2007 Annual Report - Akron Community Foundation

More documents

Recommendations

Info

MISSION STATEMENT Akron Community Foundation seeks to improve the quality of life in the Greater Akron area by building permanent endowments and providing philanthropic leadership that enables donors to make lasting investments in the community. To fulfill this mission, the foundation is committed to: Serving Akron and surrounding areas with creative, visionary and sensitive grants that address the evolving needs of an area experiencing rapid economic and social change. Devoting special emphasis to programs that enrich the community in the distinct areas of arts and culture, education, health and human services, and civic affairs. Advising donors in the areas of their particular concerns and assisting them in achieving the most beneficial results. Performing as a responsible solicitor and prudent manager of philanthropic assets created through charitable gifts and bequests. Demonstrating community leadership by seeking innovative programs and by acting as a catalyst in identifying problems and sharing information with other organizations. TABLE OF CONTENTS 2 LETTEr from the board chair 3 LETTEr from the president 4-5 the community FUND 6-9 arTS & culture 10-13 civic affairs 14-17 hEALTh & human services 18-21 education 22-23 family of FUNDS 24 millennium fund for children 25 verNON l. odom fund 26 gay community endowment fund 27 womEN’s endowment fund 28 medina county community fund 29 medina county women’s endowment fund 30 hudson public schools endowment fund 31 NEighborhood partnership program akroncommunityfdn.org 32-35 the 37 th bert a. polsky humanitarian award 36-39 summary financial statements 40-41 ESTABLishing a fund 42-43 dESignated funds 44-45 designated grants 46-55 donors 56-57 trustees 58 staff 59 our past leaders This annual report is available online at www.akroncommunityfdn.org/publications.
from the board chair from the PRESIDENT akroncommunityfdn.org Our theme for this year’s annual report, Inspire, defines how I feel as I close my two-year term as board chair. I’ve been truly inspired by the people in this community who share a passion for Akron Community Foundation and who give so generously to better the Greater Akron area. We’re fortunate to have such a vibrant and active group of dedicated supporters. The board has had a very productive year. In addition to completing the strategic planning initiative we began last year, we established both short- and long-term direction and focus for the foundation’s activities. As a result, we are better prepared to take advantage of future opportunities and meet the challenges facing foundations across the country as communities continue to change and evolve. I want to thank foundation President Jody Bacon, an outstanding professional staff and the board of trustees for their tireless efforts to assure the foundation maintains its leadership role in the community’s ongoing development. Under Jody’s guidance, our assets have continued to grow, and the foundation stands on secure footing for the future. On a personal note, I want to thank Scott Lyons for his nine years of outstanding service to the board. The foundation and our community are stronger for his efforts. To see how the foundation truly makes a difference in people’s lives, I encourage you to read the inspiring stories in this annual report. I also invite you to visit the foundation’s Web site, www.akroncommunityfdn.org, to learn more about Akron Community Foundation and its mission. Or, call 330-376-8522 to learn how you can become a part of the foundation’s work. Inspiration gave birth to Akron Community Foundation. Think what our community would be like if Edwin Shaw had not been inspired to provide an opportunity for each of us to participate in, and benefit from, philanthropy. His bequest of $ 1 million dollars given 51 years ago established Akron Community Foundation. Since then thousands of residents have added to the permanent endowment in amounts large and small. Each of us has benefited over the years from local arts, education, civic, and health and human services programs supported by Akron Community Foundation grants. I am pleased to report that Shaw’s initial gift of $ 1 million has grown to more than $ 142 million, enabling the foundation to fund 850 grants, reinvesting $ 6.5 million in the community through programs and projects of local nonprofit organizations. Since 1955 total foundation grants exceed $ 63 million. More important than the total grants is the impact they have on the quality of our lives. This report illustrates, through stories of local citizens, how they and many others are touched by grants from the foundation. These are just a few of the stories we have to share. The foundation is able to grow and expand its impact on the community through the continued support of its donors. I thank each of you who support this extraordinary way to make and keep our community strong. It is the pooling of our financial resources that makes a difference and keeps inspiring us to do more. akroncommunityfdn.org “It’s been a privilege to serve as board chair, and I’m confident that the important work of the foundation’s supporters and staff will profoundly impact our community for years to come.” ACF Board Chair Kathryn W. Dindo “The work of the foundation is directed by a strong board of trustees, led the past two years by Kathryn Dindo, and a skilled and caring staff. I am privileged to work with them and for you as we carry the foundation’s mission forward.” ACF President Jody Bacon
Page 1: INSPIRE 345 West Cedar Street Akron
Page 5 and 6: akroncommunityfdn.org akroncommunit
Page 7 and 8: 10 11 akroncommunityfdn.org akronco
Page 13 and 14: FAMILY OF FUNDS 22 akroncommunityfd
Page 15 and 16: Gay Community Endowment Fund Women
Page 17 and 18: HUDSON PUBLIC SCHOOLS ENDOWMENT FUN
Page 19 and 20: 37 TH POLSKY AWARD RECIPIENT Contri
Page 21 and 22: $ 140 GROWTH OF ASSETS SINCE 1995 (
Page 23 and 24: 42 akroncommunityfdn.org DESIGNATED
Page 25 and 26: 46 akroncommunityfdn.org DONORS GIF
Page 27 and 28: 50 akroncommunityfdn.org Big Brothe
Page 29 and 30: 54 akroncommunityfdn.org Betts Cole
Page 31: Leadership through the years 58 akr

2007 Annual Report - Akron Community Foundation

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?