2014-15 Annual Report
Building Hometown Legacies
our Be 1 in 100 campaign
From Dave Davis Board Chair 2014-2015
2015 Board of Directors David M. Davis, Chair Judy Gain, Vice Chair Ann Dobson Barrett Dave Beringer Rita Diaz Priscilla Gamb Peter McAniff Margaret Mgrublian Wendy Munger Eddie Newman Chris Orndorff Fran N. Scoble Les Stocker Philip V. Swan Michelle Tyson, M.D. 2015 Past Board Advisory Council Robert E. Carlson R-Lene Mijares de Lang Raymond Ealy James D. Gamb Betty Chin Ho James King Lois Matthews G. Arnold Mulder Peggy Phelps Gloria Pitzer Diane Scott Joel Sheldon David Werbelow Professional Advisors Committee Bill Hranchak Alison J. Gamble Kathleen Gilmore Elaine Gregory Kelley Bannon Lashley Gloria Pitzer Dan Rothenberg Karl Swaidan Glenn Wallmark PCF Staff Jennifer Fleming DeVoll Executive Director
Mariver Copeland Director of Finance
Judy Wilson Director of Development
Mike deHilster
2014 was another year of tremendous growth for the Pasadena Community Foundation. 2015 is proving to be the same. We are pleased to share some key highlights:
— 2014 —
— 2014 —
PCF reaches
PCF awarded over
50 million
$
in assets – a growth of 72% over the past five years.
5 million
$
in grants
to nonprofits in the Pasadena community and across the country
— 2015 — Since 1996, Friends & Fellows have contributed more than
4.6
— 2014 — We worked with donors to establish
21 new
$
charitable funds
million
to the Foundation — directly supporting PCF’s local grant making programs.
and as of June 2015, we have established 6 more. This brings the total number of charitable funds under PCF’s stewardship to 300.
— 2014 — PCF’s Legacy Society added
8 new members
to the roster of those who have made a provision in their estate plan for a future gift to the Foundation; an additional 3 donors have let us know of their intentions regarding a planned gift as of June 2015.
Marketing & Development Manager
Shawna Yetka Donor/Grants Coordinator
301 East Colorado Blvd. Suite 810 Pasadena, CA 91101 (626) 796-2097 pasadenacf.org
And finally, PCF is excited to launch our Be 1 In 100 Campaign. Over the years, our Endowment Builders have created 75 named funds. These generous individuals and families have enabled PCF to award over $500,000 in each of the last two years to 65 diverse nonprofits in the greater Pasadena area. If we can increase the number of our Endowment Builders to 100, this will dramatically support our goal to reach $1 million in annual grants to qualified local charitable organizations.
Will you be 1 in 100? 2
SPOTLIGHT ON CHARITABLE FUNDS
The Fefferman Award Committee is pleased to announce that the Dr. Robert Fefferman Award for Excellence in Math and Science Education will become an annual award to benefit Pasadena Unified School District (PUSD) math and science teachers and students. The Pasadena Community Foundation will continue to manage this charitable program. During this pilot year, PCF worked with the anonymous donor to create a sustainable and impactful award program. This spring, the $50,000 award was allocated as follows:
$50,000 Fefferman Award benefits math and science teachers and students.
Mr. Lewis Watson, a mathematics teacher at Marshall Fundamental High School, received a $25,000 check for unrestricted personal use. Two graduating seniors from Marshall, Krikor Ailanjian and Caolan John, will each receive a $5,000 college scholarship for outstanding academic performance in math or science. Marshall itself received $15,000 for the purchase of sophisticated calculators for students in high-level math classes; a document camera; Pasco Sparklink interfaces; and motion detectors. This equipment will allow students in science classes to measure data which they can then use their math skills to analyze. Math teachers like this because it builds on cross-curricular collaboration. Robert Fefferman is the Max Mason Distinguished Service Professor of Mathematics at the University of Chicago. His work includes research mathematics, teaching, and service to his University and to the community at large including the Chicago Public Schools. He is an inspiration to many, including the donor who named the fund in his honor. For more information, please visit FeffermanAward.org Mark Anderson, principal, and Lewis Watson, math teacher, at Marshall Fundamental High School
Michael Schneickert joined the PCF Board in 2011, serving with great enthusiasm and passion. Committed to the work of the Foundation, Michael believed strongly in the power of endowments to make a longterm impact. As chair of the Finance Committee, he was an advocate for prudent stewardship of the many endowments PCF holds to ensure the funds continue to grow each year. In 2007, Michael and his wife, Karen Otamura established The SchneickertOtamura Endowment. Since that time, the couple made contributions to grow the fund that generates annual distributions to support PCF’s discretionary grants. Michael tragically passed away on July 1st of this year. He is deeply missed by his family, friends and everyone he worked with at the Pasadena Community Foundation. Michael’s wife Karen has asked that memorial donations be made to their fund that remains a legacy of his love for Pasadena. Donations can be made directly by going to pasadenacf.org
SCHNEiCKERTOTAMURA ENDOWMENT
In memoriam Michael D. Schneickert, PCF Board Member 2011-2015
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GRANTS IN ACTION
At age 6, Denzel joined the Boys & Girls Club where he was first exposed to computers at the Tech Center funded in part by PCF
When Denzel turned 6, he moved in with his grandparents, as his mom had been struggling. They enrolled Denzel at the Boys & Girls Club in Pasadena so he could play with other kids. The timing turned out to be perfect.
Boys & Girls Clubs of Pasadena “We did not have computer or internet access at home, so the only place I could learn about technology was at the Club.”
In 2002, the same year Denzel joined, the Boys & Girls Club made the decision to shift focus and introduce kids to computer technology so they could learn skills crucial to success in school and in life. Lacking the funds to create a Technology Center, the Club reached out to the Pasadena Community Foundation which responded with a $50,000 grant.
The well-used Technology Center at the Boys & Girls Club
Denzel is a bright kid, and when he discovered the new Technology Center, he found something at which he could truly excel. “We did not have computer or internet access at home, so the only place I could learn about technology was at the Club.” Spending hours each week, learning how computers could help with schoolwork, he became a top student. Denzel is now a sophomore at Cal State Monterey, majoring in Business and Graphic Design, and he’s doing great. “Looking back, I realize the Boys & Girls Club gave me the confidence and skills I needed to succeed at school,” says Denzel gratefully. And he still stops by the Club when he is home for the summer to talk with staff and the kids who currently enjoy the benefits of the Center.
The Pasadena Community Foundation has been a long-time supporter of the Boys & Girls Clubs of Pasadena, awarding over $500,000 in grants since 1954. PCF has helped provide the Clubs with dozens of improvements, including playground equipment, roof repairs and a new gymnasium floor. In 2014, the Club was awarded a $25,000 grant to remodel the kids’ bathrooms. The Boys & Girls Clubs of Pasadena do an extraordinary job helping kids in the area, and as a result, there are hundreds of success stories like Denzel’s. The Club is a great example of the kind of local organization that makes Pasadena a stronger community, with the help of the Pasadena Community Foundation. 4
2014 & 2015 GRANTEES
During 2014 and 2015, the Pasadena Community Foundation awarded a total of over $1 million in discretionary grants to over 65 Pasadena area nonprofits. Funding for these grants is generated directly by the 75 Endowment Builder Funds established by donors to
support the wonderful work done by these local organizations. Arts & Culture (2015)
Arts & Culture (2014)
A Noise Within
$20,000
Armory Center for the Arts
Foothill Creative Arts Group
$9,4805
SAPPA
Levitt Pavilion - Pasadena
$24,950
Pasadena Museum of California Art
$26,000 $1,250 $15,000
Los Angeles Children’s Chorus (LACC)
$5,900
Pasadena Public Library
$1,000
Pasadena Community Orchestra
$4,363
Side Street Projects
$15,000
Pasadena Conservatory of Music
$14,809
Altadena Christian Children’s Center
$10,000
Pasadena Heritage
$8,122
Education (2014)
Pasadena Symphony Association
$7,000
College Access Plan
$10,000
La Salle High School
$25,000
Partnership for Success!
$20,000
Education (2015) College Access Plan
$10,000
Frostig Center
$15,000
Learning Works Charter School
$25,000
Partnership for Success!
$20,000
Pasadena Delta Foundation
$1,200
Pasadena Education Network
$2,884
Pasadena Educational Foundation
$26,000
Reading Partners
$10,000
Health (2015) AAF Rose Bowl Aquatics Center
$25,000
Casa de las Amigas
$25,000
Convalescent Aid Society
$25,000
Grandview Foundation
$5,000
Huntington Memorial Hospital
$1,500
Impact Drug & Alcohol Treatment Center
$25,000
Walter Hoving Home
$11,445
Young & Healthy
$24,596
Human Services (2015) Club 21 Learning and Resource Center Door of Hope ECPAC / Friends In Deed
$7,977 $25,000 $3,700
Pasadena Altadena Community Endowment Fund
$181
Pasadena Educational Foundation (Blair High School)
$14,994
Pasadena Educational Foundation (Summer School)
$26,000
Environment (2014) Arroyos & Foothills Conservancy
$25,000
Pasadena Beautiful Foundation
$20,000
Health (2014) Hear Center Huntington Medical Foundation Huntington Medical Research Institute (HMRI) Planned Parenthood of Pasadena & SGV Rose City Counseling Center
$6,884 $24,837 $1,167 $25,000 $4,780
Human Services (2014) AbilityFirst
$20,000
Five Acres
$25,000
Foothill Unity Center
$25,000
FVO Solutions, Inc.
$14,000
Hathaway-Sycamores Child and Family Services
$25,000
Hillsides
$25,000
Mothers’ Club Family Learning Center
$11,950
National Day Laborer Organizing Network
$7,250
Professional Child Development Associates
$25,000
Union Station Homeless Services
$1,000
San Gabriel Valley Habitat for Humanity
$25,000
Union Station Homeless Services
$25,000
URDC Human Services Corporation
$11,914
Villa Esperanza
$25,000
Villa Esperanza Services
$10,000
Senior (2015) Huntington Memorial Hospital - Senior Care Network
$21,875
Pasadena Meals on Wheels
$10,000
Pasadena Senior Center
$10,000
Pasadena Village
$5,000
Youth (2014) Boys & Girls Clubs of Pasadena Ideal Youth Inc.
$25,000 $4,500
Kidspace Children’s Museum
$13,370
Misc. Other Grants
$24,207
2015 total = $530,802 + 2014 total = $514,284 = Grant Total of $1,045,086 5
The
Be 1 in 100 Campaign
PCF’s goal is to increase our family of Endowment Builders to 100, and we invite you to be 1 of them. For as little $10,000 you can get started today on your fund, your passion, your legacy.
Jim & Priscilla Gamb Endowment for Healthcare
Building Hometown Legacies...to support your passion.
Restricted named endowments support grant making programs of PCF in six fields of interest. Arts & Culture
Health
Ann Dobson Barrett & Olin Barrett Endowment for Arts & Culture David & Holly Davis Arts & Culture Endowment Jim & Joan Caillouette Endowment for Arts Margaret Leong Checca Endowment Live Orchestral Music Endowment
John & Lucille Crumb Endowment for Medical Research Jim & Priscilla Gamb Endowment for Healthcare
Education
Luke & Allyson Copeland Endowment for Education Ray & Eddie Newman Endowment for Education Stephen & Judith McDonald Endowment for Education Jud & Marilyn Roberts Endowment for Education Environment
Bill & Claire Bogaard Endowment Matthew & Jennifer DeVoll Endowment
6
Phillip & Lois Matthews Endowment for Health Human Services
Nancy Nash Beckham Endowment for Hunger Cornelia L. Eaton Endowment for Assistance to the Elderly Ella C. Price Endowment for Disabled Children Bill & Betsy Rawn Endowment for Seniors in Need Truman’s Touch Endowment Youth
Rebecca R. Anthony Endowment for Needy & Underprivileged Youth Loretta Glickman Endowment for African American Youth Ralph & Margaret Norrington Endowment for Youth Mitzvah Endowment
Jim and Priscilla Gamb have built a rich life together. They share several passions including family, education, healthcare and Pasadena. Priscilla grew up here and attended Pasadena public schools. Recently retired as Director of Volunteers at Huntington Hospital, she has vast volunteer and Board experience and was elected to PCF’s Board in 2015. Jim remembers, “I fell in love with Pasadena 50 years ago while driving up Orange Grove to Priscilla’s home above the Rose Bowl.” Jim spent his career in the investment business and used his significant financial expertise in service to various education and healthcare organizations. He also served on the PCF Board for ten years. “We chose to dedicate our endowment to healthcare as a way to support the work of the foundation in this vital area, and to say thank you for the benefits to our family over the years.”
Building Hometown Legacies...for the place you call home. Unrestricted named endowments support the grant making programs of PCF. Anonymous Margaret L. Amos Endowment Dorothy Avakian Endowment Guil & Gwen Babcock Endowment Joseph W. Barta Endowment Rena J. Bruce Endowment “Giving is something we always did,” says Bob & Maureen Carlson Endowment Arlene Harder. “My husband Bob and I felt Carl W. & Lynn Cooper Endowment incredibly grateful and blessed for all that we O.K. Earl Endowment have, and it was important we give a portion Eleven Twenty Seven Endowment of our income to people less fortunate.” (Trustee, Temo Arjani) Fred & Jean Felberg Endowment For years, Bob and Arlene provided funding Judith Gain Endowment to several large national organizations. James Gamble Endowment However, they were concerned their donations Donald & Taylor Hall Endowment were not making a meaningful impact in the Bob & Arlene Harder Endowment Betty Jean Ho Endowment lives of people who most needed help. Jean Hubbard Endowment Arlene spoke with her attorney, Karl Swaidan at Hahn and Hahn, George & Maggie Jagels Family Endowment who suggested that PCF could help maximize her philanthropic Bernard & Mary Johnson Endowment John & Jennith Knox Family Endowment goals. Arlene did some investigating and discovered that PCF had Virginia Krueger Endowment been a strong supporter of a number of vibrant nonprofits in Elizabeth Lent Endowment Pasadena since 1953. Helen B. Lockett Endowment Al & Rose Marie Lowe Endowment In 2014, after Bob’s passing, Arlene set up the Bob & Arlene Ruth Stewart Martin Endowment Harder Endowment to support local nonprofits and make a Katherine Mason Endowment lasting, genuine impact on the community. Karl Swaidan David & Margaret Mgrublian Endowment Lauren G. Millis Endowment G. Arnold & Gretl Mulder Endowment Lucille L. Roseman Endowment Wendy Munger & Leonard Gumport Endowment Philip A. Swan Endowment Schneickert - Otamura Endowment Dottie & Byron Nelson Endowment Philip V. & Sara Lee Swan Endowment Nan & Howard Schow Endowment Maria Antonia Niven Endowment John & Shirley Thomas Endowment Fran Scoble Family Endowment Peggy Phelps Endowment Sid & Betsey Tyler Endowment H. Diane Scott Endowment Dorothy J. Philips Endowment Tyson/Hagopian Family Endowment John & Linda Seiter Endowment Sterling Pile Endowment Louis & Marion Webb Endowment Joel & Jill Sheldon Endowment William J. Prisk Endowment Helen L. Wilfong Endowment Dorothy I. Stewart Endowment William T. Reynolds Endowment Randolph & Judith Wilson Endowment
Bob & Arlene Harder Endowment Fund
Dottie Nelson spent a significant portion of her working career making a difference in the lives of people in the local community. That time included 12 years as CEO at Villa Esperanza, a nonprofit organization devoted to the care and education of disabled children and adults.
Dottie & Byron Nelson Endowment
Dottie and her husband, Byron, wanted to find a way to give back to Pasadena when they retired. Dottie’s previous experience made her aware of the wonderful work being done by the Pasadena Community Foundation. Dottie says, “It feels very good to know the endowment fund we established will go to help people in need in the community. I have confidence the PCF team will make sure our money gets to those organizations that need it most.” 7
DISTINGUISHED FELLOWS ($5,000)
2014–15 Friends & fellows Friends & Fellows make annual gifts to the Pasadena Community Foundation to provide unrestricted support to PCF’s local grant making programs. Donors who contribute to endowment funds that support our discretionary grants are also recognized as Friends & Fellows. Gifts received 1/1/2014 - 6/30/2015 ESTEEMED FELLOWS ($10,000+) Anonymous (2) Guilford & Gwen Babcock Dhiya & Melinda El-Saden Fornaciari Family Judy Gain Donald & Taylor Hall Arlene Harder Bernard & Mary Johnson Marvel Kirby Elizabeth P. Lent David & Margaret Mgrublian Roger & Gloria Mullendore Wendy Munger & Leonard Gumport Jud Roberts Michael Schneickert & Karen Otamura Nan Schow Betsey Tyler Michelle Tyson, M.D. Randolph & Judith Wilson Jo Drummond (left) and Gloria Pitzer, long-time supporters of PCF
8
Bill & Claire Bogaard East West Bank Richard N. Frank Debbie Heitz & Shaw Wagener Judith Houg Margaret Jagels Mountain View Foundation Northern Trust Chris Orndorff Daniel Tyler
SPONSORING FELLOWS ($2,500) Clifford Swan Investment Counsel David & Holly Davis Eleven Twenty Seven Foundation Elliot & Ryan, Inc. Stephanie C. Fox James & Priscilla Gamb Gamble Jones Investment Counsel Gonzalez Goodale Architects Hahn & Hahn LLP Harrington Group Barbara Hayden IDS Real Estate Group Lucas Horsfall LLP Peter & Jerilyn McAniff Mijares Mexican Restaurants, Inc. Arnie & Gretl Mulder Donald & Gloria Pitzer Drs. Janene & Tom Scovel Foundation John & Linda Seiter Philip V. Swan
SUPPORTING FELLOWS ($1,000) All Saints Church Gregory S. & Nancy McAniff Annick Hancock & Julia Banning Ann Dobson Barrett & Olin Barrett Bob & Lois Boardman John & Louise Brinsley Elizabeth Brown Calleton Bob & Maureen Carlson Daniel & Grace Chang Donald & Sally Clark Ramon Cortines R-lene Mijares de Lang & Gordon de Lang Matthew & Jennifer DeVoll John & Rita Diaz Louise Dougherty Jo Drummond Don & Julie Fedde Clarence & Anne Fleming Jean Fleming Laura & Louis Fleming Jr. Robert & Katherine Gillespie
Gary Hackney & Natalie Poole Patti B. Healy Candis & Roger Ipswitch Judith G. Kelly Albert & Rose Marie Lowe Steven Madison Jacqueline Martin Allen & Lewise Mathies Elizabeth Medearis D. Harry Montgomery Charles G. Morse Mary Lois Nevins Michael Newkirk & Olivia Garfield Ray & Eddie Newman
Supporting Fellows Judy & Bill Opel
A. William & Judy Opel Rawn Family Trust John & Charlotte Reith Janet J. Rose Fran Scoble Emmons & Janet Sebenius Joel & Jil Sheldon Dennis & Alison Slattery Leslie E. & Pamela A. Stocker Laurie & David Turner Charlotte Van Fleet Robert & Carolyn Volk Wells Fargo Bank John & Judy Whiting Henry & Cynthia Yost Family Foundation William & Eileen Zimmerman
FELLOWS ($500) Julia Bailey Erin & Jeremy Baker Robert & Joan Banning Tom Baxter & Jennifer Kuo Andrea Beal Barbara Beckham Martyn Belmont Stephanie Bennett Christine Benter David Beringer
Judith B. Brandt Barbara Campbell Brett & Michelle Cannon Chandler School Catherine “Tink� Cheney & Barry Jones Ronald & Marilyn Conzonire Richard & Mariver Copeland Mary Coquillard Rita Coulter David G. Covell Karl & Carmela Dietzel Raymond & Charmayne Ealy Richard & Nancy Esbenshade Jeffrey Scott Fastnow & Sandra Steele Fastnow Sydney & Ray Feeney Haley J. & Anita Fromholz GGE Foundation Michael O. & LeAnne Healy Katherine Healy Hal & Marguerite Hennacy Dorothy Hoffman Sally & John Howell Samuel Losh Craig & Diane Martin Phillip & Lois Matthews Paul & Linda Maurin Stephen & Judy McDonald Mark & Laurie McKinley Carson & Kaholyn McKissick Paul & Susan Miller Bob & Kris Morrish Mark & Louisa Nelson Stephen & Kay Onderdonk Tony & Mabel Paine Peter & Catherine Palermo Tony Pang & Dr. Ying Goh Michael & Priscilla Pawlicki Benjamin & Sylvia Paz Michael Peevey & Carol Liu Robert Pindroh Glenn & Carol Pomerantz George & Mary Regas David & Kristin Ritterbush Cynthia Rosedale Donald Roudenbush David & Cheryl Scheidemantle William D. & Marilyn M. Schulte Rosemary Simmons Marjorie Stoll John D. Taylor William & Carol Thomson Jolly Urner Gregory & Glenda Vanni Chuck Waterman Dave Werbelow & Jeannie Flint Paul & Jean Whitin
PCF board members at a site visit for the Habitat For Humanity Desiderio building project in Pasadena
FRIENDS ($1-$499) Carrie Adrian Daniel & Nicole Adrien Abraham & Mary Aghoian Grace Anderson Waren J. Arnett Mike & Carole Babcock Nona Baer Bryan Beckham John C. Bell & Martha Bell Gary & Elizabeth Birkenbeuel Corneila Bloomer James & Joan Bolton Clayton R. & Margaret Braatz Hannah G. Bradley Bucks County Community College Foundation Craig & Susan Burger James & Joan Caillouette John K. Cameron Capitol Cadillac Company Dante Caravaggio Wayne & Judy Carter Robert & Joan Cathcart Martin & Nancy Chalifour Mrs. Charles Cherniss Dee Cody Donald & Natalie Cohen Nancy & Richard Cole Michael & Susan Connell Martha Malnic Cooley Carl & Lynn Cooper Tony & Nadine Danz Mr. & Mrs. Leo Dencik David & Judy Denenholz Matthew G. Dillhoefer Janet Doud Curran M. Dwyer Kate Dwyer Laurence Eggers Molly West Ellsworth Henry Eversole Doris Tsongas Finch Margaret Ford Lisa H. Fowler Susan A. Frank Lauren Frankel George & Cleola Gavalas John Hall & Nancy Lan John & Anna Hallstrom Margo Halsted & Peter LeSourd Robert & Lisa Harrison
Dave & Caraly Higuchi Marguerite Hougasian James & Susan House Paul & Missy Jennings Dennis & Katharine Jorgensen Sheldon & Cindy Keresey Patricia Ketchum Lori MacPherson Madison Heights Neighborhood Association Denise Mimishian Ted & Jane McAniff Don & Nancy McIntyre Louisa N. Miller Jeannette Muirhead Rick Neumann Barbara Nifwander Carol Numrich William & Judy Ostrander Gordon Pashgian Maiya Teague Penberthy William & Harriet Plunkett John & Barbara Poer Chris & Katie Poole Jane Quinn Bill & Christy Rakow Karen & John Reynolds Ann W. Riordan Leonard & Carmella Rodriguez Gordon & Joanne Sasaki Kent & Susan Schmidt Norman & Carol Schmidt Fred & Eileen Schoellkopf Sandra Shatto Margaret A. Smith Louise Spadia-Beckham Betty Steen George & Gretel Stephens Robin Stever & Ricardo De Barrantes Kenneth & Louise Tang Shahram & Kelly Tousi Danzey Treanor Bill & Linan Ukropina John B. Ulmer John & Andrea Van de Kamp Betty Alice Vaughan Andrew Jr. Vollero Mark Waterson Timothy & JoAnne Wendler David & Roberta Wilcox Morley & Lou Anne Winters
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GRANTS IN ACTION
LEVITT PAVILION, Pasadena
One of the main goals of the Levitt Pavilion for the Performing Arts at Memorial Park in Pasadena is to make live music accessible to everyone, creating a stronger and betterconnected local community.
With an annual program of an amazing 50 free concerts, the Levitt Pavilion is flourishing, and Memorial Park has become a vibrant hub of activity. However, the challenge had always been sound quality at the concerts, which was fair at best. In “With the new 2015, the Levitt Pavilion applied for funding from the Pasadena Community Foundation for the resources to improve concert experiences. PCF awarded the Levitt Pavilion a speaker system, capital grant to purchase new speakers, which were recently installed. the sound at According to Renee Bodie, Executive Director, Levitt Pavilion – Los Angeles & Pasadena, “With our new speaker system, the sound at Levitt Pavilion Pasadena has never been better, and our audience appreciates the difference. Thank you so much to the Pasadena Community Foundation for helping us create a beautiful experience under the stars for the enjoyment of the community.”
Levitt Pavilion Pasadena has never been better...”
Beyond a diverse concert schedule, its popular intern program provides inspiration and motivation for high school students who dream of a career in music, as well as teaching them practical skills necessary to work in the industry — from marketing, to event production, to audio gear maintenance.
legacy society
Future Funds of the Pasadena Community Foundation
PCF expresses our appreciation to the following group of individuals and families who have named Pasadena Community Foundation as a beneficiary in their estate plans. Anonymous (9) Ann Dobson Barrett Barbara Beckham Bill & Claire Bogaard Robert Brehler & Orin Burgess John & Ginny Cushman
10
R-lene Mijares de Lang Robert J. Floe Richard & Mary Alice Frank Judy Gain Arlene Harder Thomas & Marcella Harris Victor & Marion Jones John J. Kennedy Scott & Debi Kroman Cynthia Kurtz & James McDermott John & Margaret McAustin Don & Nancy McIntyre
Denise Mamishian Andrea Engler Morseburg Roger & Gloria Mullendore Rick Nordin Donald & Gloria Pitzer John & Charlotte Reith Gail Rolf Norman & Sossi Sarafian Michael Schneickert & Karen Otamura Sandra Shatto Margaret A. & Peggy Anne Smith Leslie & Pamela Stocker The Thorpe Family Betsey Tyler Jolly Urner Mary Weaver Randolph & Judith Wilson
2013–14 Financial summary
STATEMENT OF ACTIVITY 2014 Net Assets - Beginning of Year
2013
$43,896,220
This is a financial summary for the year ended December 31. PCF financial statements are audited annually. Copies of PCF financial statements and tax return forms 990 and 990T (if one is filed) are available upon request.
$35,658,517
Additions Contributions and other support Gain on Investments Total Additions
$8,919,083
$9,023,417
$1,891,568
$5,055,944
$10,810,651
$14,079,361
$4,327,851
$4,592,655
$514,284
$414,863
$92,433
$90,734
Expenses Program Donor-Advised Grants Discretionary Grants Field of Interest Grants Operating Total Program
$349,986
$309,417
$5,284,554
$5,407,669
$190,323
$122,856
Administrative and General Development Total Expenses Change in Net Assets - increase/(decrease) Net assets at the end of the year
$190,666
$311,133
$5,665,543
$5,841,658
10.5%
$5,145,108
$8,237,703
$49,041,328
$43,896,220
increase of net assets at year end
STATEMENT OF FINANCIAL POSITION Assets
2014
FIVE YEAR GROWTH CHART
2013 $60M
Cash and Cash Equivalents Investments Other Assets
$637,482
Figures are shown in millions and have been rounded up to the nearest 100 thousand number.
$739,768
$49,962,941
$44,543,263
$99,481
$167,327
$50.7
$50M
$45.4 $40M
Total Assets
$50,699,904
Liabilities Accounts Payable
$36.9
$45,450,358 $30M
$9.8
$43,581
$169,879
Agency Funds
$1,614,995
$1,384,259
Total Liabilities
$1,658,576
$1,554,138
$10M
$49,041,328
$43,896,220
$
$50,699,904
$45,450,358
Total Net Assets Total Liabilities and Net Assets
$29.6
$20M
$29.5
$23.8 $19.5
$14.7
$9.5
$19.8
$19.5
2010
2011
$22.2
2012
$25.9
2013
$26.9
2014
Donor/Agency Discretionary PCF Discretionary
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