Foundation Annual Reports
December 13, 2001 | Read Time: 7 minutes
CHICAGO COMMUNITY TRUST
222 North LaSalle Street, Suite 1400
Chicago, Ill. 60601-1009
(312) 372-3356
http://www.cct.org
Period covered: Year ending September 30, 2000.
| Finances | ||
| (in millions) | 1999 | 2000 |
| Assets | $1,059.8 | $1,290.8 |
| Contributions | $30.1 | $39.3 |
| Income from term trusts | $8.3 | $132.5 |
| Net gain on investments | $61.0 | $70.4 |
| Administrative expenses | $6.9 | $5.9 |
| Grants paid, net of refunds | $32.9 | $35.2 |
Purpose and areas of support: This community foundation was established in 1915 by Albert W. Harris, with the Harris Trust and Savings Bank as its sole trustee. Today the Chicago Community Trust has two legal forms, its traditional trust form and its newer corporate form, the Chicago Community Foundation, as well as several supporting organizations. The trust makes grants to nonprofit groups that benefit residents of the metropolitan Chicago area.
During its fiscal year 2000, the trust awarded grants totaling $36,438,485 in five program areas: social services, which received 26.7 percent of grant dollars; civic affairs, which received 24.7 percent; health, 22.7 percent; arts and humanities, 15.6 percent; and education, 10.3 percent.
Of those grants, the trust appropriated 42.9 percent through discretionary funds, 42.3 percent through “special consultative funds,” 10.9 percent through donor-advised funds, and 3.9 percent through designated funds.
Following a strategic-planning process, the trust restructured its discretionary grant-making program. It committed $50-million over five years to improving education, with a focus on teaching and learning in public schools. It will place special emphasis on improved literacy rates, professional development for teachers and administrators, and alternative educational models.
In addition to education, the trust will continue to make grants in four other program areas: the arts and humanities, focusing on arts education, dance, and leadership transitions at arts groups; basic human needs, focusing on food, shelter, and related needs; community development, focusing on job training, criminal and juvenile justice, and strengthening nonprofit groups; and health, focusing on violence prevention, health and the environment, and promoting healthful lifestyles.
Application procedure: Contact the trust or visit its Web site for a copy of its most-recent grant guidelines.
Key officials: Donald M. Stewart, president and chief executive officer; Anne Blanton, executive vice president of administration; Carol Y. Crenshaw, vice president of finance; Merri Ex, vice president of external relations; Sarah Solotaroff, vice president of programs; Terry Mazany, senior program officer and director of the Education Initiative; Margo Corona DeLey, Ada Mary Gugenheim, Michael S. Marcus, and Peggy Mueller, senior program officers; Sandy Chears, grants manager; Jennifer B. Jobrack, director of communications; James J. Glasser, chairman of the Executive Committee.
EWING MARION KAUFFMAN FOUNDATION
4801 Rockhill Road
Kansas City, Mo. 64110-2046
(816) 932-1000
http://www.emkf.org
Period covered: Year ending June 30, 2001.
| Finances | ||
| (in millions) | 2000 | 2001 |
| Assets | $2,443.5 | $2,034.7 |
| Interest & dividends | $27.9 | $34.8 |
| Total revenue, including investment-income gain or loss | $785.1 | $-289.5 |
| General & administrative expenses | $10.8 | $12.1 |
| Grants & payments | $52.2 | $63.7 |
| Program operations and support | $21.9 | $25.3 |
Purpose and areas of support: The foundation was endowed in 1966 by Ewing Marion Kauffman (1916-1993). Mr. Kauffman founded the pharmaceutical company Marion Laboratories, which was sold to Merrell Dow in 1989, and owned the Kansas City Royals baseball team. The foundation makes grants in two program areas: entrepreneurship and youth development. Through the Kauffman Center for Entrepreneurial Leadership, the foundation finances programs and activities both nationwide and in the Kansas City metropolitan area. Although the majority of youth-development grants go to groups within the Kansas City area, some funds are available for selected regional and national programs.
Over the past fiscal year, associates in both program areas worked to create strategic five-year plans. The foundation selected the following five outcomes to guide its overall grant making: ensuring that children enter school equipped to succeed; ensuring that children and youths make successful transitions from adolescence to “responsible adulthood”; ensuring that youths and adults have the “knowledge, skills, and values to make entrepreneurship a choice for the future”; ensuring that entrepreneurs have the ability to “accelerate job and wealth creation in America”; and ensuring that leaders of nonprofit organizations have the entrepreneurial skills needed to advance their groups’ missions.
With regard to the first outcome, the foundation approved grants for five-year projects at selected sites in Kansas and Missouri that will emphasize teacher education, high-quality early-education settings, and teacher compensation. With regard to the second outcome, the foundation approved a five-year, $9.6-million grant to the Kansas City, Kan., School District. The award — the second-largest ever given by the fund — supports First Things First, an education-restructuring approach developed by the Institute for Research and Reform in Education.
The Kauffman Center’s efforts to teach youths and others the basic principles of entrepreneurship included a $110,800 grant to Junior Achievement-Middle America, in Kansas City, Mo., to expand the Making a Job/Success Skills program for eighth and ninth graders nationwide.
Grants to help budding minority and other entrepreneurs included $200,000 to Boston University for a research project examining the reasons why significant numbers of woman-led businesses have not either sought or gained access to equity investment.
Application procedure: To receive a copy of the foundation’s “Guidelines for Grantseekers” brochure, send a request via e-mail to info@emkf.org or by mail in care of the Communications Department at the address above. Additional information is also available at the foundation’s Web site.
Key officials: Louis W. Smith, president and chief executive officer; David C. Lady, senior vice president and chief financial officer; Kurt H. Mueller, senior vice president and president, Kauffman Center for Entrepreneurial Leadership; Stephen L. Roling, senior vice president and president, youth development; Eugene R. Wilson, senior vice president, strategic programs and planning; James E. McGraw, chairman of the board of directors; Robert B. Rogers, chairman emeritus.
CORPORATIONSFREDDIE MAC FOUNDATION
8250 Jones Branch Drive
McLean, Va. 22102
(703) 918-8888
http://www.freddiemacfoundation.org
Period covered: Year ending December 31, 2000.
| Finances | ||
| (in millions) | 1999 | 2000 |
| Assets | $48.5 | $31.8 |
| Contributions from Freddie Mac | $26.7 | $2.6 |
| Total revenue and support | $32.0 | $2.5 |
| Management & general expenses | $1.6 | $2.0 |
| Grants & direct program expenses | $12.7 | $15.6 |
Purposes and areas of support: Established in 1991 by the Federal Home Loan Mortgage Corporation (Freddie Mac), the foundation makes grants in four main program areas: strengthening families, education, foster care and adoption, and advocacy and public awareness of issues affecting at-risk children and families.
In 2000, the foundation appropriated 240 grants totaling $12,570,722. Approximately 70 percent of grant dollars went to organizations located in the metropolitan Washington area, where Freddie Mac and the foundation have headquarters, including adjacent and nearby areas of Maryland and Virginia. The remaining 30 percent of grant dollars went to organizations that operate nationwide or in Freddie Mac’s designated “regional cities”: Atlanta, Chicago, Dallas, Los Angeles, and New York. Grant making in those five cities is by invitation only.
Grants to strengthen families emphasized reducing child abuse and neglect; mitigating the effects of other negative or harmful factors — including sexual assault and substance abuse; and providing support services to teenage and other at-risk parents and families. For example, $50,000 went to the Metropolitan Center for Assault Prevention, in Wheaton, Md., to teach children to recognize unsafe and uncomfortable situations and to provide them with self-protective strategies and skills.
Education-related grants included $35,000 to the Carnegie Institution of Washington to support the D.C. Public Schools’ efforts to restructure and improve mathematics and science education. Awards in other program areas included $70,000 to the Wednesday’s Child Benefit Corporation, in Dallas, for its media-based program to recruit suitable foster families for children in the child-welfare system who are awaiting adoptive homes.
In 2000, the foundation evaluated its first decade of grant making and developed guidelines for its grant making over the next five years. Future grants will revolve around two main program areas: family strengthening and youth development. The foundation will also develop and continue complementary “signature programs,” which currently include Wednesday’s Child and Healthy Families America.
Application procedure: Grant guidelines and additional program information are available at the foundation’s Web site.
Key officials: Maxine B. Baker, president and chief executive officer of the foundation and vice president for community relations, Freddie Mac; Shane Salter, director of foundation giving; Mike Schwartz, director of corporate giving and employee involvement; Cheryl Clarke, director of communications and community relations; Catherine Dee, director of reporting and operations; Leland C. Brendsel, chairman of the Board of Directors of the foundation and chairman and chief executive officer, Freddie Mac.
