MORE BaltiFOR mo re

Baltimore City Foundation Annual Report 2015 EDUCATION. OPPORTUNITIES. EMPLOYMENT. EXPERIENCES. SERVICES.

hese have been very Throughout the years, we have made it challenging times for our mission to bring More for . Baltimore City, but with It is my privilege to represent the the commitment and Foundation, along with our dedicated T spirit of our residents, Board of Directors and be able to our city can shine. This year more share details about the programs than ever, we need More for Baltimore. and services that invigorate our city. The goal of the Foundation has In this report, please read about the always been to enhance and enrich great work each program contributes the quality of life for all citizens of Lenwood Ivey, Ph.D. that help our community flourish. Baltimore. For it is the people who Thanks for your support so we can make up a great city. By encouraging continue to create More for Baltimore . the fullest potential of the men, It is your generous contributions women and children of Baltimore, that enable the Foundation to fund Sincerely, our city is strengthened . EDUCATION. valuable resources that provide OPPORTUNITIES. EMPLOYMEN T. opportunities for our Baltimore EXPERIENCES. SERVICES. These are neighbors. When our residents Lenwood Ivey, Ph.D., President the pillars that lead to a bright future. benefi t–our city benefits. Baltimore City Foundation Inc.

MORE BaltiFOR mo re 2015 FOUNDATION CONTRIBUTIONS

Academy for College and Career Exploration (ACCE ).. $15,000 Cristo Rey Jesuit High Schoo l...... $15 ,000 Supported activities for designation of a “Green School” Supplied resources for its college preparatory program and provided related learning experiences for students East Baltimore Community Corporatio n...... $1,000 Advocates for Children & Yout h...... $10,000 Supported “Stepping It Up for Youth and Families” Provided communication materials for at-risk students Enoch Pratt Free Librar y...... $10,000 Baltimore Neighborhoods, Inc ...... $3,000 Supported summer reading programs for youth, Supported Fair Housing Children’s Book Project from pre-school ages through teens to teach about fair housing rights and diversity National Jazz Institute Baltimore Tree Trus t...... $ 5,000 and Cultural Cente r...... $ 5,000 Supported YouthWorks summer jobs “Green Teams” to teach Helped fund The Urban Choral Arts Society program horticulture and beautify two East Baltimore neighborhoods Grace Presbyterian Church ...... $ 5,000 Big Brothers Big Sisters of the Greater Chesapeak e... $15,000 Supported summer cultural/education enrichment Supported building mentoring relationships with city youth activities, including field trips and computer literacy Bnos Yisroel of Baltimor e...... $ 5,000 House of Ruth ...... $10,000 Helped fund need-based scholarships to students Provided services for violence victims and their families Bon Secours Community Work s...... $10,000 Institute of Notre Dame ...... $10,000 Supported its Youth Employment and Entrepreneurship Helped support a Bridge Program to prepare middle school Program (YEEP) for disadvantaged youth ages 14-21 students for success in high school Boys Hope Girls Hope of Baltimore ...... $10,000 Irvine Nature Cente r...... $10,000 Helped create a supportive environment for young people Supported urban outreach programs for city students to learn about the natural world Camp Success ...... $5,000 Enhanced the culture of Baltimore’s underprivileged children It’s About the Kids Education Organization ...... $ 5,000 Caroline Center $15 ,000 Provided financial literacy, health and wellness services, ...... and STEM program for underserved young people Provided scholarships for training of certified nursing assistants and pharmacy technicians J e w i s h M u seum of Marylan d...... $10,000 Christ Child Society of Baltimor e $5,000 Funded education programs for students ...... The Family Tree Mercy High School Supported the “Stay Ahead! Soar Through Summer Marian House ...... $15,000 and Read!” program through the purchase of books H e l p e d s u p p o r t o n -s i t e f a cilitator to assist homeless women A g e n e r o u s $ 1 0 , 0 0 0 grant from the Baltimore City mothers, fathers, and Thanks to a $2,500 gift received Citizenship Law Relate d Education Program ...... $ 5,000 Humanities Council ...... $ 5,000 Baltimore City Foundation supported caregivers build skills, get support from the Baltimore City Foundation, Supported Law Links by providing paid internships S u p p o r t e d “ O n e M a r y l a n d One Book (OMOB)” author tour the Enoch Pratt Free Library’s popular and connect to needed resources by Mercy High School was able to send City Step s...... $10,000 Mercy High School ...... $ 2,500 Summer Reading Program. This participating in a 1 0- week Positive eight students to three different Provided supportive housing to homeless youth Provided leadership development opportunities for students i n c e n t iv e a n d t h e m e-based reading Parenting Program. A $5,000 grant leadership development opportunities Community Relations Commissio n...... $5,000 Mother Seton Academy ...... $10,000 program is designed to decrease from the Baltimore City Foundation in the summer of 2015. In addition, Provided education on civil and human rights Provided challenging and engaging academic programs to middle school students the effects of “summer slide” – the helped support this highly engaging the entire junior and senior classes loss of literacy skills that often take program, designed to support participated in an off-campus day New Genesis Total Praise Center, Inc...... $ 5,000 Funded supplies for Baltimore’s most vulnerable families place when school is not in session. families by teaching positive parenting of community service. Children and teens who experience practices, communication skills, Northeast Youth Association ...... $ 5,000 Helped to sponsor five youth football teams summer slide return to school two problem solving, stress and anger for youth, seven to 13 years of age months behind. Conveniently offered management, and child safety Paul’s Plac e...... $10,000 in each of the Pratt’s 22 locations, and development. Provided nutritional meals for Baltimore City summer reading activities help foster low-income families a lifelong love of reading. More than Sisters Academy of Baltimor e...... $10,000 Helped fund instructional support for middle school girls 11,000 students read nearly 9,000 MORE in a nurturing and challenging environment b o o ks over 1.5 million minutes. South Baltimore Learning Center ...... $10,000 This would not have been possible FOR Provided functional literacy and career preparation services w i t h o u t t h e F o u n d a tion’s support. St . John AME Church ...... $ 2,000 Helped families during the holidays with food and supplies S t a r - S p a n g l e d B anner Flag House Balti Sta r- Spangled Banner Flag House ...... $ 1,000 Provided free education to Baltimore residents T h e F o u ndation’s grant support of The Family Tree ...... $ 5,000 $1,000 provided free educational COMMUNITY AND Helped parents and caregivers with skills and resources s e r v i c e s t o 7 0 0 Baltimore City YOUTH PROGRAMS mo re Tuerk House ...... $10,000 residents. Additionally, the Star- These valuable community Contributed funds for renovation of aging facility S p a n g l e d Banner Flag House was and youth-oriented programs and services described throughout this booklet Vehicle s for Chang e...... $ 5,000 able to increase off-site engagement provide resources for enriching the lives of city residents of all ages. Through Supported the “One Baltimore For Jobs” training program in the community by 60 percent since education, experience, career exposure, skill-building opportunities, discovery, 2014 to further educate participants. and much more, we can all contribute and help create More for Baltimore .

Community Programs > BALTIMORE CITY FOUNDATION 3 Camp Success EDUCATION. The Baltimore City Foundation’s gift of $5,000 enabled 35 under- OPPORTUNITIES. privileged children to enhance their culture through fine arts and field EMPLOYMENT. trips throughout the Baltimore area. Some of the field trips to exciting EXPERIENCES. destinations included: the National Great Blacks in Wax Museum and Historic Tour, the American Visionary SERVICES. Art Museum, the Arena Players, Skate8Zone, North Arundel Swim Baltimore Neighborhoods Mother Seton Academy Advocates for Children and Youth Club and Stoneleigh Bowling Lanes. Baltimore Neighborhoods’ Fair Housing The $10,000 gift from the Foundation With a generous $10,000 Baltimore In addition to the cultural enrichment Children’s Book Project, an exciting enabled Mother Seton Academy, City Foundation grant, Advocates trips, this program participated in the new education project designed to help a tuition-free, co-ed, independent for Children and Youth was able to Urban Storybook Project where each Maryland children and their families Catholic middle school, to provide develop communications materials camper published their own book. start meaningful dialogues about engaging academic programs to those about police interactions with Camp Success was able to make a fair housing rights and diversity, was with the greatest needs. Funds were students to improve the school difference and improve the quality launched by the Maryland Commission used for after-school programs, which climate. Research was conducted, of life for city children. on Civil Rights (MCCR) in 2015. The included a cooking and nutrition infographics developed, and a video project uses the acclaimed children’s class, dance class, fitness program, was produced. The infographic South Baltimore Learning Center City Steps Bnos Yisroel of Baltimore book The Fair Housing Five & the cultural awareness club and clay art highlights facts about school-based The Foundation’s generous $10,000 City Steps is a program of AIDS The Baltimore City Foundation’s grant Haunted House , written by the Greater class. The extended day program arrests, the detrimental effect on contribution helped South Baltimore Interfaith Residential Services (AIRS) of $5,000 helped to provide need-based New Orleans Fair Housing Action Center. helps students express themselves, student outcomes and alternative Learning Center, a community-based that provides supportive housing to scholarships to students at this Jewish The book is about a diverse group of challenge their imaginations, build discipline practices. The video outlines organization providing functional homeless youth. As a result of the day school located in Baltimore City. friends who work together to keep their leadership, confidence, teamwork creating a positive school climate literacy and career preparation services, generous $10,000 contribution from This support complemented funding, community open to all, after they find and persistence. where students are held accountable fund six adult literacy classes the Foundation, the program was able which allowed Bnos Yisroel to give that a landlord in their neighborhood for their behavior to avoid the school- held off-site at partner locations. to purchase appliances for the food scholarships to 299 of its 480 students , is discriminating. It has been used Academy for College and to-prison pipeline. The goal is to These classes helped educationally pantry, conduct cooking classes for totaling $1.1 million. Career Exploration (ACCE) throughout the country to provide simplify the information so the com - disadvantaged Baltimore City adults residents at Restoration Gardens Thanks in part to a $15,000 Citizenship Law Related young people and their families with munity will be empowered to advocate move closer toward their goal of and support other City Steps Baltimore City Foundation grant, Education opportunities to engage in discussion for an improved school environment earning a high school diploma for programs and support services ACCE, a Baltimore City public A $5,000 Foundation grant supported and activities related to themes from for Baltimore City students. a successful future. for Baltimore City. middle/high school operated by all facets of the Law Links Internship. the book including discrimination, the Mayor’s Office of Employment Comprised from nine Baltimore City fairness and equity. Along with other Development and the high schools, 22 students were hired resources, the Foundation’s $3,000 Institute for Policy Studies was to work in law firms and law-related grant helped support this initiative. able to sustain its status as a agencies for summer internships. Cristo Rey Jesuit High School “Green School. ”The funds helped Wearing professional attire provided The Foundation’s grant of $15,000 support the Summer Green Academy, by Ann Taylor and Jos. A. Bank, they to Cristo Rey Jesuit helped secure part of Baltimore’s YouthWorks participated in the Law & Leadership important resources for students summer jobs program, engaging Institute, which included orientation including books, magazines, and students in a five-week gardening days and weekly seminars. The interns online subscriptions. Additionally, the and farming experience. The grant also traveled to Washington, D.C. to funds enabled Cristo Rey to purchase supported a summer coordinator, as visit the National Museum of Crime uniforms, sneakers and equipment well as gardening tools, soil, seeds, & Punishment and the Newseum, as for their athletic teams. As a college plants, and related field trips. ACCE well as CityWatch, Juvenile Court and preparatory school for students from was also able to retain a master the Circuit Court for Baltimore City. disadvantaged neighborhoods, these gardener for another year. This year- Speakers for the weekly seminars resources are vital to the school’s round gardening consultant ensures included chief judges and many mission. To date, 100 percent of oversight and maintenance of gardens well-respected attorneys and legal Cristo Rey Jesuit graduates have been and is a valuable resource for teach - professionals from the Baltimore accepted to colleges and universities. ers for green curriculum inclusion. City community.

4 BALTIMORE CITY FOUNDATION > Community Programs Community Programs > BALTIMORE CITY FOUNDATION 5 Sisters Academy of Baltimore Bon Secours Community Works A generous $10,000 grant from the The Baltimore City Foundation’s Baltimore City Foundation helped $10,000 grant supported its Youth provide instructional support for Employment and Entrepreneurship Sisters Academy of Baltimor e – an Program (YEEP) to keep disadvantaged independent, Catholic middle school youth ages 14-21 learning and earn - for girls. All of the students in its first ing throughout the summer of 2015. four eighth-grade graduating classes Participants benefited by engaging have now received their high school in an exciting, educational eight diplomas, with 88 percent of those week program with a paid internship graduates attending two- or four-year experience. In this program, they colleges and universities. In 2015 were exposed to career exploration, Sisters Academy of Baltimore received job readiness, financial literacy and full accreditation through the Associa - leadership training. tion of Independent Maryland Schools. Baltimore Tree Trust Eubie Blake National Jazz Thanks to a $5,000 grant from the Institute and Cultural Center Foundation, the Harris Creek Green Thanks in part to a $5,000 grant Team 2015 Project successfully from the Foundation, the Eubie Blake supported the supervision of two National Jazz Institute and Cultural summer youth crews (Green Teams) Center offered a full range of activities to care for newly planted street trees Jewish Museum of Maryland Caroline Center for youth and families from Baltimore’s in the McElderry and Ellwood Park Thanks in part to the Baltimore City The Baltimore City Foundation’s diverse communities. In 2015 the neighborhoods of East Baltimore. Foundation’s generous $10,000 gift, generous $10,000 grant to Caroline Center established The Urban Choral The Green Teams weeded and more than 2,500 students participated Cente r – a nonprofit workforce Arts Society, a new mentoring program mulched young trees and learned in on-site education programs including development program providing for youth in vocal music. The students how to inventory, measure and map the Immigrant Experience and Introduc - scholarship-based education and presented a series of recitals and trees for a street tree inventory. Field tion to Judaism. An additional 2,445 career skills training for underserved concerts that are open to the public. trips were also arranged to expose students were able to experience women in Baltimor e – helped to In addition to the Summer Youth participants to horticulture programs the Jewish Museum of Maryland’s prepare more highly capable women Cultural Arts Program, the center including greenhouse management, education programs in classrooms by for sustainable careers as certified also coordinated dance programs, landscape design and turf manage - learning about immigrants’ journeys nursing assistants and pharmacy jazz jam sessions, art exhibitions, ment, environmental remediation, and hands-on archival explorations. technicians. Caroline Center is presentations, and public lectures. and home weatherization. The young helping to create significant people were attentive in learning Boys Hope Girls Hope Northeast Youth Association academic and career advancement about aquaponics, green and cool of Baltimore The Foundation’s $5,000 gift enabled opportunities for Baltimore women. roofs and brownfields assessment. A $10,000 Foundation grant provided the Northeast Youth Association to each young BHGH participant with food, sponsor five Pop Warner Little Scholars East Baltimore Community Success Stor y clothing, books, nurturing support, football teams for youth, ages seven to Corporation leadership development programming 13. In addition to athletics, participants The Baltimore City Foundation’s D.W., a teen mother, participated in Bon Secours and experiential opportunities to help learned the value of teamwork and $1,000 grant supported the 9th them succeed. Emerging from situa - commitment. All teams enjoyed the Annual Resource Fai r – Stepping It Up Community Works’ summer Youth Entrepreneurial tions of poverty and abuse, program opportunity to participate in the for Youth and Families, located at and Employment Program (YEEP) in 2015. participants moved into family-style, Maryland State playoffs. the Juvenile Justice Center. The goal When D.W. first started, her intentions were to gain basic employment non-institutional homes in Baltimore of the Annual Resource Fair is to experience to enhance her résumé. But she gained much more. Her Cit y – living there year-round through Paul’s Place disseminate resource information interpersonal communication skills improved and D.W. became more high school graduation. They emerged Baltimore City Foundation’s generous citywide to youth and families positive. At YEEP, she received job readiness training, financial literacy with the skills, tools and confidence contribution of $10,000 to Paul’s Place related to employment opportunities, education, and gained valuable paid work experience as a greeter in as rebuilders of healthy and productive helped to provide more than 58,000 educational services, counseling Bon Secours Hospital’s Emergency Room. She arrived promptly each communities. BHGH programming is meals and emergency food assistance and other supportive services in order day of her internship and greeted patients and guests with enthusiasm. designed to end the intergenerational to more than 600 people in 2015. The to divert youth and families from the D.W.’s work supervisor said she would consider her a prospective cycle of poverty by nurturing students hot lunch program addresses immedi - child welfare and delinquency system. candidate for a full-time position at the hospital. As a result of her to be successful in school, graduate ate hunger needs and offers a starting More than 500 people participated, college and become outstanding point for individuals to access other and four youth obtained valuable YEEP experience, D.W. successfully completed her first semester at citizens of our community. vital resources to improve their lives. college scholarships. trade school and is exploring a future career in business management.

6 BALTIMORE CITY FOUNDATION > Community Programs Community Programs > BALTIMORE CITY FOUNDATION 7 Youth Works SUMMER JOB S LAUNCH CAREERS BALTIMORE CITY RESIDENTS, AGES 14 TO 21 HAVE THE OPPORTUNITY TO PARTICIPATE IN YOUTHWORKS, A SUMMER JOBS PROGRAM THAT BENEFITS EMPLOYERS, YOUNG PEOPLE, AND THE CITY OF BALTIMORE.

How you can help: PLEASE CONSIDER SUPPORTING YOUTHWORKS AND THE FUTURE WORKFORCE OF BALTIMORE IN ONE OF THE FOLLOWING WAYS: Make a financial contribution to the Baltimore City Foundation: Tax-deductible financial donations to the Baltimore City Foundation/YouthWorks are used to support the wages of YouthWorkers. It costs $1,500 to fund each participant in a five-week summer job, but donations of any amount are appreciated and will help YouthWorks continue to do what it does so well. Donations can be made online YouthWork s–more for Baltimore’s businesses and youth at www.baltimorecityfoundation.org/Donate.html , or checks can be made payable to Baltimore City A summer job is something that most youth following the unrest in April 2015 – especially since Foundation/YouthWorks and mailed to the Mayor’s Office can relate to because of the personal impact it made on 8,000 young people, ages 1 4-21, completed the registration of Employment Development, 101 W. 24th Street, our lives as we transitioned to adulthood, the discipline we process. Thanks to a swift and overwhelming response Baltimore, MD 21218. learned, and the unique satisfaction of earning a paycheck. from foundations, privat e - and public-sector employers, and In Baltimore we can be proud that our local government caring individuals, Baltimore was able to create and fund an THANKS to those who have already contributed to support leaders have recognized the value of summer jobs for many additional 3,000 summer jobs in fewer than two months. It YouthWorks. If you wish to donate, there is still time. years and rallied communities, businesses and residents took a lot of hard work by the Mayor’s Office of Employment Serve as a YouthWorks worksite: to operate YouthWorks – one of the top programs in the Development to match the YouthWorkers to the five-week YouthWorks also relies on the commitment of nation – and annually offer employment to at least 5,000 job opportunities, but all those that registered were indeed government agencies, community groups and other youth and young adults. offered a summer job. nonprofits to serve as worksites, providing work-based The 2015 story illustrates how Baltimore’s summer jobs learning, supervision and mentoring. Organizations program is a prime example of a public-private venture that ACCESS TO A JOB IN THE SUMMER AND that wish to serve as 2016 YouthWorks worksites works. Hire One Youth, YouthWorks’ private-sector component, BEYOND CAN MAKE ALL THE DIFFERENCE can sign up online at youthworks.oedworks.com . grew as businesses continue to value hiring younger workers ‘‘TO A YOUNG PERSON –ESPECIALLY to prepare for a workforce that will be comprised of a near Become a Hire One Youth employe r: THOSE WHO DON’T HAVE ACCESS TO majority of millennials by the year 2020. Organizations want The Hire One Youth campaign encourages Baltimore MANY RESOURCES AND OPPORTUNITIES .” to be affiliated with a winner like YouthWorks. Not only do employers to join the city in creating valuable summer President Barack Obama the young people develop essential workplace skills and employment opportunities for Baltimore’s teens by ― employers gain good employees, but Baltimore’s neighbor - hiring at least one young person through YouthWorks. Therefore, YouthWorks was immediately identified as hoods also improve and the city experiences an economic To learn more about Hire One Youth and sign up, a logical way to expand positive opportunities for the city’s stimulus from the millions of dollars in salaries spent locally. please visit baltimorecity.gov/HireOneYouth.

8 BALTIMORE CITY FOUNDATION > YouthWorks YouthWorks > BALTIMORE CITY FOUNDATION 9 Maryland Humanities Council Christ Child Society of Baltimore The Baltimore City Foundation’s The Christ Child Society of Baltimore’s $5,000 grant will be used to support generous $5,000 grant from the the One Maryland One Book (OMOB) Foundation was used to purchase author tour event for Baltimore books for the summer reading program, City students in September 2016. “Stay Ahead! Soar Through Summer A presentation will be made by and Read!” Books were distributed Jason Reynolds and Brendan Kiely, throughout Baltimore City to authors of the OMOB book selection partnering organizations of CCSB. All American Boys, to 300 students. Additionally, the funds supported the They will receive a copy of the book Book Buddy Program where CCSB and have the opportunity to meet the participants read to students and authors, ask questions, and have their give them a book. book signed. OMOB is a statewide community-reading project, bringing St. John AME Church together diverse groups of Marylanders The Baltimore City Foundation’s $2,000 gift helped provide Thanks- to share a common reading experience It’s About the Kids Education giving baskets to seniors and families Institute of Notre Dame and have meaningful conversations Organization at the Sarah’s Hope Shelter. Funds In 2015 the $10,000 grant from about critical issues. In 2015 the $5,000 Foundation’s were also used to help more than the Baltimore City Foundation helped the Institute of Notre Dame provide a grant helped It’s About the Kids Vehicles for Change 25 families and 76 children with food, Bridge Program for students who need Education Organization serve 2,900 The Baltimore City Foundation’s toys and clothing during its Christmas reinforcement of skills in English and young people in underserved Baltimore generous $5,000 gift helped to Outreach. A family Christmas dinner Marian House Big Brothers Big Sisters math before attending high school. City communities free of charge with supplement funding provided through was held, where parents also received Marian House, a comprehensive of the Greater Chesapeake Twenty-four students from a variety projects of financial literacy, health and the Baltimore City-administered One vouchers for food. Also, children and housing and rehabilitation program for BBBSGC provided life-changing men - of middle schools in the Baltimore wellness, reading, and environmental Baltimore For Jobs grant and other seniors received a package containing homeless women and children located toring to 541 Baltimore City children metro area participated in the education. In addition, a program in sources to support Vehicles for necessary toiletries. in Better Waverly, benefited from a and youth with a $15,000 grant from program. Workbooks and reading Science, Technology, Engineering, and Change's Full Circle Service Center. $15,000 grant from the Baltimore City the Baltimore City Foundation and Grace Presbyterian Church materials were given to English class Mathematics (STEM) was developed. The center provides paid automotive Foundation. The funding was used to support from other partners. As a The Foundation’s financial contribution participants. Funding also supported The programs continue to be served in technology training to Baltimore City help support a counselor and group result, 85 percent of the mentees of $5,000 supported the church’s stipends for English and math teach - an efficient and cost-effective manner. residents, focusing on men and women facilitator on-site at Marian House. improved their youth development Summer Fun Enrichment program. ers. Students not quite ready for a just released from prison. Throughout Community Relations This licensed professional was an outcomes and 82 percent achieved Students enriched their lives with high school curriculum were able to the 17-month grant award period, VFC Commission invaluable resource by providing better academic performances. cultural/educational activities, outdoor get a head start and acclimate to the will continue to help 24 city residents Each year the Office of Civil Rights individual therapy and group therapy BBBSGC partnered with the city, local activities, swimming, computer literacy rigors of high school, which will help gain full-time employment. and Wage Enforcement focuses on the sessions to help homeless women organizations, businesses and faith services and field trips. to ensure their success. communities to recruit additional current state of civil and human rights overcome trauma, develop positive life Tuerk House volunteer mentors. This led to a in our nation and region. Thanks in skills and achieve independent living. Tuerk House provides residential drug sizeable increase in the ability to part to a generous $5,000 grant treatment services in a 7 2- year-old Irvine Nature Center mentor a greater number of vulnerable from the Baltimore City Foundation, former hospital in dire need of updating. Thanks to a $10,000 Foundation grant young people. In 2015 a significant 80 students and adults attended a The $10,000 Baltimore City Founda - to Irvine Nature Center, students are 210 new matches were made with special workshop on race relations tion grant provided critical matching improving math and science skills the support of the Foundation’s gift. that included remarks by civil rights funds for the design/startup phase while learning about the natural world. attorney, Barbara R. Arnwine. of a multi-million dollar renovation. The center’s programs include a two- House of Ruth The renovated facility upgrades and New Genesis Total Praise Center year environmental partnership with The Baltimore City Foundation’s enhancements will provide cutting-edge Thanks to the funding of $2,000 from Hamilton Elementary/Middle School $10,000 gift helped House of Ruth treatment to some of Baltimore’s the Baltimore City Foundation, New to teach students about the world Maryland serve 8,664 intimate partner most vulnerable citizens. Thanks to Genesis Total Praise Center was able around them and how they can make violence victims, 536 children and the generosity of the Foundation and to make a difference to impact the a difference. The funding supported 8,000 community members. These other supporters, Tuerk House will be lives of our most vulnerable families the ability to deliver outreach programs services include emergency shelter, able to provide the finest facilities and in the Franklin Square community. about the , animals legal advocacy, counseling, and service highest standard of comprehensive Participants were provided with school and nature to Baltimore City School coordination. House of Ruth also care from inpatient to transition to supplies, clothing, food, and the students. City school teachers partici - provided intimate partner violence outpatient care, as its staff works to basic necessities that every family pated in professional development education for employers, parents, treat the whole patient. should have. activities as well. abusive partners, family and friends.

10 BALTIMORE CITY FOUNDATION > Community Programs Community Programs > BALTIMORE CITY FOUNDATION 11 THANKS FO R YOUR GE NEROUS DONA TIONS TO YOUTHWORKS

$50,000 AND ABOVE $500 - $2,499 Individuals Dorothy L. Bryant 100+ JOBS Keswick Multi-Care Center Businesses/Organizations Businesses/Organizations Zollie D. Bagby Albert & Sherrie Baltimore City Department Inc./ Maryland Stadium Authority Archdiocese of Baltimore American Sugar Refining Inc. Leon Bailey Buckingham of Housing and Cross Street Market McCormick World of Flavors Baltimore Casino Local Ayers/Saint/Gross Inc. Barbara Baxler Norman & Lisa Burke Community Marriott Baltimore McGuireWoods LLP Development Council Baltimore Chapter of the Booker T. Benjamin Mark Cannon Development (DHCD) at Mouth Party LLC Baltimore City Mayor and Continental Societies Inc. Janet Blair Kina L. Carey Melvin The Johns Hopkins Camden Yards Naturally Leavened City Council Correct Rx Pharmacy Karen Blood Teresa L. Carmosino Health System and Maryland Institute T/A Atwaters Kaiser Permanente Fund Services Inc. Benice Bradley Doris W. Coleman-Brown the Johns Hopkins College of Art (MICA) Office of Congressman for Community Benefit Douglas Memorial Community Linda Breaker Dana Coliano University Maryland Transit John Sarbanes Maryland Governor and the Church Joan Lisa Bromberg S. Cooper Administration Office of Congressman State of Maryland Eastern Savings Bank Linda Brown Rivelis Kari J. Coughlin O’Donnell 50 - 99 JOBS Municipal Employees C.A. Dutch Ruppersberger Maryland State Department Edwards & Hill Office William C. Calhoun Paulette Louise Baltimore City Department Credit Union (MECU) Radio One of H uman Resources/ Furniture John S. Cassell Jr. Davis-Williams of Public Works Royal Sonesta Rosedale Federal Savings Baltimore City Department Harbor House Group LLC Marvin Louis Cynthia DeLeaver-Coats Baltimore City Public Harbor Court & Loan Association of Social Services John Meyerhoff and Lenel Cheatham Sr. Toni Duggan School s–Office of Schuster Concrete Schlachman, Belsky & Maryland State Department Srochi-Meyerhoff Fund Andrea Cisco Henry Emurian Learning to Work Construction Weiner P.A. of Labor, Licensing Maryland Healthcare Clinics Amy Cohen Rebecca Fayssoux Papa Martin’s Caterers Inc .– St. Ambrose Housing Southway Builders Inc. and Regulation Maryland Municipal Joan Conway Erika Gaines B. Green Aid Center Sue Ann’s Office Supply Inc. The Annie E. Casey Employee Local #44 Dick & Karen Cook Lewyn Scott Garrett The French Companies Inc. The Abell Foundation Inc. Foundation Maryland Public Denise Crute Mable L. Gordon 10 - 49 JOBS Visit Baltimore The Best Battery The Bank of America Employee Council #67 Amina D. Cynthia Hardy Baltimore City Offices, Wells Fargo Bank N.A. Company Inc. Charitable Foundation Inc. Maryland Transit Wilma H. Davis Adrian Harpool Division of The Charmery The Harry and Jeanette Communication and Aimee de Pontbriand Gladine Harvey Rehabilitation 1 JOB The Classic Catering Payroll Deductions of Baltimore City Employees Weinberg Foundation Inc. Marketing Division Donna Annie DiSciullo Julia Hatton Services ABC Box Company People Inc. AGENCY DONORS /CONTRIBUTION Beatty Development Aegis Mechanical McCormick & Company Inc. Keith L. Farrar Anthony Henderson The Harbor Bank Board of Liquor License Commissioners 2 $ 78.00 $25,000 - $49,999 Meridian Management Hortense H. Henry Group Corporation of Maryland Patrick Fernandez Board of Municipal and Zoning Appeals 1 130.00 Businesses/Organizations Group Inc. Evelyn D. Franklin Sherry Henson-Seibles Giant Foods of Armada Hoffler The Poole & Kent Circuit Court for Baltimore City 1 52.00 NPG Music Publication LLC Milby Company Nicholson Delores Jackson Maryland LLC Construction Corporation (Prince) New Neighborism Institute Errol D. Gilliard Sr. Victoria Jones Kaiser Foundation Barton Malow Veolia Energy City Council 8 495.00 The T. Rowe Price Program Ports America Daryle W. Griffin Randolph & Becki Kail Health Plan BITHGROUP Technologies Walters Relocation Inc. Civil Rights and Wage Enforcement 1 13.50 MedStar Health for Charitable Giving Chesapeake LLC Joe Halloran Thomas & Deborah Bo Brooks Restaurant Waverly ACE Hardware Comptroller’s Office 4 386.00 United Way of Central Kennedy NAACP Baltimore City Broadway Services Inc. – WAWA Radio One Ireatha Harris Convention Center 4 324.00 Maryland Sandy Hillman Polly Heninger Jean Kim Branch Monument Council Services 2 156.00 Communications LLC Thomas J. Huber Mitchell Krasnopoler Paul’s Place Inc. CB Flooring GOODS/SERVICES $10,000 - $24,999 Serenity Fund Lois G. Hybl Barbara F. Kuhn The Whiting-Turner Calvert Schools Baltimore City Department of Finance 19 1,277.10 Businesses/Organizations SF&C Insurance Ann Jacobson Darby Lassiter Contracting Company Centerline Construction Convention Center Department of Health 20 1,230.00 American Trading and Associates Inc. Adrienne A. Jones Andrea L. Lay University of Maryland Company Baltimore City Department of Housing and Production Corporation The Community Foundation Benjamin Lefstein Denise F. Lazo Medical Center & Charm City Run Family League Community Development 18 1,067.10 Baltimore City Fire Department University of Maryland Charm City Yoga for the National Ellen Markowitz Margaree L. Lee Bank of America Department of Human Resources 3 442.00 Motorola Solutions Foundation Capital Region Michael J. Matunis Matthew Mace Medical System Chris Duncan State Farm Breath of God T. Rowe Price Foundation Inc. Department of Law 6 884.00 The Sharna and Irvin Frank Nathaniel J. McFadden Vivian McCall DLA Piper LLP Lutheran Church The Starbucks Foundation 2 - 9 JOBS Department of Legislative Reference 1 26.00 Foundation Julie Medalis David McClure Emcor Services Poole Brown’s Memorial American Sugar Turner Construction Company Ralph & Dana Moore Barbara A. Meyers & Kent Baptist Church Department of Planning 2 522.00 $2,500 - $9,999 Refining Inc. University of Baltimore James Morrison Rodney Mitchell Gallagher Evelius & Career Academy Department of Public Works 244 11,703.05 Businesses/Organizations Baltimore City Foundation Inc. Willie J. Murphy Jr. Robert & Nicole Morris Jones LLP Department of Health Department of Recreation and Parks 20 955.00 Bethel A.M.E. Church Inc. Convention Center William L. & Victorine Q. Eric D. Paige Shannon Nacpil Greater Baltimore and Mental Hygiene Brown Advisory Baltimore City Department Department of Transportation 54 2,864.00 Adams Foundation Inc. Steve Payne Daniel Page Committee Koinonia Baptist Church c/o Alvin & Louise of General Services Employees of the Baltimore City Peggy A. Peacock Nathan G. Penn Greater New Hope Maryland Transit Myerberg Foundation Individuals Baltimore City Board of School Commissioners 680 26,304.25 Klondike Potts Johnice Powell Towers Inc. Administration Brown Capital Virginia T. Campbell Development Employees’ Retirement Systems 14 926.42 Karen Randle Trell Pratt Hampton In n–Baltimore MOED Eastside One-Stop Management Inc. Anne Denford Corporation Cynthia Sanders Ramon W. Reed Convention Center Career Center Enoch Pratt Free Library 10 709.00 CareFirst BlueCross Joel Dinolt Baltimore City Susan Schechter Peta Richkus Hazen and Sawyer P.C. Northwest Community Fire Department 36 1,828.00 BlueShield Alicia Lucksted Health Department Barbara Shapiro Gregory Rogers Hess Construction + Action Center Housing Authority of Baltimore City 5 275.30 Harris & Harris Ltd. Amy Nathan Baltimore City Office of Marty & Karen Sitnick Matthew J. Scarborough Engineering Services Inc. Operation HOPE Institute for Educational John J. O’Hara Civil Rights & Wage Mayor’s Office 5 658.00 Christopher Smith Anthony Sewell Historic Charles Street Pleasant View Gardens Leadership Inc. Mayor’s Office of Employment Development 22 1,001.00 Carol A. Rice Nellie R. Sherrill Enforcement Holy Cross Our Lady of Public Safety Training Philanthropik Inc. Cameron Stearns Matthew & Christy Wyskiel Ernest F. Silversmith Baltimore City Parking Good Counsel St. Mary, Facility M-R Human Services 12 501.00 The Whitin g-Turner Alan Tanenbaum Joseph & Jennifer Slovick Authority Inc. Star of the Sea, Sandtown Winchester M-R Information Technology 9 462.00 Contracting Company $100 - $499 Elaine Trogdon Charles Solomon Jr. C.L. McCoy Framing c/o Catholic Community Senior Center Office of the Labor Commissioner 1 130.00 University of Maryland Businesses/Organizations Jefferson Turner Jr. Ruth Y. Staton Company Inc. of South Baltimore Southern Baptist Church Medical Center & Dr. Frank C. Marino Clarence Williams Orphans Court 1 52.00 Gregory Stokes Centerplate Legg Mason & Company Inc. St. Ambrose Housing University of Maryland Foundation Inc. Police Department 112 3,999.40 $1 - $99 Lisa Twiss College Bound Foundation Ligon & Ligon Inc. Aid Center Medical System Extended Family Sherif f’s Office 1 520.00 Individuals Bruce Wahlgren Downtown Partnership Mahan Rykiel Associates Technology Training Center Adult Daycare Inc. Individual Agnes S. Arnold Elanda Watson-McKnight of Baltimore Inc. Mahogany Inc. University of Marylan d– State’s Attorney’s Office 3 208.00 George F. McMechen Demetria Barrett Lavonne C. White Ellicott Dredges LLC Maritime Applied Baltimore Joanne Nathans School #177 Clara L. Baugh Ernest Winbush FutureCare Health & Physics Corporation War Memorial Building/ TOTAL 1,321 $ 60 ,179.12 Maryland Anti Poverty Sharon A. Brooks Management Maryland Automobile General Services Employees Local #2202 Corporation Insurance Fund Wells Fargo Bank N.A. Regrettably, space limitations preclude the individual listing of the hundreds of city employees Hilton Baltimore Maryland HealthCare Youth Opportunity who contributed to YouthWorks in 2O15 via the Payroll Deduction Plan. Although we cannot list names, we sincerely thank all of these staff members for their generous support. Hyatt Regency Baltimore Maryland Office of (YO) Baltimore Tourism Development

12 BALTIMORE CITY FOUNDATION > YouthWorks Donations YouthWorks Donations > BALTIMORE CITY FOUNDATION 13 STATEMENT OF FINANCIAL POSITION 2015 2014 FINANCIAL June 30, 2015 (with comparative totals Assets as of June 30, 2014) Cash and Cash Equivalents $ 334,813 $ 370,676 STATEMENTS Accrued Interest Receivable 36,764 38,014 Investments 6,969,867 7,283,493 Due from City of Baltimore — 43,096 To the Board of Directors Other Receivables 94,823 81,312 Baltimore City Foundation Inc. Loans Receivable 15,000 — Prepaid Expenses 2,946 11,909 Report on the Financial Statements TOTAL ASSETS $ 7,454 ,214 $ 7,828 ,500 We have audited the accompanying financial statements of Baltimore City Foundation Inc. (a nonprofit organization), which comprise the statement Liabilities of financial position as of June 30, 2015, and the related statements of Accounts Payable $ 196,972 $ 112,745 activities and cash flows for the year then ended, and the related notes Due to City of Baltimore 835,070 — to the financial statements. Deferred Revenue 13,333 247,500 Agency Funds Payable 26,120 189,356 Management’s Responsibility for the Financial Statements TOTAL LIABILITIES $ 1,071,496 $ 549 ,601 Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles Net Assets Unrestricted $ 2,945,198 $ 3,166,362 generally accepted in the United States of America; this includes the Temporarily Restricted 3,437,520 4,112,537 design, implementation, and maintenance of internal control relevant TOTAL NET ASSETS 6,382 ,718 7,278 ,899 to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. TOTAL LIABILITIES AND NET ASSETS $ 7,454,214 $ 7,828,500

Auditor’s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance STATEMENT OF ACTIVI T I E S Temporarily 2015 2014 Unrestricted Restricted Totals Totals with auditing standards generally accepted in the United States of For the year ended America. Those standards require that we plan and perform the audit to June 30, 2015 Support obtain reasonable assurance about whether the financial statements (with comparative totals Contributions $ 897 $ 2,757,746 $ 2,758,643 $ 2,969,711 are free of material misstatement. as of June 30, 2014) Investment Income 121,623 — 121,623 590,097 $ 122,520 $ 2,757,746 $ 2,880,266 $ 3,559,808 An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures Net Assets Released from Restrictions 3,432,763 ( 3 , 4 3 2 , 7 6 3 ) — — selected depend on the auditor’s judgment, including the assessment of TOTAL SUPPORT AND RECLASSIFICATION $ 3,555,283 ( 6 7 5 , 0 1 7 ) $ 2,880,266 $ 3,559,808 the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor Expenditures Program Services $ 3,442,531 — $ 3,442,531 3,634,854 considers internal control relevant to the entity’s preparation and General and Administrative 333,916 — 333,916 358,132 fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the Total Expenditures $ 3,776,447 — $ 3,776,447 $ 3,992,986 purpose of expressing an opinion on the effectiveness of the entity’s Decrease in Net Assets (221,164) ( 6 7 5 , 0 1 7 ) ( 8 9 6 , 1 8 1 ) (433,178) internal control. Accordingly, we express no such opinion. An audit NET ASSETS AT BEGINNING OF YEAR $ 3,166,362 $4,112,537 $ 7,278,899 $ 7,712,077 also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates NET ASSETS AT END OF YEAR $ 2,945,198 $3,437,520 $ 6,382,718 $ 7,278,899 made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. STATEMENT OF CASH FLOWS 2015 2014 For the year ended Opinion June 30, 2015 Cash Flows from Operating Activities: In our opinion, the financial statements referred to above present fairly, in (with comparative totals Decrease in Net Assets $ ( 8 9 6 , 1 8 1 ) $ ( 4 3 3 , 1 7 8 ) all material respects, the financial position of Baltimore City Foundation as of June 30, 2014) Adjustments to Reconcile decrease in Net Assets to Net Cash Provided Inc . as of June 30, 2015, and the changes in its net assets and its cash by Operating Activities: Realized gains on Sales of Investments ( 1 8 6 , 8 9 7 ) ( 1 5 0 , 5 0 7 ) flows for the year then ended in conformity with accounting principles Unrealized gains on Investments 280,120 ( 2 2 4 , 3 4 1 ) generally accepted in the United States of America. (Increase) decrease in Operating Assets: Accounts Receivable & Other Receivables ( 1 4 , 5 8 5 ) 179,192 Report on Summarized Comparative Information Accrued Interest Receivable 1,250 2,297 We previously audited Baltimore City Foundation Inc.’s 2014 financial Prepaid Expenses 8,963 350,359 statements, and our report dated October 21, 2014, expressed an un- Increase (decrease) in Operating Liabilities: modified opinion on those audited financial statements. In our opinion, Accounts Payable 84,227 92,304 the summarized comparative information presented herein as of and for Agency Funds Payable ( 1 6 3 , 2 3 6 ) 189,356 the year ended June 30, 2014, is consistent, in all material respects, Due to City of Baltimore 835,070 with the audited financial statements from which it has been derived. Deferred Revenue $ ( 2 3 4 , 1 6 7 ) (192,550) NET CASH USED BY OPERATING ACTIVITIES (285,436) $ ( 1 8 7 , 0 6 8 ) Cash Flows from Investing Activities: Purchase of Investments (1 , 2 6 1 , 7 7 3 ) (9 1 0 , 0 9 1 ) Proceeds from Sale and Maturity of Investments 1,511,346 705,475 King, King and Associates, P.A. NET CASH PROVIDED BY (USED BY) INVESTING ACTIVITIES 249,573 $ ( 2 0 4 ,6 1 6 )

Certified Public Accountants and NET DECREASE IN CASH AND CASH EQUIVALENTS $ ( 3 5 , 8 6 3 ) $ (3 9 1 , 6 8 4 ) Management Consultants October 22, 2015 CASH AND CASH EQUIVALENTS, Beginning of Year $ 370,676 $ 762,360 CASH AND CASH EQUIVALENTS, End of Year $ 334,813 $ 370,676

14 BALTIMORE CITY FOUNDATION | Financials 14 BALTIMORE CITY FOUNDATION > Financials Financials > BALTIMORE CITY FOUNDATION 15 NOTES TO FINANCIAL STATEMENTS

1. NATURE OF ACTIVITIES 3. FAIR VALUE MEASUREMENTS (continued) Baltimore City Foundation Inc. (the Foundation) was incorporated on January 5, 1981 under the laws The three levels of fair value hierarchy under FASB Statement ASC 820 are described of the State of Maryland as a non-stock, not-for-profit corporation to foster and promote the growth, as follows: progress and general welfare of the City of Baltimore. The Foundation serves as a channel for Level 1: Inputs to the valuation methodology are unadjusted quoted prices for identical the collection and disbursement of funds for various programs administered by local community assets or liabilities in active markets that the Foundation has the ability to access. organizations and Baltimore City agencies. The Foundation’s support comes primarily from individual and business donor contributions. Level 2: Inputs to the valuation methodology include: • Quoted prices for similar assets or liabilities in active markets; 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES • Quoted prices for identical or similar assets or liabilities in inactive markets; • Inputs other than quoted prices that are observable for the assets or liability: Basis of Accounting • Inputs that are derived principally from or corroborated by observable market The financial statements of the Foundation have been prepared on the accrual basis. data by correction or other means. Basis of Presentation The Foundation is required to report information regarding its financial position and activities according If the asset or liability has a specified (contractual) term, the level 2 input must be to three classes of net assets: unrestricted, temporarily restricted, and permanently restricted net observable for substantially the full term of the asset or liability. assets. The Foundation has no permanently restricted net assets. Level 3: Inputs to the valuation methodology are unobservable and significant to Use of Estimates the fair value measurement. The preparation of financial statements in conformity with generally accepted accounting principles Fair value measurements for investments reported at fair value on a recurring requires management to make esti mates and assumptions that affect certain reported amounts basis at June 30, 2015 were determined based on: and dis closures. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents Quoted Prices In Significant Active Markets Other For purposes of financial statement presentation, the Foundation considers all money market funds and For Identical Observable highly liquid debt instruments with maturities of six months or less when acquired to be cash equivalents. Assets Inputs (Level 1) (Level 2) TOTAL Cash and Cash Equivalents consist of the following: 2015 2014 Money Market Account $ 40,147 $ 40,145 Money Market/Mutual Funds $ 1,139,701 $ 1,139,701 Repurchase Agreements 294,396 330,531 Municipal Bonds $ 1,173,020 1,173,020 $ 334,813 $ 370,676 Corporate Bonds 1,837,798 1,837,798 Investments Equities 2,794,154 2,794,154 Investments are stated at fair value based on quoted prices within active markets and consist of the Other Investments/Partnership 25,194 25,194 following at June 30, 2015: TOTAL INVESTMENTS $ 3,933,855 $ 3,036,012 $ 6,969,867 2015 2014 All assets have been valued using a market approach. There were no changes in COST FAIR VALUE COST FAIR VALUE Money Market/ valuation techniques in the year ended June 30, 2015. Mutual Funds $ 1,148 ,082 $ 1,139,701 $ 1,732 ,418 $ 1,737,576 Municipal Bonds 1,156 ,456 1,173,020 676,246 712,602 4. NET ASSETS RELEASED FROM RESTRICTIONS Corporate Bonds 1,715,855 1,837,798 2,004,415 2,194,305 All contributions are considered to be available for unrestricted use unless specifically Equities 2,176,501 2,794,154 1,850,987 2,639,010 restricted by the donor. Amounts received that are designated for future periods or Other Invest./Partnerships 27,032 25,194 —— restricted by the donor for specific purposes are reported as temporarily restricted TOTAL INVESTMENTS $6,223,926 $ 6,969,867 $ 6,264,066 $ 7,283,493 or permanently restricted support that increases those net asset classes. When a temporary restriction expires, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets The following schedule summarizes the investment return as reported on the statement of activities released from restrictions. During the year ended June 30, 2015, $3,432,763 in for the year, ended June 30, 2015 and 2014: net assets were released from donor restrictions by incurring expenses satisfying 2015 2014 the restricted purpose specified by the donor or grantor. Interest/Dividend Income $ 214 , 845 $ 215 , 249 Realized Gains & Losses 186,897 150,507 5. CONTRIBUTED SERVICES Unrealized Gains & Losses (280,120) 224,341 Certain support services are performed by personnel of the City of Baltimore, $ 121,622 $ 590,097 and the Foundation does not incur any cost for services rendered by such employees. No amounts have been reflected in the financial statements for those services Contributions since they do not meet the criteria for recognition. The Foundation reports gifts of cash and other assets as restricted contributions when they are received with donor stipulations that limit the use of the donated assets. When the intent of the donor 6. UNRESTRICTED ADMINISTRATIVE EXPENSES is that the assets are to remain in perpetuity and the Foundation does not have the right to invade the During the fiscal years ended June 30, 2015 and 2014, the following expenses original principal, the assets are reported as permanently restricted. When a donor restriction expires were charged to the administrative account: (such as when a stipulated time restriction ends), temporarily restricted net assets are released 2015 2014 to unrestricted net assets and reported in the statement of activities as net assets released from Charitable Contributions $ 223,505 $ 246,000 restrictions. Net assets are primarily released from donor restrictions when time restrictions are Professional & Contractual Fees 40,380 46,838 satisfied. The Foundation has no permanently restricted net assets. Investment Fees 50,640 46,761 Other Fees 4,051 3,602 Income Tax Status Supplies & Other Costs 478 590 As a non-profit meeting the requirements of Section 501(c)(3) of the Internal Revenue Code, Printing 14,862 14,341 the Foundation is exempt from income taxes. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that $ 333,916 $ 358,132 is not a private foundation under Section 509(a)(2). 7. EXPENSED EQUIPMENT The accounting standard on accounting for uncertainty in income taxes addresses the determination Equipment purchased by the various funds is expensed in these financial of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in statements. Equipment costing more than $5,000 per item is transferred to the financial statements. Under that guidance, the Foundation may recognize the tax benefit from the City of Baltimore via letter of donation. At June 30, 2015, a vehicle costing an uncertain tax position only if it is more likely than not that a tax position will be sustained on $32,823 purchased by fund 046 and included in the “Other Expenditures” examination by taxing authorities based on the technical merits of the position. There were no column of the Statement of Activities by Fund, was transferred to the City. unrecognized tax benefits identified or recorded as liabilities for fiscal years 2015 and 2014. The Foundation is generally no longer subject to examination by the Internal Revenue Service for years before 2012. 8. COMPARATIVE INFORMATION The financial statements include certain prior-year summarized comparative 3. FAIR VALUE MEASUREMENTS information in total but not by net asset class. Such information does not include sufficient detail to constitute a presentation in conformity with generally accepted The Foundation uses fair value measurements to record fair value adjustments to certain assets and accounting principles. Accordingly, such information should be read in conjunction liabilities and to determine fair value disclosures of investments in debt and equity securities. with the Foundation’s financial statements for the year ended June 30, 2014, Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820, Fair Value from which the summarized information was derived. Measurements and Disclosures , provides the framework for measuring fair value. The framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure 9. EVALUATION OF SUBSEQUENT EVENTS fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for The Foundation has evaluated subsequent events through October 22, 2015, identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs the date which the financial statements were available to be issued. (level 3 measurements).

16 BALTIMORE CITY FOUNDATION > Financials BALTIMORE CITY FOUNDATION 20 15 BOARD OF DIRECTORS

Lenwood Ivey, Ph.D. President Baltimore City Foundation Inc.

Francis X. Bossle Former Executive Director Internal Audits

Jason Perkins-Cohen Director Mayor’s Office of Employment Development

James Piper III Former Executive Vice President Coldwell Banker Residential Brokerage

Henry Raymond Director Baltimore City Department of Finance

Karen Sitnick Former Director Mayor’s Office of Employment Development

Ellen H. Yankellow President/CEO Correct Rx Pharmacy Services Inc.

Board Support: Nancy Pivec Thomas Reese

Baltimore City Foundation Inc. 7 E. Redwood Street, 9th Floor Baltimore, MD 21202 Phone: 41 0-39 6-1395 www.baltimorecityfoundation.org

The Baltimore City F oundation Inc., a 501(c)(3) nonprofit organization, is committed to enhancing the quality of life for the citizens of Baltimore City. The Foundation enables the Baltimore City government to raise philanthropic resources that promote many of its health and human services priorities. Additionally, the Foundation provides grants to nonprofit organizations throughout the city that support youth and underprivileged Baltimore City residents. In conducting activities for the support or benefit of the City, and in receiving charitable contributions from private sources, the Foundation also promotes public/private collaboration for the benefit of the City and its residents.

Donations to which are tax deductible to the fullest extent allowed by law. A copy of its current financial statement is available upon written request at 7 E. Redwood Street, 9th Floor, Baltimore, MD 21202. Documents submitted to the State of Maryland under the Maryland Charitable Solicitations Act are available from the Office of the Secretary of State for the cost of copying and postage.