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Foundation Giving

Foundation Annual Reports

October 5, 2000 | Read Time: 7 minutes

J. PAUL GETTY TRUST

1200 Getty Center Drive, Suite 400
Los Angeles 90049-1681
(310) 440-7360
http://www.getty.edu

Period covered: Year ending June 30, 1999.

Finances
(in millions) 1998 1999
Assets $7,581.8 $8,066.3
Net investment income $718.7 $711.5
Net revenue & other income $25.8 $18.3
Operating programs & expenses $197.0 $204.1
Capital expenditures $176.8 $67.8

Purpose and areas of support: The J. Paul Getty Trust is a private operating foundation dedicated to the visual arts and humanities.

Its origins date back to 1953, when the oil tycoon J. Paul Getty created a small art museum at his home near Malibu, Calif. He later built a Roman-style villa there that housed the J. Paul Getty Museum from 1974 to 1997.

Mr. Getty died in 1976, and most of the assets that were part of his personal estate — $1.2-billion — passed to the trust in 1982.


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The infusion of assets enabled the trust to expand its mission to include work in conservation, education, research, information technology, and grant making.

Today, the trust oversees four major, complementary programs: the J. Paul Getty Museum, the Getty Research Institute for the History of Art and the Humanities, the Getty Conservation Institute, and the Getty Grant Program.

The Getty Grant Program awards grants to individuals and institutions in the following areas: scholarship in the history of art, art and architectural conservation, museums, policy and professional organizations, special initiatives, organizational assessments, the Electronic Cataloguing Initiative, and museums and visual-arts organizations in Los Angeles, with an emphasis on internships for minority youths.

The Getty Center in Los Angeles opened to the public in December 1997; it houses the Getty Museum’s collections of European paintings, drawings, sculpture, illuminated manuscripts, photographs, and decorative arts.

The Getty Villa in Malibu was closed in 1997 and is scheduled to reopen in 2002. It will house the Getty Museum’s Greek and Roman pieces, as well as the first master’s-degree program in the United States in archaeological conservation, a partnership between the Getty and the University of California at Los Angeles.


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Application procedure: Information about eligibility, deadlines, and application procedures for the Getty Grant Program, as well as lists of recent grants awarded, may be found at the trust’s Web site or obtained by contacting the Getty Grant Program at 1200 Getty Center Drive, Suite 800, Los Angeles 90049-1685; (310) 440-7320; fax (310) 440-7703.

Key officials: Barry Munitz, president and chief executive officer; Stephen D. Rountree, executive vice president and chief operating officer; John F. Cooke, executive vice president for external affairs; Russell S. Gould, executive vice president for finance and investments; Deborah Gribbon, vice president and director of the Getty Museum; Deborah Marrow, director of the Getty Grant Program and dean for external relations; Thomas Crow, director of the Getty Research Institute; Timothy P. Whalen, director of the Getty Conservation Institute; Lori Starr, director of communications; David Pierpont Gardner, chairman of the Board of Trustees; Robert F. Erburu, chairman emeritus.

CONRAD N. HILTON FOUNDATION
100 West Liberty Street, Suite 840
Reno, Nev. 89501-1988
(775) 323-4221

10100 Santa Monica Boulevard
Suite 1000
Los Angeles 90067-4011
(310) 556-4694
http://www.hiltonfoundation.org

Period covered: Year ending February 29, 2000.


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Finances
(in millions) 1999 2000
Assets $519.2 $554.2
Realized gains on sale of investments $48.0 $41.8
Operating expenses $2.8 $3.2
Grants approved $66.6 $9.8

Purpose and areas of support: The foundation was established in 1944 as a trust by the hotelier Conrad N. Hilton.

The fund remained relatively small until Mr. Hilton’s death in 1979, when he left the bulk of his estate to the foundation.

The foundation is the beneficiary of two trusts with combined assets of $850-million that jointly hold more than 25 million shares of common stock in the Hilton Hotels Corporation. With the Conrad N. Hilton Fund — a supporting organization described below — taken into account, the Hilton philanthropic entities have total assets of approximately $1.7-billion.

The foundation’s grant-making priority areas are blindness, domestic violence, early-childhood development, homelessness, and substance-abuse prevention and research.

Grants related to blindness focus on direct services for infants and children in the United States and elsewhere who have multiple disabilities and on efforts to prevent blindness caused by nutritional deficiencies and the infectious disease trachoma.


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The foundation awarded a total of $3-million to three long-term domestic-violence programs that focus on strengthening the systems to which abused women most often turn for assistance.

Through its early-childhood-development program, the foundation continued its five-year, $11.2-million commitment to the California Institute on Human Services at Sonoma State University. The institute provides specialized training and support for Early Head Start and Migrant Head Start programs that serve disabled infants and toddlers nationwide.

In the area of homelessness, the foundation entered the second year of a five-year, $6.4-million grant to the Corporation for Supportive Housing to develop and expand innovative, cost-effective programs that serve homeless people who are mentally ill. The programs will eventually have sites in New York City and five other metropolitan areas.

In 1996 the foundation created the Conrad N. Hilton Humanitarian Prize, which annually bestows a $1-million award on a nonprofit or nongovernmental organization “anywhere in the world that is making extraordinary contributions toward alleviating human suffering.” The 1999 recipient was the African Medical and Research Foundation, in Nairobi, Kenya.

The Conrad N. Hilton Fund was endowed in 1995; its principal beneficiary is the Conrad N. Hilton Fund for Sisters, which operates under the auspices of the Archdiocese of Los Angeles and awards some $3-million annually to support the charitable work of Roman Catholic nuns worldwide.


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Application procedure: The foundation neither encourages nor generally considers unsolicited proposals. It initiates and develops major long-term projects and then seeks out appropriate organizations that can best implement those projects.

Key officials: Donald H. Hubbs, chairman and chief executive officer; Steven M. Hilton, president; Dyanne M. Hayes, vice president for programs; Judy Miller, vice president and director of the Conrad N. Hilton Humanitarian Prize Program; Patrick J. Modugno, vice president for administration and chief financial officer; Deborah Kerr, secretary and treasurer; Marge Brownstein and Jeff Schaffer, senior program officers; Rose Arnold, grants manager.

CORPORATIONS

THE NEW YORK TIMES COMPANY FOUNDATION
229 West 43rd Street
New York 10036-3959
(212) 556-1091

Period covered: Year ending December 31, 1999.

Finances
(in millions) 1998 1999
Assets $2.7 $2.4
Contributions from the New York Times Company $3.9 $4.0
Administrative expenses $0.5 $0.5
Grants paid $4.8 $4.8

Purpose and areas of support: The foundation allocates grants to nonprofit organizations working in five program areas: 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.


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Grants are not usually made for neighborhood-level projects, or for sectarian religious institutions and causes, for capital improvements, or to prevent drug or alcohol abuse.

In 1999, grants totaling $4.8-million were awarded. The cultural-affairs program received the largest percentage of any program area, followed by education. Awards included $25,000 to the Big Apple Circus for its “Clown Care Unit,” which visits hospitalized children year round.

Grants in other areas included $25,000 to the Committee to Protect Journalists to revamp its Web site and provide additional staff support. The grant was made as part of a four-year, $100,000 pledge to the group.

Through its matching-gifts program, the foundation made 1,925 gifts totaling $945,613. 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.

The Neediest Cases Fund, which is administered by the foundation, brought in $6,701,123, including an anonymous donation of $800,000.


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Application procedure: Applications should be addressed to the president; for grants in areas outside New York, write to the nearest Times business unit. Deadlines are December 1 and June 1. The foundation discourages elaborate requests and proposals; a letter describing the purpose for which funds are requested and how those funds will be appropriated 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; Arthur Sulzberger Jr., chairman of the Board of Directors.

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