2007 Annual Report - Greater Worcester Community Foundation

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Grants Worcester East Side Community Development Corporation Worcester Credit Bureau Fund and Discretionary Funds $18,000 Worcester Foundation for Biomedical Research Hollis E. and Gwendolyn D. Alden Fund $885 Theodore and Marjorie M. Deitz Fund $1,000 Lionel M. and Cynthia E. Lamoureux Fund $1,000 Frances F. Mansfield Fund $1,083 Worcester Historical Museum Elkanah B. Atkinson Community and Education Fund Barbara Allen Booth Fund $5,990 Robert W. Booth Fund for the Worcester Historical Museum $22,767 Henry B. and Jane K. Dewey Fund $1,000 Paul and Fay Rossley Fund $200 Worcester Historical Museum Fund $88,000 Worcester Historical Museum Robert W. Booth Fund for Salisbury Mansion $21,453 Worcester Interfaith Discretionary Funds $5,000 Worcester Jewish Community Center Glenda and Arthur Wolpert Fund $1,000 Worcester Polytechnic Institute Bozenhard Charitable Fund $500 John M. Nelson Fund $7,000 Worcester Public Library Clarence S. Arms Family Fund $585 Worcester Public Schools Marcia R. Katter Memorial Fund $3,088 Worcester Regional Research Bureau Discretionary Funds $8,000 Worcester Regional Research Bureau Fund $2,862 Worcester Regional Science & Engineering Fair Worcester Engineering Society Fund $250 Worcester Roots Project, Inc. Water and Land Stewardship Fund and Clarence S. Arms Family Fund $4,022 Worcester State College Olive I. and Anthony A. Borgatti Jr. Donor Advised Fund $1,500 Fairlawn Foundation Fund $95,909 Quota International of Worcester Fund $1,452 Worcester State Foundation Lillian R. Goodman and Mary K. Alexander Fund for Nursing Education and Research $1,000 Worcester Technical High School Saul A. Seder Fund $672 Worcester Youth Center Fairman C. Cowan Fund and Discretionary Funds $15,000 Jeanne Remillard Curtis Fund $1,000 The Pyle Fund $1,000 Youth for Community Improvement Pass- Through Grantmaking Fund $4,120 Wyndham Land Trust, Inc. Newell and Betty Hale Fund $1,000 Y Y.O.U., Inc. Bozenhard Charitable Fund $250 Fallon/OrNda Community Health Fund $20,000 YMCA of Central Massachusetts Polly C. and Joseph R. Carter Fund $1,500 Barbara E. and William E. Christensen Fund $7,500 Ross and Lisa Dik Fund $300 Fallon/OrNda Community Health Fund $20,000 Young Woman of Consequence Award Konstantina B. Lukes Fund $500 YouthNet Marian B. Kubelus and Marian Zell Nesbit Memorial Fund $15,000 YWCA of Central Massachusetts Eliza D. and Cora J. D. Dodge Fund and Discretionary Funds $15,000 Marian B. Kubelus and Marian Zell Nesbit Memorial Fund $7,500 Mini-Grants Fund $2,500 YWCA/Daybreak Resources for Women & Children Bozenhard Charitable Fund $1,000 Carolyn Knight Dik Fund $500 Marla Maykel Fund $500 28 Greater Worcester Community Foundation • 07 ANNUAL REPORT
Donors and Funds Services to Donors The Foundation’s comprehensive planning and administrative services help individuals, families and organizations articulate and fulfill their charitable and financial goals. We offer donors power and flexibility in charitable giving without the paperwork, time and expenses associated with running a private foundation. And donors benefit from the Foundation’s sophisticated investment program which preserves capital during tough times, extending the longevity, value and reach of their contribution both now and in the future. Giving Now We welcome gifts of any size from a broad range of assets, including cash, publicly traded securities, closely held stock, real estate, life insurance, tangible personal property and private foundation holdings. Donors can make a gift to any of our existing named funds or, with a gift of $10,000 or more, establish a fund to create a personal legacy. Donors receive the maximum tax benefits allowed by law and the assurance that their intentions will be honored in perpetuity. Donors and their families are encouraged to continue giving to the fund to help it grow even more and increase its earnings potential. Planned Giving Donors can make a gift that benefits the community after their lifetime by: • A gift through their will Benefiting Our Community Grants are awarded from the named fund to support nonprofit organizations in accordance with donor wishes. And as institutions and needs evolve over time, we have the flexibility to adapt and to continue to fulfill their long-term charitable goals. The Foundation provides an online tool to our donors and advisors, DonorCentral, which allows fund holders to securely access their fund balances, grant activity and gift history; and, in the case of donor-advised funds, recommend grantees. Donors have the opportunity to learn more about current and emerging issues in our community, including guided visits to nonprofits that are grant recipients, focused investment information sessions, and other donor appreciation events. 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% Endowment Investment Performance Net of Investment Fees as of December 31, 2007 • Naming the Foundation as beneficiary of Individual Retirement Account assets • Transferring a life insurance policy to the Foundation, making premium payments tax-deductible 2.0% 0.0% 1 YR 3 YR 5 YR 10 YR • Donating retained real estate as a future gift while using the property throughout their lifetime • Setting up a pooled income fund, charitable gift annuity or charitable remainder trust that pays income now and later supports the donor’s philanthropic goals To find out more, we invite you to call us or visit www.greaterworcester.org Greater Worcester Community Foundation • 07 ANNUAL REPORT 29
Page 1: ANNUAL REPORT Our Vision Transforms
Page 4 and 5: Letter to the Community B y comming
Page 6 and 7: Protect 4 Greater Worcester Communi
Page 8 and 9: Maureen Hendrickson Memorial Schola
Page 10 and 11: Heal 8 Greater Worcester Community
Page 12 and 13: Barbara Allen Booth Fund Making his
Page 14 and 15: Preserve 12 Greater Worcester Commu
Page 16 and 17: John W. Lund Fund Community Service
Page 18 and 19: Grantmaking The Foundation makes gr
Page 20 and 21: Grants Blackstone Valley Boys & Gir
Page 22 and 23: Grants First Unitarian Church Holli
Page 24 and 25: Grants Leicester Council on Aging L
Page 26 and 27: Grants Phillips Academy - Andover J
Page 28 and 29: Grants U U.S. English Foundation Bo
Page 32 and 33: Contributors In 2007, the Foundatio
Page 34 and 35: Contributors Jeremiah and Elizabeth
Page 36 and 37: Contributors Mr. and Mrs. R. Emerso
Page 38 and 39: Contributors Terrie J. Hanna Carol
Page 40 and 41: New Funds A gallery of creative giv
Page 42 and 43: Invitation to the Acorn Society Aco
Page 44 and 45: Named Funds Discretionary, Field of
Page 46 and 47: Newell and Betty Hale Fund (2001) $
Page 48 and 49: Named Funds Designated Funds Louise
Page 50 and 51: The Foundation’s endowed scholars
Page 52 and 53: Andrew Sala Memorial Scholarship Fu
Page 54 and 55: Committees Scholarship Selection Vo
Page 56 and 57: Financials Statements of Financial
Page 58 and 59: Board of Directors and Staff BOARD
Page 60: Our Mission To enhance our communit

2007 Annual Report - Greater Worcester Community Foundation

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