O K LAHOMA CITY COMMUNI TY FOUNDATI ON 2006 ANNUAL REPORT The Power of Endowment SIMPLE. FLEXIBLE. FOREVER. JOHN E. KIRKPATRICK 1908-2006 John Kirkpatrick was most of all a man of very generous spirit. He cared about the welfare of people and organizations and contributed in ways that he thought would encou rage opportunity and the chance to succeed. He already had a private foundation in the mid 1960s when he asked his attorney friend, Don ellisonison, to research the idea of a commu nity foundation. Mr. Kirkpatrick thought that it could provide an opportunity for other donors to m ake gifts as well as serve as a more flexible vehicle for h is own giving. In 1969 he and Ellison incorporated the Oklahoma City Community Foundation. While they enlisted other community leaders like Dean McGee, Harvey Everest and Babe Eddie to serve on the board, the new community foundation was clearly "john Kirkpatrick's project." "l think he was the only one who really understood what he was trying to do," said a bank trust officer. But john Kirkpatrick gave the new community foundation more than just a vision. He contributed generously in those first few years, he encouraged his friends and colleagues to establish funds, and he offered to match gifts for endowment funds for charities. He nurtured the organization's administrative needs, led its board for the first IO years, and provided the long term oversight that allowed the concept of the "community's endowment" to be established and to thrive. When this organization moved from Mr. Kirkpatrick's offices in 1987 to its own building. it had the financial stability and the administrative structure to become a viable and important contributor to the growth and quality of life of Oklahoma City. After Mr. Kirkpatrick turned over the governance and the administration of the Community Foundation to others. he began to utilize it for his own philanthropy. The establishment of the endowment funds for the Kirkpatrick Center and the creation of the Kirkpatrick family Fund, two of his lifetime philanthropic efforts, represented a significant charitable commitment to Oklahoma City that he expected to continue long beyond his own life. And he knew that the Community Foundation would ensure that his charitable goals for those funds as well as those of hundreds of other donors would be fulfilled. Mr. Kirkpatrick was always thinking and planning for the future and investing his gifts in a way that would provide a benefit for many years to come. He had very strong personal values of hard work. thrift and patriotism that were legendary. He appreciated the opportunities that he had been given and the people with whom he worked. He was loved by those who knew him and respect by his peers in business and in philanthropy. His grandson. Chris Keesee, referred lo Mr. Kirkpatrick as "the Grandfather" because. in so many ways, he was the "grandfather" to the community. John Kirkpatrick has left a substantial financial legacy for charity but an even greater personal legacy of generosity and caring. Our task at the Oklahoma City Community Foundation is to be good stewards o f both. We will miss him greatly. The power of endowment is visible in our community each and every day. You can see it in the faces of the donors who create and support endowments and in the smiles of those whose lives are impacted. At the Oklahoma City Community Foundation, we maintain the power of endowment by making charitable giving simple, flexible and forever. And we all benefit. DEAR FRIENDS OF THE OKLAHOMA CITY COMMUNITY FOUNDATION: It is our pleasure to present the 2006 Annual Report of the Oklahoma City Community Foundation. This is our opportunity to update you on t he activities of the organization over the past year and to honor the donors whose contributions have built the community's endowment. One of the most visible activities occuring this past year is the construction of a new community building. In the 2004 Long Range Plan, the Trustees included the prospect of a new facility to better serve donors and the community as well as accomodate a growing staff. During the past fiscal year, property was acquired, an architect selected and construction started on a new facility. For more information on this exciting project, please see page 8. James H. Ho lloman Jr. During the past fiscal year, we continued our role as stewards of the President, Boord of Trustees community's endowment. We witnessed the number of our funds increase to just over 1,000 with more than $482 million in assets. In addition, we distributed $14.4 million in grants and distributions toward charitable projects and programs to help the community. A part of our mission is to develop responses to issues that arise within the community. After research and consideration of opportunities, the Trustees launched two initiatives that address two key areas: healthy lifestyles and adult literacy. For more information on these initiatives and our other Community Programs, please see pages 74-83. In 1969, John E. Kirkpatrick and eight fellow civic leaders, armed with a desire to provide a way for individuals to help their community through charitable giving, created the Oklahoma City Community Foundation. These leaders set into motion an organization that thousands of donors have come to trust as a valuable resource in central Oklahoma. Our Nancy B. Anthony current Trustees and staff continue to pursue that mission of helping Executive Oirector donors help the community. As you review the 2006 Annual Report, we hope you take time to read the donor stories. These are just a few of the people, past and present, who make what we do possible. James H. Ho lloman Jr. Nancy B. Anthony President, Board ofTrustees Executive Director 2 I NTRODUCT I ON I O K LAH O M A C I TY COMMUN I TY FOUNDATI ON 2006 A NNUAL REPORT TABLE OF CONTENTS Introduction 4 Fund Options Make Giving Simple and Flexible 5 How and When to Make AGift 6 Joe and Karen Leonard Make a Lasting Gift 7 www.OCCF.org: A 24/ 7 Resource 8 Construction Begins on New Community Building Donors 9-13 Major Donors 14-38 Benefactors Endowments and Community Programs Funds 39-42 Special Donor Funds 43-45 Family Affiliated Funds 46 Distribution Committee Affiliated Funds 47-55 Charitable Organization Endowment Program 56-57 Charitable Organization Affiliated Funds 58-59 Field ofinterest Funds 60-64 Scholarship & Award Funds 65-69 Advised Fund Grants 70-73 Kirkpatrick Family Fund 74 Community Programs 75 LIFE Initiative 76 Fund for Oklahoma City 77-79 Capacity Building 80-81 Parks & Public Spaces Initiative and Margaret Annis Boys Trust 82-83 New Opportunities Scholarship Initiative Governance & Administration 84 Governance & Administration 85-86 Trustees & Staff Financial Report 87 Investment Report 89-93 Independent Auditors' Report Index 94-102 Index of Donors, Funds and Charitable Organization Endowments O K LAH O M A C I TY COM MUN I TY FOUN D ATI ON 2006 ANNUA L RE PORT I INTRODUCTI ON 3 MAKING A DIFFERENCE as a certified publicaccountant Kent Mauk knows full wellthe tax benefit, available to donor, whomake charitable giftsto the oklahoma city community foundation 1 through his own advised I fund Kent also knows th ,t charitable giving can have an impact on issuesimportant1111 to you Kent a bicycle enthusiast recommended , gift through l11s fund that helped to fund the addition of bicycleracks to aII metro I transit busesand trolleys in central oklahoma "there was ,1 real public· need for these bicycle racks and I was gladd I was able lo help' he says Kent established his advised Fu nd in 2004 with h ,1pp1 appreciatedsecurities OUR FUND OPTIONS MAKE GIVING SIMPLE AND FLEXIBLE Advised funds Scholarship and Award Funds Advised Funds are a great opportunity for you and your family to With oversight for nearly 100 scholarship and award funds, we establish a charitable legacy. An Advised Fund can be established in administer the state's largest independent scholarship program. one tax-year and the donor receives an income tax deduction in that Established by individuals, corporations, charitable organizations year and yet can make a grant recommendation in the following year. and civic groups, the funds provide support for individuals who The fund can be the residual beneficiary of a trust, insurance policy, are seeking to improve themselves through higher education or charitable gift annuity or retirement account. Because the donor can additional post-high school training. Please see pages 60-64 for a recommend grants from the fund, the charitable benefit can continue listing of the Scholarship and Award Funds. into the future. The ability to recommend charitable grants can be continued by family members creating a charitable legacy. For mo re Unrestricted funds information on our Advised Fund Program, please see page 65. Unrestricted Funds are used by the Trustees to meet the changing needs of the community through the Fund for Oklahoma City. Donors Family Affiliated Funds may choose to establish an unrestricted fund, in their name or Family Affiliated Funds are endowments that are a perfect alternative the name of someone they wish to honor, to provide the greatest to private foundations. A Family Affiliated Fund is a 509{a)(3) level of support for community needs and opportunities. For more supporting organization of the Oklahoma City Community Foundation information on the Fund for Oklahoma City, please see page 76. and offers the type of donor involvement available through a private foundation with more flexibility and efficiency. Please see page 43-45 for information on Family Affiliated Funds and Distribution Committee Funds.