a simple vision
In 1963, Saul and Dayee Haas attended a parents'
open house at Garfield High where their daughter
Deesa was a student. They discovered the school
struggled to meet some critical needs of disadvantaged
students, which jeopardized their ability to participate
and remain in school. So Saul Haas wrote a check
for $500 and gave it to principal Frank Hanawalt, to do that which otherwise
would not be timely done. From that gesture evolved the vision of the Haas
Foundation…to help promising young people at critical times in their lives.
Over the years, many have shared the Haas' commitment. As part of the
board for more than 35 years, I've personally witnessed the impact of this
simple, but powerful vision. Evidence of success is widespread. One student
who received Haas Foundation assistance became a judge. Another became
a legal counsel for the U.S. Department of Health, Education and Welfare in
Washington, D.C. Many have become teachers in our schools.
Today, volunteers and donors, educators and students, continue to believe
in the power of education. This year’s annual report reflects the legacy of the
Haas' vision and celebrates the promise that education, and Haas school
funds, holds for needy students across Washington—a better future.
Jon Galt Bowman
President, Board of Directors
Saul & Dayee G. Haas Foundation
2
our commitment
It is my pleasure to serve as your Executive
Director. What a treat my experience has been this
past year. I could not ask for a better staff, board or
group of volunteers. In addition, the dedication that our
school partners have exhibited is truly remarkable.
The Saul & Dayee G. Haas Foundation is, in my opinion, a catalyst. We
provide small portions of funding annually to more than 800 eligible schools.
This past year alone, 588 schools distributed funds within their learning
community. In addition to being a catalyst, we are an equalizer. Self-selecting
out of sports, music or even attending school is far too common. We prefer
preventative actions to corrective ones. Without Haas Foundation funds, many
students would not be as engaged in school as they could or should be. Many
others would not have been able to stay in school. We believe that each child
deserves a better future and that as a community it is important to be
responsive to their unmet needs.
I'm proud of our Foundation's accomplishments this year and we remain
grateful to our board, donors, volunteers and school partners. We're providing
this 2004-05 report on our stewardship in the hope that you will continue to be
part of our pursuit to improve students' educational opportunities in Washington.
Bonnie Hilory
Executive Director
Saul & Dayee G. Haas Foundation
206.370.6714
3
student stories
Inspiring stories of…
Hope…When a student's ailing mother was
moved into a health care home and he had no way
to visit her, his grades and interest in school began
to slip. The Haas School Fund provided two
months of bus fare and he was able to visit his
mother regularly. Now with her encouragement, he
is back on the right track with his life and school.
From Mountain View High School
Strength…An 8th grade girl lives with her sister.
She is low-income, disabled and doesn’t have a lot
of clothing. While participating in a leadership
assembly, her knee gave out and was dislocated.
Emergency workers had to cut her pants to help
her. We used Haas funds to buy her new pants.
From Carbonado School
Courage…A senior student lost his mother during
the school year. He was forced to live on his own
while working and going to school. We used Haas
funds to pay his classroom fees so he could graduate
on time and receive his diploma.
From Castle Rock High School
4
fund distribution
Below you'll find an overview of the Haas Foundation statewide grants by category for 2004-2005.*
Trips/Group Activities
23%
Supplies/Fees
25%
Health Support
3%
Academic Support
15%
Activity Support
16%
Personal Needs
18%
Health Support
Sports Physical/Insurance
Eye Care/Exams/Glasses
School Accident Insurance
Doctor/Dentist Fees
Medication
Counseling Fee s
Health Exams
Hospital/Surgery
Hearing Care/Exams/Aids
Other
Personal Needs
56%
14%
6%
5%
3%
2%
2%
2%
1%
9%
Supplies/Fees
Industrial Arts
P.E.
Misc. Classroom Needs
Textbooks/Workbooks
Home Ec
Library /Book Fines
Other School Fines
Other
Clothes
Yearbook
Transportation
Shoes/Boots
Breakfast/Lunch Programs
Coats/Raingea r
Haircuts/Grooming Supplie s
Baby Supplies, Day Care
Charge
Other
Academic Support
42%
21%
9%
6%
6%
4%
1%
1%
1%
10%
Activity Support
20%
15%
13%
13%
5%
3%
1%
31%
Music/Drama Uniforms, Instr uments
Footb all/Basketball Uniforms , Shoes
Sports Camps/Tournaments
Cheerleade rs/Drill Te am Uniforms, Shoes
Other Uniforms/Shoes/Fees
Other School Activities
Other Sports Activities
Summer School /Night School
Graduation Expenses
Testing Fees
Driver's Educati on/Traffic Safety
Remedial Classes
Incentives
College A pplication Fees
Tutoring
Other Fees/Special Services
33%
20%
14%
3%
3%
3%
2%
2%
19%
Trips/Gro up Activities
13%
13%
8%
4%
29%
22%
10%
Activity Group Trip/Camps/Luncheon s
Activity Card
Class Field Trips
Conferences/Conventions
Other Special Program Fees
28%
41%
12%
5%
14%
*Amounts include matching funds raised by schools and any unused funds from previous fiscal year.
5
key accomplishments
Personnel
• Search Committee hired Bonnie Hilory in January 2005 as
Executive Director. Bonnie promoted to first full-time
Executive Director July 6, 2005.
• Honored Frank Hanawalt, former Executive Director in a
ceremony at Garfield High School celebrating his more than
19 years of dedication to education and the Haas Foundation.
Frank was elected to the Board of Directors in May.
• Reorganized the Foundation office to accommodate a
volunteer workstation.
• Recruited and trained 15 key volunteers specializing in IT/web
support, grant writing, newsletter, database development and
office support.
• Beginning in January of 2005 through September 2005, we
received support from 15 active volunteers who provided 400
hours of service. This equates to a savings of $7,020 based
on $17.55 per hour volunteerd.
• Established an internship position to support the Foundation.
This is a 6-month internship focused on Development.
Infrastructure
• Developed a strategic 3-year plan by collaborating with the
Disappearing Task Force Committee and Board. Board
adopted this plan in May.
• Refined and clarified the process for distributing funds to
schools, awarding matching grants, and year-end reporting.
Board adopted a new scorecard method in July.
• Initiated the process of creating tools for developing grants
and cultivating donors, including purchasing software to
manage this new initiative. Purchased new software package
that aligns with QuickBooks and can accommodate
development, donor, and volunteer tracking 24/7.
• Built computer network infrastructure incorporating latest
technology and best practices. Foundation software is now
backed up weekly.
• Changed the name of Haas Heritage Board to Haas Heritage
Advisory Council, and clarified roles and expectations
6
key accomplishments
Marketing/Branding
• Developed a new brand for the foundation, which depicts the
core values identified in the strategic plan.
• Initiated presentations to community organizations to introduce
Haas Foundation, increase our visibility and to begin the donor
cultivation process.
• Launched enhanced website - www.haasfoundation.org featuring information about the Foundation (history, mission,
goals), Adopt-a-School program, online donation, volunteer
opportunities, and e-newsletter registration.
• Created PowerPoint presentations to help promote the
Foundation.
Communication with Schools
• Implemented orientation meetings with more than 300 school
coordinators in 9 Educational Service Districts (ESD), increasing
awareness of the Foundation's Adopt-a-School and matching
grants program.
• Recruited 20+ Haas School Fund Coordinators for the newly
formed Haas Educators Ambassador Program (HEAP).
• Launched an Educator e-newsletter targeting 812+ schools to
create and encourage better communication.
• Launched an e-newsletter for Friends of the Saul & Dayee G.
Haas Foundation.
Development
• Pursued in-kind sponsorship grants securing commitments from
several donors.
• Sponsored and attended the Edward R. Murrow Symposium for
the 25th year anniversary. This event honors Saul Haas and his
career in Journalism. The day is filled with workshops for college
students from WSU and Idaho campuses.
• Achieved 100% contribution support from Board and Staff,
increasing annual fund giving 64%.
• In 2004-2005, we supported students across the state in 588
schools with $279,208 in grants and $46,896 in matching grants.
7
regional events
Edward R. Murrow Symposium
The Haas Foundation sponsored and
attended this symposium for the 25th year.
This event honors Saul Haas and his career
in Journalism. The day is filled with
workshops for college students from WSU
and Idaho campuses.
Spring 2005 Orientation Meetings
Dave Ross
We conducted orientation meetings with more
than 300 school coordinators in 9 ESDs,
increasing awareness of the Foundation's Adopta-School and matching grants program.
Edward R. Murrow Symposium 2005 at
Washington State University.
Emory Bundy (right), Haas Board member,
congratulates Yakima School Fund
Coordinator Shawn John (left), recipient
of one of the extra $110 fund awards.
During May and June, Foundation staff and Board members traveled
around the state meeting 313 school fund coordinators.
8
special memories
Garfield/Franklin High School
Tribute to Frank Hanawalt
Frank Hanawalt, retired executive director of
the Haas Foundation and principal of Garfield
and Franklin High Schools in Seattle, was
honored in a special ceremony on April 7,
2005, at Garfield High School.
Mr. Hanawalt received a standing ovation from
over 1,200 students, colleagues and dignitaries.
“Mr. Hanawalt is proof that
one individual can make a
difference,” Raj Manhas,
Seattle Public School’s
Superintendent
Karel Cipra, Garfield Associated Student Body President,
presented Frank with Garfield High memorabilia as a
tribute from the students.
Executive Director Recognition Dinner
The board honored Frank Hanawalt for his
dedication, leadership and contributions serving
nearly 20 years as the Haas Foundation's Executive
Director. They also welcomed the Foundation’s new
Executive Director, Bonnie Hilory.
Sue Russell reminiscences with
Frank about special memories
of their service together at the
Foundation.
Jon Galt Bowman, Haas Foundation Board President,
presented Mr. Hanawalt with a plaque honoring his many
years of service.
9
foundation support
Pro Bono Support
Preston-Gates-Ellis, Alan Wicks
Branch, Richards & Co.
In-Kind Sponsors
Google, Ad Word
Accretive, Network Host
Mike Koss, Server Space
Melody Hazen, Photo Artwork
Saravan Paramashivan, Technology Supplies
Kevin Talbot, Volunteer Gifts
Donors
iSOLD It
Jon Galt Bowman
Emory Bundy
Hon. Betty B. Fletcher
Dr. Carver Gayton
Ruth Gerberding
R. Danner Graves
Frank S. Hanawalt
Bonnie B. Hilory
Hon. Charles V. Johnson
Tom Lord
John Mackenzie
Richard (Dick) McCormick
Lee A. Miller
George P. Moynihan
Roger D. Percy
Susan C. Russell
Heritage Advisory Council
Maurice (Maury) Clark
Ellen Dial
Duff Kennedy
Shirley Salomon
Alan Wicks
Colleen S. Willoughby
2004-2005 Board of Directors
Jon Galt Bowman……………
Dr. Carver Gayton………..…
Deesa M. Haas……………...
Lee A. Miller…………………
Emory Bundy
Hon. Betty B. Fletcher
Ruth Gerberding
R. Danner Graves
Frank S. Hanawalt
Hon. Charles V. Johnson
Tom Lord
John Mackenzie
Richard (Dick) McCormick
George P. Moynihan
Roger D. Percy
President
Vice-President
Secretary
Treasurer
Foundation Staff
Bonnie B. Hilory………………
Susan C. Russell…………….
Executive Director
School Fund Manager
Volunteers
Macy Cross……………………
Kazu (Yoshikazu) Funato……
Clary Goedert-Gasper……….
Caren Gussoff………………..
Melody Hazen………………...
Sharrie Hyder…………………
Pam Jones……………………
Inga Jugurt……………………
Chuck (Arthur) Kirchmeier……
Holly Knowles………………….
Francis LeSourd……………….
Heather Mehaffie………………
Chloe Moss…………………….
Anthony Nirschl………………..
Saravan Paramashivan………
Cindy Roberts………………….
Carolyn Storie………………….
Velle Wright…………………….
Geoff Yamasaki………………..
Detective-Absent Schools
Development Director
Database Support
Grant Writer
Presentation/Annual Report
Grant Writer
Office Support
Database Guru
Graphic Designer
Research/Office Support
Grant Writer
Copy Editor
Presentation Support
Volunteer Coordinator
IT Support
Newsletter Editor
Grant Research/Event Support
Grant Writer
Grant Writer
About Saul Haas (1896-1972)
Saul Haas left the New York ghetto for the Pacific Northwest with ambitious dreams that he realized in a full, occasionally
controversial, life as a journalist, political activist, and pioneering broadcaster. The founder of KIRO radio and a power in
Washington Democratic politics, Haas was complex and contradictory, self-educated and variously described as brilliant,
irascible, compassionate, and a benevolent despot — or sometimes not so benevolent. While building KIRO into a powerful
station, he remained immersed in politics, serving as state director of the Democratic National Campaign Committee. Haas saw
great promise in public television as an educational tool and in 1968 was appointed to the Corporation for Public Broadcasting's
first board of directors. He had a lifelong empathy for the underprivileged and formed the Saul and Dayee G. Haas Foundation to
aid needy students. The Saul and Dayee G. Haas Foundation was founded in 1963, and is celebrating it’s 42nd year of service
supporting over 15,000 of Washington’s young people annually.
10
CPA report
ACCOUNTANT’S REPORT
Board of Directors
The Saul and Dayee G. Haas Foundation (a corporation)
We have reviewed the accompanying statement of net assets arising directly from cash transactions of The Saul
and Dayee G. Haas Foundation (a corporation) (the “Foundation”) as of June 30, 2005, and the related
statements of revenue collected, contributions and expenses disbursed, and changes in net assets for the year
then ended in accordance with Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants. All information included in these financial statements is the
representation of the Foundation’s management.
A review consists principally of inquiries of Company personnel and analytical procedures applied to financial
data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the
objective of which is the expression of an opinion regarding the financial statements taken as a whole.
Accordingly, we do not express such an opinion.
As described in Note 2, these statements were prepared on the basis of cash receipts and disbursements, which
is a comprehensive basis of accounting other than accounting principles generally accepted in the United States
of America.
Based on our review, we are not aware of any material modifications that should be made to the accompanying
financial statements in order for them to be in conformity with the basis of accounting described in Note 2.
The financial statements for the year ended June 30, 2004, were audited by us, and we expressed an
unqualified opinion on them in our report dated October 28, 2004 but we have not performed any audit
procedures since that date.
Branch, Richards & Co.
Seattle, Washington
August 5, 2005
STATEMENTS OF NET ASSETS ARISING DIRECTLY FROM CASH TRANSACTIONS
JUNE 30, 2005 AND 2004
2005
2004
(Unaudited)
ASSETS
Cash
$ 1,131,730
$ 1,032,630
Treasury notes (fair value, $3,472,258 and $3,454,127)
2,837,161
3,037,206
Bonds (fair value, $1,273,727 and $1,394,317)
1,072,833
1,322,423
Equity securities (fair value, $2,902,440 and $2,329,894)
1,985,119
1,636,525
8,374
8,374
7,035,217
7,037,158
255,992
310,545
TOTAL ASSETS
$ 7,291,209
$ 7,347,703
UNRESTRICTED NET ASSETS
$ 7,291,209
$ 7,347,703
Investment securities—at cost:
FNMA mortgage-backed securities (fair value, $ 4,980 and $ 7,360)
Note receivable
11
CPA report
STATEMENTS OF REVENUE COLLECTED, CONTRIBUTIONS
AND EXPENSES DISBURSED, AND CHANGES IN NET ASSETS
FOR THE YEARS ENDED JUNE 30, 2005 AND 2004
2005
2004
(Unaudited)
REVENUE AND SUPPORT:
Interest
$
278,942
$
302,379
Gain on sale of investments
41,603
199,789
Dividends
64,276
62,570
Contributions
19,250
13,150
404,071
577,888
326,354
375,174
10,000
10,000
336,354
385,174
Salaries
53,676
42,425
Office (printing, telephone, and other)
21,577
8,042
Rent
9,600
8,800
Legal and audit fees
8,303
6,000
Federal excise tax
1,876
Payroll taxes
5,568
3,270
Employee health plan
5,620
4,859
Employee retirement plan
7,468
3,862
Meetings
4,540
2,669
Parking and travel
5,157
3,081
826
826
Total contributions and expenses
460,565
468,586
(DECREASE)/INCREASE IN NET ASSETS—Unrestricted
(56,494)
109,302
7,347,703
7,238,401
$ 7,291,209
$ 7,347,703
Total revenue
CONTRIBUTIONS AND EXPENSES:
Contributions:
Schools
Other
Expenses:
Insurance
(422)
NET ASSETS—Unrestricted:
Beginning of year
End of year
12
CPA report
NOTES TO CASH-BASIS FINANCIAL STATEMENTS
FOR THE YEARS ENDED JUNE 30, 2005 AND 2004
NOTE 1 - DESCRIPTION OF ORGANIZATION PURPOSE
DESCRIPTION OF ORGANIZATION
The Saul and Dayee G. Haas Foundation (a corporation) (the "Foundation") was originally
organized as a trust on June 25, 1963, and received its initial contribution of assets from Mr.
Saul Haas. On November 10, 1971, the Foundation was incorporated under the laws of the
state of Washington, and all of the assets of the trust were assigned to the corporation on
December 1, 1972. Mr. Haas passed away on October 17, 1972, and the Foundation
subsequently received contributions from his estate totaling $2,772,641. On October 22,
1974, the Foundation changed it name to The Saul and Dayee G. Haas Foundation. Mrs.
Haas passed away on December 16, 1983, and the Foundation subsequently received
contributions from her estate totaling $1,829,500. During the fiscal year ended June 30,
1989, the Foundation received the final distribution of cash of $17,374 from Mrs. Haas' estate.
The purpose of the Foundation is to contribute moneys, generated through investments of the
Foundation's corpus, primarily to junior and senior high schools throughout the state of
Washington to assist students to stay in school and to realize their full potential. The
Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal
Revenue Code.
NOTE 2 - BASIS OF REPORTING
The financial statements of the Foundation are prepared on the cash basis of accounting.
Consequently, revenue and related assets are recognized when received rather than when
earned; contributions and expenses are recognized when paid rather than when the obligation
is incurred; and increases or decreases in the market value of investment securities and
amortization of bond discounts and premiums are not reflected in the financial statements.
The financial statements do not include accrued interest income of approximately $63,031
and $72,619 at June 30, 2005 and 2004, respectively. Further, no separate statement of cash
flows is provided because the information is included in the cash-basis statements of revenue
collected, contributions and expenses disbursed, and changes in net assets.
Investment securities, except for equity securities, are carried at cost. Equity securities are
carried at cost or, if donated, at market value on the donation date.
NOTE 3 – NOTE RECEIVABLE
The Foundation has a note receivable that is collateralized by a real estate deed of trust. The
note requires monthly payments in the amount of $6,300, including interest at 7.5% and
principal, through June 1, 2009, at which time the remaining balance is to be paid in full.
13
CPA report
NOTE 4 – MANDATORY INCOME DISTRIBUTIONS
The 1969 Tax Reform Act, as amended by the Economic Recovery Tax Act of 1981, provides
that for taxable years beginning after 1981, a private foundation is required to distribute its
minimum investment return (5% of the Foundation's net investment assets less federal excise
tax) within the year received or the following year or be subject to a 15% first-level tax on its
undistributed income. Amounts distributed in excess of the required minimum in prior years
reduce the current year's required minimum distribution. The Foundation has met or exceeded
the required minimum distribution in prior years and at June 30, 2005, has an excess
distribution carryover of $130,656.
NOTE 5 – INVESTMENT SECURITIES
At June 30, 2005, the fair value of the Foundation's investment in equity securities exceeded
cost by $991,719. Gross unrealized gains at that date were $1,097,887.
The Foundation purchased investment securities aggregating $683,485 and $1,272,280 in
2005 and 2004, respectively. The Foundation sold or redeemed investment securities
aggregating $326,495 and $761,360 in 2005 and 2004, respectively. Gain or loss on the sale
of investments is calculated using the specific identified cost method.
A summary of the Foundation's investment in bonds (principally corporate) at June 30, 2005,
is as follows:
Maturity
Due in one to five years
Due in over 6 years
Par Value
Cost
Interest Rate
$ 225,000
875,000
$ 204,356
868,477
$ 1,072,833
5.9 - 7.0%
6.25 - 7.15%
A summary of the Foundation's investment in treasury notes at June 30, 2005, is as follows:
Maturity
Par Value
Cost
Interest Rate
Due in one to five years
Due in over 6 years
$ 900,000
1,975,000
$ 895,353
1,941,808
$ 2,837,161
2.68 - 6.5%
4.25 - 8 %
The FNMA mortgage-backed security with a cost of $8,374 bears interest at 7% and has a
stated maturity date of 2010.
NOTE 6 – EMPLOYEE RETIREMENT PLAN
On October 31, 2001, the Board of Directors adopted and implemented a Simple Employee
Pension Plan ("SEP IRA") under Section 408(k) of the Internal Revenue Code beginning with
the 2001 - 2002 fiscal year. The amount of the Foundation's annual contribution to each
employee's SEP IRA shall be 10% of the employee's annual compensation. Contributions
totaled $7,468 in 2005.
14
The Saul & Dayee G. Haas Foundation is a tax-exempt 501(c)(3) privately funded foundation.