Helping Baltimore Grow

Baltimore City FoundationAnnual Report 2013

Williard Hackerman1918 –2014

The Baltimore City Foundation Inc., a 501(c)(3) nonprofit organization, is committed to enhancing the quality of life for the citizens of Baltimore City. The Foundation enables the Baltimore City government to raise philanthropic resources that promote many of its health and human services priorities. Additionally, the Foundation provides grants to nonprofit organizations throughout the city that support youth and underprivileged Baltimore City residents. In conducting activities for the support or benefit of the City, and in receiving charitable contributions from private sources, the Foundation also promotes public/privatecollaboration for the benefit of the City and its residents.

I N M E M O R I A M

WE HAVE COME UPON ANOTHER YEAR when theBaltimore City Foundation shares with our supportersthe many contributions that benefit city residents of all ages. It is a privilege for me to serve as part of this very dedicated Board of Directors, comprised of a diverse group of people who share the common interest of providing a rich array of opportunities that help Baltimore City grow.

Our passions and dreams to enrich the lives of Baltimoreans by improving access to services keepus striving to forge partnerships and raise money for so many worthwhile programs and organizations. The Foundation’s board members are committed to promoting youth development, education, workforcedevelopment and the arts – the Foundation’s prioritiesfor enhancing the Baltimore landscape for the familiesthat live here and the friends that visit.

This past year we lost Willard Hackerman – a great friend and charter member of the BaltimoreCity Foundation. In the three decades that he served on the board, he never missed a meeting and his get-it-done style helped us to move forward swiftly and smartly. While he will be missed,

please be assured thatthe Baltimore City Foundation will continue in his spirit to provide funding that links ourcitizens to valuableservices that promotethe growth of our great city.

Thank you for your support in 2013 and please take some time to read about how your dollars are beingput to such good use. With your help, we will continue to be a relevant source of funding for organizations that have proven to provide a positive impact for all of Baltimore. We are grateful for contributions of all amounts.

Sincerely,

Lenwood Ivey, Ph.D.President, Baltimore City Foundation Inc.

Lenwood Ivey, Ph.D.

The Baltimore City Foundation proudly remembers Willard Hackerman Board Member 1981–2010

While company president and philanthropist Willard Hackerman is knownfor his leadership in building the University of Baltimore School of Law, theNational Aquarium and M&T Bank Stadium, he also devoted his time to theBaltimore City Foundation. His strong dedication – especially to programsthat support youth development – will never be forgotten.

“He loved this city, loved his family and gave with his heart. He will forever be remembered, not only for the company he led or the landmark buildings he constructed, but also for his significant philanthropic contributions to Baltimore City. He will be greatly missed.”

– Stephanie Rawlings-BlakeMayor, City of Baltimore

Providing an Array of Opportunities that Help Baltimore City Grow

3BALTIMORE CITY FOUNDATION2

Academy for College and Career Exploration (ACCE)...$15,000Supported activities for designation of a “green school” and provided related learning experiences for students

Adopt A Block.........................................................$10,000Helped purchase construction materials to revitalize inner city neighborhoods

Big Brothers Big Sisters of the Greater Chesapeake....$15,000Supported B’Mentors – a mentoring program that supports hundreds of children and youth

Bon Secours Baltimore Health System Foundation Inc...$10,000Supported its Bon Secours Community Works’ Career Development program

Caroline Center.......................................................$10,000Provided training for qualified women to become nursing assistants and pharmacy technicians

Carroll Park Foundation............................................$ 6,500Helped fund YouthWorks summer job project conserving artifact documents about enslaved African Americans

Children’s Scholarship Fund Baltimore......................$10,000Provided tuition assistance for children of low-income families

The Church of St. Michael and All Angels...................$ 5,000Provided cultural enrichment activities for youth attending Camp Success

Citizenship Law Related Education Program...............$ 8,000Supported Law Links – providing paid internships at law firms for high school students

CollegeBound Foundation.........................................$ 5,500Supported professional development for public school principals to encourage underserved students to pursue postsecondary education

Cristo Rey Jesuit High School................................$10,000Helped purchase computer equipment to improve teachers’ use of technology

Enoch Pratt Free Library........................................$10,000Supported summer reading programs for more than 15,000 youth, from pre-school ages through high school teens

Eubie Blake National Jazz Institute and Cultural Center................................................$ 6,000Allowed gifted and talented students to attend summer cultural arts program

Irvine Nature Center................................................$10,000Provided environmental education to help students improve in math and science

It’s About the Kids Education Organization............$ 5,000Provided health and wellness and financial literacy programsto children

Marian House..........................................................$15,000Provided salary support for a coordinator to assist homeless women gain employment

Maryland Science Center..........................................$10,000Provided support for the Ready, Set, Go Science school-readiness program for preschoolers attending Head Start

National Aquarium, Baltimore....................................$10,000Supported conservation activities for more than 13,500 Baltimore City students

The Northeast Youth Association Inc..........................$ 5,000Helped to sponsor three youth football teams

Paul’s Place ........................................................$10,000Supported hot lunch and emergency assistance programs for those in need

Port Discovery Children’s Museum......................$ 5,000Supported programs that provide greater access to the museum by at-risk students, low-income families and veterans

Sisters Academy of Baltimore..................................$10,000Helped fund quality education for middle school girls in a nurturing and challenging environment

United Way of Central Maryland...............................$10,000Supported the Access to Healthy Food Initiative

Stocks in the Future at Johns Hopkins University.......$ 5,000Helped fund financial literacy classes for students in Baltimore City

2 0 1 3 F O U N D AT I O N G R A N T S

Enriching the Lives of Baltimore City Residents

COMMUNITY AND YOUTH PROGRAMSThese valuable community and youth-oriented programsand services provide resources for enriching the lives of Baltimore City residents of all ages. Through education, experience, career exposure, skill-building opportunities,discovery, and much more, we can all contribute in helping Baltimore grow.

National Aquarium, BaltimoreThanks in part to a $10,000 grant from the BaltimoreCity Foundation, numerous educational offeringsdemonstrated the Aquarium’s deep commitment to its hometown community. The Aquarium provided conservation education opportunities and activities toapproximately 13,500 Baltimore City students throughfree admission programs, internships, school activities,summer camps and youth development programs. These programs provide opportunities that foster interest in conservation stewardship and career optionsin the aquatic, marine and environmental sciences.

United Way of Central MarylandThe Foundation’s $10,000 grant supported the United Way of Central Maryland’s Access to HealthyFood Initiative by increasing the supply of healthy foods available to Baltimore City residents in need. The initiative’s three-prong strategy focuses on sourcing,distributing and accessing affordable healthy food options. As a result, more than 2,000,000 pounds ofhealthy food were delivered in 2013.

Children’s Scholarship Fund BaltimoreThe Baltimore City Foundation’s $10,000 grant supportedBaltimore’s only need-based, non-denominational program providing low-income families with tuition assistance for their children to attend the K-8 gradeschool of their choice. Children’s Scholarship Fund Baltimore provided scholarships to 300 children at 51 schools, an increase of 33 percent over last year. An independent study concluded that Children’s Scholarship Fund Baltimore scholars achieved a 98 percent high school graduation rate and a 93 percent college attendance rate.

Community Programs | BALTIMORE CITY FOUNDATIONBALTIMORE CITY FOUNDATION | Foundation Grants2

5BALTIMORE CITY FOUNDATION | Community Programs4

Planting the Foundation toPrepare for Tomorrow’s Challenges

Eubie Blake National Jazz Institute and Cultural CenterA $6,000 grant from the Baltimore City Foundation for the Eubie Blake National Jazz Institute and CulturalCenter helped support gifted and talented students attending the cultural summer arts program. The three-week Summer Youth Cultural Arts Program exposed students to dance, drama, music and creative writing.

Paul’s PlaceBaltimore City Foundation’s $10,000 contribution toPaul’s Place supported the organization’s hot lunch andemergency food assistance programs, which are oftenthe entry point for individuals who then access otherservices to help them achieve sustainable self-sufficiency.For most people who access these food programs, thiswill be their only hot meal of the day, and for some, theironly meal. Paul’s Place helps people meet their basicneed for sustenance and provides a continuous, safe environment in which they can begin to build their personal path to self-sufficiency.

Academy for College and Career Exploration(ACCE)Thanks in part to a $15,000 Foundation grant, ACCE –a Baltimore City public middle/high school operated bythe Mayor’s Office of Employment Development and theJohns Hopkins Institute for Policy Studies – was able tosustain its status as a “Green School.” The funds helpedsupport the Summer Green Academy, part of Baltimore’sYouthWorks summer jobs program, which engagedstudents in a six-week gardening and farming experience.The grant supported a summer coordinator, as well asgardening tools, soil, seeds, plants and related field trips.ACCE was also able to retain a master gardener for another year who acts as a year-round consultant to ensure oversight and maintenance of gardens and to actas a resource for teachers for green curriculum inclusion.

Stocks in the Future at Johns Hopkins UniversityA $5,000 Foundation grant to SIF at Johns Hopkins Universityhelped engage 920 middle school students in discussions about investing money, opening businesses, taking a company public andcomparing performances of companies while earning incentivesfor academic achievement. Students earned “SIF dollars” (a maximum of $80 per year) through improved grades and steadyattendance, which they then invested in the publicly traded stocksthey have studied. Once students graduate from high school andturn 18, the stocks transfer to their names.

Citizenship Law Related Education ProgramAn $8,000 Foundation grant supported all facets of the Law Links Internship. Nineteen students from 11 city high schoolswere hired to work in law firms and law-related agencies for their summer internships. They received professional attirefrom Ann Taylor or Joseph A. Banks and participated in the Law & Leadership Institute, which included orientation daysand weekly seminars. The interns also traveled to Washington, D.C. to visit the Crime & Punishment Museum and the Newseum, as well as CityWatch, Juvenile Court and the Circuit Court for Baltimore City. Speakers for the weekly seminarsincluded chief judges and many well-respected attorneys and legal professionals from the Baltimore City community.

Community Programs | BALTIMORE CITY FOUNDATION

7BALTIMORE CITY FOUNDATION | Community Programs6

Enoch Pratt Free Library One of the Enoch Pratt Free Library’s highest prioritiesis to help build a literate society through child and teenprograms. Baltimore City Foundation’s $10,000 grantsupported Summer Reading, Pratt’s incentive- andtheme-based program designed to help children and families build a love of reading. Helping reduce “summer slide,” the loss of academic skills that childrenoften experience during the summer, is one of the program’s most important benefits. In 2013 a total of 15,569 children and teen participants of Pratt’s Summer Reading Program read 176,059 books.

Maryland Science CenterA $10,000 Foundation grant helped support Ready, Set, Go Science, a program serving more than 1,200preschoolers in underserved communities attendingHead Start. This program uses classroom instruction and family engagement activities to help young children develop skills essential to academic success. In collaboration with four Head Start programs, Science Center staff visits classrooms regularly and help children make observations and use tools through inquiry-based science experiences designed to improve kindergarten readiness.

CollegeBound FoundationFor more than 25 years, the CollegeBound Foundation has been working exclusively with underserved students in BaltimoreCity’s public schools to advise, motivate and enable them to pursue a postsecondary education. The Foundation’s $5,500 grant helped to support a professional development conference for all Baltimore City high school principals. Each participant learned valuable information about colleges, which serves as the basis for analyzing and making improvements to their school’s college access program year after year.

Port Discovery Children’s MuseumThe Foundation’s $5,000 grant enabled Port Discovery Children’s Museum connect those with special needs to purposefulplay and learning by supporting access to the museum. Free admission and discounted services were provided to childrenengaged in Head Start and Title I schools, low-income families, and families of active duty personnel and veterans. Port Discovery’s access programs also serve the community by subsidizing visitation during the museum’s series of programming tailored to children with disabilities.

Sisters Academy of BaltimoreA $10,000 grant from the Baltimore City Foundation provided educational support for this independentCatholic middle school for girls. In 2013 Sisters Academy of Baltimore initiated a healthy meals program, improved the science curriculum and expanded its support program for graduates. All 14 June graduates are attending private ortop-notch public high schools, including Cristo Rey Jesuit High School, Institute of Notre Dame, SetonKeough High School, and Baltimore City College High School.

It’s About the Kids Education OrganizationThe $5,000 Baltimore City Foundation grant helped to provide the Know Money or No Money financial literacyprogram to more than 1,500 children and supported the development of three other educational programs in health and wellness, environmental education and reading literacy. Additionally, the funding enabled the organization to partner with other groups to leverage increased funding to sustain and grow programs more efficiently throughout the community.

Irvine Nature CenterA $10,000 grant from the Baltimore City Foundation helpedBaltimore students improve their math and science skillsthrough environmental education provided by the Irvine Nature Center. The Center conducted in-depth programs for a variety of age groups featuring outdoor investigations,classroom lessons, sustainability projects, student leadershipopportunities and professional development for teachers.Irvine’s urban outreach programs included One School, a comprehensive partnership with a single city school at a time; Upstream-Downstream, teaching middle school students about the Chesapeake Bay; and a six-week paidsummer fellowship program for high school students who lead summer camps.

Adopt A BlockThe Baltimore City Foundation’s $10,000 grant enabledAdopt A Block to purchase and install materials, cabinets and appliances to outfit a kitchen as part of the restoration ofan inner city neighborhood in Baltimore. The materials werepurchased and work was performed as part of a weeklongyouth summer program to complete home improvements.The volunteer participants also developed leadership andcommunication skills.

Community Programs | BALTIMORE CITY FOUNDATION

Creating the Right Environmentfor Achievement in theFuture

9YouthWorks | BALTIMORE CITY FOUNDATION

Benefits Business, Youth, BaltimoreThe youth unemployment rate in the United States

currently stands at its highest level since World War II.

Young people are missing out on important early work

experiences that prepare them to be the future workforce

that our city, state and country need.

At the same time, many companies struggle to find

employees with the right skills, training, and education that their

businesses require. These are not issues that government can

tackle alone. Baltimore City can be proud that its efforts to

meet these challenges are supported by the many outstanding

partnerships local government has forged with employers,

community- and faith-based organizations, non-profits, educational

institutions, individual citizens and state government. A prime

example of the power of this collaboration is Baltimore City’s

YouthWorks summer jobs program. YouthWorks has become a

nationally-recognized youth employment model, connecting more

than 5,000 young people each year to real-world work experiences

that help our future workforce develop essential workplace

skills by exposing them to career options and pathways and

preparing them to successfully enter the labor market.

Building upon these public-private partnerships, Mayor

Stephanie Rawlings-Blake added the Hire One Youth component

to YouthWorks in 2012 with a team of local business leaders to

encourage the private sector to create summer jobs and play a

more significant role in preparing our future workforce. More than

500 YouthWorkers were interviewed and hired by Hire One Youth

organizations in 2013, equipping Baltimore’s young people with

the essential skills they need to be successful for their transition

from school to work.

1youthHelp Put Baltimore’s Teens to Work This Summer

Hire

YouthWorks

SUMMER JOBS LAUNCH CAREERSBecome a Hire One Youth employer: The Hire One Youth campaign encourages Baltimorebusinesses to join Baltimore City in creating valuable summer employment opportunities for teens by hiring at least one young person through YouthWorks. As an addedperk, the Work Opportunity Tax Credit (WOTC) of 25 percent of wages paid is available to employers that hire a summeryouth employee who works at least 120 hours total for the employer and meets certain requirements. Hire One Youthstaff members will assist employers that hire eligible youth with the tax credit application process.To learn more about Hire One Youth and sign up, please visit baltimorecity.gov/HireOneYouth.

Make a financial contribution to the Baltimore City Foundation: Tax-deductible financial donations to the Baltimore City Foundation/YouthWorks are used to support the wages of our YouthWorks participants. Please use the attached envelope to make a contribution. The cost to sponsor aYouthWorks participant in a six-week summer job is $1,300,but donations of any amount are appreciated and will helpYouthWorks continue to do what it does so well.

Serve as a YouthWorks worksite: YouthWorks also relies on the commitment of agencies andorganizations to serve as worksites, providing work-basedlearning, supervision and mentoring. Organizations that wishto serve as 2014 YouthWorks worksites can sign up onlineat http://youthworks.oedworks.com.

A summer job leads to continued employmentwhile attending collegeHire One Youth participant Trashawn Mackey, 18, (left)performed so well in her summer position at Turner Construction that her supervisor, Project Engineer Coretta Bennett (right), hired her to stay on with the company. Trashawn continues to work at Turner today while she studies civil engineering at Morgan State University.

Preparing our Youth for anExciting and Prosperous Future

Gaining valuable “learn by doing” business experienceand acquiring new skills (above)Benjamin Kaiser (left) works on an assignment with Hire One Youth

participant Bernard Thomas, 16, at RedOwl Analytics, a Baltimore-

based tech start-up developing the next generation, big data analytic

platform. Bernard said, “I’m job shadowing and working with software

engineers, learning Java software. It’s challenging because I’ve never

worked with Java before, but when I get a challenge, it just makes

me want to solve it.”

Summer job creates real-world work experience opportunity in the field of media (left) Through YouthWorks, Lanae Christian, 19, spent her 2013 summer

working at Root Branch Productions, a full service media production

company that utilizes state-of-the-art technology to produce

commercials, promotional videos, documentaries and original

programs for broadcast networks. During her internship, Lanae

had the opportunity to interview Baltimore Orioles third baseman

Manny Machado at Oriole Park at Camden Yards before a game.

While there, she also met ESPN Sports broadcaster Tim Kurkjian,

who gave her tips and pointers about being a good reporter.

“We are fortunate to have so many employers in Baltimore

City who recognize that our talented young people are an asset, and

that helping to shape a well-prepared future workforce is in the best

interest of the business community,” said Donald C. Fry, president

and CEO of the Greater Baltimore Committee and chair of the

Hire One Youth Campaign. “We are working hard to engage even

more employers to join Hire One Youth in 2014 and beyond.”

Through summer work experiences, teens and young

adults develop familiarity with the workplace, become better

prepared to meet employers’ expectations and gain exposure to

career opportunities in the Baltimore metropolitan area’s high-

growth industries. Hiring a summer employee through YouthWorks

is certainly good corporate citizenship – but it is also a solid

investment in businesses and Baltimore’s economy.

BALTIMORE CITY FOUNDATION | YouthWorks8

H O W Y O U C A N H E L P

Thanks to those who have already contributed to supportYouthWorks 2014, but there is still time to make your donation.

Please consider supporting YouthWorks in one of the following ways:

11BALTIMORE CITY FOUNDATION | Community Programs10

Learning Skills to Achieve Life-Long Success

Caroline CenterThanks in part to a $10,000 grant from the BaltimoreCity Foundation, the Caroline Center provided tuition-free career and life skills training to women in Baltimoreleading to certifications as Geriatric Nursing Assistantsand Pharmacy Technicians. One recent graduate, namedQuy’an, credited the program with helping her refocusand set new goals, saying, “The career training was great,but the counseling really turned things around for me.”

Northeast Youth AssociationThe Foundation’s $5,000 grant to the Northeast YouthAssociation helped sponsor three Pop Warner LittleScholars football teams for youth ranging in age fromseven to 13, highlighted by Northeast's 8-10 age groupwinning the Maryland State Championship andadvancing to the second round of the eastern regionalplayoffs. Additionally, Northeast partnered with MorganState University to establish a tutorial, mentoring andleadership development program to support the development of young scholars.

The Carroll Park FoundationWith support from a $6,500 Baltimore City Foundationgrant, the Carroll Park Foundation conserved an artifact collection of documents from Carroll’s Hundred, a historicsite in Southwest Baltimore. These documents depict contributions by enslaved African-Americans to the rise of Baltimore during the colonial period. Baltimore City’sYouthWorks summer jobs program helped to provide 13 young trainees who acquired important job-readinessskills by learning about artifact handling and processing,helping to label every artifact in the 100,000- piece collectionand entering data into a computer-based catalog.

Cristo Rey Jesuit High SchoolThe Foundation’s $10,000 grant helped purchase computerequipment to replace obsolete hardware. The new laptopsare faster, more reliable, and recharge twice as fast, enablingstudents to conduct online research and to complete writingassignments in class and with minimal disruptions. Reliablelaptops also encourage teachers to incorporate the use oftechnology in their lessons, helping to prepare Cristo Rey Jesuit students for success in the 21st century.

The Church of St. Michael and All AngelsThanks to the Baltimore City Foundation’s financial contribution of $5,000 to Camp Success, 35 children wereable to experience cultural enrichment activities throughfield trips to notable places in the Baltimore metropolitanarea, including the Benjamin Banneker Museum, Ripley’sBelieve It or Not! Odditorium and the Baltimore Museumof Industry. In addition to the field trips, the funds supported participation in the Urban Storybook Project allowing each camper to publish his/her own storybook to share with family, friends and the community.

Bon Secours Baltimore Health System FoundationThe Baltimore City Foundation’s $10,000 grant to Bon Secours Baltimore Health System Foundation supported itsCareer Development Program. In 2013, 31 youth completed a six-week, 120-hour job readiness course that improvedskills essential for success and exploring career options. Additionally, four youth participated in a Clean and Greensix-month paid internship building vital work habits, learn-ing landscaping skills and communicating with customers.

Marian HouseIn 2013 the Baltimore City Foundation supported the Marian House – a housing and supportive services rehabilitation program for homeless women and children. All of the women who reside at Marian House are initially unemployed but motivated to become gainfully employed. The Foundation provided $15,000 to support an Education Coordinator to provideone-on-one support to help the women gain the tools and confidence to successfully secure a job. As a result, 83 percent ofthe women increased their income during their stay. At least 73 percent of the women were employed at the time of their exit.

Big Brothers Big Sisters of theGreater ChesapeakeSince 2010 the Foundation’s funding hashelped BBBSGC build safe and enduringmentoring relationships for youth. The $15,000 grant in 2013 supported the B’Mentors initiative, which has matched487 children in one-on-one relationshipswith mentors over the past four years and provided mentoring experiences formore than 600 youth. Additionally, thegrant supported services to youth serviceproviders, including training, reduced-price criminal background checks and technical assistance.

Community Programs | BALTIMORE CITY FOUNDATION

13BALTIMORE CITY FOUNDATION | YouthWorks Contributors12

Payroll Deductions of Baltimore City EmployeesAGENCY DONORS/CONTRIBUTION

Board of Liquor License Commissioners 4 $ 156.00

Board of Municipal and Zoning Appeals 1 130.00

Circuit Court for Baltimore City 3 130.00

City Council 9 559.00

Civil Rights and Wage Enforcement 2 39.00

Comptroller’s Office 6 443.00

Convention Center 6 337.00

Council Services 2 182.00

Department of Finance 25 1,599.10

Department of Health 30 1,874.00

Department of Housing and Community Development 31 1,918.10

Department of Human Resources 6 774.00

Department of Law 8 940.00

Department of Legislative Reference 1 26.00

Department of Planning 3 577.00

Department of Public Works 307 13,986.20

Department of Recreation and Parks 29 1,257.00

Department of Transportation 67 3,822.40

Employees of the Baltimore City Board of School Commissioners 814 36,465.16

Employees’ Retirement Systems 14 1,319.50

Enoch Pratt Free Library 13 777.00

Fire Department 44 2,596.00

Housing Authority of Baltimore City 8 309.14

Mayor’s Office 7 880.00

Mayor’s Office of Employment Development 26 1,603.00

M-R Human Services 11 550.00

M-R Information Technology 39 1,769.00

Office of the Labor Commissioner 1 130.00

Orphans Court 2 158.00

Police Department 136 5,057.75

Sheriff’s Office 3 590.00

State’s Attorney’s Office 5 313.00

TOTAL 1,663 $ 81,267.35

Regrettably, space limitations preclude the individual listing of the hundreds of city employees who contributed to YouthWorks in 2O13 via the Payroll Deduction Plan. Although we cannot list names, we sincerely thank all of these staff members for their generous support.

$50,000 AND ABOVEBusinesses/OrganizationsBaltimore City Mayor and

City CouncilMaryland Governor and the

State of MarylandMaryland State Department

of Human Resources/Baltimore City Department of Social Services

Maryland State Department of Labor, Licensingand Regulation

$25,000 - $49,999Businesses/OrganizationsBaltimore City Public SchoolsThe Harry & Jeanette Weinberg

Foundation Inc.

$10,000 - $24,999Businesses/OrganizationsAT&T Bank of America Charitable

Foundation Inc. Division of Rehabilitation

Services (DORS) Fund for Educational ExcellenceMotorola Solutions Foundation Northrop Grumman Foundation The Annie E. Casey Foundation The Whiting-Turner Contracting

Company United States Conference

of Mayors/DollarWise

$2,500 - $9,999Businesses/OrganizationsAmerican Sugar Refining Inc.

c/o Domino FoodsAmerican Trading & Production

Corporation BGE Constellation Corrigan Sports Enterprises Inc. Philanthropik Inc. Visit Baltimore

$500 - $2,499Businesses/OrganizationsAegis Mechanical Corporation Ayers/Saint/Gross Inc. Baltimore Chapter of the

Continental Societies Inc. Baltimore Community

Foundation Baltimore Life Insurance

Company CMD Outsourcing

Solutions Inc. Education Affiliates, DBA

c/o All State Career Baltimore

Edward St. John Foundation Inc.

Family League of Baltimore City Inc.

Fusion Partnerships Inc. Gallagher Evelius & Jones LLPHarris & Harris Ltd. IT–CNP Inc. McCormick & Company Inc. Milby Company Municipal Employees

Credit Union (MECU) Poole & Kent Corporation T. Rowe Price University of Baltimore

Foundation Inc. Venable Foundation Inc. William L. & Victorine Q.

Adams Foundation Inc.

IndividualsCharles & Elizabeth Reichelt

$100 - $499Businesses/OrganizationsDr. Frank C. Marino

Foundation Inc. Martin Equipment Inc.Women Behind

The Community Inc.

IndividualsJoan Lisa BrombergJohn S. Cassell, Jr.Courtney J. McKeldinBarbara A. MeyersJohn M. PrughKimberly S. SchenckLeslie Wilkerson

$1 - $99IndividualsSharon A. BrooksDominga Chao-AyonDoris W. Coleman-BrownJohn R. DavisShirley EvansHortense H. HenryMark E. HoweValorie L. LacourRebecca LangomesMargaree L. LeePatrick LeeDonnell L. LorenzKyriakos MarudasErnest F. SilversmithNathaniel E. SmithRoselyn StewartGregory StokesRegina L. Traynham

100+ JOBSBaltimore City Department

of Public Works Baltimore City Department

of TransportationThe Johns Hopkins Hospital

and Health System and The Johns Hopkins University

50 - 99 JOBSMartin's Caterers

10 - 49 JOBSMaryland Institute College

of Art (MICA) University of Maryland

Medical Center & System

2 - 9 JOBSAmerica Works of Maryland Associated Black Charities Baltimore City

Convention CenterBaltimore City

Health DepartmentBaltimore City Parking

Authority Inc. Baltimore Development

Corporation C.L. McCoy

Framing Company Inc.Calvert SchoolCenterline Construction

CompanyCenterplate DLA Piper, LLPEmery Federal Credit UnionHilton Baltimore Holy Cross, Our Lady of

Good Counsel,St. Mary, Star of the Sea c/o Catholic Communityof South Baltimore

Hyatt Regency BaltimoreKeswick Multicare CenterL&J Waste Recycling LLC Lexington Market Inc./

Cross Street MarketMaryland Healthcare

Resources Inc.Maryland Stadium AuthorityMaryland Transit

Administration Municipal Employees

Credit Union (MECU) Neighborhood Housing

Services of Baltimore Inc. Santoni’s Super MarketSchuster Concrete

ConstructionSouth Baltimore PartnershipThe Harbor Bank

of MarylandThe Maryland State

Medical SocietyThe Towner Management

CompanyThe Whiting-Turner

Contracting Company Turner Construction

Company Veolia TransportationWalters Relocation Inc.Wells Fargo Bank, N.A.

1 JOBABC Box Company Baltimore City Council

Office, Councilwoman Sharon Middleton

Baltimore City Council President’s Office

Baltimore City Office of Civil Rights & Wage Enforcement

Baltimore City Public SchoolsOffice of Finance

Bunting Door & HardwareCompany

CareFirst BlueCrossBlueShield

Charm City RunCommercial Interiors Inc. Correct Rx Pharmacy

Services Inc.Delaware North CompaniesEdwards & Hill

Office FurnitureEllin & Tucker CharteredGoucher CollegeGreat New Hope TowersGreater Baltimore

CommitteeHazen and Sawyer P.C. Heil Builders Inc. –

Modu TechHilgartner Natural Stone

Company Inc.InvotexJHHL – Legal DepartmentKennedy Krieger InstituteKRA CorporationLaw Offices of

Arnold M. WeinerLaw Offices of

Edward J. Maher, PCLaw Office of

Melvin J. Kodenski Ligon & Ligon Inc. Locke Insulators Inc. Mahogany Inc.Martin-Lauer

Associates LLC McGuireWoods LLP Mercy Medical CenterMiddletons Meads

Company Inc.Midtown Baltimore LLC

c/o The Ritz Carlton Parkwood Machine &

Tool CompanyPSAV Presentations

ServicesRedOwl Analytics Saint Ambrose Housing

Aid Center Schlachman, Belsky &

Weiner P.A.Southeast Community

Development Corporation

Southway Builders Inc.Stifel Nicolaus CompanySue Ann’s Office

Supply Inc. T.N. Ward Company The Baltimore Sun The Cordish Company The Law Office of

Prevas & Prevas The League for People

with DisabilitiesThe Maryland Science

CenterTulkoff Food ProductsUniversal Healing

ServicesValley Dental Pediatrics/

Children’s Oral Health Institute

GOODS/SERVICES

Baltimore City Community College (Facilities)

Baltimore City ConventionCenter

Baltimore City Public SafetyTraining Center

Banking on Our FutureCoppin State UniversityDiamond On The RiseEnoch Pratt Free Libraries Jewish Community Center

of Greater Baltimore Morgan State University

(CASA) National Great Blacks

In Wax MuseumPleasant View Gardens Sandtown Winchester

Senior Center Shake & Bake Family Fun

CenterUnion Baptist Church University of Maryland

at BaltimoreWar Memorial

CommissionWide Angle Youth Media

C O N T R I B U T O R S

Thanks for YourGenerous Contributions

to YouthWorksYouthWorks Contributors | BALTIMORE CITY FOUNDATION

Financials | BALTIMORE CITY FOUNDATION 15

F I N A N C I A L S TAT E M E N T STo the Board of DirectorsBaltimore City Foundation Inc.

Report on the Financial StatementsWe have audited the accompanying financial statements of Baltimore CityFoundation Inc. (a nonprofit organization), which comprise the statementof financial position as of June 30, 2013, and the related statements ofactivities and cash flows for the year then ended, and the related notesto the financial statements.

Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that arefree from material misstatement, whether due to fraud or error.

Auditor’s ResponsibilityOur responsibility is to express an opinion on these financial statementsbased on our audit. We conducted our audit in accordance with auditingstandards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonableassurance about whether the financial statements are free of materialmisstatement.

An audit involves performing procedures to obtain audit evidence aboutthe amounts and disclosures in the financial statements. The proceduresselected depend on the auditor’s judgment, including the assessment ofthe risks of material misstatement of the financial statements, whetherdue to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s

2013 2012AssetsCash and Cash Equivalents $ 762,360 $ 493,557Accrued Interest Receivable 40,311 51,843Investments 6,704,029 6,739,495Due from City of Baltimore 303,600 821,494Other Receivables 44,912Prepaid Expenses 362,268 302,600

TOTAL ASSETS $ 8,172,568 8,453,901

LiabilitiesAccounts Payable $ 20,441 $ 31,544Deferred Revenue 440,050 381,750

TOTAL LIABILITIES $ 460,491 $ 413,294

Net AssetsUnrestricted $ 2,933,934 $ 2,226,086Temporarily Restricted 4,778,143 5,814,521

TOTAL NET ASSETS $ 7,712,077 $ 8,040,607

TOTAL LIABILITIES AND NET ASSETS $ 8,172,568 $ 8,453,901

Temporarily 2013 2012 Unrestricted Restricted Totals TotalsSupportContributions $ 100 $ 2,354,451 $ 2,354,551 $ 2,754,014Investment Income 486,675 — 486,675 345,706

$ 486,775 $ 2,354,451 $ 2,841,226 $ 3,099,720

Net Assets Released from Restrictions 3,390,829 — —

TOTAL SUPPORT AND RECLASSIFICATION $ 3,877,604 $2,841,226 $ 3,099,720

ExpendituresProgram Services $ 2,822,199 — $ 2,822,199 $ 3,043,013General and Administrative 347,557 — 347,557 379,739

Total Expenditures $ 3,169,756 — $ 3,169,756 3,422,752

Increase (decrease) in Net Assets 707,848

NET ASSETS AT BEGINNING OF YEAR $ 2,226,086 $ 5,814,521 $ 8,040,607 $ 8,363,639

NET ASSETS AT END OF YEAR $ 2,933,934 $ 4,778,143 $ 7,712,077 $ 8,040,607

(3,390,829)

(328,530)

(1,036,378)

(1,036,378) (323,032)

2013 2012Cash Flows from Operating Activities:Decrease in Net Assets Adjustments to Reconcile decrease in Net Assets to Net Cash Providedby Operating Activities:

Realized gains on Sales of Investments Unrealized gains on Investments

(Increase) decrease in Operating Assets:Accounts Receivable & Other Receivables Accrued Interest Receivable 11,532 25,131Prepaid Expenses

Increase (decrease) in Operating Liabilities:Accounts Payable Deferred Revenue 58,300 49,575

NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES

Cash Flows from Investing Activities:Purchase of Investments Proceeds from Sale and Maturity of Investments 599,698 1,039,601

NET CASH PROVIDED BY (USED BY) INVESTING ACTIVITIES $ 213,921

NET DECREASE IN CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS, Beginning of Year $ 493,557 $ 944,479

CASH AND CASH EQUIVALENTS, End of Year $ 762,360 $ 493,557

(385,777) (286,594)

(79,191)

$ 753,007

562,806

$ 268,803

$ (328,530)

(11,103)

$ (1,203,929)

(99,264)(12,943)

(258,616)

15,325

$ 54,882

$ (450,922)

$ (323,032)

(75,120)

STATEMENT OF FINANCIAL POSITIONJune 30, 2013 (with comparative totals as of June 30, 2012)

STATEMENT OF ACTIVITIESFor the year ended June 30, 2013 (with comparative totals as of June 30, 2012)

STATEMENT OF CASH FLOWSFor the year ended June 30, 2013 (with comparative totals as of June 30, 2012)

(59,668)

(624,249)

internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentationof the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

OpinionIn our opinion, the financial statements referred to above presentfairly, in all material respects, the financial position of Baltimore CityFoundation Inc. as of June 30, 2013, and the changes in its net assets and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

Report on Summarized Comparative InformationWe previously audited Baltimore City Foundation Inc.’s 2012 financialstatements, and our report dated October 23, 2012, expressed an un-modified opinion on those audited financial statements. In our opinion,the summarized comparative information presented herein as of and forthe year ended June 30, 2012, is consistent, in all material respects,with the audited financial statements from which it has been derived.

King, King and Associates, P.A.Certified Public Accountants and Management Consultants

October 22, 2013

BALTIMORE CITY FOUNDATION | Financials14

3. FAIR VALUE MEASUREMENTS (continued)

The three levels of fair value hierarchy under FASB Statement ASC 820 are described as follows:

Level 1: Inputs to the valuation methodology are unadjusted quotes prices for identical assets or liabilities in active markets that the Foundation has the ability to access.

Level 2: Inputs to the valuation methodology include:• Quoted prices for similar assets or liabilities in active markets;• Quoted prices for identical or similar assets or liabilities in inactive markets;• Inputs other than quotes prices that are observable for the assets or liability:• Inputs that are derived principally from or corroborated by observable market

or data or correction or other means.

If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.

Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

Fair value measurements for investments reported at fair value on a recurring basis at June 30, 2013 were determined based on:

Money Market/Mutual Funds $ 2,354,320 $ 2,354,320Municipal Bonds $ 720,939 720,939Corporate Bonds 2,326,375 2,326,375Equities 1,150,840 1,150,840U.S. & Agency Securities 151,555 151,555

TOTAL INVESTMENTS $ 3,505,160 $ 3,198,869 $ 6,704,029

All assets have been valued using a market approach. There were no changes in valuation techniques in the year ended June 30, 2013.

4. NET ASSETS RELEASED FROM RESTRICTIONSAll contributions are considered to be available for unrestricted use unless specifically restricted by the donor. Amounts received that are designated for future periods or restricted by the donor for specific purposes are reported as temporarily restricted or permanently restricted support that increases those net asset classes. When a temporary restriction expires, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions. During the year ended June 30, 2013, $3,390,829 in net assets were released from donor restrictions by incurring expenses satisfying the restricted purpose specified by the donor or grantor.

5. CONTRIBUTED SERVICESCertain support services are performed by personnel of the City of Baltimore, and the Foundation does not incur any cost for services rendered by such employees. No amounts have been reflected in the financial statements for those services since they do not meet the criteria for recognition.

6. UNRESTRICTED ADMINISTRATIVE EXPENSESDuring the fiscal years ended June 30, 2013 and 2012, the following expenses were charged to the administrative account.

2013 2012Charitable Contributions $ 237,200 $ 263,670Professional & Contractual Fees 58,082 61,917Investment Fees 36,851 35,781Other Fees 488 1,665Supplies & Other Costs 933 771Printing 14,003 15,936

$ 347,557 $ 379,739

7. EXPENSED EQUIPMENTEquipment purchased by the various funds is expensed in these financial statements. Equipment costing more than $5,000 per item is transferred to the City of Baltimore via letter of donation. At June 30, 2013, $54,547 of equipment purchased by fund 046 and included in the “Other Expenditures” column of the Statement of Activities by Fund, was transferred to the City.

8. COMPARATIVE INFORMATIONThe financial statements include certain prior-year summarized comparative information in total but not by net asset class. Such information does not include sufficient detail to constitute a presentation in conformity with generally accepted accounting principles. Accordingly, such information should be read in conjunction with the Foundation’s financial statements for the year ended June 30, 2012, from which the summarized information was derived.

9. EVALUATION OF SUBSEQUENT EVENTSThe Foundation has evaluated subsequent events through October 22, 2013, the date which the financial statements were available to be issued.

1. NATURE OF ACTIVITIESBaltimore City Foundation Inc. (the Foundation) was incorporated on January 5, 1981 under the laws of the State of Maryland as a non-stock, not-for-profit corporation to foster and promote the growth,progress and general welfare of the City of Baltimore. The Foundation serves as a channel for the collection and disbursement of funds for various programs administered by local community organizations and Baltimore City agencies. The Foundation’s support comes primarily from individual and business donor contributions.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of AccountingThe financial statements of the Foundation have been prepared on the accrual basis.

EstimatesThe preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Cash and Cash EquivalentsFor purposes of financial statement presentation, the Foundation considers all money market funds andhighly liquid debt instruments with maturities of six months or less when acquired to be cash equivalents.

Cash and Cash Equivalents consist of the following: 2013 2012Money Market Account $ 39,996 $ 39,848

Repurchase Agreements 722,364 453,709

$ 762,360 $ 493,557

InvestmentsInvestments are stated at fair value based on quoted prices within active markets and consist of the following at June 30, 2013:

COST FAIR VALUEMoney Market/

Mutual Funds $ 2,173,940 $ 2,354,320U.S. Agencies Securities 157,759 151,555 Municipal Bonds 676,246 720,939Corporate Bonds 2,109,065 2,326,375Equities 791,933 1,150,840

TOTAL INVESTMENTS $5,908,943 $ 6,704,029

The following schedule summarizes the investment return as reported on the statement of activities for the year ended June 30, 2013:

Interest/Dividend Income $ 308,220Realized Gains & Losses 99,264Unrealized Gains & Losses 79,191

$ 486,675

ContributionsThe Foundation reports gifts of cash and other assets as restricted contributions when they are received with donor stipulations that limit the use of the donated assets. When the intent of the donoris that the assets are to remain in perpetuity and the Foundation does not have the right to invade theoriginal principal, the assets are reported as permanently restricted. When a donor restriction expires(such as when a stipulated time restriction ends), temporarily restricted net assets are released to unrestricted net assets and reported in the statement of activities as net assets released from restrictions. Net assets are primarily released from donor restrictions when time restrictions are satisfied. The Foundation has no permanently restricted net assets.

Income Tax StatusAs a non-profit meeting the requirements of Section 501(c)(3) of the Internal Revenue Code, the Foundation is exempt from income taxes. In addition, the Foundation qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2).

The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that a tax position will be sustained on examination by taxing authorities based on the technical merits of the position. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal years 2013 and 2012. The Foundation is generally no longer subject to examination by the Internal Revenue Service for years before 2010.

3. FAIR VALUE MEASUREMENTSThe Foundation uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures of investments in debt and equity securities.

Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820, Fair ValueMeasurements and Disclosures, provides the framework for measuring fair value. The framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements).

BALTIMORE CITY FOUNDATION | Financials16

N O T E S T O F I N A N C I A L S TAT E M E N T S

Quoted Prices InActive Markets For Identical Assets (Level 1)

SignificantOther

Observable Inputs (Level 2) TOTAL

The Baltimore City Foundation is a 501(c)(3) nonprofit organization–donations to which are tax deductible to the fullest extent allowed by law. A copy of our current financial statementis available upon written request at 10 North Calvert Street, Suite 915, Baltimore, MD 21202.Documents submitted to the State of Maryland under the Maryland Charitable SolicitationsAct are available from the Office of the Secretary of State for the cost of copying and postage.

Baltimore City Foundation Inc.10 North Calvert Street, Suite 915

Baltimore, MD 21202

Phone: 410-396-1395

www.baltimorecityfoundation.org

BALTIMORE CITY FOUNDATION2013 BOARD OF DIRECTORS

Lenwood Ivey, Ph.D.PresidentBaltimore City Foundation Inc.

Harry E. BlackDirectorBaltimore City Department of Finance

Francis X. BossleExecutive Director Johns Hopkins University Internal Audits

James Piper IIIFormer Executive Vice PresidentColdwell Banker Residential Brokerage

Karen SitnickDirectorMayor’s Office of Employment Development

Hon. Martin P. Welch, Sr.JudgeCircuit Court for Baltimore City

Ellen H. YankellowPresident/CEOCorrect Rx Pharmacy Services Inc.

Board Support:Michael BroacheNancy Pivec