105585_Cov.qxd:Layout 1 7/14/09 11:56 AM Page 1 McCormick Foundation McCormick Foundation 2008 Annual Report McCormick Foundation 205 North Michigan Avenue, Suite 4300 Chicago, Illinois 60601 McCormickFoundation.org McCormick Foundation 2008 Annual Report Igniting the Spirit of Service Committed to Serve Children, Communities and Country 105585_Cov.qxd:Layout 1 7/14/09 11:56 AM Page 2 Editor: Kristin Kiss Design: Meta4 Design, Inc., Chicago Photography: Mark Battrell Copywriting: Anne Reusché Printing: Lake County Press Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:41 AM Page 1 One caring and committed individual can ignite the spirit of service. Robert R. McCormick — the founder The McCormick Foundation is a and donor of the McCormick part of his legacy. We bear his name Foundation— was such a person. and our mission has been shaped His own flame burned brightly by his personal beliefs: during a lifetime of service to his • Our country’s health depends on country and his community. the health and well-being of its A passionate defender of freedom youngest citizens of speech and the First Amendment, • Civic dialogue and debate are McCormick took civic engagement both a right and a responsibility and citizen responsibility very • Freedom of speech and a free seriously. He served his country press are both essential to a during World War I as a soldier in vibrant democracy the U.S. Army’s First Division—and the city of Chicago as an active • Service to country is important, alderman and president of the and our nation’s soldiers deserve Sanitary District. He published the lasting gratitude and support Chicago Tribune, and made it a • Philanthropy strengthens a free, voice for truth and a forum for civic democratic society dialogue. He left behind a powerful legacy of service. Through our programs, grants and partnerships, we strive to keep the flame burning and light the spark of service in our country’s citizens. McCormick Foundation 1 Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:41 AM Page 2 McCormick Foundation Team The McCormick Foundation aims to inspire greater civic involvement in our communities and country and ignite a spirit of service in all of us. 2 Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:42 AM Page 3 3 Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:42 AM Page 4 McCormick Foundation Board of Directors and Management Team Board of Directors Management Team Dennis J. FitzSimons David L. Grange Chairman President and Chief Executive Officer James C. Dowdle Donald A. Cooke Senior Vice President, Philanthropy David D. Hiller David J. Granat John W. Madigan Chief Investment Officer Scott C. Smith Louis J. Marsico, Jr. Senior Vice President, Operations David M. Anderson Vice President, Civic Programs Pattie Overstreet-Miller Senior Director, Communications and Marketing Paul H. Herbert Executive Director, Cantigny First Division Foundation Matthew P.LaFond Executive Director, Cantigny Park Michael R. Nass Executive Director, Cantigny Golf 4 Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:42 AM Page 5 Message from the President For the McCormick Foundation, To provide stronger and more the past year has been a period of meaningful investments in our growth and transition. grantmaking areas, the Foundation The Foundation remained has refined the direction of its focused on strengthening our free, Journalism and Citizenship Programs. democratic society, investing The Citizenship Program will now focus resources from our diverse program on youth engagement, including civic and service areas into the civic health education, volunteerism, and the of our communities. We continue to promotion of civic dialogue among confirm that strong communities, young people. Journalism will work empowered by civic leadership, on creating a more informed citizenry responsibility and engagement, are through assuring quality journalistic the foundation for a free, secure and content, protecting First Amendment prosperous nation. rights, and educating people, During the year, we grew in a especially young people, to number of areas. At Cantigny Park in understand the value of news and Wheaton, IL, the former estate of to be better consumers of news. Robert R. McCormick, we developed In 2008 the Foundation made new services and recreational charitable grants totaling $60 million, opportunities, including the state-of- including $22 million raised from the-art Cantigny Golf Academy and public donations. two new restaurants — Le Jardin and In addition, in the first quarter of Bertie’s. We also sponsored new the year, after three years of programs for children and families operation, the Freedom Museum and a host of special events. Our transitioned out of its physical space military museum acquired a World on Michigan Avenue and began to War II landing craft from the D-Day take its message directly to the invasion — laying the groundwork for community. Our new operating an exhibit that opens this summer. model already has us engaged in In addition, we provided fresh outreach initiatives that include opportunities for giving, including classroom programs for students, vital new partnerships focused on enhanced teacher professional the causes of veterans: Welcome development, expanded public Back Veterans, in partnership with programs and traveling exhibits. Major League Baseball, and Throughout our 50 years of Operation Healing Freedom, a philanthropic history, the Foundation collaboration with private equity has built and empowered more firms and the financial industry. Our active and engaged citizens Communities Program recently and served our free, democratic gained new partners for community society with the help of strong fundraising — the Chicago White collaborations and partnerships. Sox and the Chicago Bulls. We are particularly grateful for the role of these partners. Sincerely, David L. Grange President and Chief Executive Officer 5 Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:42 AM Page 6 McCormick Foundation Mission, Vision, Values Our Mission McCormick Foundation advances the ideals of a free, democratic society by investing in our children, communities and country. Our Vision To be the philanthropic leader through distinctive programs and services that: – improve civic health – deliver impact by creating value and positive outcomes – continue the philanthropic legacy of Robert R. McCormick Our Values Service Humility Integrity Diversity Innovation 6 Body 1-27.qxd:Body 1-27.qxd 7/17/09 4:44 PM Page 7 McCormick Foundation Organization Our organization and programs are designed to accomplish our mission of advancing the ideals of a free, democratic society. Journalism Education Special Initiatives Communities Veterans Grantmaking Programs Citizenship Cantigny Golf Conference Civic McCormick Park/ Series Programs Foundation Recreation Cantigny Park and Gardens McCormick Freedom Initiatives Museums First Robert R. Division McCormick Museum Museum 7 Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:42 AM Page 8 McCormick Foundation 2008 Program Highlights The McCormick Foundation’s grantmaking programs focus in five key areas: early childhood education, journalism and First Amendment freedoms, citizenship, veterans, and local communities. In addition, the Foundation’s Special Initiatives Program supports cultural, civic and other community institutions, primarily in Chicagoland. In 2008, the McCormick Foundation made more than 1,400 grants, totaling $60 million. Cantigny Park, the former estate of Robert R. McCormick, offers educational and recreational opportunities for local citizens through its museums, golf, gardens, and wide variety of programs and events. 8 Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:42 AM Page 9 The Foundation’s programs, which are highlighted on the following pages, illustrate how we build on Robert R. McCormick’s legacy of service. Early Childhood First Division Education Museum at Cantigny Freedom Initiatives Special Initiatives Journalism Cantigny Golf Citizenship Employee Veterans Volunteerism Communities 9 Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:42 AM Page 10 10 Body 1-27.qxd:Body 1-27.qxd 7/14/09 4:42 AM Page 11 Education Since 1993, the McCormick Foundation has invested more than $70 million in early care and education initiatives throughout Illinois. The Foundation’s Education Program seeks to make Illinois a leader in providing early education for all children from birth to age five. Raising the Next Generation and society at large. He’s got of American Prosperity decades of data to prove it. You would expect lofty discourse Heckman’s research reveals from a University of Chicago that investing in early childhood economist and Nobel Prize winner, development programs — but instead James L. Heckman particularly for low income wants to talk about The Little Engine children — provides a 10 percent That Could. annual return to society through This was during a recent increased achievement. conversation with, of all people, a As an influential stakeholder in representative from the Federal early childhood development, the Reserve Bank. Professor Heckman McCormick Foundation is a strong was underscoring the importance of supporter of Heckman’s work. enrichment activities like reading to In 2008, the Foundation awarded children. Such early nurturing and a $495,000 grant to the University learning experiences, he notes, are of Chicago to help disseminate and what every child needs for future leverage Professor James Heckman’s success in school, career and life. research and recommendations. The economics of human potential. The goal is to influence public policy, This is Professor Heckman’s focus. resource allocation and best practices His groundbreaking work shows in early childhood education. that early childhood development Our economy is only as healthy heavily influences health, economic as our investment in the healthy and social outcomes for individuals development of children. The McCormick Foundation believes that young children are the key to our nation's future. As a strong leader and advocate, the Foundation works with partners like the University of Chicago and Professor James Heckman to transform the way civic leaders and the public understand, prioritize and invest in early care and education.