ANNUAL REPORT 2007 Board of Trustees Chair THOMAS B. HARVEY, ESQ. Staff f Vice Chair Vice Chair President and Executive Director ELEANOR HORNE ANN REICHELDERFER, ESQ. NANCY W. KIELING Vice President – Educational Testing Service Asset Building Committee, Chair Social Investment Fund Shareholder – Stevens & Lee Executive Vice President RALPH M. SERPE, CFRE Treasurer Secretary Chief Financial Offi cer KENNETH FIELD, CPA TOBIN V. LEVY MARIA SANTISI, CPA Partner – Field & Higgins Managing Director & Chief Financial Offi cer – Goldman Sachs & Co. Hedge Fund Strategies Director of Grants & Programs DEBORAH AUBERT THOMAS WILLIAM P. BURKS, MD CHRISTINE LOKHAMMER Donor Services Associate Surgeon (retired) Senior Vice President/Regional Director – TRISHA D. VOLK PNC Wealth Management BARBARA W. COE Administrator MYRIAM PADRO Senior Vice President – NANCY S. MACMILLAN Young & Rubicam, NY (retired) Publisher – Princeton Alumni Weekly

ANDREW K. GOLDEN, CFA MARGUERITE L. MOUNT, CPA Associates f Investment Committee, Chair Managing Director & Principal – Alexander & Sara Buck Jay & Amy Regan President – Princeton University The Mercadien Group James E. Burke William H. Scheide Investment Company Gordon & Llura Gund William A. Schreyer BARBARA A. RAMBO Betty Wold Johnson F. Helmut & MARY SUE HENIFIN, ESQ. Grants Committee, Chair Rev. David H. McAlpin Caroline Weymar Shareholder – Buchanan Ingersoll, P.C. Consultant Counsel MARIA JUEGA CHRISTINE G. RITTER ALLEN D. PORTER, ESQ. Certifi ed Financial Planner Program Administrator, ______Assistant Vice President – Investment Science Education Program – Services Group, Wachovia Princeton Plasma Physics Laboratory

RAMAN KAPUR DAVID R. SCOTT, ESQ. Trusteee Emeritus Chairman – Midland Pharmaceuticals General Counsel – STANLEY C. SMOYER Rutgers University (retired) SUSAN N. WILSON Senior Advisor – ANSWER Founder (formerly the Network for Family Life Education) STUART CAROTHERS Former Trustees & Associates George Adriance* Sandra L. Ewell John F. Harper William M. Mayhall Janet M. Swinton Barbara A. Bombieri James A. Floyd Herbert W. Hobler Michele Minter William H. Sword* Ted Boyer George Gallup Pamela S. Kelsey Mark M. Murphy Frank E. Taplin Jr.* Glenn A. Brewer Jr. Robert Y. Garrett III Christopher B. Kuenne Sandra Persichetti Ann B. Vehslage Stuart Carothers Walter F. Gips* Karen C. Lambert Kimberlee S. Phelan, CPA Leslie “Bud” Vivian* Dean W. Chace Melinda W. Green Samuel W. Lambert III Allen D. Porter, Esq. John D. Wallace Debby D’Arcangelo Richard Grigos Arthur S. Lane* Peter R. Rossmassler Van Zandt Williams Jr. Pamela J. Dempsey Marilyn W. Grounds Yuki Moore Laurenti Jamie Kyte Sapoch Richard C. Woodbridge, Esq. William C. Egan Randall A. Hack Cathleen Litvack Jane A. Silverman John P. Hall Austin C. Starkey Jr. *deceased W elcome

Since 1991, the Princeton Area Community Foundation has been promoting charitable giving all across central New Jersey by helping people fi nd effi cient and creative ways to support the charitable causes they care about. As a resource to nonprofi ts, donors, and their professional advisors, we are strengthening our community’s ability to take care of itself forever through permanent endowments that remain meaningful over time.

We’ve always worked under the assumption that donors have greater impact when they combine their giving and focus their grantmaking. This approach has helped the Community Foundation award over $21.6 million on behalf of our donors since our inception, including $2.5 million last year. Now, with the results of two initiatives we’ve undertaken to evaluate and promote community involvement, the Community Experience Partnership and Better Together, we know this type of giving also generates social capital — the friendships and working relationships that tie people together and enable them to cooperate in ways that get more done.

The Community Experience Partnership studied the civic engagement of Mercer County’s older adults and ways we can increase the involvement of people over 60 through volunteering, employment, and lifelong learning opportunities. Imagine what central New Jersey could accomplish by tapping this extraordinary pool of experience to solve local problems.

Better Together, co-sponsored with the Princeton Regional Chamber of Commerce Foundation, conducted central New Jersey’s fi rst Social Capital Benchmark Survey. The survey measured how connected we are with one another and how engaged we are in our communities. This work uncovered some unexpected facts available online at www.bettertogethercnj.org, and sets the stage for our 2008 Community Forum. It has also generated a new grantmaking focus that invites nonprofi ts to seek support for their work that brings people together.

Throughout this annual report you’ll see profi les of local residents who have helped raise our social capital by creating public spaces and gathering spots that foster a sense of shared purpose. Every increase in social capital deepens our ability — together — to tackle any problem.

We invite you to review the results of a tremendous year and learn how people just like you are using the Community Foundation and all its philanthropic tools to help the causes they care about most.

With best regards,

Nancy W. Kieling Thomas B. Harvey, Esq. President & Executive Director Chairman of the Board What charitable funds are part of the Community Foundation? 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 grantmaking focus. These funds are supported by thousands of people in the area who believe that they can accomplish more working together than alone.

C ommunityG rantmakingF unds are created by donors who want to support critical issues through Greater Mercer Grants, a competitive grants ield-of- nterest unds program open to all nonprofi t organizations in the region. F I F Tristan Beplat Fund Leroy E. “Brick” Purvis are created by donors to invest in areas they care about, such Charles L. & Ann Lee Brown Fund* Charitable Fund as education, health, the arts or a specifi c geographic region. James E. & Diane W. Burke Fund Barbara B. Smoyer Memorial Fund Rebecca Annitto’s Service Dorothy E. Katz Hopewell Valley Judith & William Burks Fund II Marjorie R. Smoyer Fund Opportunities for Students Reading & Recreation Fund Jane M. Campbell Fund Stanley C. Smoyer Fund (SOS) Fund Kuser Arts Fund Founders’ Fund for Frank E. Taplin, Jr. Fund Diane Dixon Fund Mental Health Fund Greater Mercer County Trenton Community Fund Educational Initiatives Fund Princeton Youth Fund Robert Wood Johnson, Jr. Fund Weymar II Fund Environmental Fund Safe Child Fund of New Jersey Learning Fund* Whitehead Fund Fund for Women and Girls Spin Club Fund Willy N. Fund N onprofi tF unds are created by nonprofi ts to support future programs, operations, or capital improvements. Anderson House* Friends of the New Jersey Pinelands Preservation Alliance* ARC/Mercer State Museum Princeton Community Housing* Better Beginnings Child Friends of the Princeton Princeton Pro Musica Care Center Public Library* Princeton Senior Boys & Girls Club of Trenton & New Jersey Policy Perspective* Resource Center* Mercer County* New Jersey Press Foundation* Princeton Symphony Orchestra* Crawford House* New Jersey State Trenton Area Soup Kitchen Friends of Capital Preparatory Horticultural Society United Way of Greater Charter High School* PEI Kids* Mercer County People & Stories / Gente y Cuentos* D esignatedF unds cholarship unds are created by donors to support specifi c nonprofi t S F organizations or projects. They can be set up to provide are established by donors who want to accomplish support in perpetuity, or to be spent over a period of years. specifi c educational objectives or underwrite educational opportunities for students. Judith & William Burks Fund III Aimee Eve Polak Memorial Fund Alicia Cascallar Memorial Fund Princeton Hospice Fund Greater Mercer County General Institute for Advanced Study Thomas George Fund Princeton Hospital Scholarship Fund* Pre-School Scholarship Fund Gilder Park Revitalization Fund Chaplaincy Fund Princeton Post No. 76, American A. Myrtle Hensor Teaching Herbert W. Hobler Fund II Province Line Fund Legion Scholarship Fund Scholarship Fund J. Seward Johnson, Sr. Lloyd H. Snyder Music Fund* Art Directors Club of New Jersey Sidd Kramer Memorial Fund Environmental Education Fund Spirit of Princeton Fund Scholarship Fund Louise Maas Allied Health Montgomery Veterans Leslie Vivian Memorial Fund Bethany Scholarship Fund Professions Scholarship Fund Memorial Fund John Witherspoon Middle School Frank Clark Memorial Fund Ronald & Helena Macklin New Hope Solebury 8th Grade Washington, DC Rachel Fink Memorial Scholarship Fund* Education Fund* Scholarship Fund* Scholarship Fund* Jim Roberts Jazz Scholarship Fund Shirley Irons Forrest, Class of 1938 Michael McGarry Skowronek & John R. Forrest, Class of 1937 Memorial Scholarship Fund Memorial Scholarship Fund Trenton Scholarship Fund Sandra M. Glazier Memorial Fund Mary Elliott Wislar Memorial Fund *new funds established between January 1, 2007 and June 30, 2008 O perating F unds Gardening, photography sustain our continuing work to build and nurture community philanthropy. and tai chi keep former General Fund — Blair-Reichelderfer Fund Future Fund (supporting PACF’s librarian connected. PACF’s Operating Fund Field Family Fund Operating Endowment)

Bernadine Aubert likes A dvisedF unds to spend her time doing allow donors to suggest benefi ciary organizations, taking advantage things that enhance her of guidance and information from the Community Foundation. feelings of connection to her Herbert & Fay Abelson Fund Gordon & Llura Gund Fund Ober Family Fund Lawrenceville community. Susan & Charles Artandi Fund* Ronald R. & Susan C. Hahn Orchard Fund Hester Bates / Fries Family Charitable Fund Els & Peter Paine Fund Gift Fund Hardy & Henifi n Family Fund Elly & Giorgio Petronio Fund A retired librarian, she B.S. Berlin Foundation Fund John F. & Margaret T. Plebney Trust Blair Family Fund Harper Fund Allen D. & Rhona W. Porter Fund* and her husband, Alvin, Boyer-Rohlf Family Fund Harvey Fund Princeton Regional Chamber of relocated here three years Ted Boyer Sr. Memorial Fund Adrianne Ivy Hassell Fund Commerce Foundation Fund Henry & Barbara Broad Fund* Katherine Hatton & PNC Fund ago from Detroit. Bromley Family Fund Richard Bilotti Fund Ravelli Fund* Alexander K. & Sara L. Buck Fund Sylvia Taylor Healy Fund* Reichelderfer-Blair Fund Harrison & Nancy Buck Fund Virginia Hendrickson Fund Robert’s Rule Fund* Bernadine enjoys gardening N. Harrison Buck, Jr., Fund Elissa S. Herst Philanthropic Fund Robichaud Fund in the Lawrenceville Judith & William Burks Fund Herbert W. Hobler Fund William & Maeryn Roebling Fund Whip Burks Family Fund Cynthia S. & Rosso-Maguire Fund Community Garden; taking James & Kathleen Cahill William L. Horr Jr. Fund Russo Philanthropic Fund classes at the Princeton Charitable Trust Fund Allen N. & Ann L. Jones Family Sanderson Family Fund Stuart Carothers Family Fund Foundation Fund Schreyer Fund Senior Resource Center; Charry Family Fund K2TOG Fund* Roddy Scott Fund practicing yoga and tai chi Civitas Foundation Fund Pamela S. & Martin Siegel Community Fund Morton & Donna Collins Fund John F. Kelsey III Fund Sienkiewicz Family Fund at the Lawrence Township Considine Family Fund* Kieling Family Fund Speir Fund Senior Center; and doing D’Arcangelo & Dippold Olivia Michelle Kuenne William & Hilda Spingarn Fund* Family Fund Rainbow Fund Spinner Family Fund senior walking at Rider P.J. Dempsey Family Fund Jeanne A. LaPlaca Fund Austin C. & Ann P. Starkey Fund University. David Dobkin & Lasley Fund Philip Stein Metrology Suzanne Gespass Fund Ann & Leighton Laughlin Fund* Education Fund Dobson Family Fund* Peter & Dorothy Stokes-Brown Fund She regularly attends events Ann & Gordon Douglas Fund Lawson-Johnston Fund Thomas Fund East ’86 Cares Fund William & Nancy Lifl and Fund UBS Financial Services- at the Princeton Public Egan Fund Lumenaria Fund Princeton Fund Library and McCarter Theater. Ellerslie Fund Ronald & Helena Anne VanLent Fund Erickson Family Fund Macklin Family Fund Martha & George Vaughn Fund Esther Y. Eure Fund Maggion Family Fund* John Duncan Wallace, Jr. “I like the interaction with Charles G. Ewing Charitable Fund Reverend Joseph P. Memorial Fund Fannie & Jim Floyd Fund Marron C. M. Fund Wallace-Gibson other people with similar Kinny Hubby Gallup Shirley & Art Martin Fund Grandchildren’s Fund interests,” says Aubert of Memorial Skating Fund* McAlpin Fund F. Helmut & Caroline Moore Gates, Jr. & Sean McGrath Fund Weymar Fund why she keeps connected Audrey W. Gates Fund Miller Family Fund Myra & Van Zandt with others. “Each day, it Gips Fund D.P. Miller Fund Williams, Jr. Fund Andrew & Carol Golden Fund Mills Foundation Fund WiMG Community gets me up and out, reading Rachel & Charles Gray Fund Minter-Yuan Family Fund Advancement Fund and learning things in Catherine Guerrera Margaret Morgan Fund Wojciechowicz Fund Charitable Fund Newton Family Fund* David T. Zing Memorial Fund classes. It’s stimulating.” Who supports the Community Foundation? 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, 2007 and December 31, 2007, or supported the Community Foundation’s 2007 annual appeal.

We regret that space cannot allow the listing of all donors and offer our sincere thanks for gifts in any amount. ndviduals A-B I Ben Abeles Herbert & Fay Abelson Rosalyn Dayan Bob & Marilyn Abrams Micaela de Lignerolles riends & amily Roger & Marcia Alig Joel Deitz & Barbara Berko F F Pamela Ammidon Pamela J. Dempsey In honor of: In memory of: Patricia Andres Norman & Roslyn Denard William J. Annitto Robert & Katharine W. Denby Susan Artandi Avinash Dixit Mrs. Annitto Rebecca Annitto Robert & Dorothy Baldwin Andy Dobson & Annarie Lyles Dr. & Mrs. William P. Burks Ed Coleman David A. Benjamin Joseph & Lorraine Donnelly Brian Dobbins Helen DePietro Robert & Linda Berger Patricia C. Donohue Rick Genow Frank Ewart Richard Bilotti & Katherine Hatton William & Linda Dowling Adolf Herst Judy Fulmer James & Elisabeth Bish Heidi Dreyfuss Patricia Herst Elissa Herst Michael & Barbara Blumenthal Georgine F. du Vivier Joan Hollendonner Sandra M. Glazier Harriett Bogdonoff Beth & John Dumont Paul & Kathy Klug Robert E. Kuenne Naomi Boretz Susan & Joseph Dunning Andrew Maggion Arthur S. Lane Cornelia N. Borgerhoff William & Judith Scheide Patsy Sienkiewicz Ted Boyer & Jane Rohlf E-F Ralph Serpe Aristotle Vazakas Mark & Sally Branon William & Pauline Egan Mrs. Martin Siegel Jill B. Vincent Sean & Susie Brennan Edith B. Eglin Matt Van Wagner Glenn & Jane Brewer Shawn & Roberta Ellsworth Donald Walker Barbara Broad William & Pamela Enslin George & Eileen Wislar Edward & Barbara Bromley Harold & Judith Erdman Paul Young Christopher Bruck Liz & Jon Erickson Bill & Judy Burks Thomas & Pamela Espenshade oundations, F Steve & Maxine Farmer C-D Ken & Caryl Field rusts states James & Kathleen Cahill Val & Daisy Fitch T & E Vincent Cancilla & Jim & Fannie Floyd Earlene Baumunk James A. Floyd, PhD AKS Foundation Inc. PNC Foundation Stuart & Dodie Carothers James & Abigail Ford Charles G. Ewing Charitable Rita Allen Foundation Bob & Jill Carr Phyllis M. Frakt & Lead Unitrust Robert Wood Shirley Suiling Chan & Alan M. Hershey Chautauqua Region Johnson Foundation Robert H. Austin Mark & Beth Freda Community Foundation Schwab Fund for Ellen Charry Dorothy Fullam Estate of Katherine Z. Prowe Charitable Giving Gregory Chasar Thomas & Peggy Fulmer Fidelity Charitable Gift Fund Silicon Valley John & Melanie Clarke Rev. Peter & Mary Funk Free Enterprise Foundation Community Foundation Raymond & Marty Close Harold Wetterberg Foundation The Emily and John Bruce & Barbara Coe G-H Imada Foundation Harvey Foundation Marge Considine Bob & Mary Garrett J. Seward Johnson Sr. 1963 The Estate of Mary B. Zehnde Betty Anne Cooper Moore & Audrey Gates Charitable Trust The Schreyer Foundation Clifford S. Cramer Louise D. Gengler Jewish Communal Fund Tristan E. Beplat Charitable Trust Marcy Crimmins Thomas George Margaret Mayhall Twin Chimney Inc. Jonathan & Jenny Crumiller Edward & Nannette Gibson Moore Foundation Vanguard Charitable Debby D’Arcangelo & Donald Gips & Elizabeth Berry Northern Chautauqua Endowment Program Ed Dippold Rob Gips & Karen Harris Community Foundation William & Hilda Robert & Mary Ellen Darretta Philip Gitomer & Teresa Maone Piper Sutton Foundation Spingarn Foundation Linda G. Gochfeld Barry L. Goldblatt Brewing a sense of community.

Experiencing the café Andrew & Carol Golden P-Q-R culture of Europe inspired Peter & Sylvia Golden Stephen & Susan Paneyko David A. Goldfarb Michael & Louise Kingston Sybil Parnes Jessica Durrie to build a Gil & Ellen Gordon Elizabeth Kitts Richard & Noella Partridge community around coffee David & Suzanne Grant Katherine M. Klotzburger, Ph D June Pecora Melinda W. Green Paul Klug & Kathleen O`Brien Sandra Persichetti and good cheer. Fred & Barbara Greenstein Gina & William Kolata Tod & Betsy Peyton Margaret Griffi n & Scott Sillars Kimberlee & John Phelan Marilyn Grounds L-M Dr. & Mrs. Robert Pickens Upon graduation from Herbert & Maxine Gurk Casey & Sam Lambert Sarah M. Piller Cornell University, Jessica Jack & Joan Hall Sally Lane Ev & Kay Pinneo The Hall Family Yuki & Jeff Laurenti Charles & Dorothy Plohn helped launch coffee houses Winifred T. Hall Bernard & Joan Lechner Susan L. Porcella in Michigan and California. William & Barbara Happer Richard J. & Neil Ann S. Levine Allen & Rhona Porter Maurice & Iona Harding Toby & Susan Levy John & Janet Powell Howard W. Hardy, MD & Dr. & Mrs. Fraser Lewis Christopher & Esther Pullman Searching for her own place, Mary Sue Henifi n Esq. William & Nancy Lifl and William & Marjorie Putney James & Mildred Harford Rachel Lilienthal Stark & Todd Quackenbush & she moved to New Jersey Eugene & Janet Haring Ryan Stark Lilienthal Pamela Wanner and in 1993 opened Small John & Margee Harper Walter Lippincott Richard & Barbara Rambo Nancy & Hendrik Hartog Cathleen & James Litvack Kerri Ratcliffe & World Coffee, located at Tom & Archer Harvey Christine Lokhammer Robert Henderson 14 Witherspoon Street, James & Margaret Hastings Burton & Nancy Malkiel Philip & Betty Reed Beth Healy Jeannette Manello Ann Reichelderfer & Princeton. Pamela J. Hersh Clayton & Margaret Marsh Douglas Blair Anita Highton Joseph & Barbara Marshall Stanley & Marie Repko Herbert W. Hobler Arthur & Shirley Martin Dr. J. E. Ringland Today, much of Jessica’s time Eleanor Horne Ed & Marie Matthews Christine G. Ritter is focused on keeping the Cindy & Bill Horr Edward & Susan McCabe William & Maeryn Roebling Ann Hovanec Douglas McCune & Charles & Marsha Rojer coffee house running well Rosemarie Hunninghake Susan Jefferies Edith Rose and ensuring that it provides Thomas F. Huntington Seymour & Jackie Meisel William & Jeanine Rosen Mr. & Mrs. Robert L. Hutchings Andrew Miller & Lynne Ruff Irwin Rosenblum a strong sense of community Nancy B. Miller Peter & Frances Scott for her staff and customers. I-J-K Michele Minter & Jeff Yuan Rossmassler Mark Itzler Constance H. Moore Harvey & Nancy Rothberg Susan Jennings Roger & Caroline Moseley Vivianne Russell One of her mantras about Betty Wold Johnson Mimi Mount & Tim Loretangeli William & Susie Johnson S-R friendship and communities Maria Juega N-O Rita Seplowitz Saltz is “Community does not just Ram & Vinita Kapur David Newton Jeffrey & Betsy Sands Walter Kauzmann Jack & Eve Noon Shirley A. Satterfi eld happen. You have to work Pamela S. Kelsey Frank & Judith Norris Cathy Schaeder & Eric Batterman on it every day.” Jared, Nancy & Gretchen Kieling Nelson Obus & Eve Coulson Herbert & Judy Schneider James Kilgore Richard Olsson David & Ruth Scott Carol King Patricia Osander Ralph Serpe & John Bancroft And she does. Carroll K. King John Sienkiewicz Ruth & Elliott Sigal >> Who supports the Community Foundation?

L egacy S ociety ndividuals (cont.) I Those who remember any Leonard & Betty Jane Smith Georgia Whidden & Community Foundation fund Stanley & Marjorie Smoyer Norman & Fritzie Keith Wheelock through a will, trust, or other Miriam E. Snyder Tottenham-Smith Stephen White planned gift become members Nancy Snyderman & Eunice Wilkinson of our Legacy Society, which Doug Myers U-V-W-Y Van Zandt & Myra Williams recognizes their future gifts. Barbara & Keith Spalding Charles & Letitia Ufford John Wilmerding If you would like to become a Elizabeth E. Speagle Tom Van Wagner John & Rosemary Wise member of the Legacy Society Austin & Ann Starkey Anne VanLent Edwin & Brenda Wislar by including a charitable gift in Joseph & Carol Stewart Ann Marie Vaurio, Esq. Donald & Susan Wilson your fi nancial or estate plans, D. H. Stockwell Jr. Fred Vereen Richard C. Woodbridge, Esq. the Community Foundation Robert & Marie Sturken Trisha & Bob Volk Woodwinds/Sam & will be happy to work with Thomas W. Sumners Jr., Esq. Robert & Barbara Walker Judi deTuro you and your professional Alyce A. Swartz Jack & Happy Wallace Evan Yassky & advisors. Simply notify us of Calvin B. Thomas Jr. Martha J. Watlington Andrea Didisheim your plans so we may provide Ted & Penny Thomas Vicky Weisfeld Charles & Rochelle Yedlin sample bequest language and David Thompson Lucien & Anne Yokana help tailor your charitable gift to fi t your personal situation. Please visit our website or orporations contact us for a Legacy Society C Membership Form. BlackRock Merck Partnership for Giving Church & Dwight Co. Merrill Lynch Global HERBERT & FAY ABELSON Cinquino + Co Private Client Group Brian J. Ganton & Associates Ortho Women`s Health & Urology WILLIAM P. BURKS, MD Goldman Sachs, Princeton Premier Research VIOLET FRANKS Goldman, Sachs & Co Pro Football Hall of Fame THOMAS GEORGE Matching Gift Program Shapiro Capital HERBERT W. HOBLER IT Solutions Management Company Johnson & Johnson Smith Design Associates MARIA JUEGA Consumer Companies Stevens & Lee THEODORE & CARROLL KANE JRW Custom Software TLB Properties JARED & NANCY KIELING CAROL KING DORIS S. MCDANIEL WILLIAM* & C ommunity O rganizations DOROTHY NOONAN MR.* & MRS. MAYNARD C. American Legion Princeton PEI Kids Post No. 76 People & Stories/Gente y Cuentos NUGENT Arc/Mercer Pinelands Preservation Alliance RICHARD & CAROL OBER Art Directors Club of New Jersey Princeton Senior Resource Center MIMI & STUART SCHWARTZ Bordentown Rotary Princeton Symphony Orchestra RALPH M. SERPE Hillsborough Memorial Princeton Theological Seminary Post 8371 of VFW Princeton Township PBA 387 HOWARD SISKOWITZ New Hope-Solebury Princeton University STANLEY & MAJORIE SMOYER School District Seton Hall University TOM & MARIA SPINNER New Jersey Policy Perspective United Way of Monmouth County AUSTIN C. STARKEY JR. PENNY & TED THOMAS We have made every attempt to be accurate in this honor roll. KEITH WHEELOCK If we have made an error or omission please accept our sincerest apologies and contact us at 609.219.1800. *deceased The Community Foundation celebrated giving by hosting a community luncheonommunity uncheon to commemorate our history of building community byC building philanthropy. L Penn State football coach and philanthropist, Joe Paterno, delivered the event’s keynote address.

We thought Joe Paterno was terrifi c. His message is the Community Foundation’s message, delivered in his own wonderful style. He accommodated his many fans with grace, and shared his great sense of humor and insight with us. Many people have told us that his story of the minister raising funds for a new church (“The good news is that we have a million dollars — the bad news is that it’s in your pocket.”) resonated with them. Community Foundation President, Nancy Kieling (left), introduces keynote speaker, Joe Paterno. Why did we draft a football legend to talk about philanthropy? Because Joe Paterno is himself a remarkable philanthropist. People who know Paterno as the winning PATRONS FRIENDS FOUNDERS CIRCLE head coach of the Nittany Lions since ETS Certifi ed Credit & Wendy Benchley 1966 are learning the story of his personal PNC Wealth Management Collection Bureau Alexander & Sara Buck generosity. Paterno and his family have WithumSmith+Brown DrinkerBiddle Gordon & Lulie Gund given more than $4 million to non-athletic Field & Higgins Tom & Archer Harvey Henderson Sotheby’s William A. Schreyer programs at Penn State, a university he International Real Estate Austin & Ann Starkey did not even attend but whose academic The Mercadien Group mission he cares about passionately. He Princeton Partners may well be the most generous collegiate coach in the country. We couldn’t think LEADERSHIP CIRCLE GOLD CIRCLE of a better person to talk about the Ted & Jane Boyer Mr. & Mrs. John S. Brown experience of giving. Bill & Judy Burks Gil Gordon Zoe & Art Bylin Melinda W. Green Debby D’Arcangelo & James & Karen Griswold Merrill Lynch Chairman Emeritus and Ed Dippold Randall A. Hack Community Foundation associate William Joe Gallagher Tobin Levy A. Schreyer introduced Mr. Paterno. Nancy W. Kieling Christine Lokhammer He joined over 400 other business and Sam & Casey Lambert Art & Shirley Martin community leaders, philanthropists, William M. Mayhall Mark Pollard Michele Minter Mr. & Mrs. Stephen H. nonprofi t executives, and professional Jay & Amy Regan Paneyko advisors to support the Princeton Area Stanley & Marjorie Smoyer Anne & Jack Rabinowitz Community Foundation. Lisa & Andy Smukler Barbara A. Rambo Anne M. VanLent John Sienkiewicz Matthew & Diana Weymar Fred Vereen, Jr. Susan & Donald Wilson Jack Wallace

SILVER CIRCLE Stuart & Dodie Carothers Veronica Fielding John & Mary Loetscher Jay Chandler Charles S. Ganoe William H. Osborne, III Melanie & John Clark Michael Gehret Allen D. Porter, Esq. Barbara Coe Thomas George Ann Reichelderfer, Esq. Cliff Cramer Joan & Jack Hall David R. Scott, Esq. Edward Crane Mary Sue Henifi n Ralph M. Serpe Donna M. Di Lorenzo Pamela Hughes Irwin Stoolmacher Beth Dumont Walter Kauzmann W. Bryce Thompson V Susan Dunning Ann & Leighton Laughlin Daphne Townsend Kay Eaton Leonard Lo Dico Jim & Martha Wickenden Miguel Fernandez Jean M. Wiegner Why give through the Community Foundation?

Because it’s easier to make a difference if you give through the Community Foundation. Individuals, families, organizations, foundations — even groups of friends — have established funds with us. Each has found a way to give back to the community through a charitable fund.

It’s Simple Creating a fund is quick and easy, and can be accomplished with a variety of gifts including cash, stock, or real estate. Donors use their Community Foundation fund to manage all of their charitable giving What is a community foundation? during their lifetime, or create a fund through their will or a trust. A community foundation is a simple and ingenious organization designed to make it possible for anyone to support their community Funds Are Flexible now and in the future. It attracts charitable dollars, manages and invests Your fund can be tailored to fi t your charitable vision and priorities. If the money, and gives money through grants to support nonprofi ts. you wish, your fund’s grantmaking can be managed by the Community Community foundations manage many charitable funds under one roof. Foundation to meet the greatest needs in the community now and in They have deep roots in community, experience working with nonprofi ts, the future. and are a knowledge bank for local philanthropy. The impact of a community foundation is evident in its permanence on the one hand, and its fl exibility on the other. Funds Can Be Directed You can designate a particular organization, community, or issue to What is the Princeton Area support. You can create a scholarship in memory of a loved one. You can also establish a fund that allows you to be actively involved by Community Foundation? suggesting grants from your fund. The Princeton Area Community Foundation is the community foundation for greater Mercer County and central New Jersey. It was the Funds Bring You Benefi ts fi rst Nationally Certifi ed Community Foundation in the state. No matter the size of your fund, all donors enjoy the benefi ts and services of the Community Foundation. Funds are pooled and invested What are National Standards? for maximum stability and growth. You can tap the knowledge of our staff to help guide your individual grantmaking. National Standards for community foundations are a set of benchmarks intended as a blueprint for internal operational development and an What services does the external assessment of performance. Community Foundation provide? The forty-three Standards address key issues of governance, development, accountability, leadership and communications. No matter what type of fund you create at the Community Foundation, The certifi cation process requires rigorous peer review by experienced and we understand the importance of ensuring that your charitable gifts trained professionals at the Council on Foundations in Washington, DC. go to the things you are most passionate about, and that your gifts are used as you intend. To meet your needs and maximize the impact of your charitable giving, we provide an array of services:

• Guidance to help you achieve your desired goals • Coordination with your professional advisor • Flexibility to accept a variety of gifts • Investment management • Stewardship of your legacy after your lifetime • Planned gift consultation • plus complete administration Which fund is right for you? Employee & corporation When you establish a fund at the Community Foundation, you choose a percentage of your fund to team up to help others. be distributed annually based on your giving priorities. You may name the fund whatever you wish. It can carry your family name as a permanent memorial or it can be anonymous. You can choose among several fund types: When John Grasso lost his son, Robert, to cancer in Community Grantmaking Funds — When you create a community grantmaking fund, you help local nonprofi t organizations with grants that support the changing needs of the area. 2000, he decided he wanted Field-of-Interest Funds — Create one of these funds when you wish to support organizations to do something that would within a geographic region or within a general area of charitable interest, such as education, health, help people live healthier social services, or the arts. and longer. Advised Funds — You can stay involved in the distribution of your gifts by establishing an advised fund. You reserve the right to make grant recommendations to support charitable organizations and activities that are of interest to you. He started walking, for Scholarship Funds — The Community Foundation manages a variety of scholarship funds, ranging himself — he had both a from those that support college study to those that are available for a variety of educational pursuits. quadruple, and a triple, Designated Funds — You can establish a fund to benefi t one or more organizations you identify. Creating a designated fund is a perfect way to honor your volunteer service and continue your annual heart bypass in the past — giving in perpetuity. and for a cause. Operating Funds — Creating an operating fund supports the Community Foundation’s continuing community-building work and helps make charitable giving education available. Since then, he and his employer, Janssen, have raised more than $90,000 How do I create a charitable fund through my estate plan? for the American Heart

You can ensure that your commitment to your community continues with a bequest to the Community Association’s Annual Heart Foundation through your will or trust. You may direct your bequest to create a new fund or support an Walk in Central New Jersey. existing one. Once we know your intentions, we can assist you in making more precise arrangements for how the Community Foundation will put your gift to work. And the last two years, with the help of matching funds, he was the top Heart Walk fundraiser in the state, Are you ready to give back? raising over $20,000 annually. When you’re ready to give back, consider establishing your own charitable fund He’s also been involved with the Community Foundation and use it in bringing low-income, to support the causes you care about most. senior housing to his 15 Princess Road In addition to the good feeling Lawrenceville, NJ 08648 Trenton neighborhood. that comes with making a difference, Tel: 609.219.1800 you get a little something extra — Fax: 609.219.1850 a legacy that lives on and on. Email: [email protected] “If I can help other people in Contact us to learn how you any way, I will do it. We all can make a difference that lasts forever. www.pacf.org need each other; I believe in the oneness of man.” Where does the Community Foundation grant the money? The Community Foundation grants across Mercer County, central New Jersey, and throughout the country.

In 2007, the Community Foundation awarded 731 grants totaling $2,558,174 to nonprofi ts in central New Jersey and across the country in the following categories.

How are grants made from the different kinds of funds? Building Community — $381,130 — The Community Foundation evaluates Agenda SOS International PlanSmartNJ* Amnesty International Princeton Center for ideas and projects, and responds to the Baltimore Community Foundation Leadership Training* ever-changing needs of our region. Carter Center Princeton Future Hands on Helpers Princeton Pettoranello Foundation Housing & Community Princeton Project 55 Grants from Community Grantmaking, Development Network Princeton Senior of New Jersey* Resource Center* Field-of-Interest, and Scholarship Funds are Isles Southern Poverty Law Center awarded through an open competitive process New Jersey Association Sustainable Lawrence* on Corrections The Civic Formation* overseen by the Community Foundation’s New Jersey Future Trenton Downtown Association* Grants and Advisory Committees. Peace Action Education Fund Trenton Film Society* People & Stories/ YWCA of Trenton* Gente y Cuentos* YWCA Princeton* Advised, Designated, and Nonprofi t Fund grants are made in consultation with individuals or groups of donors to support the organizations and interests they care most about. Bringing Arts & Culture to Everyone — $192,264 —

A.E. Backus Museum & Gallery Princeton University Art Museum American Boychoir School Riverside Theatre American Museum of Robbinsville High School Natural History Drama Club Arts Council of Princeton St. Anna’s Episcopal Church Boheme Opera Sun Valley Summer Symphony Creative Connections The Philadelphia Orchestra Friends of the NJ State Museum The Princeton Festival Greater Princeton Youth Orchestra Thirteen-WNET McCarter Theatre Tipitina’s Foundation Montgomery Center for the Trenton Children`s Chorus Arts/1860 House Trenton Community Music School Museum of the Gilded Age Trenton Education Dance Institute Opera New Jersey Trenton Museum Society Passage Theatre Company West Windsor Arts Council Patriots Theater Foundation Westminster Choir College Peters Valley Craft Center of Rider University Philadelphia Theatre Company WHYY Philadelphia Volunteer Lawyers WNYC Public Radio for the Arts WRTI Princeton Girlchoir Young Audiences of New Jersey Princeton Symphony Orchestra Jumpstarting a community Providing Basic Services at a local bookstore.

— $374,869 — Eric Maywar, of Trenton, All Saints` Church, Bay Head Holy Cross Monastery Recording for the Blind knows how a special American Friends of the HomeFront* & Dyslexic neighborhood gathering Anglican Centre in Rome Interfaith Caregivers of Recording for the Blind American Friends Greater Trenton* & Dyslexic, NJ Unit place can create social Service Committee International Rescue Committee Rescue Mission of Trenton* capital — because he American Jewish Committee Jewish Family & Children’s Service Rocky Hill First Aid & American Jewish Committee - of Greater Mercer County Rescue Squad owns one. Central Jersey Chapter Kendall Park First Aid & Rocky Hill Hook & Ladder American Littoral Society Rescue Squad Company No. 1 American Red Cross Kirkridge Retreat Center Salesian Missions In any given month, American Red Cross of Lawrence Neighborhood St. Francis Xavier Church Maywar’s Classics Bookstore Central New Jersey Service Center St. John’s Episcopal Church CARE Lead the Way Fund St. Mark`s Church hosts more than a dozen Catholic Charities - Lighthouse International St. Stephen`s Episcopal Church activities and groups. Diocese of Metuchen Martin House Foundation Starfi sh Africa Center for Jewish Life Mercer Street Friends Center The Episcopal Church at Centurion Ministries Mercer Street Friends Princeton University “You get people networking Cerebral Palsy of New Jersey* Food Cooperative* The Interfaith Alliance Common Hope Mobile Meals of Trenton/Ewing* The Jewish Center when there’s a place where Compassion & Choices Montgomery Emergency Treasure Coast Hospices they can sit down and relax Crisis Ministry of Princeton Medical Service Trenton Area Soup Kitchen and Trenton Moore Community House Trinity Cathedral, Trenton and talk to each other,” Deeper Life Christian Mount Carmel Guild of Trenton* Trinity Church, Princeton says Eric. Tabernacle Church NARSAD Ujima Christian Church Ministries* Eden Institute Foundation Nassau Presbyterian Church United Jewish Federation of Enable Needful Provisions Princeton Mercer Bucks He also works for the Episcopal Relief and New Israel Fund United Way of Development Oxfam America Greater Mercer County Trenton Downtown Friends of Alouette, International Pine Street Inn Western Idaho Community Association, where he Give Us Your Poor - Princeton Community Associates Action Partnership University of Massachusetts Princeton Community Housing Womanspace coordinates the annual Habitat for Humanity - Princeton First Aid & Women`s Way Patriots’ Week celebration. Trenton Area* Rescue Squad Woody’s Circle of Hancock Volunteer Princeton Senior Resource Center Care Foundation Fire Department Princeton Theological Seminary World Vision “When you get people Heifer International Progressive Center for YWCA Princeton High Ridge House Independent Living* together, face-to-face, it’s easier to defi ne problems and get help, and get people excited. Instead of having everyone at home, they can be out, jumpstarting their community.” Where does the Community Foundation grant the money?

Youth — $247,150 —

Arts Council of Princeton* Children`s Inn PEI Kids* Big Brothers Big Sisters Christ`s Home for Children Princeton Child of Mercer County* Community Action Development Institute Bobby Campbell Service Center* Princeton Public Library Foundation Lacrosse Foundation Council of New Jersey Princeton University Boy Scouts of America - Grantmakers Department of Athletics Central New Jersey Council Fresh Air Fund Princeton Young Achievers* Boys & Girls Club of Girl Scouts of Delaware-Raritan Princeton-Blairstown Center Trenton/Mercer County* Henry J. Austin Health Center* Sports4Kids Boys & Girls Clubs of America HiTOPS* The Home for Little Wanderers Boys` Towns of Italy KidsBridge* Trinity Counseling Service Camp Tecumseh Lawrence Non-Profi t Housing* UNICEF Capital Health LifeTies* USTA: National Junior Tennis System Foundation Martin House Learning Center* League of Trenton* CASA of Mercer County* Mary Jacobs Memorial Library Young Audiences of New Jersey* Children International Mercer County Equestrian Center YouthNoise Children`s Defense Fund Passage Theatre Company

Helping People Live Healthy & Productive Lives — $652,079 —

Action on Smoking & Health Corner House Foundation Joey DiPaolo AIDS Foundation* Pulmonary Hypertension African American Offi ce of Covenant House Juvenile Diabetes Research Association Gay Concerns* Doctors Without Borders Foundation South Jersey AIDS Alliance* All About HOPE* Eden Family of Services Malaria No More Special Olympics Alzheimer’s Association EngenderHealth Matthew Larson Foundation St. Matthew’s Community Delaware Chapter Eye Institute of New Jersey Myocarditis Foundation Outreach Center* American Cancer Society Family & Children’s Services NAMI Mercer NJ* Susan G. Komen Breast Anderson House of Central NJ* Nantucket Cottage Hospital Cancer Foundation Avon Walk for Breast Cancer Family Guidance National Foundation for Transplants The Cancer Institute of Better Beginnings Day Care Center Corporation National Multiple Sclerosis Society New Jersey Foundation Center of Hightstown* FINCA International NJ Foundation for the Blind Trinitas Hospital* Broadway House for Continuing Fiorello H. LaGuardia Foundation North Jersey Community Trinity Counseling Service Care Foundation* Foundation of UMDNJ* Research Initiative* UMDNJ-Robert Wood Johnson C.A.T.A.* Friends of West Windsor NPT Breast Cancer 3-Day Medical School* Camden Area Health Senior Citizens Planned Parenthood Association Visiting Nurse and Hospice Care Education Center* HiTOPS* of Mercer Area* of Southwestern CT CHADS Coalition for Mental Health Hospital for Special Surgery Fund Planned Parenthood Federation Visiting Nurse Association of Children’s Brain Tumor Foundation International 22q11.2 Deletion Planned Parenthood of Georgia Central Jersey* Christ House Syndrome Foundation Population Institute VNA Home Care of Mercer County Coalition to Stop Gun Violence International Planned Parenthood Princeton Deliverance Center* Women’s Heart Foundation* Community Foundation of Federation Princeton HealthCare YMCA Camp Ockanickon* New Jersey Jersey City Connections* System Foundation Learning, sharing and enriching from the hub Supporting Education & Learning at Every Age of activity.

— $417,207 — As librarian Jinny Van Americans United for Lawrence Township Princeton University Wynen Baeckler and other Separation of Church & State Education Foundation Princeton Young Achievers town leaders plan the new Amherst College Lawrenceville School Queen of Peace High School Baldwin Wallace College Loyola College Rider University Plainsboro Library, they are Barnard College Maria Mitchell Association Rock Brook School making sure it will become Books for Africa Marin Academy Roper Center for Boston University Marist College Public Opinion Research a resource center in the Butler University Massachusetts Institute Rose-Hulman Institute broadest sense of the word. Byerschool Foundation of Technology of Technology Capital Preparatory Charter Mercer County Rutgers University High School Community College San Domenico School “Libraries are places where Career Development Awards Miss Porter’s School Skidmore College Case Western Reserve Montgomery Township Smith College people meet, share, learn University School of Law Education Foundation Society of the Cincinnati and enrich each other,” says Centenary College Morristown-Beard School St. Paul’s School Church of the Incarnation NAACP Legal Defense and St. Raphael School Jinny. “My excitement about Clark University Educational Fund Strathmore University Foundation this location is that it will Cloud Forest School Foundation Nantucket Atheneum Stuart Country Day School Community Park School PTO Nantucket Community Sailing Temple University put the library into the hub Copley-Fairlawn Schools National Council on The Brooklyn College Foundation of activity.” Cornell University Measurement in Education The College of New Jersey Deerfi eld Academy Native American Rights Fund The Hill School Drew University New Jersey The Rockefeller University The new library, slated to Drexel University Newspaper Foundation Towson University Episcopal Academy New Jersey SEEDS* Trenton Catholic Academy open in the spring of 2009, FCNL Education Fund NJN Foundation Trenton Central High School will anchor the recently Forum Foundation Oberlin College Trenton Public Friends of Marblehead Occidental College Education Foundation created Village Center Public Schools Our Lady of Mount UMDNJ-RWJ Department of Plainsboro. Friends of the Leominster Carmel School of Surgery Public Library Pennsylvania State University Union of Concerned Scientists Friends of the Princeton Pennsylvanians for University of Maryland It will be chock full of Public Library Modern Courts University of Pittsburgh Georgian Court University People & Stories/ University of Richmond amenities. Meeting rooms, Gilman School Gente y Cuentos Vanderbilt University a casual reading area, a Global Education Fund Pingry School Village Charter School Fund Halt Plan USA Wellesley College mini cafe, a gallery and Hampshire College Princeton Academy of Westminster Choir magazine section all will Harvard University the Sacred Heart College of Rider University Hotchkiss School Princeton Adult School* Wheaton College draw residents to the major Institute for Advanced Study Princeton Day School Woodrow Wilson National cultural and education center. International Students Princeton Education Foundation Fellowship Foundation Kean University Princeton Friends School Yale Law School Kent Place School Princeton Nursery School* Yale University ”We’re going to bring our Kenyon College Princeton Public Library Yeshiva University Latin American Legal Defense Princeton Public YMCA of Princeton services to the commercial and Education Fund* Library Foundation Young Scholars` Institute* and economic center of Princeton Regional Schools the town.” Where does the Community Foundation grant the money?

Protecting the Environment — $140,250 —

Alaska Conservation Foundation Forest Stewardship Council New Jersey Alliance for Sustainability Friends of Princeton Open Space Conservation Foundation American Rivers Greenbelt Alliance Ploughshares Association of Zoos & Aquariums Greenpeace Fund Rails-to-Trails Conservancy Canal Society of New Jersey Idaho Conservation League Rainforest Action Network Clean Water Fund Marin Agricultural Land Trust Sierra Club - NJ Chapter Conservation International Montgomery Friends of Sierra Club Foundation Darwin Foundation Open Space Stony Brook Garden Club Delaware & Raritan National Parks Stony Brook-Millstone Greenway Land Trust Conservation Association Watershed Association EarthJustice Natural Resources Sustainable Lawrence Earthworks Defense Council Wilderness Society Environmental Defense Nature Conservancy Your ReSource Environmental Resource Center New Jersey Audubon Society

Protecting Animals — $35,050 — Preserving Our Past — $118,175 — Days End Farm Horse Rescue SAVE Humane Society of the Whale Trust Chatham Historical Society National Constitution Center Treasure Coast Wildlife Trust Heritage Trail Association New Jersey Italian American National Wildlife Federation World Wildlife Fund Historic Morven Heritage Foundation Historical Society of Princeton Rockingham Association Nantucket Historical Association Times Charities/ Nantucket Preservation Trust Old Barracks Museum

*These grants were awarded in a competitive process through Greater Mercer Grants, The Fund for Women and Girls and the New Jersey AIDS Partnership.

To request information, guidelines and application materials for any Community Foundation competitive grant opportunity, scholarship or award, please visit our website at www.pacf.org or call 609.219.1800.

GREATER MERCER GRANTS THE FUND FOR WOMEN AND GIRLS Building Community across Greater Mercer County Supporting Girls and the Women who raise them: Supporting nonprofi t organizations engaged in community- Helping girls succeed in their personal, academic, family, wide efforts to address shared problems and opportunities. and community lives. Building Community in Low-Income Neighborhoods THE NEW JERSEY AIDS PARTNERSHIP Supporting nonprofi ts, associations, and groups in low- income neighborhoods to work together on local projects. After more than a decade at the Princeton Area Community Foundation, the New Jersey AIDS Partnership has moved Helping Low-Income People to the Hyacinth AIDS Foundation. Supporting nonprofi ts that make a meaningful difference in the lives of low-income people. While at the Community Foundation the Partnership made over $4 million in grants supporting 229 projects at 51 organizations. Who else does the Community Foundation work with?

The Community Foundation works with professional advisors, private foundations, and other organizations to encourage charitable giving across the region.

Kids can feel welcome How is the Community — and safe. Foundation a resource for How does the Community professional advisors? Foundation support corporate Preschoolers and giving programs? kindergarteners kick off The Community Foundation works with professional, legal, and fi nancial advisors to The Community Foundation assists corporations with most days at the Hopewell help them present philanthropic options to their the set-up of their corporate giving program — training Township skate park. clients without recommending a specifi c charity. staff and assisting with the development of program By working through the Community Foundation, mission, focus, guidelines, infrastructure, and process. their clients can support a wide range of charities We handle the entire transaction, from due diligence on As the day progresses, locally, nationally, and internationally. potential grantees to issuing grant letters and awards to nonprofi ts. older kids replace the Why do other nonprofi ts youngsters, according to bring their endowments to the Judy Niederer, Hopewell What is the Professional Advisor Community Foundation? Township recreation director. Recognition Society? Teenagers and even young Partnering with the Community Foundation allows organizations to focus on their core mission while The Professional Advisor Recognition Society adults up to age 23 to 25 acknowledges the following people for their taking advantage of the Community Foundation’s often skate till dusk. professional and diversifi ed investment commitment to the community and their work to management, planned giving, and endowment encourage philanthropy across central New Jersey. fundraising support. KENNETH FIELD, CPA Almost never is the park Field & Higgins How does the Community empty, even in the dead PATRICIA U. HERST, ESQ. of winter. Foundation work with private Goldstein & Herst foundations? THOMAS G. MCMAHON, ESQ. Pellettieri, Rabstein & Altman “This is a nice, safe place to Private foundations work with the Community play,” said Neiderer, who Foundation when they need an advisor, mentor, MARGUERITE L. MOUNT, CPA facilitator, or convener. Some create a parallel The Mercadien Group noted the proximity to the advised fund to their private foundation, which DAVID S. MULCHINOCK, ESQ. Hopewell Police Department allows them to access grantmaking and services Attorney at Law without changing their current structure. (right next door) and the ALLEN D. PORTER, ESQ. Miller, Porter, Muller and Gaynor adjacency to the township ANN REICHELDERFER, ESQ. baseball and football fi elds. Stevens & Lee

Credits AUSTIN C. STARKEY JR. The park draws youngsters PNC Wealth Management BETTER TOGETHER CO-SPONSOR from Hopewell and other IRWIN S. STOOLMACHER Princeton Regional Chamber of Stoolmacher Consulting Group nearby New Jersey and Commerce Foundation JEAN M. WIEGNER Pennsylvania communities. BETTER TOGETHER PROFILES AND PHOTOS Merrill Lynch Taft and Partners

PATERNO PHOTOGRAPH “We want kids to use the Jamie Escarpeta park and to feel welcome,”

Aubert photo taken at Willis Nursery, Lawrenceville says Niederer. Photo of Darin Pa (cover) taken at Hopewell skate park How does the Community Foundation invest its money?

Our charitable assets held for long-term grantmaking are managed in a pool of investments created specifi cally for the Community Foundation. The Investment Committee monitors performance on a quarterly basis and oversees our investment policy.

What is the Community Foundation’s investment objective?

Our investments have a long-term time horizon and are structured with the objective of achieving returns greater than the combined total of our grantmaking, administrative costs, and infl ation. The guiding philosophy of our management is prudent stewardship of funds entrusted to the Community Foundation by donors for the benefi t of the charitable organizations we serve. What is the Community Foundation’s The Community Foundation uses a total return approach historical investment performance? to investment management. Total return describes the change in fund value over time resulting from interest, Returns as of December 31, 2007 reported net of dividends, and capital appreciation as a result of both investment management fees: realized and unrealized gains. 3-Year 5-Year 1-Year Annualized Annualized What is the Community Foundation’s Total Fund 11.10% 11.79% 13.60% investment strategy? S&P 500 5.49% 8.62% 12.83%

Our investments are broadly diversifi ed across asset Lehman classes and investment styles in order to enhance results in Aggregate 6.97% 4.56% 4.42% all market environments. Blended An important feature of the Community Foundation’s Benchmark* 10.70% 11.01% 13.52% portfolio is its asset allocation which includes domestic and international stocks and bonds and investments * A custom measure based on the Community Foundation’s independent of the markets. asset allocation.

Asset Class Target Domestic Equity 30% International Developed Markets Equity 10% International Emerging Markets Equity 10% Independent Return 25% Fixed Income 25% STATEMENTS OF FINANCIAL POSITION December 31, 2007

ASSETS Statement of Activities & Changes in Net Assets Current assets for the year ended December 31, 2007 Cash & cash equivalents $ 2,148,847 Contributions receivable 111,006 Support and Revenues Investments 51,756,373 Total Contributions $ 3,507,313 Prepaid expenses 14,965 Investment income 4,834,448 Split interest agreements 853,218 Other income 11,833 Cash surrender value Special Events 70,210 of life insurance 125,067 Change in value of Deposits 10,125 split interest agreements (1,102) Property and equipment. net 9,375 Total support and revenues $ 8,422,702

Total current assets $ 55,028,976 Allocation and Expenses Grants and special projects $ 3,117,369 Management and general 240,268 LIABILITIES AND NET ASSETS Fundraising 135,007 Current liabilities Total expenses $ 3,492,644 Accounts payable and accrued expenses $ 28,189 Change in net assets $ 4,930,058 Grants payable 2,495 Net assets, beginning of year 47,866,346 Funds held for others 2,201,888 Net assets, end of year $ 52,796,404 Total liabilities 2,232,572

Net assets Unrestricted Board designated long-term grant funds 29,309,338 Other grant funds 20,749,628 Operating funds 1,884,220 A complete audited fi nancial statement with accompanying notes and report of Total unrestricted net assets 51,943,186 WithumSmith+Brown, Certifi ed Public Temporarily restricted 853,218 Accountants, is available for inspection at the Princeton Area Community Foundation Total net assets 52,796,404 offi ce or online at www.pacf.org.

Total liabilities and net assets $ 55,028,976 15 Princess Road Lawrenceville, NJ 08648