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1055 St. Charles Avenue, Ste. 100 New Orleans, LA 70130-3981 Phone: 504.598.4663 Fax: 504.598.4676

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1055 St. Charles Avenue, Ste. 100 New Orleans, LA 70130-3981 Phone: 504.598.4663 Fax: 504.598.4676 www.gnof.org New Orleans, LA 70130-3981 LA New Orleans, 1055 St. Charles Avenue, Ste. 100 Ste. Charles Avenue, 1055 St. Phone: 504.598.4663 Fax: 504.598.4676 504.598.4663 Fax: Phone: DESIGN: TOM VARISCO DESIGNS; PHOTOGRAPHY: WILL CROCKER, JACKSON HILL, ChARLES LECHE, TOM VARISCO GREATER NEW ORLEANS FOUNDATION TWENTY-FIVE YEARS OF PHILANTHROPY AT WORK 1055 St. Charles Avenue, Ste. 100 New Orleans, LA 70130-3981 Phone: 504.598.4663 Fax: 504.598.4676 www.gnof.org The GreaterN ew Orleans Foundation is the regional leader in promoting responsible philanthropy and equitable outcomes by connecting donors to community needs. Dear Friends, 2008 MAY BE OUR SILVER ANNIVERSARY but upon reflection, 2007 shimmers even brighter than gold. In many ways, it was a turning point, signaling the return of the sun after the post-Katrina night. When we look back, it is the overwhelming generosity of our donors that makes this year so special. Through their actions, they demonstrated yet again that this is their Foundation. They have made it clear that they, like us, are com- mitted to building a new New Orleans - a city proud of its history and its heri- tage but keeping the needs of the future in mind. Our mission at GNOF is to help all New Orleanians attain a decent place to live, a good education and a job. With your help, we can make this vision a re- ality. Thanks to you, contributions to GNOF totaled more than $32 million last year from 1,600 different gifts. This largesse enabled the Foundation to disburse $15.7 million in grants, while building our endowment to $110 million. Last fall, we joined with other foundations to launch the Community Revi- talization Fund, which will provide $25 million over five years to address afford- able housing issues in New Orleans. (see story, page 5) In addition to being a passionate advocate for the city we love, GNOF also champions the concerns of the surrounding parishes. In 2007, we launched af- filiate foundations in St. Bernard and Plaquemines Parishes to help those coastal areas, which were hit hard by Hurricane Katrina. These are just a couple of the exceptional developments that took place last year, and we expect no less from 2008. It is inspirational teamwork that has made this progress possible. It is an honor to serve as your community foundation. You have shown that, together, we can build a better future for all the residents of our city and our region. We would also like to take this opportunity to offer our profound thanks to Ben Johnson, who courageously and selflessly led this Foundation for the last 17 years. Today, GNOF is a strong, vibrant agent of change in our community because of his leadership and moral guidance. We will miss him personally, and we will never forget the contribution he made in building this Foundation. We wish him well in the next chapter of his life as we wish our city well in the next chapter of hers. Sincerely, Myron E. Moorehead M.D., Chairman M. Cleland Powell III, Chairman Ellen M. Lee, Interim President and CEO 2007 ANNUAL REPORT 1 FULL CIRCLE: Learn where we began, and you’ll Johnson’s 17-year leadership of the and national and regional founda- understand why the Greater New Foundation, trace its far-reaching tions, to focus the nation’s response Orleans Foundation is excited about impact in the community: the Ford to its greatest ever natural disaster. where we’re going. Foundation Leadership Program Twenty-five years after it began, A quarter-century ago, leaders of addressed teen pregnancy; the Ford the community’s commitment to the the Community Chest of New Or- Diversity Initiative produced the mission of the Greater New Orleans leans, which had been around since New Orleans Neighborhood Devel- Foundation has been multiplied many 1923, looked around and saw chal- opment Collaborative; and the Casey times over—last year alone, people lenge and opportunity. “The need for Jobs Initiative became the successful gave more than $32 million to the private funds for the maintenance of New Orleans Jobs Initiative. Foundation. Grants focused on three community life in New Orleans has In the past decade, trustees have areas that will determine the future dramatically increased,” they said. worked to build the Foundation’s of the Greater New Orleans region: They worried that, along with rapid presence throughout southeast Loui- a skilled workforce, strong neighbor- development, the region might face siana, and extend its reputation for hoods and good schools. “problems of unprecedented mag- providing nonprofits with expertise Before he died this year, philan- nitude” better addressed by a full- in operations and endowment-build- thropist and lifelong New Orleanian fledged community foundation. ing. That reputation grew when an John Albert Marque launched the Twenty-five years later, it’s an independent evaluation found that Foundation into its next quarter- understatement to call those words GNOF’s unrestricted grants encour- century of growth by making the visionary. Thanks to the founders age and support new leadership, build single largest donation in the Foun- of the Greater New Orleans Foun- social capital and help to launch sus- dation’s history. His $20 million gift dation, and to countless supporters tainable programs. established the Theresa Bittenbring since, the future of philanthropy in Those qualities were called upon Marque and John Henry Marque our community is bright. When the in unprecedented ways in 2005 when Fund, in honor of his parents. Foundation opened its doors in 1983 Hurricanes Katrina and Rita devas- Where would the city and region with nearly $4 million in assets, it tated the region. The big challenge be without people like Mr. Marque would have surprised even its stron- of the Foundation’s short lifetime and other generous supporters of the gest supporters to know that those had arrived, and long-time support- Greater New Orleans Foundation? assets would grow to $190 million ers, as well as new ones from around Pausing only for a moment to reflect and the Foundation into the region’s the world, responded. Within three in these pages on an inspirational leader in promoting the power of giv- months, the doors on Lee Circle past, the Foundation is turning to the ing. reopened, and the GNOF staff was future, ready to join generous people Several key projects during the busy processing $10 million in gifts of our region in writing a philan- past quarter century show how the and opening 29 new funds in the thropic story for the next 25 years Foundation has used its expertise, fourth quarter alone. that is worthy of our first. helping focus people’s will to ac- Since the storms, GNOF has complish great things. Early on, the played a key role in the recovery, first challenge grant, $1 million from coordinating the local efforts of the the Ford Foundation, focused on Rockefeller Foundation, the State youth opportunities in the commu- of Louisiana, the Bush-Clinton Ka- nity. Soon after, the first class-action trina Fund and others to support the settlement fund generated more than Unified New Orleans Plan. In addi- 1,400 student scholarships. Even big- tion, the Foundation has joined indi- ger achievements were yet to come. viduals and major partners including Three key projects, during Ben Nike, Entergy, Chevron, Starbucks, 2 2007 ANNUAL REPORT FULL CIRCLE: THE GREATER NEW ORLEANS FOUNDATION AT 25 2007 ANNUAL REPORT 3 COMMUNITY REVITALIZATION 4 2007 ANNUAL REPORT PHILANTHROPY AT WORK It changed the way we live, the way city. The Fund accepts grant proposals we see our hometown and our vision from entities engaged in recovery and for the future. housing development. When Hurricane Katrina In its first year of grantmaking, struck the Gulf Coast in 2005, the CRF awarded 18 grants totaling causing one of the biggest mass over $7.2 million. Those grants are migrations in American history, the expected to result in more than 5,000 Greater New Orleans Foundation rehabilitated or new housing units in responded by focusing its efforts on Orleans Parish. Grants ranged in size affordable housing and community from $5,000 to $1 million each and revitalization. in project time from three months Before New Orleanians could to multi-year commitments. Five PARTICIPATING NATIONAL return and rebuild their lives, before citywide grants complement targeted FOUNDATIONS: they could find a job and enroll their investments in seven of the 13 City of blue moon fund kids in school, they had to have a New Orleans planning districts. The Capital Group Companies place to live. As the poet T.S. Eliot Each of the 16 foundations Charitable Foundation said, “Home is where one starts has committed between $100,000 Annie E. Casey Foundation from.” This was a new beginning for and $1 million annually for up to Chrysler Foundation New Orleans – for its citizens and its five years. Each Foundation brings Bill & Melinda Gates Foundation Conrad N. Hilton Foundation Foundation. different experience and expertise W.K. Kellogg Foundation To help build affordable housing to support a common vision for Kresge Foundation and support neighborhood recovery, New Orleans. Representatives from The Rockefeller Foundation GNOF launched the Community these Foundations meet periodically Surdna Foundation Revitalization Fund in the fall of to provide critical feedback on the 2007. Thanks to the overwhelming Fund’s grantmaking, meet with local PARTICIPATING LOCAL generosity of 16 local and national players, assess current circumstances FOUNDATIONS: philanthropic foundations, the CRF and suggest interventions. Capital One has secured more than $15 million For more information on the Ella West Freeman Foundation in funding to fulfill its mission.
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