Community Foundation of Broward - 2021 Report to the Community

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20 21 R E P O R T T O T H E C O M M U N I T Y


The Hillsboro Lighthouse, featured in this report, is an iconic Broward County landmark and an enduring symbol of steadfast public service. For more than a century, this BOLD beacon has protected and inspired those who call Broward home.


A MESSAGE ABOUT OUR BOLD IMPACT AND BRIGHT FUTURE What a joy it is to look back on a year of new initiatives and BOLD philanthropy that create life-changing impacts today and shape a brighter future for us all. During a year of big challenges – from the ever-changing pandemic to the ongoing push for racial equity – the Community Foundation of Broward has achieved record-level grantmaking to make life better in Broward. Thanks to our dedicated Fundholders, we are targeting critical support on innovative ways to help residents overcome hurdles. And we are investing in opportunities to make Broward a more vibrant community for generations to come. For example, we launched the $1 million BE BOLD Prize to jump-start career opportunities in neighborhoods disproportionately affected by lingering unemployment. To inspire awareness and encourage social justice solutions, we are supporting engaging arts initiatives – including performances, gallery exhibitions, podcasts, workshops, festivals and more – that break through barriers and help build a better community. In addition, our eye-opening special report entitled “Untapped Potential” identified the strengths, deficiencies and true potential of local philanthropy. And to tap that potential, the BE BOLD Leadership Campaign is gaining momentum with nearly $200 million in endowed resources raised to tackle Broward’s growing needs. With the support of BOLD donors who partner with us for their philanthropy, there’s no limit to what the Community Foundation can achieve for the place we call home.

James Donnelly,

Jennifer O’Flannery Anderson, Ph.D.,

Board Chair

President/CEO 1


OUR IMPACT A GLANCE 489 $14 million

Charitable Funds created by generous philanthropists and managed by the Community Foundation.

$33

million

TOTAL GRANTED FROM CHARITABLE FUNDS IN 2020-2021. *Community Foundation record

$145 million TOTAL GRANTED

TOTAL NEW GIFTS and PLANNED/ ESTATE GIFT PROMISES to the Community Foundation in 2020-2021.

from charitable Funds since the Community Foundation was established in 1984.

We gratefully acknowledge our friends who make this publication possible: 2

Harry T. Mangurian, Jr. Foundation, Inc.


T AT 43

Number of

Community Builders – philanthropists who have created an endowed charitable Fund of

$1 million or more.

165 Number of LEGACY

SOCIETY MEMBERS – philanthropists who have included a gift to the Community Foundation in their will/ estate plan.

$269 million

TOTAL ASSETS – our grantmaking muscle – managed by the Community Foundation and made possible by our visionary Fundholders.

$360

MILLION Total amount of planned/ estate gifts promised to the Community

TOP

100 We are ranked 87th among the nation’s TOP 100 community foundations.

Foundation by our

Legacy Society Members.

3 (Fiscal year data as of June 30, 2021)


IMPACT IN WITH RECORD-LEVEL GRANTMAKING AND BOLD LEADERSHIP, THE COMMUNITY

FOUNDATION FUELS INNOVATIVE SOLUTIONS, FORGES DYNAMIC PARTNERSHIPS AND TACKLES BROWARD’S BIG CHALLENGES. HERE ARE A FEW EXAMPLES:

HIDDEN HEROES AWARDS:

ANIMAL WELFARE:

Prizes for 12 real-life

More support

superheroes whose work

to boost animal

helps our community face

adoptions,

the pandemic as well as

deliver spay and

new grants to further the

neutering, expand

missions of the critical

wildlife rescue

nonprofits they represent.

and encourage other innovative opportunities to care for Broward’s

YOUTH EMPOWERMENT: $2 million grant from The Jim Moran Foundation to support education and career opportunities for Broward young people who need a hand up.

animals.

$1M BE BOLD PRIZE: New award to jump-start career opportunities in neighborhoods

RACIAL EQUITY TRAINING:

disproportionately affected by

Collaboration with the

lingering

Children’s Services Council to

unemployment,

provide racial equity training

made worse by

for top local leaders to raise

the pandemic.

awareness of systemic racism and implicit bias.

EMERGENCY PANDEMIC AID: Joining forces with The Humana Foundation to provide more food, financial support and other much-needed help for low-income families, isolated seniors and others at risk of missing out on pandemic aid.

NONPROFITS RESILIENCY TRAINING: Teaching nonprofits strategies to overcome pandemic obstacles and 4

providing grants to help them invest in new technology and other ways to face future challenges.


ACTION SEA CADETS’ NEW HOME:

Construction of a Sea Cadet training center, Arc Broward’s new culinary careers teaching kitchen and more capital projects are made possible by the endowed Mary N. Porter Legacy Fund.

ARTS & SOCIAL JUSTICE: Support for engaging arts initiatives – performances, podcasts, exhibitions, festivals and more – that build understanding,

GARDENING FOR GOOD

foster equity and

Helping families learn new ways

encourage positive action.

to eat better and relieve stress by growing their own food and spices in windowsill gardens and small planters.

LGBTQ+ COLLABORATION: Began talks with Our Fund Foundation about a partnership in 2022 to boost LGBTQ+ support and prioritize innovative opportunities to foster social and racial equity for LGBTQ+ residents.

PROTECTING THE ENVIRONMENT: Another wave of environmental support to restore beach dunes, plant trees and improve water quality gets a $50,000 boost from a new

FACING SEA-LEVEL RISE:

LIFE-SAVING HEALTH CARE ACCESS:

collaboration with Spirit Airlines.

Collaboration with Memorial Healthcare

Helped commission a

System enables mobile care centers to

groundbreaking study identifying a

bring free breast cancer screenings and

$5 billion Broward business benefit

other critical services to neighborhoods

to preparing for sea-level rise.

that lack health care.

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BE BOLD LEADERSHIP CAMPAIGN The BE BOLD Leadership

Teaming up with the Community

Campaign is an exciting

Foundation empowers

opportunity for people who love

philanthropists to tackle big

Broward to fuel innovative solutions

challenges today and to shape a

and create permanent support for

brighter future for Broward. By

the place they call home.

joining this leadership campaign, you gain a philanthropy partner with

The Community Foundation of

the expertise to amplify your impact

Broward launched the campaign in

for the community you love.

2018 to build an endowment able to keep pace with our community’s

The success of the BE BOLD

fast-growing needs.

Leadership Campaign ensures Broward will have lasting, flexible

Already, our BE BOLD Leadership

resources to be a vibrant community

Campaign has raised nearly $200

for generations to come.

million in new gifts and planned gifts from visionaries who create

Broward’s future is in our hands. Are

charitable Funds at the Community

you ready to BE BOLD?

Foundation.

LEARN MORE: Visit www.cfbroward.org/be-bold or Call (954)761-9503

$191 MILLION RAISED Through June 2021

70 New Charitable Funds 38 New Legacy Gifts 14 New Community Builders with $1M+ Endowed Funds

“Lasting change happens when people who care about their community choose to make a difference. The Community Foundation makes philanthropy easy and fulfilling.” Steven W. Hudson, Community Foundation Community Builder and former Board Chair The Hudson Family Foundation made a $5 million endowed gift to the BE BOLD Leadership Campaign


UNTAPPED POTENTIAL: ACHIEVING BROWARD’S TRUE GIVING POWER The Community Foundation of

Yet a closer look shows that

$700 million annual boost in critical

Broward in 2021 commissioned an

Broward’s charitable giving –

resources – if all local donors gave at

eye-opening special report, called

particularly the percentage of

the same level as their Florida peers.

“Untapped Potential.” Our study

income Broward residents donate –

takes a deep dive into tax records as

lags behind similar-size communities

Armed with these findings, the

well as giving trends in Florida and

in Florida and across the country.

Community Foundation is calling

beyond.

on everyone who loves Broward – The good news is, the study

residents, civic organizations, local

The study shows that Broward’s

identifies significant sources of

businesses, policymakers, private

charitable donations reported on

untapped potential support, which

foundations and more – to join with

tax returns during the past decade

could vault Broward’s philanthropic

us to help overcome Broward’s

have been trending up at a time

resources to exciting new levels. For

charitable giving gap.

when statewide, the percentage of

example, Broward’s total donations

residents who give is on the decline.

could grow to $1.9 billion a year – a

BROWARD’S PROJECTED ANNUAL GIVING POTENTIAL

$1.9 BILLION

Giving potential if all donors gave at percentages similar to Florida peer counties

$1.5 BILLION

Giving potential if upper-income donors gave at same percentage as peer metros

$1.2 BILLION

Broward’s average annual giving

LEARN MORE ABOUT BROWARD’S UNTAPPED POTENTIAL: Scan this QR code to download a copy of our philanthropy study.

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COMMUNITY BUILDERS COMMUNITY BUILDERS ARE BOLD LEADERS WHO PARTNER WITH THE COMMUNITY FOUNDATION TO ESTABLISH ENDOWED CHARITABLE FUNDS OF $1 MILLION OR MORE THAT SHAPE A BRIGHTER FUTURE FOR BROWARD.

THESE 43 DEDICATED INDIVIDUALS, FAMILIES AND COMMUNITY ORGANIZATIONS FUEL INNOVATION AND TACKLE BROWARD’S BIG CHALLENGES WITH GRANTS FROM THEIR ENDOWED FUNDS. BY TEAMING WITH THE COMMUNITY FOUNDATION FOR THEIR PHILANTHROPY, COMMUNITY BUILDERS CREATE A BOLD IMPACT FOR BROWARD – TODAY AND FOREVER.

Nancy Lynn Brown (center) cuts the ribbon on her new Community Builder plaque, with her professional advisors Debra Vogel (left) and Philip Verde (far right) joining Foundation Board Member Kurt Zimmerman (second from left) at the celebration.

NE W COMMUN IT Y BUILDE R: Cathy and James Donnelly Cathy and James Donnelly met in Canada and forged a life together in Fort Lauderdale based on family, hard work and giving back to the community they call home. To thank the community that embraced them, Cathy and James worked with nonprofit, business and community partners to enhance the lives of vulnerable Broward residents. Their collaboration with the Community Foundation provides them a team of experts to ensure their generosity fuels solutions where needed the most. The endowed Cathy and James Donnelly Charitable Fund creates permanent resources to tackle food insecurity, mental health and other issues that matter to them.


$130M+

in endowed gifts – able to grow through careful investment – from our 43 visionary Community Builders.

JIM ACHESON James C. Acheson Fund

JAMES I. CODDINGTON, JR. James I. Coddington, Jr. Charitable Fund

MARION T. AND PERCY P. ARCHIBALD Percy P. and Marion T. Archibald Fund

RANDY AND LARRY COTTER Elizabeth Cotter Memorial Fund

SALLY AND FRANK ATLASS Sally and Frank Atlass Charitable Fund.

LIBBY AND JACK DEINHARDT Libby and Jack Deinhardt Funds

BBX CAPITAL BBX Capital Fund for the Arts

LEONARD AND ANTJE FARBER Leonard and Antje Farber Endowment Fund

NE W COMMUN IT Y BUILDE R: Andr ew L . Wur tele Giving back is a family tradition for Andrew Wurtele, whose father Angus Wurtele – former CEO of The Valspar Corporation – was a devoted philanthropist who supported the arts, education, cultural institutions and the environment. Andrew carried on the family tradition of philanthropy with support for national charitable organizations with local programs to help Broward’s youth and lift up struggling families. Andrew also created the endowed Andrew L. Wurtele Family Fund to provide forever support for young people, the arts, the environment and more. He involves his daughter, Serena, in his philanthropy to teach the value of giving back to the community.

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“We raised our family here. Our business is here. The community has been so good to us. We want to be good back. We truly hope that our gift is an inspiration for others to do the same.” - James Donnelly, Community Foundation Board Chair, who along with his wife Cathy is a new Community Builder

DOROTHY AND HAROLD FRANKS Dorothy and Harold D. Franks Funds

MARLENE HOLDER Marlene Holder Fund for Broward

RICHARD FRISBY Richard Frisby and Edward Burkhart Fund

FRANCIE BISHOP GOOD AND DAVID HORVITZ Francie Bishop Good and David Horvitz Fund for the Arts

GERTRUDE GRAY Gertrude Gray Memorial Scholarship Fund

HUDSON FAMILY FOUNDATION Hudson Family Fund

NE W COMMUN IT Y BUILDE R: N ancy Lynn Brown Nancy Lynn Brown loves the new experiences and learning that come from travel. Seeing new places, asking questions, making friends – for Nancy, traveling provides new opportunities to learn and grow. To give back to her community, Nancy partners with the Community Foundation of Broward to create life-changing travel opportunities for college students. The Nancy Lynn Brown Scholarship Fund at the Community Foundation provides permanent support for educational travel opportunities, especially for students who otherwise could not afford to go. Through her partnership with the Community Foundation, Nancy empowers local students to broaden their horizons through travel.


THE POWER OF ENDOWMENT Mary Mackenzie’s Fund produces approximately

$780,000 each year

To Date: 236 grants awarded TOTALING $7.8M

for the Community Foundation to grant and tackle Broward’s greatest needs.

Current 2021 Fund balance is $15.6M

2008: Mary and Alex Mackenzie Community Impact Fund created with $12.1M gift

FREDERICK W. JAQUA Frederick W. Jaqua Fund

STEPHEN A. KELLER Stephen A. and Ethel L. Keller Funds

HARRIET AND JACK KAY E Jack and Harriet Kaye Fund

KIWANIS CLUB OF FORT LAUDERDALE Kiwanis Club of Fort Lauderdale Charitable Fund Kiwanis Club of Fort Lauderdale Scholarship Fund

GINNIE AND DICK KEARNS Kearns Family Foundation Fund

ELAINE AND JON KRUPNICK Krupnick Family Fund Elaine Krupnick Fund for the Arts

NE W COMMUN IT Y BUILDE R: L awr ence A . Sand er s Lawrence Sanders created stories that still enthrall readers around the world. His suspense thrillers feature private eyes, cops, crooks and other intriguing characters. The Anderson Tapes, First Deadly Sin and McNally’s Puzzle are just a few of his nearly 40 novels. Through grants from his private foundation, two endowed Funds were created at the Community Foundation of Broward to promote Lawrence’s passion for literacy and cultivating ambitious young writers. The Lawrence A. Sanders Fund to Promote Literacy and the Lawrence A. Sanders Scholarship Fund for Creative Writing provide forever support for the issues he cared about most.

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“The Community Foundation will help me find new avenues to support Broward. I can be much more targeted to the issues that matter the most to me and my family.” - Andrew Wurtele, new Community Builder, shown with his daughter Serena

MARY MACKENZIE Mary and Alex Mackenzie Community Impact Fund

JIM AND JAN MORAN Jim and Jan Moran’s Family of Funds

EVERETT H. METCALF, JR. Everett H. Metcalf, Jr. Unrestricted Fund

MARY N. PORTER Mary N. Porter Funds

ROSE MINIACI Rose Miniaci Family Fund

JOHN H. RAU John H. Rau Space Education Fund

NE W COMMUN IT Y BUILDE R: Judith Ann Linnell Judith Linnell loved living in a vibrant community close to the sea. She was a longtime member of the Coral Ridge Yacht Club and a dedicated supporter of the Navy League. Because Judith cared for her community, she prioritized giving back. Her estate gift created the Judith Ann Linnell Foundation, establishing support for the arts, civic engagement and education in Broward and creating opportunities for children in need. When her private foundation neared its sunset, Judith’s trustees teamed with the Community Foundation to create an endowed Fund that continues her legacy of shaping a brighter future for Broward.


GLORIA AND ALVIN ROSS Alvin and Gloria Ross Community Care Fund

JUDY AND DON THIEL Judy and Don Thiel Fund

LOUISE B. AND JOSEPH S. RUMBAUGH Joseph S. and Louise B. Rumbaugh Fund

ELAINE AND DR. ERWIN M. VASQUEZ Elaine and Erwin M. Vasquez, M.D. Family Foundation Fund

CAROLE AND STEVE SCOTT Scott Family Fund

LOUISE WEMYSS Louise Wemyss Fund For Animal Welfare

FRANCIS A. AND ADELINE M. SINES Francis A. and Adeline M. Sines Memorial Fund

MAY JEAN AND LOU WOLFF Lou and May Jean Wolff Family Foundation Fund

HELEN WYATT RUST STOYKOV Helen and Frank Stoykov Charitable Endowment Fund

ANONYMOUS (2) Two philanthropists have created Funds to support Broward’s growing and changing needs.

MILDRED TALKWICZ Mildred Talkwicz Charitable Fund

To learn more about all of our Community Builders, scan this QR code: 13


LEGACY SOCIETY LEGACY SOCIETY MEMBERS SHAPE BROWARD’S FUTURE THROUGH THEIR ESTATE GIFTS TO

THE COMMUNITY FOUNDATION. THEY PARTNER WITH US TO CREATE ENDOWED CHARITABLE FUNDS THAT ENSURE THEIR BOLD IMPACT CONTINUES FOREVER. Jonathan K. Allen

Joy and Kyle Branyon

Frank Crawford

Suzanne Y. and Edward R. Allen

Richard A. Bray

Jan C. Crocker

Jennifer O’Flannery Anderson and

Rod Breene

Jan R. and James A. Cummings

Nancy Lynn Brown

Diane and John Dalsimer

Jeannette Archer-Simons and

Anita and Ralph M. Byer

Carolyn Davis and Ned Black

Cindy and Jim Caird

Cathy and James Donnelly

Carla and Giorgio Arra

Melanie M. Camp

Maggie and Jim Dunn

William W. E. Ash III

Linda B. and R. Michael Carter

Susanne and Marty Ellman

Mimi Bauer

Rita Case

Doris D. Emmett

‍Ann M. Bederman

Barbara R. Castell

Lorraine and Gerry Farmer

David Behr

Keith and Dot Cobb

Lawrence “Larry” S. Feuer

David C. Bland

Bonnie Collins

Donna Fisher-Williams

Lisa A. Bonk

Carol Cooper

Louis and Janine Flematti

Peter Anderson Robert E. Simons

Diane and Angelo Gencarelli Jean and Tom Giordano Elisa R. and Barry H. Goldman Best-selling author Brad Meltzer, whose books include The Escape Artist, The Lincoln Conspiracy and the children’s book series, Ordinary People Change the World, provides his insights at the Community Foundation of Broward’s 2021 Legacy Society celebration in February.

Mitchell E. Grant Barbara T. Gray Wilson B. and Susan Greaton Barbara Grevior Richard Grillo Madelaine and Steven J. Halmos Ed Hashek and John Jors Frank and Roberta Helsom Ronald Herron William Victor Higdon Jane N. Huston Paige and Steve Hyatt

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Lesley Mitchell Jones Emerson W. Kanode


$360M

in planned/estate gifts are promised by

165 Legacy Society Members.

Cindy and Laurence M. Kashdin

Hugh E. Root

Tundra M. King

Amanda and Noah Rosenfarb

Brigitte Kimmich

Charles L. Ross

“Being thankful is not

Victoria C. Kirby

John D. Ryan

good enough. I need

Walter W. Krueger

Heidi Schaeffer

to give back to the

David B. Kyner

Franklin R. Schmidt

community.”

Lynn and James B. LaBate

Steve and Carole Scott

Marcy Lambert

Grace Dudleck Shepherd

Christine L. and Arthur W. Lambertus

Marianne and Randolph J. Shine

Gerald L. Laskey

Patricia A. Shub

Ida and Raymond H. Leightman

Andrew and Lynn Siebert

Robert Lichtenstein

Leslie Siegel

Beth E. Linzner

Eugene C. Smith and David A. Moon

Gabriele E. Magdanz

Fred G. Smith

MP and James Malone

Hilda Sokolowski

Patricia Martinez

William C. Spencer

Community Foundation

Virginia M. McCormick

J.R. Steele

will be doing the work

Alex McCroson and Shawn Powell

Patricia A. Stover

for me, and it goes on

James D. McKenzie

Sandy and J. Kenneth Tate

forever.”

Jo Ann K. and Donald B. Medalie

Nancy and Bill Thies

Greg Medalie

Steven Jay Thor

Daryl G. Miller

Sondra R. Title

Virginia I. and Thomas J. Miller

Ben and Barbara Tobias

Jan Moran

Gregory D. Unwin Moore

Carolyn Morgan

Melba Urbanek

Sandra Muvdi

Paula Valentine

Jacqueline Niehaus

Elaine Vasquez

Nanette and Mark Olson

Charles L. Verner

Pat Owen

Janice Weintraub and Irwin Weideger

Susan Nolan Palmer

Dixie E. Wheeler

Sarah and Scott Parker

June Wise

Ingrid and Brian Poulin

May Jean Wolff

Ann S. Powell

Kurt Zimmerman

David E. Ratcliffe

Anonymous (42)

Nancy and Dave Reierson Sally J. Robbins

“By partnering with the Community Foundation, I know my impact will be broad and will touch many people.” “I love knowing that the

Larry Feuer, Community Foundation of Broward Legacy Society Member


PROFESSIONA ADVISORS CO

OUR PROFESSIONAL ADVISORS COUNCIL IS AN ELITE GROUP OF ATTORNEYS, ACCOUNTANTS AND FINANCIAL ADVISORS WHO HAVE REFERRED CLIENTS WHO CREATE CHARITABLE FUNDS AT THE COMMUNITY FOUNDATION. WORKING TOGETHER, WE HELP THEIR CLIENTS ACHIEVE THEIR CHARITABLE GOALS AND CREATE A BOLD IMPACT FOR OUR COMMUNITY. Frank T. Adams, Esq.

Richard G. Coker, Jr., Esq.

Douglas F. Hoffman, Esq.

Louis C. Anderson, Esq.

Marinela Collado, CPA/PFS, CFP®

Andrew L. Jimenez, Esq.

‍ Peter Anderson, CFP®, CPFA, CEPA

Joan K. Crain, TO

Jennifer W. Jones

Lisa K. Crawford, Esq.^

Robert B. Judd, Esq.

James B. Davis, Esq.

Thomas O. Katz, Esq.

David J. Diaz, CFP

Robert L. King, Esq.

James M. Dolan, CPA

Robin J. King, Esq.

Frank B. Dolph III

Tracey Kinker, CPA

Mary Sue Donohue, Esq.*

James B. LaBate Jr.

Tanya L. Bower, Esq.

Pamela A. Fau, CTFA

John Lacy, CPWA®

Francis B. Brogan, Jr., Esq.*

Ralph L. Focaracci, CPA

Dunwody White & Landon, P.A. Louis C. Anderson Law Office, LLC

Woodforest Wealth Strategies/Raymond James Financial Services

‍ Adan A. Aulet, Jr., Esq. MacLean & Ema, P.A.

Kaley N. Barbera, J.D., LL.M. Snyder & Snyder, P.A.

Richard A. Berkowitz, JD, CPA

Berkowitz Pollack Brant Advisors and Accountants

Jeffrey N. Blaze, CFP

FDR Financial Group, Inc.

Judy B. Bonevac, Esq.

Judy Barringer Bonevac, P.A. Chair of the Professional Advisors Council

Tripp Scott

Ralph M. Byer

Merrill Lynch Wealth Management

Cynthia Borders-Byrd, CPA C Borders-Byrd, CPA, LLC

John Cartledge

Aurora Private Wealth

Kathleen M. Casey, Esq. Kathleen M. Casey, PLLC

Lowell J. Chick, CPA, MBA Chick and Karo, CPA’s, P.A.

Christina M. Cleveland, FA 16

Merrill Lynch Wealth Management

Alan B. Cohn, Esq. Greenspoon Marder

Coker & Feiner, P.A.

Tobias Financial Advisors

BNY Mellon Wealth Management Lisa Crawford K. Crawford, Esq., PLLC Gunster

Merrill Lynch Wealth Management James M. Dolan, P.A.

Frank B. Dolph III & Associates DG Law/Bridging Generations LLP SunTrust Bank, South Florida, N.A. Ralph L. Focaracci, P.A.

John P. Friedrich, Esq. Friedrich & Friedrich, P.A.

Jill R. Ginsberg, Esq.^ Ginsberg Shulman, PL

Adam S. Goldberg, Esq.

Revis, Hervas, & Goldberg. P.A.

Deborah P. Goodall, Esq.

Goldman Felcoski & Stone, P.A.

Katherine N. Guida, TO

The Northern Trust Company

Marie C. Hansen, TO

The Northern Trust Company

Rudolf & Hoffman, P.A.

Jimenez Law Offices, P.A. Gunster

Olive Judd, P.A.

Katz Baskies & Wolf PLLC Robert L. King Law Office King Law

Tracey J. Kinker, CPA, P.A. Lake Management, LLC. The Lacy Wealth Management Group/ Merrill Lynch

Stephen J. LaForte

Fifth Third Private Bank

Christine L. Lambertus, Esq. Lambertus & Lambertus, P.A.

Jody Leslie, Esq.

Leslie & McLaughlin, LLP

Vladimira Libansky, Esq. Robert L. King Law Office

Beth E. Linzner, Esq. Beth E. Linzner, P.A.

Jack R. Loving, Esq.

Loving Scully Law Group, PLLC

Kristen M. Lynch, Esq. Lubell & Rosen


AL OUNCIL

80%

of our Community Builders – philanthropists who create charitable Funds of $1 million or more – come from collaborations with professional advisors.

Anne B. MacLean, Esq.

Barbara A. Shore, Esq.

Mark R. Maller

Jeffrey Shover Ameriprise

“I’m proud to lead

Patricia Anne Martinez, MBA, LUTCF, CLTC

William A. Snyder, Esq.

this talented group of

MacLean & Ema, P.A. Wells Fargo Advisors

Coastal Wealth

Donald B. Medalie, Esq. Medalie & Medalie, P.A.

Greg Medalie, Esq.

Medalie & Medalie, P.A.

Kenneth R. Mikos, Esq. Kenneth R. Mikos, P.A.

Barry Mukamal, CPA, PFS, ABV, CIRA, CFE, CFF Kapila Mukamal CPAs

Cort A. Neimark, Esq.* Peter A. Portley, Esq. Portley and Sullivan

Raymond J. Powers

Powers & Disque, CPA, P.A.

David Ratcliffe* Carlos J. Reyes, Esq. Reyes Law Group, P.A.

Jennifer J. Robinson, Esq. The Northern Trust Company

Charles D. Rubin, Esq.

Barbara Ann Shore, P.A.

Snyder & Snyder, P.A.

professional advisors

Karen J. Spigler, CPA, Esq.

who recognize the value

Law Firm of Karen Spigler, LLC

William F. Sullivan, Esq.* Eric W. Sulzberger, Esq.

to help achieve their

Benjamin A. Tobias, CFP®, CPA/PFS, CIMA*

clients’ charitable goals.

John Torregrosa

UBS Financial Services, Inc.

shaping a brighter future

Emilie M. Tracy, Esq.

for our community.”

Philip Verde, CFP, CTFA Truist Wealth

Charles L. Verner

UBS Financial Services, Inc

Jo Ann Voight, CPA*

Jo Ann Head Voight, CPA, P.A.

Patricia R. Voss, Esq. Patricia R. Voss, P.A.

Misty Weinger, CPA/CFF, CVA

‍ Gregory J. Schaeffer

Steven H. Woods, CPA

Fusion Analytics Investment Partners, LLC Kofsky Weinger, P.A.

Keefe, McCullough & Co., LLP

Barry S. Schinder, Esq.

Christine Yates, Esq.

Ilene S. Schnall J.D., LLM

Charles D. Zalakar, CTFA

David M. Scully, Jr., Esq.

Kurt D. Zimmerman, Esq.

Ilene S. Schnall, P.A.

Loving Scully Law Group, PLLC

Jeffrey S. Selzer, Esq. Selzer Law

Judy Bonevac, Chair of the Professional Advisors Council

Debra Vogel*

Gary L. Rudolf, Esq.*

Barry S. Schinder, P.A.

It’s exciting to be a part of

Emilie M. Tracy, P.A.

John M. Walsh, JD

Morgan Stanley

Community Foundation

Law Offices of Sulzberger & Sulzberger

Gutter Chaves Josepher Rubin Forman Fleisher Miller, P.A. Rudolf & Hoffman, P.A.

of partnering with the

Tripp Scott

The Northern Trust Company

Zimmerman & Associates, P.A. *retired ^ new member since July 2021

New Professional Advisors Council Chair Judy Bonevac (center) meets with (left to right) Jennifer O’Flannery Anderson, Kurt Zimmerman, Mark Kotler and Nancy Thies for a planning session about council events.

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2021 BOARD O INNOVATIVE EXECUTIVES AND DEDICATED COMMUNITY LEADERS MAKE UP THE BOARD THAT DRIVES THE COMMUNITY FOUNDATION TO CREATE BOLD IMPACT. THIS DYNAMIC LEADERSHIP TEAM IS ENGAGED, HANDS ON AND EAGER TO HELP SHAPE A BRIGHTER FUTURE FOR BROWARD. experience includes work

PEGGY HOGAN MARKER,

and past chair of The Urban

James is

within the General Counsel

Secretary

League of Broward County

founder and

offices of both the CIGNA

Peggy is a

and a Broward Workshop

CEO of the

and Prudential Property

partner and

board member.

Castle Group.

and Casualty Insurance

president

JAMES DONNELLY, Chair

He is a CPA, entrepreneur

Companies. Juliet’s love

and philanthropist. He

of Broward County is seen

Construction Group. She

ALICE LUCIA JACKSON,

chaired the Community

through her involvement with

is also partner in a family-

At Large

Foundation’s BE BOLD

the Greater Fort Lauderdale

owned commercial and

Alice recently

Leadership Campaign

Chamber of Commerce,

residential development

completed

Committee, is immediate

Broward Workshop, Greater

company based in New

a 36-year

past chair of the Broward

Fort Lauderdale Alliance, and

York and was previously

Workshop and sits on the

the Museum of Discovery

Senior Vice President &

commercial real estate as

LeMieux Center for Public

and Science.

career in

Director of Development

senior vice president of

Policy board of advisors.

for an advertising agency.

Jones Lang LaSalle. Her

James is an NSU Huizenga

Peggy has a passion for

honors include the 2017

School of Business Hall

KURT D. ZIMMERMAN,

helping to improve our

Lifetime Achievement Award

of Fame member, a South

Treasurer

community highlighted by

by her business peers,

Florida Business Journal

Kurt has

her involvement with the

2017 Magnolia United Way

“Ultimate CEO,” the

practiced

Museum of Discovery and

Leadership Award, 2009

Sun Sentinel’s Excalibur

law for

Science, Humane Society

Office Broker of the Year and

approximately

Business Leader of the Year

18

of Marker

of Broward County, Heart

Power Broker from 2006-

for Broward, and recipient

30 years in the area of trusts

Gallery of Broward County,

2015. She is a Leadership

of the 2019 Terry Stiles

and estates. He is a past

PAWS, SPARK, Save the

Broward graduate, a

South Florida Leadership

Chair of the Community

Children, the Fire House

Tocqueville Society member

Award of the Greater Fort

Foundation of Broward

Museum and 4Kids.

and serves on the National

Lauderdale Chamber of

Professional Advisors

Commerce.

Council. He also serves on

Advisory Board for the Breast Cancer Research

the governing board of the

DORIA M. CAMARAZA,

Broward Performing Arts

At Large

Foundation.

JULIET MURPHY

Foundation. He formerly

Doria is senior

ROULHAC, Vice Chair

served on the governing

vice president/

Juliet is the

board of the YMCA of South

general

David, the

Regional

Florida, was a “big brother”

manager

president

Director of

in Big Brothers Big Sisters of

for the American Express

External

J. DAVID ARMSTRONG JR.

emeritus

Broward, and is a Leadership

Company. She has been

Affairs for Florida Power

Broward graduate. Kurt is a

named an “Ultimate

College, brings his strong

& Light Company. She is

graduate of the University

CEO” and one of the

education background and

an attorney with over 25

of Michigan where he was a

Most Influential Women

deep community knowledge

years of complex business

First-Team Academic All-Big

in Business by the South

to this Board that provides

litigation and appellate

Ten athlete. He received his

Florida Business Journal.

leadership and distributes

experience. Juliet’s prior

law degree from Vanderbilt.

Doria is a board member

grants to tackle Broward’s

of Broward


OF DIRECTORS biggest challenges.

JAMES B. DAVIS

EDWARD T. HASHEK

graduating Magna Cum

Armstrong is also co-

Jim is a

Ed has more

Laude with a Master’s

chair for the Greater Fort

shareholder

than 40

degree in Information

Lauderdale Alliance Six

at Gunster

years of IT

Technology and received

Pillars Economic Program

and Tax

experience

continuing executive

and on the Broward

Practice group leader. He

in the banking industry

education at London

Workshop Board of

focuses on estate planning,

leveraging technology. He

Business School.

Directors. He was Broward

employee benefits and entity

worked with FIS, the world’s

College president from

taxation. Jim is rated Band

largest provider of banking

June 2007 to June 2018.

1 in Chambers USA and

and payment technologies.

is a Preeminent AV Rated

Ed served as a Trustee for

David is the

attorney in Martindale.

the Milwaukee Art Museum,

Chairman of

He serves as an adjunct

board president of AIDS

the Board and

Jane serves

professor at the University of

Resource of Wisconsin

as Mayor

Miami Law School.

and board member of

Ocean Capital Partners,

the Milwaukee Repertory

and previously Chairman

Theatre. He is currently on

of WLD Enterprises. He is

the board of the Island City

a board member of United

Stage Theatre.

States Artists and a founder

JANE F. BOLIN

of Oakland Park. She is the founder and managing

ALBERTO FERNANDEZ

DAVID W. HORVITZ

CEO of South

partner of PeytonBolin, a

Al is president

real estate law firm, and

of ANF Group in

and former chair of the

Giannell Title, an attorney

Davie, a leading

board of Camp Boggy

operated title company. She

provider of

MARCELL HAYWOOD

Creek. David is also on the

currently serves as a charter

preconstruction, construction

Marcell is an

board of The Lewis Prize, a

officer and the chair of the

management, general

entrepreneur

grantmaking organization

Governance Committee

contracting and design-build

and business

in the arts focused on

for the Entrepreneurs’

services. As a founder of the

executive,

music education. He is the

Organization (EO). Jane

company, Al has been at the

CEO of Thesis Holdings

past Chair of the Board of

is heavily involved with

forefront of producing the

and Founder & CEO of

Governors of the NSU Art

nonprofits and community

quality of work that makes

Encompass Onsite Solutions.

Museum Ft. Lauderdale

groups and previously

ANF Group, Inc. a South

A graduate of Leadership

and was a Trustee of the

served as a board member

Florida building industry

Broward, Marcell volunteers

Kresge Foundation. David

for the Children’s Diagnostic

leader. He is a member of the

his time to mentor young

also served on the Boards

and Treatment Center, the

Construction Association of

entrepreneurs, was a

of Nova Southeastern

Girl Choir South Florida,

South Florida, Latin Builders

former board member of

University, the Miami Music

EO of South Florida, EO of

Association, Hispanic Unity

Entrepreneurs Organization

Association (Cleveland

Tampa Bay, Asian Pacific

of Florida and serves an

and the Sponsorship

Orchestra Miami), and

American Bar Association

alternate on the Board

Committee for the Dolphins

the Jewish Federation of

of South Florida, Khushi

of Rules and Appeals for

Cancer Challenge. He is

Broward County. He is a

Hona, Florida Rugby Union,

Broward County. Al also

a board member of Holy

graduate of Kenyon College

World Aids Museum, and

serves as a Board Member for

Cross Hospital and Broward

and has a J.D. from the

the Pride Center of South

the Joe DiMaggio Children’s

Workshop. Marcell studied

University of Florida.

Florida.

Hospital Foundation.

at Florida State University,

19


“Each of our Board Members bring unique talents and experiences that help fuel the Foundation’s mission to foster BOLD philanthropy.” James Donnelly, Community Foundation Board Chair

SUSANNE CORNFELD

Forum on Women’s Health,

and has edited several

Stoneman Douglas High

HUROWITZ

PAWS, Lauderdale Debutante

published books. She is

School in Parkland. Nancy

Susanne is

Presentation Committee,

currently a member of the

serves on The Alliance of

President of HB

Memorial Hospital’s Pink

United Way of Broward

Greater Fort Lauderdale

Capital Group,

Angels, and Fort Lauderdale

County Tocqueville Society,

Board of Directors, Broward

a privately-

Alumnae Panhellenic. She

Joe DiMaggio Children’s

Business Council on

held, real estate investment

has been an ambassador

Hospital Foundation/

Homelessness, Broward

and management company.

of the Foundation since

Memorial Hospital

Workshop and the Nova

She was formerly President

its inception, supporting

Foundation Board, and a

Southeastern University

of SCH Consulting,

operational efforts and

founding member of the

Ambassador’s Board. She

which advised nonprofit

special interest fundraising

Circle of Friends for the Alvin

is a cancer survivor and has

organizations on strategic

over the years.

Sherman Library Research,

worked extensively with

planning initiatives.

Information, and Technology

Susan G. Komen – New

She was Director of

Center at NSU. Dara is a past

England.

Development for Homes for

board member of Young

Anne formerly

At Art Children’s Museum,

and has remained on the

served as

I Care I Cure Childhood

board for the past 15 years.

the agency

Cancer Foundation, and the

Dev serves

Susanne is currently on the

coordinator

Goodman Jewish Family

as President

Services of Broward County.

of Merrimac

DEV MOTWANI

Boards of the Joe DiMaggio

of Cities in Schools and

Children’s Hospital

co-owned a meeting

Foundation/Memorial

and convention planning

Hospital Foundation, Nova

service. Anne served on

Southeastern University,

the boards of Stranahan

Nancy is

Residential. Prior to his

the Institute for Children

House, Broward Outreach,

President of

current roles Dev worked

and Poverty, and the

Greater Fort Lauderdale

the Miami

at Credit Suisse in New

Advisory Board of NSU

Film Festival, Junior League

Herald and

York City. He has worked

University School. Susanne

of Greater Fort Lauderdale,

el Nuevo Herald. She is

in the White House and on

holds a BA from Tufts

Jack & Jill Children’s Center

former Publisher and

the 2000 Gore/Lieberman

University and an MBA

and the University of Miami’s

General Manager of the

Presidential Campaign. Dev

from Columbia University.

Forum on Women’s Health.

Sun Sentinel Media Group

plays an active role in the

and the Orlando Sentinel.

South Florida community

Under Nancy’s leadership,

and is currently involved

Ventures and Founder and Managing NANCY A. MEYER

Partner of Chieftain

the Sun Sentinel won

with the Broward Center

Paige is an

Dara is a

the 2019 Pulitzer Prize

for the Performing Arts

engaged

communication

for Public Service for

Foundation, Broward College

community

specialist,

impactful coverage of the

Foundation, Orange Bowl

leader in

writer and

mass shooting at Marjory

Host Committee, Broward

PAIGE HYATT

20

ANNE K. JOYNER

the Homeless in New York

DARA LEVAN

Broward County. Her

editor who publishes the

Workshop and the Crockett

volunteer leadership roles

weekly blog and website,

Foundation.

include Friends of Jack & Jill

Every Soul Has A Story.

Children’s Center, Florida

She previously worked as a

House, University of Miami’s

speech-language pathologist


THOMAS R. OLIVERI

government foreclosures.

Tom is senior

She is a founding Board

market

Member of Our Fund, an

executive,

LGBT foundation in Fort

Broward

Lauderdale. Originally

County, of The Northern

from Oklahoma, Mona co-

Trust Company. He is

founded the Tulsa Girls Art

responsible for a team of

School, a nonprofit serving

professionals who serve

underprivileged girls. She

high net worth clients and

is a member of the Board

families with comprehensive

of Trustees for Phillips

wealth management

Theological Seminary in

services incorporating

Tulsa. Mona has served

investment management,

on the national boards of

trust and banking. Tom is

Lambda Legal, Victory Fund

active in civic and not-

and the national board of

for-profit organizations

Freedom for All Americans.

serving on the following Boards / Committees: Memorial Foundation

Community Foundation leaders gather to work on a new strategic plan to guide BOLD impact in the years ahead.

DAVID M. SCULLY

and Joe DiMaggio and

David is a

Children’s Hospital

partner in

Foundation (Chairman),

the Loving

Nova Southeastern

Scully Law

University Ambassadors

Group in Fort Lauderdale.

Board, Broward Center for

He specializes in estates,

the Performing Arts Board,

tax law and corporate law.

Broward Workshop Board

David is a member of the

and the South Broward

Community Foundation’s

Hospital District Finance

Professional Advisor

Committee.

Council. He has served on the Steering Committee of the Annual Joint Tax and

MONA PITTENGER

Estate Planning Seminar, the

Mona is

Board of Trustees at Saint

an LGBT

Mark’s Episcopal School and

activist and

helped lead the Islamorada

philanthropist,

Fishing and Conservation

based in Fort Lauderdale.

Trust. David was born in St.

In 2011, she retired as

Thomas, U.S. Virgin Islands,

owner of a real estate

and lived in Miami as a

company specializing in the

child before moving to Fort

management and sale of

Lauderdale.

21


PAST BOARD MEMBERS Suzanne Y. Allen

Katherine M. Eggleston

Robert B. Judd

Arlene Pecora

W. George Allen*

Richard L. Engberg

Thomas O. Katz

David E. Ratcliffe

Elliot B. Barnett*

Leonard L. Farber*

Patricia R. Kearns

Carlos J. Reyes

Richard A. Berkowitz

Bernardo B. Fernandez Jr.

Stewart R. Kester Sr.*

Mary Riedel

Francie Bishop Good

George E. Gadson

James B. LaBate, Jr.

Leonard Robbins*

Gary E. Bitner

Linda L. Gill

Christine L. Lambertus

Sally J. Robbins

James J. Blosser

Daniel E. Gordon

Michael G. Landry

Ramon A. Rodriguez

Nancy W. Blosser

Wilson B. Greaton Jr.

Raymond H. Leightman

Roy L. Rogers

Holly Bodenweber

Howard Greenberg

Armando Leighton, Jr.*

Jacquelyn Rogow

Cynthia Borders-Byrd

Barbara Grevior

Jarett S. Levan

Barbara Roti

Francis B. Brogan, Jr.

William Gundlach*

Susie Levan

John W. Ruffin Jr.*

Anthony Brunson

Steven J. Halmos

Alan J. Levy*

Maria T. Sanjuan

Gale M. Butler

Frank E. Helsom

Marsha O. Levy

Tony Segreto

Rita Case

Robert J. Henninger Jr.

Herschell Gordon Lewis*

William L. Shillington

Barbara R. Castell

Frederick L. Hicks

Jack R. Loving

Christopher L. Smith

Margarita T. Castellon

David W. Horvitz

Anne B. MacLean

William A. Snyder

D. Keith Cobb

William D. Horvitz*

Patricia L. Mahaney

Raymond C. Southern

Joan K. Crain

Walter E. Howard

Mark R. Maller

George E. Sullivan

Jan C. Crocker

Steven W. Hudson

Wendy Masi

William F. Sullivan

Jan R. Cummings

Marti Huizenga*

John C. McKeon

Kim Sweers

Ward J. Curtis Jr.*

Edwin A. Huston*

Cori Flam Meltzer

Paul Tanner

Shaun M. Davis

R. Stephen Hyatt

H. Kent Mergler

J. Kenneth Tate

John B. Deinhardt*

Joseph E. Jack*

Virginia I. Miller

Judith M. Thiel

Elizabeth C. Deinhardt*

Bacardi Jackson

Frederick V. Miller*

Norman D. Tripp*

Louise F. Dill

Nona L. Jones

Joseph R. Millsaps*

Leslie C. Tworoger

Patricia Du Mont

Janet C. Jordan

Albert J. Miniaci

Jose B. Valle

Karen Mitchell Curran

Elaine Vasquez

Chris Mobley

Douglas J. Von Allmen

Maj. Gen. James W. Monroe

John M. Walsh

Jan Moran

Steven H. Woods

Thomas P. O’Donnell*

*Deceased

A. Gordon Oliver* Stacy Ostrau Charles L. Palmer

Former Community Foundation of Broward Board Chairs Wil Greaton, Richard Berkowitz, Christy Lambertus, Rey Leightman, Carlos Reyes and Jim LaBate attend a luncheon in June to celebrate their service and offer insights about the Foundation’s goals and strategies.


OUR STAFF

OUR HIGHLY SKILLED TEAM PARTNERS WITH LOCAL PHILANTHROPISTS TO MAKE A BOLD IMPACT FOR THE COMMUNITY WE LOVE.

Jennifer O’Flannery Anderson, Ph.D. President/CEO joa@cfbroward.org 954-761-9503 ext. 101

Andria Baker Development Coordinator abaker@cfbroward.org 954-761-9503 ext. 121

Annette Bauer Senior Director of Finance and Operations abauer@cfbroward.org 954-761-9503 ext. 137

Carol Dorko Chief Financial Officer/ Chief Operating Officer cdorko@cfbroward.org 954-761-9503 ext. 107

Kirk Englehardt Vice President, Marketing and Communications kenglehardt@cfbroward.org 954-761-9503 ext. 105

Sheri Brown Grosvenor Vice President, Community Impact sbrowngrosvenor@ cfbroward.org 954-761-9503 ext. 103

Laytoya Jacquett Office Assistant ljacquett@cfbroward.org 954-761-9503 ext. 111

Amanda Kah Charitable Funds Services Director akah@cfbroward.org 954-761-9503 ext. 115

Mark Kotler Senior Director, Philanthropic Services mkotler@cfbroward.org 954-761-9503 ext. 130

Yvette Lawson Executive Assistant to CEO/Office Manager ylawson@cfbroward.org 954-761-9503 ext. 100

Jennifer Powers Director of Philanthropic Services jpowers@cfbroward.org 954-761-9503 ext. 113

Andrew Reid Director of Communications areid@cfbroward.org 954-761-9503 ext. 102

Angelica Rosas Director of Community Impact arosas@cfbroward.org 954-761-9503 ext. 114

Nancy Thies Vice President, Philanthropic Services nthies@cfbroward.org 954-761-9503 ext. 106

The Community Foundation staff, led by President/CEO Jennifer O’Flannery Anderson (center), tours Flamingo Gardens during a staff retreat.


2021 FINAN TOTAL ASSETS

$269,155,099

ANNUAL GRANTS

$269M

$13,918,954

$14M

INVESTMENT RETURNS

Community Foundation of Broward Target Benchmark

11.6% 10.7%

7.6%

7.8% 7.1%

7.2%

$100M $5M

$2M

$39M $361K

$5M

1991

2001

2011

2021

1991 2001 2011 2021

5 YEAR

7 YEAR

10 YEAR

FINANCIAL OVERVIEW

24

As the size and scope of the Foundation have grown, so has the sophistication of our financial systems and internal controls. Clear responsibilities, independent decision making and separation of duties are some of the key parts that make the Foundation an outstanding fiduciary.

T H E B OA R D O F D I R E C T O R S is a fiduciary and approves and monitors the operational and grant budgets of the Foundation through monthly financial reports. The Board has complete oversight of the management of investments.

T H E I N V E S T M E N T C O N S U LTA N T monitors each investment manager firm’s performance relative to their benchmark and peer universe. If returns are outside acceptable levels or structural change, such as manager turnover or if style drift occurs, a comprehensive review is triggered. Without confidence in a stronger future performance, the investment consultant suggests a replacement investment manager.

T H E F O U N DAT I O N S TA F F provides comprehensive, accurate and timely back-office support. All investment activity including income, expense, realized and unrealized gain activity is allocated on a Fund level basis. All investment statements are compared to reports prepared by the investment consultant, and monthly financial reports are provided to the Board of Directors.

THE INDEPENDENT INVESTMENT C O M M I T T E E comprised of highly experienced business and financial leaders from the community, undertake quarterly performance reviews to monitor the portfolio and report back to our Board of Directors.

T H E AU D I T C O M M I T T E E reviews the Foundation’s systems of internal controls regarding finance, accounting and legal compliance. Again this year, the auditors reported the Foundation has outstanding internal controls and financial practices.


NCIALS

As of June 30, 2021

ASSET ALLOCATION

Condensed Statement of

FINANCIAL POSITION

As of June 30, 2021

June 30, 2021

Growth Assets

7.6%

Risk Reduction Assets

ASSETS

Non US Emerging Market Equities

Inflation Protected Assets

9.4%

Domestic Small Cap Equities

15.5%

Select Strategies

24.0%

Domestic Large/Mid Cap Equities

Cash $288,712

Investments

260,175,610

Bequests receivable

2,000,000

Promises to give, net

4,472,314

Assets under split-interest agreements

1,232,127

Prepaid expenses and other assets

357,879

Other real estate

500,000

Property and equipment, net

128,455

TOTAL ASSETS

$269,155,097

LIABILITIES

Accounts payable and accrued expenses

$165,783

Grants payable

2,279,017

Refundable advances and liabilities under

split-interest agreements

587,707

Agency transaction payable

21,328,946

Total Liabilities

$24,361,453

Total Net Assets

$244,793,644

TOTAL LIABILITIES AND NET ASSETS

$269,155,097

Condensed Statement of

ACTIVITIES AND CHANGES IN NET ASSETS 12 Months Ended June 30, 2021

3%

Private Equities

11%

Fixed Income

4.3% Cash

1.8%

Hedge Funds

2.8%

Hard Assets /Real Estate

20.6%

Non US Developed Equities

REVENUE AND SUPPORT

Contributions and bequests

Net investment returns

Other revenue

371,740

Total Revenue and Support

$72,676,482

$13,414,319 58,890,423

EXPENSES

Community impact grants

Management and general administrative

$15,248,207

Fundraising - Building Philanthropy for Broward

830,465

Total Expenses

$16,998,855

Change in net assets

$55,677,627

920,183

NET ASSETS

Net assets beginning of year

$189,116,017

Net assets end of year

$244,793,644

A complete set of financial statements with accompanying footnotes and unmodified auditor’s report issued by Keefe, McCullough & Co., LLP, as well as IRS Form 990, are available for review at the Community Foundation of Broward office and on our website at cfbroward.link/Financials

25


WHAT SETS US APART The Community Foundation of Broward provides community leadership, fosters bold philanthropy and builds permanent resources to tackle Broward’s big challenges – today and forever. • Unmatched local knowledge • Tailor-made giving strategies • Philanthropic expertise • 30+ year track record of success • Outstanding fiduciary oversight • Endowment ensures your BOLD impact continues forever

910 East Las Olas Boulevard | Suite 200 | Fort Lauderdale, Florida 33301 t 954.761.9503 | f 954.761.7102 | cfbroward.org | info@cfbroward.org We were the first community foundation in Florida and remain among an elite group of community foundations nationwide to be confirmed in compliance with the National Standards for U.S. Community Foundations.

Publication Date: October 2021