Invest in Baltimore
2020 Baltimore Community Foundation
Letter from the CEO & Board Chair
Shanaysha M. Sauls, Ph.D
President & CEO
Thomas S. Bozzuto
BCF Board Chair
The year 2020 could be summarized in one word: pivot. We began the year with great hopefulness. We had launched a new strategic plan the previous year and begun integrating it into our everyday work. We were meeting with thoughtful donors; building purposeful partnerships in communities; nurturing investments in schools and neighborhoods; and advocating for systemic changes to advance racial equity. We moved into a new headquarters in the dynamic Mt. Royal Avenue corridor. It was all coming together.
Then, the world changed.
The existing challenges became ever more urgent. New, unforeseen needs emerged. Donors and community partners were at a distance, making it harder to connect with the wide range of stakeholders who inform and support our work. Suddenly, we had to put every tool in our toolbox to use in new and different ways.
For example, we released restrictions on grants to school and community partners, allowing them to adapt programs and meet families’ evolving needs as only they could. We supported changemaking organizations as they pioneered new solutions to old problems, such as home wellness checks to provide a wide range of highly individualized resources and ensure student and family success. As BCF staff transitioned to remote work, we adjusted processes to ensure donor-advised grants continued reaching hard-hit communities. We established the COVID-19 Evolving Community Needs Fund and committed to rapid response grantmaking whereby 100% of contributions to the fund would be regranted and no fund management fees charged. We expanded our advocacy efforts to include digital equity, supporting the nascent Baltimore Digital Equity Coalition and convening conversations on proposed policy solutions and investments.
In short, we pivoted – successfully and in large part thanks to the generosity of our donors and fundholders. Even at the height of market volatility and uncertainty about the future, giving increased. By year-end, more than $38 million had been donated across BCF funds and a record-breaking $30 million distributed in grants, impact investments and program activities. Those funds were highly impactful, supporting multi-dimensional partnerships between community-based organizations, mid-sized ones and large institutions to reach every corner of the community. Grants from the COVID-19 Evolving Community Needs Fund alone totaled $2.3 million and supported 13,000 wellness checks on homebound seniors; more than 17,000 hands-on activity kits for students learning at a distance; 177,000 pieces of personal protective equipment for frontline nonprofits and their clients, and more than 32,000 emergency food and supply kits for families struggling with unemployment and economic instability, among many other vital needs.
Further, we were successful in 2020 because we never lost sight of our strategic plan and its focus on donor engagement, community engagement and thoughtful programmatic investments. Nor did we forget our unique role: bringing a diverse community of people together to build a better Baltimore. That role is more important than ever, as it’s clear that the effects of COVID-19 will be with us for years to come. If ever there was a time to reimagine the world and redouble our collective efforts, it’s now. With our relationships, the expertise within our network, and our ability to spotlight the best ways to support our region, the Baltimore Community Foundation is ready.
2020 Quick Facts
(as of 12/31/2020)
Combined Statement of Financial Position
|AS OF DECEMBER 31|
|Right of use assets||3,782,600|
LIABILITIES AND NET ASSETS
|Right of use lease obligations||3,882,172|
|PPP promisory note||479,900|
|Endowment funds held for benefit of others||8,623,517||7,716,300|
|Total Liabilities and Net Assets||246,422,416||210,721,007|
Combined Statement of Activities
REVENUE AND OTHER SUPPORT
|Total Revenue and Other Support||66,279,550||61,956,343|
GRANTS AND EXPENSES
|Grants and program activity||$31,837,101||$20,391,277|
|Operating and other expenses||3,811,667||3,597,853|
|Total Grants and Expenses||35,648,768||23,989,130|
|Change in net assets||30,630,782||37,967,213|
|Net assets, beginning of year||200,428,376||162,461,163|
|Net assets, end of year||231,059,158||200,428,376|