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2008 Annual Report

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2008 Annual Report 2008 ANNUAL REPORT 2008 ANNUAL REPORT Table of Contents THE YEAR IN REVIEW . 2 SPECIAL INITIATIVES . 7 LINOWES LEADERSHIP AWards, 1998 – 2006 . 8 DONOR PROFILES . 10 FY2008 AT A GLANCE . 32 FY2008 COMMUNITY FOUNDATION GRANTS PAID . 34 FY2008 DONOR-RECOMMENDED GRANTS PAID . 38 FINANCIAL STATEMENTS . 48 FY2008 DONOR FUNDS . 50 CONTRIBUTIONS $5000+ . 52 AFFILIATES . 56 BOARD OF TRUSTEES AND STAFF . 65 The mission of The Community Foundation for the National Capital Region is to strengthen the Washington metropolitan region by encouraging and supporting effective giving and by providing leadership on critical issues in our community. LETTER FROM THE CHAIR AND PRESIDENT Welcome to The Gift of Giving, The Community Foundation for The Community Foundation may be at the the National Capital Region’s annual report for fiscal year 2008. heart of the region’s giving, but our many generous donors are at the heart of The The Foundation marks its 35th anniversary this year. In 1973, Community Foundation. We are deeply a remarkable group of business, civic and philanthropic leaders grateful to our growing family of donors who came together with a unified vision — to create, in their words, make our work possible. Thanks to these very “a permanent source of philanthropic capital” for the rapidly special individuals, families, corporations, growing Washington, DC region. But how to do it? From the foundations and others, in FY2008 we beginning, our founders felt strongly that this new entity, if it was welcomed a record 105 new funds, bringing to be a true agent of positive change, must be an integral part of The Foundation’s assets to an all-time high the community, with roots running deep throughout the region’s of $383.3 million. While we and our affiliate highly diverse neighborhoods. Thus was born The Community foundations — Alexandria Community Foundation for Greater Washington, as we were known then. Trust, The Montgomery County Community Foundation, and The Prince George’s Community Foundation The Washington metropolitan area has experienced exponential — must, and will, build on this growth, our ability to award a changes that few could have foreseen 35 years ago. The city has substantial number of discretionary grants — $3.2 million in awakened from its Southern-city slumber to become one of the FY2008 — has enabled us to invest in some of the region’s most fastest-growing, most economically and culturally vibrant regions effective nonprofits working on some of our community’s toughest in the country. Our population has exploded and, as a result, our challenges. This figure is just a part of the more than $91 million communities have become progressively diverse, characterized in discretionary and donor-advised fund grants that we distributed by a rich intermixing of races, ethnicities, cultures and faiths. this year in the Washington metropolitan area and beyond. And the region’s philanthropic sector looks very different than it did then, largely due to unprecedented prosperity which, in In these pages, a diverse group of ten Community Foundation turn, has spawned a new generation of givers who have made donors — individual, family, corporate and nonprofit — share innovation, strategic thinking and impact a central part of their with us their remarkable stories. Some, such as M. Charito philanthropy. Kruvant and Fannie Mae, feed the hungry and provide shelter for the homeless. Others, such as Capital for Children and Change brings challenge. With increasing cultural diversity Eugene Steuerle, educate our children and provide support come clashes of ideas and belief systems, misunderstanding services to those devastated by tragedy. And, in a different and miscommunication, and even suspicion among neighbors. vein, Washington’s Shakespeare Theatre Company is building Extraordinary wealth stands in sharp contrast to crushing poverty its endowment by investing with us. In each case, we highlight and a lack of educational opportunities for our young people, an area nonprofit or program supported by these donors’ and the divide between the two has never been wider or deeper. Community Foundation funds. In the end, it’s clear that the Those who are new to philanthropy struggle with how to make math adds up: committed donors + effective nonprofits = a tangible impact on our communities when there are more positive change for our community . nonprofit organizations than ever before and the region’s critical needs are so vast. Indeed, we are a region of givers. Let us not forget that the ability, willingness and passion to give is a gift in itself. We 2008 Our name may have changed since 1973, but our dedication ANNUAL extend special thanks to The Community Foundation’s board REPORT has not. Throughout, The Community Foundation has been at 1 of trustees and to the advisory boards of our three regional the heart of Greater Washington’s philanthropic spirit, bringing affiliate foundations for their thoughtful stewardship and donors, nonprofits, business, government and communities heartfelt commitment. And to all of our friends, colleagues and together to help find solutions to our region’s most difficult partners…as always, thanks for giving. issues. Our work in FY2008 is no different — helping more residents contribute to, and benefit from, our region’s prosperity. How? By investing in education, workforce development, social justice, and fostering regional philanthropy, The Foundation and its three regional affiliates remain leaders in the civic life of our community. Daniel K. Mayers Terri Lee Freeman Chair President FY2008 YEAR IN REVIEW Investing in Community workforce development, two issue areas co-funded by The Foundation’s Community Leadership Fund. The Community Foundation for the National Capital Region is the largest funder of nonprofit organizations in the As part of its growing Philanthropic Advisory Services, The Washington, DC metropolitan area . The Foundation invests Foundation issued its first request-for-proposals on behalf in effective nonprofits throughout the Greater Washington of the Chicago-based William g . McGowan Charitable region, and leverages funds from donors and other funding Fund. Grants support programs and activities that improve partners to help make the dream of change a reality . academic outcomes for low-income youth in the District of Columbia and Prince George’s County, MD. In FY2008, The Community Foundation for the National Capital Region, including its three regional affiliates, awarded Through its Sharing Montgomery Fund, in FY2008 The more than $91 million in grants, again placing it among the Montgomery County Community Foundation (MCCF), a top 10 community foundations nationally for grants paid. Community Foundation affiliate, awarded a total of $256,500 Two institutional records are broken: the number of new to 42 nonprofits largely serving the county’s low-income funds reached 105, and assets now total an institutional children and families. MCCF reports that its overall FY2008 all-time high of $383 .3 million. giving reached a new high of $6 .8 million. The Community Foundation launched The Spirit of Giving The Community Foundation’s new Connections Grants 100, a new giving circle that offers members the opportunity program issued its first request-for-proposals for funding to make grant decisions collectively. At its first session, in the areas of the environment, hunger and poverty, and the group awarded $120,000 in grants to six Washington, violence prevention. Funding is provided by the Starbucks DC-area nonprofit organizations working in the areas of Memorial Fund, the Starr Foundation and others. arts and culture, middle school education, and workforce The Alexandria Community Trust (ACT), a Community development. (see pp. 24-25) Foundation affiliate, continued to support the stability and The Foundation leveraged in excess of $3 million from growth of nonprofits through itsN onprofit Capacity-Building donors, national foundations and local funders to support Grants program. Awards, totaling just over $70,000 in its community leadership agenda of education reform and FY2008, were made in the areas of strategic fundraising A B C D 2008 ANNUAL REPORT 2 A. Spirit of Giving 100 logo B. McGowan Fund RFP C. Connections Grant RFP D. Artists Patrick Crowley and Chum Ngek, grantees of the Creative Communities Fund THE COMMUNITY FOUNDATION AT 35: A CHRONOLOGY December 4, 1973 and Joseph L. Whyte serve as the first board of directors. Initial funders are the Hattie M. Strong Foundation, The Morris and The Community Foundation of Greater Washington is Gwendolyn Cafritz Foundation, the Eugene and Agnes E. Meyer incorporated. Spearheaded by Washington-area philanthropist Foundation and the Cummins Engine Foundation. Henry Strong, The Foundation is founded by a group of prominent business and civic leaders “to provide a permanent source of 1976 philanthropic capital for the Washington metropolitan region.” The Foundation begins operations. Davidson Sommers, Polly Shackleton, The Rt. Rev. John T. Walker E F G H E. The 2007 Celebration of Civic Spirit with, L-R: gala chair George Vradenburg; First Lady Mrs. Laura Bush; Community Foundation President Terri Lee Freeman; Foundation trustee and former Chair M. Charito Kruvant F. PGCF’s 2008 Civic Leadership Award recipients Walter H. Petrie, Hon. Camille Exum, and Major F. Riddick, Jr. G. The Prince George’s Community Foundation’s Civic Leadership Awards H. Four generations of the Simpson family, recipients of ACT’s 2008 Legacy of Giving Award and
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