27, 2001 against all odds. Her parents,An angel Doug and delivers Jennifer Hansen, a specialjoyfully welcomed their playgrounddaughter into their lives, for despite the doctor’s children warnings thatof she would not survive beyond infancy. Channeling their love for their daughter, theOrange Hansens formed County Angels Charity to increase awareness and enhance the lives of children with special needs. Their goal was to create a safe recreational environment where their daughter could play and interact with other children — including little brother D.J. — regardless of physical ability. With the help of OCCF and their many friends and supporters, Angels Charity opened one of Orange County’s first barrier-free playgrounds in Costa Mesa on June 27, 2008, a fitting tribute to Angel on her seventh birthday. With the opening of Angels Playground, what was once just a dream for the Hansen family became a reality that benefits us all.

“The greatest gift to Angels Charity was having the support of the Orange County Community Foundation.”

— Doug Hansen 8 • ORANGE COUNTY COMMUNITY FOUNDATION

Hot weather, Santa Ana winds, and a human hand ignited the Santiago Fire near the corner of Santiago Canyon and Silverado ACanyon community Roads on October responds21, 2007. The fast-moving when blaze burned towards homes in Irvine and Tustin, consuming 15,000 acreswildfire in 16 hours. strikesIt threatened homes in Foothill Ranch and Portola Hills before changing winds pushed it into Modjeska Canyon and Silverado Canyon, where 1,900 rural homes were evacuated. Despite heroic measures by firefighters, 15 homes were lost. By the time the fire was contained on November 11, more than 28,400 acres were scorched.

It would take 1,941 firefighters, hundreds of emergency professionals, and numerous volunteers to save 2,000 homes and provide comfort, food and shelter to thousands of $50,000 was granted to affected residents. local organizations to Local nonprofits depleted emergency supplies and reserves support environmental during this critical time. In response, the Orange County Board post-burn stabilization of Supervisors established a $100,000 Disaster Relief Fund and recovery and to at the Orange County Community Foundation to ensure that replenish emergency funding would be available for current and future local disasters. relief materials. ORANGE COUNTY COMMUNITY FOUNDATION • 9

When wildfires destroyed wilderness in the Santa Ana Mountains belonging to a local environmental education Naturalprogram, its staff devastation rallied to use the devastation becomes as a learning “OCCF has helped us opportunity. Working through local schools, Inside the bring hands-on activities Outdoorsan opportunity conducted fire ecology for walkseducation at its Rancho that incorporate literacy, Soñado headquarters in Silverado Canyon to demonstrate community involvement, to Orange County students the vital role that wildfire plays and environmental educa- in Southern California’s ecosystems. With assistance from tion to thousands of the Orange County Community Foundation and a grant local children.” from the Disaster Relief Fund — established at OCCF by the County of Orange in 2007 — Inside the Outdoors was able to stabilize nature trails damaged by the fires, ensuring — Susan Brown, President Inside the Outdoors Foundation continued community access to environmental education. 10 • ORANGE COUNTY COMMUNITY FOUNDATION

A longtime supporter of arts and education, Barbara Steele Williams was a major force in rallying support for the Laguna Art Museum and served as its president for three years in the 1970s. In December 1995, the Steele family established aAn $1 million artful memorial approach endowment at theto Orange philanthropy County Community Foundation to honor Barbara’s efforts as one of Orange County’s most dedicated arts philanthropists.

Today OCCF continues to honor Barbara Steele Williams’ legacy by awarding annual grants to four local arts organizations: Laguna Art Museum, Laguna Playhouse, Laguna College of Art & Design, and the Orange County Performing Arts Center. Because this fund will forever support the arts organizations closest to her heart, the legacy of Barbara Steele Williams will span beyond her lifetime and ensure the accessibility of local arts for generations to come.

Since 1997, the Barbara Steele Williams Fund has granted $789,000 to support local arts organizations. Through OCCF’s prudent and effective stewardship, more than $1.2 million remains to support local arts organizations in perpetuity. ORANGE COUNTY COMMUNITY FOUNDATION • 11

A Bila Fund grant to UCI Medical Center provided phototherapy blankets for babies born with jaundice, enabling mothers to hold them after delivery rather than placing them in incubators.

For 20 years, Frank and Ruth Bila owned and operated the Kettle Restaurant on Lincoln Boulevard in Anaheim. They were involved Ain many couple’s local community wish organizations to support including Anaheim patients Memorial Hospital and the Assistance League of Anaheim. Throughand students their estate plan, livesan endowed on fund forever was established upon their passing at the Orange County Community Foundation to support the causes they cared about most. The Frank and Ruth Bila Charitable Fund, initiated in 1985 with $251,000, aims to support local hospitals, educational institutions and students pursuing a career in the restaurant/hotel management field. With $107,000 granted to date and a current fund value of $294,000, OCCF will forever carry on the legacy of Frank and Ruth Bila beyond their many years of lifetime philanthropy. 12 • ORANGE COUNTY COMMUNITY FOUNDATION

Together with our donor advisors, the Orange County OCCF’s Protecting Children’s Health grant program Community Foundation granted $20.3 million during the provided $125,000 in funding to the following agencies 2008 fiscal year. Through this partnership, more than that provide exemplary programs to promote physical 425 charities in Orange County received funds to help and mental health for local youth. Collectively these Communityprovide essential services Grants: to meet local Caring needs. for Localprograms Needsprovide obesity prevention or mental health services through the provision of innovative and As a part of this granting, the Community Foundation comprehensive evidence-based programs: distributed nearly $1.5 million through 20 community grant programs under the discretion of OCCF’s Board Child Guidance Center of Governors, including the Orange County Endowment DisneyGoals Save Our Youth fund, field-of-interest endowment funds, donor legacy funds, and other grant-making initiatives conducted in Human Services: Season of Caring partnership with donor advisors and other local funders. Here in Orange County — one of the nation’s most The Orange County Endowment affluent communities — more than 456,000 residents are at risk of going hungry sometime every month, The Orange County Endowment is a permanent fund of and there are between 27,732 and 35,065 incidents the Community Foundation which was made possible of homelessness each year. Season of Caring, a by generous gifts from The James Irvine Foundation, partnership between OCCF, Register Charities and The Harry and Grace Steele Foundation, Richard and generous contributors from throughout our community, Elizabeth Steele, and Peter and Ginny Ueberroth, among granted $740,000 to the following agencies providing others. Earnings from the fund support OCCF’s annual food, shelter, emergency relief, and family assistance to giving in the areas of health, human services, education, Orange County’s neediest children and families: environment, and the arts. The following grant programs respond to critical community needs identified and Alzheimer’s Family Services Center approved by OCCF’s Board of Governors. Boys & Girls Club of Santa Ana Boys & Girls Clubs of La Habra Community SeniorServ Health: Protecting Children’s Health Court Appointed Special Advocates of Orange County Childhood obesity remains a significant health concern Family Assistance Ministries throughout the United States. Reports indicate more Helping Other People Everyday (H.O.P.E.) than 20 percent of Orange County youth are overweight, Laurel House Lestonnac Free Clinic and that only about 33 percent of fifth, seventh, and Meals on Wheels Buena Park ninth graders meet all six of the state’s physical fitness Meals on Wheels Fullerton standards. Equally important as physical health is mental Orange County Rescue Mission health. Still, many children in Orange County suffer from Orange Elderly Services various mental illness and mental health challenges Project Dignity Project HOPE School Foundation including depression, drug and alcohol addiction, Second Harvest Food Bank Orange County anxiety and personality disorders. Someone Cares Soup Kitchen South County Outreach The Salvation Army Orange County WISEPlace

Human Services: Services for Older Adults In Orange County, the number of older adults is forecast to double in the next 12 years, reaching over half a million by 2020. This trend will increase demands on health, transportation and support services for this population.

Taller San Jose ORANGE COUNTY COMMUNITY FOUNDATION • 13

One of the most critical issues affecting frail older adults and their families is the need for affordable adult day health care services, which are an alternative to more costly assisted living and skilled nursing facilities. A grant of $25,000 was made for interlockCare, a collaboration of nonprofit agencies that share the goal of increasing service capacity, access, and quality of care for chronically ill and disabled older adults through Anaheim Ballet coordinated community awareness, collaboration and education efforts.

Education: Building Educational Success Arts and Culture: Orange County Arts Initiative This grant program is designed to support organizations A strong cultural sector is vital for economic growth, meeting a need or filling a gap in our current education positive educational achievement, and fostering system. OCCF seeks to support programs delivering connections within our increasingly diverse community. valuable tools and resources to Orange County students The Orange County Arts Initiative is a joint project and teachers. A total of $40,000 was granted to the between the Orange County Community Foundation following programs that are enriching the minds and and Arts Orange County to support the growth and futures of our youth: stability of the nonprofit arts and culture sector in Orange County. One goal of this initiative is to assist Orange County Department of Education/ Advancement Via Individual Determination Orange County arts and cultural organizations in gaining KOCE/Classroom Television Program long-term sustainability through capacity building grants and technical assistance. With funding from The James Environment: Partnership for Public Understanding Irvine Foundation and the Orange County Endowment, This grant program aims to create environmental $80,000 was granted to the following agencies: stewards who will care for and support Orange County’s Anaheim Ballet unique natural resources. Funding was made possible Arts Orange County through a partnership with Southern California Edison, Backhaus Dance a local private foundation, and OCCF’s Orange County Casa Romantica Cultural Center Chance Theater Endowment. A total of $185,000 in grants was made to Ektaa Center 14 local agencies in support of environmental education Festival Ballet Theatre programs and the maintenance of local open spaces Huntington Beach Art Center and trail systems: Laguna Art Museum Men Alive Bolsa Chica Land Trust Orange County Women’s Chorus Boys & Girls Club of Tustin South Coast Symphony California State University, Fullerton/Tucker Wildlife Sanctuary Environmental Nature Center Special Community Projects Friends of Harbors, Beaches and Parks In an effort to meet the diverse needs of our county, Inside the Outdoors Foundation the Orange County Community Foundation’s Board Newport Bay Naturalists and Friends of Governors allocates grants in support of important Newport Harbor Nautical Museum community projects that fall outside the parameters of Ocean Institute Pacific Marine Mammal Center our other grant programs. These grants are an example Sea & Sage Audubon Society of how OCCF continues to leverage, support, and Tides Center/Marine Education Project facilitate opportunities to strengthen our local nonprofit Trails 4 All Tustin Public Schools Foundation 14 • ORANGE COUNTY COMMUNITY FOUNDATION

sector, and our community as a whole. A total of Veterans Relief Fund: Helping Veterans and $91,000 was awarded to the following(Continued) organizations: Families of Soldiers Thousands of local service men and women and their Art and Creativity for Healing families are in need of support services as a result of Charitable Ventures of Orange County CommunityHealth Funders Partnership Grants of Orange County continued deployment of U.S. troops in the Middle East. Jumpstart/Read for the Record The Orange County Community Foundation responded Orange County Home Ownership to this need with grants to help provide housing and Preservation Collaboration assistance to those families most in need. A total of Orange County United Way $20,000 was made available to the following agencies: Volunteer Center of Greater Orange County UC Irvine: Juan Lara Scholarship Fund Habitat for Humanity of Orange County Operation Homefront - California Field-of-Interest Endowment Funds OCCF’s field-of-interest endowment funds provide a Legacy Funds permanent source of funding for specific community A legacy fund at the Orange County Community needs. These funds are established in partnership with a Foundation ensures that a donor’s philanthropic spirit wide range of contributors, including individual donors, lives on through the support of his or her favorite private foundations, corporate foundations, and other organizations or causes. OCCF provides ongoing local funders. The Community Foundation provides stewardship of permanent legacy funds, ensuring ongoing administration and stewardship of these funds that the donor’s intentions are honored and fulfilled in to fulfill their purpose in perpetuity. perpetuity.

Health and Wellness Fund Frank & Ruth Bila Charitable Fund The Health and Wellness Fund at the Orange County Frank and Ruth Bila owned and operated the Kettle Community Foundation was established in 2006 by Restaurant in Anaheim and were influential in many Ginny and Peter Ueberroth. It aims to provide funding community organizations. Their legacy fund has for innovative programs in the community that support, provided financial support to local nonprofit hospitals promote and create healthy environments. Grants and universities in support of their mission to benefit the totaling $23,000 were made in support of the following community. In fiscal 2008, $33,000 was granted to the agencies: following organizations: Oak View Renewal Partnership Azusa Pacific University - Orange County Campus Volunteer Center Orange County/Access OC Coastline Community College Foundation Saddleback Memorial Medical Center Foundation Recovery Fund: Substance Abuse Prevention and Treatment St. Joseph Hospital of Orange The Recovery Fund was established in 2006 as a St. Jude Memorial Foundation UCI Medical Center result of charitable funds recovered by the Attorney Vanguard University of Southern California General and awarded to the Orange County Community Foundation. Each year a portion of this fund is allocated Jane Deming Fund to substance abuse prevention and treatment programs Jane Deming was passionate about music. She was and veterans services within Orange County. Last an accomplished violinist who enjoyed performing year this fund generated $3,000 for substance abuse for Orange County audiences throughout her lifetime. treatment and prevention, which was awarded to the Granting from this fund reflects her belief in the power Boys & Girls Club of Tustin/California Youth Services for of classical and string instruments to inspire and enrich youth substance abuse prevention. the lives of young people, and pays tribute to her ORANGE COUNTY COMMUNITY FOUNDATION • 15

appreciation of the Mammoth Lakes community. This Margaret E. Oser Fund for Women year $59,000 was granted to the following organizations: To honor the intent of Margaret E. Oser and continue her legacy, the Orange County Community Foundation Casa Romantica Cultural Center Crittenton Services for Children & Families administers a grant program for organizations that help Fullerton Union High School Academy of the Arts women improve their health, education and social welfare. Fullerton College In fiscal 2008, this endowed fund provided $400,000 in KidSingers charitable dollars to the following organizations: Mammoth Lakes Friends of the Library Mammoth Lakes Foundation Art & Creativity for Healing Orange County High School of the Arts Foundation Clare Foundation Orange County Performing Arts Center Crossroads Southern Mono Healthcare District/Mammoth Hospital Dolores Huerta Foundation House of Ruth Robert J. and Doreen D. Marshall Fund for Dramatic Arts and Human Options Interval House Classical Music Jewish Family Service of Orange County Valuing the transformational power of classical Laguna Beach Community Clinic music and song, together Doreen and Bob Marshall Laura’s House were frequent patrons of local symphony and opera Lestonnac Free Medical Clinic performances. As the founding member and former Peace Over Violence Project Sister Family Services president of the Pacific Chorale, Bob was influential in Public Law Center bringing quality choral performance to our community. Sexual Assault Crisis Agency This endowed field-of-interest fund was established STOP-GAP just before Bob’s passing in 1993. Today, with Doreen’s Susan G. Komen Breast Cancer Foundation, Inc. continued leadership, the fund encourages Orange Orange County WISEPlace County youth and individual artists to pursue the Women at Work wonders of dramatic arts and classical music. This year Women’s and Children’s Crisis Shelter a total of $39,000 was granted to the following agencies: Women’s Shelter Program of San Luis Obispo County Boys & Girls Clubs of Huntington Valley Club House Theatre Chance Theater Shakespeare by the Sea South Coast Repertory

James Mock Jr. and Anna Mock Memorial Endowment Fund The James Mock Jr. and Anna Mock Memorial legacy fund was established at the request of Anna Mock, who had great compassion for the needs of women and children who were victims of or at risk of domestic violence. This year $29,000 was granted to Orange County shelters that provide emergency services to families seeking safety from domestic violence:

Human Options Interval House Laura’s House Women’s Transitional Living Center Art & Creativity for Healing 16 • ORANGE COUNTY COMMUNITY FOUNDATION

Specialized Grant Programs Orange County Disaster Relief Fund In fulfilling our mission, OCCF supports (Continued) and facilitates The October 2007 firestorms had a major impact on grant programs established by donors and funders Southern California. When Orange County was affected who have a specific philanthropic focus. These by the Santiago Fire, numerous individuals and charitable Communitycustomized grant programs Grants allow donors to realize their organizations stepped up to help. In response to both giving interests within the community in a unique and the fire damage and the reduction of emergency relief personalized format. resources, the Orange County Board of Supervisors provided funding to the Orange County Community Draper Family Foundation: Helping Kids Achieve Foundation to ensure that critical service gaps were filled. With the passion and commitment of Ranney and Grants totaling $50,000, made possible by the County Priscilla Draper, this initiative supports quality after- of Orange and additional contributions from OCCF school and in-school programs aimed at helping donors, were made available to nonprofits that provided disadvantaged youth reach their academic potential. A emergency relief services during the evacuation period total of $283,000 in grants was made to the following and that continue to prepare for future local disasters. organizations: 2-1-1 Orange County Boys & Girls Clubs of Huntington Valley Alzheimer’s Association, Orange County Chapter Boys & Girls Clubs of La Habra/Brea Inside the Outdoors Foundation Camp Fire USA – Orange County Council Inter-Canyon League El Viento Foundation Orange County Rescue Mission Friendly Center Girls Incorporated of Orange County FEDCO Teachers’ Grant Programs Orange County Asian & Pacific Islander Community Alliance In partnership with the California Community Foundation Orange County Community Housing Corporation and the FEDCO Charitable Foundation, the Orange Project Access County Community Foundation provides grants for Saint Joseph Ballet public school teachers serving low-income students Save Our Youth in Orange County. This year $44,000 was granted to THINK Together 44 local schools for field trips or classroom learning that brought “learning to life” and increased student academic achievement.

Social Enterprise Venture Fund The Social Enterprise Venture Fund was established in 2007 by Jack Shaw and Ellen Shockro to encourage the development of nonprofit entrepreneurial strategies to help agencies both fulfill their mission and increase financial sustainability. $61,000 was allocated to assist the following organizations with social enterprise projects: Healthy Smiles for Kids of Orange County Human Options Oak View Renewal Partnership

For a complete list of 2008 grant recipients, please visit our Web site at www.oc-cf.org.

Angels Playground in Costa Mesa ORANGE COUNTY COMMUNITY FOUNDATION • 17

Our generous donors are making Orange County a What to Give better place to live, learn and thrive. At the Orange We accept a wide range of gifts including: County Community Foundation, we make supporting • Cash local community interests easy, effective and enduring. • Publicly-traded securities GivingWe offer a full Through range of services the uniquely Orange designed to County• IRAs Community or life insurance Foundation enable donors to make an immediate impact today • Remainder of a Charitable Remainder Trust as well as for the future. Our donor services and gift • Remainder of a Charitable Gift Annuity planning team is responsive and capable of meeting • Lead gift of a Charitable Lead Trust your needs. • Real estate • Closely-held and pre-IPO stock There are many ways to become part of the Orange County Community Foundation family and make a lasting contribution to our community.

Why Give • Develop a giving approach that matches your financial goals and philanthropic interests. • Establish a donor-advised fund to earn an immediate tax deduction and spread your giving by making grants over time. • Invest in the causes you care about most and put our knowledge of community needs to work for you. • Leave a personal legacy that will benefit the community forever by establishing an endowment fund or contributing to one of OCCF’s endowment funds. • Teach your children or grandchildren the joy of philanthropy. • Make gifts in your name or anonymously. • Include a bequest or other planned gift in Margin Lew, Carol Lew, Amanda Lew, your estate plan to support a thriving, healthy Deena Lew and Dr. Mitchell Lew community for generations to come.

For more information, please contact Jeff Swanson, Vice President of Development and Gift Planning at (949) 553-4202 ext. 39 or [email protected].

Allison Bone, Vicki Booth and Ginny Ueberroth 18 • ORANGE COUNTY COMMUNITY FOUNDATION

How to give Field-of-Interest Fund The Orange County Community Foundation offers a Grants from this type of fund are directed to projects (Continued)wide variety of fund options tailored to each donor’s or programs within your defined areas of interest, such specific giving needs and preferences, providing you as the arts, health, education or any area you choose Givingthe opportunity Through to make the maximum the Orange strategic impact County to define. Community Foundation in your areas of charitable interest, and experience the greatest sense of reward and satisfaction in your giving. Designated Agency Fund Provides a source of funding for a specific nonprofit The Orange County Endowment organization or organizations of your choice. This fund is one of the most powerful ways to leave a permanent legacy in our community. The Board of Scholarship Fund Governors of the Community Foundation annually Supports the attainment of higher education for assesses local needs, and allocates the payout from this deserving youth using criteria you establish. fund to areas of greatest need as they change over time.

Donor-Advised Fund You and your family members serve as the advisors to your fund, making recommendations for grants to the charities you feel most passionately about, while OCCF takes care of the legal, financial and administrative logistics. To help achieve your philanthropic goals, we can assist you in identifying nonprofit organizations in your areas of interest and provide additional resources according to your needs.

Camp Fire Special Sitters

For more information, please contact Jeff Swanson, Vice President of Development and Gift Planning at (949) 553-4202 ext. 39 or [email protected].

Boy Scouts of Orange County ORANGE COUNTY COMMUNITY FOUNDATION • 19

When donors give to the community through the Orange County Community Foundation, their charitable dollars are invested wisely and granted to the nonprofits and causes they hold closest to their hearts. Below is the staff dedicatedStaff to producing the results that continue to earn the trust of donors and our greater community.

Pictured left to right: Diane Cleary, Claudia Montesano, Rachel Hansen, Natalie Bishop, Karen Francis, Dan Ball, Todd Hanson, Tracy Branson, Shelley Hoss, Cynthia Ragland, Patricia Benevenia, Anne Leinart, Joanne Udell, Jacquie Mayotte, Jessamyn Miller, Jeff Swanson, Roland Ho and Beth Henshaw.

Executive Development and Gift Planning Marketing and Communications Shelley Hoss, President Jeff Swanson, CSPG, Vice President of Cynthia Ragland, APR, Vice President Development and Gift Planning Anne Leinart, Administrative Assistant of Marketing and Communications Roland Ho, Gift Planning Associate Jessamyn Miller, Marketing and Communications Manager Finance and Administration Beth Henshaw, Development Associate Jacquie Mayotte, Marketing and CPA, Vice President of Tracy Branson, Communications Associate Finance and Administration Donor Relations and Programs Diane Cleary, Accounting Manager Todd Hanson, Vice President of Donor Relations and Programs Joanne Udell, Human Resources and Operations Manager Karen Francis, MSW, Senior Program Officer Dan Ball, Staff Accountant Natalie Bishop, Program Officer Patricia Benevenia, Executive Assistant Claudia Montesano, Scholarship and Program Associate Rachel Hansen, Program Assistant 20 • ORANGE COUNTY COMMUNITY FOUNDATION

Our partners in philanthropy help the Orange County Community Foundation fulfill its mission to encourage, suppport and facilitate philanthropy in OurOrange Partners County. in Philanthropy Friends of the Foundation Leatherby Family Foundation Jeffrey Roos Through the support of the following Anne MacPherson Keith and Judy Swayne donors, the Orange County Community Thomas and Marilyn Nielsen Peter and Ginny Ueberroth Foundation has been able to further its Samueli Foundation Wealth Management Network efforts to strengthen and support local Al and Mary Anne Schoellerman nonprofit organizations. John and Elizabeth Stahr Table Hosts Elizabeth Steele Habitat for Humanity of Orange County Garth and Marian Bergeson Ernie and Socorro Vasquez Robert and Louise Cryer Sage Hill School William and Cheryl Hart Jackson Sports Management For Good, For Ever Legal Guidance James and Katie Loss Corporate Partners OCCF would like to acknowledge Rutan Michael and Lorraine Nadler The following corporations and their & Tucker for their pro bono legal guidance Dixie Shaw respected leaders have graciously and continued support in forwarding the Laura Tarbox committed to the development of a mission and goals of the Orange County Scott and Cheryl Tempel transition fund that will support our Community Foundation. Bill and Joan Torres community outreach activities until the Louise Upham “For Good, For Ever” endowment is fully Ambassadors funded. Their impact on our community Jon and Susan Wampler Comprised of Board members, Advisory will forever be evident. Tod and Linda White Board members, donors, and community Disneyland Resort leaders, the Ambassador group’s mission For Good, For Ever Endowment Edwards Lifesciences is to help share the value and benefit of The Community Foundation is profoundly The First American Corporation the Community Foundation with their touched by the kindness of the following Paul F. Folino (Executive Chairman) friends and associates. The following donors, whose support of OCCF’s “For Emulex Corporation individuals have given many hours of their Good, For Ever” endowment fund over The Orange County Register time to support and further the mission of the past year will ensure that our legacy Rick Muth Family—ORCO Block Co. the Community Foundation, and OCCF is of good in Orange County will endure for Raj Manufacturing Inc. indebted to them for their dedication and generations to come. SARES•REGIS Group passion for philanthropy. Standard Pacific Homes Anonymous Marcia Adler K.P. “Bala” Balkrishna Dick and Mary Allen John and Linda Benner 2007 Annual Meeting Sponsors Chris Anderson Jeffrey and Bonnie Dankberg Thank you to the following sponsors K.P. “Bala” Balkrishna Robert and Betty Grant whose long-standing support and Ken and Cher Beall Donald and Dorothy Kennedy understanding of the Community Stanley and Jessica Behrens Foundation’s mission are truly John and Linda Benner appreciated: Marian Bergeson Hyla Bertea Catalyst Sponsors Bill and Vicki Booth Ranney and Priscilla Draper Michael Bush Elizabeth Steele Charles Caldwell Bob Campbell Leverage Sponsors Victoria Collins Beacon Pointe Advisors Bill Cvengros Deloitte Jeffrey Dankberg Disney Worldwide Services Mike Danzi Greenberg|Graham Advisors Jerry and Carol Denham Dr. Mitchell and Deena Lew Ben and Carmela Du Lizette Du Pribus Shannon Eusey Dick and Mary Allen ORANGE COUNTY COMMUNITY FOUNDATION • 21

Rich Gadbois Beverly Brennan Oliver Lopez Robert Grant Leo Brennan Anne MacPherson-West Bob Greenberg Ann Browning Garbriela Marin Jim and Carol Hamilton Rita Burns Mario Marin, Jr Lee Hancock Victoria Cafasso Laura Martinez Paul Heeschen Ana Castanon Helen McMillin Julie Hill Lilian Chacon-Lopez Julissa Mendoza Andy and Pam Horowitz Kimberly Claman Ricardo Mendoza Tim Hussman Joanna Clinton Mark Mitchell Bob Ihrke Frances Contreras Leonor Monreal Timothy Kay Esther Cramer Danny Monson Hunter and Elaine Keck Sam Dawson Blanca Morales Rick Keller Charlotte De Vaul Laura Morfin Don Kennedy Gloria De La Torre-Wycoff Gail Myers Joann Leatherby Victor Delgado Viola Myre Mitchell and Deena Lew Tony Diaz Sahara Navarro Jim Loss Conrad Diaz James O’Neil Spady Paul Marx Laurie Lyon Diaz Rachel Ornalez Suzy Melin Lynda Eisenmann John Palacio Tom Nielsen Paul Evans Cathy Paredes Bill Podlich Scottia Evans Vanessa Price David and Ruth Seigle Cynthia Freeman Gloria Ramos Jack Shaw and Ellen Shockro Lola Gallardo Francis Rios Kelly Smith Pam Gallegos Antonia Rivera John and Elizabeth Stahr Adelina Garcia Edson Rodriguez Ginny Ueberroth Juan Garcia Herminia Rodriguez Mark Van Ness Nora Garcia Ricardo Rodriguez Socorro Vasquez Zayda Garcia Victor Rojas Carol Wilken Karen German Luisa Ruiz Kenneth Gomez Doris Sadoski Volunteers Gustavo Gonzalez Michael Salazar With grateful appreciation, we thank Elizabeth Guerrero Margaret Salisbury the following dedicated volunteers Sandy Guerrero Rudy Santacruz who contribute their time and wisdom Lupe Gutierrez Sharon Saxton in recommending local awardees Donald Hall Ruth Siegle for grants and scholarships from Jordan Hall Carol Stansbury Community Foundation funds. Pam Harrell Chris Stansbury Cherie Hart Lisa Thomas Tom Acosta Vicki Hecht Eleanor Tiner Steve Acterman Linda Herman Sean Tiner Steve Adamson Norma Hernandez Norma Trujillo Yvette Aguilar Yvonne Herrell Dr. Esiquio Uballe Cecilia Aguinaga Karen Hinks Louise Upham Valerie Amezcua Alex Hinojosa Anita Varela Betty Andrews Thomas Holguin Karina Veras America Arias Susan Howe Lynette Verino Everardo Arias Betsy Jenkins Soledad Vidal Margaret Armendariz Krista Klein Elissa Viglietta Marisol Arredondo Christine Lammers Linda Warden Frank Arroyo Joanne Lara Andree Weger Fred Astran Dr. Juan Lara Monica Wiese Escobar Barbara Auxier Maria Leguizamon Ida Wilson Adriana Badillo Lolita Lizarraga Val Wilson Lidia Beltran Mary Ellen Lohnes Curtis Wilson Tracy Bennett Eva Lombardo Mario Zapata Armida Brashears Adela Lopez Carole Zavala

22 • ORANGE COUNTY COMMUNITY FOUNDATION

The Orange County Community Foundation’s Excellence in Philanthropy Awards honor the work of those who have played a vital role in transforming lives in our community today and for generations to come. This Hall of Fame is a Excellencetribute to the inindividuals, Philanthropy families Awardsand organizations Hall of that Fame we have recognized as award recipients at our Annual Meeting.

The Muckenthaler Family William and Joan Cvengros Sister Eileen McNerney North County Impact Award South County Impact Award Legacy of a Lifetime Award

2008

Randall Bone The PIMCO Foundation Dr. Edward and Helen Shanbrom Initiative Award Impact Award Legacy Award

2007

Bill and Vicki Booth Paul and Scottia Evans Captain Dan McCoy Legacy of My Family Award Legacy of My Lifetime Award Legacy for My Community Award

2006

Ranney and Priscilla Draper Dr. Juan Lara Fred and Jeanne Golding Wisdom in Giving Award Building the Future Award Heart of Philanthropy Award 2005

Bob Campbell Jack Shaw and Ellen Shockro Betty Steele Savvy Donor Award Catalyst Award Legacy Award 2004 Financials Separater Page ORANGE COUNTY COMMUNITY FOUNDATION • 23

Board of Governors Orange County Community Foundation

We have audited the accompanying statement of financial position of the Orange County Community Foundation Independentas of June 30, 2008, and Auditors’the related statements Report of activities and changes in net assets, and cash flows for the year then ended. These financial statements are the responsibility of the Orange County Community Foundation’s management. Our responsibility is to express an opinion on these financial statements based on our audit. The prior year summarized comparative information has been derived from the Orange County Community Foundation’s June 30, 2007 financial statements and, in our report dated October 2, 2007, we expressed an unqualified opinion on those financial statements.

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Orange County Community Foundation’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Orange County Community Foundation at June 30, 2008, and the changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

San Diego, California October 1, 2008 24 • ORANGE COUNTY COMMUNITY FOUNDATION

June 30, 2008 (With Summarized Financial Information for June 30, 2007)

June 30, 2008 June 30, 2007 Temporarily Permanently Unrestricted Restricted Restricted Total Total ASSETSStatement of Financial Position Cash and cash equivalents (Note 2) $21,899,000 $ – $ 3,500,000 $ 25,399,000 $ 38,454,000 Investments (Notes 2 and 3) 61,327,000 173,000 31,210,000 92,710,000 76,032,000 Contributions receivable (Note 4) 191,000 255,000 3,660,000 4,106,000 150,000 Office equipment, net of accumulated depreciation of $58,000 and $62,000 in 2008 and 2007, respectively 149,000 – – 149,000 26,000 Other assets 834,000 – – 834,000 754,000 TOTAL ASSETS $84,400,000 $428,000 $38,370,000 $123,198,000 $115,416,000

LIABILITIES AND NET ASSETS Liabilities: Grants payable $ 2,735,000 $ – $ – $ 2,735,000 $ 2,482,000 Pledges payable (Note 5) 4,353,000 – – 4,353,000 4,630,000 Accounts payable and accrued liabilities 500,000 – – 500,000 327,000 Due to other agencies 835,000 – – 835,000 834,000 Total liabilities 8,423,000 – – 8,423,000 8,273,000

Commitments (Note 8)

Net assets: Unrestricted 75,977,000 – – 75,977,000 76,174,000 Temporarily restricted – 428,000 – 428,000 223,000 Permanently restricted (Note 6) – – 38,370,000 38,370,000 30,746,000 Total net assets 75,977,000 428,000 38,370,000 114,775,000 107,143,000 TOTAL LIABILITIES AND NET ASSETS $84,400,000 $428,000 $38,370,000 $123,198,000 $115,416,000

See accompanying notes to financial statements. ORANGE COUNTY COMMUNITY FOUNDATION • 25

Year Ended June 30, 2008 (With Summarized Financial Information for the Year Ended June 30, 2007)

2008 2007 Temporarily Permanently Unrestricted Restricted Restricted Total Total REVENUEStatement AND SUPPORT of Activities and Changes in Net Assets Contributions $28,337,000 $219,000 $ 7,629,000 $ 36,185,000 $ 32,252,000 Investment income (Note 3) (5,203,000) 36,000 – (5,167,000) 12,908,000 Total revenue and support prior to net assets released from restrictions 23,134,000 255,000 7,629,000 31,018,000 45,160,000 Net assets released from restrictions 55,000 (50,000) (5,000) – – TOTAL REVENUE AND SUPPORT 23,189,000 205,000 7,624,000 31,018,000 45,160,000

EXPENSES Program services: Grants and scholarships 20,300,000 – – 20,300,000 20,419,000 Special projects 564,000 – – 564,000 835,000 Other program expenses 974,000 – – 974,000 1,240,000 Total program services 21,838,000 – – 21,838,000 22,494,000 Supporting services: General and administrative 806,000 806,000 677,000 Fundraising 742,000 – – 742,000 554,000 Total supporting services 1,548,000 – – 1,548,000 1,231,000 TOTAL EXPENSES 23,386,000 – – 23,386,000 23,725,000

CHANGE IN NET ASSETS (197,000) 205,000 7,624,000 7,632,000 21,435,000

NET ASSETS Beginning of year 76,174,000 223,000 30,746,000 107,143,000 85,708,000 End of year $75,977,000 $428,000 $38,370,000 $114,775,000 $107,143,000

See accompanying notes to financial statements. 26 • ORANGE COUNTY COMMUNITY FOUNDATION

Year Ended June 30, 2008 (With Comparative Amounts for the Year Ended June 30, 2007) 2008 2007 Operating activities Change in net assets $ 7,632,000 $ 21,435,000 AdjustmentsStatement to reconcile of changeCash in net Flows assets to net cash used in operating activities: Depreciation 11,000 10,000 Net realized and unrealized (gains)/losses on investments 8,304,000 (9,134,000) Non-cash contributions of stock and property (10,115,000) (16,521,000) Contributions restricted for long term investment (7,624,000) (1,020,000) Changes in operating assets and liabilities: (Increase) decrease in contributions receivable (3,956,000) 350,000 Increase in other assets (80,000) (189,000) Increase in grants payable 253,000 – Increase (decrease) in pledges payable (277,000) 2,095,000 Increase in accounts payable and accrued liabilities 173,000 251,000 Increase in due to other agencies 1,000 246,000 Net cash used in operating activities (5,678,000) (2,477,000)

Investing activities Purchases of investments (46,847,000) (31,708,000) Proceeds from sales of investments 31,980,000 51,605,000 Purchases of office equipment (134,000) (19,000) Net cash provided by (used in) investing activities (15,001,000) 19,878,000

Financing activities Contributions restricted for long term investment 7,624,000 1,020,000

Increase (Decrease) in Cash and Cash Equivalents (13,055,000) 18,421,000 Cash and cash equivalents Beginning of year 38,454,000 20,033,000 End of year $ 25,399,000 $ 38,454,000

Supplemental Disclosure of Cash Flow Information Taxes Paid $ – $ 28,000

See accompanying notes to financial statements. ORANGE COUNTY COMMUNITY FOUNDATION • 27

June 30, 2008

Note 1 – Nature of Organization and Contributions are reported as increases in unrestricted Significant Accounting Policies net assets, unless use of the related assets is limited by Nature of Organization donor-imposed restrictions. Expenses are reported as de- NotesOrange County to Community Financial Foundation Statements (the Foundation) creases in unrestricted net assets. Investment gains and is a tax-exempt not-for-profit organization established to losses are reported as increases or decreases in unre- administer donations received and distribute grants to stricted net assets unless their use is restricted by explicit meet the needs of the Orange County community. The donor-imposed restrictions or by law. Foundation was incorporated in the State of California in Expirations of temporary restrictions on net assets September 1989. (i.e., the stipulated time period has elapsed) are The Foundation established the OCCF Supporting Orga- reported as reclassifications between the applicable nization which is under the Foundation’s effective control classes of net assets. and is consolidated for financial statement purposes. The OCCF Supporting Organization had no activity during the Cash Equivalents year ended June 30, 2008. The Foundation considers all highly liquid instruments purchased with an original maturity of three months or Basis of Presentation less to be cash equivalents. The accompanying financial statements have been pre- pared using the accrual basis of accounting. Investments Investments in marketable securities are stated at fair Contributions including unconditional promises to give are value based on quoted market prices. Investments in recognized as revenue in the period received. Net assets real estate are carried at the estimated net realizable and revenues, gains and losses, are classified based on value. Investments in real estate partnerships, which are the existence or absence of donor-imposed restrictions. not readily marketable, are carried at their estimated fair Accordingly, the net assets of the Foundation are classi- values as valued by the general partner of the partner- fied and reported as follows: ship based on factors deemed relevant by the general partners including, but not limited to, market conditions, Unrestricted net assets — Net assets that are purchase price, estimated liquidation value, restrictions not subject to donor-imposed time restrictions or on transfer and third party transactions in the private restrictions as to use. These assets are available to market. Alternative investments, which are not readily support community activities and operations at the marketable, are carried at their estimated fair values as discretion of the Board of Governors of provided by the investment managers. Those estimated the Foundation. fair values may differ from the values that would have Temporarily restricted net assets — Net assets been used had a ready market for these securities ex- subject to donor-imposed time restrictions. Tempo- isted. The fair values are reported by the Foundation in rarily restricted contributions received and spent in good faith. Realized and unrealized gains and losses are the same year have been recorded as unrestricted reflected in the accompanying Statement of Activities revenue. and Changes in Net Assets. Permanently restricted net assets— Net assets subject to donor-imposed restrictions that the cor- pus be maintained as a permanent endowment. 28 • ORANGE COUNTY COMMUNITY FOUNDATION

Note 1 – Nature of Organization and Major Contributions Significant Accounting Policies (Continued) (Continued)For the fiscal year ended June 30, 2008, 34% of contri- butions were received from three donors. Income Taxes The Foundation is exempt from income taxes under Sec- Notes to Financial Statements Functional Expense Allocations tion 501(c)(3) of the Internal Revenue Code and Section Expenses which apply to more than one functional cat- 23701(d) of the California Code. The Foundation is sub- egory have been allocated between program, general and ject to unrelated business income tax from certain types administrative, and fundraising based on the time spent of investments. There was no unrelated business income on these functions by specific employees as estimated tax expense for the year ended June 30, 2008. Unrelated by senior management. The remaining costs are charged business income tax expense for the fiscal year ending directly to the appropriate functional category. June 30, 2007 was $28,000. Use of Estimates Contributions Receivable The preparation of the financial statements in confor- Contributions receivable consist of unconditional prom- mity with accounting principles generally accepted in ises to give. Unconditional promises to give that are the United States of America requires management to expected to be collected in future years are recorded at make estimates and assumptions that affect the reported the present value of their estimated future cash flows. amounts of assets and liabilities, and disclosure of con- Discounts to present value are computed using risk-free tingent assets and liabilities at the date of the financial rates applicable in the years in which those promises are statements and the reported amounts of revenue and received. Amortization of the discounts is included in con- expenses during the reporting period. Actual results could tributions. Conditional promises to give are not recorded differ from those estimates. until the conditions are substantially met. Prior-year Information Office Equipment The financial statements include certain prior-year sum- Office equipment is stated at cost. Office equipment pur- marized comparative information in total but not by asset chased at a cost of $1,000 or more is capitalized. Depre- class. Such information does not include sufficient detail ciation has been provided using the straight-line method to constitute a presentation in conformity with account- over the estimated useful life of five years. ing principles generally accepted in the United States of America. Accordingly, such information should be read in Due to Other Agencies conjunction with the Foundation’s financial statements for Due to other agencies relates to monies received from the year ended June 30, 2007, from which the summa- other not-for-profit organizations whereby the income or rized information was derived. gains earned are for the benefit of the donor organization. Recent Accounting Pronouncements Special Projects In September 2006, the FASB issued SFAS No. 157, “Fair Special projects expense represents charitable activities Value Measurements” (“SFAS 157”) which establishes managed by the Foundation often on behalf of donors a market-based framework for measuring fair value of who request that the Foundation exercise a heightened assets and liabilities and expands disclosures about fair level of oversight regarding expenditures. value measurements. The changes to current practice resulting from the application of SFAS 157 relate to the definition of fair value, the methods used to measure fair ORANGE COUNTY COMMUNITY FOUNDATION • 29

value, and the expanded disclosures about fair value insured limits. The Foundation has not experienced any measurements. SFAS 157 is effective for fiscal years losses in such accounts and believes it is not exposed to beginning after November 15, 2007. The Foundation is any significant credit risk on its cash and cash equivalents. currently evaluating the impact SFAS 157 may have on the the statement of financial position, statement of activi- Investments ties and cash flow. Investments are exposed to various risks, such as interest rates, market, and credit risk. It is at least In February 2007, the FASB released SFAS No. 159, reasonably possible given the level or risk associated “The Fair Value Option for Financial Assets and Financial with investments that changes in the near term could Liabilities” (“SFAS 159”). SFAS 159 permits companies materially affect the amounts reported in the financial to measure many financial instruments and certain other statements. Investments are managed by third parties assets and liabilities at fair value on an instrument by to diversify risk and manage liquidity. instrument basis. SFAS 159 is effective for fiscal years beginning after November 15, 2007. The Foundation is Note 3 – Investments currently evaluating the impact SFAS 159 may have on the statement of financial position, statement of activities Investments consist of the following at June 30: and cash flow. 2008 In August 2008, the FASB released FASB Staff Position – Cost Fair Value SFAS 117a (“FSP-SFAS 117a”). FSP-SFAS 117a up- Fixed income funds $23,652,000 $23,114,000 dates SFAS 117 relating to the treatment of permanently Marketable equity securities 15,229,000 15,813,000 restricted net assets to be more in line with the model act Mutual funds equities 51,139,000 49,008,000 entitled “Uniform Prudent Management of Institutional Real estate and real Funds Act” (“UPMIFA”). FSP-SFAS 117a is effective for estate partnerships 2,399,000 2,362,000 Alternative investments 2,442,000 2,413,000 fiscal years ending after December 15, 2008. The Foun- dation is currently evaluating the impact FSP-SFAS 117a Total investments $94,861,000 $92,710,000 may have on the statement of financial position, state- ment of activities and cash flow. 2007 Fixed income funds $28,570,000 $28,192,000 In July 2006, the FASB released FASB Interpretation Marketable equity securities 9,954,000 12,108,000 No. 48 (“FIN 48”), “Accounting for Uncertainly in Income Mutual funds equities 24,735,000 34,429,000 Taxes – an interpretation of SFAS 109”. FIN 48 provides Real estate and real guidance for how uncertain tax positions should be estate partnerships 612,000 612,000 recognized, measured, presented and disclosed in the Alternative investments 691,000 691,000 financial statements. FIN 48 is effective for fiscal years Total investments $64,562,000 $76,032,000 beginning after December 15, 2007. The Foundation is currently evaluating the impact FIN 48 may have on the The Foundation’s investment policy is to maximize statement of financial position, statement of activities and return with a minimal amount of risk. The use of cash flow. alternative investments furthers that objective. Alternative investments are less liquid than the Foundation’s other Note 2 – Concentrations of Risk investments. The Foundation has entered into partnership agreements with respect to these investments and has Cash Equivalents unfunded capital commitments of $1,960,000 at June 30, In the regular course of business, the Foundation may 2008. These commitments expire December 31, 2010. maintain balances at a bank in excess of the federally 30 • ORANGE COUNTY COMMUNITY FOUNDATION

Note 3 – Investments (Continued) The pledges have been discounted to net present value (Continued)using a risk free rate of return. Investment income consists of the following for the years ended June 30: Note 6 – Permanently Restricted Net Assets Notes to Financial Statements2008 2007 Net realized and Donors may direct the distribution of the net investment unrealized gains (losses) $(8,304,000) $ 9,134,000 earnings of their endowment contribution toward a spe- Interest and dividends 3,137,000 3,774,000 cific purpose as follows at June 30: Total investment income $(5,167,000) $12,908,000 2008 2007 Agency $ 3,097,000 $ 3,088,000 The Foundation is aware there are significant pressures Donor-advised 6,845,000 3,774,000 in the current global financial markets and is monitoring Field-of-interest 10,009,000 10,012,000 the developments. For the quarter ended September Operating 2,550,000 1,903,000 Scholarships 4,466,000 4,066,000 30, 2008 the Foundation experienced additional realized Board discretionary 11,403,000 7,903,000 and unrealized losses of approximately 7.0%. Total permanently restricted net assets $38,370,000 $30,746,000 Note 4 – Contributions Receivable Contributions receivable represent unconditional prom- Note 7 – Retirement Plan ises to give to the Foundation that remain uncollected at The Foundation has a Simple IRA retirement plan covering year-end. Contributions receivable are expected to be all employees who meet the eligibility requirements. The collected as follows: Foundation matches up to three percent of the annual June 30 compensation of participants. Retirement plan expense 2008 2007 for the fiscal years ending June 30, 2008 and 2007 was Less than one year $ 3,566,000 $ 150,000 $32,000 and $27,000, respectively. Two to five years 300,000 – More than five years 255,000 – Note 8 – Commitments 4,121,000 150,000 Discount (15,000) – Aggregate future minimum rent payments required under Total contributions operating leases for office space that have non-cancel- receivable $ 4,106,000 $ 150,000 able lease terms, in excess of one year, at June 30, 2008 are as follows: Note 5 – Pledges Payable Years ending June 30, Pledges payable at June 30, 2008 consist of approved 2009 $ 164,000 grant commitments that are expected to be paid during 2010 168,000 2011 29,000 the following years: Total commitments $ 361,000 Years ending June 30, 2009 $ 1,692,000 Rent expense for the fiscal years ending June 30, 2008 2010 1,027,000 and 2007 was $162,000 and $159,000, respectively. 2011 1,427,000 2012 367,000 4,513,000 Discount (160,000) Net pledges payable $ 4,353,000 ORANGE COUNTY COMMUNITY FOUNDATION • 31

The Orange County Community Foundation’s Board of International Equity Governors is responsible for prudent asset management. Columbia International Value Fund The Board establishes investment guidelines for the Dodge & Cox International investment portfolio, approves allocation of assets, and EuroPacific Growth Fund Investmentreviews quarterly investment Oversight: performance. StewardingVontobel OCCF’s Emerging Markets Assets

The Investment Committee carries out the Board’s Fixed Income directives relative to investment strategy with the support PIMCO Total Return Fund of an independent investment consultant, Beacon Western Asset Management Core Plus Pointe Advisors, headquartered in Newport Beach. With Alternative Investments institutional and individual clients across the nation, European Investors, Inc. Global Property Beacon Pointe assists with the evaluation of investment HRJ Global Real Estate managers and ensures that the funds are managed in the Portfolio Advisor Private Equity most prudent and effective manner possible. Custodian The careful management of OCCF’s assets is designed First American Trust to ensure a total return (yield plus capital appreciation) necessary to preserve and enhance the value of the Investment Committee investment pool over time. OCCF’s funds are invested to provide safety through diversification in a portfolio Jeffrey Dankberg, Chair of common stocks, bonds, mutual funds, and other Partner, Deloitte LLP investments. OCCF Board Member Hyla Bertea Investments are also diversified within asset classes Former Director, Sempra Energy (for example, equities are diversified by economic sector, industry, quality and size). Portfolio diversification Richard Gadbois provides protection against a single security or class of President, Mullin Asset Management securities having a disproportionate impact on aggregate performance. Paul C. Heeschen Managing Partner, Heeschen & Associates independent consultant OCCF Board Member Beacon Pointe Advisors Timothy J. Kay Partner, Snell & Wilmer, L.L.P. Investment Managers OCCF Board Member Large Cap Value Andrew Policano Dodge & Cox Stock Fund Dean, The Paul Merage School of Business ICAP Equity Fund University of California, Irvine Large Cap Growth Michael Rakestraw Harbor Capital Appreciation Private Investor Jensen Investment Management Small Cap Value River Road 32 • ORANGE COUNTY COMMUNITY FOUNDATION

Contributions of $250 or more Dorothy Booth Charitable Trust Frank and Marleen Darras Anonymous Terry Bourne Armando Davila Academia Charitable Foundation Walter and Ruth Bourne Bruce Davis and Gabrielle Powers Ace Tube Bending Michael and Patricia Bousquet Frederick Davis Acorn Group Bread for the Journey Irvine Chapter Marc Davis DonorsActive Network Richard Brown Dejon Enterprises Advantage Graphics and Promotions Douglas Browne Del Obispo Youth Baseball Rosemary Agnew Brykrist Development Deloitte Leobardo Aguilar Stephen and Eva Burdett Delta Sigma Theta Sorority Aitken, Aitken and Cohn Burke Consulting Democratic Party of Orange County-State Mr. and Mrs. John Alderson C.N.O.A. Region V Disney VoluntEARS Dick and Mary Allen Jeff and Laurie Cadieux Disney Worldwide Services AllianceBernstein Terry and Bonnie Cairy Diverse Staffing Solutions Alpha Xi Delta Cal State Fullerton Foundation Diversity Law Group Alta Med Health Services Corporation Frank and Susan Calabretta Nancy Dobberman Altmayer Consulting Charles and Kimberly Caldwell Dodge and Cox Alva’s Produce California Community Foundation Dolphin Foundation American Honda Motor Company California State University Fullerton Kevin Donahue Law Offices of Alfredo M. Amezcua Arlean Campbell Patrick and Paula Donahue and Associates Michael and Etta Cannon Terrance and Andrea Donahue Anaheim Union High School District Catherine Frandsen and Company Austin Doran David and Linda Anderson Charles Cencibaugh Mark Draper Dee Dee Anderson Centralia School District Ranney and Priscilla Draper Samuel Anderson Gary and Julie Champlin E.J. De La Rosa and Company Douglas Antone Helen Charles DSC Capital Dolores Arnott Lawrence Chavez Cheri Dunn Association of Orange County Deputy Sheriffs Chevron Ruben and Teresa Duran Association of Orange County Deputy Sheriffs Chevron Products Company Robert and Lillian Dusoe Estate FOP - Lodge 18 Tony Ciabattoni Steven and Michelle Economos AT&T City of Santa Ana EDI-Health Group Gary and Linda Augenstein Richard and Elizabeth Clapp Edison International Bryan and Barbara Auxier Cohen Financial Education Dreams Fund Avila’s El Ranchito Colette’s Children’s Home James Egan and Susan Karlshoej AXA Equitable Life Insurance Company Commercial Bank Marta Egan B & D Towing Community Foundation of Jewish Federation El Rancho Charter School Steven and Cynthia Bahlman of Orange County Elliott Family Foundation Bailey Charitable Fund Community Foundation of Louisville Depository Frank Ellis Baker and Hostetler Conkling Fiskum and McCormick Entertainment Industry Foundation Virginia Baker Charitable Trust Rocio Contreras-Regalado EPICOR Jeffrey and Susan Balas COR Community Development Corporation Fred and Irene Erdtsieck Shawn Baldwin Cordoba Corporation Robert and Rebecca Esparza Banco Popular North America Moses and Rachel Cordova Esperanza High School Bank of America Foundation Cornwell Tools ESRR Vision Trust Bank of the West Corporation for Standards and Outcomes Essex Realty Management Baughman Family Trust Roy and Christal Cotta Kathleen Evans David Baukol Cougars Cross Country Booster Club Paul and Scottia Evans Beacon Pointe Advisors County of Orange Allan and Sara Fainbarg Joseph and Michele Beaumont Coventry Health Care Falling Leaves Foundation Patricia Beckman Kimberly Covert Farmers Insurance/The Exchange Club Bengard Foundation Cox Communications Steven and Christine Farwell John and Linda Benner Jeffrey and Cristina Craigmile Casey and Tina Fatch Jeff Bennett and Nan Eisley-Bennett Crew Orange County M.W. and A.M. Ferguson Marian Bergeson Frederick and Bridget Crook Fiesta Marketplace Alexander and Laura Berra Virginia Crosley First American Title Insurance Company Simon and Marylou Biddiscombe Robert and Louise Cryer Charles Fisher and Kit-Bacon Gressitt Alberto and Divina Blas CT Realty Corporation Louis and Mitzi Fisher Bob’s Homebrew Supply William and Joan Cvengros Don and Betty Flora Helen Boileau Estate Dad’s House Foundation Fluor Enterprises Randall Bone Wilfrid Dancer Paul and Daranne Folino Catherine Bonvicini Jeffrey and Bonnie Dankberg Ford Motor Company Boost Children - A Merage Foundation Gary Dapelo Freedom Communications ORANGE COUNTY COMMUNITY FOUNDATION • 33

Joseph French Steve and Ann Inouye Winslow Maxwell Charitable Trust Friendship Baptist Church Institutional Capital Corporation Daniel McClory Regina Froemmling Integrity Communication Consultants John Mc Clure Frome Family Foundation IronWorkers Local No. 433 J. Scott and Stephanie McFetters Mariko Fujinami Irvine Community Advancing the Arts McGregor Girand Family Fullerton College James Irvine Foundation Kevin and Valerie McMenamin Fullerton School District J M K Realty Services Rob and Helen McMillin Fullerton South Rotary Jackson Cooper Lois McMullen Manuel and Rita Gallardo Al Jacobs Neal Meldrum Gap JBZ Mendoza Berger and Company Leslie Garza Lamar Jefferson Merrill Lynch and Company The Gas Company Gary and Elizabeth Jenkins Metro Border Jeff and Stephanie Gehl Kaiser Permanente Michael and Nancy Meyer Richard and Mary Gerhold Dahlia Kakiuchi Homer and Masae Middaugh gkkworks Gerald and Bernadette Kanaly Robert and Charlotte Minami Jose and Luz Gonzalez Hunter and Elaine Keck Scott and Elaine Minami Goodwill Industries of Orange County Michael and Sandra Kehoe Mission Church Daniel and Lisa Grable Donald and Dorothy Kennedy Michael Morris Graffy Cheryl Kiddoo Jack Morrissey Robert and Betty Grant Victor and Barbara Klein Muckenthaler and Associates George and Reva Graziadio Foundation William and Jenny Klein Michael Mugel Robert and Chiwami Greenberg Juergen and Debbie Klinsmann Brett and Lucy Munger Greenberg|Graham Advisors Kelly and Denise Ko Muñoz and Associates Greg Lerum Insurance A.W. Korn Frances Muñoz Jonathan and Estella Grimm L and S Tax Service Gregory Muñoz Myrna Grover Trust Laguna Hills High School Cross Country Vera Muñoz-Harrison Habitat for Humanity of Orange County Joseph and Anne Lapaglia NAACP - Orange County B.M. and Janet Hackley Juan and Joanne Lara National Council of Negro Women Brian Hackley William and Dorice Larkin Orange County Section David and Gwen Hackley LaSalle Bank National University System Peter Hackley LBA Realty Charitable Foundation Octavio Navarro John and Merry Hagestad Leatherby Family Foundation NCBW James and Carol Hamilton Regina M. Lehn Charitable Trust New Spirit Baptist Church Karina Hamilton Lenawee Trust Bruce Newbery Evan and Elizabeth Hand Roberta Lessor Henry Nicholas III Foundation Steven and Melissa Hanle Gary Levin Thomas & Marilyn Nielsen Harris and Ruth Painting Contracting Mitchell and Deena Lew Noelle Marketing Group Jeanette Bertea Hennings Foundation Eileen Lewis Estate Julio and Antoinette Nunez Linda Herman Robert and Elizabeth Lindh Timothy and Nancy O’Brien Anita Hernandez George and Laura Livermore John and Jeanette O’Connor Janet Higgins Barbara Lohrenz Kathleen O’Leary Mitch and Julie Hill Kelly Lombardo Edward and Jeannette O’Rourke Peter and Julie Hill Arturo and Raquel Lomeli OC Teachers Federal Credit Union Brad and Lisa Hillgren John and Cherril Longhurst Olin Group HMC Paul and Alicia Lopez OM Restaurant Management Hoag Memorial Hospital Presbyterian Warren and Susan Lortie Omega Psi Phi Franternity Linder and Mary Hobbs Los Angeles Times One Hundred Black Men of Orange County Scott and Maureen Homan Jim and Katie Loss Orange County Community Housing Donald and Carolyn Honer Michael Luevano Corporation Horowitz Family Arthur and Patricia Lundeen Orange County Department of Education Alan and Shelley Hoss William H. Lyon Orange County High School of the Arts Hostedware Corporation William J. Lyon Orange County Ministers Conference Donald and Corinne Howard M.M.A.A. of Alpha XI Delta Orange County Tourism Council Human Options Scott and Barbara MacCabe Orange County’s Credit Union Richard and Regina Hunsaker Anne MacPherson-West Orangewood Children’s Foundation Tiffany Hunter Patricia Machado ORCO Block Company Robert Hurley Max and Martha Madrid Larry Ornelas Idaho Community Foundation Malcolm and Cisneros, A Law Corporation Wernher and Rosemary Ovalle Imperial Hotel Marisla Foundation Overseas Chinese Association Inland Pacific Roofing Company Doreen Marshall Pacific Club Impact Foundation Ray Inouye Michelle Martinez Pacific Life William and Crescencia Martinez 34 • ORANGE COUNTY COMMUNITY FOUNDATION

PacifiCare Foundation Fund Jon and Mary Schrader TK Foundation PAETEC (Continued) Mary Schulte Louis Tomaselli Greg and Sally Palmer Kathryn Segal Bill and Joan Torres Alex and Roxane Papas Family Foundation C.J. Segerstrom and Sons Townsend Public Affairs Parker Hannifin Foundation David and Ruth Seigle TuComp DonorsLeland Parker SEIU United Healthcare Workers - West Mary Turner Estate Arthur Partridge SEIU United Long Term Care Workers Tustin High School Todd Pelkey Dickson and Lois Shafer Tuttle-Click Dondoyena Perreras Edward and Helen Shanbrom Ueberroth Family Foundation Phil Smart Deane and Johanna Shapiro Union Bank of California Jack and Jody Pike Jack Shaw and Ellen Shockro United Parcel Service PIMCO Foundation Dennis Shimazu University of California Santa Barbara Helen Pines Craig and Laura Shugert University of California, Irvine Pio Pico Elementary School PTA John and Renee Simonis University of La Verne William and Patricia Podlich Skyline Nevada Charitable Unitrust Amy Uyemura Steve and Barbara Polito Frank and Janet Smalarz Mark Van Ness Patrick and Tracy Powers Craig and Nancy Smith Russell and Anita Varela Leo and Michelle Presiado Kelly Smith Ralph and Kathleen Varela ProSport Physical Therapy Ruben A. Smith, A Professional Corporation Ernesto and Socorro Vasquez Public Health Foundation Enterprises Solorio for Assembly 2008 Verticle Construction Thomas and Susan Purcell Rafael Solorzano Richard and Marcia Vogl Frank and Inez Quevedo Bishop Jaime Soto Volunteer Center Orange County Karen Raab South Santa Ana Merchants Association Volvo Cars of North America Raj Manufacturing Southern California Edison Scott Votey and Lisa Vollendorf Rancho Santiago College Foundation Southland Industries Wachovia Foundation Rancho Santiago Community College District SouthTech Systems Wal-Mart Stores Patricia Rausch Spectrum Controls Jon and Susan Wampler Marc and Michelle Redoutey Spectrum Hotel Group Ware Malcomb Jerry and Kay Rekers Sperry Van Ness Commercial Real Estate Washington Mutual Bank Ryan Rekers Sperry Van Ness International Waste Management Renate Collison Realty Joshua Speyer Robert Watkins Desi Reyes Spiritual Assembly of the Baha’is of Orange Melinda Wayne Munoz William Rhodes Foundation SPS Dynamic Air Wealth Management Network RMRG Charitable Fund Geoffrey and Nancy Stack Jonathan Webb and Deborah Swett Thomas and Carrie Rolfes Staffing Solutions Douglas and Allison Weight Roosters Foundation of Orange County John and Elizabeth Stahr Weingart Foundation Edward and Dana Rossi State Farm Mutual Automobile Raymond and Beverley Wells Nira Roston Insurance Company Wells Fargo Bank Mary Rourke Steadfast Investment Properties Wells Fargo Foundation RREEF Property Management Elizabeth Steele Wells Katz Family Trust Michael and Jayne Ruane Henry and Franca Stiepel Wescom Credit Union Janet Ryan John and Mary Stoneman West Coast Radiology Reps Safeway Richard Stoneman Western Painting & Wallcovering Bert and Maria Salazar Mark and Karen Strauss Ruth Wetherbee Estate Richard Sambora Danniena Sun Robert and Kirsten Whalen Samueli Foundation Gary and Sharon Sunda Lou Ann Whetter San Antonio Church Surfline-Wavetrack White Family Foundation Amador and Sundra Sanchez Iva Swayne White House Writers Group Santa Ana Board of Education Keith and Judy Swayne Jayne Wilhelm Santa Ana College Foundation Swimmer Family Robert Wilhelm Santa Ana Educators’ Association Cathy Takeuchi Robert and Gladys Wilkins Santa Ana Firemen’s Benevolent Association Ron Tarbell John and Michelle Williams Santa Ana Police Athletic and Activity Target Karen Winnett League Fund Team Property Management Greg and Sharon Wohl Santa Ana Police Officers Association Telacu Industries Wesley Wong and Michelle Yee Santiago Canyon College Foundation Scott and Cheryl Tempel Woodruff, Spradlin and Smart SARES-REGIS Group Temple Beth Shalom John and Jennie Yonkers Eric Scandrett Donald and NathalieTherien Zachary’s Chicago Pizza Patrick Schmidt T.H.I.N.K. Together Robert and Eleanor Zimmer Donald Schoellerman THP Management Alvin and Mary Anne Schoellerman Michael and Sheree Timmons Richard Schoenberger ORANGE COUNTY COMMUNITY FOUNDATION • 35

ENDOWED FUNDS Friends of Santa Ana Zoo Endowment Fund Orange County Hispanic Education The principal of an endowed Friendship Shelter Endowment Fund Endowment Funds: fund remains at the Community Fullerton Sunrise Rotary Fund Adorno, Yoss, Alvarado & Smith Legal Giang Family Fund Scholarship Fund Foundation forever, and grants and Goodwill Industries of Orange County Architecture & Engineering Fund Fundsscholarships are made through the Endowment Fund Arts Scholarship Fund fund’s annual earnings. This ensures Joshua Dean Hall Memorial Fund Association of Hispanic Professionals for Julian & Hilda Harte Family Foundation Fund Education Scholarship Fund that a donor’s charitable investment Mark S. Haunfelner Memorial Fund Richard Bermudez Scholarship Fund/ grows and that the community Hazeltine Family Educational Fund Friends of Cal State Fullerton benefits from a continual flow of Health & Wellness Fund Mike Carona Foundation Scholarship Fund Healthy Smiles for Kids Fund De La Libertad Scholarship Fund philanthropy now and for generations Paul E. Heeschen Volunteerism Fund Eisner Foundation Fund to come. We are grateful to those HomeAid Orange County Endowment Fund El Viento Endowed Scholarship Fund who have committed to care for our Sean Alan Hoss Endowment Fund Friends of UCI Scholarship Fund Hostedware Scholarship Fund Jose Angel Garibay Scholarship Fund community in perpetuity. Human Options Endowment Fund Healthcare Education Scholarship Fund James Irvine Endowment Fund Hispanic Bar Association/Wally Davis Larry Acterman Public Education Fund, Junior League of Orange County Educational Memorial Scholarship Fund Established in Memory of Larry Acterman Scholarship Fund Hispanic Chamber of Commerce AFP Outstanding Youth Leadership Award, Francis B. Kearns Fund Scholarship Fund Established in Memory of Carol Radzino Kiwanisland Endowment Fund Hispanic Council of Realtors Fund Andrews Family Scholarship Fund, Established Marken Family Legacy Fund Luévano Foundation Fund in Memory of Alan V. Andrews, M.D. Doreen D. Marshall Fund For Youth MANA of Orange County Scholarship Fund Arts Orange County Endowment Fund Robert J. & Doreen D. Marshall Fund for National Hispanic Business Women Beall Family Foundation Endowment Fund Dramatic Arts & Classical Music Association Fund Anna Mary Beck Fund Math, Sciences, Arts Scholarship at New Century Financial Corporation Fund Frank & Ruth Bila Charitable Fund San Clemente High School Fund Fernando & Olga Niebla Scholarship Fund E. Burdette and Helen H. Boileau Richard & Jewel May Fund Orange County Hispanic Education Endowment Fund Arthur Melin Family Fund Endowment Fund Joseph Booth Fund James Mock Jr. & Anna Mock Memorial Orange County Register/Excelsior Fund Nicholas Booth Fund Endowment Fund Orange County United Way Fund Sarah Jane Booth Fund Honorable Frances Muñoz Fund Sage Hill School Scholarship Fund Ryan M. Bousquet Memorial Fund Peter & Mary Muth Endowment Fund Soka University Scholarship Fund Bowers Museum of Cultural Art Jim C. Nanscawen Memorial Fund Southern California College of Endowment Fund Clifford & Mary Ann Nelson Educational Fund Optometry Fund Boys & Girls Club of Santa Ana New Opportunities for Employment through Union Bank of California Hispanic Foundation Fund Retraining Fund Scholarship Fund Lee Brennan Memorial Scholarship Fund Nick Nicolaus “Seniors” Fund Vanguard University Scholarship Fund Bridgford Family Fund Nygard Family Endowment Fund Angel & Rosemary Varela Scholarship Fund Burzynski Family Fund Olander Family Fund Charles B. Caldwell Endowed Fund Orange County Arts & Science Education Canyon Acres Fund Endowment Fund Case-Swayne Co. Scholarship Fund Orange County Bar Foundation Mollie Casey Charitable Fund Endowment Fund Coastline Community College Orange County Centennial Scholarship Fund Endowment Fund Orange County Community Housing Frank & Judy Colver Endowment Fund Corporation Fund Donna & John Crean Endowment Fund Orange County Council on Aging Fund Robert R. Cryer Family Fund Orange County Endowment Fund James Santiago Manuel Cuevas Memorial Scholarship Fund Jane Deming Fund El Viento Endowment Fund Excellence in Education Fund For Good, For Ever Endowment Fund Frankston Family Fund Friends of Children’s Museum at La Habra Endowment Fund

Todd Hanson with Fred and Jeanne Golding 36 • ORANGE COUNTY COMMUNITY FOUNDATION

Orangewood Foundation Endowment Fund Dick Wilson Memorial Fund Carroll Family Foundation Fund Margaret E. Oser(Continued) Fund for Women Charles H. & Ethel E. Wolfe Scholarship Daniel Cavanagh Journalism Scholarship Fund Virginia Eros Perez Memorial Fund Endowment Fund Charles D. Cencibaugh Foundation Fund Recovery Fund Zoota Family Endowment Fund Chaix/Bush Family Fund Honorable Thomas F. Riley Fund Charter School Development Fund FundsDr. Olivia de la Rocha Endowment Fund NON-ENDOWED FUNDS Child Family for Christ Fund Richard & Mary Rogers Fund Victoria & David Collins Family Fund David & Estelle Rosenthal Fund A non-endowed fund provides Community School Partnership Fund Rotary Club of Fullerton South Fund grants and scholarships from Control Research Foundation Fund Santa Ana 2000 Scholarship Fund the fund’s principal as well as its Cultural Vision Fund Second Harvest Endowment Fund Cvengros Family Charitable Fund Seigle Family Fund earnings. These funds help meet the Dad’s House Foundation Fund David C. Seigle Legacy Fund immediate needs of our community. Barbara Danzi Fund Frank Morio Shimazu Endowed Memorial Michael Danzi Fund Scholarship Fund Kayla L. Aasgard Scholarship Fund, Lilian M. Davies Movement Education Fund Georgia Hull Spooner Performing Arts Established in memory of Kayla L. Aasgard Davis Development Foundation Fund Juniors Scholarship Fund Advisors of Sperry Van Ness Legacy DEER Fund South County Senior Services Foundation Fund Denham Family Fund Endowment Fund Dick & Mary Allen Fund Disney VoluntEARS Community Fund Elizabeth & John Stahr Endowment Fund ALM Fund Disneyland Resort Scholarship Fund Robert F. Stauffer Foundation Fund Mr. & Mrs. David W. Anderson Fund Dollars for Diablos Fund Swayne Family Memorial Fund Samuel Anderson Family Foundation Fund Pat and Paula Donahue Family Judith Swayne Leadership Endowment Fund Bagne Family Fund Foundation Fund Temple Beth Shalom Endowment Fund Bailey Charitable Fund Downs-Pike Fund Connor Jeffrey Thomas Fund Balboa Performing Arts Theater Fund J. A. Doyle Fund Riley Peter Thomas Fund Baughman Family Foundation Fund Draper Family Foundation Fund Matthew Joseph Ueberroth Fund Beall Family Foundation Fund Draper Family Foundation Scholarship Fund William Victor Ueberroth Fund Beautiful Boy Fund Dream Island Fund William Van Haeren Memorial Fund Beckman Family Fund Ben & Carmela Du Family Foundation Fund Hillary Glenn Van Ness Endowed Fund Stanley Behrens Foundation Fund Robert C. and Lillian N. DuSoe Jillian Marie Van Ness Endowed Fund Belling Family Foundation Fund Scholarship Fund Veterans Relief Endowment Fund John & Linda Benner Fund Education Dreams Fund Richard and Marcia Vogl Fund Richard & Hyla Bertea Fund Faye Edmundson Memorial Fund James L. Warner Educational Fund Brain Injury Foundation Fund Marta K. Egan Scholarship Fund Webb-Swett Art & Architecture Brakke Family Foundation Fund EHG Fund Scholarship Fund Elizabeth A. Brem Memorial Fund El Rancho Charter School Foundation Fund Robert E. and Gladys G. Wilkins Brigham Family Fund Kris & Linda Elftmann Family Foundation Fund Charitable Fund Serena Brooke Fund Elliott Family Foundation Fund Barbara Steele Williams Endowment Fund Building Block Foundation Fund Brad Evans Foundation Fund, Established Burzynski Family Fund II in memory of Brad Evans Terry & Bonnie Cairy Family Fund Dolores Eyler Fund Ellen & Stan Call Family Fund John Eyler Fund Campbell Family Fund Falling Leaves Return to Their Roots Fund David P. Campbell Foundation for Pediatric Fedco Teacher Grant Fund Mitochondrial Disease Research Fund Thomas M. Flynn Jr. Foundation for Michael & Etta Cannon Family Fund Positive Futures Fund Follow the Light Foundation Fund Catherine Frandsen and Family Fund Friends of the Orange County Animal Shelter Fund Robert & Susan Fry Donor Advised Fund R. and V. Gallio Family Foundation Fund George & Bob Fund Darlene & Walter B. Gerken Fund Aletha Joy Bourne Gilsdorf READ2KIDS Memorial Fund Paige Gleeson Memorial Fund

Laguna College of Art & Design ORANGE COUNTY COMMUNITY FOUNDATION • 37

Fred & Jeanne Golding Fund LBA Realty Charitable Foundation Fund Robert & Terri Goldmann Foundation Fund Regina M. Lehn Fund Goodwill Industries of Orange Beatrice Levin Scholarship Fund County Fund Amanda Lew Charitable Foundation Fund Daniel C. & Lisa A. Grable Family Frank & Peggy Listi Fund Foundation Fund Longhurst Family Foundation Fund Board member Grants for Blocks – City of Santa Ana Lortie Family Charitable Fund Don Kennedy, Agency Fund Loss Family Fund Ambassador Grants for Parks – City of Santa Ana Lundeen Family Fund Tom Nielsen, Agency Fund Marcia & Hank Fund Martin Hubbard, George & Reva Graziadio Foundation Fund Marisla Fund and Board Green Family Fund Thomas O. Markel, Jr. Family Trust Chairman Greenberg/Graham Advisors Charitable Fund Mathis Family Fund Paul Marx Guided Alliance Hemophilia Educational Richard and Jewel May Scholarship Fund Scholarship Fund Anna Grace McGregor OC Fund Scott & Anita Hadley Fund Liam James McGregor OC Fund Hagestad Family Foundation Fund Rob & Helen McMillin Fund Joshua Dean Hall Memorial Scholarship Fund Melin Family Foundation Fund Hamilton Family Fund Laura Minami Memorial Fund Lee & Kathy Hancock Fund Miracle Foundation Fund Purcell Family Fund Jeanette Bertea Hennings Foundation Fund Mount Family Fund Rauth Family Fund Hillgren Family Foundation Fund Donald & Carol Murray Charitable Fund Jeff Roos Foundation Fund Charlie & Mary Hobbs Fund Muth Families ORCO Block Fund Smiles From Nicholas: The Nicholas Rydzynski Johanna May & George Hoedinghaus Fund Stephanie Muth Foundation Fund Foundation Fund Hofer Family Foundation Fund Veronica Muth Foundation Fund San Clemente History, Arts & Culture Fund James Howard Hoiles Memorial Fund Megan Myers Memorial Fund Santa Ana Police Athletic & Activity Homan Family Fund Megan Myers Memorial Scholarship Fund League Fund Hoops Family Fund Nicholas Endowment Fund Sawyer Family Foundation Fund Hope for a Future Fund Albert & Tricia Nichols Fund Donald L. Schoellerman Charitable Fund Hope Fund Thomas & Marilyn Nielsen Fund Schoellerman Family Fund Horowitz Family Fund Noble Family Foundation Fund Jack & Mary Jane Schrader Fund Andrew & Pamela Horowitz Fund Nonprofit Shared Space Fund Schriber Family Fund Michael A. Hunter Memorial Scholarship Fund Orange County Advancing the Arts Fund Science Scholarship Fund Hussman Family Fund Orange County Children & Families Fund D.R. Segal Memorial Fund for Excellence I Give for Kids Fund Orange County Disaster Relief Fund in Journalism Invest in Children Fund Orange County Hispanic Education Funds: David & Ruth Seigle Family Fund Jackson Family Foundation Fund Chapman University Scholarship Fund Senior Santas & Friends Fund Jackson Family Scholarship Fund for Nursing Orange County Hispanic Education Fund Shafer Family Foundation Fund Javed Family Charitable Fund Orange County Marine Corps Memorial Edward & Helen Shanbrom Family Fund Howard & Shirley Jones Fund Foundation Fund Shapiro Family Foundation Fund Joyful Child Foundation Fund in the Memory Orange County Public Schools Fund Skyline Nevada Fund of Samantha Runnion Orange County Scholarship Fund Kelly Smith Fund Karlshoej and Egan Fund Orange County Tourism Council Vincent & Kelly Smith Fund Steeve & Helen Kay Family Fund Scholarship Fund Social Enterprise Loan Fund (SELF) Elaine Lucas Keck Foundation Fund O’Rourke Family Foundation Fund Social Enterprise Venture Fund Hunter Keck Family Fund Margaret E. Oser Scholarship Fund Social Venture Guarantee Fund Dennis & Joanne Keith Fund Overseas Chinese Association Soka University Fund Keller Family Fund Scholarship Fund Southland Scholarship Fund Klinsmann Family Fund PacifiCare Foundation Fund St. Joachim Building the Future Fund Kozel Family Fund Palmer Family Foundation Fund Nancy & Geoffrey Stack Family Jason Kramer Memorial Fund Leland A. Parker Charitable Trust Fund Foundation Fund Laguna Legacy Fund Camden Partridge Foundation Fund Richard & Elizabeth Steele Fund Jack M. Langson Fund Cassondra Partridge Foundation Fund Steffy Family Foundation Fund LaPaglia-Sheridan Foundation Fund Pines Family Foundation Fund Stephen Family Charitable Fund Lara Family Fund Podlich Family Fund Larkin Family Foundation Fund Steve and Barbara Polito Foundation Fund Steve & Virgina Layton Family Foundation Fund Carrie Ellen Prante Memorial Fund 38 • ORANGE COUNTY COMMUNITY FOUNDATION

Stiepel Family Fund LEGACY FUNDS SUPPORTING ORGANIZATIONS Swayne Family Charitable(Continued) Fund The Community Foundation is Supporting Organizations are sepa- Keith & Judy Swayne Charitable Fund Sue Pharris Tallman Fund uniquely qualified to steward the rate legal entities that share the Don & Betsy Tarbell Fund hopes and dreams of the people 501(c)(3) status of the Community FundsTeam MacPherson Scholarship Fund of Orange County by carrying out Foundation, and are associated with Nancy E. & William S. Thompson Family Fund Mark Tiner Foundation Fund donors’ philanthropic visions after us through both their purposes and TK Foundation Fund they are gone. The following funds their operations. Torres Family Fund were created through thoughtful Cheryl & Benjamin Trosky Fund The Beall Family Foundation Turner Family Foundation Fund estate planning to ensure that future The Elliot Family Foundation Turner Foundation Fund generations would benefit from these The Nicholas Endowment Ginny & Peter Ueberroth Fund donors’ legacy of giving: OCCF Supporting Organization Unrestricted Non-Endowed Fund Schoellerman Foundation U/S Fresno Fund Anna Mary Beck Fund USC-CHOC-Healthy Smiles Pediatric Frank & Ruth Bila Charitable Fund Dental Residency Fund E. Burdette and Helen H. Boileau Van Ness Fund Endowment Fund Familia Vasquez Fund Coastline Community College Foundation Robert D. Voit Fund Fund (funded by Algird Stephen) Ray & Elsa Watson Fund Lilian M. Davies Movement Education Fund Wealth Management Network Jane Deming Fund Charitable Foundation Fund Regina M. Lehn Fund JT Weiss Family Foundation Fund Beatrice Levin Scholarship Fund Wells Family Foundation Fund Math, Sciences, Arts Scholarship at Ruth D. Wetherbee Foundation Fund San Clemente High School Fund Whalen Family Fund James Mock Jr. & Anna Mock Memorial Whalen/Zanton Family Fund Endowment Fund Mrs. Charles S. Wheeler III Library Fund Jim C. Nanscawen Memorial Fund Kent J. & Carol L. Wilken Fund Albert & Tricia Nichols Fund Robert & Tracey Williams Family Olander Family Fund Foundation Fund David & Estelle Rosenthal Fund Whang Family Fund Richard & Elizabeth Steele Fund Karen Winnett Charitable Giving Fund Ruth D. Wetherbee Foundation Fund The Wish Fund Charles H. & Ethel E. Wolfe Scholarship Fund Wohl Family Fund YMCA Health and Fitness Fund Zoota Family Foundation Fund

Tucker Wildlife Sanctuary

J. F. Shea Therapeutic Riding Center ORANGE COUNTY COMMUNITY FOUNDATION • 39

The Orange County Community Foundation provides Audit: Hires, sets compensation and oversees the donors with careful and diligent stewardship of their independent auditor’s activities, meets with the auditor philanthropic investments, both during and after their and reviews the annual audit, and recommends its lifetimes. Donors often bequeath gifts to OCCF in their approval or modification to the full Board. estateBoard plans, Governanceentrusting OCCF with the and responsibility Committees of carrying out their philanthropic intent after they are gone. Compensation: Guides and oversees OCCF’s Some donors ask OCCF to exercise its discretion to direct compensation policies and practices, ensuring the proceeds of their gifts to meet the most pressing compliance with legal and regulatory requirements and community needs as they change over time, while others alignment with best practice standards. describe the fields of interest or specific organizations they wish to benefit with their legacy. And, of course, Board Development: Oversees recruitment, orientation many donors use the Orange County Community and ongoing education of Board members and ensures Foundation as an active partner in their current giving, compliance with bylaws and policies regarding Board helping them to realize the philanthropic impact they service. could not achieve on their own. Part of what makes this possible is the reputation earned Fund Distribution: Oversees the distribution of OCCF’s by OCCF for the honesty, integrity and diligence of its discretionary resources within policy guidelines Board of Governors. These characteristics are essential established by the Board and makes recommendations because of the critical stewardship role the Board plays in for grant distributions to the full Board. governing OCCF assets and operations. Endowment Oversight: Works to ensure that the intentions The Board exercises its governance responsibilities of donor-advisors who are no longer willing or able to supported by a committee structure that allows members serve are carried out. Reviews original fund agreements to apply their skills and expertise in the areas that will and recent granting activity and makes recommendations ensure the most effective oversight and guidance of to the full Board as needed. OCCF’s activities. The following standing committees meet regularly to carry out critical functions of the Board.

Finance: Reviews quarterly financial statements and budget performance, and recommends annual budget to the full Board.

Investment: Reviews investment performance with independent investment consultant, ensures compliance with OCCF investment policies and guidelines, proposes modifications to investment policies, and reviews investment implications of unusual assets. 40 • ORANGE COUNTY COMMUNITY FOUNDATION

Advisory Board 2007-2008 Comprised of former OCCF Board members and community leaders, these knowledgeable individuals provide their skills and expertise to help guide OCCF Board of Governors and strategize our efforts. We thank them for their enduring, invaluable commitment to OCCF.

Paul F. Marx Dick Allen Julie A. Hill Co-Chairs Chairman Vice Chair & Treasurer Secretary Thomas Nielsen Partner, Rutan & Tucker President, DIMA Ventures Founder, Hiram-Hill Development Ginny Ueberroth Members Marian Bergeson Marilyn Nielsen Hyla Bertea William F. Podlich Janet Colclaser Elizabeth Stahr Robert Grant Carol Wilken Lee Hancock Robert Ihrke, Esq. Joann Leatherby

Marcia F. Adler N. Christian Anderson Jeffrey A. Dankberg Former Commissioner, Former Publisher and CEO, Tax Partner, Deloitte Juvenile Justice Commission The Orange County Register PREVIOUS BOARD MEMBERS Justice John Arguelles (Ret.) Michael Mai K.P. “Bala” Balkrishna Les McCraw Hyla Bertea Robert McKay Janet Colclaser Carl Mitchell Michael R. Danzi Honorable Frances Muñoz (Ret.) Ron Dominguez Thomas Nielsen Walter Gerken William F. Podlich Dr. Milton Gordon Frank Quevedo Robert Grant Honorable Thomas Riley Paul C. Heeschen Timothy J. Kay Donald P. Kennedy Lee Hancock Managing Partner, Heeschen Partner, Snell & Wilmer Chairman Emeritus, The First Ruben Smith & Associates American Corporation Bernice Hird Judy Swayne Robert Ihrke Judy Hoiles Threshie Gary Johnson Ginny Ueberroth Rose Marie Johnson Daniel Wheeler Jim Kanno Carol Wilken Parker Kennedy Joann Leatherby

David C. Seigle Kelly Smith Socorro Vasquez President, In-Three, Inc. Advisory Board Member, Board Member, UCI Jumpstart Foundation ORANGE COUNTY COMMUNITY FOUNDATION •

In Appreciation We thank the generous people and organizations who contributed photographs for this year’s report. In addi- tion, we are honored to recognize those who provided photographs for the featured stories: AVID (page 4), Don and Phyllis Hall for photo of Joshua Dean Hall (page 5), Chris Sardelis, Sardelis.com (page 5), PE4ME (page 6), the Hansen Family and Angels Charity (page 7), the Orange County Fire Authority (page 8), Inside the Outdoors (page 9), Laguna Art of College & Design (page 10), the parents of infant Jack Maloney (page 11), Carla Rhea for William and Joan Cvengros (page 22).

National Standards for Community Foundations The Orange County Community Foundation serves hundreds of donors, administers millions in charitable funds and addresses core concerns within the county. Thus, we see it as our responsibility to all donors and the community to operate at the highest level of integrity, efficiency and service. OCCF is proud to be recognized as one of the first in the nation to meet the National Standards for Community Foundations. The rigor- ous process included a thorough review and assessment of all of our governing documents, policies and operational procedures. Community foundations like ours use standards as a roadmap to establish and maintain legal, ethical, and effective practices that enable us to inspire and grow philanthropy across the nation. The seal below was awarded to OCCF as a result of meeting those standards.

The Orange County Community Foundation’s IRS Form 990 (annual tax filing) is available on its Web site at www.oc-cf.org or to request a copy please call 949.553.4202. 30 Corporate Park, Suite 410 Irvine, CA 92606 tel. 949. 553.4202 fax 949. 553.4211 www.oc-cf.org