On November 20th, 2003 - Pohlad Family Foundation
Transcription
On November 20th, 2003 - Pohlad Family Foundation
133316_cover_B 3/7/05 7:35 PM Page 1 3/7/05 . 7:35 PM . . Page 2 R E M E M B E R I N G M I S S I O N TO IMPROVE THE LIVES OF ECONOMICALLY-DISADVANTAGED FAMILIES AND CHILDREN AND PARTICIPATE IN PROJECTS THAT MAINTAIN OR IMPROVE THE QUALITY OF LIFE IN THE MINNEAPOLIS-ST. PAUL METRO AREA. B O A R D M E M B E R S Carl R. Pohlad James O. Pohlad Robert C. Pohlad William M. Pohlad, President Marina Muñoz Lyon, Vice President Pamela E. Omann, Secretary/Treasurer S T A F F ELOISE O‘ROURKE POHLAD Kristen Keran Joe Langel Chou Moua January 26, 1917 – November 20, 2003 Marina Muñoz Lyon Pam Omann Rose Peterson DESIGN/PHOTOGRAPHY: ROS NELSON [email protected] 133316_cover_B 133316_guts_B 3/7/05 5:34 PM Page 1 E L O I S E P O H L A D She was born in Dubuque, Iowa on January 26, 1917, and was christened Mary Eloise O’Rourke. As the youngest of ten children in a fiercely Irish Catholic family, Eloise developed a deep devotion to family and faith at an early age. She was especially close to her mother, Mary Ellen, and her older sister Dorothy, and their quiet, graceful personalities rubbed off on young “Lammie”, as they called her. But Eloise had an independent spirit as well, and her destiny seemed to lie beyond the confines of that small Mississippi River town. In 1946, she met Carl Pohlad on a blind date. It was love at first sight, and after a short courtship, the two were married on April 22, 1947. In the early 50’s, the couple moved to Minneapolis, and while Carl began building a business empire, Eloise built their family. Together, they had three sons; Jim, Bob and Bill, and never was there a wife and mother more dedicated than Eloise. While her devotion to her family was unceasing, she found the time to be an active volunteer in civic and charitable organizations. Over the years, she played important roles in a wide variety of organizations including the Boys and Girls Clubs, the Minnesota Orchestra and the Carondelet Health Care Foundation. Eloise was a founding member of the Sisters of St. Joseph Ministries Foundation and actively supported their programs for children, families and individuals in need. And, of course, she was an enthusiastic co-founder and a passionate director of the family foundation that bears her and her husband’s names. On November 20th, 2003, surrounded by the family that she had devoted her life and love to, Eloise O’Rourke Pohlad passed away. Her death left an immense hole in the lives of all who knew her, but her quiet grace, devotion and unfailing love lives on in their hearts. And her spirit continues to inspire the work of this foundation. 1 133316_guts_B 3/7/05 5:34 PM . Page 2 . . L O O K I N G B A C K A LETTER FROM BILL POHLAD In late 1993, my father, mother, brothers and I met to sign the final documents that would incorporate our family foundation. It was an important moment that signaled a dramatic change in our family’s attitudes toward charitable giving. To be sure, my parents had always felt that giving back to the community was an important value. And they instilled that value in us, by practicing it quietly throughout their lives. But up until that day in 1993, most of our family’s giving was personal, informal and spontaneous, when one or more of us were moved by a need in the community. A lot of wonderful things happened that way, and almost all of our giving had an extremely personal connection to one or more of us. But over the years, my father’s business successes dramatically increased our family’s resources and, consequently, our ability to give even more significant gifts. At the same time, the needs of our community seemed to become greater and more critical. We found ourselves feeling that the old way wasn’t working as well. We wanted our giving to be more organized, more informed, less reactive and more proactive. And so, the Carl and Eloise Pohlad Family Foundation was born. A Decade of Giving – Three Organizational Phases Much has transpired since our foundation’s early meetings. From a modest first year, our foundation giving has both changed and grown during the decade that followed. Through three distinct organizational stages, we became much more proactive, using information and experience to adjust our grant making. 2 133316_guts_B O N 3/7/05 5:34 PM T Page 3 E N Y E A R S In total, we approved almost $34 million in grants between 1995 and 2004. Included in this giving are targeted programs for youth and large grants to capital campaigns for important projects. To meet our collective family interest in maintaining the quality of life in the Twin Cities, we approved annual operating support grants to select cultural organizations and other nonprofits that provide essential emergency, health, job training and other human services. And, along the way, we also made experimental grants – testing ideas to encourage residents of affordable housing communities to move into market-rate housing, and to increase the use of education tax credits available to low-income families. Our three distinct organizational phases are reflected on the following pages. A Changed Family This foundation report is the first since the passing of our wife and mother, Eloise. Mom’s death on November 20th, 2003, left a huge void in each of our lives. She was the heart of our family, and her spirit was behind all that we’ve done, including the work of this foundation. And so, as we report on a decade of giving, we dedicate this account of the foundation’s work to our mother. We hope to reflect her gentleness, grace, and compassion, and her love of life, family and community in all of our foundation’s work. S i n c e r e l y, William M. Pohlad 3 133316_guts_B 3/7/05 5:34 PM Page 4 Organizations that received grants: 1995-2004 Some organizations received more than one grant. List excludes employee matching grant recipients. Academia Cesar Chavez Charter School; AccountAbility Minnesota; Admission Possible; The Albuquerque Museum Foundation; Alzheimer’s Association; American Heart Association; American Red Cross , Minneapolis; Andrew Community Schools; Anishinaabe Center; Arc Anoka, Ramsey and Suburban; Arc Hennepin-Carver; Archdiocese of Saint Paul and Minneapolis; City of Argyle; Athletes Committed to Educating Students; Phase One: 1995-1998 BEGINNING The Carl and Eloise Pohlad Family Foundation, like most family foundations, began after consultations with advisors. Foundation incorporation documents were filed in December 1993. IRS approval arrived in June 1994. Later that year, the foundation would hold its first formal meetings and approve a round of grants, before beginning its first full year of operations in 1995. The Basilica of Saint Mary; Best Friends Minnesota; BestPrep; Big Brothers Big Sisters of Greater Minneapolis; Big Brothers Big Sisters of the Greater Twin Cities; Blooming Prairie Recreation Association; Blue Earth County Human Services; B’nai B’rith Center for Community Action; Bolder Options; Boston College; Boy Scouts of America, Indianhead Council; Boy Scouts of America, Viking Council; Boys & Girls Club of the Twin Cities; Brainerd Community Action; Breck School; Bridging, Inc.; Buck Hill Ski Racing Club; Cambridge-Isanti Diamond Club; Camp Dudley; Camp Heartland, Inc.; To organize and lead the foundation’s early giving efforts, the Pohlad family relied on guidance from the family-owned Marquette Banks. They turned to Chris Andersen, a bank employee experienced in community affairs. Chris organized the family’s first foundation meetings, reviewed requests and assisted family members in examining their individual and collective charitable interests. While their new foundation provided the opportunity to give in a more structured way, much of the foundation’s giving during its first four full years continued to be modest and patient, reflecting CapCURE; CARE International; Carver-Scott family members’ personalities and interest in learning more about Educational Cooperative; Casa de Esperanza; community needs. It was also somewhat informal, not requiring Cass County/Leech Lake Reservation Children’s Initiative; Catalyst Foundation; Catholic Charities requestors to complete an application, submit organization or experience due diligence. of the Archdiocese of St. Paul and Minneapolis; Center for Science in the Public; A Chance to Grow, Inc.; Charities Review Council; Children’s Cancer Research Fund (Minneapolis); Children’s HeartLink; Children’s Home Society & Family Services; Children’s Hospitals and Clinics Foundation; Chrysalis, A Center for Women; Church of Our Lady of Grace; Circle of Our Lives Youth Center; Citizens League; Clarke College; City of Cloquet; CommonBond Communities; Community Action Council; Community Design Center of Minnesota; Community Emergency Assistance Program, Inc.; Community Foundation giving supported a wide variety of community services with most grants ranging from $1,000 to $5,000. Between 1995 and 1998, the total amount granted annually would grow from $247,000 to more than $673,000. At the close of 1998, the foundation’s assets had increased significantly due to Wall Street’s record-setting performances in the 1990s. Carl and Eloise Pohlad’s initial stock gifts of $4 million grew to $14 million. These increased assets provided a healthy base as the foundation moved into a new giving phase. Health Charities; Community Solutions Fund; Construction Career Training Program; CornerHouse; Cornerstone Advocacy Service; Council on Crime and Justice; Cradle of Hope; 4 133316_guts_B 3/7/05 5:34 PM Page 5 Phase Two: 1999-2001 STRENGTHENING OUR COMMITMENT TO GIVING Affordable Housing and Moving On to Market-Rate Housing In August 1998, the directors of the Pohlad Beginning in 1999, the Twin Cities began to experience Family Foundation decided to increase and a severe shortage of affordable housing. Three grants totaling formalize the foundation’s philanthropic work. $2.16 million were made to affordable housing organizations Directors invested in staff and other resources during the crisis. CommonBond Communities received needed to organize and operate a giving program a $500,000 matching grant to help build an endowment that would distribute significantly more for tutoring, health employment and other services provided grant funds. to its residents. Another $500,000 grant to the Rochester Area Foundation, helped finance the development During her first months with the foundation, of affordable housing units in southeastern Minnesota. new director Marina Muñoz Lyon worked with Pohlad family members to define foundation The foundation also made a $1.16 million grant to the priorities and create a more visible and open Family Housing Fund (FHF). The grant supported two pilot framework for grantmaking. Working together, programs: Homesteps, which provides intensive home owner- directors drafted and approved the foundation’s ship training services to suburban low-income renters, first mission statement and three-year giving plan. and; Moving On, which provided grants to help families Governance was improved and staff created move from subsidized housing to market-rate housing needed administrative systems, grant guidelines and, as important, free up a much-needed affordable and an application form. housing unit for another family. Among the most important decisions in the A FHF evaluation found that the Moving On program three-year plan was a public commitment to helped 59 families purchase homes and six others move make $7.5 million in grants. Representing more into market-rate rental housing between 2000 and 2003. than 50 percent of the foundation’s assets at the In addition, each $5,000 Moving On grant saved public time, this commitment greatly exceeded required and private investors at least $140,000 the estimated cost foundation distributions. of building one new affordable-housing unit in 2002. With significant assets, policies, systems and Remaining Moving On funds were provided to CommonBond personnel in place, the foundation became Communities late in 2004. CommonBond estimates the more open and responsive, giving more and funds will provide support to 70 resident families giving differently. purchasing their first home. 5 133316_guts_B 3/7/05 5:34 PM Page 6 Dassel-Cokato Public Schools #466; DeafBlind Services Minnesota, Inc.; East Grand Forks Home Run Club; East Side Neighborhood Service, Inc.; ECS Family Resource Center; Edina Education Fund; Edina Federated Women's Club/GFCW; Edina Foundation; Eftin; El Colegio Charter School; El Fondo de Nuestra Comunidad; Employment Action Center; Episcopal Community Services; Everybody Wins! Minnesota; Family Alternatives; Family Hope Services, Inc.; Family Housing Fund; Family Service, Inc.; FamilyMeans; Floodwood KIDS PLUS; City of Floodwood; The Foundation for the Children of Iran; The Foundation HealthSystem Minnesota; Fred Hutchinson Cancer Research Center; Freeport West, Incorporated; Friends of Saint Helping Families Access Education Tax Credits The Minnesota legislature enacted an education tax credit in 1997 to assist low-income families in financing tutoring and other education expenses for their children. Three years later, only 29 percent of eligible taxpayers were receiving the credit. For this reason, the Pohlad Family Foundation created a pilot program to increase the number of families receiving the credit. Grant funds were provided for two purposes – to purchase after school services for students whose families qualified for the tax Stephens; The Friends of the Saint Paul Public Library; Friendship Ventures; The Fund for the Legal Aid Society; Girl Scout Council of Cannon Valley; Girl Scout Council of Greater Minneapolis; Girl Scout Council of St. Croix Valley; Golden Valley Little League; Gonzaga University; Grand Rapids Amateur Baseball Association; Greater Lake Country Food Bank; Greater Minneapolis Crisis Nursery; Greater Oelwein Area Charitable Foundation; Greater Twin Cities Youth Symphony; The Green Institute; Hamilton Elementary School, Minneapolis; Harlem RBI; Harmon credit, and to educate and provide free tax preparation services to participating families. When received, tax credit funds could be used to purchase education services for students in future years. The St. Paul Public Schools Foundation and AccountAbility Minnesota were the program’s nonprofit partners. While grant funds successfully provided after school services to more than 130 students at five elementary schools and created education tax credit materials for low-income families, the program Killebrew Foundation; Harriet Tubman Center; did not increase access to the education tax credit. Low-income Harvest Preparatory School; Hatton Park Board; families’ inexperience as purchasers of education services, along Headwaters Fund; Headwaters Intervention Center, with difficulty setting up credit refund accounts and low Inc.; Helping Paws of Minnesota, Inc.; Hermantown Little League; HIRED; Hmong Minnesota Pacific Association, Inc.; Holmen Area Foundation; Home participation in free tax-preparation services, proved to be insurmountable obstacles. for Life; Horatio Alger Association of Distinguished America; Huron Little League; Hutchinson Baseball Association; Illusion Theater; ISD #1 ( Sheridan Global Arts & Communications School - Mpls.); ISD #11 (Hamilton Elementary School - Coon Rapids); ISD #11 (Hoover Elementary School); ISD #11 (Lincoln Elementary School - Anoka); ISD #11 (Mississippi Elementary); ISD #13 (Columbia Heights Public Schools); ISD #13 (North Park Elementary School); ISD #13 (Valley View Elementary School); ISD #15 (Saint Francis); ISD #186 (Pequot Lakes Public School); ISD #2448 (Martin County West); 6 133316_guts_B 3/7/05 5:34 PM Page 7 Sending Kids to Camp Valuable Experience for the Future One of the foundation’s first significant investments to enrich By the end of 2001, the Pohlad Family the lives of children in Minnesota began in 1999, when it created Foundation had become a busy place. More the Summer Camp Scholarship Initiative. Directing grants visible and open grantmaking processes and to education organizations, social service agencies and other public commitment of funds resulted in nonprofits, the initiative provides residential summer camp large increases in the number of requests scholarships for economically disadvantaged youth ages 10-15. received, grants approved, and grant funds For many children, the scholarships provide the first opportunity distributed. The foundation’s increased to live away from home for a few days – helping kids enjoy activity and new ways of giving would also Minnesota’s great outdoors, meet new friends and learn new skills. provide valuable information and experience Now in its seventh year, the Summer Camp Scholarship Initiative has granted almost $1.5 million to more than 80 different for use in determining future foundation grantmaking. Minnesota organizations. These grants have helped more than 4,900 youth attend the summer camp of their choice. Grants also provide a brief respite for parents and a positive incentive to social workers and teachers who recommend students for the scholarship. Summer Camp Evaluation A 2003 independent evaluation of the Pohlad Family Foundation’s Summer Camp Scholarship Initiative concluded that more than 50 percent of youth that received scholarships showed improved self-reliance, were better able to express their feelings and more easily made friends after returning from camp. The majority of parents reported that their children returned from camp with improved leadership skills and more respect for the environment. And more than 25 percent of campers also improved their academic performance, school behavior and school attendance in the fall after attending summer camp. Positive evaluation results led directors to increase initiative funds from $250,000 to $350,000, beginning in 2004. 7 133316_guts_B 3/7/05 5:34 PM Page 8 ISD #2683 (Greenbush/Middle River Schools); ISD #270 (Hopkins West Junior High Get Connected); ISD #272 (Eden Prairie); ISD #2758 (Reed Gray Elementary School); ISD #277 (Grandview Middle School); ISD #279 (Elm Creek Elementary School); ISD #279 (Osseo School Community Education); ISD #279 Phase Three: 2002 - Present EXPANDING OUR PRESENCE IN THE COMMUNITY (Park Brook Elementary); ISD #279 (Willow Lane Elementary School); ISD #2805 (Zumbrota-Mazeppa Schools); ISD #281 (Thorson Family Resource Center); ISD #2859 (Glencoe/Silver Lake Community Education); ISD #473 (Isle Recreation & Education Center); ISD #599 (Fertile-Beltrami); ISD #625 (Saint Paul Open School); ISD #690 (KIDS-N-US Program); ISD #696 (Ely Public Schools); ISD #728 (Elk River Area Schools); ISD #740 (Melrose)/ Melrose Dutchmites; ISD #745 (Albany Area Schools); ISD #831 (Lino Lakes Elementary); ISD #876 (Annandale); ISD #883 (Rockford Area Public Schools); ISD #91 (Barnum Kids Plus); ISD #97 (Moose Lake Kids Plus); Illusion Theater; InnerCity Tennis; Institute for Successful Church Leadership; Interfaith Outreach & Community Partners; International Falls Little League Baseball Association; Jabbok Foundation; Jefferson-Haven Tenant Organ- With a significant percentage of foundation assets committed to grants, foundation directors took time in 2002 to review previous grantmaking efforts and discuss plans for future giving. Specifically, directors focused on how to improve grantmaking so that it could have more impact. During the planning process, Carl and Eloise Pohlad contributed $20 million to the foundation’s assets – a generous gift that would also allow foundation directors to consider new opportunities and grantmaking strategies. The completed 2002-2005 plan, made two important changes to the foundation’s giving program: Grantmaking would be much more proactive, and; A small number of capital campaigns would be selected ization; Jewish Family and Children’s Service to receive large grants. of Minneapolis; Junior Achievement of the Upper Midwest, Inc.; Juvenile Diabetes Research Foundation Foundation directors also vowed to continue and strengthen their International, Minnesota Chapter; Kaleidoscope; support for economically-disadvantaged youth. And they made Keystone Community Services; Kids ’n Kinship; a commitment to provide unrestricted annual operating support Kinship of Greater Minneapolis; Kirchbak Gardens, Inc.; Susan G. Komen Breast Cancer Foundation; La Oportunidad, Inc.; Lao Advance- to a variety of Twin Cities-based nonprofit organizations that provide cultural and human services. ment Organization of America; Lao Family Community of Minnesota, Inc.; Lawton-Bronson Summer League; Town of Lesterville; Lifetrack Resources; Reuben Lindh Family Services; City of Littlefork; Living Word Christian Center; Loring Nicollet-Bethlehem Community Centers, Inc.; Lupus Foundation of Minnesota; Lutheran Social Service of Minnesota; Lyndale Neighborhood Association; MacPhail Center for the Music; Main Street School for the Performing Arts; The Management Assistance Program for Nonprofits; Martin County C.A.R.E. Council; Mayo Foundation; McLeod West Public 8 133316_guts_B 3/7/05 5:34 PM Page 9 Capital Support During 2003 and 2004, the foundation approved 20 capital grants, totaling more than $14.4 million. The foundation assisted three health organizations with $7.5 million to construct new facilities or improve services. Large grants were also approved for important civic, arts, human service and economic development projects, including the new Minneapolis Public Library, the Children’s Theater Company’s expansion, the new Global Marketplace on Lake Street, and a new headquarters building for Project for Pride in Living. 2003-2004 Capital Grants Special Grant in Memory of Eloise Pohlad Health Sisters of St. Joseph Ministries Foundation Abbott Northwestern Foundation $1 million Courage Center Arts and Culture American Swedish Institute $50,000 Children’s Theater Company $500,000 Guthrie Theater $250,000 Juxtaposition Arts MacPhail Center for Music Minneapolis Institute of Arts Walker Art Center $25,000 $100,000 $1.5 million $1 million Civic Friends of the Minneapolis Public Library Minnesota Public Radio – for Minneapolis Heart Hospital Park Nicollet Foundation Mayo Clinic Foundation – for Scottsdale, Arizona facility $3 million $ 50,000 $3.5 million $1 million Human Services, Economic Development and Education College of St. Catherine $25,000 Hope Community $75,000 Neighborhood Development Center – for Plaza Verde – for Global Marketplace $100,000 $500,000 Project for Pride in Living $250,000 St. Stephen’s Community $10,000 $1 million $500,000 9 133316_guts_B 3/7/05 5:34 PM Page 10 School; Meeker County Park Commission; MELD; Methodist Hospital HealthSystem Minnesota; Migizi Communications Inc.; Minneapolis Children’s Medical Center Foundation; The Minneapolis Foundation; Minneapolis Heart Institute Foundation; Minneapolis Park and Recreation Board; Minneapolis Public Schools; Minneapolis Recreation Development, Inc.; Expanding Support for Youth As the foundation expanded its focus to large capital gifts, it also created three new giving initiatives for students: Minnesota Academic Excellence Foundation; Minnesota Association of Black Lawyers; Minnesota Community Foundation; Minnesota Council Horatio Alger Scholarship Initiative provides college scholarships for students graduating from high schools on Foundations; Minnesota Dance Theatre; Minne|sota Department of Health Minority Health Office; Minnesota Environmental Fund; University located in the Twin Cities metro area. Administered for the Foundation by the Horatio Alger Association, the $500,000 of Minnesota Foundation, Citysongs; Minnesota four-year initiative will distribute $2,500 scholarships Historical Society; Minnesota Humanities Com- to more than 150 students. The foundation also hosts |mission; Minnesota Indian Women’s Resource Center; Minnesota Linking Youth Nature and Critters, Inc.; Minnesota Medical Foundation; Minnesota Medical Foundation, Women's Health Fund; Minnesota Minority Education Partnership, Inc.; The Minnesota Opera; Minnesota Special Olympics; Minnesota Twins Community Fund; The Minnesota Youth Symphonies; Minnesota Zoo; University of Minnesota Foundation; Minnetonka Center for the Arts; Model Cities of St. Paul, Inc.; Moorhead Healthy Community Initiative; Mount Olivet Missionary Baptist Church; The National Czech & Slovak Museum & Library; The Nature Conservancy; Neighborhood Involvement Program; New Harmony Community Music; New Prague Community Education/Summer Recreation; Northfield Community Action Center; Northland Area Family Service Center; Northwoods Coalition for Battered Women; Hugh O'Brian Youth Leadership; Officers’ Family Network; Open Book; Opportunity Neighborhood Development Corporation; Ordway Center for Performing Arts; Osage Park and Recreation Department; Our Saviors Lutheran Church; P.A.C. Inner City Missions; PACER Center; PACT 4 Families Collaborative; Page Education Foundation; Park scholarship recipients and their families at an annual picnic and Minnesota Twins game. After-School Academic Support Initiative makes grants to organizations that help students improve academic achievement. Since its inception in 2003, the initiative has awarded more than $500,000 in grants to organizations that serve third- through eighth-graders in the Twin Cities metro area. Summer Youth Employment Initiative provides summer jobs and valuable career experience for high school juniors and seniors. Through the initiative, employers that are members of participating business associations recruit, hire and train students. During 2004, the initiative’s first year, members of the Independent Community Bankers of Minnesota (ICBM) hired 44 students. During the summer of 2005, the initiative expects to support 125-150 jobs, including at least 75 students at ICBM member banks, and 50 students hired by members of the Minnesota Newspaper Association, a new initiative partner. Avenue Foundation; Penumbra Theatre Company, Inc.; Plymouth Christian Youth Center; Polk County Social Services; The Portage for Youth; School District of Prentice; Professional Association of Treatment Homes; Project Foundation Homeaway Centers, Inc.; 10 133316_guts_B 3/7/05 5:34 PM Page 11 Operating Support for Twin Cities Institutions and Services The Pohlad Family Foundation’s directors believe that sustaining a high quality of life in the Twin Cities requires Supporting Employee Interests The Pohlad Family Foundation offers an employee gift-matching program for employees of businesses owned by family members. Since the program began in 2002, more than $86,000 in matching grants have been approved to nonprofit organizations of interest to employees. support for museums, performing arts, public broadcasting and services to people in need. For this reason, annual operating support is provided Multi-Year Operating Grants to select community organizations. Performing Arts Health During 2002, 11 large arts, culture Children’s Theater Company Neighborhood Health Care Guthrie Theater Network Minnesota Orchestral Association YWCA of Minneapolis and public broadcasting organizations received three-year unrestricted operating grants totaling $259,000. St. Paul Chamber Orchestra Theater de la Jeune Lune Goodwill Industries The next year, the foundation awarded three-year operating grants totaling $570,000 to 16 nonprofit organizations that deliver emergency, Employment Training Visual Arts/Museums Summit Academy OIC Minneapolis Institute of Arts Twin Cities Rise Minnesota Children’s Museum Science Museum of Minnesota Multi-Service Walker Art Center Chicanos Latinos Unidos En Servicio economically-disadvantaged Public Broadcasting Family & Children’s Service families and children. Minnesota Public Radio Hmong American Partnership Twin Cities Public Television Minneapolis Urban League health, job training or other human services to underserved and Perspectives, Inc. Emergency Services Pillsbury United Communities Bridge for Runaway Youth Day One Center People Serving People Second Harvest Heartland 11 133316_guts_B 3/7/05 5:34 PM Page 12 Project Success; Regions Hospital Foundation; Rise, Inc.; Risen Christ Catholic School; Rochester Area Family YMCA; Rochester Area Foundation; Ronald McDonald House Charities, Upper Midwest; Royalton High School; Saint Ambrose of Woodbury; St. David’s Child Development and Family Services; St. James School District; Church of St. Jerome; Saint John the Evangelist Catholic Church; St. Johns University, Collegeville; St. Mary’s TEC; The Saint Paul Area EMBRACING THE FUTURE Between 1995 and 2004, the Pohlad Family Foundation approved grants totaling almost $34 million. As this report illustrates, the foundation’s grantmaking evolved during these ten years. Council of Churches; St. Paul Parks and Recreation Department; St. Paul Public Schools Foundation; St. Paul Urban Tennis Program; St. Paul Youth At the close of this decade of giving, foundation directors and staff are grateful for their shared experience, new relationships Services; City of Saint Paul; University of St. Thomas; formed, and the opportunity to support the work of many The Salvation Army, Divisional Headquarters; Second organizations. They move forward with more knowledge of Harvest Food Bank of Greater Minneapolis; Sharing and Caring Hands; Sholom Community Alliance; City of Silver Bay Parks and Recreation Department; Sojourner Project, Inc.; Somali community issues, greater interest in working closely with grantees and a renewed commitment to making grants that positively impact people and communities. Community Services, Inc.; South Central Children’s Project; South Des Moines Little League; Southeast Asian Community Council, Inc.; Southeast Asian FOUNDATION FINANCIAL SUMMARY Refugee Community Home; Southside Family School; The Starkey Hearing Foundation; STMA Youth Baseball, Inc.; The Storefront Group; Success Academy; Three Rivers Park District; Tracy Area Friends of Baseball; Tree Trust; Tubman Family Alliance; United Arts; United Cambodian Association of Minnesota, Inc.; Greater Twin Cities United Way; Financial Summary ASSETS Market Value, 12/31/2004 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 402,862 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,635,750 TOTAL ASSETS $27,038,612 Upper Tonka Little League; Urban Ventures Leadership Foundation; Valley Youth Center; Volunteers Enlisted to Assist People; Victory Christian Future Grants Payable . . . . . . . . . . . . . . . . . . . 13,426,500 NET ASSETS $13,612,112 Academy; Vietnamese Social Services of Minnesota; Violence Intervention Project Voyageur Outward Bound School; Washburn Child Guidance Center; Amherst H. Wilder Foundation; Wilderness Inquiry, Inc.; Williston Parks and Recreation Department; University of Wisconsin, Eau Claire; Women & Contributions, Income, Grants and Expenses, 1995-2004 Family Contributions Investment Income Grants Paid Expenses* $22,764, 824 $5,167,738 $20,528, 018 $789,509 Philanthropy; Women Venture; The Woodrow Wilson Center; Working Capital Fund; World War II Memorial; Worthington Area YMCA; YMCA *Excludes staff-related expenses paid from non-foundation sources of Greater Saint Paul; YMCA of Metropolitan Minneapolis; Youth Express; Youth Farm and Market Project; Youth Performance Company; Youth Service Bureau, Inc.; YouthCare, Inc.; YouthLink; YWCA of St. Paul; Zumbrota-Mazeppa Schools 12 3/7/05 . 7:35 PM . . Page 2 R E M E M B E R I N G M I S S I O N TO IMPROVE THE LIVES OF ECONOMICALLY-DISADVANTAGED FAMILIES AND CHILDREN AND PARTICIPATE IN PROJECTS THAT MAINTAIN OR IMPROVE THE QUALITY OF LIFE IN THE MINNEAPOLIS-ST. PAUL METRO AREA. B O A R D M E M B E R S Carl R. Pohlad James O. Pohlad Robert C. Pohlad William M. Pohlad, President Marina Muñoz Lyon, Vice President Pamela E. Omann, Secretary/Treasurer S T A F F ELOISE O‘ROURKE POHLAD Kristen Keran Joe Langel Chou Moua January 26, 1917 – November 20, 2003 Marina Muñoz Lyon Pam Omann Rose Peterson DESIGN/PHOTOGRAPHY: ROS NELSON [email protected] 133316_cover_B 133316_cover_B 3/7/05 7:35 PM Page 1