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Report to the Community Report2007-2008 to the Community Community Foundation for Monterey County Inside Our History ... 2 New Funds Received ... 3 Special Programs, Projects, and Initiatives ... 6 Awards and Honorees ... 10 Recent Grant Highlights ... 12 2007 Donors ... 14 2007 Financial Summary ... 22 2007-2008 Board of Directors ... 24 Offices ... 28 In Memory of ... 29 Our Mission We improve the quality of life in Monterey County by raising, managing, and distributing charitable funds to qualified organizations and by creating positive connections between donors and their interests. COMMUNITY FOUNDATION FOR MONTEREY COUNTY Serving the community since 1945 QUICK FACTS ABOUT 2007 • Total assets grew to $143.7 million, a 9.7% increase over 2006. • The Foundation received $10.4 million in new contributions. • The Foundation awarded $7.5 million in grants, a 9.3% increase over 2006. • The Foundation’s pooled investments achieved a total return of 8.03%. • Operating expenses for all programs combined were 1.8% of total assets. © 2008 Community Foundation for Monterey County • Cover Photo Kira Carrillo Corser Community foundations have lots of moving parts. Unlike a private foundation, which can tightly focus its work on a small geographic area or even a specific grantee, community foundations have to develop a grants program that covers the whole spectrum of community need. We also must have a representative Board with limited terms, so there is an annual renewal 2007-2008 process of fresh ideas on the Board as some Board terms come to a close and new Board members Highlights are elected. We can create partnerships with an ever-changing roster of other funders who share our proposal forms available online, and Todd Lueders our interests, including private foundations, civic committed to making larger grants, including President/CEO groups, local cities and public agencies, national a higher proportion of general operating interest groups and consortia, corporate giving grants. The Board of Directors also created David Armanasco programs, and of course our donor advised funds a special Opportunity Fund by setting aside Chair of the Board and those at a number of commercial firms. an annual amount from the General of Directors Our Literacy Campaign is a good illustration Endowment to respond, at the discretion of of how we have built a coalition of concern our Board, to unexpected community needs around the issue of adult literacy in Monterey and special opportunities that fall outside County. Although the Community Foundation is the usual parameters of our competitive the major source of new grants for literacy service grants program. providers, we are proud to also have the support Another challenging aspect of the of the David and Lucile Packard Foundation, community foundation’s work is managing the Grover Hermann Foundation, the Monterey our investments to maintain a generous, Peninsula Foundation, the Dunspaugh-Dalton active portfolio of grants while protecting the Foundation, the Mervyn L. Brenner Foundation, principal value of the more than 280 funds that First 5 Monterey County, the S.D. Bechtel, Jr. we administer. Needless to say, this has not Foundation, and several of our donor advised been an easy job in the past 18 months, funds in this effort. We can report that more but we can report that our commingled than 700 new adult learners have signed up for assets had a total return of 8.03% in 2007. both community-based and more formal literacy Our Investment Committee has maintained classes in 2007 alone, and a high-level group of a substantial cash position during the past professionals in the literacy field has developed several quarters in anticipation of more a model of a sustainable system of literacy stable markets later this year. programs for the future. It is an exciting time to be a volunteer or The past year also gave us the opportunity a paid professional in this field of community to implement some major changes in our development. We are grateful to all of our competitive grants program. Although grants donors, Board and committee members, from our General Endowment are some of our community members, and of course the most important “moving parts”, the application talented grantees whose work we support, process was overdue for some streamlining. for making the Community Foundation a Therefore we eliminated application deadlines respected, accessible partner in building so that proposals could be submitted all year communities on the Central Coast. On behalf long, asked for Letters of Interest by December 1 of all those who have carried out the mission so that the demand for grants in the new year of the Community Foundation for more than could be gauged more accurately, made all of 63 years, we remain “Here for Good”. L ike the proverbial cat with multiple lives, As of the end of 2007, the Foundation the Community Foundation has taken three had total assets of $144 million and awarded entirely different forms since it was established over $7 million annually to more than 200 in 1945. Just before the end of World War agencies throughout the Central Coast. Our History II, a group of community leaders including We are the largest grant making foundation Col. Allen Griffin and S.F.B. Morse became of any kind between San Jose and Santa Over 63 Years concerned about the increasing pressure to Barbara. Now we are large enough to of Community “develop” Monterey at the expense of some provide a unique range of special programs Service of the city’s historic adobes. They formed the in addition to grants from our own resources, “Monterey Foundation” in order to purchase such as the Management Assistance and such notable adobes as the Fremont Adobe, Neighborhood Grants Programs. We have Casa Gutierrez, and Casa Abrego. The also taken on multi-year initiatives including properties were then donated to preservation the Poder Popular Program (with The groups such as the Monterey History and Art California Endowment) and Communities Association or the State Parks Historic District Advancing the Arts (with the James Irvine to preserve them for the enjoyment of the Foundation and the David and Lucile public – and Monterey thus became and still Packard Foundation). We see our role as is the most historic city in California. a “catalytic convener” for high-priority The Foundation’s second incarnation community issues, as illustrated by the dates from the mid-1970s, when the focus Literacy Campaign, in which the Foundation changed to open space preservation on the is the lead funder. Monterey Peninsula. On a project-by-project There is no limit to what the Community basis, the Foundation raised funds to acquire Foundation can do. We have grown fast important open space in areas such as Pebble and tried to be agile in adapting to ever- Beach (the Indian Village and Navajo tracts, changing community needs and new the S.F.B. Morse Cypress Grove, and Pescadero trends in charitable giving. Thanks to the Point) and Monterey (the First Theatre Garden thousands of donors who have come to trust and the top portion of Jacks Peak Park). Once the Foundation as a flexible, objective agent again, the goal was to save these properties for community development, we are proud for future generations, and eventually they of our past and confident in our future. were all donated to preservation groups like the Del Monte Forest Foundation and others. The catalyst for the third stage in the Foundation’s life cycle was a commitment by the Board of Directors in 1981 to hire full- time staff and begin the process of building permanent endowments to benefit the full range of community needs. By 1984, the endowment had grown to $1 million, and the Foundation became the “Community Foundation for Monterey County” to reflect its county-wide service area. Since that year, the Foundation has dedicated about half of its competitive grants to agencies that serve either the entire county or primarily the Salinas Valley. 2 3 Highlights of 2007 and through June, 2008 The Lino and Teri Belli Family Fund was established by Salinas architect Lino Belli of the Belli Architectural Group, Inc. and his wife Teri Belli, CPA to support agencies in the Salinas Valley in their areas of interest. NEW FUNDS Received from The Anthony and Lary Lynn Muller Fund has broad interests in education, animal welfare, health, the arts, and community and social services. The Mullers July 1, 2007 to have a special interest in helping talented young students from disadvantaged June 30, 2008 families achieve their highest possible educational goals. NEW The James M. Shade Memorial Fund was created Donor Advised by the family of James Shade (his wife Carol and Funds sons Randall and Corey) by terminating a charitable remainder trust after his death to establish a new donor advised fund in his memory. Bill Robinson and Karen Kadushin James M. Shade The Kadushin Robinson Fund was created by Karen Kadushin, the former Dean of the Monterey College of Law and former Executive Director of the Community Foundation’s Women’s Fund, to honor the memory of her husband, former attorney, arbitrator and mediator, Bill Robinson, who passed away in 2007. The E. R. McCown Family Fund was created by Dr. Elizabeth Langstroth to support local and national animal welfare and environmental agencies. Dr. Langstroth is a well-known marine researcher and photographer. The fund’s advisor, Elizabeth Langstroth, named her daughters, Jean McCown, Ann McCown, and Faith McCown Clendenen, as successor advisors. NEW W hen retired social worker Maureen Bradford of Carmel Valley passed Field of away in 2007, she left a portion of the remainder of her estate to the Community Interest Fund Foundation to establish the Maureen Bradford Fund, a field of interest fund that will assist agencies in Monterey County that provide services to needy children and abused women.
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