Better Business Bureau Report for
Greater Houston Community Foundation

Better Business Bureau Report issued July 2013
Better Business Bureau Report expires July 2014


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Greater Houston Community Foundation
Address: 5120 Woodway Drive, Suite 6000
  Houston, TX 77056
Phone: 713-333-2200
Web Address: www.ghcf.org
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Better Business Bureau Comments

Year, State Incorporated: 1971, Texas
Affiliates: None
Stated Purpose: Growing effective philanthropy by connecting donors to the causes they care about, providing excellent stewardship of assets entrusted to us, and convening resources to address important community needs.

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Evaluation Conclusions

              

Greater Houston Community Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

In addition to assisting Houstonians with their charitable giving, the Greater Houston Community Foundation also provides: -Investment management services for other foundations and nonprofits -Customized philanthropic services -Administrative and operational services to private foundations -Strategy and administration of corporate giving programs -Scholarship programs established by individuals, companies and organizations. Greater Houston Community Foundation disbursed 7,285 grants to various non-profit organizations in 2012.

For the fiscal year ended December 31, 2012, Greater Houston Community Foundation's program expenses were:

  
Grants 72,476,214
Programs 1,725,418
Total Program Expenses: $74,201,632
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Governance

              

Chief Executive : Stephen D. Maislin, President & Chief Executive Officer
Compensation*: 
$358,836

Chair of the Board: Steven L. Miller
Chair's Profession / Business Affiliation: Chariman/President, SLM Discovery Ventures

Board Size: 15

Paid Staff Size: 19

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:


Fund raising costs were less than 1% of related contributions. (Related contributions, which totaled $144,531,905, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Greater Houston Community Foundation's audited financial statements for the fiscal year ended December 31, 2012.

Source of Funds  
Contributions 144,531,905
Net realized and unrealized gain on investments 17,243,365
Interest and dividend income 4,511,882
Change in value of split interest agreements 426,381
Administrative fee revenue 402,576
Rental income 105,271
Total Income $167,221,380


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Uses of Funds as a % of Total Expenses

Programs: 97%  Fund Raising: 1%  Administrative: 2% 

Total income $167,221,380
Program expenses $74,201,632
Fund raising expenses 707,469
Administrative expenses 1,582,171
Total expenses $76,491,272
Income in Excess of Expenses 90,730,108
Beginning net assets 279,389,003
Ending net assets 370,119,111
Total liabilities 27,225,720
Total assets $397,344,831


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Complaints

              

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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