Financial Summary
As of December 31, 2004, the assets of the Philip L. Graham Fund were valued at more than $65 million. During that fiscal year, the Fund awarded more than $5 million to non-profit organizations serving primarily the metropolitan area of Washington, DC.
Grants Paid in 2004
| Arts and Humanities | $1,278,000 |
(24.3%) |
| Community Endeavors | 423,000 |
(8.1%) |
| Education | 1,256,000 |
(23.9%) |
| Health and Human Services | 2,155,000 |
(41.0%) |
| Journalism and Communication | 140,000 |
( 2.7%) |
| Total | $5,252,000 |
(100.0%) |
For an itemized list of organizations and projects that were funded in 2004, please see Grants Awarded.
Giving in 2004 was flat, growing by only $2,000 over the Fund’s 2003 level of $5,250,000 but setting another annual contribution record nonetheless. The largest increase in giving was in the Arts and Humanities (+$293,000), where the Fund made significant multi-year commitments to the capital campaigns of Arena Stage and The Shakespeare Theatre, as well as major one-time capital gifts to Signature, GALA Hispanic, and Atlas theatres. The Fund also made a substantial increase in grants supporting infrastructure investments in public education (+$211,000), reflecting at least in part a decision to support DC public charter schools for the first time. In 2004, the Fund awarded capital grants to three DC public charter schools (Capital City, Friendship Edison, and Thurgood Marshall) that have demonstrated success in achieving sustained student academic growth, strong leadership, and prudent financial management.
These increases were partially offset by a reduction in the number of grants for journalism, community endeavors, and health and human services programs. The Fund continued its multi-year collaborations with the DC College Access Program that works to increase the number of DC public high school students entering and graduating from college, as well as with Venture Philanthropy Partners to enhance the capacity of outstanding local organizations serving the core developmental, learning, and educational needs of metro area children from low-income families. A total of 185 grants were paid in 2004 and allocated by category as follows: 122 grants for health and human services programs, 26 for educational purposes, 21 for arts and humanities programs, 9 community endeavors, and 7 for journalism and communications projects.
Included in the 122 grants for health and human services programs were 56 year-end grants totaling $300,000 made to organizations that provide emergency assistance to people in need. Also included were six grants totaling $50,000 that enabled nonprofit organizations to expand summer employment opportunities for teenagers in the city.