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Our "Adventures in Philanthropy" blog posts are written by our staff and diverse membership and offer a glimpse into the world of philanthropy, presenting current issues and information relevant to funders, policymakers, members of the media, and those interested in current issues and giving trends.

 

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Baltimore Neighborhood Collaborative - 18 Years of Impact

Posted By Ann Sherrill, Monday, July 28, 2014
Updated: Monday, July 28, 2014
July 28, 2014
 
By Ann Sherrill, Baltimore Neighborhood Collaborative
 
Following 18 years of pooled funding and strategic grantmaking for neighborhood revitalization, I am proud that the Baltimore Neighborhood Collaborative (BNC) has successfully concluded its operation and transitioned its work to partner organizations and an ongoing Neighborhood and Community Development Affinity Group within ABAG.

BNC contributed significantly to efforts to revitalize the city and its neighborhoods. With participation from 45 local and national funders, BNC awarded more than $8.3 million to strengthen community groups, foster citywide discussion, fund policy research, and to launch new programs.
 
BNC generated action on a range of issues including resident engagement strategies, strengthening the city’s "middle” market neighborhoods, sustainable homeownership, foreclosure prevention, and transit-centered community development.

In its wind down, BNC awarded nearly $200,000 in grants and training funds to support long standing grantee partners and assistance to counseling agencies. In the first six months of 2014, the collective result is:
  • 300 households avoiding foreclosure
  • 190 home purchases
  • Nine façade improvements on commercial corridors
  • 31 new housing units with another 40 in the pipeline
  • Over 100 events and small block improvement projects. .
  • Continued progress and investment in Central Baltimore, including the start of construction at The Centre at 10 E. North Avenue
BNC also helped the Baltimore Homeownership Preservation Coalition transfer the host role to the Maryland Consumer Rights Coalition.

BNC’s impact can be felt in communities across the city from Reservoir Hill to Greenmount West to Belair-Edison. Its legacy will continue through the new affinity group, and through the nonprofit organizations, partnerships and initiatives it helped nurture and sustain.
 
My thanks to the many ABAG members who participated in BNC these past 18 years!
 
You can learn more about BNC's impact on the BNC website at www.bncbaltimore.org

Tags:  Adventures in Philanthropy  Baltimore Neighborhood Collaborative  BNC  July/August 2014 Members' Memo 

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ABAG's Colleague Directory Connects Members Year Round

Posted By Kim Snipes, Monday, July 28, 2014
Updated: Monday, July 28, 2014
July 28, 2014
 
By Kim Snipes, ABAG Member Information and Operations Manager
 
Summer is in full swing here at 2 East Read Street. We are moving through our supplies of Diet Coke and Pepperidge Farm Cookies a bit slower than usual, but what doesn’t change is the interest among ABAG members to connect with one another. Given the business of this time of year, we want to highlight the release of the updated ABAG Colleague Directory that we emailed to members in June.

Members tell us one of the most valuable benefits of ABAG membership is their relationships with fellow members - the philanthropy network. We also know that ABAG Members depend on one another for inspiration, advice and lessons-learned, collaboration opportunities and grantmaking expertise.

To facilitate this relationship building, the Directory contains the missions and areas of interest, as well as contact information, for our entire membership. The back pages feature a unique First Name directory to help you identify a colleague. The Directory is also your reference for all-things ABAG, including information on our staff and board, affinity groups and projects, member benefits, and the policies that guide your association.

For the first time, the Colleague Directory is an Adobe PDF file. In keeping with our core values, to be forward thinking and forthright stewards, it was time to go digital and to reduce paper and publishing expense. Please note that as the Colleague Directory contains many private addresses and phone numbers, this information is for member use only and is not to be shared with grantseekers or non-members.

Public information for grantseekers, as designated by members, about grant guidelines and processes is available through the ABAG Membership Directory, also accessed online at www.abagrantmakers.org.

ABAG members should contact Kim Snipes (ksnipes@abagrantmakers.org) for access to the Colleague Directory.

 Attached Thumbnails:

Tags:  Adventures in Philanthropy  Colleague Directory  July/August 2014 Members' Memo 

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Mayor Rawlings-Blake Meets With ABAG Members

Posted By Adam Donaldson, Monday, July 28, 2014
Updated: Monday, July 28, 2014

July 28, 2014

By Adam Donaldson, ABAG Member Services Director 

On Thursday, July 25, 2014, Baltimore Mayor Stephanie Rawlings-Blake joined members of the Association of Baltimore Area Grantmakers for a recurring conversation on "a shared vision for the city.”

The Mayor named five priorities to achieve her goal to grow Baltimore by 10,000 families "by attracting new residents and making the decision easy for current residents to stay.”

  1. Make Baltimore safer
  2. Get our fiscal house in order
  3. Create jobs and access to jobs
  4. Develop clean and healthy communities
  5. Improve schools

This is the third time ABAG members met with Mayor Rawlings-Blake. ABAG regularly invites public leaders and agents from all levels of government to meet with members as part our public policy work. We think about public policy less often as legislative activity and more often as sharing strategies and aligning work between government and philanthropyto build stronger communities. As the Mayor said Thursday, "We live in a world where we have to be efficient and effective with our resources.” That starts with engaging partners.

In addressing particular areas where philanthropy can help right now through funding and expertise, the Mayor spent time detailing Youth Connection Centers, Job Readiness, and INSPIRE - community engagement in school construction.

Youth Connection Centers 

Under a new curfew law that has supporters and critics, children under 14 must be off the street at 9:00PM. Children 14 to 16 are able to stay out until 10:00PM on school nights and 11 p.m. on weekends and over the summer. Under existing law in place for two decades but not always enforced, all children and teens younger than 17 could stay out until 11:00PM on weeknights and until midnight on weekends. Found children will be escorted to Youth Connection Centers. There are currently two located in East and West Baltimore with plans to create nine. The parents or guardians face a fine of $500, but the fine can be waived if the family participates in social services. The stated goal is not criminal punishment but rather to connect families to needed help. Investments in family services and the Centers are welcome. Read more in this Sun Article

Job Readiness

The Mayor highlighted recent job growth. To access jobs, she emphasized, Baltimore residents from distressed communities need additional support with remedial education, job credentials and certifications, and soft skills (time management, accepting feedback, etc). ABAG projects the Baltimore Workforce Funders Collaborative (BWFC) and Baltimore Integration Partnership (BIP) are among efforts underway in job readiness.

INSPIRE Program

Through the 21st Century School Initiative $1.1 Billion will be invested to renovate or replace approximately 30 Baltimore Schools. The Planning Department has begun developing a planning program for the neighborhoods around each of the new/renovated schools (quarter mile radius). The program is called INSPIRE, which stands for Investing in Neighborhoods and Schools to Promote Improvement, Revitalization, and Excellence. The challenge before the Planning Department is that not all neighborhoods have equal capacity to participate in a planning process. There is need to build and strengthen neighborhood associations and support community organizing.

ABAG members in their turn highlighted priorities through questions to the Mayor. These included exchanges on:

  1. Journey Home Plan and youth homelessness;
  2. Role of anchor hospitals and universities;
  3. Infrastructure improvements including a public advisory group for the newly implemented storm water utility;
  4. Healthy food access;
  5. Vacant lots and Growing Green Initiative;
  6. Affordable housing;
  7. Office of Immigrant and Multicultural Affairs;
  8. and trash.

The number of topics and concerns did feel overwhelming. As time ran out with a dozen raised hands, it also felt great to be surrounded by institutions and people wanting to help. And the Mayor concluded there is "more to do; more to do.”

Tags:  Adventures in Philanthropy  Baltimore Integration Partnership  Baltimore Workforce Funders Collaborative  July/August 2014 Members' Memo  Mayor Stephanie Rawlings Blake  Public Policy 

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Report Shows Growth for Community Foundations: Maryland Community Foundation Association Members Make Top 100 Lists

Posted By Tamara Zavislan, Thursday, July 24, 2014
Updated: Tuesday, July 29, 2014

July 24, 2014

By Tamara Zavislan, Executive Director, Community Foundation of Harford County and Steering Committee Member, Maryland Community Foundation Association (MCFA)

The Chronicle of Philanthropy reports that due to a high-flying stock market and an influx of gifts, community foundations’ total assets climbed to a record $66 Billion in 2013, up from $58 Billion the previous year, according to the most recent report on community foundations, published by CF Insights and the Council on Foundations.

The report is based on survey responses from 285 community funds that represent more than 90 percent of assets estimated to be under the control of community foundations in the US.

Highlights from the study include:

  • The field’s assets, gifts, and grants are at an all-time high - $66B in assets, $7.5B in gifts, and $4.9B in grants.
  • Virtually all Columbus Survey participants experienced asset growth.
  • Donor advised funds continue to be an important source of contributions for communities.

Two Maryland Community Foundation members made the list of the Top 100 Community Foundations by Assets:

  • #45 - The Community Foundation for the National Capital Region - $334,979,789
  • #89 - Baltimore Community Foundation - $161,062,393

In addition the Baltimore Community Foundation,Community Foundation of Frederick County and the Community Foundation of the National Capital Region made the Community Foundation Benchmarks Top 100 Lists.

This report provides data that is important to our field to assist us in understanding the growth in grantmaking as well as community investment both in Maryland and across the country. Having several of the 14 community foundations that serve Maryland highlighted in the report shows the generosity of communities in our state, and the important leadership role that Maryland’s Community Foundations play.

This past year, the 14 community foundations that serve Maryland and comprise the Maryland Community Foundation Association, held over $795 million in charitable assets and donated $138 million to local communities.

This year marks the 100th anniversary of the nation’s first community foundation, the Cleveland Foundation, and community foundations around the country are celebrating the impact of the first century of community philanthropy and looking ahead to the next 100 years.  The Maryland chapter of the Association of Fundraising Professionals announced for this anniversary it will present a Special Recognition Award to Maryland’s Community Foundations on National Philanthropy Day, November 14th. You can follow more centennial news at #CF100 on Facebook and Twitter and on the Council on Foundations website.  

For more information contact Adam Donaldson, Maryland Community Foundation Association at the Association of Baltimore Area Grantmakersadonaldson@abagrantmakers.org, 410-727-1205 or visit: www.mdcommunityfoundations.org

 Attached Thumbnails:

Tags:  #CF100  Adventures in Philanthropy  Community Foundations  July/August 2014 Members' Memo  Maryland Community Foundation Association  MCFA 

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Are You Prepared for a Disaster?

Posted By Elisabeth Hyleck, Thursday, July 24, 2014
Updated: Thursday, July 24, 2014

July 24, 2014

By Elisabeth Hyleck, ABAG Programs and Initiatives Director 

As summer heats up, so does the hurricane season. With the possibility of disaster striking, we are reminded how important it is to prepare well in advance for emergencies and to review our disaster preparedness plans.

Not only does the Association of Baltimore Area Grantmakers support the coordination and education of the Baltimore-area philanthropic sector to effectively prepare for, respond to, and recover from a major local disaster, but ABAG encourages all our staff, member organizations and their staffs to be prepared themselves.

Simply put, we encourage everyone to get a kit, make a plan, and be informed.

We encourage and support ABAG staff and members to have a family emergency kit and plan. This increases the likelihood that individuals and their families can cope with the disaster without outside help and maximizes the ability to quickly bounce back. In fact, I believe basic preparedness can build the resiliency of all Marylanders during many times of crisis.

What's in a good plan?

A good emergency plan should include (but is not limited to) the following:

  • A printed list of key contact numbers for each family member and loved one;
  • A strategy for reuniting family members, including an out-of-state telephone number, which family members can use to contact each other if local lines are overloaded;
  • Escape routes from home;
  • Inventory of key personal financial and legal records; and
  • A kit of supplies to get you through the first 72 hours after an emergency.

Many available resources

What will you do if your office is flooded? If your server goes down? Do your staff members know what to do if authorities instruct you to shelter in place?

No one, especially your clients, customers, or in the case of foundations, your grantees, wants your services to be disrupted. Like insurance policies, emergency plans are a critical component of an organization's operations. Luckily, there are many tools available to assist in developing a plan.

For information about preparing your family, home and work, visit redcross.org/beredcrossready or ready.gov.

ABAG members can visit ABAG’s webpage for Disaster Preparedness for tools specific for ABAG members, including an Emergency Plan Template, which is intended to communicate your organization's policies and procedures to be followed during an emergency situation.

Another template of a Disaster Preparedness and Recovery Plan is available from the Council on Foundations. Although it was developed for Community Foundations, it can be adapted for all types of foundations.

There are many ways to keep abreast of emergency situations. You can check the websites of the Maryland Emergency Management Agency or Baltimore City’s Mayor’s Office of Emergency Management, get the "Maryland Prepares” mobile app, or call 311 to register to receive alerts from Baltimore City about major emergencies on your phone or by email.

A prepared Marylander, creates a resilient Maryland. Let’s build our resiliency - both personally and organizationally.

Tags:  Adventures in Philanthropy  Disaster  Disaster Preparedness  July/August 2014 Members' Memo 

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Recent Reports from the Field

Posted By Buffy Beaudoin-Schwartz, Wednesday, July 23, 2014
Updated: Thursday, July 24, 2014

July 23, 2014

By Buffy Beaudoin-Schwartz

Recent Reports from the Field: 

2013 Columbus Survey Results: Guideposts for Growth and Aspirations (CF Insights & Council on Foundations)

Connected to Give: Community Circles (Jumpstart Labs)

Description and Analysis of the Camp Tax Reform Plan (Tax Policy Center)

Lessons in Funder Collaboration: What the Packard Foundation Has Learned about Working with Other Funders (Bridgespan)

Outsized Impact (Exponent Philanthropy)

Philanthropy: Summer 2014- Giving Nature (Philanthropy Roundtable)

Special Report: Corporate Giving Survey (Chronicle of Philanthropy)

Thank you to our national membership association, The Forum of Regional Associations of Grantmakers, for compiling much of this information.

Tags:  July/August 2014 Members' Memo  Recent reports from the field 

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Standards for Excellence

Posted By Greg Cantori, Tuesday, July 1, 2014
Updated: Monday, July 14, 2014
Updated: July 7, 2014

July 1, 2014

By Greg Cantori

Executive Director, Maryland Nonprofits

As a former foundation leader, I've been thinking a lot recently about the role trust plays in grantmaking. Once a funder considers making an investment in you and your organization, something interesting happens. If the funder feels 100% confident in you and your organization's abilities, you are much more likely to receive a general operating grant ... an unrestricted grant. On the other hand, if some questions remain about your operations, stability, governance, or your effectiveness, you may receive a program or project grant. ... a restricted grant.

Unrestricted grants implicitly say: We trust you. We trust that you know best, and we are here to support you.

Restricted grants implicitly point to the need for you to account and report back on a regular basis on your progress. It's more of an incremental "trust but verify" approach to grantmaking. It means more work for your funder, your bookkeeper, CFO, and your staff.

So how do you go about receiving the holy grail of general operating funding? Much of it is based on the excellence of your operations, ethics, and accountability. How might you avoid making the grantmaker go through a lot of work to demonstrate that you've reached operational excellence?

Welcome to the newly updated Standards for Excellence!

There are 11 new bulletins with tons of useful tools free for members. And don't forget you can become a licensed consultant yourself, too!
 
I want to hear from you, how have you created trust in your work?

I did hear from colleague and partner Celeste Amato, President of the Association of Baltimore Area Grantmakers, who said this: "Funders appreciate building partnerships with grantees in order to best leverage resources for greater impact. We applaud Maryland Nonprofits on the newly updated Standards for Excellence, which is a great tool for both the nonprofit and funding communities.”

Send me your response!

Tags:  July/August 2014 Members' Memo  Maryland Nonprofits  Standards for Excellence 

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Healthier and Greener Communities

Posted By Allison Rich, Tuesday, July 1, 2014
July 1, 2014
 
By Allison Rich 
Children's Health Specialist, Maryland Environmental Health Network

As the Children’s Environmental Health Specialist for the Maryland Environmental Health Network I feel so honored to participate in and learn about such a rich array of projects to create healthier and greener communities in Baltimore.

For instance, this week Baltimore City Schools’ presented its first ever training for custodians on their role in creating sustainable schools. Custodians learned about recycling and energy conservation but the main focus was on implementing the green cleaning in schools law. In 2012, the General Assembly enacted the law and school districts throughout the state are expected to comply by July 2014.

Green cleaning in schools is imperative to protecting children’s health and to reducing rates of asthma in Maryland. According to the EPA, the ingredients found in one out of every three commercial cleaning products are potentially harmful to human health and contribute to organ damage, asthma and other respiratory ailments, headaches, dizziness, and fatigue. To drive this point home, City Schools’ Green Schools Coordinator collaborated with staff from Baltimore City Health Dept.’s Community Asthma Program, Green Seal, and the Building Wellness Institute.

Custodians walked away from the training with a plethora of tools for protecting students and school staff!

Another exciting event this month was Greenscape: Baltimore City’s Annual Youth Sustainability summit. GreenScape is a project of the Student Environmental Leadership Action Team (SELAT), in partnership with the Baltimore Office of Sustainability, Baltimore City Public Schools, and the Baltimore Community Foundation, and with support from Constellation, an Exelon company.

Over 400 students, families, and environmental education enthusiasts filled the Aquarium to share innovative projects funded through the Green, Healthy, Smart Challenges. The Greater Baltimore Asthma Alliance, in partnership with MdEHN, gave away 200 kits with recipe cards and ingredients to make low-cost green cleaning products at home. It was amazing to see so many students sampling healthy foods, learning about watershed protection, and brainstorming their role in creating a greener Baltimore. Over 10 local businesses donated amazing raffle prizes (including a free bike) to show the students how valuable their work is!

These events only skim the surface of initiatives that foster collaboration across sectors with the end goal of creating stronger environmental health protections for children in Baltimore and throughout the state.

 Attached Thumbnails:

Tags:  July/August 2014 Members' Memo  Maryland Environmental Health Network  mdehn 

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Baltimore Integration Partnership Update

Posted By Kurt Sommer, Tuesday, July 1, 2014
July 2014
 
By Kurt Sommer
Director, Baltimore Integration Partnership

Baltimore City and Anchor Presidents Announce New Commitments
The Baltimore City Anchor Plan was signed Wednesday by Mayor Stephanie Rawlings-Blake and eight anchor institution presidents, solidifying a shared commitment to collaborate and align resources to increase public safety, local hiring, local purchasing, and quality of life. The plan details the anchors economic strength, community engagement, and development activities laying out a series of goals for the City, the anchors, and strategic partners to help move forward. Read the Plan

TRF Closes Financing on Centre Theater
The Reinvestment Fund closed on financing for the Centre Theater. The project is driven by the co-tenancy of the film programs of both The Johns Hopkins University and the Maryland Institute College of Art. The schools are partnering in a shared opportunity to meet their facility needs by making an intentional investment to anchor a catalytic real estate project in the revival of Station North. TRF provided New Market Tax Credits, bridge and permanent financing as well as a predevelopment loan to support this catalytic project led by Jubilee Baltimore.

Opportunity Collaborative Releases Workforce Barriers Report
This new study finds that a significant number of job seekers in the Baltimore region lack necessary workplace skills and must overcome multiple and complex challenges to find work, ranging from inadequate transportation to a criminal record. Among its recommendations, the study calls for increased funding for training and basic adult educational programs, improved public transportation to link low-income areas with employers and the development of new "pathways” to help lower-skilled job seekers find jobs and advance in family-supporting careers. Read the Report

EARN Grants Announced
Maryland Department of Labor, Licensing, and Regulation announced the first EARN implementation grants. The program, passed by the legislature in 2013 with support and advocacy from a range of BIP stakeholders, provides grant funding for industry led workforce training partnerships. Congratulations to DLLR for their leadership in moving this important program forward and all of the inaugural grant recipients. Read More

From the News Desk:
Contact Me With Questions:

ksommer@abagrantmakers.org
www.baltimorepartnership.org
410-727-1205

Tags:  Adventures in Philanthropy  Baltimore Integration Partnership  BIP  July/August 2014 Members' Memo  Workforce 

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Frontline Healthcare Worker Champions

Posted By Linda Dworak, Tuesday, July 1, 2014
Updated: Tuesday, July 1, 2014
July 1, 2014
 
By Linda Dworak
Director, Baltimore Workforce Funders Collaborative
 
I was happy to watch as three Baltimore healthcare providers were recognized as 2014 "Frontline Healthcare Worker Champions” recently for their investments in skill and career development of frontline workers. The awards were presented at the Fourth Annual Meeting of the National Fund for Workforce Solutions (NFWS) in Chicago.

The award ceremony was attended by an enthused Baltimore contingent comprised of several ABAG members, non-profit workforce providers and the recipient employers who traveled to Chicago together to attend the meeting.
 
The awardees - Johns Hopkins Hospital and Health System, Lifebridge Health, and MedStar Good Samaritan Hospital - were recognized for their significant investments in skills and career development opportunities for their frontline workers. For more than a decade, these investments have been bolstered by local philanthropic support provided to the Baltimore Alliance for Careers in Healthcare (BACH).

BACH is a strategic industry partnership involving seven major healthcare systems in the Baltimore region. BACH seeks to broker the collective capacities of the healthcare, philanthropic, governmental and educational organizations in Baltimore to prepare and advance entry level workers and to address the region’s healthcare workforce shortages.
 
BACH is supported by a number of ABAG members and is one of the core initiatives supported by the Baltimore Workforce Funders Collaborative at ABAG.

In addition to the awards presentation, the NFWS meeting focused on effective community-based strategies and policy initiatives aimed at improving employment outcomes for low wage adults. In his keynote address at the meeting, Secretary of Labor Tom Perez commended ABAG and our members for our longstanding commitment to supporting model workforce development initiatives in the Baltimore region.

The Baltimore Workforce Funders Collaborative, hosted by ABAG, is a member of NFWS’s national network of over 30 funder collaboratives, all of which are focused on career advancement for low-wage workers and job seekers. Members of the Baltimore Workforce Funders Collaborative align resources to address workforce and economic development challenges through community-designed strategies built on industry partnerships, regional characteristics, and evidence-based research.

In June 2015, the Baltimore Workforce Funders Collaborative will host the annual NFWS meeting here in Baltimore. It will be a great opportunity for Baltimore to showcase more of our great efforts to a national audience.
 
I look forward to having more ABAG members in attendance!

 Attached Thumbnails:

Tags:  Adventures in Philanthropy  Baltimore Workforce Funders Collaborative  July/August 2014 Members' Memo 

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Baltimore Homeownership Preservation Coalition

Posted By Tracey Barbour-Gillett, Tuesday, July 1, 2014
Updated: Tuesday, July 1, 2014
July 1, 2014
 
By Tracey Barbour-Gillett
Chair, Baltimore Homeownership Preservation Coalition
 
The Steering Committee of the Baltimore Homeownership Preservation Coalition (BHPC) is pleased to announce that the Maryland Consumer Rights Coalition (MCRC) will house BHPC beginning July 1, 2014.

As many of you may know, BHPC will no longer be housed at the Baltimore Neighborhood Collaborative (BNC) at the Association of Baltimore Area Grantmakers (ABAG) after nine years of critical staffing and fundraising support.
 
We are especially appreciative of the role Ann Sherrill and Meredith Mishaga have played in guiding and shaping the work of BHPC, and wish them both well in their future endeavors. Fortunately, Meredith will continue to be around the BHPC table in her new role as Director of Foreclosure Outreach in the Office of the Commissioner of Financial Regulation at the Maryland Department of Labor, Licensing and Regulation.

In response to BHPC’s call for Expressions of Interest, MCRC will provide the following support:

• Coordinate four Coalition meetings a year.
• Convene quarterly Steering Committee meetings.
• Work with Coalition members to coordinate and advance any identified tasks and next steps.

We look forward to your continued participation in the Baltimore Homeownership Preservation Coalition. I can be reached at tbarbour@abell.org or 410-547-1300 with any questions.



 Attached Thumbnails:

Tags:  Baltimore Homeownership Preservation Coalition  BNC  July/August 2014 Members' Memo 

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Baltimore City and Anchor Presidents Announce New Commitments

Posted By Kurt Sommer, Wednesday, June 25, 2014
Updated: Wednesday, June 25, 2014

June 25, 2014

By Kurt Sommer, Director, Baltimore Integration Partnership

The Baltimore City Anchor Plan was signed today by Mayor Stephanie Rawlings-Blake and eight anchor institution presidents, solidifying a shared commitment to collaborate and align resources to increase public safety, local hiring, local purchasing, and quality of life.

Many of these issues are also at the center of ABAG’s Baltimore Integration Partnership (BIP) – an initiative complimenting the City’s efforts and expanding the table of partners to include City, State and regional government partners, additional anchor institutions, foundations and nonprofits driving policies to increase economic inclusion. The BIP is seeking to connect low income residents to jobs within anchors and anchor-supporting businesses; connect small and minority-owned businesses to anchor procurement opportunities; and leverage anchor real estate investment for the intentional benefit of the broader community.

An example of the strength of this collective approach is embodied in a long anticipated project The Center Theater at 10 E. North Avenue, in the Station North Arts and Entertainment District. A reinvestment project embodying the strength of this collective approach moved forward late last week.

BIP Partner, The Reinvestment Fund, just closed on financing for the Center Theater. The project is driven by the co-tenancy of the film programs of both The Johns Hopkins University and the Maryland Institute College of Art. The schools are partnering in a shared opportunity to meet their facility needs make an intentional investment to anchor a catalytic real estate project in the revival of Station North. TRF provided New Market Tax Credits, bridge and permanent financing as well as a predevelopment loan to support this catalytic project led by Jubilee Baltimore.

The BIP is funded by nationally by Living Cities and by local foundations including the Annie E. Casey Foundation and the Goldseker Foundation.

Congratulations to the Mayor and her staff as well as Bon Secours, Coppin State University, Johns Hopkins University, the University of Baltimore, Loyola University, Notre Dame University, and Morgan State University for their leadership and commitment.

 Attached Thumbnails:

Tags:  Adventures in Philanthropy  Baltimore Integration Partnership  BIP  July/August 2014 Members' Memo 

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2014 Foundation Source Annual Report on Private Foundations

Posted By Buffy Beaudoin-Schwartz, Wednesday, June 25, 2014

June 2014

Aggregating data from its own clients, Foundation Source recently published the 2014 Annual Report on Private Foundations.

The report is unique to our field because it covers activity in the immediate past year and investigates small, private grantmaking foundations with less than $50 million in assets.

Highlights from the report include:

  • Asset balances increased by 14.1%.
  • Distributions averaged 7.3%, well above the 5% required by law.
  • The average grant of $1M-$10M foundations was $8,283.
  • 29% of grant dollars awarded to Education, followed by Human Services (17%), and the Arts (12%)

According to Andrew Schulz, an executive vice president at Foundation Source and the author of this year’s report, "Having observed the consistently high rate of giving among these foundations over the past five years, we are no longer surprised by their generosity. Indeed, these foundations have demonstrated time and time again that compliance with the 5% minimum distribution requirement is not what drives their philanthropy.”

You can learn more or access the report for free after registering your information on the website here.

 Attached Thumbnails:

Tags:  adventures in philanthropy  July/August 2014 Members' Memo  private foundations 

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