NYCT AR2009_final.pdf - The New York Community Trust

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A young artist at work in Terise Haine’s classroom at the Hudson Guild. 1 Welcome 2 The road back: A message from our chairman and president 4 Giving: Stretching the safety net 14 Selected Grants 18 How to apply for a grant 20 Join us: How to set up a charitable fund 24 Sound advice: Information for attorneys 26 Our governing body 29 Suburban divisions 32 Trustee banks 33 Staff 34 The numbers: Audited financial statements 37 Notes 42 Auditors’ report 43 Financial highlights 43 Investment committee 44 Funds in 2009 56 Grants in 2009 Table of contents
Welcome The words on the cover of this report were written in 1940 by Ralph Hayes, the first president of The New York Community Trust. “In troubled times,” he continued, “[community foundation] resources have become healthy factors in their communities. Later, they will have still greater usefulness, when the long trek back toward sanity begins. In darkening times, a treasure chest is built against the needs of distant days.” Today, a world war is not on the horizon, and the recession we’ve been through doesn’t compare to the Depression. But its fallout has been acutely felt in the City, and The Trust dug into its treasure chest to help New Yorkers who have been hit hard. This report reviews some of that work and what it accomplished. Since 1924, we’ve been helping donors achieve their charitable goals and built a lasting resource for our grandchildren. We ended 2009 with assets of $1.74 billion, and made grants totaling $123 million. Whether you’re giving today or endowing a fund to solve problems we can’t now imagine, The Trust makes it easy to be a philanthropist. As you read about us, our donors, and the people and nonprofits we support, we hope you’ll join us.
Page 1: Through the alarms of war, the tide
Page 5 and 6: 3 people alone who need help. As Do
Page 7 and 8: Stretching the Safety Net Rose-colo
Page 11 and 12: their shelves stocked with fresh fo
Page 14 and 15: The Guild’s bright, happy atmosph
Page 16 and 17: 14 To provide a full flavor of our
Page 18 and 19: 16 Taproot Foundation, to help nonp
Page 20 and 21: how to apply for a grant 18 The Tru
Page 22 and 23: The New York Community Trust offers
Page 24 and 25: Bob Kaufman: Director and donor We
Page 26 and 27: guidelines for attorneys 24 Establi
Page 28 and 29: The governing body consists of 12 m
Page 30 and 31: 28 Anne Moore, M.D. Professor of Cl
Page 32 and 33: 30 Westchester funds Apoyo Fund (20
Page 34 and 35: In 1923, the banks of New York City
Page 36 and 37: financial statements Consolidated S
Page 38 and 39: Consolidated Statements of Cash Flo
Page 40 and 41: orderly transaction between market
Page 42 and 43: Capital invested in Level 3 assets
Page 44 and 45: Independent Auditors’ Report Dist
Page 46 and 47: Please k n o w t h at w e d o o u r
Page 48 and 49: funds in 2009 46 Coleman Family Fun
Page 50 and 51: funds in 2009 48 Gail Gordon Fund (
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funds in 2009 50 Jacob Levy Fund (1
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funds in 2009 52 CB Perrette Fund (
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funds in 2009 54 Ettie Stettheimer
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Th e o r g a n iz at i o n s listed
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grants in 2009 58 Community Resourc
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grants in 2009 60 Lawyers Alliance
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grants in 2009 62 Pennsylvania Stat
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Westchester Community College Found
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The New York Community Trust 909 Th
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