2005 Community Report - Brandywine Health Foundation

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AFTER-SCHOOL CARE $10,000 to Art Partners Studio For its after-school program partnering children with senior citizens in Coatesville. $12,500 to Big Brothers Big Sisters For a mentoring program partnering older students at Coatesville Area High School with children at Friendship Elementary School. $9,750 to the Children, Youth, and Women’s Alliance (CYWA) To operate a free after-school program serving 60 low-income children, ages 6-12, in Coatesville. $12,500 to the YMCA of the Twin Valley To continue the Encore Healthy Kids Club, a free after-school program for children in northwestern Chester County at the new YMCA in Honey Brook. DOMESTIC VIOLENCE $10,000 to Domestic Violence Center of Chester County For services to victims of domestic violence served by the agency’s Coatesville Center for Community Health office. EMERGENCY-RELATED PROGRAMS AND SERVICES $2,500 to Chester County Health Department’s Cribs for Kids Program For a collaborative child death prevention initiative, coordinated by the Health Department, that provides free cribs to low-income families in western Chester County. $12,500 to Downingtown Area Communities That Care For a Parent Awareness Campaign that offers training to parents of children ages 9-18 using the Parenting Wisely curriculum designed to improve parenting skills and dynamics, and thus decrease substance abuse and problem behaviors among youth. $4,000 for two challenge grants to Downingtown West and Octorara High Schools’ Post-Prom Parties To reduce substance abuse among teens by providing students with a fun, safe environment in which to celebrate their proms without using drugs and alcohol. $50,000 challenge grant to Good Fellowship Ambulance and EMS Training Institute For this 1:1 match contribution program enabling the West Chester-based ambulance company to launch the county’s first and only advanced life support training institute. $13,220 to Washington Hose Company No. 1 For the purchase and equipping of two EMS bicycles for this local volunteer fire company to use at events such as the Coatesville Area High School football games, Coatesville’s July fireworks and the Strawberry Festival. OTHER $2,000 to Grantmakers in Health For annual membership/grant to this trade association of health-related grantmakers across the country. GIH’s annual meeting, variety of publications and Web site are the Foundation’s best resources for information related to building a quality health foundation. TOTAL COMPETITIVE GRANTS: $1,494,280 10 OTHER GRANTS AND SCHOLARSHIPS ROUSE/CHAMBERLIN HOMES 2005 STRAWBERRY FESTIVAL GRANTS $7,000 to the Brandywine YMCA $4,000 to the Coatesville Public Library $16,000 to the Rotary Club of Coatesville $13,000 to the Thorndale Volunteer Fire Company TOTAL STRAWBERRY FESTIVAL GRANTS: $40,000 PASS-THROUGH COMMUNITY GRANTS $105,000 to ChesPenn Health Services $500 to The Chester County Chamber of Business and Industry $500 to Community Volunteers in Medicine $500 to Planned Parenthood of Chester County $235 to Susan G. Komen Breast Cancer Foundation $1,000 to the YMCA of the Brandywine Valley TOTAL PASS-THROUGH COMMUNITY GRANTS: $107,735 NON-COMPETITIVE COMMUNITY DONATIONS Chester County Community Foundation Chester County FOP Family Service of Chester County Glen Moore Fire Company The Hickman Hutchinson Memorial UAME Church La Comunidad Hispana Maternal and Child Health Consortium Operation Thanksgiving/Christmas United Way of Chester County Washington Hose Company Western Chester County Chamber of Commerce Women's Referral Network of Chester County TOTAL COMMUNITY DONATIONS: $4,945 2005 NURSING AND HEALTH PROFESSIONAL SCHOLARSHIPS Alumni Association Award: Kristen Nellius Cardiac Rehab Scholarship Awards: Malinda Kilby, Christine Kleppe, Jennifer L. Marschalok and Holly Weaver Coatesville Athletic Association Scholarship: Jennifer Winchester Egoville Scholarship Award: Linda Long Morris, August 2004; Suzanne Whitenite, August 2005 Ethel G. Charlton Award: Nancy Jones Gunard Berry Carlson Recognition Award: Maria Chepak Henrietta Potter Hankin Award: Alanna Cox James Loren Cox Memorial Awards: Nina Malliard, L'Tanya Taylor, Marianne Daily, William Belmonte and Suzanne Whitenite Margaret Barnes Award: Linda Long Morris Myrtle Harvey Award & Doris K. Cumber Memorial Award: Amy Mastrangelo TOTAL SCHOLARSHIPS: $21,450 GRAND TOTAL: $1,668,410
FINANCIAL REPORT INVESTMENT POLICY: It is the Brandywine Health & Wellness Foundation’s policy to invest funds with an asset mix of 65 percent equities and 35 percent fixed instruments and cash. A volunteer committee of experienced business managers regularly reviews the Foundation’s portfolio and evaluates the performance of our investment managers, trustees and auditors. The committee’s investment strategy is designed to protect the Foundation’s current and long-term benefit to the community by balancing the goals of growing to meet future need while prudently minimizing risk. AUDIT COMMITTEE: The Foundation’s Audit Committee is an independent group of volunteers, chaired by former County Comptroller and current Commissioner Carol Aichele, joined by two experienced accountants who do not serve on the board of directors. It is this Committee’s responsibility to hire, evaluate, and oversee the work of the Foundation’s auditors. The Audit Committee is proud to report that for the years ended June 30, 2004 and 2005, a clean letter of opinion was provided by Maillie, Falconiero & Company, LLP. To view the full Foundation audit report and 990 IRS tax filing, please visit: www.brandywinefoundation.org. CASH AND INVESTMENTS HELD AS OF JUNE 30, 2005 Dodge and Cox Stock Fund $ 2,813,323 G.E. Premier Growth Fund 2,638,933 T. Rowe Price REIT Fund 1,126,534 PIMCO Moderate Duration Fund 3,929,049 PIMCO Total Return Fund 1,507,727 PIMCO Total Return II Fund 2,412,497 Royce Pennsylvania Fund 1,188,907 Vanguard Explorer Fund 1,136,697 Vanguard Global Equity Fund 4,450,461 Vanguard Index 500 Fund 2,493,002 Vanguard REIT Index Fund 486,017 $ 24,183,147 NOTE: Funds held by the BHS Transitional Corporation are housed at First National Bank of Chester County. These funds are used to repay certain financial obligations of Brandywine Hospital prior to its sale to Community Health Systems. All funds remaining at BHS after the resolution of these issues will be donated to the Foundation. Statements of Financial Position Years Ended June 30, 2005 and 2004 Assets Cash Investments Accounts Receivable Furniture and office equipment, less accumulated depreciation of $47,251 (2005) Other assets Total Assets Liabilities and Net Assets Liabilities Accounts payable and accrued expenses Grants payable Total Liabilities Net Assets Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets Total Liabilities and Net Assets Statements of Activities Years Ended June 30, 2005 and 2004 Support and Revenue Contribution from Brandywine Health Services, Inc. Contributions Special events Investment Income Total Support and Revenue Expenses Program services General and administrative Fundraising Total Expenses Increase (Decrease) in Net Assets Net Assets at Beginning of Year Net Assets at End of Year Investment Managers: PFM Advisors / Trustees: First Financial Bank Auditors: Maille, Falconiero & Co, LLP 2005 2004 $ 302,947 $ 1,112,480 24,183,147 21,739,005 666,667* 15,462 68,976 89,434 88,073 27,563 $ 25,309,810 $ 22,983,944 $ 48,841 $ 37,771 810,000 70,000 $ 858,841 $ 107,771 $ 23,024,106 $ 21,259,749 1,320,545 1,510,106 106,318 106,318 $ 24,450,969 $ 22,876,173 $ 25,309,810 $ 22,983,944 2005 2004 $ 200,000 $ 1,424,317 1,255,723* 162,715 121,945 93,825 2,140,688 2,516,245 $ 3,718,356 $ 4,197,102 $ 1,853,178 $ 779,464 157,858 163,540 132,524 114,354 $ 2,143,560 $ 1,057,358 $ 1,574,796 $ 3,139,744 22,876,173 19,736,429 $ 24,450,969 $ 22,876,173 *Contributions: includes $1 million from Brandywine Hospital provided as part of a court-approved settlement between BHS Transitional Corporation and Community Health Systems, Inc. This contribution is payable in three annual installments of $333,333. The first installment was received in August 2004. 11
Page 1 and 2: OUR SAFETY NET JUST GOT STRONGER Br
Page 3 and 4: IMPROVING OUR COMMUNITY’S HEALTH
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Page 9 and 10: program. The girls either lost or m
Page 11: COMPETITIVE GRANTS SAFETY NET FOR T
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Page 17 and 18: Mr. and Mrs. Richard Franklin Congr
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2005 Community Report - Brandywine Health Foundation

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