The Year in Review
||Over the past 30 years, the Weingart Foundation has made over $600 million in grants to nonprofit agencies and institutions meeting the varied and critical needs of Southern California. The Foundation maintains broad funding guidelines that focus not only on projects that benefit the general community, but also provide specific assistance to people with special needs.
On behalf of our Board of Directors and staff, I am pleased to provide this report on the activities of the Weingart Foundation for the fiscal year ending June 30, 2005. The Foundation approved 452 grants that totaled approximately $33 million. A list of Foundation grants can be found in Grant Awards. And while this list only describes grants made of more than $25,000, it is important to note that the Foundation continues to make many smaller grants that generally support the programs of small nonprofit organizations. These community-based organizations are often located in the poorest areas of our community, and they provide critical services that deserve the support of the philanthropic community.
In addition to responding to requests for funding that meet our grant guidelines, the Foundation continues to support special focus grant programs developed at the initiative of our Board of Directors. The Foundation has made a multi- million-dollar commitment to expanding health and mental health services to homeless adults and children in the Skid Row Area of Los Angeles. The Skid Row Homeless Healthcare Initiative involves over 19 health and human services agencies, and is coordinated by the Community Clinic Association of Los Angeles County. The Foundation also continues to support a Gang Prevention project that provides nine well-respected community organizations with multi-year support for gang prevention and intervention programs of demonstrated effectiveness. Recognizing the importance of mobilizing people to address tough problems, the Foundation also brings these agencies together on an ongoing basis to discuss challenges and share best practices.
I also want to take this opportunity to announce the recent addition of two new board members. John W. Mack, recently retired President of Los Angeles Urban League, joined our Board at the beginning of August 2005. Monica Lozano, the Publisher and Chief Executive Officer of La Opinion, joined the Board in early October 2005. John and Monica have been and continue to be very active in various charitable and civic activities. Their rich understanding of Southern California's past and present will be invaluable in carrying out the mission of Weingart Foundation.
Assets of the Foundation at June 30, 2005 were at $795,801,391, up from $749,022,864 the year before, after payment of almost $33 million in grants. Financial highlights of the Weingart Foundation for the fiscal year can be found in Financial Highlights.
Finally, I want to thank the members of our Board of Directors and staff for their commitment and hard work. On behalf of the entire Weingart Foundation, I also want to commend the excellent work of our grantees, whose collective efforts result in a better Southern California.
William D. Schulte