Connie L. Strehle, John A. Striebel, Mr. & Mrs. Marty Stump, Nicholas E. Subashi, Maxene Suerdieck, John Sullivan, Jr., Mr. & Mrs. Michael Sullivan, David & Pamela Sunderland, James L. Sunderland, Sunset Cleaners, Mr. & Mrs. Robert J. Suttman, II, Mr. & Mrs. Thomas E. Suttmiller, Helen M. Sutton, Susan L. Sutton, Aleksandar Svager, Sweeney's Seafood House, Mr. & Mrs. Frank Swift, Mr. & Mrs. Hallock F. Swift, Mr. & Mrs. Lawrence E. Swords, A. Gary Szosz T T.A. Hoover Machining, Inc., Mr. & Mrs. Christopher Tangeman, Mr. & Mrs. Michael Tankersley, Mr. & Mrs. Jerome F. Tatar, Cynthia & Walter Taylor, Mr. & Mrs. Gregory Taylor, Mr. & Mrs. John N. Taylor, Jr., Mr. & Mrs. Kenneth A. Taylor, Martha L. Taylor, Quincy Taylor, Mr. & Mrs. Darrell Tegtmeyer, Helen L. Termuhlen, <strong>The</strong> Children’s Medical Center, <strong>The</strong> Virginia Conlogue <strong>Foundation</strong>, Mr. & Mrs. Jeffrey <strong>The</strong>is, Mr. & Mrs. Richard J. Thiel, Joan E. Thiele, Brenda L. Thomas, Mr. & Mrs. David Thomas, G. Richard Thomas, James Jr. & Betsy L. Thomas Endowment Fund, Janet I. Thomas, Marvin R. Thomas, Mr. & Mrs. Norman Thomas, Teresa E. Thomas, Thompson Hine LLP, David Thompson, Mr. & Mrs. Donald Y. Thompson, Roma Jo Thompson, Sue Thompson, Mr. & Mrs. Thomas Thompson, William R. Thompson, John Thomson, William T. Thorn, Penny Thuma, Jennifer L. Tigner, Mr. & Mrs. Matt Timmer, Rose M. Timmer, William C. Timmermeister, Ron & Diane Timmons, Tipp City Exempted Village Schools, Tipp City Rotary Club, Tippecanoe High School Alumni Assn., Mr. & Mrs. Greg Toman, Tomkins Industries, Inc., Mr. & Mrs. Samuel Topal, Mari Hatter Torres, Mr. & Mrs. Timothy M. Townsend, Tracy & Tracy, Attorneys-At-Law, Treble One LLC, Dennis & Joan Trentman, Mr. & Mrs. Donald J. Trentman, Mr. & Mrs. Thomas J. Trick, Julie & Werner Triftshouser, Trinity United Church of Christ, Hardy W. Trolander, Trotwood-Madison Educational <strong>Foundation</strong>, Mr. & Mrs. Phil Trueblood, <strong>The</strong> Turner <strong>Foundation</strong>, Gerald L. & Patricia Turner, Mr. & Mrs. Robert Turner, Mr. & Mrs. Elton Turnipseed, Lawrence Turyn, Mr. & Mrs. David Tuttle, Twin Maples Veterinary Hospital, Inc. U Charles M. Uhl, Jr., Henry A. & Margaret C. Uhlemeyer, U-Learn Academy, Richard L. Ullman, Unibilt Industries, Inc., United States Naval Institute, United <strong>The</strong>ological Seminary, United Way of the Greater <strong>Dayton</strong> Area, University of <strong>Dayton</strong>, University Womens Club, US Bank V Mr. & Mrs. W.G. Van Breukelen, Van Buren Middle School, Beverly A. Van Nest, Mr. & Mrs. Gary C. Vance, Vandalia-Butler Employees Payroll Deduct, Vandalia- Butler <strong>Foundation</strong>, Vandalia- Butler Optimist Club, Vandalia Lions Club, Dr. & Mrs. Leon D. Vandecreek, John D. Vanderhorst, Margaret P. Vaniman, Janis L. Vargo, Linda Varner, Mr. & Mrs. Jeffrey Varvel, Brad & Michelle Vath, Mr. & Mrs. Brad Verburg, Jeffrey Vernooy, Mr. & Mrs. Lyle Verrill, Victory Against Hunger, Victory Wholesale Grocers Division of Brothers Trading Co., Inc., Virginia Conlogue Scholarship Fund, Virginia W. Kettering <strong>Foundation</strong>, Lilli Vitale, Vosler Dental W Mr. & Mrs. Joseph F. Wade, Eloise P. Wagner, John K. Wagner, Philip H. Wagner, Rebecca A. Wagner, Mr. & Mrs. Robert Wahl, Mr. & Mrs. Robert C. Walker, Mr. & Mrs. Thomas L. Walker, Fred & Alice Wallace Charitable Memorial <strong>Foundation</strong>, Inc., Mr. & Mrs. James E. Walsh, Jack Walters, Mr. & Mrs. Sam Walters, William D. Walther, Mr. & Mrs. Christopher Wampler, Mose & Judy Wampler, Mr. & Mrs. Allan R. Ward, Warren County Board of Mental Retardation & Developmental Disabilities, Mr. & Mrs. Richard K. Warren, Mr. & Mrs. Robert E. Warren, Barbara H. Wasson, Mr. & Mrs. Lloyd Waterhouse, Cynthia K. Watson, Edna Weaks, W. Thomas Weaver, Glenn C. Webb, Jr., Mr. & Mrs. Bradley A. Weber, Mr. & Mrs. Frank Weber, Jean L. Weigle, Mr. & Mrs. William Weikert, Mr. & Mrs. Robert James Weiland, Donald L. Weimert, Michael N. Weinberg, Mr. & Mrs. Frank T. Weis, Mary Rita Weissman, Mr. & Mrs. Norman Weissman, Dr. & Mrs. Philip A. Weisman, Wellness Connection of the Miami Valley, Mr. & Mrs. Edwin Wells, Bob Weltner, Mr. & Mrs. Melvin Wendeln, Mr. & Mrs. James F. Wenzke, Dr. & Mrs. Larry W. Weprin, Wertz Stores, Inc., Margaret A. Wesbecher, Wesley Community Center, West Carrollton Board of Education, West Carrollton Education Association, West Carrollton Education <strong>Foundation</strong>, West Carrollton Food Pantry, Mr. & Mrs. Charles Westfall, Mary Jane B. Whalen, Mr. & Mrs. Herbert E. Whalen, Jr., Mr. & Mrs. Robert J. Whalen, Mr. & Mrs. William B. Whalen, Robert E. & Gertrude K. Whelan, Mr. & Mrs. Mark Whetstone, Mr. & Mrs. Richard A. Whetstone, WHIO TV 7, Tim Whipple, Howard L. White, Jr., Mr. & Mrs. John White, Benjamin Whitley, Brenda Whitney, Mr. & Mrs. Leon A. Whitney, Mr. & Mrs. Richard A. Whitney, II, Mr. & Mrs. Kent Whittmore, Fred & Darilynn Whittemore, Kevin R. Wichman, Mr. & Mrs. Richard H. Wick, Mr. & Mrs. H. Leslie Wietzel, Julie L. Wiggins, Peter Chase & Ann Wightman, Dr. & Mrs. Charles Wilcher, Wilcon Corporation, Mr. & Mrs. David A. Williams, Mr. & Mrs. G. Tracy Williams, Mr. & Mrs. Herman Williams, Mr. & Mrs. Robert Williams, Tamika Williams, Mr. & Mrs. Gilbert P. Williamson, Dexter & Eileen Wilson, Joseph M. Wilson, Mr. & Mrs. Raymond H. Wilson, Mr. & Mrs. Stephen Wilson, Leighton K. Wingate, Mr. & Mrs. William R. Winger, Robert A. Winn, Mr. & Mrs. Frank J. Winslow, Garen L. Wisner, Dr. & Mrs. Robert T. Witty, Mr. & Mrs. Stephen A. Wolaver, Karen M. Wolf, Wilbert W. Wolf, Mr. & Mrs. Chester Wolfe, Sheri L. Wolfe- Lytle, Mr. & Mrs. Gregory A. Wolking, Dennis R. Wolters, Scott L. Wolters, Mr. & Mrs. Brian J. Wood, Walter D. & Marcia J. Wood, Jean V. Woodhull, Sara E. Woodhull, Mr. & Mrs. Steven Woyen, Jeff Wray Architects, Inc., Charles W. Wright, Mr. & Mrs. Donald Wright, Jacqueline E. Wright, Joyce E. Wright, Laura Wright, Dr. & Mrs. William R. Wright, J. Richard Wuest, Mr. & Mrs. David Wyse Y Basel Yanes, Janet A. Yarger, Mr. & Mrs. Rodney Yarger, William & Dorothy Yeck, Bob & Dorothy Yenney, Bill Yensel Scholarship Fund, YMCA of Greater <strong>Dayton</strong>, Mr. & Mrs. Randy Yoakum, Ronald E. Yoakum, John M. York, Hon. & Mrs. Frederick N. Young, Joseph Young, Lawrence E. Young, Dr. & Mrs. Melvin D. Young, Mr. & Mrs. Robert L. Young, Stephen P. Young, Youth Education Services Unlimited (YESU) Z Mr. & Mrs. Michael Zebney, Rose Ann Zerkel, Douglas G. Zimmer, Mr. & Mrs. Paul E. Zimmer, Jerry A. Zimmerman & Roger J. Rex, Mr. & Mrs. Kent Zimmerman, Demetrius C. Zonars, Mr. & Mrs. Frank E. Zorniger, Jr., Mr. & Mrs. John Zulfer, Mr. & Mrs. Jerome Zwiesler Every effort has been made to ensure the completeness and accuracy of these names, We regret any errors or omissions and request that you contact Chris Smith at (937) 225-9958 with any corrections. 74 Contributors: <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong> <strong>Report</strong> to the Community 20<strong>03</strong>-20<strong>04</strong>
Financial Highlights Much of the year ending June 30, 20<strong>04</strong>, was highlighted by recovery from what had been dismal market conditions over the preceding threeyear period. <strong>The</strong> initial charge was stimulated by a resurgence of optimism in the domestic economy. Toward the latter half of the 12-month period, some of the enthusiasm began to subside, as geopolitical, inflation and interest-rate concerns crept into our consciousness. Despite these concerns, the stock market saw double-digit growth for the one-year period ending June 30, 20<strong>04</strong>, which had a strong, positive effect on <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong>’s investment returns. Compared with the prior year, total assets of <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong>, before depreciation, rose by $20.8 million (a 9.6 percent increase) to $238 million. Total contributions to all entities of <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong> totaled $40.2 million. Grantmaking and other distributions to nonprofit organizations were $34.2 million for the year. Documented legacies (planned and deferred gifts) increased by $18 million over last year, to total $221.9 million at June 30, 20<strong>04</strong>. I am pleased to report that the independent accounting and auditing firm of Pricewaterhouse- Net Assets (Before Depreciation) 239.4 232.3 238.0 214.3 217.3 207.7 161.1 118.0 95.4 75.8 94-5 95-6 96-7 97-8 98-9 99-00 00-01 01-02 02-<strong>03</strong> <strong>03</strong>-<strong>04</strong> Grants and Charitable Distributions 12.4 18.4 23.8 12.0 37.4 36.6 36.2 31.5 39.1 34.2 94-5 95-6 96-7 97-8 98-9 99-00 00-01 01-02 02-<strong>03</strong> <strong>03</strong>-<strong>04</strong> Coopers L.L.P. has completed its fiscal year-end audit of the combined financial statements of <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong> and related entities and has issued an unqualified opinion thereon.* Fund Evaluation Group, Inc. (FEG), an independent performance measurement firm hired by <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong>, continues to monitor the <strong>Foundation</strong>’s investment managers’ performance results. FEG has taken on an ex- panded role as investment consultant and was instrumental this past year in revising the <strong>Foundation</strong>’s investment policy for even greater stability and diversification. For the fiscal year ending June 30, 20<strong>04</strong>, the composite timeweighted total return (net of fees) of assets managed in a balanced portfolio under the <strong>Foundation</strong>’s investment policy, was 12.7 percent. On behalf of <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong>, I personally would like to thank the <strong>Foundation</strong>’s donors, who have generously continued to give and make charitable commitments to the community, thereby demonstrating their ongoing commitment to the values of philanthropy. Our thanks go also to the <strong>Foundation</strong>’s Finance and Audit Committees, the investment managers and the <strong>Foundation</strong>’s Finance staff for their effort, support and advice in a challenging investment environment. * A copy of the audited financial statements may be obtained by request at 2300 Kettering Tower, <strong>Dayton</strong>, Ohio, 45423, or by calling <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong> office at (937) 222-<strong>04</strong>10 or toll free at (877) 222-<strong>04</strong>10. Laura B. Pannier, Chair, Finance Committee Financial Highlights: <strong>The</strong> <strong>Dayton</strong> <strong>Foundation</strong> <strong>Report</strong> to the Community 20<strong>03</strong>-20<strong>04</strong> 75
Change language