The Urgency of Excellence
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C Om Pa S S Io N in Ac T Io N
COMPASSION COMPASSION INACTION Greater Worcester Community Foundation 2018 ANNUAL REPORT 935984.indd 1 4/23/19 1:08 PM TABLE OF CONTENTS 2018 Highlights ........................................................................ 2 ON THE COVER Compassion in Action ................................................................ 3 Early learners thrive on creative Each of us has a right to a healthy future. Nuturing Healthy Development ....................................................... 4 play. Tomorrow’s doers, makers, and dreamers are Growing Food Security from the Ground Up .......................................... 6 developing today in high-quality childcare and early Catalyzing Community through the Arts .............................................. 8 learning programs. The Foundation’s Early Childhood A Better Life Begins with the Basics .................................................. 10 Initiative is working with its partners to make such Grant Highlights ..................................................................... 12 programs accessible to all in our community. We are about to launch a major, five-year Named Funds ........................................................................ 16 program with the Worcester Public Schools that Discretionary and Field of Interest Funds ............................................. 16 could become a model for a comprehensive, Donor Advised Funds ................................................................ 17 citywide approach. Formed through a yearlong Scholarship Funds -
An Invitation to Apply for the Position of President
AN INVITATIONAN TO INVITATION APPLY FOR THE POSITION OF PRESIDENTTO APPLY FOR THE POSITION OF PRESIDENT ESTABLISHED 1887, WORCESTER, MASS. CHALLENGE CONVENTION. CHANGE OUR WORLD. TABLE OF CONTENTS Overview . 1 The Institution Today . 4 Schools and Centers . 6 The University Community . 11 Diversity and Inclusion . 16 Campus and Worcester . 17 Governance . 19 Finances . 21 The Next President . 22 OVERVIEW Founded in 1887, Clark is a highly ranked, student-centered, liberal-arts-based research university committed to scholarship and inquiry that reflects its commitment to “challenge convention and change our world” and to address issues of critical importance to society. Clark is located in Worcester, Massachusetts, New England’s second-largest city and home to nine distinct colleges and universities. Worcester has a vibrant and increasingly thriving cultural scene, which includes the world-class Worcester Art Museum, outstanding restaurants, and great nightlife. Clark educates approximately 2,200 undergraduates and 900 graduate students to be imaginative and contributing citizens of the world and to advance the frontiers of knowledge and understanding through rigorous scholarship and creative effort. These core assets will serve as a foundation for the next president. Building on these strengths, the incoming president can complement each other and contribute to Clark’s will work to continue to: raise the University’s profile on unique identity and market position. Passionate about both the national and international stages; enhance and the benefits of a close-knit and highly interdisciplinary ensure Clark’s financial stability; engage and support a learning environment, the next president will be an talented and capable leadership team; and develop and active and accessible member of the community, execute the University’s next strategic plan, which will frequently interacting with constituencies both on place a strong focus on building upon Clark’s distinctive campus and outside the University. -
Bringing the Campus to the Community: an Examination of the Clark University Park Partnership After Ten Years
Bringing the Campus to the Community: An Examination of the Clark University Park Partnership after Ten Years John Brown Jacqueline Geoghegan © 2007 Lincoln Institute of Land Policy Lincoln Institute of Land Policy Working Paper The findings and conclusions of this paper are not subject to detailed review and do not necessarily reflect the official views and policies of the Lincoln Institute of Land Policy. Please do not photocopy without permission of the Institute. Contact the Institute directly with all questions or requests for permission. ([email protected]) Lincoln Institute Product Code: WP07JB2 Abstract This case study examines a campus-community partnership conducted by Clark University, the University Park Partnership. Since 1995, this partnership has focused on improving educational opportunities and other neighborhood amenities for residents of the target zone. The study compares developments in the market for housing inside and outside of the target zone after establishment of the partnership. Although the turnover of properties changed little, owner-occupancy within the target zone increased substantially. Evidence from repeat-sales indices and hedonic analysis of the sales prices of homes points to a significant capitalization of benefits within the target zone. About the Authors John C. Brown is a Professor of Economics and teaches in the Urban Development and Social Change Concentration at Clark University. His affiliations include the NBER and the Leverhulme Center for Globalisation and Economic Policy. He received his Ph.D. from the University of Michigan in 1987. His research interests are in historical urban and international economics. He has researched housing, labor markets, public health and demographic change in the context of rapid urbanization. -
2009 Annual Report 1 Year in Review
ANNUAL REPORT 2009 LOOK AHEAD Total Assets $110,601,721 Contributions to new & existing funds $ 1,890,087 Contributions Received Investment returns 24.6% Grants and Scholarships Awarded $3,807,506 Number of grantee organizations 357 Number of new funds 8 Total named funds 432 Approved Grants by Broad Category Total Awards $3,807,506 Arts & Culture $591,360 Human Services $1,283,046 Community Development & Religion $344,558 Grants & Scholarships Approved Education Health (includes scholarships) $440,596 $898,197 Environment $249,749 Contributions Number Number of Gifts 1038 Number of Donors 865 Largest Gift $250,000 Smallest Gift $5 Total Gifts $1,890,087 Total Assets Funds by Type (millions) Total market value $107.3 million Scholarship Agency $10.1 $11.8 Committee Advised $2.5 Designated $12.9 Field of Interest $34.0 Discretionary $22.2 Donor Advised By the Numbers $13.7 as of 12/31/2009 LETTER TO OUR COMMUNITY Dear Friends, Once more, we report on a challenging year in which we continued adapting to a turbulent economy. Once again, our model as a community foundation proved its resilience. Although in 2009, donations were the lowest in a decade, the Foundation distributed in excess of $3.8 million in more than 1,000 grants. Your funds have created an endowment that sustains robust grantmaking even in a year of volatile markets and declining gifts. We focused on nurturing our assets, which include not only our endowment but also the depth and reach of our relationships within our city and region. These resources enable us to serve our donors and nonprofits well in times of uncertainty.