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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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