Goldseker Foundation 40 Years

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foundation’s history. history. foundation’s

of its pages, every grant recipient in the the in recipient grant every pages, its of

grant-making by listing, along the borders borders the along listing, by grant-making

annual report celebrates forty years of of years forty celebrates report annual

his his T area. metropolitan Baltimore the in

570 nonprofit organizations and projects projects and organizations nonprofit 570

than more to million $93 granted has

estate in 1975, the Goldseker Foundation Foundation Goldseker the 1975, in estate

original bequest of $11 million from his his from million $11 of bequest original

ince the the ince S (1898–1973). Goldseker Morris

through the generosity and foresight of of foresight and generosity the through

he Goldseker Foundation was created created was Foundation Goldseker he T f • Anti-De Museum Art can Visionary • Ameri Chapter Regional - Baltimore can Red Cross • Ameri Affiliate) ( Maryland iation ssoc

betes• can Dia rust Ameri T can Communities • Ameri Directions A • Alternative Y and Children or f ates c dvo A • aturity M n I tion Ac • ingdom K Child’s A • aryland M f o Friends 1000 f nter I AIDS • Baltimore ya Af • Charities ro Af • outh es es c ervi S esidential R aith Baltimore Association for Retarded Citizens • Baltimore Bar Foundation • Baltimore Braille A ssociation • Baltimore Center for the Performing Arts • Baltimore Child Abuse Center • • Baltimore City Department of Education • Baltimore City Department of Housing and Community Development • Baltimore City Foundation • Baltimore City iety • BaltimoreM edi c al S o iety City P u b li c Sc hools • BaltimoreR esear c h and D evelopment Foundation City • Baltimore City Off i c e o f the M ayor • Baltimore Collegetown N etwork • Baltimore Community D evelopment A llian c e • Baltimore Community Foundation •

Chairman’S Message

his annual report commemorates the Goldseker Foundation’s 40th year of grant-making. These are just a few examples of how the Goldseker board has tried to make strategic investments During that time, an original $11 million bequest has steadily grown to an endowment in the creation, development, and growth of promising nonprofit institutions capable of delivering presently valued at nearly $100 million. The foundation has made over $93 million in grant sustained impacts that extend beyond finite grant periods. As stewards of assets intended by Morris awards to more than 570 local nonprofits. This year, on behalf of Baltimore’s people and Goldseker to “give aid and encouragement to worthy individuals to continue their education, institutions, we honor their work and accomplishments by listing in this report every grant establish themselves in business, overcome such adversities as accident or illness, or to maintain holarship Fund • I ndependent Sc hool holarship Fund • • Baltimore sso c iation recipient in the foundation’s history. The foundation is proud to have supported so many or support themselves or their families,” the foundation has sought and prioritized opportunities outstanding organizations that have made such important contributions to our community. to fulfill his wishes. Furthermore, we have entrenched ourselves in the Baltimore community to be able to initiate grant-making, rather than waiting for grant requests. TWhen the foundation’s namesake, my uncle Morris Goldseker, passed away leaving his assets to create the foundation, I was at the beginning of my business career and philanthropy was largely It is impossible to reflect on the foundation’s four decades of existence and the evolution of unknown to me. When I took on the unexpected responsibility of chairman and the foundation its grant-making and investment priorities and philosophies without acknowledging how difficult made its first grants 40 years ago, little did I know that this nascent enterprise would play such an and painful 2015 has been. Hard-won gains to improve public safety and national perceptions important role in helping shape Baltimore’s emerging philanthropic sector and forge some of the of Baltimore were greatly set back by the unrest of this past spring. The underlying causes of city’s leading civic institutions. the disaffection experienced by so many communities were decades in the making. It will take considerable time and effort to begin restoring the public’s confidence, and that will occur only While it is hard to imagine today, the foundation’s initial hiring of staff, opening an office, providing through tangible and sustained actions that must clearly and continuously demonstrate shared a phone number, and then publishing an inaugural annual report were viewed as innovative. and universal commitment to justice, inclusion, and equality. As disheartening as the events of Although not by intentional design, the Goldseker Foundation found itself at the vanguard of a 2015 were, they brought into even greater focus the importance of sustaining the work being burgeoning movement of local and national foundations and nonprofits in the earliest stages of done by the foundation’s grantees.

mprovement A I mprovement b le • Baltimore H ousing R oundta • Baltimore artnership development, organizing to more purposefully direct their efforts and resources toward Baltimore’s greatest needs. This came at an opportune time when public corporations and their headquarters On the occasion of this 40th anniversary commemoration, I am reminded of all the dedicated were beginning to disappear from the Baltimore landscape. professionals who have so ably served the foundation as members of the board of directors, investment and advisory selection committees, and staff. They have brought distinction to the Over decades, there has been a welcome professionalization of philanthropy and the advent foundation’s work, and it has been a great privilege and honor to be associated with their efforts of a number of best practices to make foundations more effective and transparent within the on behalf of the people of Baltimore. It has also been a pleasure to welcome Matt Gallagher as communities where they work and serve. The Goldseker Foundation has consistently focused on CEO after the long tenure of Dr. Timothy Armbruster, to whom I owe special thanks for playing the thoughtful development of this growing field and placed particular emphasis on grant-making such an instrumental role in formulating the foundation’s programs and shepherding its growth for that supports organizational capacity building. I am especially proud of the foundation’s formative 34 of our 40 years. work in helping create the Baltimore Community Foundation and the Association of Baltimore Area Grantmakers. The steady development and growth of these institutions have expanded the reach and impact of local philanthropy. Sheldon Goldseker Through the years, the foundation has been fortunate to be among the earliest supporters of many Chairman other now thriving nonprofits like the Associated Black Charities, Children’s Scholarship Fund, December 2015 Comprehensive Housing Assistance Inc., Healthy Neighborhoods, and the Maryland Food Bank as well as promising newcomers like the Baltimore Corps, Impact Hub Baltimore, and Baltimore’s eritage • Baltimore H ousing P • Baltimore H eritage • Baltimore S tart H ealthy • Baltimore c hoanalysis Promise. On a smaller scale, over the past 15 years the foundation has also made almost 200 Management Assistance Grants to help local nonprofits increase their effectiveness and financial sustainability through improved governance, planning, and professional development. By establishing priorities in grant-making, as the foundation grew, we were able to make an impact in other areas of philanthropy, such as neighborhood development.

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• Baltimore Foundation f or P sy Foundation Food H u b • Baltimore Baltimore etwork • • etwork N mployment E Baltimore • Foundation onomy Ec & y c ien c i Eff Baltimore • rust T holarship Sc ational c du E Baltimore • Corporation evelopment D Baltimore • hool Sc esign D Baltimore • esponse R Crisis Baltimore • revention P y c regnan P and arenting P y, c regnan P ent c doles A on il c Coun Baltimore • Corps Baltimore • ending L Community Baltimore Baltimore Integration Partnership • Baltimore Jewish Council • Baltimore Jobs In Energy Project • Baltimore Medical S ystem • Baltimore Mental Health S ystems • Baltimore Metropolitan Council • Baltimore Montessori Public Charter School • • Baltimore Neighborhood Collaborative • Baltimore Neighborhood Indicators A llian c e • Baltimore N eigh b orhood R esour c e Bank • Baltimore N eigh b orhoods I n c . • Baltimore N ew D ire c tions f or W

President’S Message

n 2013, as I was preparing to assume my new role at the foundation, I received a copy of unrest not seen since the turbulence of the 1960s and an unprecedented level of violence. Even Morris Goldseker’s last will and testament, the instrument through which the foundation Baltimore’s biggest boosters have seen their confidence shaken in the wake of these events, and was created. Imagine my surprise upon reading the very last signatory page and learning those feelings were compounded by a further series of setbacks: the re-emergence of a debilitating that Mr. Goldseker’s will had been executed on the exact day of my birth. It was a remarkable budget deficit within the city school system; a lingering funding dispute and contentious litigation coincidence, one that made me feel an immediate connection to the foundation and that threaten the viability of charter school operators responsible for educating one in six public its continuing mission of supporting the people and institutions of Baltimore, where I school students; and the loss of the potentially transformational project. was born. Of course, the setbacks of 2015 were particularly discouraging, coming as they did after real IThis commemorative 40th Annual Report highlights some of the foundation’s most significant and sustained progress in Baltimore. Just a few short years before the unrest and the drastic initiatives and the hard work and accomplishments of the organizations it has supported across rise in homicides this year, the city had recorded its fewest homicides in more than 30 years. four decades of grant-making. Looking back, I believe it can be fairly said that the foundation The city has seen a sustained reduction in the infant mortality rate overall and a decrease of played an oversized role in helping shape Baltimore’s philanthropic sector and practices, as almost 40 percent in the mortality disparity for black and white babies. And after decades of they have emerged. The foundation’s sustained focus on community development and its early erosion, population and student enrollment levels in the city had recently stabilized, and there and patient support of grantees have forged many lasting collaborations and partnerships were even notable and encouraging pockets of growth in newly resurgent neighborhoods and necessary to bring about important changes and make progress in Baltimore. Through these increasing numbers and varieties of competitive school choices. Broad cross-sector coalitions and partnerships with our colleagues in the philanthropic, nonprofit, public, and private sectors, as well well-executed advocacy efforts had succeeded in leveraging new investments in transportation

as our engagement with communities, the foundation came to develop a grant-making strategy and public school construction and renovation. omen • Baltimore P oli c e Foundation • Baltimore R eads • Baltimore R egional Community D evelopment Corporation • BaltimoreR egional Coun c il that recognizes how the presence of quality schools, ample educational opportunities, and high-functioning and supportive nonprofit organizations is essential to the vibrancy of Baltimore’s This year has been a stark reminder of how tenuous progress can be, particularly when its benefits neighborhoods. The foundation takes genuine pride in its affiliations with so many great people are neither felt nor shared in equal measure. But many of these gains remain to build upon. While and efforts to improve Baltimore and the lives of its citizens, many of which we celebrate in it is a fool’s errand to look for silver linings that trivialize the events of the past year, Baltimore has this report. proven itself to be resilient. Promise can be seen in the way local institutions have rallied. When I consider the potential of a new generation of leaders emerging in the city, who are sensitive to It is a unique privilege to be a small part of the foundation’s history, and it comes with many the structural causes of Baltimore’s challenges but not disheartened by their magnitude, I cannot responsibilities. Established to be a permanent and perpetual resource for Baltimore’s people help but be optimistic. It remains the task of the Goldseker Foundation to continue our mission and institutions, the foundation recognizes that prudent stewardship of its assets is essential, as is of investing in a new generation of leaders who will carry this work forward in ways that could not remaining faithful to the founder’s intent and directives, all while helping develop, encourage, and have been imagined four decades ago but which remain true to 40 years of incremental progress financially support the best and most effective strategies to respond to the changing and evolving to strengthen this city we all love. needs of the times. But beyond these core fiduciary and management duties, I feel a particular obligation to be candid about the enormity of the challenges ahead.

Despite sustained civic efforts across the public, private, and nonprofit sectors, the 40 years that Matthew D. Gallagher comprise the history of the foundation have been an exceedingly tough period for Baltimore President & CEO and its people. The city’s loss of population and wealth left deep-rooted and intertwined public December 2015 safety, education, and health challenges. Baltimore exhibits stubbornly persistent income and employment disparities in comparison to neighboring Maryland counties and the country’s largest cities. These inequalities have limited opportunities for too long and for too many, and we saw the dire consequences in 2015 when Baltimore and its citizens endured a prolonged period of civic

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arly College Baltimore • • College Baltimore H igh Sc hool E arly Sc hool • Bard E lementary c lay c es • Bar & Children’s S ervi Family • Baptist N eigh b orhoods Community Corporation • Banner P u b li c M arkets Corporation P romise • Baltimore’s n L eadership D evelopment • Baltimore’s I nited nited U Baltimoreans • eague L an b r U Baltimore • eague L ate b e D an b r U Baltimore • Center ation c du E alent T Baltimore • hestra c r O ymphony S Baltimore • tation S Baltimore • rts A the or f hool Sc Baltimore • ouse H onald McD onald R Baltimore • artnership P egional R Baltimore • quality E enuine G eveloping D nitiative I egional R Baltimore • overnments G f o Belair-Edison Neighborhoods Inc. • Beth Ja cob Adult Day Care Center • Bethel African Methodist Episcopal Church • Bethel Outrea ch Center • Big Brothers Big Sisters of the Greater Chesapeake • Bikemore • BioTechnical Institute of Maryland • Bla ck/Jewish Forum of Baltimore • Blue W ater Baltimore • Bon Secours of Maryland Foundation • Book T hing o f Baltimore • Boy Sc outs o f A meri c a • BoysG irls Clu b s o f M aryland & • Bromo T ower A rts & E ntertainmentD istri c t • Brooklyn and Curtis Bay Coalition • Bryn M awr Sc hool • Business V

Our Mission 2015 Grantees

Although the focus of the foundation’s grant-making has evolved over time, we have always Afya Baltimore Hamilton Lauraville Main Street sought to honor Mr. Goldseker’s wish that the foundation serve the Baltimore community by investing Associated Black Charities Healthy Neighborhoods in its institutions and people. While we stay true to our founder’s intent, a foundation established The Associated: Jewish Community Federation Humanim to operate in perpetuity must always adapt to meet the challenges of the times. Today, the Goldseker of Baltimore Impact Hub Baltimore Foundation works in partnership with the city’s civic leadership, a well-established nonprofit sector, ABAG Community Investment Affinity Group Ingenuity Project and a growing community of social entrepreneurs to serve the Baltimore community, primarily Audubon Maryland-DC Jewish Museum of Maryland through grant-making in the areas of community development, education, and nonprofit capacity Baltimore Arts Realty Corporation Johns Hopkins University building. At the end of 2015, the foundation held assets of approximately $96.7 million. Baltimore Community Foundation Jubilee Baltimore Baltimore Corps KIPP Baltimore Baltimore Design School Liberty Rec & Tech Center

Baltimore Food Hub Live Baltimore Baltimore Museum of Art Living Classrooms Foundation’s Baltimoreans United in Leadership Development the Crossroads School Total Grants Paid in 2015: $4.1 million

(Johnston Square) Margaret Brent Elementary Middle School Community Development Baltimoreans United in Leadership Development Marian House education (Sandtown) Maryland Food Bank Banner Neighborhoods Community Corporation Maryland Zoo in Baltimore +1466 20 Capacity Building Barclay School Morgan State University Bard High School Early College Baltimore Mount Royal Community Development Corporation Belair-Edison Neighborhoods Inc. NeighborWorks Training Institute Bikemore New Song Community Learning Center Bromo Tower Arts & Entertainment District Newborn Holistic Ministries Central Baltimore Partnership No Boundaries Coalition Central Maryland Transportation Alliance Ours to Own Charles Village Community Benefits District Pigtown Main Street For more information about the foundation’s history, our grantees, and how to apply, please visit our Cherry Hill Development Corporation Rebuilding Together Baltimore website, www.goldsekerfoundation.org, or find us on Facebook (www.facebook.com/GoldsekerFdn) Citizens Planning and Housing Association Recovery in Community and Twitter (@GoldsekerFdn). City Neighbors Charter School Southeast Community Development Corporation Coalition of Baltimore Public Charter Schools Southwest Partnership Community Law Center St. Ambrose Housing Aid Center Community Law in Action St. Francis of Assisi School Comprehensive Housing Assistance Inc. St. Mary’s Outreach Center Creative Alliance Strong City Baltimore

Downtown Partnership of Baltimore Tahirih Justice Center olunteers M aryland • Calvin R odwell E lementary Sc hool • Francis Scott Key Elementary Middle School The Community School Friends of Teach for America Fund for Educational Excellence University of Maryland School of Social Work Girl Scouts of Central Maryland Wolfe Street Academy Hamilton Elementary Middle School Women in Transition evelopment Corporation • • • C EO s f or Cities Charles S treetD evelopment Corporation • Centro de la Communidad A llian c e • Central Sc holarship Bureau T ransportation Forum f or H andi c apped I ndividuals • Central M aryland • Central M aryland artnership

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Central Baltimore P Central Baltimore tage • • tage S Center • riorities P y c oli P and Budget on Center • Families an b r U or f Center • y c oli P outh Y Of tudy S the or f Center • aryland M f o use Ab Child f o revention P the or f Center • earning L ummer S or f Center • olutions S overty P or f Center • hilanthropy P tive c e Eff or f Center • Charities c Catholi • Children ur O For Campaign • ut O Farthest Camp Charles Village Community Benefits District • Cherry Hill Development Corporation • Chesapeake Bay Foundation • Chesapeake Center for Y outh Development • Chesapeake Foundation for Human Development • Chesapeake Planned Giving Council • Chesapeake Shakespeare Company • Child First A uthority • Children’s Scholarship Fund • Citizens Committee for New Y ork City • Citizens P lanning and H ousing A

With a history of investing in ideas to strengthen

year Baltimore and make it a better place to live, work, and 40milestones raise families, the foundation has granted more than $6.2 million to support programs such as Live Baltimore, Family Alliance, and Neighborhood-School Partnerships, to retain our residents and position the city for population growth. sso c iation • Citizens Sc holarship Foundation o f A meri c a • City College Foundation • City N eigh b ors Charter Sc hool • Civi c W tion • tion • in Ac Center • Community L aw • Community I nvestment nstitute L aw sso c iates H ousing A • Community N etwork artnerships orks • Coalition f or L ow I n c ome Community D evelopment • Coalition o f BaltimoreP u b li c Charter

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Baltimore • Community Con f eren c ing Center • Community D evelopment P • Community College o f Baltimore o f M aryland Capital etwork • Community Community • etwork N e c ssistan A Community • nergy E hase c ur P to rganized O Communities • e f i L mprove I to rganized O Communities • quare S Johnston n I ousing H Better For Committee • Foundation CollegeBound • aryland M f o ame D otre N f o College • Corporation Community ello b onte M omestead H Coldstream • rganizations O eninsula P f o Coalition • hools Sc Community Mediation Center at the Safe & Smart Center • Community Residence Center • Community School • Comprehensive Housing A ssistance Inc. • Constant Care Medical Center • Coppin State University • Council For Equal Business Opportunities • Council on Economic Education in Maryland ( Towson State University) • Council on Foundations • Court Appointed S pe c ial A dvo c ates o f Baltimore • Creative A llian c e • Cristo R ey Jesuit H igh Sc hool Cross Country E lementary M iddle Sc hool • Cyl A b urn A r oretum

In 1986, the foundation published Baltimore 2000:

year A Choice of Futures, examining the economic and 40milestones demographic trends confronting Baltimore at the end of the 20th Century. Since that first report, vacant properties, regional transportation, and asset-based community development strategies have been the subjects of occasional papers and media series sponsored by the foundation, as well as opinion pieces written by foundation staff, to contribute to substantive conversations about Baltimore’s future, both its challenges and its opportunities. anagement Corporation • • Corporation M anagement Baltimore S enior Center • E mpower A . M yer b erg N orthwest c h • E dward sso c iation • D evelopment L eadership N etwork • D evelopment T raining I nstitute istri c t E ight mergen y A ssistan c e 10

atino O utrea L atino Based • Ec onomi c s o f Child are P ro j e t EDEN Jo b E du ation Baltimore • Ec onomi c A llian e o f G reater Community D evelopment Corporation or or b ar H ast E • lan P al c edi M Baltimore ast E • nitiative I ational c du E Baltimore ast E • . c n I evelopment D Baltimore ast E • Corporation e c enaissan R undalk D • Corporation evelopment D Community eights H ruid D • Center ailing S owntown D • Baltimore f o artnership P owntown D • e c llian A Family Baltimore owntown D • Care Child Baltimore owntown D • Fund rust T • Enterprise Community P artners • Enterprise Loan Fund • Episcopal Community Services of Maryland • Episcopal Housing Corporation • Esperanza Center • Everyman Theatre • Families Involved Together • Family and Children’s Services of Central Maryland • Family and Children’s Society • Family Tree • Fellowship of treet • FlowerL ights • Fells P oint M ain S treet M art at M ount V ernon • Forest P iation • • sso c iation ittle L eague • Foundationark L ittle f or I nternational Community A ssistan c e • Foundations K ey E lementary I n c . • Fran is Sc ott K ey M edi c al Center • M iddle Sc hool • Fran c is ott

The first distribution of grants by the newly established

year Goldseker Foundation occurred in 1976, and included 40milestones a $50,000 grant to establish a revolving loan fund at Neighborhood Housing Services of Baltimore to strengthen neighborhoods. In addition to that loan fund, which continues to serve Baltimore’s low-income homeowners today, the foundation has provided $2.3 million in operating support and $600,000 in loan guarantee commitments to Healthy Neighborhoods, which at the end of 2015 had made 387 loans totaling more than $57 million in 41 neighborhoods. 12

mprovement A • G len N eigh b orhood I mprovement • G enesis Jo b s irl Sc outs o f Central M aryland and Central M aryland L es b ian, Bisexual, and T ransgender Community Center o f Baltimore • G ay, Baltimore H ousing R esour c e Center • G ather N orthwest G arwyn O aks all • • all b Base eague L ittle L ray G ardenville G • arvest H arden G • hange c x E Funding • Communities le b iva L and rowth G mart S or f etwork N Funders’ • e c ellen c x E ational c du E or f Fund • Foundation Fullwood • hool Sc Friends • ell D ark P yman W f o Friends • ark P atterson P f o Friends • Farm ids K reat G f o Friends • ospital H quare S Franklin • Center an c is c Fran Good Samaritan Hospital Foundation • Good Shepherd Center • Goodwill Industries of the Chesapeake • Goucher College • Govans Economic Management Senate • Govans Ecumenical Development Corporation • Grantmakers for Effective Organizations • Grantmakers In A ging • Grants Management A ssociates • Greater Baltimore Committee • Greater Baltimore Cultural A rts Foundation • G reater Baltimore M edi c al Center Community and Family H ealth Center • G reater BaltimoreS helter N etwork • G reater H omewood Community Corporation • G reater M ondawmin Coordinating Coun c il • G reek O rthodox Counseling and . • N eigh b orhoods I n c . • L eads • H ealthy • H ealth R esour c e O rganization E du c ation Care For T he H omeless • ealth are Coun c il • H ealth W el f and • H ealth Corporation ark R evitalization

Maryland Nonprofits, Business Volunteers Maryland, artnership • H arlem P artnership

year Baltimore Corps, the Economic Alliance of Greater 40milestones Baltimore, and Impact Hub Baltimore are a few of the organizations that have received start-up support from the Goldseker Foundation. The foundation has also awarded 188 Management Assistance Grants to 136 organizations totaling $1.86 million since 2001. Management Assistance Grants provide funds for nonprofit organizations to engage consultants to facilitate initiatives such as strategic planning, program evaluation, merger exploration, and fund development and sustainability. 15

illage M ain S treet • H ar b el f ord R oad P H ampden V illage ampden Family Center • • Center Family ampden H • treet S ain M auraville L amilton H • eague L ittle L amilton H • hool Sc iddle M lementary E amilton H • Chesapeake the f o umanity H or f itat b a H • hool Sc lementary E Falls wynns G • hool Sc ount M reen G • evelopment D reenmount G • nitiative I omes H ealthy H & reen G • Corporation evelopment D Community reektown G • es c ervi S ial c o S Hearing and Speech Agency • Hebrew Free Loan A ssociation of Baltimore City • Higher Achievement • Historic East Baltimore Community Action Coalition • Holistic Life Foundation • Homeless Persons Representation Project • House of Merc y • House of Ruth Maryland • Housing America Through Training • Housing A ssistance Corporation • Humanim • Impa ct H u b Baltimore • I ndependent S e c tor ngenuity P ro j t nitiative I nner City • nternational For A Competitive Baltimore R es c ue Committee • I nvesting n Baltimore • James M osher Base b Committee awyers Clearinghouse • Clearinghouse • L awyers • N etwork P roviders Clu b • L atino • L an c ers Boys Baltimore orean S o c iety o f G reater all • Jewish Caring N etwork - T ikvaH ouse • Jewish Family

In the past two years, we have invested $765,000 in

year innovative talent recruitment, retention, and workforce 40milestones development programs such as Baltimore Corps, Baltimore Food Hub, Humanim, Impact Hub Baltimore, and Venture for America. 16

Baltimore • K K rieger I nstitute • ids on the H ill KIPP Baltimore Center • K ennedy- P earlstone Con f eren c e and R etreat Farm- • K ayam o f Baltimore Junior L eague aryland • • aryland M Central f o hievement Ac Junior • Center Community Julie • Baltimore ilee b Ju • ouse H hey c i R Joseph • nterprises E Falls Jones • Corporation Community Falls Jones • niversity U opkins H Johns • ospital H opkins H Johns • e c For ask T pportunities O b Jo • aryland M f o useum M Jewish • e c Justi or f Funds Jewish • etwork N Funders Jewish • es c ervi S League of Women Voters of Baltimore • Learning Bank of COIL • Learning Inc. • Levindale Hebrew Geriatric Center and Chronic Hospital • Liberty Rec & Tech Center • Liberty/ Randallstown Coalition • LifeBridge Health • Light of Truth Center • Light Street Housing Corporation • Lighthouse Inc. • Litera cy Works • Live Baltimore • Living Classrooms Foundation • L oading D o c k al I nitiatives S upport Corporation • L oyola Blake f ield H igh Sc hool • L oyola U niversity M aryland • L utheran Community Center H ospital o f M aryland • L utheran S o c ial ervi c es o f M aryland • L hnology • • and T e c hnology Center f or A rts c t • M aryland aryland Campus Compa outh • M aryland or Families and Y o f R esour c es or Families sso c iation aryland A c es • M aryland c hoso ial S ervi iation o f P sy sso c iation

Recognizing that strong schools are anchors of strong

year communities, and that children thrive in different learning 40milestones environments, the foundation has awarded $3.8 million to 32 elementary and secondary schools, both public and private. Grants have supported start-up costs for new schools, feasibility studies and strategic plans to expand successful schools, and innovative partnerships to strengthen

aryland A o f H ousing Counselors • M aryland sso c iation neighborhood schools. For example, since 2009, the foundation has funded a Neighborhood-School Partnership in which City Neighbors Charter School, Hamilton Elementary Middle School, and St. Francis of Assisi School work

together with their local community development organization, Hamilton yri c O pera Foundation aryland A outh • M aryland Lauraville Main Street, to enhance educational opportunities for all families in Northeast Baltimore. 19

dults & Y c A dults yslexi

D or or f iates c sso A aryland M • etwork N evelopment D Community & Building sset A aryland M • e c iolen V Family gainst A e c llian A aryland M • ging A the or f ates c dvo A aryland M • es c ien Sc f o ademy Ac aryland M • ouse H arian M • hool Sc iddle M lementary E Brent argaret M • Corporation evelopment D Community ill H le b ar M • rogram P treets S ain M • Maryland Center for Community Development • Maryland Center for Veterans Education and Training • Maryland Citizens for the Arts • Maryland Consumer Rights Coalition • Maryland Disability Law Center • Maryland Education Coalition • Maryland Family Network • • Maryland Food Bank • Maryland Gerontological A ssociation • M aryland • M aryland H istori c al S o iety H ospital E du c ation & R esear c h Foundation • M aryland H umanities Coun c il • M aryland I nstitute College o f A rt • M aryland L egal S ervi c es • M aryland L ow I n c ome H ousing f ormation S ervi c e • M aryland M entoring etropolitan Baltimore • • Baltimore o f M etropolitan sso c iation ealth A H ealth • M ental o f M aryland sso c iation ealth A H ealth • M emorial Chur c h Counseling Center ental o f M aryland o f the S tate c ulty

Believing that Baltimore benefits from a robust philanthropic

year sector, the Goldseker Foundation has a history of investing 40milestones early with both financial and staff resources to nurture regional institutions. In 1978, the Goldseker Foundation was instrumental in initial efforts to help found and grow the Baltimore Community Foundation, including providing start-up and ongoing operating support until the present day. Now almost 40 years later, the Baltimore Community Foundation comprises more than 700 different philanthropic funds with assets of $170 million and has granted over $412 million since inception. In 1983, Goldseker Foundation board chair Sheldon Goldseker served as the first president of the board of the Association of Baltimore Area Grantmakers, which today has a membership of more than 140 private and community foundations, corporations, donor-advised funds, giving circles, and public charities, representing the vast majority of institutional giving in our area. 21

aryland • M edi c al and Chirurgi Fa AN • M eals O n W heels o f Central aryland M arylandC oo in Baltimore • • Baltimore in oo Z aryland M • e c ervi S awyers L olunteer V aryland M • Foundation e c ervi S tudent S aryland M • aryland M Central f o Center evelopment D Business mall S aryland M • Families & Fathers or f etwork N titioners c ra P egional R aryland M • ind M the f o dyssey O aryland M • its f onpro N aryland M • tions c ire D ew N aryland M • artnership P Midtown Academy • Mid-Town Churches Community A ssociation • Midtown Community Benefits District • Midtown Community Fund • Montessori School of Central Maryland • Morgan State University • Mount Royal Community Development Corporation • Mount Vernon Children’s P ark • Mount Vernon Cultural District • Mount Vernon Pla ce Conservan c y • M ovea b le Feast • M urphy H omes I mprovement A sso c iation • M utual H ousing A sso c iation o f Baltimore • M y S ister’s Cir c le N ational A quarium in Baltimore • N ational A orthwest Baltimore Corporation • • Corporation Baltimore G reenmount Community D evelopment Federal Credit U nion • N orthwest Coalition • N orth an Sc hool • N ew b orn H olisti c M inistries o Boundaries sso c iation f or the A dvan c ement o f Colored P eople - Baltimorec h Bran

The foundation has awarded nearly $13 million an M inistries • N ew U r b

year in scholarships for primary, secondary, post- 40milestones secondary, and graduate education for Baltimore’s students since 1976, including more than $5.5 million each to Johns Hopkins University and Morgan State University. At the undergraduate level, the foundation has been the largest philanthropic contributor to Hopkins’ Baltimore Scholars Program since it was created in 2004, and at the graduate level, the Goldseker Fellows Program is Morgan’s largest privately sponsored grant program for graduate students. 22

• N ew S ong Community L earning Center U r b nstitute nstitute I raining T orks W or b eigh N • auraville L reater G f o orhoods b eigh N • nstitute I orhoods b eigh N • es c ervi S ental R orhood b eigh N • Baltimore f o es c ervi S ousing H orhood b eigh N esign Center • • Center esign D orhood b eigh N • t c e j ro P emonstration D ork W o- T hool- Sc ational N • Chapter aryland M - iety c o S lerosis Sc ultiple M ational N • il c Coun revention P Crime ational N • Northwest Baltimore Youth Service • Northwood Baseb all League • NPower Greater DC Region • Omega House • Open Society Institute - Baltimore • O ver-60 Employment Counseling Service of Maryland • Parent Action of Maryland • P ark Heights Community Corporation • P ark Heights Development Corporation • P ark Heights Street Academy • P ark-Reist Corridor Coalition • P

For more than a decade, the Goldseker Foundation’s primary grant- ark Sc hool o f Baltimore • P

year making interests have been in the areas of community development, 40milestones education, and strengthening the nonprofit sector. Though not a primary focus of the foundation’s grant-making, we nevertheless recognize the need, especially in difficult economic times, to contribute to the general welfare

of our community. In the course of the foundation’s history, we have granted arks & P eople Foundation • P more than $15 million to human services programs that care for Baltimore’s most vulnerable residents, including more than $5.5 million to The Associated: Jewish Community Federation of Baltimore. Many other social service organizations have benefited from organizational development initiatives funded with Management Assistance Grants. artners in Care • P atterson P ark Community D evelopment Corporation • P atterson P ark P u b li c Charter Sc hool • P aul’s P la c e • P ea b ody I nstitute o f the Johns H opkins U niversity • P eople

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il • Coun c il • H ill I mprovement • R eservoir & Culture Af ri c an A meri H istory L ewis M useum o f aryland in Community • R eginald F. • R e c overy • R e b uilding T ogether Baltimore • P u b li c Justi e Center umpkin T heatre H ospital • P rovident P ro j e c t PLASE

• • aryland aryland M f o Center e c esour R Bono ro P • t c e j ro P Counseling Bono ro P • aryland M f o iation c sso A id A risoners P • overy c is D ort P • aryland M f o arenthood P lanned P • Corporation rowth rowth G Community ikesville P • t c istri D Business ikesville P • treet S ain M igtown P • roup G omesteading H eople’s P • Center ealth H Community eople’s P • eople P ouraging c n E Roland Park Baseball Leagues • Safe and Sound Campaign • Samaritan Community • Sandtown- Winchester Community Development Corporation • Save Our Cities • SEED Foundation • Sexual Assault Recovery Center • Share Our Strength • Shef a Fund • Shoreb ank Advisory Services • Signal 13 Foundation • Sinai Hospital of Baltimore • Single Carrot Theatre • S isters o f M er c

Statements of Financial Position Statements of a ctivities V o f E xe c utive R etired y • S o c iety December 31, 2015 (Unaudited) and 2014 (Audited) Years Ended December 31, 2015 (Unaudited) and 2014 (Audited)

12/31/2015 12/31/2014 2015 2014 (Unaudited) (Audited) (Unaudited) (Audited)

olunteers • S outh Baltimore Family H ealth Center • S outh Baltimore L earning Center • S outh BaltimoreL eague • S outh E ast Community O rganization L ittle • S outh H ar b or R enaissan c e outheast Community ASSETS Revenue Cash and Cash Equivalents 118,271 115,855 Investment Income 1,456,705 1,312,711 Investments, at Fair Value 96,964,650 102,402,246 Net Gain (Loss) on Investments (1,414,228) 4,837,270 Other Assets 845 30,454 Total Revenue 42,477 6,149,981 Total Assets 97,083,766 102,548,555 Expenses: Program Services: LIABILITIES & NET ASSETS Grants 4,101,635 3,734,443 Accounts Payable and Accrued Expenses – 20,699 Foundation Administrative Expenses Related Deferred Federal Excise Tax 405,890 511,198 to Grant-Making 852,321 857,813 Net Assets, Unrestricted 96,677,876 102,016,658 Total Program Services 4,953,956 4,592,256

Total Liabilities and Net Assets 97,083,766 102,548,555 Supporting Services: General and Administrative Expenses Related to Revenue Activity 412,611 402,810 Provision for Federal Excise Tax 14,692 115,889 The inability of external financial managers to certify year-end asset valuations in time for Total Supporting Services 427,303 518,699 inclusion in this report, for reasons beyond the foundation’s control, will delay presentation of audited 2015 financial statements until later in 2015. In the meantime, we have included Total Expenses 5,381,259 5,110,955 arket • M arket • Bran c h • T he R einvestment Fund S ixth 32nd treet Farmers S o c iety - M aryland y Sc hool • T he LEADER ship O rton an unaudited Statement of Financial Position for your review. Change in Net Assets (5,338,782) 1,039,026 Certain investments are valued as of September 30, 2015, and do not reflect results for the fourth quarter of 2015. The values of these investments at December 31, 2015, could Net Assets - Beginning of Year 102,016,658 100,977,632 be lower than presented above. As soon as certified financial statements are available, they will be posted on the foundation’s website, www.goldsekerfoundation.org, where Net Assets - End of Year 96,677,876 102,016,658 statements for 2014 and prior years may currently be found.

c h For A meri a • T he D oor I nstitute f or Christian and Jewish S tudies Jemi

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ahirih Justi c e Center • T ea T haring Coalition • • Coalition haring S tudents S • Baltimore City trong S • t c istri D ntertainment E & rts A orth N tation S • Center h c utrea O ary’s M t. S • hool Sc ssisi A f o is c Fran t. S • ademy Ac es c Fran t. S • Center id A ousing H rose b m A t. S • isions V outhwest S • artnership P outhwest S • hool Sc Charter Baltimore outhwest S • Center een T outheast S • Corporation evelopment D America • Villa Julie College • Village at Home • Village Learning Pla ce • Walbrook Senior High School • Wide Angle Y outh Media • Wolfe Street Academy • W omen Entrepreneurs of Baltimore •W

Photography: Peter Howard, Jennifer Bishop, Will Kirk•Design:SDYMPrinting:SchmitzPressPhotography: PeterHoward, JenniferBishop,Will

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Symphony Center 1040 Park Avenue, Suite 310 Baltimore, MD 21201 410-837-5100 www.goldsekerfoundation.org www.facebook.com/GoldsekerFdn Twitter: @GoldsekerFdn