Foundation Annual Reports

DUKE ENDOWMENT
100 North Tryon Street
Suite 3500
Charlotte, N.C. 28202-4012
(704) 376-0291
http://www.dukeendowment.org

Period covered: Year ending December 31, 2001.

Purpose and areas of support: The endowment was created in 1924 by James Buchanan Duke, a North Carolina industrialist who, in tandem with his brother Benjamin Newton Duke, built a fortune based on tobacco, textiles, and electric power.

In 2001, the endowment appropriated $116.9-million in grants, $17.7-million more than the previous year. The endowment’s four grant-making divisions continue to reflect the specific institutions and individuals articulated in its indenture: Education grants go to Duke University, Davidson College, Furman University, and Johnson C. Smith University; health-care grants are earmarked for nonprofit hospitals and health-care organizations in North Carolina and South Carolina; child-care grants go to nonprofit child-care institutions and selected other groups that support children’s welfare in those states; and rural-church grants are earmarked for United Methodist churches and related organizations in North Carolina, and for specified retired ministers with the United Methodist Church in North Carolina and their surviving dependents. In addition, the endowment’s trustees may award grants to other organizations conducting charitable work similar to that of the beneficiaries named in its indenture.

Education grants totaled $42-million, or 36 percent of grant appropriations. Of that total, $29.6-million went to Duke University, $5.2-million went to Johnson C. Smith University, and $3.6-million each went to Davidson College and Furman University.

Grants for health-care beneficiaries totaled $44.5-million, or 38 percent of appropriations, and were awarded under four programs: chronic and long-term illness, prevention and access, strengthening and improving hospitals, and indigent care.

Grants awarded under the child-care division totaled $11.2-million, or 10 percent of appropriations, and focused on general operating support, collaborative programs, organizational effectiveness, strengthening families and early intervention practices, and training and education.

The rural-church division allocated $6.9-million for the operation of Methodist churches, $3.3-million for church construction and renovation, and $1.7-million for retired ministers and the survivors of deceased ministers.

The endowment undertook an evaluation of its cross-cutting Children and Families Program, through which all four grant-making divisions collaborated to help needy youngsters and families in North and South Carolina. The formal evaluation report is scheduled for publication in January 2003.

In September 2001, the endowment announced its new Program for the Rural Carolinas, which promotes partnerships among local groups.

Application procedure: Applicants may send a letter describing the proposed project to the attention of the president. The endowment will refer eligible inquiries to the appropriate program officer, who may request a full proposal, including a project description, budget, list of other funding sources, list of board members, and other pertinent information.

Key officials: Elizabeth H. Locke, president and director of the education division; Eugene W. Cochrane Jr., vice president and director of the health-care division; Rhett N. Mabry, director of the child-care division; W. Joseph Mann, director of the rural-churches division; David H. Roberson, director of communications; Janice C. Walker, chief financial officer and treasurer; Stephanie S. Lynch, chief investment officer; Russell M. Robinson II, chairman of the Board of Trustees.

JM FOUNDATION

60 East 42nd Street, Suite 1651
New York 10165
(212) 687-7735

Period covered: Year ending December 31, 2001.

Purpose and areas of support: The foundation was established in 1924 by Jeremiah Milbank, a businessman and financier who helped create the nation’s first comprehensive rehabilitation center for disabled people.

The JM Foundation makes grants to help people with disabilities lead fulfilling, independent lives; to promote preventive and patient-centered health care; to encourage market-oriented public policy; to enhance free enterprise, entrepreneurship, and volunteerism, and to strengthen American families and reinforce the role of parents.

In 2001, the foundation made 48 grants totaling $993,000, and paid out an additional $79,270 through a matching-gifts program.

Health and rehabilitation grants included $50,000 to the Abilities Fund, in Centerville, Iowa, for efforts to integrate disabled people into microenterprise programs.

Education and public-policy grants included $35,000 to the Heritage Foundation, in Washington, to support analyses of state and federal policies.

The report also covers activities of the Milbank Foundation for Rehabilitation, a separate entity established in 1995.

Application procedure: Charitable organizations with programs that fall within the foundation’s established priorities may submit proposals that contain an abstract of one page or less; a description of the proposed project that outlines its purpose, plan, board and staff involvement, financing, plans for evaluation, and anticipated results; professional information about authors, researchers, or project officers; project and organizational budgets and the applicant’s most recent annual report or promotional materials; the most recent audited financial statements; names of board members; evidence of tax-exempt status; and a list of the organization’s current donors, current funders of the proposed project, if any, and other grant makers with whom proposals for the project are pending. Proposals should be mailed to the associate executive director.

Key officials: Chris Olander, executive director and assistant treasurer; Carl Helstrom, associate executive director and assistant secretary; Jeremiah Milbank III, president of the Board of Directors; Jeremiah Milbank Jr., president emeritus.

CORPORATIONS

NEW YORK TIMES COMPANY FOUNDATION

229 West 43rd Street
New York 10036-3959
(212) 556-1091
http://www.nytco.com/company/foundation

Period covered: Year ending December 31, 2001.

Purpose and areas of support: The foundation awards grants to nonprofit organizations working in community services, cultural affairs, education, the environment, and journalism. Geographically, grant making focuses on projects in the New York area and in communities served by business units of the New York Times Company.

In 2001, the foundation awarded $5.9-million in grants, up from $4.6-million the previous year. From September 12, 2001, to mid-April 2002, the foundation raised an additional $60-million for the victims of the terrorist attacks through a campaign called “The New York Times 9/11 Neediest Fund.” The foundation worked with selected groups to distribute the campaign’s funds for employment assistance, trauma treatment, legal assistance, and other services for those affected by the attacks.

With regard to its regular grant making, the foundation appropriated education grants totaling $1,375,200, including $30,000 to the New York Botanical Garden for curriculums for public schools, and $10,000 to the Dance Theatre of Harlem, in New York, for education and community-outreach programs.

Culture-related grants totaled $1,088,000, and included a $100,000 award to the American Museum of Natural History, in New York, for the Hall of Biodiversity.

Community-service grants, which totaled $574,250, included $10,000 to the South Bronx Overall Economic Development Corporation for a welfare-to-work counseling center.

Journalism grants totaled $438,100, and included $25,000 to the Columbia University Graduate School of Journalism, in New York, for a course to help journalists develop stories based on data from the 2000 census.

The foundation also contributed $1,307,318 through its matching-gifts program. The program donates $1.50 for each dollar given by any active or retired employee or director of the New York Times Company to nonprofit cultural and environmental groups, schools, and colleges and universities, up to an annual total of $3,000 per individual. For the first time, the foundation also matched contributions to journalism organizations.

Application procedure: Applications should be addressed to the president; for grants in areas outside New York, write to the nearest New York Times Company business unit. Deadlines are December 1 and June 1 annually. A letter describing the purpose for which the funds are requested and how the funds will be allocated is sufficient. A list of other potential sources of support, a list of the organization’s board of directors, and a financial report are also required, as is a copy of the letter from the Internal Revenue Service certifying the organization’s tax-exempt status under Section 501(c)(3) of the Internal Revenue Code.

Key officials: Jack Rosenthal, president; Russell T. Lewis, executive vice president; Michael Golden, John M. O’Brien, and Solomon B. Watson IV, senior vice presidents; Jacqueline H. Dryfoos, chairman of the Board of Directors.