OTO KIRKPATRICKCENTER (1976) WILLIE SHIPLEY AND OTHERS MAKE INITIAL SCHOLARSHIP CONTRIBUTIONS. (1973) 1969-1994 '69 '70 '72 '7 4 · $80,536,431 (19 4) $71 ,495, (1992 : . I RECEIVES BEQUEST FROM W.T. PAYNE (1982) DAVIS FAMILY ESTABLISHES FIRST AFFILIATED FUND (1987) $5 , 53,835 ( ,990) %31 356,983 (1987) MARGARET BOYS ESTABLISHES FUND FOR BEAUTIFICATION OF PARKS AND PUBLIC LANDS (1992) COMMUNITY FOUNDATION MOVES TO DOWTOWN OKLAHOMA CITY. (1987) John E. Kirkpatrick Charles Bennett Dr. James Dennis Luther T. Dulaney Harvey P. Everest Sylvan N. Goldman 1969-78 1985-91 1969-71 1973-74 1969-71 1969-72 1969-74 1969-78 William Thurman John Kilpatrick Jr. F.M. Petree Jean I. Everest Jackie Carey 1974-79 1975-80 1975-84 1975-84 1979-84 Gerald Marshall Dan Hogan , III Ray T. Anthony James R. Tolbert 111 1982-88 1984-93 1985-94 1985-94 Richard L. Van Hom Linda Lambert TABLE OF CONTENTS 1990-92 1992- 1 lntroduction 2 Name Funds 53 Affiliated Funds 56 Donor Funds 64 Designated Funds 80 Report on 1994 82 Grants and Distributions Jeanette Gamba 86 Report of Independent Auditors 1993- 90 Trustees, Officers and Staff Dean A. McGee J.B. Saunders Stanton Young Dr. Leonard P Eliel Jack Abernathy Dr. William Brown 1969-78 1969-78 1969-75 1971-72 1972-81 1973-74 Dick Harrison Edward C. Joullian Morrison Tucker Dr. Clayton Rich William Swisher 1979-89 1979-85 1979-89 1980-89 1981-83 Nancy P. Ellis George Records Edward Barth Frank A. McPherson 1986- 1988- 1989- 1989- During its twenty-five year history, the Oklahoma City Community Foundation has been served by an outstanding group of community leaders as Trustees. Thirty-seven m en Dr. Jay Stein Anne H. Morgan 1992- 1993- and women have helped the Community Foundation fulfill its purpose of preserving charitable capital and enhancing its value for the benefit of the Oklahoma City area. This leadership has been essential not William Johnstone Raymond Hefner, Jr. only to the growth of the asset base 1993- 1993- but to the ability of the Community Foundation to respond to the chang­ ing needs of the community. , I I C0 , , ' · 111 , . ' Nineteen sicty-nine It was the year of Richard Nixon s inauguration It was the year of Woodstock, the music festival that epitomized at least one· segment of the youth movement of the sixties. It was the year that schools were desegregated in Oklahoma City. It was the year the National Tax Reform Act of 1969 was passed, imposing new restnct1ons on private foundations. It was the year the Oklahoma City Community Foundation was launched. "A community foundation provides the ideal way for people who have had a good life in the community to leave something for the benefit of the city's future residents," said J. Kimbal Johnson, a former director of The Cleveland Foundation who spoke at a dinner hosted by John and Eleanor Kirkpatrick to launch the Of the twelve members of the Community Foundation in Foundation's Board of Trustees, Oklahoma City. six are selected by specified The Oklahoma City Commu­ public institutions and six are nity Foundation was modeled named from the community at­ after the Cleveland Foundation, large. No trustee serves longer the oldest and one of the largest than ten years and no group or community foundations in the individual is able to retain control. nation. A few years before, John The Board of Trustees and Staff of Kirkpatrick had discovered that the Community Foundation are responsible for developing there were considerable tax advantages in making contri­ assets, managing their investment, and overseeing the butions to a public community foundation over a private distribution of earnings. foundation. He recognized the need for a steady and The Community Foundation is an endowment fund permanent source of income for non-profit agencies, many that was designed to meet the test of time. lt has come a of which have difficulty attracting and managing endow­ long way since its first Annual Report, when the net worth ment funds. was $45,299 from one major donor. Twenty-five years later, Kirkpatrick had some ideas about what it would take thousands of donors have contributed to a net worth of for a community fow,dation to succeed. He wanted to $81 million create an entity with its own system of checks and bal­ Some of our earlier challenges, such as convincing ances over which no one faction could gain control. He donors that the CommunityFow1dation can meet the test wanted an organization with the flexibility to adapt to of time, have been met. Other challenges are more persis­ changing needs in the community, so that the original tent. The 1971 Annual Report used a quote by Aristotle, intent of donors could be preserved even if the specific which remains relevant; "To give away money is an easy causes or organizations they supported no longer existed. matter, and in any man's power. But to decide to whom to Kirkpatrick credits attorney Don Ellison for creating an give it and how large and when, and for what purpose and organization that accomplishes those goals. Ellison was an how, is neither in every man's power, nor an easy matter.'' attorney who created the legal underpinnings for the It is reassuring to know that some challenges present Oklahoma City Community Foundation. He established a opportunities for evolution rather than solution. system of checks and balances through trustee selection and division of fiscal responsibility. Milestone l Name Funds L to R: Bob Kerr, E.K. Gaylord, C.R. Anthony, R.J. Clements, B.D. Eddie A Name Fund is a vehicle for living donors to actively direct financial support to causes they care about now. A fund named for a friend or a loved one is like a promise, to continue to support the interests of that person and provide a link between his times and the present. Name Funds are a reminder that a community evolves from the efforts and personalities of the people who have gone before us, as well as those who are here now. Since 1969 thousands of individual contributions have been made to the permanent endowment funds of the Oklahoma City Community Foundation. Name Funds are those individuals and groups w hose total contribu­ tions have reached or exceeded $5,000. Earnings on these Name Funds benefit organizations or areas of interest specified by the donors. When earnings are distributed to organizations, they are always identified by contribut­ ing Name Funds. These are the Name Funds as of June 30, 1994. They are listed chronologicallyunder the year the Fund was established. 1969 1970 JOHN E. AND ELEANOR B. KIRKPATRICK JASPAR D. ACKERMAN John E. Kirkpatrick, a n Oklahoma City oilman, Jaspar Ackerman came from Buffalo, Wyoming to Colorado banker, and civic leader, and his wife Eleanor Blake Springs as a young boy in a covered wagon. He started work as Kirkpatrick, had established the Kirkpatrick Founda­ an elevator operator for Exchange National Bank in 1916, later tion in 1955 but realized that Oklahoma City needed became its majority owner and chief executive officer. He was an institution which could serve the charitable highly regarded as a rancher, banker, and quiet philanthropist. needs of a large number of citizens and non-profit Mr. Ackerman was one of the first contributors to the Conunu­ organizations. They provided initial leadership, nity Foundation with a gift benefitting the National Cowboy contributions, and adminis trative support for the Hall of Fame in 1970. His will bequeathed $200,000 to the founding of the Oklahoma City Community Founda­ Oklahoma City Community Foundation to support the Na­ tion in 1969. Mr. Kirkpatrick served as the Founding tional Cowboy Hall of Fame. Current market value- $282,909. President of the Trus tees from 1969 to 1979 and again served as a Trustee from 1985 to 1991. The MR. AND MRS. JEAN I. EVEREST Kirkpatricks have given special attentio n to the A native Oklahoman, Jean was born in 1918 and graduated development of endowment funds for non-profit Yale University. During World War II he served five years organizations which are held a t the Community with the Pacific Fleet and married Janell Law in 1946. He Foundation. ln addition to the Kirkpatrick Family purchased Mid-Continent News Company, a magazine distrib­ Affiliated Fund, their name fund supports more uting agency, from his father, Harvey Everest, in 1956, and than 150 organization endowments. Curren t market continued to serve as Chief Executive Officer until 1975. He is a value $15,019,452. fom1er trustee and president of the Community Foundation. This name fund supports Casady School, Oklahoma Zoological Society, and donor-advised contributions. Current market value $69,557. 2 Name Funds 1969-70 Jasper D. Ackerman Jean I. Everest Jack Conn Margaret K. Replogle JACK AND GILLETTE CONN EDWARD KING GAYLORD Jack Conn was a principal architect of the Oklahoma Bank­ The Daily Oklahoman was eight years old in 1903 when E.K. ing Code and a dedicated supporter of education and Gaylord and two partners bought 45 per cent of its stock and history. Born in Ada in 1909, he was orphaned early in life formed the Oklahoma Publishing Company. ln 1916 he and grew up on a farm south of Ada. He married Gillette bought the Oklahoma City Tunes at a sheriff's auction for Massey, daughter of C.H. Massey, president of the Okla­ $30,000. He became president of the Oklahoma Publishing homa State Bank of Ada. Conn graduated first in his law Company in 1918, later editor and publisher of the two class in 1940 from the University of Oklahoma, then prac­ newspapers.