20 21 R E P O R T T O T H E C O M M U N I T Y
The Hillsboro Lighthouse, featured in this report, is an iconic Broward County landmark and an enduring symbol of steadfast public service. For more than a century, this BOLD beacon has protected and inspired those who call Broward home.
A MESSAGE ABOUT OUR BOLD IMPACT AND BRIGHT FUTURE What a joy it is to look back on a year of new initiatives and BOLD philanthropy that create life-changing impacts today and shape a brighter future for us all. During a year of big challenges – from the ever-changing pandemic to the ongoing push for racial equity – the Community Foundation of Broward has achieved record-level grantmaking to make life better in Broward. Thanks to our dedicated Fundholders, we are targeting critical support on innovative ways to help residents overcome hurdles. And we are investing in opportunities to make Broward a more vibrant community for generations to come. For example, we launched the $1 million BE BOLD Prize to jump-start career opportunities in neighborhoods disproportionately affected by lingering unemployment. To inspire awareness and encourage social justice solutions, we are supporting engaging arts initiatives – including performances, gallery exhibitions, podcasts, workshops, festivals and more – that break through barriers and help build a better community. In addition, our eye-opening special report entitled “Untapped Potential” identified the strengths, deficiencies and true potential of local philanthropy. And to tap that potential, the BE BOLD Leadership Campaign is gaining momentum with nearly $200 million in endowed resources raised to tackle Broward’s growing needs. With the support of BOLD donors who partner with us for their philanthropy, there’s no limit to what the Community Foundation can achieve for the place we call home.
James Donnelly,
Jennifer O’Flannery Anderson, Ph.D.,
Board Chair
President/CEO 1
OUR IMPACT A GLANCE 489 $14 million
Charitable Funds created by generous philanthropists and managed by the Community Foundation.
$33
million
TOTAL GRANTED FROM CHARITABLE FUNDS IN 2020-2021. *Community Foundation record
$145 million TOTAL GRANTED
TOTAL NEW GIFTS and PLANNED/ ESTATE GIFT PROMISES to the Community Foundation in 2020-2021.
from charitable Funds since the Community Foundation was established in 1984.
We gratefully acknowledge our friends who make this publication possible: 2
Harry T. Mangurian, Jr. Foundation, Inc.
T AT 43
Number of
Community Builders – philanthropists who have created an endowed charitable Fund of
$1 million or more.
165 Number of LEGACY
SOCIETY MEMBERS – philanthropists who have included a gift to the Community Foundation in their will/ estate plan.
$269 million
TOTAL ASSETS – our grantmaking muscle – managed by the Community Foundation and made possible by our visionary Fundholders.
$360
MILLION Total amount of planned/ estate gifts promised to the Community
TOP
100 We are ranked 87th among the nation’s TOP 100 community foundations.
Foundation by our
Legacy Society Members.
3 (Fiscal year data as of June 30, 2021)
IMPACT IN WITH RECORD-LEVEL GRANTMAKING AND BOLD LEADERSHIP, THE COMMUNITY
FOUNDATION FUELS INNOVATIVE SOLUTIONS, FORGES DYNAMIC PARTNERSHIPS AND TACKLES BROWARD’S BIG CHALLENGES. HERE ARE A FEW EXAMPLES:
HIDDEN HEROES AWARDS:
ANIMAL WELFARE:
Prizes for 12 real-life
More support
superheroes whose work
to boost animal
helps our community face
adoptions,
the pandemic as well as
deliver spay and
new grants to further the
neutering, expand
missions of the critical
wildlife rescue
nonprofits they represent.
and encourage other innovative opportunities to care for Broward’s
YOUTH EMPOWERMENT: $2 million grant from The Jim Moran Foundation to support education and career opportunities for Broward young people who need a hand up.
animals.
$1M BE BOLD PRIZE: New award to jump-start career opportunities in neighborhoods
RACIAL EQUITY TRAINING:
disproportionately affected by
Collaboration with the
lingering
Children’s Services Council to
unemployment,
provide racial equity training
made worse by
for top local leaders to raise
the pandemic.
awareness of systemic racism and implicit bias.
EMERGENCY PANDEMIC AID: Joining forces with The Humana Foundation to provide more food, financial support and other much-needed help for low-income families, isolated seniors and others at risk of missing out on pandemic aid.
NONPROFITS RESILIENCY TRAINING: Teaching nonprofits strategies to overcome pandemic obstacles and 4
providing grants to help them invest in new technology and other ways to face future challenges.
ACTION SEA CADETS’ NEW HOME:
Construction of a Sea Cadet training center, Arc Broward’s new culinary careers teaching kitchen and more capital projects are made possible by the endowed Mary N. Porter Legacy Fund.
ARTS & SOCIAL JUSTICE: Support for engaging arts initiatives – performances, podcasts, exhibitions, festivals and more – that build understanding,
GARDENING FOR GOOD
foster equity and
Helping families learn new ways
encourage positive action.
to eat better and relieve stress by growing their own food and spices in windowsill gardens and small planters.
LGBTQ+ COLLABORATION: Began talks with Our Fund Foundation about a partnership in 2022 to boost LGBTQ+ support and prioritize innovative opportunities to foster social and racial equity for LGBTQ+ residents.
PROTECTING THE ENVIRONMENT: Another wave of environmental support to restore beach dunes, plant trees and improve water quality gets a $50,000 boost from a new
FACING SEA-LEVEL RISE:
LIFE-SAVING HEALTH CARE ACCESS:
collaboration with Spirit Airlines.
Collaboration with Memorial Healthcare
Helped commission a
System enables mobile care centers to
groundbreaking study identifying a
bring free breast cancer screenings and
$5 billion Broward business benefit
other critical services to neighborhoods
to preparing for sea-level rise.
that lack health care.
5
BE BOLD LEADERSHIP CAMPAIGN The BE BOLD Leadership
Teaming up with the Community
Campaign is an exciting
Foundation empowers
opportunity for people who love
philanthropists to tackle big
Broward to fuel innovative solutions
challenges today and to shape a
and create permanent support for
brighter future for Broward. By
the place they call home.
joining this leadership campaign, you gain a philanthropy partner with
The Community Foundation of
the expertise to amplify your impact
Broward launched the campaign in
for the community you love.
2018 to build an endowment able to keep pace with our community’s
The success of the BE BOLD
fast-growing needs.
Leadership Campaign ensures Broward will have lasting, flexible
Already, our BE BOLD Leadership
resources to be a vibrant community
Campaign has raised nearly $200
for generations to come.
million in new gifts and planned gifts from visionaries who create
Broward’s future is in our hands. Are
charitable Funds at the Community
you ready to BE BOLD?
Foundation.
LEARN MORE: Visit www.cfbroward.org/be-bold or Call (954)761-9503
$191 MILLION RAISED Through June 2021
70 New Charitable Funds 38 New Legacy Gifts 14 New Community Builders with $1M+ Endowed Funds
“Lasting change happens when people who care about their community choose to make a difference. The Community Foundation makes philanthropy easy and fulfilling.” Steven W. Hudson, Community Foundation Community Builder and former Board Chair The Hudson Family Foundation made a $5 million endowed gift to the BE BOLD Leadership Campaign
UNTAPPED POTENTIAL: ACHIEVING BROWARD’S TRUE GIVING POWER The Community Foundation of
Yet a closer look shows that
$700 million annual boost in critical
Broward in 2021 commissioned an
Broward’s charitable giving –
resources – if all local donors gave at
eye-opening special report, called
particularly the percentage of
the same level as their Florida peers.
“Untapped Potential.” Our study
income Broward residents donate –
takes a deep dive into tax records as
lags behind similar-size communities
Armed with these findings, the
well as giving trends in Florida and
in Florida and across the country.
Community Foundation is calling
beyond.
on everyone who loves Broward – The good news is, the study
residents, civic organizations, local
The study shows that Broward’s
identifies significant sources of
businesses, policymakers, private
charitable donations reported on
untapped potential support, which
foundations and more – to join with
tax returns during the past decade
could vault Broward’s philanthropic
us to help overcome Broward’s
have been trending up at a time
resources to exciting new levels. For
charitable giving gap.
when statewide, the percentage of
example, Broward’s total donations
residents who give is on the decline.
could grow to $1.9 billion a year – a
BROWARD’S PROJECTED ANNUAL GIVING POTENTIAL
$1.9 BILLION
Giving potential if all donors gave at percentages similar to Florida peer counties
$1.5 BILLION
Giving potential if upper-income donors gave at same percentage as peer metros
$1.2 BILLION
Broward’s average annual giving
LEARN MORE ABOUT BROWARD’S UNTAPPED POTENTIAL: Scan this QR code to download a copy of our philanthropy study.
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COMMUNITY BUILDERS COMMUNITY BUILDERS ARE BOLD LEADERS WHO PARTNER WITH THE COMMUNITY FOUNDATION TO ESTABLISH ENDOWED CHARITABLE FUNDS OF $1 MILLION OR MORE THAT SHAPE A BRIGHTER FUTURE FOR BROWARD.
THESE 43 DEDICATED INDIVIDUALS, FAMILIES AND COMMUNITY ORGANIZATIONS FUEL INNOVATION AND TACKLE BROWARD’S BIG CHALLENGES WITH GRANTS FROM THEIR ENDOWED FUNDS. BY TEAMING WITH THE COMMUNITY FOUNDATION FOR THEIR PHILANTHROPY, COMMUNITY BUILDERS CREATE A BOLD IMPACT FOR BROWARD – TODAY AND FOREVER.
Nancy Lynn Brown (center) cuts the ribbon on her new Community Builder plaque, with her professional advisors Debra Vogel (left) and Philip Verde (far right) joining Foundation Board Member Kurt Zimmerman (second from left) at the celebration.
NE W COMMUN IT Y BUILDE R: Cathy and James Donnelly Cathy and James Donnelly met in Canada and forged a life together in Fort Lauderdale based on family, hard work and giving back to the community they call home. To thank the community that embraced them, Cathy and James worked with nonprofit, business and community partners to enhance the lives of vulnerable Broward residents. Their collaboration with the Community Foundation provides them a team of experts to ensure their generosity fuels solutions where needed the most. The endowed Cathy and James Donnelly Charitable Fund creates permanent resources to tackle food insecurity, mental health and other issues that matter to them.
$130M+
in endowed gifts – able to grow through careful investment – from our 43 visionary Community Builders.
JIM ACHESON James C. Acheson Fund
JAMES I. CODDINGTON, JR. James I. Coddington, Jr. Charitable Fund
MARION T. AND PERCY P. ARCHIBALD Percy P. and Marion T. Archibald Fund
RANDY AND LARRY COTTER Elizabeth Cotter Memorial Fund
SALLY AND FRANK ATLASS Sally and Frank Atlass Charitable Fund.
LIBBY AND JACK DEINHARDT Libby and Jack Deinhardt Funds
BBX CAPITAL BBX Capital Fund for the Arts
LEONARD AND ANTJE FARBER Leonard and Antje Farber Endowment Fund
NE W COMMUN IT Y BUILDE R: Andr ew L . Wur tele Giving back is a family tradition for Andrew Wurtele, whose father Angus Wurtele – former CEO of The Valspar Corporation – was a devoted philanthropist who supported the arts, education, cultural institutions and the environment. Andrew carried on the family tradition of philanthropy with support for national charitable organizations with local programs to help Broward’s youth and lift up struggling families. Andrew also created the endowed Andrew L. Wurtele Family Fund to provide forever support for young people, the arts, the environment and more. He involves his daughter, Serena, in his philanthropy to teach the value of giving back to the community.
9
“We raised our family here. Our business is here. The community has been so good to us. We want to be good back. We truly hope that our gift is an inspiration for others to do the same.” - James Donnelly, Community Foundation Board Chair, who along with his wife Cathy is a new Community Builder
DOROTHY AND HAROLD FRANKS Dorothy and Harold D. Franks Funds
MARLENE HOLDER Marlene Holder Fund for Broward
RICHARD FRISBY Richard Frisby and Edward Burkhart Fund
FRANCIE BISHOP GOOD AND DAVID HORVITZ Francie Bishop Good and David Horvitz Fund for the Arts
GERTRUDE GRAY Gertrude Gray Memorial Scholarship Fund
HUDSON FAMILY FOUNDATION Hudson Family Fund
NE W COMMUN IT Y BUILDE R: N ancy Lynn Brown Nancy Lynn Brown loves the new experiences and learning that come from travel. Seeing new places, asking questions, making friends – for Nancy, traveling provides new opportunities to learn and grow. To give back to her community, Nancy partners with the Community Foundation of Broward to create life-changing travel opportunities for college students. The Nancy Lynn Brown Scholarship Fund at the Community Foundation provides permanent support for educational travel opportunities, especially for students who otherwise could not afford to go. Through her partnership with the Community Foundation, Nancy empowers local students to broaden their horizons through travel.
THE POWER OF ENDOWMENT Mary Mackenzie’s Fund produces approximately
$780,000 each year
To Date: 236 grants awarded TOTALING $7.8M
for the Community Foundation to grant and tackle Broward’s greatest needs.
Current 2021 Fund balance is $15.6M
2008: Mary and Alex Mackenzie Community Impact Fund created with $12.1M gift
FREDERICK W. JAQUA Frederick W. Jaqua Fund
STEPHEN A. KELLER Stephen A. and Ethel L. Keller Funds
HARRIET AND JACK KAY E Jack and Harriet Kaye Fund
KIWANIS CLUB OF FORT LAUDERDALE Kiwanis Club of Fort Lauderdale Charitable Fund Kiwanis Club of Fort Lauderdale Scholarship Fund
GINNIE AND DICK KEARNS Kearns Family Foundation Fund
ELAINE AND JON KRUPNICK Krupnick Family Fund Elaine Krupnick Fund for the Arts
NE W COMMUN IT Y BUILDE R: L awr ence A . Sand er s Lawrence Sanders created stories that still enthrall readers around the world. His suspense thrillers feature private eyes, cops, crooks and other intriguing characters. The Anderson Tapes, First Deadly Sin and McNally’s Puzzle are just a few of his nearly 40 novels. Through grants from his private foundation, two endowed Funds were created at the Community Foundation of Broward to promote Lawrence’s passion for literacy and cultivating ambitious young writers. The Lawrence A. Sanders Fund to Promote Literacy and the Lawrence A. Sanders Scholarship Fund for Creative Writing provide forever support for the issues he cared about most.
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“The Community Foundation will help me find new avenues to support Broward. I can be much more targeted to the issues that matter the most to me and my family.” - Andrew Wurtele, new Community Builder, shown with his daughter Serena
MARY MACKENZIE Mary and Alex Mackenzie Community Impact Fund
JIM AND JAN MORAN Jim and Jan Moran’s Family of Funds
EVERETT H. METCALF, JR. Everett H. Metcalf, Jr. Unrestricted Fund
MARY N. PORTER Mary N. Porter Funds
ROSE MINIACI Rose Miniaci Family Fund
JOHN H. RAU John H. Rau Space Education Fund
NE W COMMUN IT Y BUILDE R: Judith Ann Linnell Judith Linnell loved living in a vibrant community close to the sea. She was a longtime member of the Coral Ridge Yacht Club and a dedicated supporter of the Navy League. Because Judith cared for her community, she prioritized giving back. Her estate gift created the Judith Ann Linnell Foundation, establishing support for the arts, civic engagement and education in Broward and creating opportunities for children in need. When her private foundation neared its sunset, Judith’s trustees teamed with the Community Foundation to create an endowed Fund that continues her legacy of shaping a brighter future for Broward.
GLORIA AND ALVIN ROSS Alvin and Gloria Ross Community Care Fund
JUDY AND DON THIEL Judy and Don Thiel Fund
LOUISE B. AND JOSEPH S. RUMBAUGH Joseph S. and Louise B. Rumbaugh Fund
ELAINE AND DR. ERWIN M. VASQUEZ Elaine and Erwin M. Vasquez, M.D. Family Foundation Fund
CAROLE AND STEVE SCOTT Scott Family Fund
LOUISE WEMYSS Louise Wemyss Fund For Animal Welfare
FRANCIS A. AND ADELINE M. SINES Francis A. and Adeline M. Sines Memorial Fund
MAY JEAN AND LOU WOLFF Lou and May Jean Wolff Family Foundation Fund
HELEN WYATT RUST STOYKOV Helen and Frank Stoykov Charitable Endowment Fund
ANONYMOUS (2) Two philanthropists have created Funds to support Broward’s growing and changing needs.
MILDRED TALKWICZ Mildred Talkwicz Charitable Fund
To learn more about all of our Community Builders, scan this QR code: 13
LEGACY SOCIETY LEGACY SOCIETY MEMBERS SHAPE BROWARD’S FUTURE THROUGH THEIR ESTATE GIFTS TO
THE COMMUNITY FOUNDATION. THEY PARTNER WITH US TO CREATE ENDOWED CHARITABLE FUNDS THAT ENSURE THEIR BOLD IMPACT CONTINUES FOREVER. Jonathan K. Allen
Joy and Kyle Branyon
Frank Crawford
Suzanne Y. and Edward R. Allen
Richard A. Bray
Jan C. Crocker
Jennifer O’Flannery Anderson and
Rod Breene
Jan R. and James A. Cummings
Nancy Lynn Brown
Diane and John Dalsimer
Jeannette Archer-Simons and
Anita and Ralph M. Byer
Carolyn Davis and Ned Black
Cindy and Jim Caird
Cathy and James Donnelly
Carla and Giorgio Arra
Melanie M. Camp
Maggie and Jim Dunn
William W. E. Ash III
Linda B. and R. Michael Carter
Susanne and Marty Ellman
Mimi Bauer
Rita Case
Doris D. Emmett
Ann M. Bederman
Barbara R. Castell
Lorraine and Gerry Farmer
David Behr
Keith and Dot Cobb
Lawrence “Larry” S. Feuer
David C. Bland
Bonnie Collins
Donna Fisher-Williams
Lisa A. Bonk
Carol Cooper
Louis and Janine Flematti
Peter Anderson Robert E. Simons
Diane and Angelo Gencarelli Jean and Tom Giordano Elisa R. and Barry H. Goldman Best-selling author Brad Meltzer, whose books include The Escape Artist, The Lincoln Conspiracy and the children’s book series, Ordinary People Change the World, provides his insights at the Community Foundation of Broward’s 2021 Legacy Society celebration in February.
Mitchell E. Grant Barbara T. Gray Wilson B. and Susan Greaton Barbara Grevior Richard Grillo Madelaine and Steven J. Halmos Ed Hashek and John Jors Frank and Roberta Helsom Ronald Herron William Victor Higdon Jane N. Huston Paige and Steve Hyatt
14
Lesley Mitchell Jones Emerson W. Kanode
$360M
in planned/estate gifts are promised by
165 Legacy Society Members.
Cindy and Laurence M. Kashdin
Hugh E. Root
Tundra M. King
Amanda and Noah Rosenfarb
Brigitte Kimmich
Charles L. Ross
“Being thankful is not
Victoria C. Kirby
John D. Ryan
good enough. I need
Walter W. Krueger
Heidi Schaeffer
to give back to the
David B. Kyner
Franklin R. Schmidt
community.”
Lynn and James B. LaBate
Steve and Carole Scott
Marcy Lambert
Grace Dudleck Shepherd
Christine L. and Arthur W. Lambertus
Marianne and Randolph J. Shine
Gerald L. Laskey
Patricia A. Shub
Ida and Raymond H. Leightman
Andrew and Lynn Siebert
Robert Lichtenstein
Leslie Siegel
Beth E. Linzner
Eugene C. Smith and David A. Moon
Gabriele E. Magdanz
Fred G. Smith
MP and James Malone
Hilda Sokolowski
Patricia Martinez
William C. Spencer
Community Foundation
Virginia M. McCormick
J.R. Steele
will be doing the work
Alex McCroson and Shawn Powell
Patricia A. Stover
for me, and it goes on
James D. McKenzie
Sandy and J. Kenneth Tate
forever.”
Jo Ann K. and Donald B. Medalie
Nancy and Bill Thies
Greg Medalie
Steven Jay Thor
Daryl G. Miller
Sondra R. Title
Virginia I. and Thomas J. Miller
Ben and Barbara Tobias
Jan Moran
Gregory D. Unwin Moore
Carolyn Morgan
Melba Urbanek
Sandra Muvdi
Paula Valentine
Jacqueline Niehaus
Elaine Vasquez
Nanette and Mark Olson
Charles L. Verner
Pat Owen
Janice Weintraub and Irwin Weideger
Susan Nolan Palmer
Dixie E. Wheeler
Sarah and Scott Parker
June Wise
Ingrid and Brian Poulin
May Jean Wolff
Ann S. Powell
Kurt Zimmerman
David E. Ratcliffe
Anonymous (42)
Nancy and Dave Reierson Sally J. Robbins
“By partnering with the Community Foundation, I know my impact will be broad and will touch many people.” “I love knowing that the
Larry Feuer, Community Foundation of Broward Legacy Society Member
PROFESSIONA ADVISORS CO
OUR PROFESSIONAL ADVISORS COUNCIL IS AN ELITE GROUP OF ATTORNEYS, ACCOUNTANTS AND FINANCIAL ADVISORS WHO HAVE REFERRED CLIENTS WHO CREATE CHARITABLE FUNDS AT THE COMMUNITY FOUNDATION. WORKING TOGETHER, WE HELP THEIR CLIENTS ACHIEVE THEIR CHARITABLE GOALS AND CREATE A BOLD IMPACT FOR OUR COMMUNITY. Frank T. Adams, Esq.
Richard G. Coker, Jr., Esq.
Douglas F. Hoffman, Esq.
Louis C. Anderson, Esq.
Marinela Collado, CPA/PFS, CFP®
Andrew L. Jimenez, Esq.
Peter Anderson, CFP®, CPFA, CEPA
Joan K. Crain, TO
Jennifer W. Jones
Lisa K. Crawford, Esq.^
Robert B. Judd, Esq.
James B. Davis, Esq.
Thomas O. Katz, Esq.
David J. Diaz, CFP
Robert L. King, Esq.
James M. Dolan, CPA
Robin J. King, Esq.
Frank B. Dolph III
Tracey Kinker, CPA
Mary Sue Donohue, Esq.*
James B. LaBate Jr.
Tanya L. Bower, Esq.
Pamela A. Fau, CTFA
John Lacy, CPWA®
Francis B. Brogan, Jr., Esq.*
Ralph L. Focaracci, CPA
Dunwody White & Landon, P.A. Louis C. Anderson Law Office, LLC
Woodforest Wealth Strategies/Raymond James Financial Services
Adan A. Aulet, Jr., Esq. MacLean & Ema, P.A.
Kaley N. Barbera, J.D., LL.M. Snyder & Snyder, P.A.
Richard A. Berkowitz, JD, CPA
Berkowitz Pollack Brant Advisors and Accountants
Jeffrey N. Blaze, CFP
FDR Financial Group, Inc.
Judy B. Bonevac, Esq.
Judy Barringer Bonevac, P.A. Chair of the Professional Advisors Council
Tripp Scott
Ralph M. Byer
Merrill Lynch Wealth Management
Cynthia Borders-Byrd, CPA C Borders-Byrd, CPA, LLC
John Cartledge
Aurora Private Wealth
Kathleen M. Casey, Esq. Kathleen M. Casey, PLLC
Lowell J. Chick, CPA, MBA Chick and Karo, CPA’s, P.A.
Christina M. Cleveland, FA 16
Merrill Lynch Wealth Management
Alan B. Cohn, Esq. Greenspoon Marder
Coker & Feiner, P.A.
Tobias Financial Advisors
BNY Mellon Wealth Management Lisa Crawford K. Crawford, Esq., PLLC Gunster
Merrill Lynch Wealth Management James M. Dolan, P.A.
Frank B. Dolph III & Associates DG Law/Bridging Generations LLP SunTrust Bank, South Florida, N.A. Ralph L. Focaracci, P.A.
John P. Friedrich, Esq. Friedrich & Friedrich, P.A.
Jill R. Ginsberg, Esq.^ Ginsberg Shulman, PL
Adam S. Goldberg, Esq.
Revis, Hervas, & Goldberg. P.A.
Deborah P. Goodall, Esq.
Goldman Felcoski & Stone, P.A.
Katherine N. Guida, TO
The Northern Trust Company
Marie C. Hansen, TO
The Northern Trust Company
Rudolf & Hoffman, P.A.
Jimenez Law Offices, P.A. Gunster
Olive Judd, P.A.
Katz Baskies & Wolf PLLC Robert L. King Law Office King Law
Tracey J. Kinker, CPA, P.A. Lake Management, LLC. The Lacy Wealth Management Group/ Merrill Lynch
Stephen J. LaForte
Fifth Third Private Bank
Christine L. Lambertus, Esq. Lambertus & Lambertus, P.A.
Jody Leslie, Esq.
Leslie & McLaughlin, LLP
Vladimira Libansky, Esq. Robert L. King Law Office
Beth E. Linzner, Esq. Beth E. Linzner, P.A.
Jack R. Loving, Esq.
Loving Scully Law Group, PLLC
Kristen M. Lynch, Esq. Lubell & Rosen
AL OUNCIL
80%
of our Community Builders – philanthropists who create charitable Funds of $1 million or more – come from collaborations with professional advisors.
Anne B. MacLean, Esq.
Barbara A. Shore, Esq.
Mark R. Maller
Jeffrey Shover Ameriprise
“I’m proud to lead
Patricia Anne Martinez, MBA, LUTCF, CLTC
William A. Snyder, Esq.
this talented group of
MacLean & Ema, P.A. Wells Fargo Advisors
Coastal Wealth
Donald B. Medalie, Esq. Medalie & Medalie, P.A.
Greg Medalie, Esq.
Medalie & Medalie, P.A.
Kenneth R. Mikos, Esq. Kenneth R. Mikos, P.A.
Barry Mukamal, CPA, PFS, ABV, CIRA, CFE, CFF Kapila Mukamal CPAs
Cort A. Neimark, Esq.* Peter A. Portley, Esq. Portley and Sullivan
Raymond J. Powers
Powers & Disque, CPA, P.A.
David Ratcliffe* Carlos J. Reyes, Esq. Reyes Law Group, P.A.
Jennifer J. Robinson, Esq. The Northern Trust Company
Charles D. Rubin, Esq.
Barbara Ann Shore, P.A.
Snyder & Snyder, P.A.
professional advisors
Karen J. Spigler, CPA, Esq.
who recognize the value
Law Firm of Karen Spigler, LLC
William F. Sullivan, Esq.* Eric W. Sulzberger, Esq.
to help achieve their
Benjamin A. Tobias, CFP®, CPA/PFS, CIMA*
clients’ charitable goals.
John Torregrosa
UBS Financial Services, Inc.
shaping a brighter future
Emilie M. Tracy, Esq.
for our community.”
Philip Verde, CFP, CTFA Truist Wealth
Charles L. Verner
UBS Financial Services, Inc
Jo Ann Voight, CPA*
Jo Ann Head Voight, CPA, P.A.
Patricia R. Voss, Esq. Patricia R. Voss, P.A.
Misty Weinger, CPA/CFF, CVA
Gregory J. Schaeffer
Steven H. Woods, CPA
Fusion Analytics Investment Partners, LLC Kofsky Weinger, P.A.
Keefe, McCullough & Co., LLP
Barry S. Schinder, Esq.
Christine Yates, Esq.
Ilene S. Schnall J.D., LLM
Charles D. Zalakar, CTFA
David M. Scully, Jr., Esq.
Kurt D. Zimmerman, Esq.
Ilene S. Schnall, P.A.
Loving Scully Law Group, PLLC
Jeffrey S. Selzer, Esq. Selzer Law
Judy Bonevac, Chair of the Professional Advisors Council
Debra Vogel*
Gary L. Rudolf, Esq.*
Barry S. Schinder, P.A.
It’s exciting to be a part of
Emilie M. Tracy, P.A.
John M. Walsh, JD
Morgan Stanley
Community Foundation
Law Offices of Sulzberger & Sulzberger
Gutter Chaves Josepher Rubin Forman Fleisher Miller, P.A. Rudolf & Hoffman, P.A.
of partnering with the
Tripp Scott
The Northern Trust Company
Zimmerman & Associates, P.A. *retired ^ new member since July 2021
New Professional Advisors Council Chair Judy Bonevac (center) meets with (left to right) Jennifer O’Flannery Anderson, Kurt Zimmerman, Mark Kotler and Nancy Thies for a planning session about council events.
17
2021 BOARD O INNOVATIVE EXECUTIVES AND DEDICATED COMMUNITY LEADERS MAKE UP THE BOARD THAT DRIVES THE COMMUNITY FOUNDATION TO CREATE BOLD IMPACT. THIS DYNAMIC LEADERSHIP TEAM IS ENGAGED, HANDS ON AND EAGER TO HELP SHAPE A BRIGHTER FUTURE FOR BROWARD. experience includes work
PEGGY HOGAN MARKER,
and past chair of The Urban
James is
within the General Counsel
Secretary
League of Broward County
founder and
offices of both the CIGNA
Peggy is a
and a Broward Workshop
CEO of the
and Prudential Property
partner and
board member.
Castle Group.
and Casualty Insurance
president
JAMES DONNELLY, Chair
He is a CPA, entrepreneur
Companies. Juliet’s love
and philanthropist. He
of Broward County is seen
Construction Group. She
ALICE LUCIA JACKSON,
chaired the Community
through her involvement with
is also partner in a family-
At Large
Foundation’s BE BOLD
the Greater Fort Lauderdale
owned commercial and
Alice recently
Leadership Campaign
Chamber of Commerce,
residential development
completed
Committee, is immediate
Broward Workshop, Greater
company based in New
a 36-year
past chair of the Broward
Fort Lauderdale Alliance, and
York and was previously
Workshop and sits on the
the Museum of Discovery
Senior Vice President &
commercial real estate as
LeMieux Center for Public
and Science.
career in
Director of Development
senior vice president of
Policy board of advisors.
for an advertising agency.
Jones Lang LaSalle. Her
James is an NSU Huizenga
Peggy has a passion for
honors include the 2017
School of Business Hall
KURT D. ZIMMERMAN,
helping to improve our
Lifetime Achievement Award
of Fame member, a South
Treasurer
community highlighted by
by her business peers,
Florida Business Journal
Kurt has
her involvement with the
2017 Magnolia United Way
“Ultimate CEO,” the
practiced
Museum of Discovery and
Leadership Award, 2009
Sun Sentinel’s Excalibur
law for
Science, Humane Society
Office Broker of the Year and
approximately
Business Leader of the Year
18
of Marker
of Broward County, Heart
Power Broker from 2006-
for Broward, and recipient
30 years in the area of trusts
Gallery of Broward County,
2015. She is a Leadership
of the 2019 Terry Stiles
and estates. He is a past
PAWS, SPARK, Save the
Broward graduate, a
South Florida Leadership
Chair of the Community
Children, the Fire House
Tocqueville Society member
Award of the Greater Fort
Foundation of Broward
Museum and 4Kids.
and serves on the National
Lauderdale Chamber of
Professional Advisors
Commerce.
Council. He also serves on
Advisory Board for the Breast Cancer Research
the governing board of the
DORIA M. CAMARAZA,
Broward Performing Arts
At Large
Foundation.
JULIET MURPHY
Foundation. He formerly
Doria is senior
ROULHAC, Vice Chair
served on the governing
vice president/
Juliet is the
board of the YMCA of South
general
David, the
Regional
Florida, was a “big brother”
manager
president
Director of
in Big Brothers Big Sisters of
for the American Express
External
J. DAVID ARMSTRONG JR.
emeritus
Broward, and is a Leadership
Company. She has been
Affairs for Florida Power
Broward graduate. Kurt is a
named an “Ultimate
College, brings his strong
& Light Company. She is
graduate of the University
CEO” and one of the
education background and
an attorney with over 25
of Michigan where he was a
Most Influential Women
deep community knowledge
years of complex business
First-Team Academic All-Big
in Business by the South
to this Board that provides
litigation and appellate
Ten athlete. He received his
Florida Business Journal.
leadership and distributes
experience. Juliet’s prior
law degree from Vanderbilt.
Doria is a board member
grants to tackle Broward’s
of Broward
OF DIRECTORS biggest challenges.
JAMES B. DAVIS
EDWARD T. HASHEK
graduating Magna Cum
Armstrong is also co-
Jim is a
Ed has more
Laude with a Master’s
chair for the Greater Fort
shareholder
than 40
degree in Information
Lauderdale Alliance Six
at Gunster
years of IT
Technology and received
Pillars Economic Program
and Tax
experience
continuing executive
and on the Broward
Practice group leader. He
in the banking industry
education at London
Workshop Board of
focuses on estate planning,
leveraging technology. He
Business School.
Directors. He was Broward
employee benefits and entity
worked with FIS, the world’s
College president from
taxation. Jim is rated Band
largest provider of banking
June 2007 to June 2018.
1 in Chambers USA and
and payment technologies.
is a Preeminent AV Rated
Ed served as a Trustee for
David is the
attorney in Martindale.
the Milwaukee Art Museum,
Chairman of
He serves as an adjunct
board president of AIDS
the Board and
Jane serves
professor at the University of
Resource of Wisconsin
as Mayor
Miami Law School.
and board member of
Ocean Capital Partners,
the Milwaukee Repertory
and previously Chairman
Theatre. He is currently on
of WLD Enterprises. He is
the board of the Island City
a board member of United
Stage Theatre.
States Artists and a founder
JANE F. BOLIN
of Oakland Park. She is the founder and managing
ALBERTO FERNANDEZ
DAVID W. HORVITZ
CEO of South
partner of PeytonBolin, a
Al is president
real estate law firm, and
of ANF Group in
and former chair of the
Giannell Title, an attorney
Davie, a leading
board of Camp Boggy
operated title company. She
provider of
MARCELL HAYWOOD
Creek. David is also on the
currently serves as a charter
preconstruction, construction
Marcell is an
board of The Lewis Prize, a
officer and the chair of the
management, general
entrepreneur
grantmaking organization
Governance Committee
contracting and design-build
and business
in the arts focused on
for the Entrepreneurs’
services. As a founder of the
executive,
music education. He is the
Organization (EO). Jane
company, Al has been at the
CEO of Thesis Holdings
past Chair of the Board of
is heavily involved with
forefront of producing the
and Founder & CEO of
Governors of the NSU Art
nonprofits and community
quality of work that makes
Encompass Onsite Solutions.
Museum Ft. Lauderdale
groups and previously
ANF Group, Inc. a South
A graduate of Leadership
and was a Trustee of the
served as a board member
Florida building industry
Broward, Marcell volunteers
Kresge Foundation. David
for the Children’s Diagnostic
leader. He is a member of the
his time to mentor young
also served on the Boards
and Treatment Center, the
Construction Association of
entrepreneurs, was a
of Nova Southeastern
Girl Choir South Florida,
South Florida, Latin Builders
former board member of
University, the Miami Music
EO of South Florida, EO of
Association, Hispanic Unity
Entrepreneurs Organization
Association (Cleveland
Tampa Bay, Asian Pacific
of Florida and serves an
and the Sponsorship
Orchestra Miami), and
American Bar Association
alternate on the Board
Committee for the Dolphins
the Jewish Federation of
of South Florida, Khushi
of Rules and Appeals for
Cancer Challenge. He is
Broward County. He is a
Hona, Florida Rugby Union,
Broward County. Al also
a board member of Holy
graduate of Kenyon College
World Aids Museum, and
serves as a Board Member for
Cross Hospital and Broward
and has a J.D. from the
the Pride Center of South
the Joe DiMaggio Children’s
Workshop. Marcell studied
University of Florida.
Florida.
Hospital Foundation.
at Florida State University,
19
“Each of our Board Members bring unique talents and experiences that help fuel the Foundation’s mission to foster BOLD philanthropy.” James Donnelly, Community Foundation Board Chair
SUSANNE CORNFELD
Forum on Women’s Health,
and has edited several
Stoneman Douglas High
HUROWITZ
PAWS, Lauderdale Debutante
published books. She is
School in Parkland. Nancy
Susanne is
Presentation Committee,
currently a member of the
serves on The Alliance of
President of HB
Memorial Hospital’s Pink
United Way of Broward
Greater Fort Lauderdale
Capital Group,
Angels, and Fort Lauderdale
County Tocqueville Society,
Board of Directors, Broward
a privately-
Alumnae Panhellenic. She
Joe DiMaggio Children’s
Business Council on
held, real estate investment
has been an ambassador
Hospital Foundation/
Homelessness, Broward
and management company.
of the Foundation since
Memorial Hospital
Workshop and the Nova
She was formerly President
its inception, supporting
Foundation Board, and a
Southeastern University
of SCH Consulting,
operational efforts and
founding member of the
Ambassador’s Board. She
which advised nonprofit
special interest fundraising
Circle of Friends for the Alvin
is a cancer survivor and has
organizations on strategic
over the years.
Sherman Library Research,
worked extensively with
planning initiatives.
Information, and Technology
Susan G. Komen – New
She was Director of
Center at NSU. Dara is a past
England.
Development for Homes for
board member of Young
Anne formerly
At Art Children’s Museum,
and has remained on the
served as
I Care I Cure Childhood
board for the past 15 years.
the agency
Cancer Foundation, and the
Dev serves
Susanne is currently on the
coordinator
Goodman Jewish Family
as President
Services of Broward County.
of Merrimac
DEV MOTWANI
Boards of the Joe DiMaggio
of Cities in Schools and
Children’s Hospital
co-owned a meeting
Foundation/Memorial
and convention planning
Hospital Foundation, Nova
service. Anne served on
Southeastern University,
the boards of Stranahan
Nancy is
Residential. Prior to his
the Institute for Children
House, Broward Outreach,
President of
current roles Dev worked
and Poverty, and the
Greater Fort Lauderdale
the Miami
at Credit Suisse in New
Advisory Board of NSU
Film Festival, Junior League
Herald and
York City. He has worked
University School. Susanne
of Greater Fort Lauderdale,
el Nuevo Herald. She is
in the White House and on
holds a BA from Tufts
Jack & Jill Children’s Center
former Publisher and
the 2000 Gore/Lieberman
University and an MBA
and the University of Miami’s
General Manager of the
Presidential Campaign. Dev
from Columbia University.
Forum on Women’s Health.
Sun Sentinel Media Group
plays an active role in the
and the Orlando Sentinel.
South Florida community
Under Nancy’s leadership,
and is currently involved
Ventures and Founder and Managing NANCY A. MEYER
Partner of Chieftain
the Sun Sentinel won
with the Broward Center
Paige is an
Dara is a
the 2019 Pulitzer Prize
for the Performing Arts
engaged
communication
for Public Service for
Foundation, Broward College
community
specialist,
impactful coverage of the
Foundation, Orange Bowl
leader in
writer and
mass shooting at Marjory
Host Committee, Broward
PAIGE HYATT
20
ANNE K. JOYNER
the Homeless in New York
DARA LEVAN
Broward County. Her
editor who publishes the
Workshop and the Crockett
volunteer leadership roles
weekly blog and website,
Foundation.
include Friends of Jack & Jill
Every Soul Has A Story.
Children’s Center, Florida
She previously worked as a
House, University of Miami’s
speech-language pathologist
THOMAS R. OLIVERI
government foreclosures.
Tom is senior
She is a founding Board
market
Member of Our Fund, an
executive,
LGBT foundation in Fort
Broward
Lauderdale. Originally
County, of The Northern
from Oklahoma, Mona co-
Trust Company. He is
founded the Tulsa Girls Art
responsible for a team of
School, a nonprofit serving
professionals who serve
underprivileged girls. She
high net worth clients and
is a member of the Board
families with comprehensive
of Trustees for Phillips
wealth management
Theological Seminary in
services incorporating
Tulsa. Mona has served
investment management,
on the national boards of
trust and banking. Tom is
Lambda Legal, Victory Fund
active in civic and not-
and the national board of
for-profit organizations
Freedom for All Americans.
serving on the following Boards / Committees: Memorial Foundation
Community Foundation leaders gather to work on a new strategic plan to guide BOLD impact in the years ahead.
DAVID M. SCULLY
and Joe DiMaggio and
David is a
Children’s Hospital
partner in
Foundation (Chairman),
the Loving
Nova Southeastern
Scully Law
University Ambassadors
Group in Fort Lauderdale.
Board, Broward Center for
He specializes in estates,
the Performing Arts Board,
tax law and corporate law.
Broward Workshop Board
David is a member of the
and the South Broward
Community Foundation’s
Hospital District Finance
Professional Advisor
Committee.
Council. He has served on the Steering Committee of the Annual Joint Tax and
MONA PITTENGER
Estate Planning Seminar, the
Mona is
Board of Trustees at Saint
an LGBT
Mark’s Episcopal School and
activist and
helped lead the Islamorada
philanthropist,
Fishing and Conservation
based in Fort Lauderdale.
Trust. David was born in St.
In 2011, she retired as
Thomas, U.S. Virgin Islands,
owner of a real estate
and lived in Miami as a
company specializing in the
child before moving to Fort
management and sale of
Lauderdale.
21
PAST BOARD MEMBERS Suzanne Y. Allen
Katherine M. Eggleston
Robert B. Judd
Arlene Pecora
W. George Allen*
Richard L. Engberg
Thomas O. Katz
David E. Ratcliffe
Elliot B. Barnett*
Leonard L. Farber*
Patricia R. Kearns
Carlos J. Reyes
Richard A. Berkowitz
Bernardo B. Fernandez Jr.
Stewart R. Kester Sr.*
Mary Riedel
Francie Bishop Good
George E. Gadson
James B. LaBate, Jr.
Leonard Robbins*
Gary E. Bitner
Linda L. Gill
Christine L. Lambertus
Sally J. Robbins
James J. Blosser
Daniel E. Gordon
Michael G. Landry
Ramon A. Rodriguez
Nancy W. Blosser
Wilson B. Greaton Jr.
Raymond H. Leightman
Roy L. Rogers
Holly Bodenweber
Howard Greenberg
Armando Leighton, Jr.*
Jacquelyn Rogow
Cynthia Borders-Byrd
Barbara Grevior
Jarett S. Levan
Barbara Roti
Francis B. Brogan, Jr.
William Gundlach*
Susie Levan
John W. Ruffin Jr.*
Anthony Brunson
Steven J. Halmos
Alan J. Levy*
Maria T. Sanjuan
Gale M. Butler
Frank E. Helsom
Marsha O. Levy
Tony Segreto
Rita Case
Robert J. Henninger Jr.
Herschell Gordon Lewis*
William L. Shillington
Barbara R. Castell
Frederick L. Hicks
Jack R. Loving
Christopher L. Smith
Margarita T. Castellon
David W. Horvitz
Anne B. MacLean
William A. Snyder
D. Keith Cobb
William D. Horvitz*
Patricia L. Mahaney
Raymond C. Southern
Joan K. Crain
Walter E. Howard
Mark R. Maller
George E. Sullivan
Jan C. Crocker
Steven W. Hudson
Wendy Masi
William F. Sullivan
Jan R. Cummings
Marti Huizenga*
John C. McKeon
Kim Sweers
Ward J. Curtis Jr.*
Edwin A. Huston*
Cori Flam Meltzer
Paul Tanner
Shaun M. Davis
R. Stephen Hyatt
H. Kent Mergler
J. Kenneth Tate
John B. Deinhardt*
Joseph E. Jack*
Virginia I. Miller
Judith M. Thiel
Elizabeth C. Deinhardt*
Bacardi Jackson
Frederick V. Miller*
Norman D. Tripp*
Louise F. Dill
Nona L. Jones
Joseph R. Millsaps*
Leslie C. Tworoger
Patricia Du Mont
Janet C. Jordan
Albert J. Miniaci
Jose B. Valle
Karen Mitchell Curran
Elaine Vasquez
Chris Mobley
Douglas J. Von Allmen
Maj. Gen. James W. Monroe
John M. Walsh
Jan Moran
Steven H. Woods
Thomas P. O’Donnell*
*Deceased
A. Gordon Oliver* Stacy Ostrau Charles L. Palmer
Former Community Foundation of Broward Board Chairs Wil Greaton, Richard Berkowitz, Christy Lambertus, Rey Leightman, Carlos Reyes and Jim LaBate attend a luncheon in June to celebrate their service and offer insights about the Foundation’s goals and strategies.
OUR STAFF
OUR HIGHLY SKILLED TEAM PARTNERS WITH LOCAL PHILANTHROPISTS TO MAKE A BOLD IMPACT FOR THE COMMUNITY WE LOVE.
Jennifer O’Flannery Anderson, Ph.D. President/CEO joa@cfbroward.org 954-761-9503 ext. 101
Andria Baker Development Coordinator abaker@cfbroward.org 954-761-9503 ext. 121
Annette Bauer Senior Director of Finance and Operations abauer@cfbroward.org 954-761-9503 ext. 137
Carol Dorko Chief Financial Officer/ Chief Operating Officer cdorko@cfbroward.org 954-761-9503 ext. 107
Kirk Englehardt Vice President, Marketing and Communications kenglehardt@cfbroward.org 954-761-9503 ext. 105
Sheri Brown Grosvenor Vice President, Community Impact sbrowngrosvenor@ cfbroward.org 954-761-9503 ext. 103
Laytoya Jacquett Office Assistant ljacquett@cfbroward.org 954-761-9503 ext. 111
Amanda Kah Charitable Funds Services Director akah@cfbroward.org 954-761-9503 ext. 115
Mark Kotler Senior Director, Philanthropic Services mkotler@cfbroward.org 954-761-9503 ext. 130
Yvette Lawson Executive Assistant to CEO/Office Manager ylawson@cfbroward.org 954-761-9503 ext. 100
Jennifer Powers Director of Philanthropic Services jpowers@cfbroward.org 954-761-9503 ext. 113
Andrew Reid Director of Communications areid@cfbroward.org 954-761-9503 ext. 102
Angelica Rosas Director of Community Impact arosas@cfbroward.org 954-761-9503 ext. 114
Nancy Thies Vice President, Philanthropic Services nthies@cfbroward.org 954-761-9503 ext. 106
The Community Foundation staff, led by President/CEO Jennifer O’Flannery Anderson (center), tours Flamingo Gardens during a staff retreat.
2021 FINAN TOTAL ASSETS
$269,155,099
ANNUAL GRANTS
$269M
$13,918,954
$14M
INVESTMENT RETURNS
Community Foundation of Broward Target Benchmark
11.6% 10.7%
7.6%
7.8% 7.1%
7.2%
$100M $5M
$2M
$39M $361K
$5M
1991
2001
2011
2021
1991 2001 2011 2021
5 YEAR
7 YEAR
10 YEAR
FINANCIAL OVERVIEW
24
As the size and scope of the Foundation have grown, so has the sophistication of our financial systems and internal controls. Clear responsibilities, independent decision making and separation of duties are some of the key parts that make the Foundation an outstanding fiduciary.
T H E B OA R D O F D I R E C T O R S is a fiduciary and approves and monitors the operational and grant budgets of the Foundation through monthly financial reports. The Board has complete oversight of the management of investments.
T H E I N V E S T M E N T C O N S U LTA N T monitors each investment manager firm’s performance relative to their benchmark and peer universe. If returns are outside acceptable levels or structural change, such as manager turnover or if style drift occurs, a comprehensive review is triggered. Without confidence in a stronger future performance, the investment consultant suggests a replacement investment manager.
T H E F O U N DAT I O N S TA F F provides comprehensive, accurate and timely back-office support. All investment activity including income, expense, realized and unrealized gain activity is allocated on a Fund level basis. All investment statements are compared to reports prepared by the investment consultant, and monthly financial reports are provided to the Board of Directors.
THE INDEPENDENT INVESTMENT C O M M I T T E E comprised of highly experienced business and financial leaders from the community, undertake quarterly performance reviews to monitor the portfolio and report back to our Board of Directors.
T H E AU D I T C O M M I T T E E reviews the Foundation’s systems of internal controls regarding finance, accounting and legal compliance. Again this year, the auditors reported the Foundation has outstanding internal controls and financial practices.
NCIALS
As of June 30, 2021
ASSET ALLOCATION
Condensed Statement of
FINANCIAL POSITION
As of June 30, 2021
June 30, 2021
Growth Assets
7.6%
Risk Reduction Assets
ASSETS
Non US Emerging Market Equities
Inflation Protected Assets
9.4%
Domestic Small Cap Equities
15.5%
Select Strategies
24.0%
Domestic Large/Mid Cap Equities
Cash $288,712
Investments
260,175,610
Bequests receivable
2,000,000
Promises to give, net
4,472,314
Assets under split-interest agreements
1,232,127
Prepaid expenses and other assets
357,879
Other real estate
500,000
Property and equipment, net
128,455
TOTAL ASSETS
$269,155,097
LIABILITIES
Accounts payable and accrued expenses
$165,783
Grants payable
2,279,017
Refundable advances and liabilities under
split-interest agreements
587,707
Agency transaction payable
21,328,946
Total Liabilities
$24,361,453
Total Net Assets
$244,793,644
TOTAL LIABILITIES AND NET ASSETS
$269,155,097
Condensed Statement of
ACTIVITIES AND CHANGES IN NET ASSETS 12 Months Ended June 30, 2021
3%
Private Equities
11%
Fixed Income
4.3% Cash
1.8%
Hedge Funds
2.8%
Hard Assets /Real Estate
20.6%
Non US Developed Equities
REVENUE AND SUPPORT
Contributions and bequests
Net investment returns
Other revenue
371,740
Total Revenue and Support
$72,676,482
$13,414,319 58,890,423
EXPENSES
Community impact grants
Management and general administrative
$15,248,207
Fundraising - Building Philanthropy for Broward
830,465
Total Expenses
$16,998,855
Change in net assets
$55,677,627
920,183
NET ASSETS
Net assets beginning of year
$189,116,017
Net assets end of year
$244,793,644
A complete set of financial statements with accompanying footnotes and unmodified auditor’s report issued by Keefe, McCullough & Co., LLP, as well as IRS Form 990, are available for review at the Community Foundation of Broward office and on our website at cfbroward.link/Financials
25
WHAT SETS US APART The Community Foundation of Broward provides community leadership, fosters bold philanthropy and builds permanent resources to tackle Broward’s big challenges – today and forever. • Unmatched local knowledge • Tailor-made giving strategies • Philanthropic expertise • 30+ year track record of success • Outstanding fiduciary oversight • Endowment ensures your BOLD impact continues forever
910 East Las Olas Boulevard | Suite 200 | Fort Lauderdale, Florida 33301 t 954.761.9503 | f 954.761.7102 | cfbroward.org | info@cfbroward.org We were the first community foundation in Florida and remain among an elite group of community foundations nationwide to be confirmed in compliance with the National Standards for U.S. Community Foundations.
Publication Date: October 2021