Welcome

In a year of unusual challenges, the Princeton Area Community Foundation made several thoughtful changes to respond to an economic climate that continues to test our community’s capacity to care for its most vulnerable.

>> We refocused our mission, placing the promotion of philanthropy front and center.

>> We reaffirmed our role as a resource to nonprofits, donors, and the area’s attorneys, accountants and financial planners. By helping all of them we strengthen our community’s ability to take care of itself forever through permanent endowments that remain meaningful over time.

>> We challenged ourselves to increase our community grantmaking. Many of you have joined us to help, and as a result, in 2009 over $1 million in grants will be awarded through our competitive grantmaking.

>> We revised our grant guidelines, expanding them to provide more flexible, operating support for organizations that work with low income people. And we raised the dollar limit to $25,000, to give local nonprofits the resources they need to do their best work.

>> We elected Ann Reichelderfer Esq. to chair our board. She is providing wise leadership in uncertain times.

Together these actions underscore the Community Foundation’s capacity to be flexible and relevant, to respond nimbly, and to connect its many partners “to advance the well-being of our communities.”

We thank you for your steadfast support and hearty encouragement.

Nancy W. Kieling Ann Reichelderfer Esq. President & Executive Director Chairman of the Board

Field-of-Interest funds help donors direct their gifts charitable funds broadly and create The following funds are all part of the Princeton Area Community Foundation. Created to promote and support the ideals of its founders, each fund has its own permanent legacies grantmaking focus. in the areas of their greatest passions. Community Grantmaking Funds are created by donors to support the changing needs of the area through Greater Mercer Grants, a competitive grants program open to all nonprofit organizations in the region. Since she was ten years old, Diane Dixon was devoted to the performing arts. She started the Theater Guild of New Jersey, promoting unknown actors and giving undiscovered playwrights the chance Tristan Beplat Fund The Fund for Mercer County Marjorie R. Smoyer Fund Charles L. & Ann Lee Brown Fund Archer & Thomas Harvey Fund* Stanley C. Smoyer Fund to see their work performed. When Diane died in 2001, her will established the Diane Dixon Fund at the James E. & Diane W. Burke Fund Robert Wood Johnson Jr. Fund Speir Fund Community Foundation to continue her lifelong work of bringing the arts into people’s lives. Judith & William Burks Fund II Learning Fund Frank E. Taplin Jr. Fund Jane M. Campbell Fund Leroy E. “Brick” Purvis Trenton Community Fund Her good friend, Lydia Kugler, was executor of Diane’s will. “The Community Foundation was Esther Y. Eure Fund Charitable Fund Weymar II Fund incredibly responsive,” Lydia says. “I sat down with them and talked about Diane’s love for theater. They Founders’ Fund for LVC Fund* Whitehead Fund Greater Mercer County Barbara B. Smoyer Willy N. Fund were genuinely interested in getting to know what Diane was all about. They’d say, ‘We’d like your input; Memorial Fund this is what we propose to do with Diane’s gift.’ “They were very forthcoming with information, and I can’t say enough about their willingness to Field-of-Interest Funds keep me involved. I get calls on a regular basis to keep me updated on how Diane’s fund is doing, and are created by donors to invest in areas they care about, such as education, health, the arts, where they’re making their grants. or a specific geographic region. “Diane was born and raised in Robbinsville,” Lydia says. “She was instrumental in seeing that Rebecca Annitto’s Service Educational Initiatives Fund Kuser Arts Fund Opportunities for Students Environmental Fund Mental Health Fund the new Senior Center there would have a stage for performances and would welcome the arts. When (SOS) Fund Fund for Women & Girls Princeton Youth Fund the Foundation is giving grant money to the Robbinsville High School drama club, it’s fitting to Diane’s Diane Dixon Fund Dorothy E. Katz Hopewell Valley Safe Child Fund of New Jersey Reading & Recreation Fund memory that she’s still involved in Washington Township in the arts and the plays. And she is smiling about that, I can tell you right now. “I think the Community Foundation is incredibly sensitive to what I believe Diane’s intent would Designated Funds be. Diane gave some money to several other organizations directly, but in many instances there were are created by donors to support specific nonprofit organizations or projects. They can be no specifics from them, nor any correspondence with me, as executor, about how the money was to set up to provide support in perpetuity or to be spent over a period of years. be used. By contrast, the Community Foundation is keeping me apprised of everything that is going on Blair Family Fund J. Seward Johnson Sr. Princeton Hospice Fund Judith & William Burks Fund III Environmental Education Fund* Princeton Hospital with the funds and where they are using the grant money. Alicia Cascallar Memorial Fund J. Seward Johnson Sr. Princeton Chaplaincy Fund “Diane Dixon wanted to make a name for the arts in New Jersey. She didn’t have time to do all Alexander Michael Dodson Recreation Scholarship Fund* Province Line Fund Memorial Scholarship Fund* Montgomery Veterans Lloyd H. Snyder Music Fund that on her own, but the Community Foundation is going to make sure that it happens.” Friends of Mercer County Memorial Fund Spirit of Princeton Fund Equestrian Center Fund* New Hope Solebury Leslie Vivian Memorial Fund Thomas George Fund Education Fund John Witherspoon Middle School Gilder Park Revitalization Fund Aimee Eve Polak Memorial Fund 8th Grade Washington, DC Herbert W. Hobler Fund II Scholarship Fund* 2 Princeton Area Community Foundation >> Annual Report 2008 To give broadly is powerful and grand.

Advised Funds allow donors to suggest beneficiary organizations, taking advantage of guidance and information from the Community Foundation. Herbert & Fay Abelson Fund Ronald R. & Susan C. Hahn Els & Peter Paine Fund Scholarship Funds Susan & Charles Artandi Fund Charitable Fund Elly & Giorgio Petronio Fund are established by donors who want to accomplish specific educational objectives or Hester Bates / Fries Family Gift Fund Hardy & Henifin Family Fund Plebney Trust underwrite opportunities for students. B.S. Berlin Foundation Fund John F. & Margaret T. Harper Fund Allen D. & Rhona W. Porter Fund Dr. Louis B. Boxer Memorial Fund* Harvey Fund Princeton Regional Chamber of Greater Mercer County General Rachel Fink Memorial Louise Maas Allied Health Boyer-Rohlf Family Fund Adrianne Ivy Hassell Fund Commerce Foundation Fund Scholarship Fund Scholarship Fund Professions Scholarship Fund Ted Boyer Sr. Memorial Fund Katherine Hatton & Richard PNC Fund Princeton Post No. 76, American Shirley Irons Forrest, Class of 1938 Ronald & Helena Macklin Henry & Barbara Broad Fund Bilotti Fund Ravelli Fund Legion Scholarship Fund & John R. Forrest, Class of 1937 Scholarship Fund Bromley Family Fund Sylvia Taylor Healy Fund Reichelderfer-Blair Fund Art Directors Club of New Jersey Memorial Scholarship Fund Michael McGarry Skowronek Alexander K. & Sara L. Buck Fund Virginia Hendrickson Fund Robert’s Rule Fund Scholarship Fund Sandra M. Glazier Memorial Fund Memorial Scholarship Fund Harrison & Nancy Buck Fund Elissa S. Herst Philanthropic Fund Jim Roberts Jazz Bethany Scholarship Fund Institute for Advanced Study Trenton Scholarship Fund N. Harrison Buck Jr. Fund Herbert W. Hobler Fund Scholarship Fund Frank Clark Memorial Fund Preschool Scholarship Fund Mary Elliott Wislar Memorial Fund Judith & William Burks Fund Cynthia S. & William L. Horr Jr. Fund Robichaud Fund Frank, Ada, and Elizabeth A. Myrtle Hensor Teaching Whip Burks Family Fund Allen N. & Ann L. Jones Family William & Maeryn Roebling Fund Compton Scholarship Fund* Scholarship Fund James & Kathleen Cahill Foundation Fund Rosso-Maguire Fund Sidd Kramer Memorial Fund Charitable Trust Fund K2TOG Fund* Russo Philanthropic Fund Vincent & Sonia Canterelli Pamela S. & John F. Kelsey III Fund Sanderson Family Fund Charitable Fund* Kieling Family Fund Schreyer Fund Stuart Carothers Family Fund Olivia Michelle Kuenne Roddy Scott Fund Nonprofit Funds Charry Family Fund Rainbow Fund Martin Siegel Community Fund these nonprofits have created funds to support programs, operations, or capital improvement Circle of Anonymity Fund* Jeanne A. LaPlaca Fund Sienkiewicz Family Fund Civitas Foundation Fund Lasley Fund William & Hilda Spingarn Fund Anderson House* National Junior Tennis League of Princeton Girlchoir* Morton & Donna Collins Fund Ann & Leighton Laughlin Fund Spinner Family Fund ARC/Mercer Trenton* Princeton Pro Musica Considine Family Fund Peter & Dorothy Lawson- Austin C. & Ann P. Starkey Fund Better Beginnings Child Care New Jersey Policy Perspective Princeton Senior Resource Center D’Arcangelo & Dippold Family Fund Johnston Fund Philip Stein Metrology Center New Jersey Press Foundation* Princeton Symphony Orchestra P.J. Dempsey Family Fund Richard J. and Neil Ann S. Education Fund Crawford House* New Jersey State Stony Brook-Millstone Watershed David Dobkin & Suzanne Levine Fund* Stokes-Brown Fund Friends of Capital Preparatory Horticultural Society Association* Gespass Fund William & Nancy Lifland Fund Taft and Partners Charitable Fund* Charter High School PEI Kids Trent House Association* Dobson Family Fund Lumenaria Fund Thomas Fund Friends of the New Jersey People & Stories / Gente y Cuentos Trenton Area Soup Kitchen Dodson Emerson Family Fund* Ronald & Helena Macklin Trenton Free Public Library Fund* State Museum Pinelands Preservation Alliance United Way of Greater Ann & Gordon Douglas Fund Family Fund UBS Financial Services — Friends of the Princeton Planned Parenthood Association Mercer County East ’86 Cares Fund Maggion Family Fund Princeton Fund Public Library* of the Mercer Area* Waldorf School of Princeton* Egan Fund Reverend Joseph P. Anne VanLent Fund HomeFront* Princeton Community Housing Ellerslie Fund Marron C. M. Fund Martha & George Vaughn Fund Erickson Family Fund Shirley & Art Martin Fund John Duncan Wallace Jr. Charles G. Ewing Charitable Fund McAlpin Fund Memorial Fund Fannie & Jim Floyd Fund Sean McGrath Fund Wallace-Gibson Kinny Hubby Gallup Memorial Miller Family Fund Grandchildren’s Fund Operating Funds Skating Fund D.P. Miller Fund F. Helmut & Caroline Weymar Fund Moore Gates Jr. & Audrey W. Mills Foundation Fund Myra & Van Zandt Williams Jr. Fund sustain our continuing work to build and nurture community philanthropy. Gates Fund Minter-Yuan Family Fund Wilson Fund* General Fund — The Community Nancy W. Kieling Fund* Future Fund — The Community Gips Fund Margaret Morgan Fund WiMG Community Foundation’s Operating Fund Blair-Reichelderfer Fund Foundation’s Operating Andrew & Carol Golden Fund Newton Family Fund Advancement Fund Thomas & Archer Harvey Fund* Field Family Fund Endowment Rachel & Charles Gray Fund NRG Energy Fund* Wojciechowicz Fund Catherine Guerrera Charitable Fund Ober Family Fund David T. Zing Memorial Fund *new funds established between January 1, 2008 and June 30, 2009 Gordon & Llura Gund Fund Orchard Fund Princeton Area Community Foundation >> Annual Report 2008 3 You make the difference. We make it possible. G i f t s The Community Foundation’s assets are built by many people, one gift at a time. The Following individuals and organizations made gifts of more than $1,000 between January 1, 2008 and December 31, 2008, or supported the Community Corporations Foundation’s 2008 Annual Appeal. BlackRock Merrill Lynch Global Private Pro Football Hall of Fame Borden Perlman Client Group Robert Half International We regret that space cannot allow the listing of all donors and offer our sincere Brian J. Ganton & Associates NRG Energy Schwab Fund for Goldman, Sachs & Co. Matching Ortho-McNeil Janssen Charitable Giving thanks for gifts in any amount. Gift Program Pharmaceutical Services Smith Design Associates IT Solutions Premier Research Taft & Partners Merck Partnership for Giving Princeton Township PBA 387 Taking Back Sunday Friends and Family In Honor of: In Memory of: Deborah Aubert Thomas Rebecca Annitto Dr. & Mrs. William Burks Alexander Dodson Foundations, Trusts, and Estates Bryan Clontz Esther Eure Mary Owen Borden Foundation Robert Wood Johnson Foundation Charles G. Ewing Charitable Donna Di Lorenzo Jeanette K. Grover Dechomai Foundation Margaret Mayhall Lead Unitrust Michelle Emerson & Daniel Dodson Eleanor Guerci Harold Wetterberg Foundation Moore Foundation Twin Chimney Inc. Ken Field Marcia Harman The Emily and John Piper Sutton Foundation Vanguard Charitable Norman Harvey Kathryn Harris Harvey Foundation Rita Allen Foundation Endowment Program Christine Hipp Arthur S. Lane J. Seward Johnson, Sr. 1963 The Schreyer Foundation Wood Family Foundation Nancy Kieling Sean McGrath Charitable Trust Silicon Valley Chris Lokhammer Charles Robinson Community Foundation Russell Marks Barbara Smoyer Mimi Mount Robert C. Sturken Ellen Petrone Jill Blanford Vincent Ann Reichelderfer Kathleen Wilson Michael Saraf Community Organizations American Legion Post No. 76 HomeFront Princeton Senior Resource Center Anderson House John Witherspoon School PTO Princeton Symphony Orchestra Resource Partners Arc/Mercer New Jersey Press Rotary Club of Montgomery / Boys & Girls Club of Trenton/ Association Foundation Rocky Hill Foundation Borden Perlman Harbourton Foundation The Times of Trenton Mercer County New Jersey Policy Perspective Shepherd Foundation Dechomai Foundation PNC Bank UBS Princeton Crawford House PEI Kids Trenton Council of Educational Testing Service Princeton Regional Chamber of Elm Court People & Stories/Gente y Cuentos Civic Associations Commerce Foundation Friends of the NJ State Museum Planned Parenthood Association United Way of Monmouth County Friends of the Princeton of the Mercer Area Women in Development of Public Library Mercer County

4 Princeton Area Community Foundation >> Annual Report 2008 Nonprofit funds help organizations manage their assets and simplify Individuals administration. Robert & Dorothy Baldwin Rob Gips & Karen Harris Maureen Marron Wendy Benchley Linda G. Gochfeld & Michele Minter & Jeff Yuan Richard Bilotti & Katherine Hatton Robert Mehlman David S. Mulchinock The Friends of the New Jersey State Museum have four permanent endowment funds within the Ted Boyer & Jane Rohlf Andrew & Carol Golden Kenneth Nahum & Community Foundation. Executive Director Nicole Jannotte, pictured above with New Jersey State Glenn & Jane Brewer Jack & Joan Hall Ann Marie Walsh Whip & Sally Buck Howard W. Hardy, MD & Bruce & Susan Nettleship Museum Executive Director Eric Pryor, recalls how her trustees came to that decision. “Our board Bill & Judy Burks Mary Sue Henifin, Esq. Milton & Ellen Newman wanted someplace that was safe and dependable. The makeup of the Community Foundation, the skills Ellen Charry John & Margee Harper David Newton Douglas J. Coleman & John Hatch & Rick & Carol Ober that its board brings, knowing that its trustees include great financial advisers—all of that led to a high Shawn A. Coleman W. David Henderson Irving & Sylvia Ragen level of trust for us. Betty Anne Cooper Adolf & Patricia Herst Kerri Ratcliffe & Robert Henderson Debby D’Arcangelo & Ed Dippold Helene A. Hill Jay & Amy Regan “We put our funds in the Community Foundation, and we’ve been very happy ever since,” she Robert & Mary Ellen Darretta Dr. & Mrs. Richard M. Hochman Ann Reichelderfer & Douglas Blair says. “I call and get information and results by the end of the day. That gives me more time to focus on Pamela J. Dempsey Eleanor Horne Susan C. Robichaud Andy Dobson & Annarie Lyles Cindy & Bill Horr Joseph & Beth Rooney raising funds for the Museum.” Joseph & Lorraine Donnelly Brandon & Lynette Hull David & Ruth Scott Her organization’s assets are pooled with the Foundation’s other 250 funds. That means Harold & Cambria Dunaway James F. & Susan Norris Rose Jatin J. Shah Hugh Dyer Revocable Living Trust John Sienkiewicz high-caliber financial management and exposure to a wider range of investments. “We even have the Michelle Emerson & Betty Wold Johnson Carl & Linda Skowronek option of moving money into short-term instruments,” Nicole says, “if we need to pay for construction Daniel Dodson Jeannie Jones Mr. & Mrs. John G. Small Billie Emmerich Jared, Nancy & Gretchen Kieling Andy & Lisa Smukler or expansion. Jane Engel Carroll K. King Elsa Soderberg “The Community Foundation staff also pitch ideas to us about whom to talk to. We have a Liz & Jon Erickson Paul Klug & Kathleen O’Brien Barry & Nerma Spingarn Laurence R. Fieber Sally Lane Barney & Barbara Straut personal relationship with them and feel that they are interested in the organization itself, above and Kenneth W. Field CPA Peter & Dede Lawson-Johnston Ted & Penny Thomas beyond taking care of our endowment. Everybody I know who’s involved with them seems to have that Peter Flynn Richard J. & Neil Ann S. Levine Tom Van Wagner Bob & Mary Garrett William & Nancy Lifland Anne VanLent kind of experience. Moore & Audrey Gates Duncan & Nancy MacMillan Jack & Happy Wallace “It’s important that anyone we work with be able to articulate our mission clearly. The Community Thomas George Debra Maldonato F. Helmut & Caroline Weymar Ann Gips Anna Marron Van Zandt & Myra Williams Foundation knows how to explain what the Museum is doing, what we need, why we’re valuable. So we Donald Gips & Elizabeth Berry Donald & Susan Wilson trust what they’re saying, and whom they’re saying it to.” Like the Community Foundation, Nicole’s nonprofit looks beyond itself and sees a fabric, not just the single thread of its own mission. “One institution, alone, is not going to carry itself, or a neighborhood, or a region,” she says. “You have to see yourself within a whole network of people. If you don’t partner with them, you’re going get lost, and they’re going to get lost, and the people you’re trying to help are going to go someplace else.”

Princeton Area Community Foundation >> Annual Report 2008 5 Live Here. Give Here.

Annual Appeal Ben Abeles Robert & Mary Ellen Darretta Melinda W. Green Jared, Nancy & Gretchen Kieling Ev & Kay Pinneo Charles & Elizabeth Stenard AKS Foundation Inc. Rosalyn Dayan Bill & Tina Greenberg Michael & Louise Kingston Charles & Dorothy Plohn Margaret & Robert Stengel Roger & Marcia Alig Micaela de Lignerolles Fred & Barbara Greenstein Anne LaBate Mark Pollard D. H. Stockwell, Jr. Patricia Andres Joel Deitz & Barbara Berko Margaret Griffin & Scott Sillars Casey & Sam Lambert Susan L. Porcella Irwin & Phyllis Stoolmacher Alvin & Bernadine Aubert Norman & Roslyn Denard Herbert & Maxine Gurk Sally Lane Allen & Rhona Porter Barney & Barbara Straut Ayco Charitable Foundation Charles & Jane Dennison Randy & Mary Hack Yuki & Jeff Laurenti John & Janet Powell Marie Sturken Robert & Dorothy Baldwin Pamela J. Dempsey Jack & Joan Hall Peter & Dede Lawson-Johnston Christopher & Esther Pullman Alyce A. Swartz Wendy Benchley Avinash Dixit Winifred T. Hall Bernard & Joan Lechner Todd Quackenbush & Peter & Ronnie Tate David A. Benjamin Patricia C. Donohue Alexander & Laura Hanson Michael & Judith Leopold Pamela Wanner Norman & Fritzie Robert & Linda Berger Peter Dougherty & William & Barbara Happer Richard J. & Neil Ann S. Levine Richard & Barbara Rambo Tottenham-Smith Richard Bilotti & Elizabeth Hock Maurice & Iona Harding Toby & Susan Levy John Rassweiler Richard and Gail Ullman Katherine Hatton Heidi Dreyfuss Howard W. Hardy, MD & Dr. & Mrs. Fraser Lewis Philip & Betty Reed Charles & Letitia Ufford James & Elisabeth Bish Georgine F. du Vivier Mary Sue Henifin, Esq. Walter Lippincott Ann Reichelder & Douglas Blair Fred Vereen Michael & Barbara Blumenthal Susan & Joseph Dunning Janet Haring Cathleen & James Litvack Stanley & Marie Repko Bob & Trisha Volk Joe & Tink Bolster Lauren Eder Harold Wetterberg Foundation Christine Lokhammer Rita Allen Foundation Jack & Happy Wallace Barbara & Enrico Bombieri Harold & Judith Erdman Nancy & Hendrik Hartog Anne G. Mackoul Christine G. Ritter Deborah Walson Naomi Boretz Thomas & Pamela Espenshade Tom & Archer Harvey Duncan & Nancy MacMillan Sherise D. Ritter, CPA Martha J. Watlington Cornelia N. Borgerhoff Steve & Maxine Farmer Richard & Nancy Henkel Burton & Nancy Malkiel Edith Rose Marc Weiner, PhD Ted Boyer & Jan Rohlf Steve & Barbara Felton H. James & Carol Herring Ed & Marie Matthews Irwin Rosenblum F. Helmut & Caroline Weymar J. Douglas & Susan M. Breen Ken & Caryl Field Pamela J. Hersh Reverend David McAlpin, Jr. Peter & Frances Scott Georgia Whidden & Sean & Susie Brennan Val & Daisy Fitch James & Janet Hester Douglas McCune & Rossmassler Keith Wheelock Glenn & Jane Brewer James A. Floyd, PhD Anita Highton, MD Susan Jefferies Harvey & Nancy Rothberg James & Martha Wickenden Whip & Sally Buck Phyllis M. Frakt & Curtis Hoberman Seymour & Jackie Meisel Vivianne Russell Jean M. Wiegner Bill & Judy Burks Alan M. Hershey Herbert W. Hobler Andrew Miller & Lynne Ruff Eileen Russo Robert Willig & Virginia Mason James M. Byer Vivian Fransen The Hon. Rush Holt & Nancy B. Miller Rita Seplowitz Saltz Van Zandt & Myra Williams Vincent Cancilla & Mark & Beth Freda Margaret Lancefield, MD Mac & Janelle Morris Jeffrey & Betsy Sands Donald & Susie Wilson Earlene Baumunk Dorothy Fullam Eleanor Horne Roger & Caroline Moseley Elizabeth M. Sanford John & Rosemary Wise Joanne Carchman Reverend Peter & Mary Funk Ann Hovanec Mimi Mount & Tim Loretangeli John & Maria Santisi William & Elizabeth Wolfe Stuart & Dodie Carothers George Gallup Rosemarie Hunninghake Jonathan Myers, CFP Shirley A. Satterfield Wood Family Foundation John & Mary Chamberlin Bob & Mary Garrett Mark Itzler Nelson Obus & Eve Coulson Herbert & Judy Schneider Richard C. & Karen Woodbridge Zachary A. Chester Moore & Audrey Gates Susan Jennings Richard Olsson David & Ruth Scott Woodwinds/Sam & Judi deTuro Raymond & Marty Close Louise D. Gengler Jeannie Jones Stephen & Susan Paneyko Ralph M. Serpe Evan Yassky & Andrea Didisheim Bruce & Barbara Coe Ann Gips Landon & Sarah Jones Sybil Parnes Stanley & Marjorie Smoyer Charles & Rochelle Yedlin Clifford & Ellen Cramer Philip Gitomer & Teresa Maone JRW Custom Software Richard & Noella Partridge Andy & Lisa Smukler Edward & Jean Crane Barry L. Goldblatt Maria Juega Piper Sutton Foundation Nancy Snyderman & Doug Myers Marcy Crimmins Andrew & Carol Golden Ram & Vinita Kapur Sandra Persichetti Barbara & Keith Spalding Jonathan & Jenny Crumiller Peter & Sylvia Golden Walter Kauzmann Tod & Betsy Peyton Christine St. John Debby D’Arcangelo & Ed Dippold Gil & Ellen Gordon Rose Kelly Dr. & Mrs. Robert Pickens Austin & Ann Starkey

We have made every attempt to be accurate in this honor roll. If we have made an error or omission please accept our sincerest apologies and contact us at 609.219.1800.

6 Princeton Area Community Foundation >> Annual Report 2008 Legacy Society Testamentary funds, Those who remember any Community Foundation fund through a will, trust, or established through other planned gift become members of our Legacy Society, which recognizes their future generosity. a will or trust, can

Anonymous (24) Theodore & Carroll Kane Mimi & Stuart Schwartz create a personal or Herbert & Fay Abelson Jared & Nancy Kieling Howard Siskowitz William P. Burks, MD Carol King Stanley & Majorie Smoyer family legacy. Diane Dixon* Doris S. McDaniel Tom & Maria Spinner Violet Franks William* & Dorothy Noonan Austin C. Starkey Jr. Thomas George Mr.* & Mrs. Maynard C. Nugent Penny & Ted Thomas Keith Wheelock, professor of history at Raritan Valley Community College, comes from a family Herbert W. Hobler Richard & Carol Ober Keith Wheelock that felt an obligation to give back. “I remember going with my mother to a Philadelphia warehouse Maria Juega Barbara Rambo * we remember where we packed food boxes for Allied prisoners of war,” he recalls. “In 1951, my father, with Edward R. Murrow, founded This I Believe, short statements of conviction by people from all walks of life. In 2003, Become a member of the Legacy Society I helped bring a modern-day This I Believe to public radio.” As a legacy of his lifelong charitable work, Keith has arranged an unrestricted bequest to the You can ensure that your commitment to your community continues with a bequest through your Community Foundation. “I wanted to do something that would touch people,” he says. “I’ve heard will or trust. You may direct your bequest to create a new fund or support an existing one. The beneficiaries describing things they’ve accomplished with Community Foundation money, so I know Community Foundation will be happy to work with you and your professional advisors. Simply that the Foundation will be a superb guardian of my bequest. notify us of your plans so we may help tailor your charitable gift to fit your personal situation. “I remember an e-mail I received, announcing that the Community Foundation would help local Please visit our website or contact us for a Legacy Society Membership Form. nonprofits with operating expenses. I’ve chaired nonprofits, and I know that virtually every grant they The following four types of bequests direct your gift to the Princeton Area Community Foundation. receive says ‘This is not for administrative expenses.’ Yet operating expenses are the fuel that keeps a >> Percentage: ”I give, devise and bequeath to Princeton Area Community Foundation, nonprofit’s engine running. The Community Foundation is focusing on operating expenses, in a time of a nonprofit corporation of the State of New Jersey, located at 15 Princess Road, economic difficulty. To me their approach made sense. It was gutsy. Lawrenceville, NJ 08648, ____% of my estate.” “So my major bequest will be to the Community Foundation, giving them a free hand to award operating >> S pecific: “I give, devise and bequeath to Princeton Area Community Foundation... support to organizations that their trustees and staff judge most deserving. They’ve identified worthy nonprofits (Choose one) 1) The sum of $______.” 2) ______shares of stock in ______in community development, in arts and culture, in basic services. They’ve attracted business and civic leaders Company.”, or 3) my real property commonly known as ______.” who give policy guidance to the Foundation and offer management assistance to their grantees. >> R esidual: “I give, devise and bequeath to Princeton Area Community Foundation... all “The Community Foundation has rigorous benchmarks and a track record of discovering and the residue of my estate, including real personal property.” supporting key parts of our extended community, particularly some who tend to be ignored. They find >> C ontingent: “In the event of the death of any of the beneficiaries, I give, devise and innovators who can do a lot with little. I can’t think of a group better able to determine how a limited bequeath to Princeton Area Community Foundation... (percentage, specific, or residual amount of money can be used effectively. language as above).” “For someone who wants to do something for their community but is not sure how, the Community Foundation is an excellent place to start. They are experts at helping donors help people Please contact the Community Foundation for precise language and any additional information who help themselves.” required that could affect the language you use in your will or trust. Princeton Area Community Foundation >> Annual Report 2008 7 A resource for professional advisors

The Community Foundation works with professional, legal, and financial advisors to help them What is the Princeton Area Community Foundation? present philanthropic options to their clients. Advisors rely on the Community Foundation to help their The Princeton Area Community Foundation is the community foundation for greater Mercer County clients create a personal philanthropic fund that is suited to meet their specific needs and interests. and central New Jersey. It was the first Nationally Certified community foundation in the state.

By working through the Community Foundation, professional advisors can ensure that their clients achieve their charitable goals as effectively as possible while supporting nonprofits locally, What is a community foundation? nationally, and internationally. A community foundation is a simple and ingenious organization designed to make it possible for anyone to support their community now and in the future. It attracts charitable dollars, manages The client and the Community Foundation execute a formal fund agreement that describes the and invests the money, and gives money through grants to support nonprofits. gift, outlines the administrative procedures, and defines the charitable goals of the fund. Because each fund is unique, provisions in wills and trust agreements, or retirement asset designations Community foundations manage many charitable funds under one roof. They have deep roots in the for the creation of funds, should be reviewed by the Community Foundation prior to execution. An community, experience working with nonprofits, and are a knowledge bank for local philanthropy. initial contribution or bequest of $10,000 or more is required to create a named, permanent fund ($250,000 or more is required to create a Scholarship Fund). The impact of a community foundation is evident in its permanence on the one hand, and its For more information contact us at 609.219.1800 flexibility on the other.

Professional Advisor Recognition Society What are National Standards? The Professional Advisor Recognition Society acknowledges the following people for their commitment to the community and their work to encourage philanthropy across central New Jersey. National Standards for community foundations are a set of benchmarks intended as a blueprint for Lisa Butler, Esq. Marguerite L. Mount, CPA operational excellence and as an external assessment of performance. The forty-three Standards Pinto & Butler The Mercadien Group address key issues of governance, development, accountability, leadership, and communications. John Dumont, Esq. David S. Mulchinock, Esq. Dumont & Watson Attorney at Law The certification process requires rigorous peer review by experienced and trained professionals

Kenneth Field, CPA Allen D. Porter, Esq. at the Council on Foundations in Washington, DC. Field & Higgins Miller, Porter, Muller and Gaynor

Patricia U. Herst, Esq. Ann Reichelderfer, Esq. Goldstein & Herst Stevens & Lee

Samuel W. Lambert III Austin C. Starkey Jr. Drinker Biddle & Reath PNC Wealth Management

Thomas G. McMahon, Esq. Irwin S. Stoolmacher Pellettieri, Rabstein & Altman Stoolmacher Consulting Group

Jean M. Wiegner Merrill Lynch

8 Princeton Area Community Foundation >> Annual Report 2008 Why give through the Community Foundation? Which fund is right for you?

Because it’s easier to make a difference if you give through the Community Foundation. Individuals, When you establish a fund at the Community Foundation, a portion of your fund is distributed families, organizations, foundations — even groups of friends — have established funds with us. annually based on your giving priorities. You may name the fund whatever you wish. It can carry Each has found a way to give back to the community through a charitable fund. your family name as a permanent memorial, or it can be anonymous. You can choose among several fund types: >> It’s Simple. Creating a fund is quick and easy, and can be accomplished with >> — When you create a community a variety of gifts including cash, stock, or real estate. Donors use their Community C ommunity Grantmaking Funds grantmaking fund, you help local nonprofit organizations with grants that support the Foundation fund to manage all of their charitable giving during their lifetime, or create changing needs of the area. a fund through their will or a trust. >> F ield-of-Interest Funds — Create one of these funds when you wish to support >> F unds Are Flexible. Your fund can be tailored to fit your charitable vision organizations within a geographic region or within a general area of charitable interest, and priorities. If you wish, your fund’s grantmaking can be managed by the Community such as education, health, social services, or the arts. Foundation to meet the greatest needs in the community now and in the future. >> D esignated Funds — You can establish a fund to benefit one or more organizations you identify. Creating a designated fund is a perfect way to honor your volunteer service >> F unds Can Be Directed. You can designate a particular organization, and continue your annual giving in perpetuity. community, or issue to support. You can create a scholarship in memory of a loved >> — Creating an operating fund supports the Community one. You can also establish a fund that allows you to be actively involved by suggesting Operating Funds Foundation’s continuing community-building work and helps make charitable-giving grants from your fund. education available. >> F unds Bring You Benefits. No matter the size of your fund, all donors >> A dvised Funds — You can stay involved in the distribution of your gifts by enjoy the benefits and services of the Community Foundation. Funds are pooled and establishing an advised fund. You reserve the right to make grant recommendations to invested for maximum stability and growth. You can tap the knowledge of our staff to support charitable organizations and activities that are of interest to you. help guide your individual grantmaking. >> S cholarship Funds — The Community Foundation manages a variety of scholarship funds, ranging from those that support college study to those that are available for other No matter what type of fund you create at the Community Foundation, we understand the educational pursuits. importance of ensuring that your charitable gifts go to the things you are most passionate about, >> N onprofitF unds — Nonprofit organizations can create funds to support endowment and that your gifts are used as you intend. To meet your needs and maximize the impact of your building and other long-term projects. charitable giving, we provide an array of services:

>> Guidance to help you achieve your desired goals When you’re ready to give back... >> C oordination with your professional advisor Consider establishing your own charitable fund with the Community Foundation and use it to >> F lexibility to accept a variety of gifts support the causes you care about most. In addition to the good feeling that comes with making a >> Investment management difference, you get a little something extra — a legacy that lives on and on. >> S tewardship of your legacy after your lifetime Princeton Area Community Foundation 15 Princess Road • Lawrenceville, NJ 08648 >> Planned gift consultation tel: 609.219.1800 • fax: 609.219.1850 • email: [email protected] >> Plus complete administration Princeton Area Community Foundation >> Annual Report 2008 9 Make the most of your giving. G r a n t s The Community Foundation evaluates ideas and projects, and responds to the ever-changing needs of our region. Providing Basic Services $694,635 10/40 Connections, Inc. International Planned Princeton Outreach Projects Grants from Community Grantmaking, Field-of-Interest, and Scholarship Funds Akron-Canton Regional Foodbank Parenthood Federation Princeton Senior Resource Center American Red Cross International Rescue Committee Princeton Theological Seminary are awarded through an open competitive process overseen by the Community American Red Cross of Central International Students Princeton Universtity Class of Foundation’s Grants and Advisory Committees. New Jersey Jain Center of New Jersey 1955 Foundation America’s Second Harvest Jeremiah Project* Rescue Mission of Trenton* Anderson House Jewish Family & Children’s RISE/A Community Service Advised, Designated, and Nonprofit Fund grants are made in consultation with CARE Services of Greater Mercer Partnership* Catholic Charities, Diocese County Rocky Hill First Aid and Rescue individuals or groups of donors to support the organizations and interests they of Trenton Kendall Park First AId and Squad care most about. Center for Jewish Life Rescue Squad Rocky Hill Hook & Ladder Chabad Lubavitch of Greater Kirkridge Retreat Center Company No. 1 Mercer County Lawrence Neighborhood Saint Mark’s Church, Philadelphia Children International Service Center* Samaritan Homeless Interim In 2008, the Community Foundation awarded 747 grants totaling Christ Episcopal Church Living Hope Church Program Christian Appalachian Project Martin House Community for seeJesus.net $3,016,610 to nonprofits in central New Jersey and across the country Christ’s Home for Children Justice Foundation Skete of Saint Maximos the Community Foodbank of Meals on Wheels Confessor in the following categories. This represented an 18% increase over 2007. New Jersey Mercer Street Friends Center* St. Joseph’s Indian School Community of St. John Baptist Mercer Street Friends Food St. Matthew’s Episcopal Church Congregation Beth Israel Cooperative The Episcopal Church at Covenant House Mobile Meals of Trenton/Ewing* Princeton University Crawford House* Montgomery Emergency The Home for Little Wanderers Crisis Ministry of Princeton Medical Services The Jewish Center, Princeton and Trenton* Mother Hubbard’s Cupboard The Orthodox Union Daughters of Wisdom Mount Calvary Monastery and Treasure Coast Wine Festival Dress for Success Mercer County* Retreat House Trenton Area Soup Kitchen Building Community $453,554 Drinking Water for India Mount Carmel Guild* Trinity Church, Princeton Artworks* Isles* Princeton Project 55 Eden Family Services Nassau Presbyterian Church UIH Family Partners* Council of New Jersey Mercer Alliance to End Princeton Prospect Foundation Eden Institute Foundation Order of the Holy Cross Ujima Ministries* Grantmakers Homelessness* Princeton Senior Resource Center* Episcopal Relief and Oxfam America UNICEF Fund for an OPEN Society* New Hampshire Charitable Thomas Edison State College Development Parents, Families & Friends of United Jewish Federation of Greater Mercer Transportation Foundation Foundation* First United Methodist Church Lesbians & Gays Princeton Mercer Bucks Management Association* New Jersey Future* Trenton Downtown Association* of Freehold PEI Kids* United Way of Greater Hands on Helpers* Passage Theatre Company* Trenton Film Society* Foundation Cristosal Planned Parenthood Association Mercer County Heifer International People & Stories/Gente y Cuentos* YouthNoise Friends of Lubavitch of the Mercer Area Westerly Road Church Housing & Community Develop PlanSmartNJ YWCA of Trenton* Friends of West Windsor Planned Parenthood Federation of Western Idaho Community Action Network of NJ* Princeton Future YWCA Princeton* Senior Citizens America Partnership Good News Home for Women Planned Parenthood of Georgia Witherspoon Street Presbyterian Griggstown Volunteer Presbyterian Church of Church Fire Company Lawrenceville Womanspace* Hamilton Area YMCA Princeton Deliverance Center Women for Women International Holy Cross Monastery Princeton First Aid & Rescue World Vision Interfaith Caregivers of Squad YWCA of Trenton* Greater Trenton YWCA Princeton 10 Princeton Area Community Foundation >> Annual Report 2008 Supporting Learning at Every Age $785,984 Albert Einstein College of Kent Place School Princeton Day School Community Medicine Kenyon College Princeton Education Foundation American Boychoir School Lawrence Non-Profit Housing* Princeton Friends School Foundation funds American Museum of Natural Lawrenceville School Princeton Nursery School History Lewis School Princeton Public Library make it easier to American University of Beirut Literacy Volunteers in Mercer Princeton Public Library Amherst College County* Foundation be an effective Avon Old Farms School Loyola College Princeton University Baldwin Wallace College Maine Public Broadcasting Princeton Young Achievers* philanthropist. Barnard College Network Queen of Peace High School Blair Academy Maria Mitchell Association Recording for the Blind & Boston University Marin Academy Dyslexic Michele Minter and Jeff Yuan were already familiar with philanthropy when they established Brady Center to Prevent Mary Jacobs Memorial Library Recording for the Blind & the Minter-Yuan Family Fund. Gun Violence Foundation Dyslexic, NJ Unit The Brooklyn College Foundation Massachusetts Institute of Richard Stockton College “I’m a nonprofit fundraiser,” Michele says. “I talk to people about their philanthropy and the idea Butler University Technology Rider University that, within your means, you should be strategic. For us, a fund at the Community Foundation was an Byerschool Foundation Maya Educational Foundation Rutgers University Camden County College Melvin H. Kreps Middle School San Domenico School incredibly helpful way to do that.” Career Development Awards Mercer County Community Skidmore College Jeff, active in efforts to eliminate river blindness in Africa, agrees: “The Community Foundation Centenary College College Smith College Church of the Incarnation Mercer County Community South Elementary School gave us a vehicle for directing our philanthropy. For example, we can make international grants, and the Clark University College Foundation St. Joseph’s University Community Foundation does the due diligence for us.” Close Up Foundation Mill Valley Schools Community Strathmore University Foundation The College of New Jersey Foundation/Kiddo Stuart Country Day School “Our fund gives us a lot of flexibility,” Michele says. “Jeff has a one-to-one match from his Corporate Accountability Miss Porter’s School Susquehanna University employer. Rather than donating, say, $1,000 to each of three charities and having Merck match each International Montgomery Township Education Teach for America Deerfield Academy Foundation Trenton After School Program* gift, we could give $3,000 to our fund at the Community Foundation. With Merck’s match, we’d then Drew University Morristown-Beard School Trenton Catholic Academy, have $6,000 to allocate among those three charities, or even somewhere else. We can change our Duke University Nantucket Atheneum Lower School Eastman School of Music, National Constitution Center Trenton Public Education strategy after we’ve made the gift!” University of Rochester National Council on Measurement Foundation “I think of our fund as a flexible philanthropic savings account,” Jeff says. “We receive reports that Episcopal Academy in Education United Negro College Fund Franklin L. Williams Middle New Hope-Solebury School University of Delaware make everything easier to track.” School #7 District University of Pennsylvania “We write one check,” Michele says. “We can transfer stock, which is complicated if you give Friends of Burkina Faso New Jersey Policy Perspective University of Rhode Island Friends of Capital Preparatory New Jersey Press Association Village Community Charter directly to multiple charities. At tax-year-end, you’re not chasing receipts from various organizations. Charter High School Foundation School You get a consolidated statement from the Community Foundation, showing the value of the fund, its Friends of the Library of NJ SEEDS* Wellesley College Collier County NJN Foundation Westminster Choir College of investment earnings, and what grants went to whom. We can spot shifting patterns in our priorities and Friends of the Princeton Oberlin College Rider University ask, ‘What number can we stretch to this year?’ So we make more ambitious decisions.” Public Library Pennsylvania State University Wheaton College Georgia Public Broadcasting Pennsylvanians for Modern WHYY Their children, Mira, age 10, and Brian, 14, help choose charities that they want to give to. Mira Gilman School Courts Woodrow Wilson National picked Heifer International. Brian supports Kiva, a micro-lending bank. And their parents get them Global Education Fund People & Stories/Gente y Cuentos Fellowship Foundation Hampshire College Pingry School Yale Law School involved in local activities, like going on a Crisis Ministry Walk and the Isles Garden Tour. Hill School Ploughshares Yale University “Thinking like a philanthropist, with whatever money you have, is something we want to teach our Institute for Advanced Study Princeton Academy of the Young Audiences of New Jersey * John Witherspoon School PTO Sacred Heart Young Scholars’ Institute * children,” Michele says. “For that, our fund is a perfect vehicle.” Princeton Adult School* Princeton Area Community Foundation >> Annual Report 2008 11 For good. For ever. Youth $240,940 Big Brothers Big Sisters of CASA of Mercer County* Manifestations of the Prodigal Mercer County* Fresh Air Fund Daughter* Bobby Campbell Lacrosse Friends of the Children, Mercer County 4-H Advisory Bringing Arts and Culture to Everyone $197,830 Foundation* National Office Council American Music Opera New Jersey Robbinsville High School Boys & Girls Club of Trenton/ Girl Scouts of Central & Millhill Child & Family Therapy Association Passage Theatre Company* Drama Club Mercer County* Southern NJ* Development Corporation* Appel Farm Arts and Music Center* Philadelphia Volunteer Lawyers Solomon R. Guggenheim Boys & Girls Clubs of America Greater Donnelly Neighborhood Police Athletic League Artistic Realization Tech for the Arts Foundation Boys’ Towns of Italy Initiative* Princeton-Blairstown Center Arts Council of Princeton Princeton Girlchoir Sun Valley Summer Symphony Catholic Youth Organization of Greater Trenton Area YMCA* Salesian Missions Artworks Princeton Pro Musica The Philadelphia Orchestra Mercer County* KidsBridge Trenton Education Dance Institute Boheme Opera Princeton Symphony Orchestra Trenton Central High School Band Child Care Connection* LifeTies* USTA: National Junior Tennis Greater Princeton Youth Orchestra Princeton University Art Museum Trenton Community Music School Children’s Defense Fund League of Trenton* McCarter Theatre* Trenton Museum Society Children’s Home Society of NJ Wediko Children’s Services Nice People Theatre Company West Windsor Arts Council

Helping People Live Healthy, Productive Lives $219,382 Housing $153,888 Alzheimer’s Association of High Ridge House Progressive Center for Elm Court Habitat for Humanity - Mercer Alliance to End Southeast Florida HiTOPS* Independent Living* Elm Court II Trenton Area Homelessness* Appalachian Mountain Club Hyacinth AIDS Foundation Robert Wood Johnson University Give Us Your Poor/University of HomeFront* Pine Street Inn Avon Walk for Breast Cancer International 22q11.2 Deletion Hospital at Hamilton Massachusetts Foundation Jericho Road Episcopal Housing Raritan Valley Habitat for Camp Tecumseh Syndrome Foundation Society for Progressive Initiative Humanity Capital Health System Foundation Jewish Home and Hospital for Aged Supranuclear Palsy Cerebral Palsy of New Jersey* Juvenile Diabetes Research St. Jude Children’s Research CHADS Coalition for Mental Foundation Hospital Health Juvenile Diabetes Research Susan G. Komen Breast Cancer Protecting the Environment $101,000 Children’s Brain Tumor Foundation/Greater Delaware Foundation Alliance for Sustainability Idaho Conservation League New Jersey Conservation Foundation Valley The International Alliance for American Rivers Jost Van Dyke Preservation Foundation Christopher & Dana Reeve Mayo Clinic Women Barnstable Land Trust Society Physicians for Social Foundation NAMI Mercer NJ The Lawrenceville School Camp Clean Water Fund Lancaster Farmland Trust Responsibility Committee on Religious Ministries, Nantucket Community Sailing Treasure Coast Hospices Conservation International Marin Agricultural Land Trust Rainforest Action Network Medical Center at Princeton Narcolepsy Network Trinity Counseling Service* D&R Greenway Land Trust Mersey Tobeatic Research Sierra Club Foundation Common Hope NJ Foundation for the Blind UMDNJ-RWJ Department of EarthJustice Institute Sourland Planning Council Compassion & Choices Princeton HealthCare System Surgery Environmental Defense Montgomery Friends of Open South Hero Land Trust Corner House Foundation Foundation University Medical Center at Environmental Resource Center Space Stony Brook Garden Club Doctors Without Borders Princeton Pettoranello Foundation Princeton Friends of Princeton Open Space Naples Botanical Garden Stony Brook-Millstone Watershed EngenderHealth Princeton Recreation Department University of Richmond Garden Club of America Natural Resources Defense Association Eye Institute of New Jersey Princeton University Department USO World Headquarters Green America Council Wilderness Society Family Guidance Center/Family & of Athletics VNA Home Care of Mercer County Greenpeace Fund Nature Conservancy World Wildlife Fund Children’s Services* Princeton University Rowing William H. Adams Foundation Foundation Fighting Blindness- Association Women’s Heart Foundation* NJ Chapter Princeton University Wrestling Program Preserving Our Past $96,657 Crossroads of the American Friends of the NJ State Museum Preservation New Jersey Revolution Association Historical Society of Princeton Princeton Battlefield Society Delaware River Mill Society Museum of the Gilded Age Society of the Cincinnati Drumthwacket Foundation Nantucket Preservation Trust Fair Hill Burial Ground New Jersey Italian American Corporation Heritage Foundation 12 Princeton Area Community Foundation >> Annual Report 2008 Examples of the Community Foundation’s For good. For ever. support through community grantmaking Civil Rights $37,240 The following are a small sample of 2008’s 60 grants made in partnership with the Harbourton American Civil Liberties Union FCNL Education Fund New Israel Fund Foundation totaling $ 948,000. Foundation Fellowship of Reconciliation New Jersey Association on Appel Farm Arts and Music Center — $15,000 Five Students from Trenton public schools will American Friends Service Government Accountability Corrections Committee Project Peace Action Education Fund attend the Rising Young Artist summer camp. American Jewish Committee Latin American Legal Defense Southern Poverty Law Center HomeFront — $15,000 Huchet House provides a safe and warm transitional living program for American Near East Refugee Aid and Educational Fund* Witness for Peace - Midatlantic Amnesty International League of Women Voters YWCA of Trenton* homeless young women pregnant with their first child. Black Box Voting Education Fund YWCA Princeton * Interfaith Caregivers of Greater Trenton/Faith in Action — $15,000 Helping Hands Centurion Ministries NAACP Legal Defense & Educational Fund mobilizes volunteers to provide free supportive services to a growing number of frail, isolated elderly people and those with disabilities in Mercer County. Protecting Animals $35,500 Isles — $10,830 Ready Set Grow! Works to improve nutrition and give Trenton pre-school children Days End Farm Horse Rescue Grzimeks Help for Threatened Humane Society of Vero Beach and their parents access to fresh food. Enkosini Wildlife Trust/ Wildlife ReRun The Lion Foundation Humane Society of the Treasure SAVE Latin American Legal Defense and Education Fund — $14,000 To build a coalition of Coast St. Croix Animal Welfare Center churches, immigrant groups, the Trenton police department, and the public schools to increase the level of engagement of Latino immigrants in the civic life of Trenton. In-Kind Support of Local Philanthropy Mercer Alliance to End Homelessness — $35,000 To promote community understanding of a new model of investment in rapid re-housing and permanent homes. Council of New Jersey Princeton Community Works VolunteerConnect/ Grantmakers Support Center for Nonprofit Hands On Helpers Princeton Young Achievers — $15,000 The Creative Fridays Project, in partnership with the Gift Planning Council of Management Women in Development of Arts Council of Princeton, delivers quality after-school arts programming to children from lower- New Jersey Trenton Funders Collaborative Mercer County income neighborhoods in Princeton. Progressive Center for Independent Living — $10,400 Promoting self-advocacy to improve the lives of students with a disability living in low-income families in the Trenton School District; *These grants were awarded in a competitive process through Greater Mercer Grants and The Fund for Women and Girls. encouraging participation in school, the community, and in post-secondary education or employment. USTA: National Junior Tennis League of Trenton — $11,300 NETS (Nutrition, Education, Greater Mercer Grants Community Grantmaking Focus: Tennis, Support) program strengthens character and enhances young lives. >> Building Community across Greater Mercer County Supporting nonprofit organizations Womanspace — $10,000 The Non-Denominational Chaplaincy Program provides faith-based engaged in community-wide efforts to address shared problems and opportunities. resources to victims of domestic violence and sexual assault to “meet the victim where they are” >> Helping Low-Income People Supporting nonprofits that make a meaningful difference in the when that meeting-point is their faith. lives of low-income people through project and operating grants. Artworks — $25,000 Art at the Center of Community engages students of all ages, professionals, The Fund for Women and Girls amateurs, patrons, and appreciators in building community in Trenton. >> Supporting Girls and the Women Who Raise Them: Helping girls succeed in their Fund for an Open Society — $17,620 Hightstown Study Circles build community within personal, academic, family, and community lives. Hightstown and among the communities of Hightstown, East Windsor, and Roosevelt. Community Dialogues engage residents in candid and constructive conversation about immigrant issues. How to Apply: To request information, guidelines and application material on any VolunteerConnect/Hands On Helpers — $40,000 Civic Engagement LEAP (Learning, Community Foundation competitive grant opportunity, scholarships and awards, Enhancement, Awareness, and Promotion), includes volunteer outreach and management training please visit our website at www.pacf.org or call 609.219.1800. for nonprofits.

Princeton Area Community Foundation >> Annual Report 2008 13 Operating Our Investment Objective Endowments sustain Our charitable assets held for long-term grantmaking are managed in a pool of investments created specifically for the Community Foundation. The Investment Committee monitors performance on a the Community quarterly basis and oversees our investment policy. Foundation’s most Our investments have a long-term time horizon and are structured with the objective of achieving important work. returns greater than the combined total of our grantmaking, administrative costs, and inflation. The guiding philosophy of our management is prudent stewardship of funds entrusted to the Community Foundation by donors for the benefit of the charitable organizations we serve. While serving as trustee and treasurer in 2006, Ken Field, (pictured above with his wife Caryl and their daughter Sam) founding partner of a thriving accounting practice, decided to set The Community Foundation uses a total return approach to investment management. Total return up an operating-endowment fund to support the work of the Community Foundation itself. describes the change in fund value over time resulting from interest, dividends, and capital appreciation as a result of both realized and unrealized gains. “Anyone who joins a board is concerned about the survival of the organization,” he says. “It seemed to me that the most important thing I could do was to help the Community Foundation with operating expenses—to help them keep the doors open and their efforts focused on helping donors Our Investment Strategy and nonprofits. Our investments are broadly diversified across asset classes and investment styles in order toenhance “I wanted to do something permanent so that the Community Foundation’s staff could spend results in all market environments. The Community Foundation employs an asset allocation strategy more of its time and talent on their core philanthropic work. ‘Connecting people who care with causes which includes domestic and international stocks, bonds, and a small portion in private equity. that matter’ sounds simple, but the Community Foundation actually has a complex infrastructure. Gifts Asset Class Target flow through it efficiently. Grants are directed carefully for maximum impact. Donors’ money is very Domestic Equity 30% well managed. The staff’s expertise is a huge asset to the region. All this knowledge and experience International Developed Markets Equity 10% has taken years to create. I decided that my charitable gift was best spent in supporting all these International Emerging Markets Equity 10% vital functions, so that everybody who works with the Community Foundation can continue to get the Independent Return 25% greatest benefit from every buck. Fixed Income 25% “In tough economic times, the Community Foundation steps up to do even more, with even less. When resources are scarce and conditions are stark, we see clearly how much our communities depend on the Foundation’s long-term financial underpinning to be there. My aim is to make sure that Historical Investment Performance

the Community Foundation receives that same kind of permanent support, so their work can continue Returns as of December 31, 2008 reported net of investment management fees: when it’s needed most.” 3-Year 5-Year 1-Year Annualized Annualized Managed Investments -20.54% 1.79% 5.12% s&P 500 Benchmark -37.00% -8.36% -2.19% blended Benchmark* -31.35% -5.93% -0.29% * a custom measure based on the Community Foundation’s asset allocation

14 Princeton Area Community Foundation >> Annual Report 2008 STATEMENTS OF FINANCIAL POSITION

December 31, 2008 Assets Statement of Activities and Changes in Net Assets

Current assets for the year ended December 31, 2008 cash and cash equivalents $ 4,624,444 contributions receivable 180,030 Support and Revenues investments 42,752,299 Total Contributions $ 3,499,752 Prepaid expenses 18,529 investment income (10,463,604) split interest agreements 605,051 Other income 32,817 cash surrender value of life insurance 147,653 change in value of split interest agreements (225,307) deposits 10,125 Total support and revenues $ (7,156,342) Property and equipment. net 63,580 Total current assets $ 48,401,711 Allocation and Expenses Grants and special projects $ 3,267,449 Liabilities and Net Assets Management and general 305,347 fundraising 98,335 Current liabilities Total expenses $ 3,671,131 accounts payable and accrued expenses $ 14,933 Grants payable 141 Change in net assets $ (10,827,473) deferred rent 60,297 Net assets, beginning of year 52,796,404 funds held for others 6,357,409 Net assets, end of year $ 41,968,931 Total liabilities 6,432,780 Net assets unrestricted Board designated long-term grant funds 23,464,781 Other grant funds 16,387,405 A complete audited financial statement with accompanying notes and Operating funds 1,511,694 report of WithumSmith+Brown, Certified Public Accountants, is available for inspection total unrestricted net assets 41,363,880 at the Princeton Area Community Foundation office or online at www.pacf.org. temporarily restricted 605,051 Total net assets 41,968,931 Total liabilities and net assets $ 48,401,711

Princeton Area Community Foundation >> Annual Report 2008 15 Board of Trustees Staff

Chair President and Executive Director Ann Reichelderfer, Esq. Nancy W. Kieling Shareholder – Stevens & Lee Executive Vice President Chief Financial Officer Vice Chair Vice Chair Ralph M. Serpe, CFRE Maria C. Santisi, CPA Eleanor Horne David R. Scott, Esq. Vice President – Educational Testing Service General Counsel – Director of Grants & Programs Social Investment Fund Rutgers University (retired) Deborah Aubert Thomas

Treasurer Secretary Donor Services Associate Administrator Kenneth Field, CPA Susan N. Wilson Trisha D. Volk Myriam Padro Audit Committee, Chair Senior Advisor – ANSWER Partner – Field & Higgins (formerly the Network for Family Life Education) Associates

Richard Bilotti Raman Kapur Alexander & Sara Buck Rev. David H. McAlpin William A. Schreyer President & Publisher – Chairman – Midland Pharmaceuticals James E. Burke Jay & Amy Regan Jack & Happy Wallace The Times, Trenton (retired) Gordon & Llura Gund William H. Scheide F. Helmut & Samuel W. Lambert III Betty Wold Johnson Caroline Weymar William P. Burks, MD Partner – Drinker Biddle & Reath LLP (retired) Past Chair of the Board Counsel Surgeon (retired) Tobin V. Levy Allen D. Porter, Esq. Teacher Barbara W. Coe Senior Vice President – Nancy S. MacMillan Trustee Emeritus Founder Young & Rubicam, NY (retired) Publisher – Princeton Alumni Weekly Stanley C. Smoyer Stuart Carothers Andrew K. Golden, CFA Marguerite L. Mount, CPA Investment Committee, Chair Asset Building Committee, Chair President – Princeton University Managing Director & Principal – Former Trustees and Associates Investment Company The Mercadien Group George Adriance* Randall A. Hack Allen D. Porter, Esq. Vernon Hammond Barbara A. Rambo Barbara A. Bombieri John P. Hall Peter R. Rossmassler Chartered Life Underwriter – Grants Committee, Chair Ted Boyer John F. Harper Jamie Kyte Sapoch Guardian Life Insurance Company Consultant Glenn A. Brewer Jr. Herbert W. Hobler Jane A. Silverman Stuart Carothers Pamela S. Kelsey Austin C. Starkey Jr. Thomas B. Harvey, Esq. Christine G. Ritter Dean W. Chace Christopher B. Kuenne The Hon. Thomas W. Immediate Past Chair of the Board Program Administrator, Debby D’Arcangelo Karen C. Lambert Sumners, Jr. Science Education Program – Pamela J. Dempsey Arthur S. Lane* Janet M. Swinton Mary Sue Henifin, Esq. Princeton Plasma Physics Laboratory William C. Egan Yuki Moore Laurenti William H. Sword* Committee on Trustees, Chair Sandra L. Ewell Cathleen Litvack Frank E. Taplin Jr.* Shareholder – Buchanan Ingersoll, P.C. John S. Watson, Jr. James A. Floyd Christine Lokhammer Ann B. Vehslage Deputy Commissioner for George Gallup William M. Mayhall Leslie “Bud” Vivian* Maria Juega Natural Resources – NJ Department Robert Y. Garrett III Michele Minter John D. Wallace Certified Financial Planner of Environmental Protection Walter F. Gips* Mark M. Murphy Van Zandt Williams Jr. Assistant Vice President – Investment Richard Grigos Sandra Persichetti Richard C. Woodbridge, Esq. Services Group, Wachovia Marilyn W. Grounds Kimberlee S. Phelan, CPA *we remember 16 Princeton Area Community Foundation >> Annual Report 2008

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