Building Hometown Legacies

our Be 1 in 100 campaign

2014-15 AnnuAl RepoRt

2014 was another year of tremendous growth for the Pasadena Community Foundation. 2015 is proving to be the same. We are pleased to share some key highlights:

2015 Board of directorsDavid M. Davis, ChairJudy Gain, Vice ChairAnn Dobson Barrett Dave Beringer Rita Diaz Priscilla GambPeter McAniff Margaret MgrublianWendy Munger Eddie NewmanChris OrndorffFran N. Scoble Les StockerPhilip V. SwanMichelle Tyson, M.D.

2015 Past Board advisory councilRobert E. CarlsonR-Lene Mijares de LangRaymond Ealy James D. GambBetty Chin Ho James KingLois MatthewsG. Arnold Mulder Peggy PhelpsGloria PitzerDiane Scott Joel Sheldon David Werbelow

Professional advisors committeeBill HranchakAlison J. GambleKathleen GilmoreElaine GregoryKelley Bannon LashleyGloria PitzerDan RothenbergKarl SwaidanGlenn Wallmark

Pcf staffJennifer Fleming DeVoll ExECuTiVE DiRECTOR

Mariver Copeland DiRECTOR OF FiNANCE

Judy Wilson DiRECTOR OF DEVELOPMENT

Mike deHilster MARKETiNG & DEVELOPMENT MANAGER

Shawna Yetka DONOR/GRANTS COORDiNATOR

301 East Colorado Blvd. Suite 810 Pasadena, CA 91101 (626) 796-2097 pasadenacf.org

from dave davis Board chair 2014-2015

And finally, PCF is excited to launch our Be 1 In 100 Campaign. Over the years, our Endowment Builders have created 75 named funds. These generous individuals and families have enabled PCF to award over $500,000 in each of the last two years to 65 diverse nonprofits in the greater Pasadena area.

If we can increase the number of our Endowment Builders to 100, this will dramatically support our goal to reach $1 million in annual grants to qualified local charitable organizations.

$50 million $5 million in grants

$4.6 million

8 new members

PCF reaches

in assets – a growth of 72% over the past

five years.

Since 1996, Friends & Fellows have contributed

more than

to the Foundation —directly supporting

PCF’s local grant making programs.

— 2014 —

— 2015 —

— 2014 —

— 2014 —

— 2014 —

PCF awarded over

to nonprofits in the Pasadena community and across the country

We worked with donors to establish

and as of June 2015, we have established 6 more. This brings the

total number of charitable funds under PCF’s stewardship to 300.

PCF’s Legacy Society added

to the roster of those who have made a provision in their estate plan for a future gift to the Foundation; an additional

3 donors have let us know of their intentions regarding a planned gift as of June 2015.

21 new charitable funds

Will you be 1 in 100?2

The Fefferman Award Committee is pleased to announce that the Dr. Robert Fefferman Award for Excellence in Math and Science Education will become an annual award to benefit Pasadena Unified School District (PUSD) math and science teachers and students. The Pasadena Community Foundation will continue to manage this charitable program.

During this pilot year, PCF worked with the anonymous donor to create a sustainable and impactful award program. This spring, the $50,000 award was allocated as follows:

Mr. Lewis Watson, a mathematics teacher at Marshall Fundamental High School, received a $25,000 check for unrestricted personal use. Two graduating seniors from Marshall, Krikor Ailanjian and Caolan John, will each receive a $5,000 college scholarship for outstanding academic performance in math or science. Marshall itself received $15,000 for the purchase of sophisticated calculators for students in high-level math classes; a document camera; Pasco Sparklink interfaces; and motion detectors. This equipment will allow students in science classes to measure data

which they can then use their math skills to analyze. Math teachers like this because it builds on cross-curricular collaboration.

Robert Fefferman is the Max Mason Distinguished Service Professor of Mathematics at the University of Chicago. His work includes research mathematics, teaching, and service to his University and to the community at large including the Chicago Public Schools. He is an inspiration to many, including the donor who named the fund in his honor.

For more information, please visit FeffermanAward.org

mark anderson, principal, and lewis Watson, math teacher, at marshall fundamental High school

in memoriammichael d. schneickert, Pcf Board member 2011-2015

Will you be 1 in 100?

$50,000 FeFFerman aWard beneFits math and science teachers and students.

sPotliGHt on cHaritaBle funds

Michael Schneickert joined the PCF Board in 2011, serving with great enthusiasm and passion. Committed to the work of the Foundation, Michael believed strongly in the power of endowments to make a long-term impact. As chair of the Finance Committee, he was an advocate

for prudent stewardship of the many endowments PCF holds to ensure the funds continue to grow each year. In 2007, Michael and his wife, Karen Otamura established The Schneickert-Otamura Endowment. Since that time, the couple made contributions to grow the fund

that generates annual distributions to support PCF’s discretionary grants. Michael tragically passed away on July 1st of this year. He is deeply missed by his family, friends and everyone he worked with at the Pasadena Community Foundation. Michael’s wife Karen has asked that memorial donations be made to their fund that remains a legacy of his love for Pasadena. Donations can be made directly by going to pasadenacf.org

schneicKert-otamura endoWment

3

When Denzel turned 6, he moved in with his grandparents, as his mom had been struggling. They enrolled Denzel at the Boys & Girls Club in Pasadena so he could play with other kids. The timing turned out to be perfect.

In 2002, the same year Denzel joined, the Boys & Girls Club made the decision to shift focus and introduce kids to computer technology so they could learn skills crucial to success in school and in life. Lacking the funds to create a Technology Center, the Club reached out to the Pasadena Community Foundation which responded with a $50,000 grant.

Denzel is a bright kid, and when he discovered the new Technology Center, he found something at which he could truly excel. “We did not have computer or internet access at home, so the only place I could learn about technology was at the Club.” Spending hours each week, learning how computers could help with schoolwork, he became a top student. Denzel is now a sophomore at Cal State Monterey, majoring in Business and Graphic Design, and he’s doing great. “Looking back, I realize the Boys & Girls Club gave me the confidence and skills I needed to succeed at school,” says Denzel gratefully. And he still stops by the Club when he is home for the summer to talk with staff and the kids who currently enjoy the benefits of the Center.

The Pasadena Community Foundation has been a long-time supporter of the Boys & Girls Clubs of Pasadena, awarding over $500,000 in grants since 1954. PCF has helped provide the Clubs with dozens of improvements, including playground equipment, roof repairs and a new gymnasium floor. In 2014, the Club was awarded a $25,000 grant to remodel the kids’ bathrooms.

The Boys & Girls Clubs of Pasadena do an extraordinary job helping kids in the area, and as a result, there are hundreds of success stories like Denzel’s. The Club is a great example of the kind of local organization that makes Pasadena a stronger community, with the help of the Pasadena Community Foundation.

at age 6, denzel joined the Boys & Girls club where he was first exposed to computers at the tech center funded in part by Pcf

boys & Girls clubs oF

Pasadena

4

Grants in action

“We did not have computer or internet access at home, so the only place I could learn about technology was at the Club.”

the well-used technology center at the Boys & Girls club

During 2014 and 2015, the Pasadena Community Foundation awarded a total of over $1 million in discretionary grants to over 65 Pasadena area nonprofits. Funding for these grants is generated directly by the 75 Endowment Builder Funds established by donors to support the wonderful work done by these local organizations.

Arts & Culture (2015)

A Noise Within $20,000

Foothill Creative Arts Group $9,4805

Levitt Pavilion - Pasadena $24,950

Los Angeles Children’s Chorus (LACC) $5,900

Pasadena Community Orchestra $4,363

Pasadena Conservatory of Music $14,809

Pasadena Heritage $8,122

Pasadena Symphony Association $7,000

eDuCAtIon (2015)

College Access Plan $10,000

Frostig Center $15,000

Learning Works Charter School $25,000

Partnership for Success! $20,000

Pasadena Delta Foundation $1,200

Pasadena Education Network $2,884

Pasadena Educational Foundation $26,000

Reading Partners $10,000

HeAltH (2015)

AAF Rose Bowl Aquatics Center $25,000

Casa de las Amigas $25,000

Convalescent Aid Society $25,000

Grandview Foundation $5,000

Huntington Memorial Hospital $1,500

Impact Drug & Alcohol Treatment Center $25,000

Walter Hoving Home $11,445

Young & Healthy $24,596

HumAn servICes (2015)

Club 21 Learning and Resource Center $7,977

Door of Hope $25,000

ECPAC / Friends In Deed $3,700

Professional Child Development Associates $25,000

San Gabriel Valley Habitat for Humanity $25,000

Union Station Homeless Services $25,000

Villa Esperanza $25,000

senIor (2015)

Huntington Memorial Hospital - Senior Care Network $21,875

Pasadena Meals on Wheels $10,000

Pasadena Senior Center $10,000

Pasadena Village $5,000

Arts & Culture (2014)

Armory Center for the Arts $26,000

SAPPA $1,250

Pasadena Museum of California Art $15,000

Pasadena Public Library $1,000

Side Street Projects $15,000

Altadena Christian Children’s Center $10,000

eDuCAtIon (2014)

College Access Plan $10,000

La Salle High School $25,000

Partnership for Success! $20,000

Pasadena Altadena Community Endowment Fund $181

Pasadena Educational Foundation (Blair High School) $14,994

Pasadena Educational Foundation (Summer School) $26,000

envIronment (2014)

Arroyos & Foothills Conservancy $25,000

Pasadena Beautiful Foundation $20,000

HeAltH (2014)

Hear Center $6,884

Huntington Medical Foundation $24,837

Huntington Medical Research Institute (HMRI) $1,167

Planned Parenthood of Pasadena & SGV $25,000

Rose City Counseling Center $4,780

HumAn servICes (2014)

AbilityFirst $20,000

Five Acres $25,000

Foothill Unity Center $25,000

FVO Solutions, Inc. $14,000

Hathaway-Sycamores Child and Family Services $25,000

Hillsides $25,000

Mothers’ Club Family Learning Center $11,950

National Day Laborer Organizing Network $7,250

Union Station Homeless Services $1,000

URDC Human Services Corporation $11,914

Villa Esperanza Services $10,000

YoutH (2014)

Boys & Girls Clubs of Pasadena $25,000

Ideal Youth Inc. $4,500

Kidspace Children’s Museum $13,370

Misc. Other Grants $24,207

5

2014 & 2015 Grantees

2015 total = $530,802 + 2014 total = $514,284 = Grant total oF $1,045,086

arts & cultureAnn Dobson Barrett & Olin Barrett Endowment

for Arts & CultureDavid & Holly Davis Arts & Culture Endowment Jim & Joan Caillouette Endowment for ArtsMargaret Leong Checca EndowmentLive Orchestral Music Endowment

educationLuke & Allyson Copeland Endowment

for EducationRay & Eddie Newman Endowment for Education Stephen & Judith McDonald Endowment

for Education Jud & Marilyn Roberts Endowment for Education

environmentBill & Claire Bogaard Endowment Matthew & Jennifer DeVoll Endowment

healthJohn & Lucille Crumb Endowment

for Medical ResearchJim & Priscilla Gamb Endowment for Healthcare

Phillip & Lois Matthews Endowment for Health

human servicesNancy Nash Beckham Endowment for HungerCornelia L. Eaton Endowment for

Assistance to the Elderly Ella C. Price Endowment for Disabled Children Bill & Betsy Rawn Endowment for

Seniors in NeedTruman’s Touch Endowment

youthRebecca R. Anthony Endowment for

Needy & Underprivileged Youth Loretta Glickman Endowment for

African American Youth Ralph & Margaret Norrington Endowment

for Youth Mitzvah Endowment

The Be 1 in 100

Campaign

building hometown legacies...to support your passion.Restricted named endowments support grant making

programs of PcF in six fields of interest.

PcF’s goal is to increase our family of endowment builders to 100, and we invite you to be 1 of them. For as little $10,000 you can get started today on your fund, your passion, your legacy.

Jim & Priscilla Gamb endoWment For healthcare

6

Jim and Priscilla Gamb have built a rich life together. They share several passions including family, education, healthcare and Pasadena.

Priscilla grew up here and attended Pasadena public schools. Recently retired as Director of Volunteers at Huntington Hospital, she has vast volunteer and Board experience and was elected to PCF’s Board in 2015.

Jim remembers, “I fell in love with Pasadena 50 years ago while driving up Orange Grove to Priscilla’s home above the Rose Bowl.” Jim spent his career in the investment business and used his significant financial expertise in service to various education and healthcare organizations. He also served on the PCF Board for ten years.

“We chose to dedicate our endowment to healthcare as a way to support the work of the foundation in this vital area, and to say thank you for the benefits to our family over the years.”

bob & arlene harder endoWment Fund

building hometown legacies...for the place you call home.Unrestricted named endowments support the grant making programs of PcF.

AnonymousMargaret L. Amos EndowmentDorothy Avakian EndowmentGuil & Gwen Babcock Endowment Joseph W. Barta EndowmentRena J. Bruce EndowmentBob & Maureen Carlson Endowment Carl W. & Lynn Cooper Endowment O.K. Earl EndowmentEleven Twenty Seven Endowment (Trustee, Temo Arjani) Fred & Jean Felberg Endowment Judith Gain Endowment James Gamble EndowmentDonald & Taylor Hall Endowment Bob & Arlene Harder EndowmentBetty Jean Ho Endowment Jean Hubbard EndowmentGeorge & Maggie Jagels Family Endowment Bernard & Mary Johnson Endowment John & Jennith Knox Family EndowmentVirginia Krueger EndowmentElizabeth Lent EndowmentHelen B. Lockett EndowmentAl & Rose Marie Lowe Endowment Ruth Stewart Martin EndowmentKatherine Mason Endowment David & Margaret Mgrublian EndowmentLauren G. Millis EndowmentG. Arnold & Gretl Mulder Endowment Wendy Munger & Leonard Gumport Endowment Dottie & Byron Nelson Endowment Maria Antonia Niven Endowment Peggy Phelps EndowmentDorothy J. Philips EndowmentSterling Pile EndowmentWilliam J. Prisk EndowmentWilliam T. Reynolds Endowment

Dottie Nelson spent a significant portion of her working career making a difference in the lives of people in the local community. That time included 12 years as CEO at Villa Esperanza, a nonprofit organization devoted to the care and education of disabled children and adults.

Dottie and her husband, Byron, wanted to find a way to give back to Pasadena when they retired. Dottie’s previous

experience made her aware of the wonderful work being done by the Pasadena Community Foundation.

Dottie says, “It feels very good to know the endowment fund we established will go to help people in need in the community. I have confidence the PCF team will make sure our money gets to those organizations that need it most.”

dottie & byron nelson

endoWment

Lucille L. Roseman EndowmentSchneickert - Otamura Endowment Nan & Howard Schow EndowmentFran Scoble Family Endowment H. Diane Scott Endowment John & Linda Seiter Endowment Joel & Jill Sheldon EndowmentDorothy I. Stewart Endowment

Philip A. Swan EndowmentPhilip V. & Sara Lee Swan EndowmentJohn & Shirley Thomas EndowmentSid & Betsey Tyler EndowmentTyson/Hagopian Family Endowment Louis & Marion Webb EndowmentHelen L. Wilfong EndowmentRandolph & Judith Wilson Endowment

7

“Giving is something we always did,” says Arlene Harder. “My husband Bob and I felt incredibly grateful and blessed for all that we have, and it was important we give a portion of our income to people less fortunate.”

For years, Bob and Arlene provided funding to several large national organizations. However, they were concerned their donations were not making a meaningful impact in the lives of people who most needed help.

Arlene spoke with her attorney, Karl Swaidan at Hahn and Hahn, who suggested that PCF could help maximize her philanthropic goals. Arlene did some investigating and discovered that PCF had been a strong supporter of a number of vibrant nonprofits in Pasadena since 1953.

In 2014, after Bob’s passing, Arlene set up the Bob & Arlene Harder Endowment to support local nonprofits and make a lasting, genuine impact on the community.Karl Swaidan

esteemed FelloWs ($10,000+)Anonymous (2)Guilford & Gwen BabcockDhiya & Melinda El-SadenFornaciari FamilyJudy GainDonald & Taylor HallArlene HarderBernard & Mary JohnsonMarvel KirbyElizabeth P. LentDavid & Margaret MgrublianRoger & Gloria MullendoreWendy Munger & Leonard GumportJud RobertsMichael Schneickert & Karen OtamuraNan SchowBetsey TylerMichelle Tyson, M.D.Randolph & Judith Wilson

distinGuished FelloWs ($5,000)

Bill & Claire BogaardEast West BankRichard N. FrankDebbie Heitz & Shaw WagenerJudith HougMargaret JagelsMountain View FoundationNorthern TrustChris OrndorffDaniel Tyler

sPonsorinG FelloWs ($2,500)

Clifford Swan Investment CounselDavid & Holly DavisEleven Twenty Seven FoundationElliot & Ryan, Inc.Stephanie C. FoxJames & Priscilla GambGamble Jones Investment CounselGonzalez Goodale ArchitectsHahn & Hahn LLPHarrington GroupBarbara HaydenIDS Real Estate GroupLucas Horsfall LLPPeter & Jerilyn McAniffMijares Mexican Restaurants, Inc.Arnie & Gretl MulderDonald & Gloria PitzerDrs. Janene & Tom Scovel FoundationJohn & Linda SeiterPhilip V. Swan

suPPortinG FelloWs ($1,000)

All Saints ChurchGregory S. & Nancy McAniff AnnickHancock & Julia BanningAnn Dobson Barrett & Olin BarrettBob & Lois BoardmanJohn & Louise BrinsleyElizabeth Brown CalletonBob & Maureen CarlsonDaniel & Grace ChangDonald & Sally ClarkRamon CortinesR-lene Mijares de Lang & Gordon de LangMatthew & Jennifer DeVollJohn & Rita DiazLouise DoughertyJo DrummondDon & Julie FeddeClarence & Anne FlemingJean FlemingLaura & Louis Fleming Jr.Robert & Katherine Gillespie

Friends & Fellows make annual gifts to the Pasadena Community Foundation to provide unrestricted support to PCF’s local grant making programs.

Donors who contribute to endowment funds that support our discretionary grants are also recognized as Friends & Fellows.

Gifts received 1/1/2014 - 6/30/2015

2014–15 Friends & FelloWs

8

Jo drummond (left) and Gloria Pitzer, long-time supporters of Pcf

supporting fellows Judy & Bill opel

Gary Hackney & Natalie PoolePatti B. HealyCandis & Roger IpswitchJudith G. KellyAlbert & Rose Marie LoweSteven MadisonJacqueline MartinAllen & Lewise MathiesElizabeth MedearisD. Harry MontgomeryCharles G. MorseMary Lois NevinsMichael Newkirk & Olivia GarfieldRay & Eddie Newman

A. William & Judy OpelRawn Family TrustJohn & Charlotte ReithJanet J. RoseFran ScobleEmmons & Janet SebeniusJoel & Jil SheldonDennis & Alison SlatteryLeslie E. & Pamela A. StockerLaurie & David TurnerCharlotte Van FleetRobert & Carolyn VolkWells Fargo BankJohn & Judy WhitingHenry & Cynthia Yost Family FoundationWilliam & Eileen Zimmerman

FelloWs ($500)

Julia BaileyErin & Jeremy BakerRobert & Joan BanningTom Baxter & Jennifer KuoAndrea BealBarbara BeckhamMartyn BelmontStephanie BennettChristine BenterDavid Beringer

Judith B. BrandtBarbara CampbellBrett & Michelle CannonChandler SchoolCatherine “Tink” Cheney & Barry JonesRonald & Marilyn ConzonireRichard & Mariver CopelandMary CoquillardRita CoulterDavid G. CovellKarl & Carmela DietzelRaymond & Charmayne EalyRichard & Nancy EsbenshadeJeffrey Scott Fastnow & Sandra Steele

FastnowSydney & Ray FeeneyHaley J. & Anita FromholzGGE FoundationMichael O. & LeAnne HealyKatherine HealyHal & Marguerite HennacyDorothy HoffmanSally & John HowellSamuel LoshCraig & Diane MartinPhillip & Lois MatthewsPaul & Linda MaurinStephen & Judy McDonaldMark & Laurie McKinleyCarson & Kaholyn McKissickPaul & Susan MillerBob & Kris MorrishMark & Louisa NelsonStephen & Kay OnderdonkTony & Mabel PainePeter & Catherine PalermoTony Pang & Dr. Ying GohMichael & Priscilla PawlickiBenjamin & Sylvia PazMichael Peevey & Carol LiuRobert PindrohGlenn & Carol PomerantzGeorge & Mary RegasDavid & Kristin RitterbushCynthia RosedaleDonald RoudenbushDavid & Cheryl ScheidemantleWilliam D. & Marilyn M. SchulteRosemary SimmonsMarjorie StollJohn D. TaylorWilliam & Carol ThomsonJolly UrnerGregory & Glenda VanniChuck WatermanDave Werbelow & Jeannie FlintPaul & Jean Whitin

Friends ($1-$499)Carrie AdrianDaniel & Nicole AdrienAbraham & Mary AghoianGrace AndersonWaren J. ArnettMike & Carole BabcockNona BaerBryan BeckhamJohn C. Bell & Martha BellGary & Elizabeth BirkenbeuelCorneila BloomerJames & Joan BoltonClayton R. & Margaret BraatzHannah G. BradleyBucks County Community College FoundationCraig & Susan BurgerJames & Joan CaillouetteJohn K. CameronCapitol Cadillac CompanyDante CaravaggioWayne & Judy CarterRobert & Joan CathcartMartin & Nancy ChalifourMrs. Charles ChernissDee CodyDonald & Natalie CohenNancy & Richard ColeMichael & Susan ConnellMartha Malnic CooleyCarl & Lynn CooperTony & Nadine DanzMr. & Mrs. Leo DencikDavid & Judy DenenholzMatthew G. DillhoeferJanet DoudCurran M. DwyerKate DwyerLaurence EggersMolly West EllsworthHenry EversoleDoris Tsongas FinchMargaret FordLisa H. FowlerSusan A. FrankLauren FrankelGeorge & Cleola GavalasJohn Hall & Nancy LanJohn & Anna HallstromMargo Halsted & Peter LeSourdRobert & Lisa Harrison

Dave & Caraly HiguchiMarguerite HougasianJames & Susan HousePaul & Missy JenningsDennis & Katharine JorgensenSheldon & Cindy KereseyPatricia KetchumLori MacPhersonMadison Heights Neighborhood AssociationDenise MimishianTed & Jane McAniffDon & Nancy McIntyreLouisa N. MillerJeannette MuirheadRick NeumannBarbara NifwanderCarol NumrichWilliam & Judy OstranderGordon PashgianMaiya Teague PenberthyWilliam & Harriet PlunkettJohn & Barbara PoerChris & Katie PooleJane QuinnBill & Christy RakowKaren & John ReynoldsAnn W. RiordanLeonard & Carmella RodriguezGordon & Joanne SasakiKent & Susan SchmidtNorman & Carol SchmidtFred & Eileen SchoellkopfSandra ShattoMargaret A. SmithLouise Spadia-BeckhamBetty SteenGeorge & Gretel StephensRobin Stever & Ricardo De BarrantesKenneth & Louise TangShahram & Kelly TousiDanzey TreanorBill & Linan UkropinaJohn B. UlmerJohn & Andrea Van de KampBetty Alice VaughanAndrew Jr. VolleroMark WatersonTimothy & JoAnne WendlerDavid & Roberta WilcoxMorley & Lou Anne Winters

9

Pcf board members at a site visit for the Habitat for Humanity desiderio building project in Pasadena

Future Funds of the Pasadena Community Foundation

leGacy society

PCF expresses our appreciation to the following group of individuals and families who have named Pasadena Community Foundation as a beneficiary in their estate plans.

Anonymous (9)Ann Dobson Barrett Barbara Beckham Bill & Claire Bogaard Robert Brehler & Orin Burgess John & Ginny Cushman

R-lene Mijares de Lang Robert J. FloeRichard & Mary Alice FrankJudy Gain Arlene HarderThomas & Marcella Harris Victor & Marion Jones John J. Kennedy Scott & Debi Kroman Cynthia Kurtz & James McDermott John & Margaret McAustin Don & Nancy McIntyre

Denise Mamishian Andrea Engler MorseburgRoger & Gloria Mullendore Rick NordinDonald & Gloria Pitzer John & Charlotte ReithGail Rolf Norman & Sossi Sarafian Michael Schneickert & Karen OtamuraSandra Shatto Margaret A. & Peggy Anne Smith Leslie & Pamela StockerThe Thorpe Family Betsey Tyler Jolly Urner Mary Weaver Randolph & Judith Wilson

One of the main goals of the Levitt Pavilion for the Performing Arts at Memorial Park in Pasadena is to make live music accessible to everyone, creating a stronger and better-connected local community.

With an annual program of an amazing 50 free concerts, the Levitt Pavilion is flourishing, and Memorial Park has become a vibrant hub of activity. However, the challenge had always been sound quality at the concerts, which was fair at best. In

2015, the Levitt Pavilion applied for funding from the Pasadena Community Foundation for the resources to improve concert experiences. PCF awarded the Levitt Pavilion a capital grant to purchase new speakers, which were recently installed.

According to Renee Bodie, Executive Director, Levitt Pavilion – Los Angeles & Pasadena, “With our new speaker system, the sound at Levitt Pavilion Pasadena has never been better, and our audience appreciates the difference. Thank you so much to the Pasadena Community Foundation for helping us create a beautiful experience under the stars for the enjoyment of the community.”

Beyond a diverse concert schedule, its popular intern program provides inspiration and motivation for high school students who dream of a career in music, as well as teaching them practical skills necessary to work in the industry — from marketing, to event production, to audio gear maintenance.

10

Grants in action

“With the new speaker system, the sound at Levitt Pavilion Pasadena has never been better...”

levitt Pavilion,

Pasadena

2013–14 financial summary

This is a financial summary for the year ended December 31. PCF financial statements are audited annually. Copies of PCF financial statements and tax return forms 990 and 990T (if one is filed) are available upon request.

statement of financial Position five year GroWtH cHart

statement of activity

11

$

$10M

2010 2011 2012 2013 2014

$20M

$30M

$40M

$50M

$60M

$29.6$29.5

$36.9

$45.4

$50.7

$9.8

$19.8

$9.5

$19.5

$14.7

$22.2

$19.5

$25.9

$23.8

$26.9

Donor/Agency Discretionary

PCF Discretionary

assets 2014 2013

Cash and Cash Equivalents $637,482 $739,768

Investments $49,962,941 $44,543,263

Other Assets $99,481 $167,327

Total Assets $50,699,904 $45,450,358

liabilities

Accounts Payable $43,581 $169,879

Agency Funds $1,614,995 $1,384,259

Total Liabilities $1,658,576 $1,554,138

total net assets $49,041,328 $43,896,220

total liabilities and net assets $50,699,904 $45,450,358

2014 2013

net assets - beginning of year $43,896,220 $35,658,517

additions

Contributions and other support $8,919,083 $9,023,417

Gain on Investments $1,891,568 $5,055,944

total additions $10,810,651 $14,079,361

expenses

Program

Donor-Advised Grants $4,327,851 $4,592,655

Discretionary Grants $514,284 $414,863

Field of Interest Grants $92,433 $90,734

Operating $349,986 $309,417

total Program $5,284,554 $5,407,669

Administrative and General $190,323 $122,856

Development $190,666 $311,133

total expenses $5,665,543 $5,841,658

change in net assets - increase/(decrease) $5,145,108 $8,237,703

net assets at the end of the year $49,041,328 $43,896,220

10.5%increase of net assets

at year end

Figures are shown in millions and have been rounded up to the nearest 100 thousand number.

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