Lloyd A. Fry Foundation 120 S. LaSalle Street Suite 1950 Chicago, Illinois 60603 Telephone: 312.580.0310 Fax: 312.580.0980 www.fryfoundation.org LLOYD A. FOUNDATION FRY Lloyd A. Fry Foundation 2004 Annual Report 2004 ANNUAL REPORT education, prosperity and hope for all PANY, INC. PANY, Table of Contents In 1933 Lloyd A. Fry founded the Lloyd A. Fry Roofing 2 Message from the Chairman Company on the Southwest Side of Chicago. 3 Message from the Executive Director During the next five decades, the company grew to 4 Grant Highlights become the world’s largest manufacturer of asphalt 10 Urban Leadership Awards roofing and allied products, with nearly 5,000 12 High School Initiative dedicated employees and manufacturing facilities 18 2004 Grants and Awards Totals nationwide. The company was sold to Owens- 19 2004 Grants Corning Fiberglass Corporation in 1977. In large part, 28 Report of Independent Auditors the proceeds from the sale of the company now 33 Grantmaking Programs serve as the endowment of the Lloyd A. Fry 34 Grant Application Procedures Foundation, addressing the needs of the Chicago 36 Board of Directors and Staff community since 1983. DESIGN: LIPMAN HEARNE, CHICAGO/WASHINGTON TEXT: DIMITRA TASIOURAS PHOTOGRAPHY: JEAN CLOUGH PHOTOGRAPHY PRINTING: THE FOX COM PHOTOGRAPHY: DIMITRA TASIOURAS TEXT: DESIGN: LIPMAN HEARNE, CHICAGO/WASHINGTON Front cover: George Henry Corliss High School freshmen Ken Marshall (left) and Marcus Carradine. Below: The Fry Foundation’s High School Initiative improves achievement and the learning envi- ronment at six unique Chicago public high schools. Mission. The Lloyd A. Fry Foundation supports organizations with the strength and commitment to address persistent problems of urban Chicago resulting from poverty, violence, ignorance and despair. We seek to build the capacity of individuals and the systems that serve them. Our vision is a Chicago that offers education, prosperity and hope for all. Message from the Chairman 2004 was a year of obvious change. At the Employed, but we could equally note the accom- beginning of our fiscal year, Jill Darrow Seltzer, plishments of the Carole Robertson Center. who had served with distinction as our Executive We looked carefully at our mission statement and Director for a decade, retired early to move to changed not a word. And while we have added California so that she might live with her husband. some focus to our Community Services grant- Unmi Song came to us from the Joyce Foundation, making, we have at the same time created new with a distinguished résumé of academic achieve- opportunities for community service organizations ment and philanthropic service, to serve as our not involved in job-training to seek grants in new Executive Director. At the end of our fiscal year, education, the arts or health. Dimitra Tasiouras, a much-loved program officer, left us to become Executive Director of Chicago We have enthusiastically reaffirmed our core values. Global Donors Network. And as Unmi notes in her We remain committed to support those who most letter, there have been some evident changes in effectively serve an inner-city population of need. our grantmaking. We cherish our own easy collegial atmosphere, and we remain determined to treat our grantees with 2004 was a year of introspection. All who have respect—as partners in a common endeavor—even seen the inner workings of the Fry Foundation as we continue the search for new projects to fund agree that its most distinguishing characteristic is that may truly “make a difference.” its board that meets monthly and discusses all aspects of our operations and grantmaking— Plus ça change, plus c’est la même chose. incessantly. This extraordinary group, which includes Dave Donovan, Chip Fry, Stephanie Pace Marshall and Jim Termondt, started the year with a private dialogue about what we were seeking in an Executive Director. Unmi Song fit our style; Howard M. McCue III, Chairman she will cheerfully engage us in our dialogue; she is forever pushing us for greater “clarity”; with her good help (and with substantial input from an excellent, knowledgeable staff) we spent the rest of the year sharpening our grantmaking guidelines, studying the initial evaluations of our high school initiative, thinking about other things that we might do, and working on a new program of “investment grantmaking” that is to be put in place in 2005 and subsequent years. 2004 was also a year of affirmation. We saw remark- able accomplishments by our Urban Leadership Award winners. In her letter, Unmi mentions Women 2 LLOYD A. FRY FOUNDATION Message from the Executive Director 2004 was a year of accomplishment for Lloyd A. target efforts that help low-income people prepare Fry Foundation grantees. After three years of for, find and keep jobs. intense preparation, with support from a Fry Foundation Urban Leadership Award, Women Community Services is the cornerstone of the Employed launched its interactive Career Coach Foundation’s commitment to helping families in website. The first of its kind in the country, this poverty. Over the years, in responding to valuable website marks an exciting new approach for helping and innovative, yet wide-ranging programs, the low-wage workers get information they need to Community Services grant portfolio grew in move up a career ladder into better paying jobs. breadth as well as size. After much discussion and deliberation, the Board of Directors determined The Fry Foundation’s five-year High School Initiative that a sharper focus would help the Foundation and reached its mid-point, and this year the schools its grantees be more effective in helping people involved began to see the fruits of their labors. move out of poverty. The Foundation is pleased to Some efforts, including programs for vulnerable have supported a rich diversity of projects for many freshmen, intensive writing workshops, and inter- years. Our new focus will help the Foundation departmental faculty exchanges, are achieving target an area of critical importance to low-income good results. While the schools are still struggling families and individuals throughout Chicago. in other arenas to make the kind of progress that was hoped for, the school teams are working In all our program areas, the Fry Foundation diligently to identify what is working and where remains committed to helping organizations provide improvements are needed. These and other grantee assistance and services to the most vulnerable highlights discussed throughout this year’s annual in our society. This leads us to be careful and report are but a small sampling of the numerous deliberate about making changes that affect our achievements of our grantees. grantees and the people they serve. At the same time, foundations have the flexibility—and 2004 was also a year of change at the Fry responsibility—to respond quickly to emerging Foundation. With much affection and good wishes, challenges and to invest in promising new ideas. the Foundation bid farewell to Jill Darrow Seltzer, Our challenge is to strike a balance between who served as Executive Director for nine years stability and innovation that enables us and our before choosing to move to the sunny shores grantees to make the best use of the resources of Southern California. On the programmatic front, under our stewardship. We are proud of the two major changes marked the year. In November, achievements of our grantees and look forward to 2003, the Foundation refined its policy under many more fruitful years of good work helping which grantees are encouraged to “take a year off” to improve the lives of people in Chicago. from Fry Foundation support after three consecutive years of funding. Following one year off, organiza- tions are welcome to reapply for support. In the summer of 2004, the Foundation sharpened the focus of our Community Services grantmaking to Unmi Song, Executive Director 3 LLOYD A. FRY FOUNDATION Grant Highlights 4 LLOYD A. FRY FOUNDATION Left: The Bridge Partnership at Merit School of Music brings music instruction to 5,000 Chicago schoolchildren. Below: At Café Too, students gain hands-on experience in the food service industry. The Fry Foundation’s grantmaking approach strives to be flexible and responsive to the evolving needs of nonprofit organizations serving low-income communities in Chicago. Whether health care, arts, education or community services, Fry Foundation grants help strong organizations build their capacity to reach out to new populations, enhance the quality of their services, and better assess the impact of their programs. 5 LLOYD A. FRY FOUNDATION Grant Highlights “The first time you dice Inspiration Corporation Supportive services include case an onion, you have management, counseling sessions, “We think of the Café Too program employment training, job placement a pretty tough time. as a transformational experience,” assistance, transitional housing, The 500th time, you’re reflects Margaret Haywood, Director of and health care services. practically Emeril.” Training at the Inspiration Corporation. “Students in the program are not Café Too is a restaurant industry just learning new cooking skills, they training program that prepares students are learning interpersonal skills and, for entry-level jobs in the food service because restaurant work can be industry. The 12-week program so physically demanding, they learn operates six times a year and teaches how to improve their physical and basic culinary skills and concepts, mental health.” teamwork, sanitation and safety. Students gain hands-on experience Inspiration Corporation serves meals preparing and serving meals to guests in a restaurant-style setting and at Inspiration Corporation cafes, to provides a broad array of supportive the paying public during Thursday and services to homeless individuals at two Friday lunches, and to events catered locations in Uptown and Woodlawn. by Inspiration Corporation. 6 LLOYD A. FRY FOUNDATION Once placed into employment, “The restaurant will allow students ment projects, writing and reading graduates can continue to access to develop strong culinary skills that workshops, computer classes, men- supportive services.