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“WecannoT liveonlyfor ourselves. aThousand fiBers connecTus WiThour felloW men;and amongThose fiBers,as sympaTheTic Threads,our acTionsrun ascauses, andThey comeBack Tousas effecTs.” HermanMelville SteelcaseFoundation2007annualreport steelcasefoundation.org
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ToThecommuniTy parTnersandfriendsof ThesTeelcasefoundaTion: Thesearedifficulttimesforourcommunitiesandthe people who live in them. Thank goodness that for everychallengeweface,therearecreative,committed peoplewhoarefindingsmartwaystoaddressthem. The solutions that come from these people give us hope and renew our optimism. At the Steelcase Foundation,ourgreatestjoyishelpingtobringthese solutions to life and watching the impact they have. We’re proud to have invested over $8.3 million last yearinorganizationsthatareimprovingthequalityof lifeintheirregions,andtohavebeenapartnerinthese efforts.Sometimesourroleiscoach,sometimesit’s cheerleader, but always our goal is to support the ideas of local people on how to enrich the places wheretheyliveandwork. Thegroupsthatwefundhaveonethingincommon: Theyunderstandthatforourcommunitiestoprosper, theindividualsinthosecommunitiesmustprosperas well…because,asHermanMelvilleandothersremind us,allthingsconnect.“Injusticeanywhereisathreat to justice everywhere,” said Martin Luther King, Jr. Working with people like you, we can create safer, healthier,moreequitablecommunities. KatePewWolters BoardChair SusanBroman President,SteelcaseFoundation
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WestMichiganDentalFoundation AnunuSuALMILeSTone| www.wmdds.org next time you have a cavity-free visit to the dentist, give a thought to Grand Rapids, Michigan, which on January 25,1945,becamethefirstcommunityintheworldtoadd fluoridetoitspublicwater.Toothdecayaffects99percent of the population, but fluoride helps prevent up to 65 percentofdentaldecay.Tocommemoratethismilestone, theSteelcaseFoundationhelpedtofundamonumentthat sits on the east bank of the Grand River, telling visitors aboutthisunusualpieceoflocalhistory. 03 Arts&Culture steelcasefoundation.org
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17% arTsandculTure 2007GrantRecipients GRANT FUTURE GRANTRECIPIENT PROJECTDESCRIPTION PAYMENT PAYMENT ArtsCouncilofGreaterGrandRapids Programsupport $35,000 $20,000 www.artsggr.org CalvinCollege LadiesLiteraryClubrenovation $150,000 $0 www.calvin.edu GirlsChoralAcademy(formerlyWest MichiganAcademyofMusicforGirls) “VisionForward:ACapacityBuildingProject” $10,000 $0 www.girlschoralacademy.org GrandRapidsArtMuseum “FillingtheHeartoftheCity–AnewArt $500,000 $0 www.gramonline.org Museum”capitalcampaign GrandRapidsArtMuseum Programsupport $182,500 $0 www.gramonline.org GrandRapidsBalletCompany Dancers’TheatreSeries $75,000 $100,000 www.grballet.com GrandRapidsChildren’sMuseum Infanttoddlerspaces $75,000 $0 www.grcm.org GrandRapidsSymphony underwritingMusicDirector’sChair $170,000 $0 www.grsymphony.org GrandvilleAvenueArtsandHumanities,Inc. Capacitybuilding $25,000 $25,000 www.gaah.org HuntsvilleMuseumofArt(AL) PartnershipwithLimestone $4,998 $4,998 www.hsvmuseum.org BoysandGirlsClub operaGrandRapids Programsupport $50,000 $0 www.operagr.com VSAMichigan-GrandRapids Arts,Jobs&MentoringProgram $8,000 $0 www.iserv.net/~vsagr WestMichiganDentalFoundation FlourideCommemorativeSculpture $20,000 $0 www.wmdds.org 13GRANTEES|TOTALARTS&CULTURE: $1,305,498 $149,998
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“Wedon’T accomplish anyThinginThis Worldalone... andWhaTever happensisThe resulTofThe WholeTapesTryof one’slifeandallThe Weavingsofindividual Threadsfromone ToanoTherThaT creaTessomeThing.” SandraDayo’Connor 05 Community&economicDevelopment steelcasefoundation.org
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JusTiceisThe commonThread. InnerCityChristianFederation|www.iccf.org For30yearsitsatempty—aneyesoreandablightondevelopment.Oranopportunity. TheInnerCityChristianFederation’smissionistofindpeoplesafe,affordablehousing,andintheformer D.A.BlodgettHomeforChildren,theysawanewhomefortheirgrowingoperations,achancetorestore aformershowpiece,andanimpetusforneighborhoodrevitalization. SupportedbygroupsliketheSteelcaseFoundation,ICCFusedtheirexperienceinrehabbinghousingto tackleanincrediblechallenge:Restoringaruinedbuildingaccordingtothestrictguidelinesofboththe nationalRegisterofHistoricPlacesandtheu.S.GreenBuildingCouncil’sLeeDcertification. Completedinnovember2007,ICCF’snewhomeunitesallitsservicesunderoneroof,withroomto grow,andit’slettingthemlivetheirmission. “Beautyisafundamentalcomponentofjustice,andthat’spartoftheshalom,thepeacethat Godwantsustopursueinourcommunities,”saidJonathanBradford,executivedirector.“Wetake greatcaretodesignbeautifulhousesthatdon’tstigmatizeapersonaspoorandthatareacomplement totheneighborhood,andwecouldn’tdolesswithourownbuilding.” GrandvilleAvenueArtsandHumanities,Inc. oFFeRInGALTeRnATIVeS| www.gaah.org Inanareawherepovertyratesarehighandgangsoftenlooklikethemostappealingoption, theGrandvilleAvenueArtsandHumanities(GAAH)groupisaboutalternatives.TheArtsAcademy offersafter-schoolprograms,whileatthelibrary,kidsfindhelpwithhomework,accessto computers,andasafeplacetohangout.Visitsbykidsmorethantripledin2007,andthanksin parttoaSteelcaseFoundationgrant,anewlibraryfacilityfivetimeslargerwillopeninfall2008. Thiswillallowformoreserviceslikeasnackareatogivelocalstudentsnutritiousfoods.
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localBusinesses areThefaBric ofourcommuniTies. LocalFirsteducationalFoundation|www.localfirst.com Buylocal.Forsuchasimpleconcept,it ownersarealsomorelikelytostaylong-term hasasurprisinglyprofoundimpact.It’snot andserveoncommunityboards. justaboutsupportinglocalbusinessowners– theDavidsvs.theGoliathsofnationalchains. TheLocalFirstorganizationinGrandRapids Supportinglocalbusinessescreatesstrong isdedicatedtoeducatingthepublicaboutthe communities,too.ofevery$100spent benefitsofbuyinglocal,andtosupportinglocal atalocalbusiness,$73staysinthe businesses. community,recirculating.Comparethat “ourgoalistotellpeople,ifwewant to$100spentatanationalchain,ofwhichonly tokeepjobsinourcommunityand $43staysinthelocalcommunity. havestrongneighborhoods,we needtobeconsciousofwherewe’re Thereasonsforthisdifferencearemyriad: spendingourmoney,becauseitdoes Localbusinessesaremorelikelytohirelocal makeadifference,”saidexecutivedirector vendors,shopatotherlocalcompanies,and elissaSangalliHillary.“Weequateittovoting donatetolocalnonprofits.Localbusiness foryourcommunity.” 07 Community&economicDevelopment steelcasefoundation.org
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5% communiTy&economicdevelopmenT 2007GrantRecipients GRANT FUTURE GRANTRECIPIENT PROJECTDESCRIPTION PAYMENT PAYMENT eastHillsCouncilofneighbors WealthyHeightscommunitydesign $10,000 $0 www.easthillscouncil.org charrette Genesisnon-ProfitHousingCorporation HeronManorenhancedsupportive $0 $200,000 www.genesisnphc.org housingforseniors GrandRapidsCableAccessCenterInc. emergencygapfunding $30,000 $0 www.grcmc.org GrandvilleAvenueArtsandHumanities,Inc. GrandvilleAvenueneighborhoodLibrary $100,000 $0 www.gaah.org capitalcampaign HabitatforHumanityofKentCounty,Inc. “BuildingToday…FramingTomorrow” $50,000 $50,000 www.habitatkent.org capitalcampaign InnerCityChristianFederation “Pillarsforopportunity”capitalcampaign $50,000 $100,000 www.iccf.org LocalFirsteducationalFoundation LocalFirsteducationalInitiative $36,000 $0 www.localfirst.com LocalInitiativesSupportCorporation GrandRapidsCommunityDevelopment $50,000 $0 www.lisc.org/michigan Initiative GettingThereTogether:research, MichiganLanduseInstitute communicationsandcapacitybuildingto $35,000 $0 www.mlui.org expandmasstransitinmetropolitanGrand Rapids SpiritofAthens,Inc.(AL) Storytellingfestival $15,000 $0 www.athensstorytellingfestival.com 10GRANTEES|TOTALCOMMUNITY&ECONOMICDEVELOPMENT: $376,000 $350,000
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MichiganStateuniversity AHeALTHyFuTuRe| www.msu.edu WhentheCollegeofHumanMedicineatMichiganStateuniversitydecided not only to expand but to move its central offices from east Lansing to GrandRapids,thehealthprospectsofeveryoneinWestMichigangotalittle brighter.That’sbecauseincommunitieswithaworld-classmedicalschool, newphysiciansreceivebettertrainingandpracticingphysicianshavemore opportunitiesforongoingtraining.Theeconomicprospectsfortheregion arealsobright,astheschoolwillattractresearchersandstudentswhowill bringnewvitalityanddiversity. 09 education steelcasefoundation.org
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20% educaTion 2007GrantRecipients GRANT FUTURE GRANTRECIPIENT PROJECTDESCRIPTION PAYMENT PAYMENT AquinasCollege “Mind,Body,Spirit”capital $200,000 $400,000 www.aquinas.edu campaign AthensStateuniversity(AL) newlibraryautomationsystemand $65,000 $0 www.athens.edu campus-widewirelesstechnology AthensStateuniversityFoundation(AL) Scholarshipsfordependentsof $4,000 $4,000 www.athens.edu Steelcaseemployees CalhounCommunityCollegeFoundation(AL) Scholarshipsfordependentsof $4,000 $4,000 www.calhoun.edu Steelcaseemployees ChristianLearningCenter RenovationofnewCentraloffice $0 $50,000 www.clcnetwork.org DavenportuniversityFoundation Scholarshipsfordependentsof $4,000 $0 www.davenport.edu Steelcaseemployees Buildingopportunity:“The DavenportuniversityFoundation CampaignforDavenportuniversity” $125,000 $0 www.davenport.edu capitalcampaign GrandRapidsChristianSchoolFoundation FaithfortheFuturefundinginitiative $50,000 $0 www.grcs.org GrandRapidsCommunityCollegeFoundation Scholarshipsfordependentsof $6,000 $24,000 www.grcc.edu Steelcaseemployees GrandRapidsCommunityCollegeFoundation “openDoorCampaign” $250,000 $500,000 www.grcc.edu advancementcampaign GrandRapidsCommunityFoundation GrandRapidseducationReform $72,442.64 $0 www.goodschoolsforgr.org Initiative GrandValleyStateuniversity Scholarshipsfordependentsof $8,000 $16,000 www.gvsu.edu Steelcaseemployees more…
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educaTion(conTinued) 2007GrantRecipients GRANT FUTURE GRANTRECIPIENT PROJECTDESCRIPTION PAYMENT PAYMENT GrandValleyStateuniversity InnovationConnectionCampaign $166,667 $166,666 www.gvsu.edu foranewengineeringfacility InterlochenCenterForTheArts ScholarshipsforWestMichigan $20,000 $0 www.interlochen.org students KendallCollegeofArt&Design Scholarshipsfordependentsof $5,000 $10,000 www.kcad.edu Steelcaseemployees “TransformingKentCounty KentIntermediateSchoolDistrict educationThroughCommunities $40,000 $40,000 www.kentisd.org ofPractice” KentIntermediateSchoolDistrict KentSchoolServicesnetwork $250,000 $200,000 www.kentisd.org/KSSn LakeMichiganAcademy Scholarshipsupport $10,000 $0 www.wmldf.org LimestoneCountyCareer TechnicalCenter(AL) FIRSTRoboticsTeam34Rockets $35,000 $0 www.careertechnical.org MichiganCollegesFoundation Scholarshipsforprivatecollegesin $27,500 $0 www.michigancolleges.org Michigan MichiganStateuniversity MSuWestMichiganMedical $200,000 $800,000 www.msu.edu School nationalMeritScholarshipCorporation nationalMeritScholarships $52,888 $0 www.nationalmerit.org School-To-CareerProgressions SuccessCenters $0 $30,000 www.s2cprogressions.org SpecializedLanguageDevelopment ICanReAD(InterventionCan LearningCenter,Inc. $2,500 $5,000 RemediateearlyAgeDyslexia) www.sldread.org 24GRANTEES|TOTALEDUCATION: $1,597,997.64 $2,249,666
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“somepeople WeaveBurlap inToThefaBric ofourlives, andsomeWeave goldThread. BoThconTriBuTe TomakeThe WholepicTure BeauTifulandunique.” Anonymous 12 education steelcasefoundation.org
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ToxIn-FReeHoMeS| HealthyHomesCoalitionofWestMichigan,Inc. www.healthyhomescoalition.org In 2000, 559 kids in Kent County tested positive for lead poisoning due to toxic elements, such as lead paint, in their own homes. In 2007, that number was down to 166 kids, due in large part to the Healthy Homes CoalitionofWestMichigan’seducationalefforts.Butthat’sstilltoomany kids,asfarasthey’reconcerned…andfartoomanyotherinvisiblehazards lurkinhomes,unbeknownsttofamilies–fromcarbonmonoxidetoradon tomold.Infantsandtoddlersspendanestimated90%oftheirlivesintheir home environment, making healthy homes a key component to healthy childhooddevelopment.WithmoneyfromtheSteelcaseFoundation,the coalitionplanstoexpanditseducationalprograms,ensuringhealthyfutures forevenmorechildren. 13 environment steelcasefoundation.org
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8% environmenT 2007GrantRecipients GRANT FUTURE GRANTRECIPIENT PROJECTDESCRIPTION PAYMENT PAYMENT HealthyHomesCoalitionofWestMichigan,Inc. TranslatingImpactintoSustainability $30,000 $45,000 www.healthyhomescoalition.org KentCountyAgriculturalPreservationBoard Preservingprimeanduniquefarmland www.accesskent.com/yourGovernment/BoC/ inKentCountythroughthePurchaseof $94,176 $0 PDR DevelopmentRightsprogram LandConservancyofWestMichigan GreenInfrastructureFromtheGroundup $20,000 $0 www.naturenearby.org outdoorDiscoveryCenterofWildlifeunlimited outdoorDiscoverySensoryTrail $4,000 $0 www.outdoordiscoverycenter.org Developmentoftheenvironmental PilgrimManor ManagementSystemandapplication $5,000 $0 www.pilgrimmanor.org fortheCleanCorporateCitizen(C3) designation ThenatureConservancy “SavingtheLastGreatPlacesinMichigan $100,000 $200,000 www.nature.org/michigan –ACampaignforConservation” WestMichiganTrails&GreenwaysCoalition “ConnectingandextendingourRegional $400,000 $0 www.wmtrails.org TrailwayInfrastructure” 7GRANTEES|TOTALENVIRONMENT $653,176 $245,000
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“humankindhas noTWovenThe WeBoflife.Weare BuToneThread WiThiniT.WhaTever WedoToTheWeB, WedoToourselves. allThingsare BoundTogeTher. allThingsconnecT.” ChiefSeattle 15 Health steelcasefoundation.org
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1% healTh 2007GrantRecipients GRANT FUTURE GRANTRECIPIENT PROJECTDESCRIPTION PAYMENT PAYMENT CherryStreetHealthServices LeeDBonus $7,500 $0 www.cherryhealth.com MichiganAIDSFund WestMichiganHIV/AIDSprevention $15,000 $0 www.michaidsfund.org programs nationalKidneyFoundationofMichigan,Inc. DodgethePunch:LiveRightAfrican (GrandRapidsBranch) $35,000 $0 AmericanMaleHealthCampaign www.nkfm.org MotorBehaviorandPediatricDisabilities universityofMichigan TreadmillTrainingforInfantswithDown $58,333 $58,334 www.umich.edu SyndromeandCerebralPalsy 4GRANTEES|TOTALhEALTh: $115,833 $58,334 FunDInGTHeFIGHT| MichiganAIDSFundwww.michaidsfund.org Someofthemethodsarecontroversial,buttheresultsareundeniable.usingmoneyfromsources suchastheSteelcaseFoundation,theMichiganAIDSFundsupportsorganizationsfightingto preventthespreadofHIV/AIDSwithtacticssuchastesting,referralsforhelpandaneedle-exchange program.Sincetheseprogramsstarted,therateoftransmissionintheIVdrug-usingpopulationhas decreaseddramatically,lesseningtragediessuchasmomstransmittingthediseasetotheirbabies. Andbecauseoftherelationshipsdevelopedthroughtheneedle-exchangeprogram,thepeoplewho arereadytogetoffdrugsknowwheretogotofindresourcesthatcanhelpthemstartnewlives.
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Stop-Gap ReACHInGACRoSSTHeGAP| www.stopgap.org Mosthighschoolerslistentotheirfriendswhenitcomestoissueslikedating,sex andalcohol,notadults.ThepeopleatStop-Gaptheatrecompanyknowthis, whichiswhytheplaystheyperformatlow-incomeschoolsinvolvepeer-to-peer counseling,withguidancefromtheactors.Ratherthantraditionalassembliesthat makekidspassiveobservers,Stop-Gapgoesintoclassrooms,withgroupsno largerthan50students.Thekidsrole-playpositionsofempowerment–parent, policeman,principalorteacher–andcounselotherkidswithintheframework of the play’s topic, leading to insights that engage the kids and impact their behaviorfarmorethanatraditionaltheatricalperformanceeverwould. 17 HumanService steelcasefoundation.org
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47% humanservice 2007GrantRecipients GRANT FUTURE GRANTRECIPIENT PROJECTDESCRIPTION PAYMENT PAYMENT AmericanRedCross Capacitybuilding $75,000 $50,000 www.greatergrandrapids.redcross.org ArborCircleCorporation Capacitybuilding $7,500 $0 www.arborcircle.org Boys&GirlsClubofAthens/LimestoneCounty (AL) Programsupport $30,000 $0 www.bgcoflimestonecounty.com CampHenry Camperscholarships $17,000 $0 www.camphenry.org CampRoger Camperscholarships $7,500 $0 www.camproger.org CampTallTurf “ConnectedFutures,”aninitiativeto $50,000 $50,000 www.tallturf.org sustainanddevelopCampTallTurf KentCountyHealthyStart,a ChildandFamilyResourceCouncil comprehensivepreventionprogramto $150,000 $75,000 www.childresource.cc ensurehealthydevelopmentofyoung childrenandfamilies Children’sAssessmentCenter Developmentassistantposition $13,850 $0 www.cac-kent.org ChristianCounselingCenter “BuildingforGrowth...equippingforLife” $25,000 $0 www.cccwmich.org capitalcampaign CitizensforBetterCare ombudsman(DirectAdvocacy) $7,500 $0 www.cbcmi.org Programforassistedlivingfacilities DegageMinistries “MeetingneedsTodayBuildingfor $100,000 $0 www.degageministries.org Tomorrow”capitalcampaign DisabilityAdvocatesofKentCounty expansionofZeroStep $40,000 $0 www.disabilityadvocates.us FairHousingCenterofWestMichigan Short-termgapfunding $22,000 $8,000 www.fhcwm.org more…
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humanservice(conTinued) 2007GrantRecipients GRANT FUTURE GRANTRECIPIENT PROJECTDESCRIPTION PAYMENT PAYMENT GerontologynetworkResources,Inc. CenteronAging&Longevity $140,000 $0 www.michiganseniors.org Gilda’sClubGrandRapids Childrens’GriefProgrampilotproject $0 $75,000 www.gildasclubgr.org GrandRapidsurbanLeague,Inc. ProjectSustainability $45,000 $25,000 www.grurbanleague.org GrandRapidsyouthCommonwealthInc. “Campo’MalleyKids,Cops, $200,000 $0 www.grkidsandcops.org Community”capitalcampaign HeartofWestMichiganunitedWay KentCountyearlyChildhoodInitiative $100,000 $0 www.greatstartkent.org HispanicCenterofWesternMichigan,Inc. LeeDBonus $9,375 $0 www.hispanic-center.org HospiceofMichigan “MyStories”program $23,485 $0 www.hom.org IndianTrailsCamp,Inc. Camperscholarships $10,000 $0 www.indiantrailscamp.org JohnKnoxFoodPantry newdataentry/officesupportposition $5,500 $0 www.john-knox.org LakeshoreethnicDiversityAlliance Campaignforprogress $10,000 $7,500 www.ethnicdiversity.org LakeshoreHabitatforHumanity “BuildingHouses,ChangingLives” $40,000 $0 www.lakeshorehabitat.org Campaign LimestoneCountyChurchesInvolved,Inc.(AL) Assistancefund $10,000 $10,000 LiteracyCenterofWestMichigan LiteracyChallenge2010 $45,000 $30,000 www.literacycenterwm.org Michigan’sChildren Programsupport $20,000 $20,000 www.michiganschildren.org more…
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humanservice(conTinued) 2007GrantRecipients network180 “BuildingaHealthierCommunity” $50,000 $0 www.network180.org capitalcampaign PawsWithACause Service/Guidedogprogram $40,000 $40,000 www.pawswithacause.org PineRestChristianMentalHealthServices ottawaHillsHighSchool–PineRest $30,000 $60,000 www.pinerest.org PartnershipforSuccessprogram PreparingforaBetterLife, ProactionBehavioralHealthAllianceCenter demonstrationprojectattheKent $75,000 $75,000 www.proactionalliance.org CommunityReentryCenter SalvationArmy RayandJoanKrocCorpsCommunity $500,000 $0 www.salvationarmyusa.org Centercapitalcampaign St.John’sHome Start-upofSt.John’sAcademy $100,000 $0 www.stjohnshome.org forTeens St.John’sHome DavidD.Hunting,Jr.Memorial $100,000 $0 www.stjohnshome.org Stop-Gap(CA) educationaltouringplays $7,800 $0 www.stopgap.org TorontoWindfallClothingSupportService(CD) DevelopmentofSpecialevents $9,329 $0 www.windfallclothing.ca Department unitedWay(1) 2006campaign $600,000 $0 www.unitedway.org unitedWay(26) 2007campaign $762,775 $150,000 www.unitedway.org unitedChurchoutreachMinistryInc. “CreatinganewReality”capital $50,000 $0 www.ucomgr.org campaign unitedMethodistCommunityHouse FirstStepHouse $40,000 $0 www.umchousegr.org WidowedPersonsService Capacitybuilding $0 $40,000 www.wpsgrandrapidsmi.com youngMen’sChristianAssociationof MidCityAdventureClub,summer GrandRapids campers’scholarshipprogram,and $20,000 $0 www.grymca.org SearchInstituteAssetTraining yWCAWestCentralMichigan Permanenthousingprogram $150,000 $0 www.ywcawcmi.org 43GRANTEES|TOTALhUMANSERVICE: $3,738,614 $715,500
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2% oTher 2007GrantRecipients GRANT FUTURE GRANTRECIPIENT PROJECTDESCRIPTION PAYMENT PAYMENT CouncilofMichiganFoundations officeofFoundationLiaison $20,000 $0 www.michiganfoundations.org CouncilofMichiganFoundations 2006/2007membershipdues $9,600 $0 www.michiganfoundations.org GrandRapidsCommunityFoundation nonprofitTechnicalAssistanceFunding $30,000 $60,000 www.gvsu.edu/npta Collaborative JuniorAchievementoftheMichigan Integratingeconomiceducation GreatLakes,Inc. $50,000 $150,000 andtheWorkplace westmichigan.ja.org WestMichiganChapterofAssociationof FundRaisingProfessionals nationalPhilanthropyDay2007 $500 $0 www.afpwm.org WGVuPublicBroadcasting SupportforScienceCafeandunderwriting $23,750 $23,750 www.wgvu.org supportfornoVAandnATuRe 6GRANTEES|TOTALOThER: $133,850 $233,750 GRANDTOTALS GRANTPAYMENT FUTUREPAYMENT $7,910,968.64 $4,002,248.00 21 other steelcasefoundation.org
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5% maTchinggifTs TheSteelcaseFoundationalsopartnerswithSteelcaseemployees,retireesanddirectors bymatchingtheirgiftstoartsandculture,education,andenvironmentalandconservation programs. Themaximumcontributionis$10,000yearly.Theamountcanbeacombinationofgiftstoa numberofdifferentorganizations. In2007,theFoundationprovided$429,684inmatchingfundsthatincluded$371,556for education;$44,627forartsandculture;and$13,500forenvironmentandconservation programs.MatchinggiftapplicationformsareavailablefromtheFoundationoffice.Fora detailedlistofmatchinggiftrecipients,pleasevisitusonlineatsteelcasefoundation.org. 22 MatchingGifts steelcasefoundation.org
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sTaTemenTs offinancial posiTion novemBer30, 2007 2006 assets Cashandcashequivalents $4,725 $- Investments,atfairvalue(notes1and2) 122,236,205 119,738,753 Federalexcisetaxrefundable 7,500 5,087 TotalAssets $122,248,430 $119,743,840 liabilitiesandnetassets Liabilities Grantspayable(note3) $4,002,248 $5,417,260 Deferredfederalexcisetax(note4) 92,866 85,267 TotalLiabilities $4,095,114 $5,502,527 NetAssets unrestricted 118,153,316 114,241,313 TotalLiabilitiesandNetAssets $122,248,430 $119,743,840 23 Statements steelcasefoundation.org
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sTaTemenTsof unresTricTed acTiviTies yearendednovemBer30, 2007 2006 revenues In-kindcontributions(note1) $361,364 $340,706 Investmentincome: Dividends 8,925,624 3,449,501 Interest - 423,395 Realizedandunrealizedgainoninvestments 2,041,619 10,522,026 TotalRevenues $11,328,607 $14,735,628 expenses Grantsandmatchinggifts(note3) 6,925,641 6,285,141 Investmentmanagementandagencyfees(note1) 20,000 64,743 Provisionsforfederalexcisetax(note4): Current 102,000 149,913 Deferred 7,599 (6,173) Generalandadministrative(note1) 361,364 340,706 TotalExpenses $7,416,604 $6,834,330 IncreaseinNetAssets $3,912,003 $7,901,298 NetAssets,beginningofyear $114,241,313 $106,340,015 NetAssets,endofyear $118,153,316 $114,241,313 Acompletesetofauditedfinancialstatementswillbeprovideduponrequest.
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® SteelcaseFoundation P.o.Box1967/GH-4e SteelcaseFoundation GrandRapids,MI49501-1967 P.o.Box1967/GH-4e P:616.246.4695 GrandRapids,MI4950 F:616.475.2200 steelcasefoundation.org P:616.246.4695 F:616.475.2200 03/08©2008SteelcaseInc.Allrightsreserved. steelcasefoundation.or
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