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2019 Baltimore Community Foundation Annual Report

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Invest
in Baltimore

2019 Baltimore Community Foundation Annual Report

Letter -Mobile
Shanaysha M. Sauls, Ph.D
President & CEO
Thomas S. Bozzuto
BCF Board Chair
Letter from the President & Chair

Dear Friends,
In compiling this report on BCF’s impact and accomplishments in 2019, it felt as if we were writing about a time long ago. This was the year before the phrases “COVID-19,” “shelter in place," and “flatten the curve” became part of daily conversation. Before retailers, restaurants, schools and daycares closed their doors – many forever – and before more than 200,000 American lives were lost. Likewise, it was the year before long-standing racial disparities in income, educational opportunities and outcomes, access to early childhood education, digital access, transit access and access to healthcare were starkly spotlighted and could no longer be ignored. Finally, it was the year before Black lives matter protests swept the globe, bringing people of all ages, races, ethnicities and backgrounds together to shout the names George Floyd, Breonna Taylor and Ahmaud Arbery and demand change.

While it feels like a lifetime ago, 2019 was crucial for BCF because it prepared us for the unprecedented challenges of today. We spent the year striving to integrate our strategic plan priorities into our everyday work. We had thought-provoking conversations with donors; built purposeful partnerships in communities; and nurtured investments in organizations, schools and neighborhoods across the Baltimore region. We investigated racial inequality and advocated for a world-class educational system where every child has the opportunity to thrive. In short, we leaned into our role at the intersection of resources and relationships – where donors and communities alike converge for lasting impact.

In 2019, we saw the path forward clearly – and still do. Although much has changed, we are steadfast in our belief that with your generous support, deep engagement with communities and thoughtful programmatic investments, we will fulfill our shared goal of a better Baltimore today and for future generations. Join us in looking back at this snapshot in time and the strong foundation it created for 2020 and beyond.

Shanaysha M. Sauls, Ph.D
Thomas S. Bozzuto
Slide 1
Our Strategy

BCF’s Strategic Plan focuses on the powerful point of convergence between Donors, Community Engagement, and Programs. The Baltimore Community Foundation works at this intersection, with the unique ability to engage donors and communities; shepherd and steward the resources each offers; and leverage them with thoughtful programmatic investments in schools and neighborhoods. Together, these create impact.

Our Impact2

Click on the thumbnails to learn more and read impact stories

Donor Impact
0

34 New Funds Opened

$0.4M

$12,390,516 mobilized from DAF Funds

Donors

For nearly half a century, we have been a trusted resource for donors to learn about the issues facing Baltimore and achieve their charitable giving goals. We have developed the infrastructure to process gifts and grants quickly. Donors know that giving to and through the Baltimore Community Foundation will make the region they love better today and for future generations.

Lifting Up the Next Generation of Leaders
Catalyzing
Support
Community Engagement
0%

Nearly half of Maryland’s Black or Latino students attend schools in the three most underfunded districts in the state.

0.5%

Chance that a child growing up in the bottom five income tier in Baltimore will ever reach the top five tiers.

Community Engagement

Our staff is deeply engaged with communities, talking daily with residents and leaders to understand both the rich assets, long-standing challenges and needs yet unmet in our region. We see the profound disparities in opportunity between people of color and their white counterparts, and the historic and ongoing role that structural racism plays in creating and perpetuating those disparities, block by block. Our community partners are included in planning, decision-making and action, as we work hand-in-hand to serve our region.

Spotlighting Solutions to Complex Problems
Rooting Out Poverty Together
Programs 2
$0.6M

$1.6M in strategic discretionary grants to schools and communities in the Baltimore region and throughout Maryland

$0M

$3,587,786 invested in high-impact community development projects in our region

Programs

In addition to the $12.4 million granted from Donor Advised Funds in 2019, BCF’s program staff carried out our strategic focus on schools and neighborhoods with discretionary grantmaking made possible through our Field of Interest Funds, Endowed Funds to support our work in Baltimore, and the generous contributors to Invest in Baltimore. Together, these resources enabled $1.59 Million in grantmaking in 2019 to promote the success of Baltimore’s young people and equip neighborhoods with the resources they need. Our discretionary grants, along with our impact investments, special initiatives, and advocacy, strengthen our region’s foundation and address the roots of inequality. With strong school leaders, supported school partners and entrepreneurial, community-led investments in support services, programs that foster diversity, inclusivity and active civic engagement, housing, parks and play spaces, we can build a more prosperous region, where every child has access to an excellent education and endless opportunities to thrive.

Starting Strong with Social Supports
Equipping Neighborhoods With the Resources They Need
Our Impact-mobile
Our Impact
Donors
0

34 New Funds Opened

$0.4M

$12,390,516 mobilized from DAF Funds

For nearly half a century, we have been a trusted resource for donors to learn about the issues facing Baltimore and achieve their charitable giving goals. We have developed the infrastructure to process gifts and grants quickly. Donors know that giving to and through the Baltimore Community Foundation will make the region they love better today and for future generations.

Lifting Up the Next Generation of Leaders
Catalyzing
Support
Community Engagement
0%

Nearly half of Maryland’s Black or Latino students attend schools in the three most underfunded districts in the state.

0.5%

Chance that a child growing up in the bottom five income tier in Baltimore will ever reach the top five tiers.

Our staff is deeply engaged with communities, talking daily with residents and leaders to understand both the rich assets, long-standing challenges and needs yet unmet in our region. We see the profound disparities in opportunity between people of color and their white counterparts, and the historic and ongoing role that structural racism plays in creating and perpetuating those disparities, block by block. Our community partners are included in planning, decision-making and action, as we work hand-in-hand to serve our region.

Spotlighting Solutions to Complex Problems
Rooting Out Poverty Together
Program
$0.6M

$1.6M in strategic discretionary grants to schools and communities in the Baltimore region and throughout Maryland

$0M

$3,587,786 invested in high-impact community development projects in our region

In addition to the $12.4 million granted from Donor Advised Funds in 2019, BCF’s program staff carried out our strategic focus on schools and neighborhoods with discretionary grantmaking made possible through our Field of Interest Funds, Endowed Funds to support our work in Baltimore, and the generous contributors to Invest in Baltimore. Together, these resources enabled $1.59 Million in grantmaking in 2019 to promote the success of Baltimore’s young people and equip neighborhoods with the resources they need. Our discretionary grants, along with our impact investments, special initiatives, and advocacy, strengthen our region’s foundation and address the roots of inequality. With strong school leaders, supported school partners and entrepreneurial, community-led investments in support services, programs that foster diversity, inclusivity and active civic engagement, housing, parks and play spaces, we can build a more prosperous region, where every child has access to an excellent education and endless opportunities to thrive.

Starting Strong with Social Supports
Equipping Neighborhoods With the Resources They Need
Financials
Financials

AS OF DECEMBER 31st

Combined Statement of Financial Position

2019

2018

ASSETS
Cash $3,495,417 $2,235,201
Contributions receivable 1,959,562 3,057,348
Investments 204,961,612 167,006,170
Other assets 304,416 213,057
TOTAL ASSETS $210,721,007 $172,511,776
LIABILITIES AND NET ASSETS
Liabilities $2,576,331 $3,318,260
Endowment funds held for benefit of others 7,716,300 6,732,353
Net assets 200,428,376 162,461,163
Total Liabilities and Net Assets $210,721,007 $172,511,776

Combined Statement of Activities

REVENUE AND OTHER SUPPORT
Donor contributions $32,894,446 $29,818,391
Investment income 28,598,612 (7,714,293)
Other income 463,285 298,088
Total Revenue and Other Support $61,956,343 $22,402,186
GRANTS AND EXPENSES
Grants and program activity $20,391,277 $18,949,907
Operating and other expenses 3,597,853 4,343,063
Total Grants and Expenses 23,989,130 23,292,970
Change in net assets 37,967,213 (890,784)
Net assets, beginning of year 162,461,163 163,351,947
Net assets, end of year $200,428,376 $162,461,163

 

Financials
Financials

AS OF DECEMBER 31st

Combined Statement of Financial Position

2019

2018

ASSETS
Cash $3,495,417 $2,235,201
Contributions receivable 1,959,562 3,057,348
Investments 204,961,612 167,006,170
Other assets 304,416 213,057
TOTAL ASSETS $210,721,007 $172,511,776
LIABILITIES AND NET ASSETS
Liabilities $2,576,331 $3,318,260
Endowment funds held for benefit of others 7,716,300 6,732,353
Net assets 200,428,376 162,461,163
Total Liabilities and Net Assets $210,721,007 $172,511,776

Combined Statement of Activities

REVENUE AND OTHER SUPPORT
Donor contributions $32,894,446 $29,818,391
Investment income 28,598,612 (7,714,293)
Other income 463,285 298,088
Total Revenue and Other Support $61,956,343 $22,402,186
GRANTS AND EXPENSES
Grants and program activity $20,391,277 $18,949,907
Operating and other expenses 3,597,853 4,343,063
Total Grants and Expenses 23,989,130 23,292,970
Change in net assets 37,967,213 (890,784)
Net assets, beginning of year 162,461,163 163,351,947
Net assets, end of year $200,428,376 $162,461,163