2008 Annual Report - The Seattle Foundation

More documents

Recommendations

Info

Donors & Contributors 3 Grantees 13 Fiscal Sponsorships 28 Financial Highlights 30 Trustees and Staff 33 Committees 34 www.seattlefoundation.org | (206) 622-2294
2008 While the 2008 financial crisis created greater needs in our community, it also gave us reason for hope. Foundation donors have risen to the challenges that face King County today by generously supporting the organizations effectively working to improve the well-being of our community. The Seattle Foundation’s commitment to building a healthy community for all King County residents remains as strong as ever. In 2008, with our donors, we granted more than $63 million to over 2000 organizations and promising initiatives in King County and beyond. Though our assets declined like most investments nationwide, The Seattle Foundation’s portfolio performed well when benchmarked against comparable endowments. In the longer term, The Seattle Foundation has outperformed portfolios comprised of traditional stocks and bonds due to prudent and responsible stewardship of charitable funds that has been the basis of our investment strategy for decades. The Seattle Foundation is also leading efforts to respond to increasing need in our community. Late last year The Seattle Foundation joined forces with the United Way of King County and other local funders to create the Building Resilience Fund—a three-year, $6 million effort to help local people who have been hardest hit by the economic downturn. Through this fund, we are bolstering the capacity of selected nonprofits to meet increasing basic needs and providing a network of services to put people on the road on self-reliance. We are also targeting more of our resources to ensure economic opportunity and educational success for all King County residents—two elements of a healthy community with the greatest potential to broadly improve overall quality of life. In 2008, The Seattle Foundation awarded four targeted grants, totaling $327,500, to connect low-income people to effective primary and postsecondary education. These went to help ensure students graduate from high school with the knowledge and skills to succeed, and provide much-needed resources to small minority-owned businesses. As we look to the future, we are confident that our community will emerge stronger and healthier than ever. As always, we remain proud and humbled to support the generosity of our donors and the good work being done in this community, our home. 2008 Annual Report
Page 1: 2008 The Seattle Foundation Annual
Page 5 and 6: Constance Frank Agnes Frevel Ina Ha
Page 7 and 8: Yvonne Twining Humber Special Proje
Page 9 and 10: Puget Sound Business Journal’s Wo
Page 11 and 12: Other Funds and Contributors The Se
Page 13 and 14: John D. Nelson Ada Nesbitt Mary C.
Page 15 and 16: Grantees that provide broad access
Page 17 and 18: 2008 Anne V. Farrell Leadership Gra
Page 19 and 20: The Arms of Jesus Children’s Miss
Page 21 and 22: Giddens School Giraffe Project Girl
Page 23 and 24: Bay Area Wilderness Training Bellev
Page 25 and 26: Hope Heart Institute Horizon House
Page 27 and 28: The Communitarian Network Communiti
Page 29 and 30: Fiscal Sponsorships Bank on Seattle
Page 31 and 32: Financial Highlights Health & Welln
Page 33 and 34: Trustees and Staff 2008 Board of Tr
Page 35 and 36: Advisory Committees 2008 Anne V. Fa

2008 Annual Report - The Seattle Foundation

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

Delete template?

Save as template?