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Column: Greater Atlanta Community Foundation’s assets hit $793 million

By Maria Saporta
Published in the Atlanta Business Chronicle on November 15, 2013

For The Community Foundation for Greater Atlanta, happy days are here again.

At its 2013 annual meeting at The Fox Theatre on Nov. 8, the foundation reported that it reached a record of $793 million in total assets.

The previous high watermark was in 2007 when the foundation reached $771 million in assets.

As a result of its growing asset base, Alicia Philipp, the president of the Community Foundation, reported that it gave away $83 million in grants in 2012. It also received $102 million in new grants last year as well as 46 new funds.

“That’s an 18 percent increase from 2011,” Philipp told the gathering of community stakeholders. The Community Foundation, which was founded in 1977, now is approaching the $800 million mark in assets, which would be a major milestone for Atlanta.

Ken Bernhardt, a marketing guru who recently retired from Georgia State University, also is ending his three-year term as board chair of the Community Foundation. He will be succeeded by Suzanne Boas, former executive director of CredAbility.

A highlight of the luncheon was when Quality Care Children received the “Managing for Excellence” award. Accepting the award was Pam Tatum, executive director of the organization.

The foundation said Quality Care for Children deserved the award for providing training and resources to improve affordable child care and early learning options for families of children in Georgia. Nearly 400,000 Georgia children under the age of 6 are in the care of someone other than their parents every day.

Quality Care for Children recently released the first-ever mobile app to help parents locate the state’s best child-care programs.

American Jewish Committee

Many of Atlanta’s top business leaders attended this year’s American Jewish Committee’s National Human Relations Award dinner on Nov. 7 honoring Richard Anderson, CEO of Delta Air Lines. (See photo, Page 8A.)

The co-chairs of the event were former Atlanta Mayor Shirley Franklin, who sits on the board of Delta Air Lines; and Doug Hertz, president and chief operating officer of United Distributors.

Hertz said it was one of the easiest events he had ever co-chaired because everybody wanted to contribute and attend. He thanked Anderson for his contributions at Grady Hospital, United Way, the Atlanta Symphony Orchestra, the Metro Atlanta Chamber and the National Center for Civil and Human Rights.

Leaders from all those organizations came to the dinner.

The invocation was given by the Rev. Jeffery Ott, pastor of Our Lady of Lourdes Catholic Church, a request that Anderson had made.

“You learn as a young Catholic school boy that self-promotion is a mortal sin,” Anderson told the audience. “That’s why I brought my pastor.”

After thanking his wife, Sue Kent Anderson, and the entire Delta team, Anderson explained how he viewed his role in business.

“In this life, when you have this kind of job or this kind of responsibility, we have a much more important obligation than a return on capital,” Anderson said.

Atlanta Rotary

The Rotary Club of Atlanta recently elected its future leadership.

Builder Tommy Holder will be president of the club from 2014-2015. Clark Dean will be secretary; Tom Chubb — treasurer; Dave Moody — vice president of club service; Cannon Carr — vice president of vocational service; and Jim Munson — vice president of international.

Banker Sonny Deriso is the president nominee for 2015-2016. The 2014-2017 board of directors are Felker Ward, Sonny Deriso, Sam Williams, Ross Rossin and Kelly Barrett.

Villa International

Back in 1972, Villa International opened its doors as a short-term residence for guests — primarily international researchers at the CDC and Emory University’s Rollins School of Public Health. Since then, the Clifton Road villa has hosted nearly 25,000 guests from 147 countries. Villa International held its annual wine-and-cheese tasting Viva Villa event on the afternoon of Nov. 3 to benefit the facility. It showcased recent renovations that were made possible by a grant from the Robert W. Woodruff Foundation and other donors.

Camille Gaffron is Villa International’s executive director; and Tony Callaway is its director of development. Carol Dew is chairing the Viva Villa event.

Maria Saporta

Maria Saporta, Editor, is a longtime Atlanta business, civic and urban affairs journalist with a deep knowledge of our city, our region and state.  Since 2008, she has written a weekly column and news stories for the Atlanta Business Chronicle. Prior to that, she spent 27 years with The Atlanta Journal-Constitution, becoming its business columnist in 1991. Maria received her Master’s degree in urban studies from Georgia State and her Bachelor’s degree in journalism from Boston University. Maria was born in Atlanta to European parents and has two young adult children.


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