HELPING YOU HELP t h e COMMUNITY Oklahoma City Community A N N U A L R E P O R T Foundation MISSION STATEMENT The mission of the Oklahoma City Community Foundation, a non-profit public charity, is to serve the charitable needs of the Oklahoma City area through the development and administration of endowment funds with the goal of preserving capital and enhancing its value for the benefit of the Oklahoma City area. The mission will be fulfilled by pursuit ofthese goals: • Provide convenient, efficient and effective ways through which donors can contribute assets to charitable purposes. • Encourage donors to create funds that will benefit the community both now and in the future. • Advocate for the development of endowment funds and provide appropriate means by which permanent endowment funds can be built and wisely managed to provide long-term support. • Develop the Funds for Oklahoma City, restricted and unrestricted community endowments, which can be used by the Trustees and the community to develop, coordinate and enhance services and programs that meet the changing needs of the community. TABLE of CONTENTS 1: ALetter from the President 75-83: Community Programs 2-4 Year in Review 76-77 · Fund for Oklahoma City 5 What is a Community Foundation Fund? 78-79: MargaretAnnis Boys Trust 6-42 · Donor Profiles 80-81 · After School Options 43-49 · Affiliated Funds 82 · Community Gardening 48 Kirkpatrick Family Affiliated Fund 83 · Agency Capacity Building Program 49 Oklahoma City Disaster ReliefAffiliated Fund 84 Investment Oversight Adds Value to Endowment 50-66 Designated Endowment Funds 85-89 Independent Auditors' Report 67-71 Scholarship and Award Funds 90-93 Index of Donor Profiles and Funds 72-73 Field of Interest Funds 94 : Affiliated Fund Trustees 74: Donor-Advised Giving 95 Advisory Committee Members 96 Staff 97: Board of Trustees and Officers PRESIDENT'S L ETTER November 1997 Dear Friends, Oklahoma City The Oklahoma City Community Foundation experienced a year of growth and transition in 1997. As assets continue to grow almost exponentially, we are seeking ways to more Community efficiently manage the community's endowment, to make distributions that truly meet community needs in the most effective way and to foster collaboration among groups Foundation whose natural interests relate to issues that are important to the city. To this end, we began a long-range planning process at the end of fiscal year 1997 to look at ways that we can be better prepared to respond to change. We have added staff to increase our management efficiency and enhance our services. We have further developed existing community programs which we feel will help us respond to the changing needs of Oklahoma City and have created new focused initiatives in response to specific needs, such as the Community Garden­ ing and Agency Capacity Building programs, which you will read more about in the pages of this report. One important outcome of the long-range plan is the expansion of our scholarship activities. We believe that the Com­ munity Foundation is in a unique position to help equip the future leaders of our community. We have been managing scholarships and other endowment funds for 28 years and in recent years have gained experience and insight into scholarship administration through the management of tl1e Survivors' Education Fund, which was created to support the educational needs of children affected by the bombing of the Alfred P. Murrah Federal Building. At this time in the life of the Community Foundation we have enjoyed explosive growth Ten years ago, assets totaled $31 million. By the end of fiscal year 1991, assets had more than doubled. They doubled again at the end of 1995. We ended fiscal I 997 with the largest amount of new contributions in our historybringing the total market value of assets to $249 million. This growth can be attributed to healthy stock market returns of recent years, to the Community Foundation's long-terminvestment focus and most important to our donors who increasingly understand and appre­ ciate the impact endowment funds can make in our community for generations to come. The theme of this year's annual reportis "The Community Foundation: Helping You Help the Community.'' You are important to us, whether you are a donor an attomey or CPA, a staff or board member of a non-profit organization, or simply a member of this community. The Community Foundation belongs to those it serves - both donors who want to help and to those who need help. You are a partner witl1 us in helping our community. You will continue to help us find solutions to community issues. Each year we have the pleasure of providing you with an annual report to summarizethe activities and prioritiesof the Community foundation during the past fiscal year. But more than just a financial report we see this book as a tribute to the donors whose support and interest are vital to our success. We invite you to read their stories and to see how their contributions, whether large or small, have made a difference in the community. They could be your neighbor a co­ worker or someone you've always admired. They could be you. Sincerely, President, Board of Trustees H e I p n g H e I p t h e C o m m u n t y 1997 Year in Review Oklahoma City Community Foundation Change. lt's a basic principal of nature. Affiliated Funds, as well as Donor-Advised come with the changes we have experienced None of us can escape it. and our reaction to Funds and distributions made through in recent years, the Trustees of the Comrnu­ it can shape our character and determine community programs, reached $5.4 million : nity Foundation, under the leadership of our future. Preparing for change ahead of in fiscal 1997. This places the Community : then-President J. Edward Barth, set out to time can be a key to survival and growth. : Foundation squarely in the forefront as a : create a vision of the Community Founda­ The Oklahoma City Community : major funding source for non-profit : tion in the next five years and bu ild strate­ Foundation this year began a long-range : organizations and cha ritable activities in the : gies to bridge us to that point. planning process to strategically deal with : Oklahoma City area. An outside consultant was engaged to the changes that we have experienced over The Oklahoma City Community : facilitate this process. The consultant the past several years and to strengthen our : Foundation now ranks as the 16th largest : conducted interviews with a wide range of capacity to accommodate changes within : community foundation of more than 500 · community leaders, donors, financial our organization and to develop programs · throughout the United States. The growth of advisers and non-profit organization staff. In = = and initiatives to meet the changing needs : community foundations nationwide has · addition, the consultant, who is an expert in of the Oklahoma City area. : been explosive, as wel I 29 now have · the community foundation field, included = During this decade, the Community assets greater than $150 million, and the important comparisons of Oklahoma City Foundation has experienced rapid growth · field doubled in assets over the past five with other communities and of the Comrnu- and an expanded role in the community. years. nity Foundation with similar organizations Today more than ever, we truly are able Buildingon our successes, while in other cities. The process helped the to see the power of this unique charitable recognizing the added responsibilities which Trustees to analyzeour strengths and vehicle to provide for the future of our community. Thanks to a robust stock market in recen t years, the sound invest­ ment principles of our investment commit­ tee and continued support from our donors, the Community Foundation is growing at an unprecedented rate. More than two thirds of the historic contributions to the Commu­ nity Foundation have been received since 1990. In fiscal 1997, the Community Foundation increased assets from contribu­ tions by S71.5 mi llion, which represents the largest increase in its history. Permanent endowments and long-term funds totaled $249 million as of June 30, 1997. The total distributions of the Commu­ nity Foundation for fiscal year 1997, which include distributions from Designated and Community Foundation Trustees during a long-range planning meeting OKLAHOMA City Community FOUND AT I ON Historic Growth of Total Assets, 1969 - 1997 1969 opportunities for growth. The planning process involved creating $200 a vision for the Community Foundation for Value added by investmentperformance the next five years, analyzing assisting and I Total historic contributions $150 resisting factors to that vision and develop­ ing key strategies which willallow the vision of the Trustees to be realized. $100 The vision of the Trustees for the Community Foundation in 2002 is of a foundation with significant community assets given by a broad base of donors drawn by the effective use of funds in its care. m The Trustees'strategy fo r realizing the vision includes continued asset development Jan 73 Jan 78 Jan 83 Jun 87 Jun 92 Jun 97 on behalf of the community, broadening and diversifying the donor base to be more flow of financial support the community's Foundation also works with larger endow­ .reflective of the community and effective non-profit organizations experience from ment funds called Affiliated Funds. These = programming and good stewardship of . year to year funds can operate much like a Designated funds, building upon a long track record of The Community Foundation's endow­ : Fund by providing income to a particular accomplishment. : ment orientation has provided a substantial non-profit organization, or they can With the significant increase in assets : source of stability for non-profits over the : function similarly to a private foundation comes a greater responsibility for the : years and has proven to be a simple and : with a grant-making function to support a management, investment and distribution of : flexible veh icle for carrying out the myriad wide range of charitable activities.