Every book tells a story.

Barbara Bush Foundation For Family Literacy Staff

Liza McFadden, President & Chief Executive Officer Roosevelt Alexander, Chief Financial Officer Rebecca Dyer, Executive Vice President, Programs Susan James, Chief Marketing Officer

516 North Adams Street • Tallahassee, FL 32301 • 850-562-5300

The Barbara Bush Foundation for Family Literacy is a nonprofit, public charitable organization recognized under Section 501(c)(3) of the Internal Revenue Code. Donations are tax deductible as allowed by law. © 2015 Barbara Bush Foundation for Family Literacy 2014-2015 ANNUAL REPORT A Message From Our CEO their parents. Toward that end, we opened 204 family We believe in paying for performance. Programs are administered CONTENTS INNOVATION literacy programs this past year. In those programs: by selected schools and nonprofits, with payments based on deliverables. We believe donors want to invest directly in literacy 2 A Message From Our CEO The Barbara Bush • Over 3,000 committed teen reading volunteers mentor solutions. For that reason, for the past three years the board has struggling 1st, 2nd and 3rd graders each week. approved the allocation of earnings from our reserve funds to pay Foundation is making 4 A Snapshot of 2014-2015 a bold bet for social • The average low-income parent gained two full years for fundraising costs, while donations to the Foundation pay for change in literacy. in reading scores in one year’s time. program and required administrative costs. Slightly more than half of our administrative costs—which were at a reasonable 6%—were 6 BarbaraBush@90 Literacy advocates are Former First Lady bank and investment management fees. all too aware of the LEADERSHIP Barbara Bush began stark reality: nearly 36 the Foundation 26 years Our investment philosophy is conservative and defensive, and 8 25th Anniversary Events million families in our ago based on her personal belief that “America would we lean on our expert investment committee for advice. Over the be a better place if every man, woman, and child could past year, we earned a weighted average return of 5.94% on nation struggle with low 9 Teen Trendsetters • Jashlyn’s Story literacy. A challenge this read, write, and comprehend,” and she remains actively investments. We retain a fund investment consultant who provides enormous requires an equally large solution. That is why involved. In fact, it’s not unusual for her to quiz me on our counsel to the Investment Advisory Committee. we’ve partnered with the XPRIZE Foundation to consider administrative overhead or staffing patterns. 10 Family Literacy • Victoria’s Story a bold new concept. Changes in the economy could impact fundraising. We expanded Doro Bush Koch serves as Honorary Chair, continuing significant programming to 11 states, but at this point have limited 12 The Launch of the XPRIZE The XPRIZE—a large-scale, monetary award given her mother’s legacy. She speaks and writes for national recurring funding vehicles in place. We are approaching local to the first team to achieve a specific goal with the audiences on literacy, and is engaged as a voting board school boards, state governments, and corporate and individual potential to positively impact humanity—is a powerful member with a 100% attendance record. donors to encourage them to sustain the infrastructure created by 14 Financial Impact tool for innovation that taps into our competitive and the Barbara Bush 90th birthday gifts. entrepreneurial spirit. In the past year, our ENGAGEMENT board expanded to add Simply put, literacy is not a substantial part of most donors’ 16 Thank You The $7M Barbara Bush Adult Literacy XPRIZE presented members with valuable portfolios. The Foundation Center reports that gifts given to adult skills: Jim Nevels, longtime president of The Swarthmore literacy are 1% of education giving. This figure equates to only $36 by the Dollar General Literacy Foundation will inspire 18 Board Governance educators, engineers, innovators, gamers, and technology Group and chairman of Hershey, who provides expertise million out of $4.9 billion directed to education. experts worldwide to develop a new generation of on our investment portfolio; Peggy Conlon, former mobile literacy learning apps that are highly scalable, president and CEO of the Ad Council, who we are We are betting boldly on the value of literacy and thank you for non-place based, cost-effective, and customizable. leaning on for strategic expertise in developing our public joining us in this effort. relations effort; and Craig Denekas, who as CEO of the Mrs. Bush announced the XPRIZE on her 90th birthday, Libra Foundation, brings additional nonprofit experience. and so far we’ve raised $9 million of the total $16 million that this effort will cost over the next four years. In the In the coming year, we will work hard to amplify coming year, teams across the globe will take on this our authoritative, trusted voice through speaking President & CEO challenge, with the ultimate goal of providing free mobile engagements, highly visible content, and an increasingly technology solutions to hundreds of thousands of families. engaged constituency.

To achieve our mission of establishing literacy as a value The launch of the XPRIZE generated in every home in America, we also continue to provide ORGANIZATIONAL literacy development opportunities for young children and over 1.5 billion CAPACITY media impressions, helping us engage a worldwide audience on adult The Barbara Bush literacy. Additionally, our social media platforms educate millions of supporters, with an average of one million Foundation is weekly views on Facebook. making a bold bet Barbara Bush@90, page 6 We prudently manage our operations, prioritizing the for social change highest possible social return on investment and cost- in literacy. efficiency. 2 Our mission is to establish literacy as a value in every home in America. 53 CHAPTER 1 A SNAPSHOT OF 2014-2015

Thanks to the support of our donors From the adoption of our new on that commitment, we will and friends, 2015 has been filled strategic plan to the expansion of continue to empower families with exciting opportunities here at family literacy programs to eleven through literacy, giving both parents the Barbara Bush Foundation for states, we are making strides toward and children the chance to learn Family Literacy. educational reform. And building and achieve together!

September 516 North AdamsJune Street Teen Trendsetters Tallahassee, FL 32301 Mrs. Bush’s 90th expands in Michigan, Birthday Bash Florida and Texas

November Leave your bookmark October October Dallas Celebration First of Reading planned gift received by the Foundation

February Added 5 new board members June XPRIZE launch

June Strategic plan through November 2018 adopted 25th Anniversary Events in Palm Beach February Celebration of Reading in Florida and press conference announcing a new online learning management system 4 Our mission is to establish literacy as a value in every home in America. 5 CHAPTER 2 A CAUSE FOR CELEBRATION

I’m so happy to report that Mom remains the great, quick- solutions to the complex problem of helping low-literate What an unforgettable year this has been for the witted lady that she has always been, and is still very active families improve their lives. in the Foundation. Her age is not slowing her down much Foundation and my family! In June, we celebrated these days. Whether she is sharing her love of learning Mom’s biggest birthday surprise arrived in the form of with elementary school children or inspiring innovation a $7 million check presented by the Dollar General a huge milestone: Mom’s 90th birthday. among global technology leaders, Mom continues to Literacy Foundation for the Barbara Bush Foundation Adult spread the message of literacy. Literacy XPRIZE. She is excited about the Foundation’s future, including the recent partnership with XPRIZE that will When we approached Mom about celebrating her lead to the creation of a large-scale innovative solution birthday to help raise funds for the Foundation, she was to tackle low-literacy. reluctant at first. It took gentle persuasion to convince her that you only turn 90 once, and that celebrating this Mom blew out the candles and enjoyed sharing her special birthday would be a wonderful way to honor her birthday with her friends and family, while continually great work as a literacy advocate. expressing her gratitude for the funds raised to help expand the family literacy programs in key states. Over 400 close friends, family and supporters of the We honored Mom, and in return, she honored the tens Foundation traveled from far and wide to Kennebunkport, of thousands of families who have benefited from the Maine, to attend birthday celebration events and show Foundation’s family literacy programs. Mom had so their deep affection and appreciation for our mom. With much fun that now we may start planning for her 95th heartfelt emotion and joy, my siblings and I shared our birthday party! favorite stories about our mother and the lessons that we have learned from her throughout the years. I shared that among the many things Mom has taught me, I particularly value her advice to make the world a better place by leading with love because that is what really matters. Through her passion and commitment to literacy, she continues to inspire the Foundation’s leadership and team DORO BUSH KOCH to think creatively, and to be innovative and bold in finding Honorary Chair of the Board

6 Our mission is to establish literacy as a value in every home in America. 7 CHAPTER 3 CHAPTER 4 TH 25 ANNIVERSARY EVENTS TEEN TRENDSETTERS • JASHLYN’S STORY

The Foundation’s 25th Anniversary celebration resulted in many new Jashlyn is an ambitious 16-year-old who plans to become a supporters. We would like to spotlight the effort in Palm Beach. veterinarian! She’s a big dreamer, does well in school, and is the first in her family to plan to attend college. Jashlyn has been a mentor in the Teen Trendsetters™ program for the Building on a programming of The Magic Tree House children’s past three years. She’s mentoring Jessica, an extremely shy commitment in Palm Beach County and books. seven-year-old who has struggled in school. across South Florida that spans more than a decade, these events represented The Foundation is particularly grateful Jashlyn took Jessica under her wing and devoted herself a new opportunity to increase community to the following benefactors of its first to helping her improve her reading skills. They meet once awareness in the region and build on foray in Palm Beach: a week. In just 24 weeks, Jessica’s reading skills have our “story” in South Florida. The island Ms. Danielle Hickox Moore, Mary Alice improved by an entire school year. Jashlyn gave Jessica a friend to share her reading adventures with, but even more of Palm Beach is globally renowned for Fortin Foundation importantly, she gave her the gift of a second chance. its compelling levels of philanthropic Mrs. Marjorie S. Fisher & Julie F. and activity. Four intimate “thank you” Peter Cummings And so did you. Former Palm Beach Mayor gatherings were held over four days Mr. and Mrs. Jeffrey Fisher Lesly Smith and Danielle Hickox for donors and guests. Ms. Chris Evert Your donations to the Barbara Bush Foundation for Family Moore with the Mary Alice Fortin Literacy have helped to fund family literacy programs, and Foundation Ambassador & Mrs. Al Hoffman, Jr. continue to help make a difference in the lives of children A lead gift from the Mary Alice Fortin Mr. and Mrs. Gerald R. Jordan, Jr. like Jessica. Foundation enabled the Foundation Mr. and Mrs. Paul N. Leone & to form “early learning education” The Breakers Palm Beach partnerships in the area. Thanks to this Mr. and Mrs. Charles Schumacher generous gift, a statewide summit Ambassador and Mrs. Craig R. will be held in early 2016, which will Stapleton bring nationally renowned early learning Mr. and Mrs. Leo A. Vecellio, Jr. experts to share the latest research and innovative strategies with educators with additional underwriting and childcare providers from across support from: FAMILY LITERACY PROGRAM ACHIEVEMENTS Florida. Mr. and Mrs. Jose F. Fanjul, Sr. Mr. and Mrs. Stanley N. Gaines The Barbara Bush literacy programs were at risk programs, on average, improved Mrs. Marjorie S. Fisher made a Mr. and Mrs. Martin D. Gruss Foundation empowers for developmental delays. By their literacy skills by two grade special programming gift as well, Ambassador Earle I. Mack families and improves the end of the year, only 14% levels in one year. and was represented at events by Ambassador Mary Ourisman remained at risk, representing Julie F. Cummings (above) her daughter, Julie F. Cummings. futures by encouraging discusses the gift made by her the pursuit of learning a 70% decrease in the number • Elementary students began mother, Marjorie S. Fisher (below) The week included a special gift from at any age. of children at risk for develop- Teen Trendsetters™ programs, the Foundation to 300 third-graders mental delays. on average, at least 9 months served by our local programs. They • Nearly half of all preschoolers behind in reading. More than were bussed to the Kravis Center for • Parents enrolled in the 40% ended the school year the Performing Arts for a special stage (46%) entering Barbara Bush performance about reading by off- Foundation family Foundation’s family literacy reading at grade level. Broadway actors, and they were treated Kathy and Paul Leone, with to a book giveaway by Doro Bush Koch Doro Bush Koch

8 Our mission is to establish literacy as a value in every home in America. Our mission is to establish literacy as a value in every home in America. 9 CHAPTER 5 FAMILY LITERACY • VICTORIA’S STORY

Victoria is a young mother with big dreams. She is now on track to fulfill her mission of helping children who face health issues, but her path has not been an easy one.

Education was not a value in Victoria’s childhood home, As she watched Everett grow into a toddler, she became and consequently was not important to her as a child. increasingly motivated to build a better life for her son and At age 12—already a rebellious pre-teen—she was herself. It became clear to her that education and literacy diagnosed with Type 1 diabetes. She cared more about were the keys to the stability and self-sufficiency that she so fitting in with her peers than managing her disease. Her desperately desired. schoolwork suffered as her rebellion increased and her health declined. “Becoming a mother really changed my whole outlook,” reflects Victoria. “My son deserves the world, and I wanted At age 14, Victoria was admitted to the Barbara Bush to be able to give it to him without having to depend on Children’s Hospital in Portland, Maine, where she spent anyone else for help. But in order to do that, I knew I would four months to stabilize her condition and receive diabetes need to find a way to pursue my education.” management education. Her doctor warned that if Victoria relapsed after she was discharged, he would recommend She found that opportunity at the SAIL Into Literacy program removing her from the family home. Soon after she in Bath, Maine, which was founded via a planning grant returned home, Victoria’s desire to be “normal” once again from the Barbara Bush Foundation for Family Literacy. While overcame her drive to take care of her health, and she Victoria works to achieve her educational goals, she has returned to her self-destructive habits. the comfort of knowing that Everett is just down the hall in his own classroom. Everett is 18 months old, and his One night, Victoria’s parents received a phone call they instructor says that he has shown a “leap of progress” in his had been dreading, and within minutes she was taken pre-literacy skills since joining the program. from her family and placed into what she describes as a “cold, unsupportive” foster care home. While her physical Victoria reports that she has definitely seen an improvement health improved in foster care, her emotional health was in Everett’s ability to understand and communicate. She worse than ever. She recalls that she cried daily, and that now makes an effort to spend more time reading to her her father drove nearly 100 miles round-trip to visit her after son, and says that some of his favorite books are ones work each day. about animals. He loves to sound out barnyard noises like “moo,” “quack,” and “neigh,” sending himself and his After 15 months in foster care, Victoria’s diabetes was back mother into fits of giggles. under control, and she was finally allowed to return home. But she had fallen even further behind in her studies. By Victoria is studying to become a Certified Nursing Assistant. her sophomore year of high school, she had only earned She plans to become a Registered Nurse, and hopes to “My son deserves the world, and five high school credits, and her highest grade was a D+. help children cope with health challenges. She now has the She dropped out of high school at age 16 after becoming opportunity to pursue a productive, meaningful career that I wanted to be able to give it to him . . .” pregnant with her son, Everett. will allow her to provide for her son. Thanks to the vital skills that Victoria and Everett are gaining from family literacy, they are both on a path to a brighter future.

10 Our mission is to establish literacy as a value in every home in America. 11 CHAPTER 6 THE LAUNCH OF THE XPRIZE

More than 36 million U.S. adults are low-literate, which limits not only their personal educational and career opportunities, but those of their children and future generations.

The innovators at XPRIZE shared our vision of taking a radical new approach to solving this problem. On June “A challenge and a 8, 2015—Mrs. Bush’s 90th birthday—we announced the Barbara Bush Foundation Adult Literacy XPRIZE presented reward: $7 million by Dollar General Literacy Foundation. This $7 million U.S.-based competition will incentivize the innovation, XPRIZE to create ed development, and proliferation of technology-based learning for adults to overcome one of the United States’ tech for adult literacy” greatest educational challenges, thereby strengthening the nation’s families, communities, and society as a whole. - Hechinger Report June 8, 2015; Online The XPRIZE competition will inspire meaningful collaborative development to address all five market failures that have perpetuated low adult literacy skills in Teams from around the globe will create mobile the United States: learning applications capable of significantly improving literacy skills for low-literate adults in just one year. The • Lack of access to services, solutions will overcome key barriers by improving access, • Limited community support, increasing retention, and scaling to meet demand, • Insufficient persistence for learning, empowering the nearly 1 in 6 low-literate adults living “XPRIZE may be best known for its efforts • Shortage of relevant content, and in the U.S. with the skills they need to improve their lives. • Inadequate scale. The impact of this competition will put learning tools in in space travel, but it’s also working to the hands of those who need them most, so learning can By integrating mobile technology solutions with happen anytime, anywhere. solve social problems here on Earth.” deployment strategies, educators, engineers, innovators, game designers, and technology experts from around The Barbara Bush Foundation Adult Literacy XPRIZE - TechCrunch the world will develop a new generation of adult literacy presented by Dollar General Literacy Foundation aims to June 8, 2015; Online learning tools that will be highly engaging, relevant, demonstrate a paradigm shift in how we approach adult scalable, supportive, and accessible to those in need. learning globally.

12 Our mission is to establish literacy as a value in every home in America. 13 CHAPTER 7 CHAPTER 7 FINANCIAL IMPACT

Last year was an incredible year for the Barbara Bush We are moving Foundation for Family Literacy. A significant amount of gifts were made in honor of Barbara Bush’s 90th birthday which FOR PERIOD ENDED JUNE 30, 2015 forward on the occurred at the very end of our fiscal year in June, resulting in $17 million and the support of many new donors to path of innovation, the Foundation. The funds raised are earmarked for the Barbara Bush Foundation Adult Literacy XPRIZE and family Unrestricted Temporarily Restricted Total technology literacy programs for the start of the 2016 school year. integrations, and REVENUES AND OTHER SUPPORT In the past year, the Board of Directors approved a three- Contributions $2,819,574 $5,917,370 $8,736,944 sustainability in year strategic plan. We are moving forward on the path of Special Events 9,111,764 — 9,111,764 innovation, technology integrations, and sustainability in key (Net of Costs of Direct Benefit to Donors of $308,897) key areas that areas that have proven to be successful. Nongovernmental Grants 962,900 — 962,900 Contributed Goods and Services 649,774 — 649,774 have proven to be While we are proud of the progress being made, the need Government Grants 827,000 — 827,000 is enormous. We believe education is a civil right, and your Investment Income 771,027 — 771,027 successful. continued support will help us extend that right fully to Other Revenue 3,777 — 3,777 families across the United States. Net Assets Released from Restrictions 27,962,673 (27,962,673) — Total Revenue and Other Support 43,108,489.00 (22,045,303) 21,063,186 Our pledge to you is that your donation will be used wisely and with full transparency. We are proud that fundraising costs are paid by the interest and dividends EXPENSES of our investments, allowing your donation to fund programs. Program Services: We’re one of only 200 education nonprofits rated “Gold” by GuideStar. Family Literacy Initiative 8,252,124 — 8,252,124 Mentoring Initiative 1,256,566 — 1,256,566

We are committed to providing the opportunity for every Total Program Services 9,508,690 — 9,508,690 man, woman and child in America to secure a better life through literacy. Support Services: General and Administrative 661,627 — 661,627 Fundraising 1,824,697 — 1,824,697

Total Support Services 2,486,324 — 2,486,324 $7 $10 Total Expenses 11,995,014 — 11,995,014 million million CHANGE IN NET ASSETS 31,113,475 (22,045,303) 9,068,172 Net Assets - Beginning of Year 4,295,501 27,962,673 32,258,174 XPRIZE programs NET ASSETS - END OF YEAR $35,408,976 $5,917,370 $41,326,346

14 Our mission is to establish literacy as a value in every home in America. 15 CHAPTER 8

Sam L. Cohen Foundation Jeanne and Kevin Quinn K12 Management, Inc. THANK YOU Comcast The Rosewood Corporation Kaplan University Peggy Conlon Mel and Betty Sembler Keiser University The Barbara Bush Foundation for Family Literacy wants to say a special thank you to the following Millie and Ken Cooper Kathleen Shanahan Peter Kellner corporations, foundations, and individuals whose financial support contributed significantly to the Crow Holdings, LLC Michael and Robin Shea KeyBank Dick and Betsy DeVos Family Foundation Stephen P. and Alicia Spenlinhauer Frank and Merrie Ann King Foundation’s growth in FY 2014–2015: Douglas and Maria DeVos Foundation George and Annette Strake/The Strake Foundation Sherri Lee, In Honor of Cordia Harrington John Dooner, In support of Peggy Conlon’s Leadership Subaru of America, Inc. Lile Family Foundation Hap and Robin Ellis Lisa and Kenny Troutt Lori Lilly Nancy Bush Ellis UNUM Group Ambassador Earle I. Mack $50,000+ Regina Rogers Jay and Jean Kislak ______E-Vents Registration, LLC* Walt Disney Parks and Resorts Worldwide* Andrew Maner Alice and David Rubenstein Mr. and Mrs. George Klein Hushang and Shahla Ansary William Stamps Farish Jeff and Charlotte Wandell Martin’s Point Health Care, Inc. Schlumberger Limited Gary A. and Trish Koch Vicky and S. Javaid Anwar Stephanie and Lawrence Flinn, Jr. Bruce and Elizabeth Webster Eugene McDermott Foundation Scholastic, Inc.* Kyra Solutions, Inc. Micky and Madeleine Arison Family Foundation Florida Crystals Corporation Daisy and John D. White McDonald Hopkins, LLC Shell Phil and Amy Mickelson AT&T Foundation Fluor Windhaven Insurance Company The Micah Foundation Ambassador and Mrs. Craig R. Stapleton The Mosaic Company Carol and Barney Barnett Stanley and Gay Gaines Mary C. Miller State Farm Jignashaben R. and Jaymin R. Patel $5,000 - $9,999 Blue Bell Creameries, LP Ambassador Bruce S. Gelb ______Julie and John Morrow Eva and Marc Stern PGA TOUR, Inc. Sandra and Michael Brown Richard Gilder and Lois Chiles Murchison Capital Partners L. P. SunTrust Foundation Twanna and Don Powell A Plus Pro Photo* Al Cardenas Gravina, Smith, Matte & Arnold* Naples Daily News* Target® The Honorable J. Danforth Quayle and Mrs. Quayle Tory and Dick Agnich Chesapeake Energy Audrey & Martin Gruss Foundation Nancy B. Negley The Thrive Foundation for Youth/King Innovation Fund Jeff and Kim Rice Margaret Alkek Williams & Randa and Charles John and Mary Higgins Clark Conheeney Cordia and Tom Harrington Roxann and Tim Neumann Owen and Annie Wells Dorothy L. & Henry A. Rosenberg, Jr. Foundation Williams/The Alkek and Williams Foundation ConocoPhillips Mr. and Mrs. James A. Haslam II Northern Trust - Michael Orfini Steve Wynn Rugged Elegance Foundation Allie Beth and Pierce Allman Flora C. Crichton Mrs. Theo Hayes Sally J. Novetzke, Former Ambassador to Malta Andrew Sabin Family Foundation Bangor Savings Bank Rose and Harry Holmes Cullen $25,000 - $49,999 Heritage P & C Insurance Co. Alice and Erle Nye ______Sammons Enterprises, Inc. The Bank of Maine Charitable Foundation Robert A. Day The Hoglund Foundation Ralph and Becky O’Connor Mr. and Mrs. Charles Schumacher Patricia A. Bible Dollar General Literacy Foundation Margaret Antonier Homeowners Choice Edith and Peter O’Donnell, Jr. Brent Scowcroft and Karen Scowcroft Nicki Bongiorno Bettina Doulton Placido Arango Interpublic Group Oncor Sam and Honey Skinner Linda C. Buford Phyllis and Bill Draper Craig and Barbara Barrett Peter and Meghan Jannotta Ambassador Mary Ourisman Sarah R. Soter The Honorable George H.W. Bush The Farmer Family Foundation John T. and Theresa Elmore Behrendt JM Family Enterprises, Inc. Dian Graves Owen Foundation The Starr Foundation and Mrs. Barbara Bush Mrs. Marjorie S. Fisher BP Corporation North America, Inc. Ambassador Brenda L. Johnson Arnold and Kit Palmer Marianne and Roger Staubach CapTrust Advisors, LLC Cherie and Jim Flores Stephen F. and Camilla T. Brauer Mark and Sherry Kaplan James A. and Dot Patterson Mr. and Mrs. Timur Tillyaev Charlene Carroll Florida Department of Education The Breakers Palm Beach* Kimberly-Clark Corporation F. Fred and Stephanie Pezeshkan United Health Foundation Cherokee Crossroads, Inc. Florida Trend* Scott and Patrice Brickman Family Foundation Kroger Brenda and Glenn Picquet United Technologies Corporation John and Diana Colgate Ms. Danielle H. Moore/Mary Alice Fortin Foundation Bridges of America Michele and Jack Lafield Random House Publishing Group Mr. and Mrs. Leo A. Vecellio, Jr. Collier Enterprises Management, Inc. Sam and Marilyn Fox Chevron Mr. and Mrs. Ryan M. Lance Topper Ray and The Bravo Group Foundation Wallace Events* James M. Collins Foundation Sandy and Bert Getz Carol Higgins Clark Nick and Nanci Lanni Mr. and Mrs. Robert E. Rich, Jr./Rich Family Ward & Ames Special Events* The Sidney and Charline Dauphin Foundation Dava Guerin and Terry Bivens Ambassadors Chuck and Sue Cobb/Cobb Family Dan Lufkin/The Lufkin Family Foundation Foundation Wheelock Whitney and Kathleen Blatz Richard and Helen DeVos Foundation Donald J. Hall Foundation Maersk Oil Houston Inc. Peter and Lee Ann Rummell Mr. and Mrs. John Winthrop FineMark National Bank and Trust Lyda Hill The Comcast Foundation Anne and John Marion Silver Eagle Distributors Charitable Fund Mr. and Mrs. Jeffrey H. Fisher Henry L. Hillman Vinny and Fran Cucchiara $10,000 - $24,999 J. Willard Marriott, Jr. Foundation Ken Sneeden and Associates, LLC* ______Florida Gulf Coast University Ambassador and Mrs. Al Hoffman, Jr. Governor and Mrs. John Engler Jerry and Madalaine McDaniel Southern Methodist University’s Annette Caldwell Elizabeth and Dirk A. Frater JPMorgan Chase & Co. Chris Evert Charities Ambit Energy Holdings, LLC Vince and Linda McMahon Family Foundation Inc. Simmons School of Education and Development Ann and Sam Furrow Nancy and Rich Kinder Exxon Mobil Corporation AT&T Medical City Dallas Special Publications, Inc.* Bob and Becky Gates Natalie and Herb Kohler Fidelity Charitable Gift Fund Kevin Bakewell Gary and Tess Melvin Susan Story Geico Philanthropic Foundation Libra Foundation Florida Lottery The Baldinger Family, In Loving Memory of Rob Mosbacher Jocelyn and Joseph R. Straus, Jr. Michelle Staubach Grimes Marlene and Frederic V. Malek Jeffrey P. Frieden Estelle Baldinger The Ginger Murchison Foundation Mary and Mike Terry Dawn and Toby Grove Linda McIngvale Wally and Sandy Ganzi/Palm Restaurant Group Emy Lou and Jerry Baldridge The News-Press Media Group* The Tolleson Family Foundation Gulfstream Media Group* Steven and Sheila Miller Foundation Jane and Roger Goodell Jean Becker Gena and Chuck Norris Dorothy “Dee” Collins Torbert Sondra Haley John and Jeanie Morris Marc and Kris Granetz David and Karen Beré Foundation Ohio Chamber of Commerce Transamerica Life Insurance Company Betsy Heminway myOn, a Business Unit of Capstone* Tim Harrington Louie and Annie Bigliani Educational Foundation Gwynn Cochran Virostek David Hover Palmetto Partners Ltd./The Robert & Janice McNair Al G. Hill, Jr. Sheri and Joe Boulos Pierce and Ashley O’Neil Jackson Walker L.L.P. Betty Hrncir Foundation Forough and Mori Hosseini Ambassador Nancy G. Brinker Missy and Sam Palmisano/The Inglesia Charitable James W. Walker II Louise Hurlbutt Jim and Mary Pattison The Men and Women of Hunt Consolidated, Inc. Brown & Brown Public Risk Insurance Agency Trust The Honorable Marilyn Ware Peter and Jan Jacobsen Prudential Financial Hyatt Regency Coconut Point Resort and Spa* Barbara Bush Children’s Hospital at Peoples Trust, Inc. Mrs. Ted Welch Tom and Edwina Johnson Family Foundation Publix Super Markets Charities, Inc. The Jansing-Cook Foundation Maine Medical Center Premier Beverages* Wells Fargo Bank Michael and Brenda Jennings Ed Rachal Foundation Mr. and Mrs. Gerald R. Jordan, Jr. Bill and Catherine Cabaniss Larry and Jean Pugh Bob Wise Jan and Trevor Rees-Jones Bobbie and Bill Kilberg Carnival Foundation Gene and Jerry Jones

16 Our mission is to establish literacy as a value in every home in America. *indicates donation of in-kind goods or services 17 CHAPTER 9 Doro Bush Koch, Honorary Chair, Liza McFadden, President and CEO, Barbara Bush Foundation Barbara Bush Foundation Author, philanthropist, and businesswoman As president and CEO, Liza McFadden has Doro Bush Koch shares her mother’s belief drawn on her 20+ years of experience BOARD GOVERNANCE in the power of literacy to change lives, and leading visionary change to keep the stepped into the role of honorary chair for Foundation on the forefront of the national the Foundation in 2014. She has authored literacy movement. She previously served two books about her father, Former President in the Executive Office of Florida Governor George H. W. Bush, and is a founding partner Jeb Bush, where she supervised numerous in BB&R Consulting. innovative education strategies.

My fellow board members and I take very seriously Timothy E. Gage, Esq., Comcast James E. Nevels, The Swarthmore Group The Barbara Bush our responsibility to ensure the financial integrity of Attorney Timothy Gage currently serves as With more than 25 years of experience senior vice president of government/regulatory in the securities and investment industry, the Foundation. This oversight authority includes the Foundation for Family and public affairs for Comcast, and is actively James Nevels now serves as chairman of the Foundation’s current and future financial stability, and engaged in numerous telecommunications- Swarthmore Group, an investment advisory Literacy is committed to stewardship of the Foundation’s assets. focused boards, associations, and initiatives. firm which he founded in 1991. He is also the Gage previously served as vice president chairman of the Hershey Company Board of accountability, efficiency We have created our investment portfolio through careful of law and government affairs for AT&T Directors. and conservative management, with the primary objective Broadband, and as an assistant district attorney in Massachusetts. and transparency, with of protecting the principal investment. We have set a goal that the revenue from our investments is used to cover Jean Becker, Chief of Staff to President Mark Kaplan, The Mosaic Company the ultimate goal of fundraising costs, thus maximizing donations to be used George H. W. Bush As senior vice president of public affairs, directly for program services and necessary administrative Jean Becker is chief of staff to Former President Mark Kaplan oversees Mosaic’s internal and George H. W. Bush, and previously served as external communications, public policy and oversight. Our Investment Committee is composed of a maximizing the impact deputy press secretary to First Lady Barbara government affairs, community relations, stalwart group of business professionals, most of whom Bush. Drawing on her expertise as a former philanthropy, and social responsibility and of your generosity. serve in investment management capacities with national journalist, she has assisted President and Mrs. sustainability initiatives. Prior to joining Mosaic, organizations or were appointed for their business acumen. Bush with the research and editing of three Kaplan served as chief of staff to Florida autobiographical books. Governor Jeb Bush and on Florida’s State We are also guided by the oversight of a separate Audit Board of Education. Committee, and I am pleased to report a financial audit Governor Bob Wise, Alliance for Peggy Conlon with no findings. Excellent Education Prior to her retirement in 2014, Peggy Former West Virginia Governor Bob Wise is Conlon served as president and CEO of the Because the Foundation moved from a donor-advised president of the Alliance for Excellent Education, Advertising Council, an organization that fund to a public charity only a few years ago, one of a nonprofit organization and national leader for mobilizes more than $1.6 billion of advertising transforming the nation’s high schools so that all the board’s top priorities is an ongoing effort to diversify time and space annually. During her tenure students graduate prepared to succeed. He is also at the Ad Council, she played an instrumental the income stream. This past year we received several author of an influential book on high school reform role in organizing the entire advertising TIM GAGE significant major gifts, and our first two planned gifts. We and chair of the National Board for Professional industry to address national and global crises. Board Chairman continued to expand our social media efforts and appeal Teaching Standards. to both large and small donors. Mrs. Bush’s kind offer to allow us to use her 90th birthday as a fundraiser brought Craig Denekas, Libra Foundation Tricia Reilly Koch, BB&R Consulting many new donors to the Foundation, and we believe this Craig Denekas serves as president, CEO and Tricia Reilly Koch is the founding partner of is the bedrock upon which we can build our newly formed trustee of the Libra Foundation, a private and lead presenter at BB&R Consulting. She grant-making charitable foundation in is a Board Certified Holistic Health Counselor development efforts. Portland, Maine. His community endeavors and nutrition expert who has studied health include service on the boards of trustees for and wellness for more than 25 years, and We – the staff and the board – share a commitment the Maine Public Broadcasting Network, the is committed to helping others develop a to making the best possible investment of our donors’ Portland Public Library, and the Iberdrola USA deeper understanding of healthy foods and contributions, which allow us to make a lasting investment Foundation. lifestyle choices. in the future of our nation’s children and families through literacy. David L. Beré, Nonni’s Foods, LLC Gloria Portela, Seyfarth Shaw Currently serving as chairman of Nonni’s Attorney and mediator Gloria Portela serves Foods, LLC, David Beré has a long history of as senior counsel in the Houston office of leadership in the food and retail industries. international law firm Seyfarth Shaw LLP. He previously held leadership roles with Dollar She serves on the boards of CHI Baylor St General Corporation, Bakery Chef, McCain Luke’s Medical Center and Houston Grand Tim Gage Foods USA, and Quaker Oats Company. Opera; the governing council of the Shepherd School of Music at Rice University and the advisory council of the Greater Houston Community Foundation.

18 Our mission is to establish literacy as a value in every home in America. 21