Looking back on my first year as Chairman, I feel blessed to have such a talented and hardworking volunteer Board of Trustees. They truly make my job easy as we strive to fulfill our mission: To enhance the quality of life for the people of the San Angelo Area. We reached a milestone this year as we have now granted in excess of $44 million to community organizations in the Concho Valley. These greatly exceed the amount of funds the foundation began with in 1995.
Since our inception, we have made 567 grants to 195 different partner organizations. Virtually every citizen and organization in our community and the Concho Valley is impacted by foundation efforts which extend beyond health issues to include economic, educational and cultural opportunities. We truly feel we have improved our region with additional programming and facilities throughout the entire Concho Valley. With the diligent oversight of the Board regarding our investments, we ended the year with net assets of $57 million. I feel this is quite a feat as we approach our 20th anniversary in 2015.
With our recent economic and population growth came many benefits, and yet it also presented challenges such as the strain on social and health services. We will continue to support the community’s infrastructure and attempt to fill gaps in services. A good example is our $1 million commitment to the Alcohol and Drug Abuse Council of the Concho Valley this year for their proposed Detox Facility and program expansion.
During this past year we accrued $3,431,230 in grants to 29 organizations. Some of this year’s grants work to alleviate the needs and situations of our most vulnerable populations such as the Children’s Emergency Shelter, West Texas Boys Ranch and Rust Street Ministries. We’ve partnered with organizations such as the San Angelo Fire Department’s first responders and the Menard County Hospital District to improve our emergency response systems. We’ve helped maximize building efforts of our educational partners Howard College and Angelo State University. We’ve worked to enhance cultural activities with the Performing Arts Council and the Art Museum. The list goes on.
We will continue to assess the evolving needs of our communities as we enter a new year of philanthropy. To this end our Board of Trustees continues to welcome input and new ideas. We pledge to utilize our resources to fulfill a vision where all people have the knowledge, resources and opportunity to live a healthy life.
Chairman of the Board