Community Foundation of Broward - 2020 Report to the Community

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

Jacklyn Laflamme is an award-winning artist whose murals and other public arts projects enliven communities all across Broward. She created her BE BOLD painting at our 2019 Community Builder Celebration. Her colorful work is featured throughout this report.

OUR IMPACT AT A GLANCE 479 $49.6 million $12 million

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

Total new gifts and planned/estate gift promises to the Community Foundation in 2019-2020.

Total granted from charitable Funds in 2019-2020.

$131 million

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

$209 million

Total assets – our philanthropic muscle – managed by the Community Foundation and made possible by our visionary Fundholders.

37 168 $335 million Top 100

Number of Community Builders – philanthropists who have created an endowed charitable Fund of $1 million or more.

Number of Legacy Society Members – philanthropists who have included a gift to the Community Foundation in their will/estate plan.

Total amount of planned/estate gifts promised to the Community Foundation by our Legacy Society Members.

We are ranked among the nation’s top 100 community foundations and moved up to 87 in 2020.

We gratefully acknowledge our friends who make this publication possible:

Harry T. Mangurian, Jr. Foundation, Inc.

1 | BOLD WAY FORWARD

(Fiscal year data as of June 30, 2020)

A MESSAGE ABOUT OUR BOLD WAY FORWARD This has been a year of dramatic change for our community, and the Community Foundation of Broward is charting a bold way forward.

As the pandemic changes life as we know it, support from our Fundholders enables us to provide critical immediate relief for struggling residents. And through the power of our endowment, we invest in long-term solutions to help Broward bounce back, better than ever.

In addition, a renewed call for social justice has triggered a deeper look at ways to overcome racism. By reaching out and forging new collaborations, we continue to create strategies for healing and opportunities for more residents to achieve success.

Linda Carter’s amazing leadership made sure the Community Foundation was ready to step up during these challenging times. And following her retirement in June after 23 years of dedicated service, Linda continued to lend her expertise to ensure a smooth transition and help launch an exciting new era at the Community Foundation.

2 | BOLD WAY FORWARD

This year demonstrates what bold local philanthropy can do and how Broward needs it now more than ever.

Thanks to the bold donors who partner with us to support the place we all call home, the Community Foundation will be there to tackle Broward’s big challenges – during this crisis and beyond.

James Donnelly,

Jennifer O’Flannery Anderson, Ph.D.,

Board Chairman

President/CEO

“The Community Foundation of Broward has proven that the power of philanthropy can deliver solutions to Broward’s biggest challenges.”

– Linda B. Carter

“This is a pivotal moment for our community and the Community Foundation will lead the way to help shape a brighter future.”

– Jennifer O’Flannery Anderson, Ph.D.

After Linda retired, she and Jennifer teamed up over the summer for strategy sessions to ensure a smooth transition during these times of big changes for our community and the Foundation.

BOLD LEGACY

BOLD NEW ERA

– President/CEO 1997 - 2020

– Started as President/CEO August 2020

Linda’s Lasting Impact

Jennifer’s Leadership Experience

• The Community Foundation was the first in Florida

• At Nova Southeastern University, Jennifer as Vice

to achieve national accreditation, Foundation assets

President of Advancement and Community

grew from $20 million to more than $200 million,

Relations created strategies to raise the school’s

and grantmaking has reached $12 million annually

profile, engage the community and grow

to support innovative solutions.

philanthropic support.

Jennifer O’Flannery Anderson, Ph.D.

• Community Foundation collaborations helped

• Helped lead NSU’s first capital campaign, which

decrease HIV/AIDS infection rates among newborns,

initiated foster care reform, boosted high school

• Before NSU, Jennifer was Vice President of

graduation rates, and more.

Community Engagement at Florida Atlantic

• Led by a talented team of highly skilled

University, Executive Director of the FAU

professionals, the Community Foundation of

Foundation and was the first female President and

Broward now ranks among the top 100 community

CEO of United Way of Broward County.

foundations nationwide.

raised $267 million in philanthropic giving.

3 | BOLD WAY FORWARD

Linda B. Carter

BOLD ACTION OUR CORONAVIRUS RES The Community Foundation is at the forefront of helping Broward residents face the far-reaching effects of the coronavirus crisis.

CRISIS RESPONSE SNAPSHOT

When the pandemic hit in March, we launched an extensive outreach to front-line nonprofits, community leaders and our Fundholders to assess Broward’s most pressing needs. We formed dynamic collaborations and created new strategies to get help to those who needed it most.

March – August $5.4M in Support From the Community Foundation

$1,251,440 Financial Assistance $1,215,347 Food

4 | BOLD WAY FORWARD

During the first five months of the crisis we provided more than $5 million in emergency pandemic response. That includes: • More than $3 million in immediate crisis response, through grant flexibility, emergency grants, funding partnerships and other crucial support. These critical resources help feed people in need, stabilize families facing homelessness, engage isolated seniors, provide online counseling to residents in crisis and much more.

• An initial $2 million to fuel long-term solutions to the pandemic’s effects on Broward’s Issues That Matter – which include help for struggling families, our seniors, local schools, the arts, our environment and other critical issues that affect us all and are vital to Broward’s future.

And we are just getting started. Thanks to visionary philanthropists with charitable Funds at the Community Foundation, we will always be there for Broward – during this crisis and beyond.

$1,858,918 Health/Medical $850,495 Housing Assistance

LEARN MORE Visit our pandemic response webpage, cfbroward.link/Coronavirus

$228,864 Food/Shelter for Animals

ESPONSE EXAMPLES OF OUR BOLD IMPACT

KEEPING FAMILIES IN HOMES: As the economic crisis creates more financial hardships for Broward residents, an emergency grant enables Neighborhood Housing Services of South Florida to keep 69 low-income local families from getting evicted and becoming homeless.

RECONNECTING FAMILIES: Seniors isolated by stay-at-home orders are reconnected with loved ones through video chats and other online activities, thanks to easy-to-use internet access added to their TVs with our support for the Goodman Jewish Family Services of Broward County.

FEEDING RESIDENTS IN NEED: Emergency grant for Harvest Drive Inc. to deliver bags of food to 800 struggling families.

CONNECTIONS TO RELIEF: Support to help the 2-1-1 Broward helpline boost callresponse capacity to keep up with spike in residents calling to get food, housing help, counseling and other crisis-related essentials.

FACE SHIELD PRODUCTION: New 3D printers and supplies jump-start Florida Atlantic University’s production of 5,000 face shields to protect front-line workers and others in Broward.

COMBATTING SENIOR ISOLATION: Resources to enable the Daniel D. Cantor Senior Center to safely reopen for daily meals and activities, while also boosting its in-home services.

CANCER FIGHT SUPPORT: Critical aid for Jessica June Children’s Cancer Foundation to provide financial assistance to the families of children undergoing cancer treatment, helping them overcome financial hardships related to the pandemic.

5 | BOLD WAY FORWARD

REFUGE DURING CRISIS: Infusion of support to help the Women in Distress domestic violence shelter respond to growing needs during the pandemic.

BROWARD’S ISSUES THAT MATTER Broward’s Issues That Matter are 10 big challenges that affect us all and are key to a brighter future.

Now, the far-reaching effects of the coronavirus crisis make each of these challenges more daunting.

That’s because more families now struggle to put food on the table. More seniors are cut off from vital services. More students have fallen further behind. These are just a few examples of why Broward requires more local philanthropy to fuel long-term solutions.

Our Fundholders take BOLD action on the Issues That Matter through grants from their charitable Funds, including Unrestricted Endowed Funds, Field of Interest Funds, Donor-Advised Funds and more. Now more than ever, Broward requires lasting support from charitable Funds to deliver innovative, long-term solutions – during this crisis and beyond.

ECONOMIC INDEPENDENCE

ART OF COMMUNITY

Empower hardworking residents to move from struggling to thriving with a hand up, not a handout.

Ignite creativity, fuel community pride and connect people to each other by growing and sustaining the arts.

40%

of Broward households live paycheck to paycheck – unable to save for financial emergencies.

$1,185,138 granted in 2019-2020 to help low-income residents learn new career skills, find jobs, attain affordable housing and more to become self-sufficient.

DIGNITY IN AGING

6 | BOLD WAY FORWARD

Create a better safety net of essential services that enables Broward’s booming 80+ population to live life to the fullest.

Broward’s 80+ population

grow by 73%

will in the next 10 years.

Onset of pandemic causes

$30M financial hit

for Broward arts organizations, now struggling to stay afloat.

$448,477 granted in 2019-2020 for musical performances, vibrant murals, arts education, cultural festivals and more to embed the arts in more Broward neighborhoods.

$323,286 granted in 20192020 through a groundbreaking Dignity In Action funding collaboration, which provided more than $600,000 total for in-home care, transportation, new technology, support for senior centers and other ways to break through senior isolation.

SCHOOL IS COOL Transform middle schools – a crucial pivot point for student achievement – to boost high school graduation rate to 90%.

$1 million granted

in the second year of a three-year, $3M program targeting 10 middle schools – to help low-achieving students improve attendance, behavior and course performance.

ECO BROWARD Protect Broward’s fragile environment to create a more vibrant and resilient place to live for generations to come.

2-foot sea-level rise by 2060 expected to threaten Broward neighborhoods and our drinking water supplies.

$136,000 granted in 2019-2020 to plant thousands of trees, restore eroded beach dunes, and research the cost benefits of preparing Broward for sea-level rise.

BFIT

CANCEL CANCER

BROWARD PRIDE

Empower residents to access to health care, healthy food and opportunities for physical activity.

Save lives in Broward by advancing breakthrough clinical trials in South Florida and providing local cancer patient support.

Foster equality, inclusion and acceptance for Broward’s LGBTQ+ residents to ensure everyone in our community is welcome and can succeed.

$289,654 granted

2 out of 3 Broward

adults at increased risk of cancer, diabetes and heart disease due to obesity and inactivity.

2nd highest rate

Broward has the

of new cancer diagnoses in Florida.

$295,742 granted in 2019-2020 to increase access to life-saving clinical trials and provide transportation, counseling and other critical support for Broward cancer patients.

$206,288 granted in 2019-2020 to support healthy living outreach, where residents learn to navigate opportunities for health care and healthier eating.

YOUTH WORK Shape tomorrow’s workforce with hands-on experiences that empower Broward’s youth to build career skills.

in 2019-2020 for televised town halls, school programs, legal services and other support to promote inclusion and stop discrimination of LGBTQ+ residents.

Broward is #1

for the amount of same-sex households in Florida, yet discrimination persists.

Unemployment for Broward young people seeking work is

2x the rate for workers age 24+.

$480,851 granted in 2019-2020 for job coaches, help attaining

Support has helped raise Broward’s graduation rate from 77% to

88% and we’re not done.

ANIMAL WELFARE Ensure Broward’s animals, wild and domesticated, are treated with respect and can live safely.

30,000+ domesticated

animals in Broward need homes and care each year.

$186,545 granted in 2019-2020 for spay and neuter programs, expanded adoption outreach as well as shelter and animal hospital support.

7 | BOLD WAY FORWARD

internships and other programs where young people learn skills to land parttime jobs and build career skills.

BOLD LEADERSHIP

Building permanent resources for our community. Providing guidance and philanthropic expertise.

Supporting community engagement.

Long before a pandemic reached our shores, we launched a bold movement to fuel solutions to Broward’s biggest challenges.

Since 2018, the BE BOLD Leadership Campaign has sparked innovation and inspired new thinking.

Through the power of endowment, the campaign creates permanent resources to tackle Broward’s Issues That Matter – challenges that affect us all and are key to a brighter future.

Now, the effects of the coronavirus pandemic make all the Issues That Matter more daunting. Help for hardworking families, isolated seniors, struggling students, the arts – now more than ever, we need the BE BOLD Leadership Campaign to fuel solutions that keep pace with Broward’s growing needs.

Already, the BE BOLD Leadership campaign has raised more than $164 million toward our $500 million goal. And we know we will get there, thanks to bold visionaries who step up for the community they love.

Dignity In Aging Funding Collaborative: Groundbreaking

collaboration with the Jewish Federation of Broward County, United Way of Broward County and The Frederick A. Deluca Foundation to create a better safety net for seniors.

Broward Census 2020:

Countywide outreach effort to boost census participation in all communities, especially low-income residents, seniors over 80, families with young children and other hard-to-count populations.

CARES Act collaboration:

Days after passage of the CARES Act coronavirus federal relief package we teamed with The Miami Foundation, The Jewish Federation of Broward County, United Way of Broward County, United Way of Miami-Dade and Berkowitz Pollack Brant Advisors + CPAs to help hundreds of South Florida nonprofits attain federal loans to sustain their crisis-response efforts.

Broward Workshop: Leaders

8 | BOLD WAY FORWARD

By joining this bold movement and creating an endowed charitable Fund at the Community Foundation, local philanthropists cement a legacy of always being there for Broward – during this crisis and beyond.

representing 100 of Broward’s major businesses and professions who seek solutions to big challenges and promote cooperation to achieve countywide goals.

Leadership Broward: Premier

local leadership training organization.

LEARN MORE - Visit www.cfbroward.org/be-bold - Call (954)761-9503 - Email info@cfbroward.org

Greater Fort Lauderdale Alliance: Economic development

organization that seeks to create and keep high-wage jobs and encourage investment in targeted industries that help make this a vibrant community.

2O2O

“We are leaving a legacy and impacting future generations,” Dara Levan, Community Foundation Board Member and Fundholder.

The Dara and Jarett Levan Fund for the Arts provides a lifeline of support to keep the arts going during the pandemic.

Coordinating Council of Broward: Creates collaborations

among business, government and nonprofits to improve health and human services in Broward.

Association of Fundraising Professionals: This year we helped

lead an online discussion about ways to avoid “unconscious bias” that can affect local philanthropy.

Nonprofit Executive Alliance:

Our staff and Board members are involved in civic leadership efforts all across Broward.

Here are a few examples of how we have a “seat at the table” to help shape a brighter future for our community.

Southeast Florida Regional Climate Compact: Four-county

partnership to reduce greenhouse gas emissions, implement adaptation strategies and build climate resilience across Southeast Florida.

Joint Tax & Estate Planning Seminar: Nearly two-decade

collaboration with the Jewish Community Foundation of Broward and United Way of Broward to provide cutting-edge presentations and networking opportunities for Broward professional advisors.

Broward Cares: Strategic

collaboration with the Jewish Federation of Broward County and United Way of Broward County to provide local hurricane relief.

9 | BOLD WAY FORWARD

A SEAT AT THE TABLE

A coalition of more than 90 nonprofit executives in Broward, which has targeted ways to overcome fundraising shortfalls for nonprofits on the front lines of the local pandemic response.

COMMUNITY BUILDERS Bold leaders who establish endowed charitable Funds of $1 million or more at the Community Foundation to shape a brighter future for the community they love. Through the power of endowment, these 37 dedicated individuals, families and local organizations with their gifts fuel innovation and tackle issues that matter – today and forever.

$125M+

Endowed gifts from these visionary Community Builders account for more than half of the Community Foundation’s assets – our philanthropic muscle.

OUR NEW COMMUNITY BUILDER LOUISE WEMYSS FUND FOR ANIMAL WELFARE COMMUNITY FOUNDATION of BROWARD

Louise Wemyss often said she helped animals because they couldn’t help themselves. And throughout her life, Louise was always there for animals in need.

10 | BOLD WAY FORWARD

Her dedication began with taking in strays as a young girl growing up in Richmond, Virginia. And her commitment to animals continued as an adult with her support for animal rescue. After she relocated to Fort Lauderdale and met her husband, James, – one-time owner of Vanity Fair Napkins – their elegant home always catered to their beloved pets.

Louise Wemyss

When she passed, the endowed Louise Wemyss Fund for Animal Welfare was created through her estate plan. Thanks to her generosity and partnership with the Community Foundation, Louise’s legacy of helping animals in need will last forever.

Learn more about all of our Community Builders at cfbroward.link/CommunityBuilders.

OUR COMMUNITY BUILDERS JAMES C. ACHESON

LEONARD AND ANTJE FARBER

James C. Acheson Fund

Leonard and Antje Farber Endowment Fund

MARION T. AND PERCY P. ARCHIBALD

DOROTHY AND HAROLD FRANKS

Percy P. and Marion T. Archibald Fund

Dorothy and Harold D. Franks Funds

SALLY AND FRANK ATLASS

RICHARD FRISBY

Sally and Frank Atlass Charitable Fund

Richard Frisby and Edward Burkhart Fund

BBX CAPITAL

Gertrude Gray

BBX Capital Fund for the Arts

Gertrude Gray Memorial Scholarship Fund

JAMES I. CODDINGTON, JR.

MARLENE HOLDER

James I. Coddington, Jr. Charitable

Marlene Holder Fund for Broward

Fund

FRANCIE BISHOP GOOD AND DAVID RANDY AND LARRY COTTER

HORVITZ

Elizabeth Cotter Memorial Fund

Francie Bishop Good and David Horvitz

LIBBY AND JACK DEINHARDT

HUDSON FAMILY FOUNDATION

Libby and Jack Deinhardt Funds

Hudson Family Fund

11 | BOLD WAY FORWARD

Fund for the Arts

FREDERICK W. JAQUA

EVERETT H. METCALF, JR.

Frederick W. Jaqua Fund

Everett H. Metcalf, Jr. Unrestricted Fund

HARRIET AND JACK KAYE

ROSE MINIACI

Jack and Harriet Kaye Fund

Rose Miniaci Family Fund

GINNIE AND DICK KEARNS

JIM AND JAN MORAN

Kearns Family Foundation Fund

Jim and Jan Moran’s Family of Funds

STEPHEN A. KELLER

MARY N. PORTER

Stephen A. and Ethel L. Keller Funds

Mary N. Porter Funds

KIWANIS CLUB OF FORT LAUDERDALE

JOHN H. RAU

Kiwanis Club of Fort Lauderdale

John H. Rau Space Education Fund

Charitable Fund Kiwanis Club of Fort Lauderdale

12 | BOLD WAY FORWARD

Scholarship Fund

ELAINE AND JON KRUPNICK

GLORIA AND ALVIN ROSS

Krupnick Family Fund

Alvin and Gloria Ross Community Care

Elaine Krupnick Fund for the Arts

Fund

MARY MACKENZIE

LOUISE B. AND JOSEPH S. RUMBAUGH

Mary and Alex Mackenzie Community

Joseph S. and Louise B. Rumbaugh Fund

Impact Fund

CAROLE AND STEVE SCOTT Scott Family Fund

EXAMPLE OF BOLD IMPACT MARY AND ALEX MACKENZIE COMMUNITY IMPACT FUND

FRANCIS A. AND ADELINE M. SINES

COMMUNITY FOUNDATION of BROWARD

Francis A. and Adeline M. Sines Memorial Fund

HELEN WYATT RUST STOYKOV

2020 Fund balance: $14.2M

Helen and Frank Stoykov Charitable Endowment Fund

MILDRED TALKWICZ Mildred Talkwicz Charitable Fund

ELAINE AND DR. ERWIN M. VASQUEZ

To Date: 212 grants awarded totaling $7M

2008: Fund created with a $12.1M gift

Elaine and Erwin M. Vasquez, M.D. Family Foundation Fund

MAY JEAN AND LOU WOLFF Lou and May Jean Wolff Family

Endowment empowers BOLD impact to continue to grow.

ANONYMOUS (2) Two philanthropists have created Funds to support Broward’s growing and changing needs. The Foundation honors their requests to remain anonymous.

13 | BOLD WAY FORWARD

Foundation Fund

LEGACY SOCIETY

Legacy Society Members are BOLD, forward-thinkers who will shape Broward’s future through their estate gifts to the Community Foundation.

They believe in the power of endowment and they partner with us to transform the community they love. Through their estate gifts, they create endowed charitable Funds that ensure their BOLD impact continues forever.

$335 MILLION

14 | BOLD WAY FORWARD

in planned/estate gifts are promised by 168 Legacy Society Members.

Suzanne Y. and Edward R. Allen

Frank Crawford

Jane N. Huston

Jennifer O’Flannery Anderson and

Jan C. Crocker

Paige and Steve Hyatt

Peter Anderson

Jan R. and James A. Cummings

Lesley Mitchell Jones

Jeannette Archer-Simons and

Diane and John Dalsimer

Emerson W. Kanode

Robert E. Simons

Carolyn Davis and Ned Black

Cindy and Laurence M. Kashdin

Carla and Giorgio Arra

Cathy and James Donnelly

Brigitte Kimmich

William W. E. Ash III

Maggie and Jim Dunn

Victoria C. Kirby

Mimi Bauer

Susanne and Marty Ellman

Walter W. Krueger

‍Ann M. Bederman

Doris D. Emmett

David B. Kyner

David Behr

Lorraine and Gerry Farmer

Lynn and James B. LaBate

Muriel B. Biskup

Lawrence “Larry” S. Feuer

Marcy Lambert

David C. Bland

Donna Fisher-Williams

Christine L. and Arthur W. Lambertus

Lisa A. Bonk

Louis and Janine Flematti

Ida and Raymond H. Leightman

Richard A. Bray

Diane and Angelo Gencarelli

Robert Lichtenstein

Rod Breene

Jean and Tom Giordano

Thomas H. Lindsey

Nancy L. Brown

Elisa R. and Barry H. Goldman

Beth E. Linzner

Anita and Ralph M. Byer

Mitchell E. Grant

Gabriele E. Magdanz

Cindy and Jim Caird

Barbara T. Gray

MP and James Malone

Melanie M. Camp

Wilson B. and Susan Greaton

Patricia Martinez

Linda B. and R. Michael Carter

Barbara Grevior

Virginia M. McCormick

Rita Case

Madelaine and Steven J. Halmos

Alex McCroson and Shawn Powell

Barbara R. Castell

Ed Hashek and John Jors

James D. McKenzie

Keith and Dot Cobb

Frank and Roberta Helsom

Jo Ann K. and Donald B. Medalie

Bonnie Collins

Ronald Herron

Greg Medalie

Carol Cooper

William Victor Higdon

Daryl G. Miller

“I needed a partner to help me make the most of my charitable giving. Now I have peace of mind knowing that the Community Foundation will ‘mind the store’ on my behalf to ensure the organizations and issues I care about are supported forever.”

Lesley Mitchell Jones Community Foundation of Broward Legacy Society Member

Eugene C. Smith and David A. Moon

Jan Moran

Fred G. Smith

Kent and Carolyn Morgan

Hilda Sokolowski

Sandra Muvdi

William C. Spencer

Jacqueline Niehaus

J.R. Steele

Nanette and Mark Olson

Patricia A. Stover

Pat Owen

Sandy and Kenny Tate

Susan Nolan Palmer

Steven Jay Thor

Sarah and Scott Parker

Sondra R. Title

Ingrid and Brian Poulin

Ben and Barbara Tobias

Ann S. Powell

Gregory D. Unwin Moore

David E. Ratcliffe

Melba Urbanek

Nancy and Dave Reierson

Paula Valentine

Sally J. Robbins

Elaine Vasquez

Hugh E. Root

Charles L. Verner

Amanda and Noah Rosenfarb

Janice Weintraub and Irwin Weideger

Charles L. Ross

Dixie E. Wheeler

Alice J. Rutten

June Wise

John D. Ryan

May Jean Wolff

Franklin R. Schmidt

Kurt Zimmerman

Steve and Carole Scott

Anonymous (50)

Grace Dudleck Shepherd Marianne and Randolph J. Shine Patricia A. Shub Leslie Siegel

(As of June 30, 2020)

Community Foundation Vice President Sheri Brown and Legacy Society Members Greg Medalie, Jim Dunn and Maggie Dunn attend the 2020 Legacy Society Luncheon, held before the start of the pandemic.

15 | BOLD WAY FORWARD

Virginia I. and Thomas J. Miller

PROFESSIONAL ADVISORS COUNCIL The 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.

These wealth and estate planning experts understand that the Community Foundation is a go-to resource for meeting their clients’ charitable goals. They collaborate with the Community Foundation to help their clients make a bold impact by establishing a Fund today or through their estate plan.

80%

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

Frank T. Adams, Esq.

Cynthia Borders-Byrd, CPA

Mary Sue Donohue, Esq.

Louis C. Anderson, Esq.

John Cartledge

Pamela A. Fau, CTFA

‍ Peter Anderson, CFP®, CPFA, CEPA

Kathleen M. Casey, Esq.

Ralph L. Focaracci, CPA

Lowell J. Chick, CPA, MBA

John P. Friedrich, Esq.

Christina M. Cleveland, FA

Adam S. Goldberg, Esq.

Alan B. Cohn, Esq.

Deborah P. Goodall, Esq.

Richard G. Coker, Jr., Esq.

Katherine N. Guida, TO

Joan K. Crain, TO

Marie C. Hansen, TO

James B. Davis, Esq.

Douglas F. Hoffman, Esq.

David J. Diaz, CFP

Jennifer W. Jones

James M. Dolan, CPA

Robert B. Judd, Esq.

Frank B. Dolph III

Thomas O. Katz, Esq.

Dunwody White & Landon, P.A.

Louis C. Anderson Law Office, LLC

Woodforest Wealth Strategies/Raymond James Financial Services

‍ Adan A. Aulet, Jr., Esq.

C Borders-Byrd, CPA, LLC

Aurora Private Wealth

Kathleen M. Casey, PLLC

Chick and Karo, CPA’s, P.A.

DG Law/Bridging Generations LLP

SunTrust Bank, South Florida, N.A.

Ralph L. Focaracci, P.A.

Friedrich & Friedrich, P.A.

MacLean & Ema, P.A.

Kaley N. Barbera, J.D., LL.M.

Merrill Lynch Wealth Management

Revis, Hervas, & Goldberg. P.A.

Snyder & Snyder, P.A.

Richard A. Berkowitz, JD, CPA Berkowitz Pollack Brant Advisors and Accountants

Greenspoon Marder

Coker & Feiner, P.A.

Jeffrey N. Blaze, CFP FDR Financial Group, Inc.

BNY Mellon Wealth Management

Judy B. Bonevac, Esq.

Judy Barringer Bonevac, P.A. 16 | BOLD WAY FORWARD

Gunster

Tanya L. Bower, Esq. Tripp Scott

Merrill Lynch Wealth Management

Francis B. Brogan, Jr., Esq. Retired

James M. Dolan, P.A.

Ralph M. Byer

Merrill Lynch Wealth Management

Frank B. Dolph III & Associates

Goldman Felcoski & Stone, P.A.

The Northern Trust Company

The Northern Trust Company

Rudolf & Hoffman, P.A.

Gunster

Olive Judd, P.A.

Katz Baskies & Wolf PLLC

“Collaborating with the Community Foundation helps my clients accomplish their philanthropic goals and deepens my relationships with my clients.”

Kurt Zimmerman, Professional Advisors Council Chairman, Community Foundation Board Member, Fundholder and Legacy Society Member

Robert L. King, Esq.

Kenneth R. Mikos, Esq.

William A. Snyder, Esq.

Robin J. King, Esq.

Barry Mukamol, CPA, PFS, ABV, CIRA, CFE, CFF

Karen J. Spigler, CPA, Esq.

Robert L. King Law Office

King Law

Kenneth R. Mikos, P.A.

Snyder & Snyder, P.A.

Law Firm of Karen Spigler, LLC

Kapila Mukamol CPAs

Tracey Kinker, CPA

Tracey J. Kinker, CPA, P.A.

Cort A. Neimark, Esq.

William F. Sullivan, Esq. Portley and Sullivan

Retired

James B. LaBate Jr. Lake Management, LLC.

Peter A. Portley, Esq.

Eric W. Sulzberger, Esq.

Law Offices of Sulzberger & Sulzberger

Portley and Sullivan The Lacy Wealth Management Group/Merrill Lynch Wealth Management

Raymond J. Powers

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

Stephen J. LaForte

David Ratcliffe

John Torregrosa

Christine L. Lambertus, Esq.

Carlos J. Reyes, Esq.

Emilie M. Tracy, Esq.

Jody Leslie, Esq.

Jennifer J. Robinson, Esq.

Charles L. Verner

Vladimira Libansky, Esq.

Charles D. Rubin, Esq.

Debra Vogel

John Lacy,

Fifth Third Private Bank

Lambertus & Lambertus, P.A.

Leslie & McLaughlin, LLP

Robert L. King Law Office

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

Powers & Disque, CPA, P.A.

Retired

Reyes Law Group, P.A.

The Northern Trust Company

Gutter Chaves Josepher Rubin Forman Fleisher Miller, P.A.

Gary L. Rudolf, Esq.

Retired

UBS Financial Services, Inc.

Emilie M. Tracy, P.A.

UBS Financial Services, Inc

Wells Fargo

Jo Ann Voight, CPA

Jo Ann Head Voight, CPA, P.A.

Rudolf & Hoffman, P.A.

Jack R. Loving, Esq.

Loving Scully Law Group, PLLC

‍ Gregory J. Schaeffer

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

Morgan Stanley

Kristen M. Lynch, Esq. Lubell & Rosen

Barry S. Schinder, Esq.

John M. Walsh, JD

Fusion Analytics Investment Partners, LLC

Barry S. Schinder, P.A.

Anne B. MacLean, Esq. MacLean & Ema, P.A.

Ilene S. Schnall J.D., LLM

Misty Weinger, CPA/CFF, CVA Kofsky Weinger, P.A.

Ilene S. Schnall, P.A. Wells Fargo Advisors

David M. Scully, Jr., Esq.

Steven H. Woods, CPA

Keefe, McCullough & Co., LLP

Loving Scully Law Group, PLLC

Patricia Martinez

Mass Mutual South Florida Agency 132

Jeffrey S. Selzer, Esq.

Christine Yates, Esq. Tripp Scott

Selzer Law

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

Barbara A. Shore, Esq.

Charles D. Zalakar, CTFA The Northern Trust Company

Barbara Ann Shore, P.A.

Greg Medalie, Esq.

Medalie & Medalie, P.A.

Jeffrey Shover Ameriprise

Kurt D. Zimmerman, Esq.

Zimmerman & Associates, P.A. Chairman of the Professional Advisors Council

17 | BOLD WAY FORWARD

Mark R. Maller

2020 BOARD OF DIRECTORS Distinguished executives and community leaders who drive the Community Foundation to create BOLD impact. When the pandemic hit, this dynamic leadership team stayed connected and continued to meet via video conferences to ensure that the important work of the Foundation didn’t skip a beat.

JAMES DONNELLY, Chair

CYNTHIA BORDERS-BYRD, Treasurer

James is founder and CEO of the Castle

Cynthia is managing member of C Borders-

Group. He is a CPA, entrepreneur and

Byrd, CPA LLC, with over 32 years of

philanthropist. He chaired the Community

experience providing external audit services.

Foundation’s BE BOLD Leadership

Cynthia served on FICPA’s executive

Campaign Committee, is immediate past

committee and as chair of the Florida Board

chair of the Broward Workshop and sits on

of Accountancy. She is a past board chair

the LeMieux Center for Public Policy board of

of Junior Achievement of South Florida and

advisors. James is an NSU Huizenga School

past treasurer of Delta Sigma Theta Sorority.

of Business Hall of Fame member, a South

She is currently serving as president of

Florida Business Journal “Ultimate CEO,”

the Fort Lauderdale Chapter of the Links,

the Sun Sentinel’s Excalibur Business Leader

Incorporated and a chair of the Board of

of the Year for Broward, and recipient of the

Accountancy Probable Cause Panel.

2019 Terry Stiles South Florida Leadership Award of the Greater Fort Lauderdale Chamber of Commerce.

KURT D. ZIMMERMAN, Secretary

18 | BOLD WAY FORWARD

Kurt has practiced law for approximately 30

JULIET MURPHY ROULHAC, Vice Chair

years in the area of trusts and estates. He

Juliet is the Regional Director of External

Foundation of Broward Professional

Affairs for Florida Power & Light Company.

Advisors Council. He also serves on the

She is an attorney with over 25 years of

governing board of the Broward Performing

complex business litigation and appellate

Arts Foundation. He formerly served on

experience. Juliet’s prior experience includes

the governing board of the YMCA of South

work within the General Counsel offices of

Florida, was a “big brother” in Big Brothers

both the CIGNA and Prudential Property

Big Sisters of Broward, and is a Leadership

and Casualty Insurance Companies. Juliet’s

Broward graduate. Kurt is a graduate of

love of Broward County is seen through

the University of Michigan where he was a

her involvement with the Greater Fort

First-Team Academic All-Big Ten athlete. He

Lauderdale Chamber of Commerce, Broward

received his law degree from Vanderbilt.

Workshop, Greater Fort Lauderdale Alliance, and the Museum of Discovery and Science.

currently serves as chair of the Community

PAIGE HYATT, At Large

DORIA M. CAMARAZA

Paige is an engaged community leader in

manager for the American Express Company.

Broward County. Her volunteer leadership

She has been named an “Ultimate CEO”

roles include Friends of Jack & Jill

and one of the Most Influential Women in

Children’s Center, Florida House, University

Business by the South Florida Business

of Miami’s Forum on Women’s Health,

Journal. Doria is a board member and past

PAWS, Lauderdale Debutante Presentation

chair of The Urban League of Broward County

Committee, Memorial Hospital’s Pink

and a Broward Workshop board member.

Doria is senior vice president/general

Angels, and Fort Lauderdale Alumnae Panhellenic. She has been an ambassador

JAMES B. DAVIS

of the Foundation since its inception,

Jim is a shareholder at Gunster and Tax

supporting operational efforts and special

Practice group leader. He focuses on estate

interest fundraising over the years.

planning, employee benefits and entity taxation. Jim is rated Band 1 in Chambers

THOMAS R. OLIVERI, At Large

USA and is a Preeminent AV Rated attorney

Tom is senior market executive, Broward

professor at the University of Miami Law

County, of The Northern Trust Company. He

School.

in Martindale. He serves as an adjunct

is responsible for a team of professionals who serve high net worth clients and

LOUISE F. DILL

families with comprehensive wealth

Louise is a retired bank executive with

management services incorporating

extensive sales and marketing experience in

investment management, trust and

private wealth management. She has served

banking. Tom is active in civic and not-

on the boards of numerous organizations,

for-profit organizations serving on the

including the NSU Art Museum and Broward

following Boards / Committees: Memorial

Center for the Performing Arts Foundation.

Foundation and Joe DiMaggio and Children’s

She currently serves on the board of the

Hospital Foundation (Chairman), Nova

Bonnet House Museum and Gardens and

Southeastern University Ambassadors

Funding Arts Broward. Louise provides sales

Board, Broward Center for the Performing

and marketing consulting services to the

Arts Board, Broward Workshop Board and

nonprofit and for-profit sectors.

the South Broward Hospital District Finance Committee.

EDWARD T. HASHEK in the banking industry leveraging

David, the president emeritus of Broward

technology. He worked with FIS, the world’s

College, brings his strong education

largest provider of banking and payment

background and deep community

technologies. Ed served as a Trustee for the

knowledge to this Board that provides

Milwaukee Art Museum, board president

leadership and distributes grants to tackle

of AIDS Resource of Wisconsin and board

Broward’s biggest challenges. Armstrong is

member of the Milwaukee Repertory

also co-chair for the Greater Fort Lauderdale

Theatre. He is currently on the board of the

Alliance Six Pillars Economic Program

Island City Stage Theatre.

and on the Broward Workshop Board of Directors. He was Broward College president from June 2007 to June 2018.

19 | BOLD WAY FORWARD

Ed has more than 40 years of IT experience

J. DAVID ARMSTRONG JR.

MARCELL HAYWOOD

STEVEN W. HUDSON

Marcell is an entrepreneur and business

Steven is president of Hudson Capital

executive, CEO of Thesis Holdings and

Group and a Broward County native. He

Founder & CEO of Encompass Onsite

is a Commissioner on the Florida Fish and

Solutions. A graduate of Leadership

Wildlife Conservation Commission. Steven

Broward, Marcell volunteers his time

is Chair of the Community Foundation’s BE

to mentor young entrepreneurs, was a

BOLD Leadership Campaign Committee,

former board member of Entrepreneurs

is past chair and longtime board member

Organization and the Sponsorship

of the Humane Society of Broward County

Committee for the Dolphins Cancer

and serves on the executive committees

Challenge. He is a board member of Holy

of Broward Workshop and the Broward

Cross Hospital and Broward Workshop.

Business Council on Homelessness. He

Marcell studied at Florida State University,

graduated from Southern Methodist

graduating Magna Cum Laude with a

University in Dallas, Texas with a Bachelor of

Master’s degree in Information Technology

Science degree in Business Economics.

and received continuing executive education at London Business School.

SUSANNE CORNFELD HUROWITZ Susanne is President of HB Capital Group,

DAVID W. HORVITZ

a privately-held, real estate investment and

David is the Chairman of the Board and

management company. She was formerly

CEO of South Ocean Capital Partners, and

President of SCH Consulting, which advised

previously Chairman of WLD Enterprises. He

nonprofit organizations on strategic planning

is a board member of United States Artists

initiatives. She was Director of Development

and a founder and former chair of the board

for Homes for the Homeless in New York

of Camp Boggy Creek. David is also on the

and has remained on the board for the past

board of The Lewis Prize, a grantmaking

15 years. Susanne is currently on the Boards

organization in the arts focused on music

of the Joe DiMaggio Children’s Hospital

education. He is the past Chair of the Board

Foundation/Memorial Hospital Foundation,

of Governors of the NSU Art Museum Ft.

Nova Southeastern University, the Institute

Lauderdale and was a Trustee of the Kresge

for Children and Poverty, and the Advisory

Foundation. David also served on the Boards

Board of NSU University School. Susanne

of Nova Southeastern University, the Miami

holds a BA from Tufts University and an

Music Association (Cleveland Orchestra

MBA from Columbia University.

Miami); and the Jewish Federation of Broward County. He is a graduate of Kenyon

ALICE LUCIA JACKSON

College and has a J.D. from the University of

Alice recently completed a 36-year career

Florida.

in commercial real estate as senior vice president of Jones Lang LaSalle. Her honors include the 2017 Lifetime Achievement Award by her business peers, 2017 Magnolia United Way Leadership Award, 2009 Office Broker of

20 | BOLD WAY FORWARD

the Year and Power Broker from 2006-2015.

She is a Leadership Broward graduate, a Tocqueville Society member and serves on the National Advisory Board for the Breast Cancer Research Foundation.

ANNE K. JOYNER

DEV MOTWANI

Anne formerly served as the agency

Dev serves as President of Merrimac

coordinator of Cities in Schools and co-

Ventures and Founder and Managing

owned a meeting and convention planning

Partner of Chieftain Residential. Prior to his

service. Anne served on the boards of

current roles Dev worked at Credit Suisse in

Stranahan House, Broward Outreach,

New York City. He has worked in the White

Greater Fort Lauderdale Film Festival, Junior

House and on the 2000 Gore/Lieberman

League of Greater Fort Lauderdale, Jack &

Presidential Campaign. Dev plays an active

Jill Children’s Center and the University of

role in the South Florida community and is

Miami’s Forum on Women’s Health.

currently involved with the Broward Center for the Performing Arts Foundation, Broward

DARA LEVAN

College Foundation, Orange Bowl Host

Dara is a communication specialist, writer

Committee, Broward Workshop and the

and editor who publishes the weekly blog

Crockett Foundation.

and website, Every Soul Has A Story. She previously worked as a speech-language pathologist and has edited several published books. She is currently a member of the United Way of Broward County Tocqueville Society, Joe DiMaggio Children’s Hospital Foundation/Memorial Hospital Foundation Board, and a founding member of the Circle of Friends for the Alvin Sherman Library Research, Information, and Technology Center at NSU. Dara is a past board member of Young At Art Children’s Museum, I Care I Cure Childhood Cancer Foundation, and the Goodman Jewish Family Services of Broward County.

PEGGY HOGAN MARKER Peggy is a partner and president of Marker Construction Group. She is also partner in a family-owned commercial and residential development company based in New York and was previously Senior Vice President & Director of Development for an advertising agency. Peggy has a passion for helping to improve our community highlighted by her involvement with the Museum of Discovery County, Heart Gallery of Broward County, PAWS, SPARK, Save the Children, the Fire House Museum and 4Kids.

Top: Board Members Doria M. Camaraza, Susanne Cornfeld Hurowitz, Juliet Murphy Roulhac and Dev Motwami. Above: Board Members James Donnelly, Alice Lucia Jackson, Peggy Hogan Marker and Steven W. Hudson.

(Photos taken in February, before the pandemic.)

21 | BOLD WAY FORWARD

and Science, Humane Society of Broward

22 | BOLD WAY FORWARD

PAST BOARD MEMBERS Suzanne Y. Allen

Wilson B. Greaton Jr.

Jack R. Loving

Ramon A. Rodriguez

W. George Allen*

Howard Greenberg

Anne B. MacLean

Roy L. Rogers

Elliot B. Barnett*

Barbara Grevior

Patricia L. Mahaney

Jacquelyn Rogow

Richard A. Berkowitz

William Gundlach*

Mark R. Maller

Barbara Roti

Francie Bishop Good

Steven J. Halmos

Wendy Masi

John W. Ruffin Jr.*

Gary E. Bitner

Frank E. Helsom

John C. McKeon

Maria T. Sanjuan

James J. Blosser

Robert J. Henninger Jr.

Cori Flam Meltzer

Tony Segreto

Nancy W. Blosser

Frederick L. Hicks

H. Kent Mergler

William L. Shillington

Holly Bodenweber

David W. Horvitz

Virginia I. Miller

Christopher L. Smith

Francis B. Brogan, Jr.

William D. Horvitz*

Frederick V. Miller*

William A. Snyder

Anthony Brunson

Walter E. Howard

Joseph R. Millsaps*

Raymond C. Southern

Gale M. Butler

Marti Huizenga*

Albert J. Miniaci

George E. Sullivan

Rita Case

Edwin A. Huston*

Karen Mitchell Curran

William F. Sullivan

Barbara R. Castell

R. Stephen Hyatt

Chris Mobley

Kim Sweers

Margarita T. Castellon

Joseph E. Jack*

Maj. Gen. James W.

Paul Tanner

D. Keith Cobb

Bacardi Jackson

Monroe

J. Kenneth Tate

Joan K. Crain

Nona L. Jones

Jan Moran

Judith M. Thiel

Jan C. Crocker

Janet C. Jordan

Thomas P. O’Donnell*

Norman D. Tripp

Jan R. Cummings

Robert B. Judd

A. Gordon Oliver*

Leslie C. Tworoger

Ward J. Curtis Jr.*

Thomas O. Katz

Stacy Ostrau

Jose B. Valle

Shaun M. Davis

Patricia R. Kearns

Charles L. Palmer

Elaine Vasquez

John B. Deinhardt*

Stewart R. Kester Sr.*

Arlene Pecora

Douglas J. Von Allmen

Elizabeth C. Deinhardt*

James B. LaBate, Jr.

David E. Ratcliffe

John M. Walsh

Louise F. Dill

Christine L. Lambertus

Carlos J. Reyes

Steven H. Woods

Patricia Du Mont

Michael G. Landry

Mary Riedel

Katherine M. Eggleston

Raymond H. Leightman

Leonard Robbins*

Richard L. Engberg

Armando Leighton, Jr.*

Sally J. Robbins

Leonard L. Farber*

Jarett S. Levan

Bernardo B. Fernandez Jr.

Susie Levan

George E. Gadson

Alan J. Levy*

Linda L. Gill

Marsha O. Levy

Daniel E. Gordon

Herschell Gordon Lewis*

*Deceased

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

Annette Bauer Finance Manager abauer@cfbroward.org 954-761-9503 ext. 137

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

Dacia Cabo Executive Assistant/Office Manager dcabo@cfbroward.org 954-761-9503 ext. 100

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

Andrea Gregory Office Assistant agregory@cfbroward.org 954-761-9503 ext. 111

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

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

Justine Morgan Charitable Funds Services Director jmorgan@cfbroward.org 954-761-9503 ext. 110

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

� ndrew Reid A Communications Manager areid@cfbroward.org 954-761-9503 ext. 102

Angelica Rosas Strategic Grants Manager arosas@cfbroward.org 954-761-9503 ext. 114

Abigail Symonds Marketing Manager asymonds@cfbroward.org 954-761-9503 ext. 132

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

23 | BOLD WAY FORWARD

Our highly skilled team of professionals is dedicated to helping local philanthropists make a BOLD impact for the community they love.

FINANCIALS ANNUAL GRANTS

TOTAL ASSETS

$209,401,354

$209M

$12,271,682

As of June 30, 2020

INVESTMENT RETURNS Community Foundation of Broward

$12M

Target Allocation

6.3% 5.9 % 5.1% 4.2%

5.2 %

4.4 %

$86M $4M $3M $37M

$237K

$3M

1990

2000

2010

2020

1990 2000 2010 2020

5 YEAR

7 YEAR

10 YEAR

FINANCIAL OVERVIEW

24 | BOLD WAY FORWARD

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 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.

THE INDEPENDENT INVESTMENT COMMIT TEE 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 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 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.

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.

ASSET ALLOCATION

Condensed Statement of

FINANCIAL POSITION

As of June 30, 2020

June 30, 2020

Growth Assets

3%

Private Equities

Risk Reduction Assets Inflation Protected Assets

7.1%

Non US Emerging Market Equities

7.5%

Domestic Small Cap Equities

19.3%

Non US Developed Equities

ASSETS

Cash $541,017

Investments 198,853,039

Bequests receivable 2,000,000

Pledges receivable, net 5,971,340 Assets under split interest agreements (Gift annuities) 1,130,936

Prepaid expenses and other assets 259,502

Other real estate 500,000

Property and equipment, net 145,520

24.4%

Domestic Large/Mid Cap Equities

TOTAL ASSETS

$209,401,354

LIABILITIES

Accounts and other payables $514,709

Grants payable 2,763,175

Deferred revenue and liabilities under

split-interest agreements 622,146

Agency transaction payable (Agency Funds) 16,385,307

Total Liabilities $20,285,337

NET ASSETS (Fund balances) $189,116,017 TOTAL LIABILITIES AND NET ASSETS $209,401,354

Condensed Statement of

ACTIVITIES AND CHANGES IN NET ASSETS 12 Months Ended June 30, 2020

2.7% Cash

14%

Fixed Income

9%

Hedge Funds

3.1%

Hard Assets /Real Estate

9.9%

Select Strategies

REVENUE AND SUPPORT Contributions and bequests Net investment income Other revenue Total Revenue and Support

EXPENSES

Community impact grants

Management and general administrative

Fundraising - Building Philanthropy for Broward

Total Expenses

Change in net assets

NET ASSETS

Beginning of year - July 1, 2019

End of year - June 30, 2020

$11,790,737 656,924 52,882 $12,500,543

13,209,844 997,299 927,766

$15,134,909 ($2,634,366) 25 | BOLD WAY FORWARD

$191,750,383 $189,116,017

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

OUR MISSION:

The mission of the Community Foundation of Broward is to provide leadership on community solutions and foster philanthropy that connects people who care with causes that matter.

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: November 2020