ANNUAL REPORT 2011 - The Seattle Foundation

annual report 2011

Arts & Culturep.2Basic NeedsEconomyp.4p.6Environmentp.8A healthy communityHealth &Wellnessp.10Neighborhoods& Communitiesp.12Educationp.14

We work at the intersectionof caring and impact.Every day, we match people who want tomake a difference with nonprofit organizationsthat share their vision and have the experienceto bring that vision to life. This report offersjust a few stories of the special alchemy thatoccurs when generous spirits meet effectiveorganizations. Together, they make ourcommunities healthier and the rewards areshared by all.p.2 Arts & Culture p.4 Basic Needs p.6 Economy p.8 Environment p.10 Health & Wellnessp.12 Neighborhoods & Communities p.14 Education p.15 GiveBIG p.16 Leadership Letterp.18 Financial Highlights p.20 Trustees and Staff p.21 Committeeswww.seattlefoundation.org

Arts & CulturePhoto: alan alabastroArts & Culture COMMITTEE2011–2012Jessica CaseStaff LeadCarri CampbellSeattle PublicSchoolsCathy CasteelFundholderDwight GeeWorld JusticeProjectCathryn VandenbrinkArts Space ProjectsJan WhitsittBoard Memberand Fundholder“Most of my students have never had the opportunity to see alive ballet before. Having the ability to provide this experienceis amazing.” —kirby green, fourth-grade teacher2

arts&culturefor allThe spirit of giving: a holiday traditionTen years ago, a couple matched their passion forthe arts with a desire to bring their enthusiasm andinterest to underprivileged kids. To carry their visionto fruition, they asked for help from The Seattle Foundationto engage community organizations and schoolswith at-risk youth.Using their Donor Advised Fund, the couplesponsored an experience: Pacific Northwest Ballet’sNutcracker. The Seattle Foundation coordinated allthe logistics with community partners—from ticketsto transportation to in-school curriculum. Startingwith just one class, the program has skyrocketed.Today, these anonymous benefactors enable more than500 fourth graders in eight Seattle-area public elementaryschools to enjoy this magical holiday tradition.In 2011 Kirby Green’s fourth graders at Seattle’sHawthorne Elementary were among them. In preparationfor the performance, the class welcomed a dancerfrom Pacific Northwest Ballet to discuss Nutcracker’smusic, story and set. As a result, the students wereequipped to appreciate all the facets of the show.When the day arrived, many dressed up for theoccasion, which included exploration of the SeattleCenter, a tour of McCaw Hall, and a peek into theorchestra pit. A lucky few also enjoyed a backstagepass before the performance.“I enjoy the opportunity to take my kids to somethingmost of them have never seen before, as well asteaching them about different types of music anddance,” says Kirby. “Fourth grade is a perfect timeto expose kids to different experiences and let themformulate their own opinions and defend why they feelthat way.”Kirby admits the value of the tickets goes well beyondthe day-of performance. Stimulating classroomdiscussions were plentiful before and after the event.Students enjoyed the music, and introduction to theclassical versus jazz versions opened dialogues aboutdifferent interpretations of the same story.“Most of my students have never had the opportunityto see a live ballet before,” adds Kirby. “Having theability to provide this experience is amazing.”Every year, dozens of letters from students demonstratetheir enjoyment of the show and their gratitude for theexperience.Building on this momentum, the program has beenextended to provide the same children, now fifthgraders, with tickets to a performance at SeattleChildren’s Theatre.The Foundation’s values-based giving philosophyinspires donors to support their own passions—in thismemorable example, making art accessible.

Basic Needshelping theLaura SilvertonCommunity VolunteerPaola MarananChildren’s AlliancePaul LambrosPlymouth HousingGroupAllan BoyceCommunity VolunteerCeil EricksonStaff Leadbasic needs COMMITTEE2011–2012Unrestricted funds support changing needsWith an ever-growing mission to support those inneed in our community, it’s the kind of call thatelectrifies an organization.With no previous connection to the Foundation,self-made, eccentric millionaire Dominic Gospodor’slawyer phoned The Seattle Foundation with unexpectednews: “One Mr. Gospodor died and namedyou in his will.”A World War II veteran who built his fortuneinvesting in land in Alaska and earned notoriety asthe creator of a series of monuments along Interstate5 in southwest Washington, Dominic donatedthe bulk of his estate in support of the homeless inSeattle and Anchorage—a staggering $3 million.His longtime friend and executor of his will, AudreySchefers, describes a passionate, good-natured manwho was “generous to a fault.” According to Audrey,Dominic resolved to make a difference in the livesof people without a bite to eat or a place to laytheir heads.As a community foundation, The SeattleFoundation’s role is to address local needs andhonor our donors’ intentions. In Dominic’s case, healways knew what he wanted to do with his money,which aligns with the Foundation’s key basic needsstrategies of preventing homelessness, increasingaffordable housing, and increasing access tonutritious food.Dominic’s generous endowment allows theFoundation to allocate annual support to organizationsnamed in his will, as well as support theFoundation’s Basic Needs Grantmaking Programin King County, and the Alaska CommunityFoundation’s work to provide support to homelesspeople in Anchorage.“This type of gift is so important because homelessnessis a huge issue in this community,” says CeilErickson, Director of Grantmaking at The SeattleFoundation. “Having unrestricted funds enables usto respond to organizations working to eliminatehomelessness. This kind of work is what theFoundation is all about.”A devoted Catholic, Dominic invested in manyimprovements to an Anchorage church, includingerecting a copper dome. This project fermented hisinterest in metal arts, and he subsequently built theeye-catching towering monuments in Washington.After his death, the land and monuments weredonated to the Cowlitz Indian Tribe for cultural andhistorical uses.Among Dominic’s prized possessions was his Tytantractor. In carrying out his final wishes, Audrey saysit would have “thrilled him” to know the tractorwas gifted to Seattle Tilth to help the nonprofitgrow food, often donated to local food banks—yetanother avenue for Dominic’s impactful legacy tocontinue serving the homeless in our community.4

homelessDominic Gospodor is remembered as a passionate, good-natured manwho was “generous to a fault.” He resolved to make a difference in thelives of people without a bite to eat or a place to lay their heads.www.seattlefoundation.org

EconomyPhoto: Scott areman“This was the most rigorous work and school schedule I’d ever had, and it put things intoperspective. It helped me further clarify what I wanted to do and who I wanted to be in my life.”—drew gipson, sharepoint technician, jts manage services and skillup student6

on the jobEarning a degree, on-the-job experienceand a paycheckNow 21, Drew Gipson admits to having a “skewedmentality” as a teenager where school wasn’t apriority. But an opportunity Drew calls “a fork in theroad” enabled him to earn a credential, maneuveringthe path to a job paying a living wage.While working as a SharePoint Technician at JTSManage Services, Drew’s supervisor introduced himto a program through SkillUp Washington tailoredfor young working adults. This program enabledDrew, in less than one year, to obtain a BusinessInformation Tech (BIT) certificate, while continuingto develop his skills at JTS.The Seattle Foundation brought together publicand private funders and created SkillUp Washingtonto offer access to education and training andcreate career opportunities for low-income workerslike Drew.The program covered most of Drew’s tuition as wellas supplies and a bus pass, alleviating the strainof a lengthy commute. Beyond a certificate, Drewacknowledges he gained deeper self-awareness andconfidence, along with important business skills.“This was the most rigorous work and schoolschedule I’d ever had, and it put things into perspective,”says Drew. “It helped me further clarify what Iwanted to do and who I wanted to be in my life.”“We understood the workforce of tomorrow was inthe workforce today, and we needed to address theproblem at a systems level,” says Michael Brown,Vice President, Community Leadership at TheSeattle Foundation. “Employers in key sectors ofthe economy including health, manufacturing andtechnology were struggling to find employees withqualifications to step into mid-level jobs, while lowincomeworkers lacked the skills and education toget those jobs.”To bridge the gap, SkillUp Washington partneredwith a number of King County community collegesto develop credentialed programs, combined withcondensed curriculums for these workers; the flexibilityallowed Drew to complete his courseworkwhile working full time.As he looks to the future, Drew plans to continuehis undergraduate education at Seattle Universityand participate in the ROTC, while working for JTS.He wants to join the Army’s military intelligenceunit, which will help pave the way for his career indefense intelligence.Drew’s visions are being realized, in part, becauseof collective action. Funders catalyzing programslike SkillUp Washington are creating significant,long-term economic impact in our community—onestudent at a time.Tay YoshitaniBoard MemberSue TaokaCraft 3Brian SurrattCity of SeattleDave SieminskiExpress AdvantageLee LambertShorelineCommunity CollegeDiana DollarBurst for ProsperityMichael BrownStaff Leadeconomy COMMITTEE2011–2012www.seattlefoundation.org

Environmentfrom peaks toEnvironment COMMITTEE2011–2012Jessica CaseStaff LeadPam Fujita-YuhasNorthwest Fund forthe EnvironmentNan McKayCommunityVolunteerCraig McKibbenFundholderLinda ParkFundholder andBoard MemberSavitha R. PathiClimate SolutionsElizabeth WoodcockCommunity Volunteer8

watershedPhoto: Scott aremanlove of nature and commitmentto its protection comes naturallyOver the last decade, The Seattle Foundation has focused more attentionand funds in support of the environment. The result is a more significantbenefactor of local environmental agencies.Key to this shift are Maggie Walker, Board Chair of The Seattle Foundation,and her husband, Doug. More than 40 years ago, Maggie and Doug,an avid outdoorsman, moved to Seattle partly based on the wildernessand gorgeous landscape. Maggie asserts their support for the environmentis “a natural outgrowth of who we are.”The Walkers are engaged community leaders and active board membersfor a number of nonprofits. Through The Seattle Foundation, theycreated the Walker Family Foundation to support local organizationswith an affinity for arts, education and environmental causes.They have further aligned their efforts in support of nonprofits whosemission is to engage the next generation with the great outdoors, to fostera love of the natural world.According to Maggie, as more children grow up in cities, it has becomevital to create experiences for them to connect with nature. “This is aconvergence of our interests and a perceived need in the philanthropicenvironment,” she affirms. “Experiencing nature is essential to transmittinga sense of values and the importance of conservation.”“Experiencing nature is essential to transmitting a sense of values and the importanceof conservation.” —Maggie Walker, walker family foundation, Board Chair of The Seattle Foundationwww.seattlefoundation.org

Health &WellnessCeil EricksonStaff Leadhealth & wellnessCOMMITTEE 2011–2012Rhonda BerryKing CountyAllan BoyceCommunityVolunteerJoseph GaffneyBoard MemberNora GibsonFull Life CareMichael HeinischKent Youth andFamily ServicesRobin RotheFundholder“The new center allows us to increase services to our oftenmarginalized clients—at-risk and very low-income children,youth, families and adults of all ages and backgrounds—andhelp them reach their greatest potential for self-sufficiency.”—David M. Johnson, Ed.D., Chief Executive Officer of Navos10

caring forcommunityOur greatest potential for healthand self-sufficiencyThe Seattle Foundation’s role is to respond tocommunity needs, and arguably nowhere are the needsgreater or more diverse than in the area of health andwellness.Assistance encompasses support for community healthclinics and services for the disabled, senior citizens,victims of domestic violence, and those with chemicaldependencies or mental health issues.To care for these vulnerable populations, theFoundation uses unrestricted funds, supplementedby support from our fundholders. A number ofanonymous fundholders actively partner with us tofund grant applications for which we do not haveadequate resources. The Seattle Foundation helpsdonors identify new organizations and promisingproposals that merit assistance.One such organization is Navos, a community healthclinic. With generous support from the Foundationand its fundholders, Navos recently completed a newmental health and wellness center in South KingCounty, home to some of the most diverse and economicallychallenged communities in our region.“The new center allows us to increase services to ouroften marginalized clients—at-risk and very lowincomechildren, youth, families and adults of all agesand backgrounds—and help them reach their greatestpotential for self-sufficiency,” says David M. Johnson,Ed.D., Chief Executive Officer of Navos.Providing direct services to those who struggle mostin our community is an area particularly meaningfulfor one donor. In acknowledging our invaluablerole as advisors to our fundholders, this contributorsays, “The Seattle Foundation serves as a filteringmechanism for the many possibilities for giving. Asa result of their in-depth, first-hand knowledge ofcommunity organizations, we trust their judgment.”www.seattlefoundation.org

Neighborhoods& CommunitiesworkingtogetherDinah WilsonCity of KentTony ToHomeSightAllan R. PaulsonFundholderLinda ParkFundholder andBoard MemberAlice ItoMarguerite CaseyFoundationJennifer MartinStaff Leadneighborhoods &communities COMMITTEE2011–2012small grants make a big difference inneighbors’ hands“Stronger together” is how one funder simply definedthe collaborative Neighbor to Neighbor program.Each year, the Neighbor to Neighbor Small GrantsProgram awards approximately $200,000 in small grantsto resident-led groups that build community capacityand relationships within and across high-need areas inKing County.To provide this targeted neighborhood grants program,The Seattle Foundation looked to philanthropicpartners ready to invest in organizations aligned withincreasing civic engagement and action, to addresscritical community needs.The strength of the partnership is built on a learningcollaborative where members listen and learn aboutcommunity needs. They work together to supportgrassroots groups in low-income communities and communitiesof color that organize residents and developlocal leadership to solve neighborhood problems. A mixof partners, including corporations, family foundationsand individual donors, leverage a cross-section of ideasand resources in support of nonprofits serving thesecommunities.One corporate funder, The Boeing Company, has beena long-standing Neighbor to Neighbor partner, withcorporate citizenship at the heart of the company’svalue system.“Boeing understands the changing face of Seattle, andengages in all communities where we do business andwhere our employees live and work,” says Huong T. Vu,Community Investor, Arts, Culture & Civic at TheBoeing Company. “The Neighbor to Neighbor programenables us to respond in a thoughtful and meaningfulway to communities that have limited access to mainstreamfunds.”Given the continuous influx of immigrants to WesternWashington, priority funding is for grassroots organizationsthat support immigrant and refugee groups. In2011 Somali Youth and Family Club was awarded asmall grant to fund the creation of a parent and youthleadership development program. The organization’sprogramming focuses on education, social services andrecreation to foster connections within the communityand broader civic integration.Neighbor to Neighbor coaches nonprofits throughthe grantmaking process, connecting them to otherresources and enabling traction for future funding. Formany, this is the first time they’ve applied for a grant.“The key piece of the puzzle is access,” says JenniferMartin, Senior Officer, Grantmaking and CommunityLeadership at The Seattle Foundation. “Neighbor toNeighbor opens doors to funding and brings to lightgreat work often overlooked by many funders.”12

“The Neighbor to Neighbor program enables us to respond in a thoughtful andmeaningful way to communities that have limited access to mainstream funds.”—Huong T. Vu, Community Investor, Arts, Culture & Civic, The Boeing Companywww.seattlefoundation.org

Educationa boost for struggling studentsGrace YuanBoard MemberKevin WashingtonBoard MemberJohn WarnerFundholderA powerful alliance between The Seattle Foundationand the Raikes Foundation evolved from ashared interest in and commitment to supportinglow-income, at-risk youth in middle grades. It’s alsoa perfect model of a strategic partnership between acommunity foundation and a private foundation.As young people transition to middle school, somebegin to disengage and slip academically. Thisdisillusionment is often the first step to becoming ahigh-school dropout. In an effort to circumvent thisgrowing problem, The Seattle Foundation createdits first major multi-year education investment toexpand after-school programs for struggling middleschoolstudents.The five-year commitment provides significantfunding to expand after-school programs in theHighline School District. In addition to programsupport, the investment promotes strong partnershipsbetween school districts and communityproviders. More intentional, intensive collaborationsbetween these entities enable both to broadentheir capacity in support of vulnerable students.“The goal is to expand the after-school programto achieve better academic, social and emotionaloutcomes, as well as make the transition moreseamless between grade school and middle school,”says Erin Kahn, Executive Director of the RaikesFoundation.Highline’s programs are intertwined to artfullyweave together academic supports, leadershipskills and enrichment activities that help childrenexplore their interests. As with The Seattle Foundation’sother collaborative efforts, this partnershipwith the Raikes Foundation improves outcomes foryouth and helps us all discover better ways to helpall kids be successful in school.Trise MooreFederal WaySchool DistrictJanet BlanfordSeattle SchoolDistricteducation“The goal is to expand the after-school program to achieve betteracademic, social and emotional outcomes, as well as make thetransition more seamless between grade school and middle school.”– Erin Kahn, Executive Director, the Raikes Foundationeducation COMMITTEE2011–2012Caroline MaillardStaff LeadLibby ArmintroutBoard Member14

GiveBIG Makes historyOn June 23, 2011, The Seattle Foundation inauguratedwhat’s being called the biggest single day ofcharitable giving in King County history—the aptlynamed GiveBIG. In just 17 hours, 18,800 donationstotaling more than $3.5 million were made to over900 nonprofit organizations.This one-day, online charitable giving challengerallied the community around giving and helpedorganizations large and small find new supportersand needed resources. To sweeten the offer, TheSeattle Foundation and GiveBIG sponsors created a$500,000 pool, to match a share of every contributionmade to nonprofits through The Seattle Foundation’swebsite.A partnership with Seattle Sounders FC reached tensof thousands of fans through SoundersFC.com andpromotions during the Sounders vs. NY Red Bullsmatch. In addition, The Seattle Times Company,KING 5 Television, 97.3 KIRO FM, 710 ESPNSeattle, 770 KTTH and MyNorthwest.com spreadthe word as GiveBIG media partners.Seattle Magazine named GiveBIG 2011 the “best useof social media,” and for good reason. In the daysleading up to and on GiveBIG day, the Foundationand hundreds of nonprofits used Twitter andFacebook to remind and encourage their supportersto make donations. Friends and supporters likewisereached out to their networks to ask for donations totheir favorite causes. Neighborhoods even challengedeach other over who could be more generous.It wouldn’t have been possible without theincredible support of our 2011 sponsors:Presenting partnerslead sponsorssupportersTom and Sonya CampionDavis Wright TremaineLease Crutcher LewisSafeco InsuranceJohn Stanton and TheresaGillepsieSwedish Medical CenterBob and Juanita WattWells FargoClark Nuber P.S.Colonial ConsultingDaniels Real EstateDeloitte, Dorsey & Whitney LLPK&L GatesNorman and Constance RiceVirginia Mason Medical Centerwww.seattlefoundation.org

letter fromleadershipDear Fundholder:To say 2011 was a “big” year for The SeattleFoundation is more than an understatement. In fact,it’s rather ironic that the year we launched “GiveBIG”yielded so many other big results from our fundholdersand our organization through shared efforts to build ahealthy community.It was a year that witnessed the enduring yet evolvingrole of a community foundation as a catalyst for giving.On individual, family, corporate and community-widelevels, The Seattle Foundation is a partner in powerfuland rewarding philanthropy to make King County astronger, more vibrant place for all.Record GrantsTo begin, our fundholders distributed a record amountin grants. Fundholders donated more than $59.5million to support causes locally, nationally andinternationally. This amount exceeds 2010’s grants by$7.4 million. This growth, particularly in an uncertaineconomy, is a wonderful testament to their generosity.The Seattle Foundation’s discretionary grantmakingutilizes funds entrusted to us, primarily throughbequests and partnering with fundholders, to supportcommunity needs. In 2011, we invested $4.4 million ingrants across the Healthy Community spectrum, withspecial focus on the areas of education and economicopportunity. Through funding and leadership, wecontinue as a partner in numerous new endeavorsaiming to strengthen opportunity for all along the“cradle to career” journey. These include nurturing thedevelopment of the Community Center for EducationResults and support for SkillUp, a nonprofit thathelps low-income working adults get training andaccreditations to boost their earning power in highdemandfields.GiveBIGWith the launch of our robust, information-richwebsite in 2010, we recognized the opportunity tomore broadly share our mission and extend our workbeyond the circle of our fundholders. What emergedfrom this thinking was the bold new effort we call“GiveBIG.”Held on June 23, GiveBIG is a one-day, online eventin which residents of King County make donations tolocal nonprofits through www.seattlefoundation.org—and a share of every contribution is matched witha “stretch pool” of funds provided by The SeattleFoundation and local companies and individuals.The results of GiveBIG were, indeed, big! GiveBIG2011 raised $3.6 million that leveraged the $500,000stretch pool. People made nearly 19,000 individualgifts during the 17-hour day of giving. Fueled bygrassroots support and online communications,GiveBIG was named “Best Use of Social Media” for2011 by Seattle Magazine. Thank you to everyone whocontributed, sponsored, tweeted and posted to makeJune 23, 2011 the biggest day of charitable giving inKing County history.16

maggie walkerPhoto by scott aremanNorman B. RicePhoto by Carl MurrayInvestment Performance2011 proved to be a difficult year for investmentportfolios, including The Seattle Foundation’s, asthe equity markets collectively lost ground. Whilelarge U.S. companies’ stocks were slightly positive, allother equity segments had negative performance. Inspite of these results, the Balanced Pool protectedcapital as much as possible, declining 2.3% on theyear. The downside was mitigated through broaddiversification in the portfolio that includes exposureto multiple equity, fixed income and alternative assetsegments. For a longer view, the Foundation’s threeyearperformance ending December 31, 2011 (net of allfees) yielded nearly 10 percent per year, significantlyexceeding the long-term target objective (inflationplus spending rates) by more than 3 percent.The Investment Committee and the Foundation’sconsultant, Colonial Consulting, have been workingto reduce exposure to the alternative asset classover the past three years. While alternatives havehistorically been additive to the portfolio, theFoundation is seeking opportunities to reallocateassets on an opportunistic basis.2011 saw a reduction in the Foundation’s total assets,from $663 million to $621 million. This is drivenby several factors, namely market performance andunusually high payout activity. Asset growth and therecruitment of new fundholders is a priority for theFoundation and we’ve significantly intensified ouroutreach efforts in 2012.Board of Trustees2011 saw the end of Bob Watt’s 13-year tenure on TheSeattle Foundation’s Board of Trustees. A very wellrespectedand knowledgeable community leader, Bobserved on our board from 1999 to 2012 including twoyears as chair. We gratefully acknowledge Bob’s longdedication to the Foundation and his leadership inadvancing our Healthy Community framework.An additional four directors completed their termson the board: Bill Lewis, Carolyn Kelly, Tom Albergand Don Nielsen. Thank you to all of them for theirexceptional service to the Foundation.In 2011 as in every year, the biggest impact we madeis in matching people who want to make a differencewith nonprofit organizations that share their visionand have the experience to bring it to life. Thisreport celebrates the special alchemy The SeattleFoundation ignites when generous spirits and effectiveorganizations come together to make our communitya stronger, more vibrant place for all.Thank you for the opportunity to be your partner inphilanthropy.Sincerely,Maggie WalkerChair, Board of TrusteesNorman B. RicePresident & CEOwww.seattlefoundation.org

financialhighlightsannualized returnsThe Seattle Foundation Diversified Fund9.9%9.3%Morningstar Moderate Allocationactual assetallocation(at Year-End)Domestic Equity 26%5.2% 5.1%6.6%4.9%InternationalEquity 18%1 YEAR-2.1%-0.2%1.3%1.9%3 YEARS 5 YEARS 10 YEARS 15 YEARS(annualized) (annualized) (annualized) (annualized)Alternatives 41%Fixed Income/Cash 15%Target Assets Allocation(select years 1999–2011)654765476547658765Multi-strategy 10%Hedged Equity 5%Private Equity 10%33344Real Estate 8%222333Real Return 8%2221111111999 2001 2005 2007 2009 Current1 Domestic Equity3 Fixed Income / Cash5 Hedged Equity7 Real Estate2 International Equity4 Multi-strategy6 Private Equity8 Real Return18

2011 grantmakingprogram distribution(by program area)Neighborhoods &Communities 20%Health & Wellness 18%Environment 10%Arts & Culture 12%Education 22%Basic Needs 13%Economy 5%Investment ManagersAberdeen Asset ManagementAlcion VenturesArtio Global InvestorsArtisan PartnersAurora Investment ManagementAxiom InternationalBay Resource PartnersBNY/MellonBrookside CapitalCalvert GroupCanyon CapitalColchester GlobalCommonfund CapitalCramer Rosenthal McGlynnDenham CapitalDreyfusEagle CapitalFLAG Capital ManagementForester CapitalGoldman Sachs & Co./WhitehallHarbourvestINVESCO Private CapitalMarathon Asset ManagementMason CapitalMondrian PartnersMorgan StanleyNorthern TrustNorthgate CapitalOaktree Capital ManagementOwl Creek PartnersPark Street CapitalPIMCOPlatte River CapitalRCG LongviewRCP AdvisorsRegiment CapitalRREEFSeix AdvisorsSilchester InternationalTIFFTygh Capital ManagementVanguardVarde CapitalWellingtonWest River CapitalWrightwood CapitalTotal Grants Approved 2011Community and Area of Interest Funds ....$6,224,847Donor Advised and Scholarship Funds ....$35,949,229Designated Funds ...................$6,519,994Supporting Organizations ............$10,879,997Total .................... $59,574,067investment advisorColonial ConsultingGifts and Grants (in millions)$120$100$80$60$40$20$020112010200920082007200620052004200320022001www.seattlefoundation.org

Trusteesand Staff2011 Boardof TrusteesMaggie Walker, ChairMartha Choe, 1st Vice-ChairBrad Smith, 2nd Vice-ChairSusan G. Duffy, SecretaryPete Shimer, TreasurerBob Watt, Past ChairLibby ArmintroutFraser BlackNathaniel “Buster” BrownKevin DanielsSteve DavisJean EnersenJoseph M. GaffneyMark GibsonGary S. Kaplan, M.D.Linda Park, Ph.D.Mary PughJohn StantonKevin C. WashingtonAnn WatsonJan WhitsittJames F. WilliamsTay YoshitaniGrace T. Yuan2011 StaffNorman B. RicePresident & CEOJeffrey Rudd, CPAChief Financial OfficerJared WatsonSenior Vice PresidentGabe AeschlimanPhilanthropic AdvisorMichael BrownVice President, Community LeadershipLori ByrneGrantmaking & Community Leadership AssociateJessica CaseGrantmaking & Community Leadership OfficerCherlyn CloyPhilanthropic Services AssociateAllison EltrichGrantmaking & Community Leadership AssociateCeil EricksonDirector of GrantmakingShannon FloraPhilanthropic AdvisorKaren GreenAssistant to the President & CEOJan HarmanDatabase ManagerJennifer HealyAccountantKereen Holmquist, CPAController/Director of FinanceJessica LawrenceReceptionist/Administrative AssistantCaroline MaillardSenior Officer, Grantmaking &Community LeadershipJennifer MartinSenior Officer, Grantmaking &Community LeadershipTom McIntireWebmasterAllison ParkerSenior Philanthropic AdvisorTravis PetersenPhilathropic Services AssociateBarbara PetersonOffice ManagerBrent PontonGrants AdministratorDebbie PotterDirector of Information ServicesAaron RobertsonGrantmaking & Community Leadership AssociateMary Grace RoskeVice President, CommunicationsHana RubinOnline Content ManagerMonica SalazarPhilanthropic Services AssociateJennifer SorensenSenior Finance OfficerKathy SparkmanPhilanthropic AdvisorBill SperlingVice President, Foundation AffairsChristine UnderwoodGrantmaking & Community Leadership AssociateTerry WittmanExecutive Assistant to the President & CEOKim WrightDirector of Philathropic ServicesFor a list of organizations that received grants from The Seattle Foundation, a list of The Seattle Foundation fundholders, fiscal sponsorships,and other affiliated organizations, please visit www.seattlefoundation.org/aboutus/annualreport.20

Committees2011 StandingCommitteesAcceptanceNathaniel “Buster” BrownJoseph M. GaffneyAuditJames Williams, ChairMark GibsonPete ShimerDevelopmentMartha Choe, ChairKevin DanielsJean EnersenKate Janeway, Community RepresentativeBill Lewis, Community RepresentativeDon Nielsen, Community RepresentativeExecutiveMaggie Walker, ChairMartha Choe, 1st Vice-ChairBrad Smith, 2nd Vice-ChairSusan G. Duffy, SecretaryBob Watt, Past ChairPete Shimer, TreasurerLibby ArmintroutMary PughKevin WashingtonFinance and BudgetPete Shimer, ChairNathaniel “Buster” BrownMark GibsonAnn WatsonGrants & Community LeadershipLibby Armintrout, Co-ChairKevin C. Washington, Co-ChairLinda Park, Ph.D.Jan WhitsittTay YoshitaniGrace T. YuanInvestmentMary Pugh, ChairJohn StantonTom Alberg, Community RepresentativeMaud Daudon, Community RepresentativeAlan Heuberger, Community RepresentativeStan McCammon, Community RepresentativeDan Regis, Community RepresentativeNominationsBob Watt, ChairLibby ArmintroutMartha ChoeMaggie WalkerJames WilliamsScholarshipNathaniel “Buster” BrownJean EnersenJoseph M. Gaffney2011 AdvisoryCommitteesMedical FundsDr. Gary S. Kaplan, MD, ChairDr. Janis Abkowits, MDDr. Benjamin Danielson, MDDr. Craig E. Rubens, MD, PhDDr. Gerald R. Smith, PhD, B.S.Dr. Alvin J. Thompson, MD, M.A.C.P.Scholarship SelectionRichard W. AbramsMarilyn AndersonDean BrooksKathy EliasAlvin J. Thompson, MD, MACPLorraine TolyIna G. TateuchiKay CalhounSandra HanowerJohn J. WaggonerGregory SmithCharles G. NordhoffIrene S. ShigakiProfessional Advisors CouncilMichael D. CarricoJudy CourshonJanis A. CunninghamTimothy FriedrichsenWendy S. GoffeBeth McCawCynthia H. PetrieJohn Sherwood, JrLuke Thomas2011 Youth Grantmaking BoardClaire AndersonLaura BrindleyHannah CalasCaroline CondiottyPatrick CorryCaitlin CourshonTeresa CoveyTrey CranneyEmma DorlandNick FordReid FurubayashiLauren HallgrimsonPriyanka JainAdina KatzLogan KerrJames LandefeldMcKinley NicosiaBrady WakayamaJulia Whatleywww.seattlefoundation.org

1200 Fifth Avenue, Suite 1300, Seattle, WA 98101tel (206) 622-2294 fax (206) 622-7673www.seattlefoundation.org