Letter to the Community

Yanique Redwood, PhD, MPH
President and CEO
Jacquelyn L. Lendsey
Chair, Board of Trustees

The Consumer Health Foundation implemented the second year of its strategic plan in 2015. As part of that plan, we shared our intention to reduce our overall spending. We made this decision in order to balance our intentionally high spend rate during the years following the 2008 recession (2009-2013), an uncertain and financially challenging times for our grantee partners. Now we are in a new time marked by social upheaval, and while we will continue to carefully steward the foundation’s resources, we will also take advantage of every opportunity to deepen our work on racial equity.

Since the 2013 acquittal of George Zimmerman in the killing of Trayvon Martin, there have been a number of police killings that have been covered by the media as well as concurrent protests in places like New York, Baltimore and Ferguson. In the wake of these killings, the #BlackLivesMatter movement was born and has been instrumental in influencing the national discourse about racism in America, including attention to racism by major presidential candidates, both liberal and conservative.

In our own backyard in Baltimore, Maryland the 2015 death of Freddie Gray sparked protests and led to new efforts to address racism and the long-standing poverty faced by the city’s African-American population. The protests were also the fuel that led the Washington Regional Association of Grantmakers (WRAG) to develop a learning series for foundation CEOs and Trustees entitled Putting Racism on the Table. The six-session series occurred during the first half of 2016 and featured dynamic talks on structural racism, white privilege, implicit bias, mass incarceration, racism beyond “black and white” and philanthropy’s role in addressing racism. The philanthropic community is now poised to identify institutional practices and programs, including grantmaking, that can contribute to the elimination of racialized outcomes.

As many of you know, CHF has been committed to advancing racial equity since we were established in 1994. We have been using our annual meeting over the last decade to raise awareness of the impact of structural racism on health and social outcomes. Last year, Harvard University Professor Dr. David Williams spoke convincingly at both CHF’s annual meeting and the WRAG annual meeting about the “house that racism built” and the need to dismantle it by addressing segregation, bias and the ideology that whites are superior and people of color are inferior.

We believe that we are in an opportune moment to dismantle “the house that racism built.” The national dialogue about racism is well underway. The philanthropic community continues to get trained on grantmaking with a racial equity lens. In partnership with grantee partners Bread for the City, La Clinica del Pueblo, Safe Places for Advancement of Community and Equity, the DC Office of Human Rights, the DC Children, Youth and Investment Trust and Georgetown University, CHF co-hosted a roundtable with D.C.-based policymakers and agency leaders as well as foundations and nonprofit organizations in late 2015 about racial equity and the role of local governments. In addition, Fairfax County, Montgomery County and the District are all working in various ways on equity, and CHF has provided capacity building resources to train our grantee partners and other stakeholders on racial equity tools and strategies.

We have a shared responsibility to create a region in which everyone has an equal opportunity to live a healthy and dignified life. Differences in health and life expectancy between whites and people of color — which contribute to thousands of people being ill or dying in our region each year — can be avoided. Our communities can become places of opportunity through equitable public policies that enable people to get the health care they need, earn income, and generate wealth to support themselves, their families and their communities. We look forward to working across sectors in the coming months and years to achieve this vision.

Grantmaking Overview

Bread for the City

Bread for the City

$30,000

To advance its racial equity work and engage the DC community in addressing racism and racial disparities.

CASA of Maryland

CASA of Maryland

$50,000

To organize low-income, immigrant workers and their families, secure employment for low-income workers, and advocate for workers' rights.

City First Enterprises

City First Enterprises

$30,000

To support the Community Wealth Building Initiative in the Washington, DC metropolitan region.

Commonwealth Institute for Fiscal Analysis

Commonwealth Institute for Fiscal Analysis

$35,000

To provide general operating support.

DC Appleseed Center for Law & Justice

DC Appleseed Center for Law & Justice

$30,000

To advocate for and monitor the implementation of key reforms related to the CareFirst Blue Cross Blue Shield Reform Project.

DC Coalition on Long Term Care/IONA Senior Services

DC Coalition on Long Term Care/IONA Senior Services

$30,000

To advocate for higher wages, better benefits, and workforce development opportunities for home health aides.

Financial Statements

STATEMENTS OF FINANCIAL POSITION
as of December 31, 2015 and 2014

(unaudited)

2015

2014

Assets

Current Assets

Cash & cash equivalents

$1,372,657

$1,944,691

Grants Receivable

$15,000

$17,500

Prepaid expenses and other current assets

$79,217

$46,635

Excise tax receivable

$-

$-

Total Current Assets

$1,466,875

$2,008,826

Furniture and equipment, net of accumulated depreciation of $189,514 and $188,760, respectively

$1,718

$9,544

Investments

$22,178,207

$23,609,454

Program related investments

$750,000

$1,500,000

Total Assets

$24,396,800

$27,127,824

Liabilities & Net Assets

Current Liabilities

Accounts payable and accrued expenses

$76,452

$151,924

Grants payable, current portion

$-

$35,000

Total Current Liabilities

$76,452

$186,924

Deferred rent and lease incentive

$45,100

$46,895

Security deposit

$7,080

$4,735

Total Liabilities

$128,632

$238,554

Net Assets

Unrestricted

$24,195,750

$26,769,656

Temporarily restricted

$72,418

$119,614

Total Net Assets

$24,268,168

$26,889,270

Total Liabilites & Net Assets

$24,396,800

$27,127,824

STATEMENTS OF ACTIVITIES
for the Years Ended December 31, 2015 and 2014

(unaudited)

2015

2014

Unrestricted Net Assets

Revenues and Gains

Interest and dividend income

$278,269

$216,961

Investment gain/(losses)

$(383,413)

$1,346,661

Grant income

$119,025

$171,100

Miscellaneous income

$1,436

$819

Rental income

$61,960

$59,445

Total Revenues and Programs/Administrative

$77,277

$1,794,986

Program Expenses

$2,046,037

$2,033,519

Management and General

$482,049

$579,281

Investment Fees

$170,292

$101,965

Total Expenses

$2,698,378

$2,714,765

Increase (Decrease) in Net Assets($2,621,101)$(919,779)Net assets, beginning of year$26,889,270$-

Net assets, end of year$24,268,169$(919,779)

Board & Staff

Board of Trustees

Jacquelyn L. Lendsey,
Chair

Roberta Milman,
Vice Chair/Asst. Secretary

Deborah Smith,
Secretary/Treasurer

Liz Ben-Ishai

Christopher J. King

Ed Lazere

Naomi Mezey

Yanique Redwood

David C. Rose

Silvia Salazar

Art Stevens

Aydin Tuncer

Alan Reed Weil

Foundation Staff

Yanique Redwood

Kendra Allen

Kate Lasso

Ria Pugeda

Nivosoa Robjhon

Board & Staff Diversity

CHF Board Race and Ethnicity Composition

0%Asian/Pacific Islander
41.67%African American
8.33%Hispanic/Latino
41.67%Caucasian
8.33%Mixed Race

CHF Board Sexual Orientation Composition

75%Heterosexual
25%LGBQ

CHF Board Gender/Gender Identity Composition

50%Female
50%Male
0%Transgender

CHF Board Age Range Composition

0%Under 35
50%35-50
33.33%51-64
16.67%65 or older

CHF Staff Race and Ethnicity Composition

20%Asian/Pacific Islander
60%African American
0%Hispanic
20%Caucasian
0%Mixed Race

CHF Staff Sexual Orientation Composition

80%Heterosexual
20%LGBQ

CHF Staff Gender/Gender Identity Composition

100%Female
0%Male
0%Transgender

CHF Staff Age Range Composition

20%Under 35
40%35-50
40%51-64
0%65 or older