The Hutton Parker Foundation has, from its inception, always been about innovation, leadership and maximized effectiveness within the nonprofit sector. We feel our efforts have not only affected individual nonprofit organizations, but are also relevant to Foundations and other funding sources. Despite the lasting downturn in the economy, Hutton Parker Foundation continues to demonstrate our ability to maximize investment of our assets directly into our community and local nonprofit sector.
We continue to identify and acquire appropriate office building and other real estate at attractive prices for nonprofit use. Hutton Parker Foundation currently owns and operates 17 buildings housing more than 90 nonprofit organizations. We have found that the shared facilities and reduced rent offered in these facilities is extremely valuable to our nonprofit organizations and is a direct link to their operation stability and programmatic sustainability.
We have also found that these investments have proven extremely beneficial to the Foundation. The rents collected from our nonprofit tenants supply a steady flow of income helping to fund and sustain our own granting resulting in more than 150 awards to local nonprofit organizations annually.
Hutton Parker is a huge proponent of asset base investing for Foundations. This has been our practice for more than 16 years with demonstrated, very positive results. And, it is our hope, other local, regional and even national foundations begin to recognize and acknowledge these benefits by similarly allocating assets within their own local nonprofit communities.
With warm regards,
Thomas C. Parker
PRESIDENT
