04090 L 03-04 Annual Report - The Dayton Foundation
04090 L 03-04 Annual Report - The Dayton Foundation
04090 L 03-04 Annual Report - The Dayton Foundation
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Legacy Partnership<br />
Multi-Year<br />
Discretionary Grant<br />
Commitments<br />
As part of the Governing<br />
Board’s multi-year commitments<br />
to support the<br />
<strong>Foundation</strong>’s leadership<br />
initiatives, <strong>The</strong> <strong>Dayton</strong><br />
<strong>Foundation</strong> made three<br />
additional discretionary<br />
grants, totaling $362,500<br />
to the following organizations<br />
in 20<strong>03</strong>-20<strong>04</strong>.<br />
Arts Center <strong>Foundation</strong><br />
($100,000) Year five of a sixyear<br />
$1 million commitment<br />
to stimulate the ongoing<br />
revitalization of downtown<br />
<strong>Dayton</strong> and interest in the<br />
performing arts and to benefit<br />
the Greater Miami Valley<br />
through the construction of<br />
the Benjamin and Marian<br />
Schuster Performing Arts<br />
Center.<br />
Schuster Performing Arts Center<br />
Out-of-School-Youth Program<br />
Sinclair Community College<br />
($150,000) Year two of a<br />
six-year $1 million commitment<br />
to assist the Out-of-<br />
School-Youth Program in<br />
developing the Fast-Forward<br />
Project that recruits, assesses<br />
and mentors at-risk youth<br />
and links them to alternative<br />
learning or training opportunities.<br />
Miami Valley Teacher/Leadership<br />
Academy<br />
Montgomery County<br />
Education Services Center<br />
($112,500) Year four of a<br />
four-year $450,000 commitment<br />
to assist the Miami<br />
Valley Teacher/Leadership<br />
Academy in providing quality<br />
professional development<br />
opportunities for Miami<br />
Valley educators to ultimately<br />
enhance students’<br />
education.<br />
Designated, Advised<br />
and Directed Grants<br />
from Endowments<br />
Additionally, grants flow<br />
from over 950 designated,<br />
advised and directed funds<br />
established at <strong>The</strong> <strong>Dayton</strong><br />
<strong>Foundation</strong>. Donors<br />
specify designated grants<br />
in their fund agreement.<br />
Donor-advised fund donors,<br />
their designees or<br />
an advisory board advise<br />
grants, which are subject<br />
to final approval by the<br />
<strong>Foundation</strong>. Grants from<br />
donor-directed funds,<br />
including Charitable<br />
Accounts, Inc., and Family<br />
SM<br />
<strong>Foundation</strong> Plus, are<br />
determined on an ongoing<br />
basis by the donors.<br />
During 20<strong>03</strong>-20<strong>04</strong>,<br />
<strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong><br />
awarded 1,840 designated,<br />
advised and directed grants<br />
from endowments, totaling<br />
$10,113,299, to assist<br />
a variety of purposes, including<br />
the arts, youth<br />
programs, the environment,<br />
health and human<br />
services, education and<br />
scholarships.<br />
Scholarships<br />
During 20<strong>03</strong>-20<strong>04</strong>, <strong>The</strong><br />
<strong>Dayton</strong> <strong>Foundation</strong><br />
awarded $1,749,276 from<br />
110 funds to help more<br />
than 1,200 students advance<br />
their educational<br />
goals. Eligibility requirements<br />
vary from fund to<br />
fund. To obtain specific<br />
criteria, contact Diane<br />
Timmons, director of<br />
Grants and Programs, at<br />
(937) 225-9966, or visit<br />
the <strong>Foundation</strong>’s web site<br />
to search the online scholarship<br />
directory, Scholarship<br />
CONNECT. To access<br />
the directory, click on the<br />
“For Youth” button on the<br />
<strong>Foundation</strong>’s home page,<br />
located at www.dayton<br />
foundation.org.<br />
Legacy Partnership<br />
Program of <strong>The</strong><br />
<strong>Dayton</strong> <strong>Foundation</strong><br />
Since <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong><br />
established the<br />
Legacy Partnership Program<br />
in 2002, dozens of<br />
Greater Miami Valley notfor-profits<br />
have signed<br />
up to help build their<br />
endowments through this<br />
planned and deferred<br />
giving program.<br />
This first-in-the-nation<br />
program helps charities<br />
start a legacy program or<br />
invigorate a languishing<br />
or dormant program to<br />
help sustain their organization<br />
in the future.<br />
<strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong>’s<br />
Legacy Partnership<br />
Program:<br />
❧ teaches an approach to<br />
endowment building that<br />
has a proven track record<br />
of securing legacy gifts;<br />
❧ provides a structure<br />
and discipline to assure<br />
that charities have allocated<br />
time to devote to<br />
their program;<br />
❧ provides support for<br />
endowment-building<br />
efforts, with access to the<br />
<strong>Foundation</strong>’s services and<br />
Development staff with<br />
planned and deferred<br />
giving knowledge and<br />
experience; and<br />
❧ helps charities grow<br />
their resources for the<br />
benefit of the community.<br />
<strong>The</strong> program has<br />
shown remarkable growth<br />
in the last fiscal year –<br />
from 14 organizations in<br />
February 20<strong>03</strong> to 49 organizations<br />
participating as<br />
of June 30, 20<strong>04</strong>. <strong>The</strong>se<br />
organizations’ funds are<br />
included in the Endowed<br />
Funds section of this<br />
report, on pages 15-59.<br />
For more information<br />
on this program, call Joe<br />
Baldasare, vice president<br />
of Development, at (937)<br />
225-9954.<br />
We invite you to visit <strong>The</strong><br />
<strong>Dayton</strong> <strong>Foundation</strong>’s web site –<br />
www.daytonfoundation.org –<br />
rated #1 in the <strong>Foundation</strong>’s<br />
asset category of U.S. public<br />
and community foundations<br />
competing in the 20<strong>04</strong> Wilmer<br />
Shields Rich Awards.<br />
Grants and Programs/Legacy Partnership Program: <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong> <strong>Report</strong> to the Community 20<strong>03</strong>-20<strong>04</strong><br />
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