2007 THE SEAttLE FOUNDATION ANNUAL REPOrt The Seattle Foundation 1200 Fifth Avenue, Suite 1300 Seattle, WA 98101 www.seattlefoundation.org Our mission. The Seattle Foundation creates a healthy community through engaged philanthropy, community knowledge and leadership . We are taking action, building momentum and providing Foundation donors and others with the information they need to create change . Together, we are working to make our region a better place to live . ur lives are built from collections of community, both intimate and Oexpansive — small hamlets of family and friends; neighbors and coffee shop regulars, the kinships formed through common experience, the solidarity of hope for our world. From our homes to our global ties, these are the fastenings that give meaning and richness to our lives. Where they overlap, we connect. TABLE OF CONTENts Collections of community . 1. The Seattle Foundation Grantmaking Program . 28. Letter from the President/CEO and Chair . 13. Individual grantmaking . 32. How The Seattle Foundation helps donors . 14. Financials . 42. Our work in education & economy . 16. Trustees and staff . 44. Featured giving opportunities . 18. Committees . 45. Our donors . 20. family At the heart of everything, we learn to give e have a stake in those who share our breakfast table and know TRICE W A our stories. The safe shelter of family inspires a call to something larger than ND BE ourselves: the happiness, health and fulfillment of those we know and A RY RY A CH those we don’t; a strong and secure place to call home. A AT HOME WITH Z AT 3 W neighborhoods belong. us to somewhere we give call they our own, diverse many County’s of King which No matter parks twine our lives together. schools, neighborhood Strong leafy shops and of our block corner. familiar and hen we openhen our front doors, we are greeted by the sights and sounds and sights the by doors, greeted our front we are neighborhoods We join our homes with trust and friendship and jointrust our homes with We 5 SUNDAY BRUNCH ON SEATTLE’S CaPITOL HILL communities We connect with what we have in common D ance an old dance . Get on your soapbox. Learn a new language. Throughout our lives, our interests and backgrounds lead us to build RKET A M communities around our experiences. We forge bonds over politics and S RMER A break barriers with art, all the while enhancing our lives and adding WEEKEND F color to the world around us. A TLE OF S HE BU T 7 region We all share a love of the same place A day does not go by untouched by the lush, dramatic landscape of our region. Whether gray rain or endless summer days, a palpable energy thrives, RK Pa IN giving way to innovation and inspiration at every turn. These indispensable A OUNT M R qualities make King County an exceptional place to live — and it is up to us A OUG to make sure it continues to thrive well into tomorrow. Years from now, future C generations will reap the benefits of our care — in green space and in industry. Y VIEW FROM A INY D A A R 9 B human rights. We are finding solutions by going the distance. going by finding solutions are rights.We human and environment the inscience, technology, way leadingdedication, the this proving we are people of well-being far the away places. and to Together —committed global citizens of we neighborhoodsare nations, and citizens eyond horizon, the and beyond lies a world full of possibilities. Today we are not only only not we are lies aworld full of possibilities. Today The world grows smaller as our dreams expand smaller as our dreams The worldgrows 11 A BIRD’S-EYE VIEW OF THE PANAMA CANAL How to give SUPPORT, TOOLS AND STRATEGIES FOR DONORS 2007 LETTER FROM THE PRESIDENT/CEO AND CHAIR The Seattle Foundation creates a healthy Our Mission Investing Program will allow the community through engaged philanthropy, Foundation to increase the overall impact of community knowledge and leadership. At our work. When the program is fully imple- the very core of healthy communities are mented, donors will be able to participate in people. When people are healthy, strong and all phases of the program through their donor self-sufficient, they support their families and advised funds and supporting organizations. their neighbors. They give back to the world around them and make our community a In 2007, The Seattle Foundation awarded more better place to live. than $57 million in total grants. Our assets now total nearly $677 million in assets under At the heart of our mission is the belief that management and our Consolidated Fund everyone deserves the opportunity to thrive. returned an impressive 11.2 percent. We are To improve the lives of people in King County greatly encouraged by this growth and we are and beyond, The Seattle Foundation supports inspired by the generosity of our donors — innovative programs and strategies in all seven our partners in philanthropy. Individually, elements of a Healthy Community. In 2007, we collectively and together with their families, focused even greater resources on two specific they are creating positive change in our world. areas where we believe private philanthropy can have the greatest impact: education and economic opportunity. These two elements directly affect an individual’s ability to suc- ceed and achieve; by targeting them, we can improve the overall well-being of our entire PHYllis J . CAMPBell region. (To learn more about our work in these PRESIDENT/CEO areas, turn to page 16.) In tandem with these targeted gifts, the Foundation welcomed a landmark shift in our approach to making a difference. Traditionally, the Foundation has invested its philanthropic dollars exclusively through grants. This past Bill Lewis year, we extended our grantmaking with the CHAIR hroughout our many diverse communities, both intimate and grand, launch of our new Mission Investing Program, which will strategically invest a portion of the The Seattle Foundation inspires generous, informed giving to make our Foundation’s assets to simultaneously earn an economic return and further our mission. world a vital and healthy place to live. We are the oldest and largest local We have added to our investment portfolio a T bond allocation that will receive market rate returns through projects that improve local community foundation working with donors and leaders across the quality of life: the production of low-income housing units, capitalization of loans to region to improve quality of life in King County and beyond. “underbanked” businesses and environmental repair and restoration. 12 13 We make giving convenient and rewarding The Seattle Foundation provides you with tools, personalized resources and community expertise to help you give according to your passions and priorities. As a trusted partner, The Seattle Foundation works side by side with donors to support their philanthropy across a complete range of local, national and international issues. he Seattle Foundation’s donor with donors on planned giving Meanwhile, the Foundation’s Our donors entrust The Seattle services representatives are tools that can help you and your secure online system makes it Foundation to manage funds Donors can choose to available to give our donors family meet longer-term financial quick and easy for donors to for the benefit of the community access their funds, recommend we serve. As part of our make individual grants the support and answers they and giving objectives. need. These knowledgeable grants and even add to your fund stewardship of 1,200 donor funds Foundation donors can also or participate in collectiveT representatives not only 24 hours a day. Online, donors and more than $675 million in perform due diligence on all participate in collective efforts, can also browse grantmaking total assets, our board of diverse efforts, partnering with your contributions, but they can partnering with the Foundation opportunities and initiatives, community leaders is commit- advise you on giving strategies and other donors to support along with data and strategies ted to responsible governance the Foundation and based on the Foundation’s the Foundation’s Grantmaking for individuals to help build a and fulfillment of our mission. experience and community Program, a Healthy Community healthy community. Our annual financial audits are other donors to support knowledge and can research fund or a pre-screened proposal available online, along with our The Seattle Foundation not nonprofit organizations that to our Grantmaking Program investment objectives and only supports today’s donors; a Healthy Community spark your interest. In addition from a nonprofit working in quarterly performance reports. we are thinking about the future to consulting with you, our your area of interest. As a donor, In 2007, the assets managed in and building the next generation fund or a proposal to our professional staff manages the you can also serve on a grants our Consolidated Fund returned of philanthropists. We provide administrative tasks associated committee, participate in the 11.2 percent. Grantmaking Program. our donors with a variety of with your contributions, freeing Foundation’s Mission Investing opportunities to involve their you to dedicate your time and Program (see page 13) or attend families in their giving, and we energy elsewhere. donor education events, which The Seattle Foundation not only supports today’s are hosted regularly by the offer youth the chance to learn Because circumstances Foundation to address a variety about local issues and make donors; we are thinking about the future and building grants. (See page 31 to learn change over the years, our of philanthropic issues. the next generation of philanthropists. Gift Planning representatives more about the 2007 Youth are always available to consult Grantmaking Board .) 14 15 Our work in education and economy urs is a region that we focused a portion of our Together with our donors, collaboratively, in addition finance and first-year and financing for these is proud of its role as a leader 2007 resources on education The Seattle Foundation is to cultivating solid basic algebra.