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2011-2012 Annual Report

New York

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BuildingFoundation

The New York Building Foundation was

formed in 1998 to promote the long-term

growth and well being of the New York City

building industry and the wider community

through an active program of research,

educational and philanthropic activities. The

Foundation provides a unique tax-exempt

vehicle to attract voluntary contributions

and research grants on behalf of a targeted

program. The Foundation’s research

agenda seeks to serve the industry and

contribute to public debate on issues

concerning design and construction, as

well as the City’s economic future. Specific

objectives include greater understanding of

the City’s construction outlook, infrastructure

needs and economic future. With

respect to education, the Building

Foundation supports the development of

the next generation of industry leaders.

This goal is pursued through professional

fellowships and student internships together

with annual scholarships and grants

to qualified education and mentorship

programs. A major objective of the

Building Foundation is to marshal the diverse

talents and energies of local firms and trade

unions toward projects that give back to the

community. This work has been advanced

most energetically through the World Trade

Center Memorial Fund established after

September 11, 2001 to assist the families

of member firms and industry organizations.

The Building Foundation depends

on the support of firms and individuals

committed to leveraging the building

industry’s talents and vast resources for the

benefit of all New Yorkers. Every effort is

made to attract widespread participation

with Foundation activities and to publicize

the voluntary contributions of the industry

to the City of New York.

MiSSion StatEMEnt

Contents:Message from the Chairman, Dominick M. Servedio ................... 1

Education ..................................... 2

Philanthropy .................................. 4

Research and Analysis .................... 6

Foundation Events ......................... 8

Contribution Guidelines ................. 10

Financial Statement ..................... 11

Officers, Board of Governors, Staff ......................................... 12

MESSAGE FROMTHE CHAIRMAN

Since its founding in 1998, the New York Building Foundation has successfully provided educational opportunities, supported charitable activities, and initiated research for the benefit of all New Yorkers. The Foundation flourished under the dedicated leadership of Past Chairmen Richard L. Tomasetti and John F. Hennessey III, both of whom encouraged the organization to grow and expand. It is my objective and privilege now to continue their legacy and guide the Foundation into new areas that remain true to its core mission.

Most recently, the development of the Construction for a Livable City program, highlighting innovations in construction site management and community relations, demonstrates how the Foundation can tap into what is best about our industry and encourage lasting and powerful improvements. The multiple organizations in the public and private sector, that embraced this initiative as an opportunity to highlight positive changes to materials and equipment, construction barriers and community involvement, represent the future of building in New York.

The Foundation’s research activities continue to grow in frequency and impact. What started as an annual multi-year forecast of construction activity has evolved into the Construction Outlook Information Program which, in addition to that annual forecast, produces monthly updates on various economic indicators, including construction costs, building permits, stimulus spending, worker demographics and stalled sites. The research for these reports and others is underwritten by the Foundation and is a vital part of its service to the industry.

Supporting student scholarships and providing grants to institutions that are developing the next generation of industry leaders is an ongoing Foundation objective. Efforts are underway to expand this support to more institutions and more students pursuing architecture, engineering and construction professions.

Looking forward, one of the most important initiatives we can undertake, and a responsibility as Chairman I take very seriously, is to advocate the value of a robust transportation infrastructure on the region’s economic growth and competitiveness. The Foundation is an excellent vehicle for collaboration with partners throughout the industry, as well as in education, healthcare and government. Together with a dedicated Board of Governors and the expertise of volunteers from all segments of design, construction and real estate, these partners can help demonstrate the impact of transportation and infrastructure funding for multiple projects designed to improve the City and our region.

It is my hope and expectation that, as the results of the New York Building Foundation’s highly-regarded efforts become more widely known, many more colleagues and citizens will support and benefit from these activities. I encourage you to learn more in the pages that follow and contribute your voice.

Dominick M. Servedio, P.E.Chairman, New York Building FoundationChairman and Chief Executive Officer, STV Group, Inc. 1

EDUCATION

The ACE Mentor Program Nontraditional Employment for Women • NEW

The Urban Assembly School of Design and Construction

The Salvadori Center

The ACE Mentor Program’s mission is to enlighten high school students and increase their

awareness of career opportunities in architecture, construction, and engineering and related

areas of the design and construction industry through mentoring, and to provide scholarship

opportunities for students in an inclusive manner that is reflective of the diverse school

population. ACE is a unique partnership among industry professionals who work together

to attract young people to their fields by volunteering as mentors to high school students.

In return, the industry gets a much-needed boost of new talent.

Supporting the development of

the next generation of industry

leaders is a primary goal of the

New York Building Foundation.

This goal is accomplished in

several ways. The Foundation’s

Hennessy Fund provides

opportunities and funding for

professional fellowships and

student internships within

the design, construction

and real estate industry. The

Building Foundation also

sponsors several annual

scholarships through the ACE

Mentor Program and other

organizations, supports the

educational training activities

of the Salvadori Center, and

provides funding to vocational

training organizations such as

Nontraditional Employment

for Women and vision schools

such as the Urban Assembly

School of Design and

Construction.

The Salvadori Center is committed to

improving children’s problem-solving

skills by using project-based learning

focused on the built environment. This

goal is achieved by providing tailored

professional development to teachers,

as well as direct instruction to children

of all ages. The teaching staff features

experienced architects and engineers

who share their passion for New York’s

urban landscape in ways that inspire

young learners.

Nontraditional Employment for Women (NEW) is a

non-profit organization that trains women for skilled jobs

in construction and other blue-collar industries. NEW

provides opportunities for women to achieve economic

self-sufficiency through employment in nontraditional

work. In the last five years, more than 850 NEW

graduates have found work in the building and

construction trades, facilities maintenance, energy

and transportation, throughout New York City.

Through the New York Building Foundation Career

Advancement Fund, NEW provides scholarships to

graduates working towards certificates in construction

management or pursuing coursework that helps

them advance to foremen and participate in union

leadership training.

The Urban Assembly School of Design and Construction enriches its challenging academic

program with the active involvement of architecture and design professionals and partnerships

with cultural institutions and universities. The School takes advantage of its New York City

location to expose students to architectural landmarks and unique building sites. Students leave

not only prepared to succeed in college but appreciating and understanding their built environment.3

EDUCATION

The ACE Mentor Program Nontraditional Employment for Women • NEW

The Urban Assembly School of Design and Construction

The Salvadori Center

The ACE Mentor Program’s mission is to enlighten high school students and increase their

awareness of career opportunities in architecture, construction, and engineering and related

areas of the design and construction industry through mentoring, and to provide scholarship

opportunities for students in an inclusive manner that is reflective of the diverse school

population. ACE is a unique partnership among industry professionals who work together

to attract young people to their fields by volunteering as mentors to high school students.

In return, the industry gets a much-needed boost of new talent.

Supporting the development of

the next generation of industry

leaders is a primary goal of the

New York Building Foundation.

This goal is accomplished in

several ways. The Foundation’s

Hennessy Fund provides

opportunities and funding for

professional fellowships and

student internships within

the design, construction

and real estate industry. The

Building Foundation also

sponsors several annual

scholarships through the ACE

Mentor Program and other

organizations, supports the

educational training activities

of the Salvadori Center, and

provides funding to vocational

training organizations such as

Nontraditional Employment

for Women and vision schools

such as the Urban Assembly

School of Design and

Construction.

The Salvadori Center is committed to

improving children’s problem-solving

skills by using project-based learning

focused on the built environment. This

goal is achieved by providing tailored

professional development to teachers,

as well as direct instruction to children

of all ages. The teaching staff features

experienced architects and engineers

who share their passion for New York’s

urban landscape in ways that inspire

young learners.

Nontraditional Employment for Women (NEW) is a

non-profit organization that trains women for skilled jobs

in construction and other blue-collar industries. NEW

provides opportunities for women to achieve economic

self-sufficiency through employment in nontraditional

work. In the last five years, more than 850 NEW

graduates have found work in the building and

construction trades, facilities maintenance, energy

and transportation, throughout New York City.

Through the New York Building Foundation Career

Advancement Fund, NEW provides scholarships to

graduates working towards certificates in construction

management or pursuing coursework that helps

them advance to foremen and participate in union

leadership training.

The Urban Assembly School of Design and Construction enriches its challenging academic

program with the active involvement of architecture and design professionals and partnerships

with cultural institutions and universities. The School takes advantage of its New York City

location to expose students to architectural landmarks and unique building sites. Students leave

not only prepared to succeed in college but appreciating and understanding their built environment.3

PHILANTHROPY

World Trade Center Memorial Fund

Students Studying for Careers in Construction and Engineering Visit Skanska Facilities in Stockholm

Out2Play

Past philanthropic efforts by the Foundation include the

establishment of a World Trade Center Memorial Fund,

in response to the tragic attacks on September 11, 2001. The Fund raised more than $400,000

from member employees, firms, and other industry colleagues. Most of the donations were distributed

to surviving family members of building industry workers and uniformed personnel who perished on

September 11. In addition, the Fund paid for the creation of crystal plaques commemorating the

colleagues lost on 9/11 from New York Building Congress member organizations. The Building

Foundation, together with the Building Congress, also has made contributions totaling $100,000

to the National September 11 Memorial and Museum.

The New York

Building Foundation

was created by

construction industry

leaders in part to marshal

the diverse talents and

energies of local firms

and trade unions toward

projects that give back

to the community.

A new initiative in 2009 was a grant to Out2Play, which

supported the construction of a new playground for PS147

in Brooklyn. The playground officially opened in April 2010.

Out2Play provides new–and much needed–playspaces for

public schoolchildren all over New York City. Out2Play uses

public/private partnerships to bring government, business,

foundation and individual funders together for a single

shared goal; to keep school kids active and healthy by

providing safe, welcoming playspaces.

The Building Foundation is continuing its support of

Out2Play by sponsoring a second playground at PS83 in

the Bronx. In addition to the support given by the Building

Foundation, Board Member Husam Ahmad, President and

CEO of HAKS, also sponsored a playspace at PS101Q. It

is hoped that the Foundation’s involvement will continue to

inspire other donations to Out2Play’s important work until

the organization’s mission to provide adequate play areas

for all City public schools is complete.

In 2010, five students from the Alfred E. Smith Career and Technical Education High School in the

South Bronx spent Spring Break in Stockholm, Sweden. The five-day trip, was made possible thanks to

financial contributions from the Building Foundation and Skanska, an international construction firm with

headquarters in Stockholm and major operations in New York City, as well as logistical support from

both organizations.

The five 10th Grade students from minority backgrounds are studying for careers in building construction

and engineering. The students, three boys and two girls, were selected randomly from a pool of 30

interested students who excelled academically and maintained strong attendance records.

Highlights of the trip included a VIP tour of Skanska’s headquarters, visits to Swedish vocational schools,

as well as cultural exchanges with their Swedish peers, including a traditional Viking meal, basketball

games and activities.

Currently, several charitable initiatives are under consideration for Building Foundation involvement and support.

The Foundation’s grant guidelines can be found on page 10 of this Report.5

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PHILANTHROPY

World Trade Center Memorial Fund

Students Studying for Careers in Construction and Engineering Visit Skanska Facilities in Stockholm

Out2Play

Past philanthropic efforts by the Foundation include the

establishment of a World Trade Center Memorial Fund,

in response to the tragic attacks on September 11, 2001. The Fund raised more than $400,000

from member employees, firms, and other industry colleagues. Most of the donations were distributed

to surviving family members of building industry workers and uniformed personnel who perished on

September 11. In addition, the Fund paid for the creation of crystal plaques commemorating the

colleagues lost on 9/11 from New York Building Congress member organizations. The Building

Foundation, together with the Building Congress, also has made contributions totaling $100,000

to the National September 11 Memorial and Museum.

The New York

Building Foundation

was created by

construction industry

leaders in part to marshal

the diverse talents and

energies of local firms

and trade unions toward

projects that give back

to the community.

A new initiative in 2009 was a grant to Out2Play, which

supported the construction of a new playground for PS147

in Brooklyn. The playground officially opened in April 2010.

Out2Play provides new–and much needed–playspaces for

public schoolchildren all over New York City. Out2Play uses

public/private partnerships to bring government, business,

foundation and individual funders together for a single

shared goal; to keep school kids active and healthy by

providing safe, welcoming playspaces.

The Building Foundation is continuing its support of

Out2Play by sponsoring a second playground at PS83 in

the Bronx. In addition to the support given by the Building

Foundation, Board Member Husam Ahmad, President and

CEO of HAKS, also sponsored a playspace at PS101Q. It

is hoped that the Foundation’s involvement will continue to

inspire other donations to Out2Play’s important work until

the organization’s mission to provide adequate play areas

for all City public schools is complete.

In 2010, five students from the Alfred E. Smith Career and Technical Education High School in the

South Bronx spent Spring Break in Stockholm, Sweden. The five-day trip, was made possible thanks to

financial contributions from the Building Foundation and Skanska, an international construction firm with

headquarters in Stockholm and major operations in New York City, as well as logistical support from

both organizations.

The five 10th Grade students from minority backgrounds are studying for careers in building construction

and engineering. The students, three boys and two girls, were selected randomly from a pool of 30

interested students who excelled academically and maintained strong attendance records.

Highlights of the trip included a VIP tour of Skanska’s headquarters, visits to Swedish vocational schools,

as well as cultural exchanges with their Swedish peers, including a traditional Viking meal, basketball

games and activities.

Currently, several charitable initiatives are under consideration for Building Foundation involvement and support.

The Foundation’s grant guidelines can be found on page 10 of this Report.5

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RESEARCH & ANALYSIS

New York City Construction Outlook: 2010–2012

Construction for a Livable City

Special Issue Reports

The Building Foundation and its parent

organization, the New York Building

Congress, have sponsored ten annual

installments, supplemented by monthly

updates, of the Construction Outlook

series, which has evolved into the

most significant and influential of

their combined research efforts.

Widely circulated within the industry

and in policy circles, the forecast serves

as a barometer for the City’s economic

strength and is quoted frequently by public

officials and news organizations. The

current edition forecasts total construction

spending of $78 billion from 2010 through

2012, but notes this activity is largely

contingent on the ability of the Metropolitan

Transportation Authority to fund its full

capital program.

As a partner in various reports prepared

to encourage responsible development,

coordinate capital investments and analyze

trends, the Building Foundation continues

its mission to provide tools to industry

and political leaders that can help foster

progressive, comprehensive planning

for New York. Examples include:

Public Infrastructure Dividends;

The Benefits of Capital Investments

in New York City, which reviews the

different impacts of money budgeted for

capital projects versus operating expenses,

in particular, the economic activity and

quality of life improvements most capital

programs generate; and New York’s Rising

Construction Costs, a 2008 report on

trends in construction costs, comparisons

with other major urban centers, and

potential recommendations to control costs

and make New York City’s commercial,

institutional and government construction

more manageable and competitive.

In seeking to better serve

the industry and contribute

to public debate on issues

concerning design and

construction, as well as the

City’s economic future, the

Foundation has made research

and analysis a significant

part of its efforts.

Foundation research

publications are quoted by a

wide range of leading public

officials, as well as in editorials

and news articles by virtually

every daily newspaper in

New York City, and in leading

real estate and construction

trade publications.

A pilot program, which began in 2008,

enlists developers and contractors to

voluntarily implement improvements

to the design, quality and character

of construction site sidewalk arcades,

fences and barriers throughout the City.

The intent of this program, influenced

by a successful British initiative, is to

help mitigate the impact of construction

projects on area residents and workers,

and support ways to acknowledge

organizations whose worksites are

models of efficiency and attractiveness.

7

RESEARCH & ANALYSIS

New York City Construction Outlook: 2010–2012

Construction for a Livable City

Special Issue Reports

The Building Foundation and its parent

organization, the New York Building

Congress, have sponsored ten annual

installments, supplemented by monthly

updates, of the Construction Outlook

series, which has evolved into the

most significant and influential of

their combined research efforts.

Widely circulated within the industry

and in policy circles, the forecast serves

as a barometer for the City’s economic

strength and is quoted frequently by public

officials and news organizations. The

current edition forecasts total construction

spending of $78 billion from 2010 through

2012, but notes this activity is largely

contingent on the ability of the Metropolitan

Transportation Authority to fund its full

capital program.

As a partner in various reports prepared

to encourage responsible development,

coordinate capital investments and analyze

trends, the Building Foundation continues

its mission to provide tools to industry

and political leaders that can help foster

progressive, comprehensive planning

for New York. Examples include:

Public Infrastructure Dividends;

The Benefits of Capital Investments

in New York City, which reviews the

different impacts of money budgeted for

capital projects versus operating expenses,

in particular, the economic activity and

quality of life improvements most capital

programs generate; and New York’s Rising

Construction Costs, a 2008 report on

trends in construction costs, comparisons

with other major urban centers, and

potential recommendations to control costs

and make New York City’s commercial,

institutional and government construction

more manageable and competitive.

In seeking to better serve

the industry and contribute

to public debate on issues

concerning design and

construction, as well as the

City’s economic future, the

Foundation has made research

and analysis a significant

part of its efforts.

Foundation research

publications are quoted by a

wide range of leading public

officials, as well as in editorials

and news articles by virtually

every daily newspaper in

New York City, and in leading

real estate and construction

trade publications.

A pilot program, which began in 2008,

enlists developers and contractors to

voluntarily implement improvements

to the design, quality and character

of construction site sidewalk arcades,

fences and barriers throughout the City.

The intent of this program, influenced

by a successful British initiative, is to

help mitigate the impact of construction

projects on area residents and workers,

and support ways to acknowledge

organizations whose worksites are

models of efficiency and attractiveness.

7

FOUNDATIONEVENTS

Annual Theatre Benefit Wine Dinner

New York Building Congress Golf Outing

The Building Foundation’s Annual Theatre Benefit seeks to honor those whose public and

personal accomplishments exemplify exceptional dedication to improving the quality of life of all

New Yorkers. The evening includes a reception/dinner and prime seats at a Broadway show.

Since its inaugural in 2004, the event has raised more than $775,000 for the Foundation.

The Building Foundation’s fundraising

activities include a live auction that

is part of the annual New York

Building Congress Golf Outing.

For the past five years, the Auction

has included luxury vacations and

foursomes at many of the New York

area’s premier golf clubs. Nearly

$150,000 has been raised at

these auctions to benefit

Foundation programs.

Throughout the year, the

New York Building Foundation

holds a variety of events. The

Foundation is able to expand

its research activities,

charitable giving and

educational scholarships

largely due to revenue

generated by the success

of these benefits.

The New York Building Foundation hosts

an Annual Premier Wine Dinner

at The Four Seasons restaurant. The

dinner features an elaborate menu,

paired with a tasting of the finest wines,

donated from the private collections of

Foundation Board Members and friends.

Attendees, many of whom are serious

wine collectors, also have an opportunity

to bid on live auction items, which

include select vintage wines. Proceeds

from the 2011 event supported

the Foundation’s ongoing research

and scholarship programs. Since its

inception, four years ago, the dinner

has raised more than $310,000.

9

The Foundation is grateful

to its many contributors

for the success of its

fundraising events.

Past Honorees include:

Mysore Nagaraja of the Metropolitan Transportation Authority (2004)

Frank Lombardi of the Port Authority of New York & New Jersey (2004)

Kathleen Grimm and William Goldstein of the New York City Department of Education and the School Construction Authority (2005)

John F. Hennessy III of Hennessy & Williamson, who was the Foundation’s founding Chairman (2006)

Peter M. Lehrer of Lehrer, LLC (2007)

D. Kenneth Patton of NYU Schack Institute of Real Estate (2008)

Andrea Wenner and Out2Play (2009)

Contributors to the Foundation’s Construction for a Livable City initiative (2010), including - Bovis Lend Lease, LMB, Inc.,- Brooklyn Bridge Park,- Columbia University Facilities,- F. J. Sciame Construction Co., Inc.,- The Lower Manhattan Construction Command Center, and - Skanska USA Building

FOUNDATIONEVENTS

Annual Theatre Benefit Wine Dinner

New York Building Congress Golf Outing

The Building Foundation’s Annual Theatre Benefit seeks to honor those whose public and

personal accomplishments exemplify exceptional dedication to improving the quality of life of all

New Yorkers. The evening includes a reception/dinner and prime seats at a Broadway show.

Since its inaugural in 2004, the event has raised more than $775,000 for the Foundation.

The Building Foundation’s fundraising

activities include a live auction that

is part of the annual New York

Building Congress Golf Outing.

For the past five years, the Auction

has included luxury vacations and

foursomes at many of the New York

area’s premier golf clubs. Nearly

$150,000 has been raised at

these auctions to benefit

Foundation programs.

Throughout the year, the

New York Building Foundation

holds a variety of events. The

Foundation is able to expand

its research activities,

charitable giving and

educational scholarships

largely due to revenue

generated by the success

of these benefits.

The New York Building Foundation hosts

an Annual Premier Wine Dinner

at The Four Seasons restaurant. The

dinner features an elaborate menu,

paired with a tasting of the finest wines,

donated from the private collections of

Foundation Board Members and friends.

Attendees, many of whom are serious

wine collectors, also have an opportunity

to bid on live auction items, which

include select vintage wines. Proceeds

from the 2011 event supported

the Foundation’s ongoing research

and scholarship programs. Since its

inception, four years ago, the dinner

has raised more than $310,000.

9

The Foundation is grateful

to its many contributors

for the success of its

fundraising events.

Past Honorees include:

Mysore Nagaraja of the Metropolitan Transportation Authority (2004)

Frank Lombardi of the Port Authority of New York & New Jersey (2004)

Kathleen Grimm and William Goldstein of the New York City Department of Education and the School Construction Authority (2005)

John F. Hennessy III of Hennessy & Williamson, who was the Foundation’s founding Chairman (2006)

Peter M. Lehrer of Lehrer, LLC (2007)

D. Kenneth Patton of NYU Schack Institute of Real Estate (2008)

Andrea Wenner and Out2Play (2009)

Contributors to the Foundation’s Construction for a Livable City initiative (2010), including - Bovis Lend Lease, LMB, Inc.,- Brooklyn Bridge Park,- Columbia University Facilities,- F. J. Sciame Construction Co., Inc.,- The Lower Manhattan Construction Command Center, and - Skanska USA Building

CONTRIBUTION GUIDELINES

New York Building

Foundation Research,

Educational and

Philanthropic Opportunities

The By-Laws of the New York

Building Foundation, along

with the basic philanthropic

criteria approved by the

Board of Governors, provide

guidelines to evaluate

proposals for fulfilling the

Foundation’s mission.

By-Laws

The Foundation is organized exclusively for the charitable purposes of: gathering information

and conducting research on the design, construction and real estate industry; soliciting donations

from the public, including members of the industry, of funds or materials or services for further

donation to not-for-profit corporations involved in construction projects for the benefit and welfare

of residents of the State of New York; establishing and awarding scholarship funds in the design,

construction and real estate industry; providing media for the foregoing; and doing any other acts

or things incidental or connected with or in advancement thereof, both as a separate organization

and in cooperation with other tax-exempt national, state and local organizations.

The New York Building Foundation pursues research, educational and charitable opportunities in New York City on behalf of the design, construction and real estate industry for the benefit and welfare of the residents and to enhance the profile and sustainability of the industry. To the extent possible, the Foundation works in cooperation with other national, state and local organizations.

For more information regarding Foundation financial information, please call 212-481-9230.

In 2006, the Board of Governors approved a statement setting forth basic criteria for the Foundation’s philanthropic activities:

At a minimum, grant requests should include the following information:

an overall proposed budget that indicates the percentage being funded by the Foundation;

verification of the non-profit status of the program;

program audit information;

sufficient detail on the project, including its scope, implementation time frame and names of other grantors; and

a commitment to provide a mid-year update on the program after allocation of grant money.

Evaluation Criteria 2010 Financial Statement

The request should be aligned with the Foundation’s mission.

The request should complement the work of the New York Building Congress.

The program requesting the funds should be sustainable, in good standing and capable of bringing the targeted purpose of the requested funds to fruition.

The Foundation will evaluate the commitment of the program’s Board, their background, and history of sound governance in overseeing the program’s expenditure of grant money.

The program requesting the funds should be marketable to other sources of grant money and not too dependent on the New York Building Foundation.

The leader responsible for delivering the program should have a successful record of accomplishment.

The grant request should have measurable outcomes.

Scholarship programs should be for industry-related education and career advancement opportunities.

Charitable opportunities should stimulate additional giving and participation by the industry.

Consistent with the Foundation’s Statement of Purpose and the Criteria Statement, the following guidelines will assist the Board in its evaluation of proposals for Foundation initiatives or support.

Donations to the New York

Building Foundation are tax deductible and may be sent to:

New York Building Foundation44 West 28th Street, 12th floor

New York, NY 10001

Please visit www.nybuildingfoundation.org

for more information.

11

Restricted Funds

UnrestrictedFunds

HennessyFund

DevelopmentProgram

TotalRestricted

FundsGeneral

Fund

TotalAll

Funds

CASH BALANCE BEGINNING OF PERIOD – JAN 1, 2010 15,326 21,632 36,958 362,898 399,856

RECEIPTS:

Golf Fundraiser 2009 2,100 2,100


Theatre 2009 10,500 10,500

Theatre 2010 82,500 82,500

Wine Dinner 2010 67,025 67,025

Contributions 2009 – Publication Cost Reimbursement 3,550 3,550

INTEREST INCOME – ALL FUNDS 39 50 89 1,340 1,429

TOTAL INCOME 15,365 21,682 37,047 548,113 585,160

DISBURSEMENTS:

NYBC Staff Time 24,000 24,000

Consultants Research 2,500 2,500

WTC Memorial Foundation 1,000 1,000

Professional Fees – Accountant 5,550 5,550

Bank Charges 176 176

Publications 13,104 13,104

Meeting Expense 238 238

Construction Outlook Program 30,000 30,000

Fund Raising Wine Dinner 2010 23,934 23,934


Fund Raising Theatre 2010 30,769 30,769

Scholarships 18,500 18,500

Misc/Stationery 2,916 2,916

Grants 52,000 52,000

TOTAL DISBURSEMENTS 0 0 0 209,687 209,687

CASH BALANCE END OF PERIOD – DEC 31, 2010 15,365 21,682 37,047 338,426 375,473

CONTRIBUTION GUIDELINES

New York Building

Foundation Research,

Educational and

Philanthropic Opportunities

The By-Laws of the New York

Building Foundation, along

with the basic philanthropic

criteria approved by the

Board of Governors, provide

guidelines to evaluate

proposals for fulfilling the

Foundation’s mission.

By-Laws

The Foundation is organized exclusively for the charitable purposes of: gathering information

and conducting research on the design, construction and real estate industry; soliciting donations

from the public, including members of the industry, of funds or materials or services for further

donation to not-for-profit corporations involved in construction projects for the benefit and welfare

of residents of the State of New York; establishing and awarding scholarship funds in the design,

construction and real estate industry; providing media for the foregoing; and doing any other acts

or things incidental or connected with or in advancement thereof, both as a separate organization

and in cooperation with other tax-exempt national, state and local organizations.

The New York Building Foundation pursues research, educational and charitable opportunities in New York City on behalf of the design, construction and real estate industry for the benefit and welfare of the residents and to enhance the profile and sustainability of the industry. To the extent possible, the Foundation works in cooperation with other national, state and local organizations.

For more information regarding Foundation financial information, please call 212-481-9230.

In 2006, the Board of Governors approved a statement setting forth basic criteria for the Foundation’s philanthropic activities:

At a minimum, grant requests should include the following information:

an overall proposed budget that indicates the percentage being funded by the Foundation;

verification of the non-profit status of the program;

program audit information;

sufficient detail on the project, including its scope, implementation time frame and names of other grantors; and

a commitment to provide a mid-year update on the program after allocation of grant money.

Evaluation Criteria 2010 Financial Statement

The request should be aligned with the Foundation’s mission.

The request should complement the work of the New York Building Congress.

The program requesting the funds should be sustainable, in good standing and capable of bringing the targeted purpose of the requested funds to fruition.

The Foundation will evaluate the commitment of the program’s Board, their background, and history of sound governance in overseeing the program’s expenditure of grant money.

The program requesting the funds should be marketable to other sources of grant money and not too dependent on the New York Building Foundation.

The leader responsible for delivering the program should have a successful record of accomplishment.

The grant request should have measurable outcomes.

Scholarship programs should be for industry-related education and career advancement opportunities.

Charitable opportunities should stimulate additional giving and participation by the industry.

Consistent with the Foundation’s Statement of Purpose and the Criteria Statement, the following guidelines will assist the Board in its evaluation of proposals for Foundation initiatives or support.

Donations to the New York

Building Foundation are tax deductible and may be sent to:

New York Building Foundation44 West 28th Street, 12th floor

New York, NY 10001

Please visit www.nybuildingfoundation.org

for more information.

11

Restricted Funds

UnrestrictedFunds

HennessyFund

DevelopmentProgram

TotalRestricted

FundsGeneral

Fund

TotalAll

Funds

CASH BALANCE BEGINNING OF PERIOD – JAN 1, 2010 15,326 21,632 36,958 362,898 399,856

RECEIPTS:



Theatre 2009 10,500 10,500

Theatre 2010 82,500 82,500

Wine Dinner 2010 67,025 67,025

Contributions 2009 – Publication Cost Reimbursement 3,550 3,550

INTEREST INCOME – ALL FUNDS 39 50 89 1,340 1,429

TOTAL INCOME 15,365 21,682 37,047 548,113 585,160

DISBURSEMENTS:

NYBC Staff Time 24,000 24,000

Consultants Research 2,500 2,500

WTC Memorial Foundation 1,000 1,000

Professional Fees – Accountant 5,550 5,550

Bank Charges 176 176

Publications 13,104 13,104

Meeting Expense 238 238

Construction Outlook Program 30,000 30,000



Fund Raising Theatre 2010 30,769 30,769

Scholarships 18,500 18,500

Misc/Stationery 2,916 2,916

Grants 52,000 52,000

TOTAL DISBURSEMENTS 0 0 0 209,687 209,687

CASH BALANCE END OF PERIOD – DEC 31, 2010 15,365 21,682 37,047 338,426 375,473

Officers:

Governors Emeriti:

Senior Advisors:

Staff:

Governors:

Chairman: Dominick M. Servedio, STV Group, Inc.

Vice Chairmen: Jay Badame, Tishman Construction Corporation Jane A. Chmielinski, AECOM Technology Corp. George E. Leventis, Langan Engineering & Environmental Services, P.C. J. Robert Mann Jr., E-J Electric Installation Co.

President: Richard T. Anderson, New York Building Congress

Treasurer: Gregory A. Kelly, PB

Secretary: Husam Ahmad, HAKS

General Counsel: Michael K. De Chiara, Zetlin & De Chiara, LLP

Past Chairmen: John F. Hennessy III, Hennessy & Williamson Richard L. Tomasetti, Thornton Tomasetti

Joan Blumenfeld, Perkins & Will

James T. Callahan, International Union of Operating Engineers, Local 15, 15A, 15B, 15C, 15D

Jeffery R. Capazzi, The Jobin Organization, Inc.

Arthur S. Doerner, Component Assembly Systems, Inc.

Jonathan S. Drescher, The Durst Organization

Christian Esteban, A. Esteban & Company

Michael Feigin, Weeks Marine

Anthony Florez, Sirina Fire Protection Corp.

Andy Frankl, IBEX Construction

William J. Gilbane III, Gilbane Building Company

Louis C. Grassi, Grassi & Co. CPA’s, P.C.

Kenneth D. Levien, Levien & Company, Inc.

John N. Lieber, Silverstein Properties

David W. Marino, Allied North America

Cheryl McKissack Daniel, McKissack & McKissack

Richard Minieri, ASM Mechanical Systems

Joseph Mizzi, F. J. Sciame Construction Co., Inc.

Mark Moran, Ingersoll Rand Security Technologies

Robert W. Mullen, Structure Tone, Inc.

Raymond Quartararo, Jones Lang LaSalle

Denise M. Richardson, The General Contractors Association of New York, Inc.

Porie Saika-Eapen, CH2M Hill

Gary Segal, Five Star Electric

Floyd Warkol, KSW Mechanical Services, Inc.

Sandra C. Wilkin, Bradford Construction Corp.

Jeffrey M. Levy, RailWorks Corporation

Jack Rudin, Rudin Management Company, Inc.

F.H.(Bud) Griffis, Polytechnic Institute of NYU

D. Kenneth Patton

Cathy A. DelliCarpini-Kruse, Senior Vice President/COO

Andrew S. Hollweck, Vice President–Policy and Programs

Jeanine M. Badalamenti, Events Director

Sheri J. Bell, Finance Director

Dawn M. Rubino, Programs Director

Robert Chapman III, Membership & Database Manager

Yesenia Hernandez-Brito, Executive Coordinator

Provided to the Foundation by the New York Building Congress

The New York Building Foundation thanks Parsons Brinckerhoff for design services, and Grassi & Co. CPA’s, P.C. and The Jobin Organization for underwriting the printing of this publication.

Published 6/2011



New York Building FoundationNew York Building Congress

44 West 28th Street, 12th FloorNew York, NY 10001Tel. 212.481.9230Fax. 212-481-9290

www.nybuildingfoundation.org

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