2010 Annual Report - The Champlin Foundations

THE CHAMPLIN FOUNDATIONS
“…The future of our State and Country will depend
on the young people who will eventually be running the
Country, as well as its industries, and making the
discoveries and inventions of the future. Whatever can
be done to help them develop physically and mentally in
the right direction will make this a better place in which
to live...”
George S. Champlin
[excerpt from a letter written September 12, 1964]
2010 Annual Report
The Champlin Foundations
2010 Annual Report
CONTENTS
th
Campership Program – 20 Year
Camp Ramsbottom Photographs - 1994
Selected Financial Information
2010 Grant Allocation
Distribution Committee Members/Trustee
Champlin Family
2010 Grants
Camperships – 20 Years
Though The Champlin Foundations have always specialized in capital funding, there have been a few
exceptions.
During the credit union crisis of 1991, our Distribution Committee was concerned that many Rhode Island
families would be unable to send their children to summer camp.
The decision was made to provide camps in Rhode Island with funds that could be used as scholarships, or
“Camperships”, so that young people in financial need could still attend.
While George S. Champlin did not have any children, the Committee was confident he would have approved
as he was always deeply committed to the care and well-being of young people.
Twenty years later, the program continues with grants totaling over $10,000,000 having been made for this
purpose. These funds have allowed an average of 6,000 children per year to enjoy the many benefits that
come from spending time outdoors at summer camps throughout Rhode Island as well as Eastern
Connecticut and southeastern Massachusetts.
Over thirty camps operated by nonprofit organizations serving Rhode Island youth have received our
support. Many of these organizations have also been recipients of Champlin grants in support of capital
improvement projects at their camp facilities.
Recently we came across a scrapbook given to the Foundations by the Boys & Girls Club of Pawtucket
commemorating the 1994 camping season at Camp Ramsbottom. It contains photographs and memorabilia
of some of the first children to benefit from the Campership program. They are adults now, but doubtless
remember the fun and enjoyment of that long ago summer made possible in part by George S. Champlin’s
philanthropy.
Keith H. Lang, Executive Director
THE CHAMPLIN FOUNDATIONS
SELECTED FINANCIAL INFORMATION
Years ended December 31, 2010 and 2009
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
ASSETS
Cash
Investments, at fair value
Other assets
TOTAL ASSETS
LIABILITIES AND NET ASSETS
Accrued expenses
TOTAL LIABILITIES
NET ASSETS
TOTAL LIABILITIES AND NET ASSETS
CONSOLIDATED STATEMENTS OF ACTIVITIES
REVENUES AND GAINS
Contributions
Investment income
Other income
Realized gains (losses) on investments
Unrealized gains on investments
TOTAL REVENUE AND GAINS
EXPENSES
Net grants
Executive committee expenses
Distribution committee expenses
Investments commissions and fees
Federal excise tax
TOTAL EXPENSES
INCREASE IN NET ASSETS
NET ASSETS, BEGINNING OF YEAR
NET ASSETS, END OF YEAR
2010
2009
$
26,778,681
368,385,334
61,074
$ 395,225,090
$
$
$
17,664
17,664
395,207,426
$ 395,225,090
44,927,725
339,384,378
53,941
$ 384,366,044
619
619
384,365,425
$ 384,366,044
2010
$
6,514,689
68,945
6,142,340
18,547,758
31,273,732
16,961,318
1,142,800
37,000
2,111,806
178,806
20,431,731
10,842,001
384,365,425
$ 395,207,426
2009
$
10
9,175,173
125,292
(16,086,327)
71,152,618
64,366,767
14,897,600
1,066,530
35,000
1,837,858
149,072
17,986,060
46,380,706
337,984,719
$ 384,365,425
THE CHAMPLIN FOUNDATIONS
GRANT ALLOCATION
Years ended December 31, 2010 and 2009
CATEGORY
Youth/Fitness
Hospitals/Healthcare
Education
Social Services
Open Space/Environment/Parks
Libraries
Historic Preservation
Cultural/Artistic
Animal Humane
Miscellaneous
TOTAL
$
$
GRANTS
3,620,665
3,386,920
3,326,885
1,963,620
1,628,235
1,291,865
1,131,730
664,355
50,290
10,000
17,074,565
2010
21%
20%
19%
11%
10%
8%
7%
4%
0%
0%
100%
Youth/Fitness
Hospitals/Healthcare
Education
Social Services
Open Space/Environment/Parks
Libraries
Historic Preservation
Cultural/Artistic
Animal Humane
Miscellaneous
DISTRIBUTION COMMITTEE
Jonathan K. Farnum
John Gorham
Timothy N. Gorham, Esq.
Louis R. Hampton
Dione D. Kenyon
Robert W. Kenyon
Lisa P. Koelle
Keith H. Lang
Marie J. Langlois
H. Peter Olsen, Esq.
Reverend Rebecca L. Spencer
TRUSTEE & MONEY MANAGER
PNC Bank, Delaware
2009
18%
16%
19%
9%
8%
17%
9%
4%
0%
0%
100%
By letter dated September 12, 1964, George S. Champlin, Florence Champlin Hamilton and Hope Champlin
Neaves outlined for the Distribution Committees their collective philosophy on charitable giving.
With the passing of the last Champlin sibling in 1987, the sentiments expressed in the following excerpts
from this letter continue to be referenced by the Committee in its work, helping to keep alive the spirit of
philanthropy practiced by this remarkable Rhode Island family.
______________________________________________________________________
September 12, 1964
“To the Members of the Distribution Committees of the Champlin
Foundations
A desire has been expressed for suggestions from the Grantors
outlining their wishes in regard to the Foundations so that in future
years these will be a guide in helping the Distribution Committees of the
Foundations to carry out the wishes of the Grantors…
…One of the main objects of giving should be to help people to help
themselves.
…The future of our State and Country will depend on the young
people who will eventually be running the Country, as well as its
industries and making the discoveries and inventions of the future.
Whatever can be done to help them develop physically and mentally in
the right direction will make this a better place in which to live.
The elderly and sick should also have consideration as there are
times when these people through no fault of their own are unable to take
care of themselves…
…It is believed that…, in general, the Foundations should provide
capital funds for needed development rather than to provide funds for
general operating expenses…
…It is the sincere wish of the Grantors that these Foundations may
continue to offer help to the helpless and hope to the hopeless in the future
as we believe that they have done in the past and we feel confident that
under the direction of men and women of good will, this will continue to
be done.”
Wife & Children of George Byron Champlin
GEORGE S. CHAMPLIN (top)
HOPE CHAMPLIN NEAVES (center)
FLORENCE CHAMPLIN HAMILTON (left)
CARRIE PABODIE CHAMPLIN (right)
Photo taken approximately 1897
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
ANIMAL HUMANE SOCIETIES
Providence Animal Rescue League
Providence, RI
new vehicle
21,615
RI Society for the Prevention of Cruelty to Animals
Riverside, RI
pickup truck
28,675
2 Animal Humane Grants
50,290
CULTURAL/ARTISTIC
Alliance Francaise de Providence
Providence, RI
mortgage debt reduction
17,500
Bristol Art Museum
Bristol, RI
renovations to the Carriage Barn at Linden Place to create a gallery space
125,000
Coastline Show Chorus
Providence, RI
risers, steps & back rails and CD/DVD duplicator system
3,660
Courthouse Theater Company
Wakefield, RI
lighting control & operation system
8,315
Sandra Feinstein-Gamm Theatre
Pawtucket, RI
lighting equipment
49,000
New Urban Arts
Providence, RI
Art Documentation Station in the studio & gallery
7,860
Newport Art Museum
Newport, RI
storm windows for Griswold House
39,000
RI Philharmonic Orchestra & Music School
East Providence, RI
toward the cost of a new keyboard lab at the Music School
70,000
Rhode Island School of Design
Providence, RI
HVAC improvements for the upper floors of the Radeke Building
250,000
Page 1 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
2nd Story Theatre
Warren, RI
exterior renovations
26,200
South County Museum
Narragansett, RI
repairs to porch roof of the Visitor Center
25,000
Trinity Repertory Company
Providence, RI
stage related safety upgrades and elevator repair
42,820
12 Cultural/Artistic Grants
664,355
EDUCATION
Barrington Middle School
Barrington, RI
technology for writing centers
73,275
Brown University
Providence, RI
towards the construction of the library at the new Alpert Medical School; Champlin Undergraduate
Scholars; Champlin Medical Scholars; and The George S. Champlin Memorial
Stamp Collection
1,700,000
Lindsay Ann Burke Memorial Fund
North Kingstown, RI
"Safe Dates" curriculum materials; 2 laptops; a digital camera; and a projector lamp
12,100
Chariho Regional Middle School
Wood River Junction, RI
equip a foreign language laboratory
99,950
College Visions
Providence, RI
computers and furniture for the new community room
21,745
Community Preparatory School
Providence, RI
mobile computer lab
20,000
Exeter-West Greenwich Junior High School
West Greenwich, RI
technology related to the creation of an "Augmented Reality Media Lab Station"
29,770
International Yacht Restoration School
Newport, RI
equipment for the Composites Technology program
35,000
Page 2 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
Martin Middle School
East Providence, RI
SmartBoard technology for math classrooms
49,920
New England Institute of Technology
East Greenwich, RI
technology and furniture to equip an interactive classroom
45,370
Portsmouth Middle School
Portsmouth, RI
technology and equipment to create a keyboard/computer lab for the Music Department
42,560
Rhode Island Bar Foundation
Providence, RI
in support of the Thomas F. Black, Jr. Memorial Scholarship Fund
25,000
Rhode Island College
Providence, RI
improvements to laboratory facilities in the Clarke Science Building
257,100
Riverside Middle School
East Providence, RI
SmartBoard technology for math classrooms
49,920
Saint Raphael Academy
Pawtucket, RI
lighting & sound equipment for the campus theater
29,710
Textron Chamber of Commerce Academy
Providence, RI
towards the "Expanding the Possibilities" Capital Campaign being conducted by the Fund for UCAP
75,000
University of Rhode Island Foundation
Kingston, RI
Electronic Health Record for Integrated Pharmacy Practice Laboratory; 3D Center for Biomedical Sciences:
Animation, Visualization & Printing; Inkjet Fabric Printing System for Apparel Design Studio; Acquisition of a
High Performance Liquid Chromatography - Mass Spectroscopy Instrument; and Bringing Global Climate Change
to the Classroom
593,050
Urban Collaborative
Providence, RI
towards the 3.5M "Expanding the Possibilities" Capital Campaign
75,000
Woonsocket Middle School
Woonsocket, RI
microscopes and "LabQuest" mini-laptops with probeware to be used in Science curriculum
92,415
20 Education Grants
3,326,885
Page 3 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
SOCIAL SERVICES
Bethany Home
Providence, RI
construction of a waterline into facility & installation of a sprinkler system
87,660
Episcopal Housing Foundation of RI
Providence, RI
new windows in resident rooms at Hallworth House
68,000
Kent Hospital
Warwick, RI
towards the cost of renovations of the surgical patient care unit
250,000
Northwest Community Healthcare – WellOne
Pascoag, RI
towards the cost of expansion of the Pascoag medical facility
275,000
Providence Community Health Centers
Providence, RI
towards the cost of a new community health center in South Providence
500,000
Rhode Island Blood Center
Providence, RI
towards the cost of a new bloodmobile
128,000
Rhode Island Hospital
Providence, RI
neurosurgical equipment
850,000
South County Hospital
Wakefield, RI
towards the cost of an upgraded CT Scanner
150,000
St. Joseph Health Services of Rhode Island
North Providence, RI
renovation and expansion of the Rehabilitation Center at Fatima
218,000
Thundermist Health Center
Woonsocket, RI
towards the cost of a new community health center in West Warwick
300,000
United Methodist Elder Care
East Providence, RI
hospital beds and mattresses
54,000
Visiting Nurse Services of Newport & Bristol Counties
Portsmouth, RI
equipment related to the Respiratory Disease Management program; INRatio Protime monitoring system;
Diabetes Disease Management program; equipment for the Community Health Clinics
14,830
Page 4 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
VNA of Care New England
Warwick, RI
technology associated with the Horizon Homecare Web Chart
48,065
VNS Home Health Services
Narragansett, RI
patient assessment equipment & clinical bags
16,665
Roger Williams Medical Center
Providence, RI
towards the purchase and installation of a computed radiography system
175,000
Women & Infants'
Providence, RI
equipment for the Neonatal Intensive Care Unit
251,700
16 Hospitals/Healthcare Grants
3,386,920
HISTORIC PRESERVATION
Barrington Congregational Church
Barrington, RI
replace storm windows
25,000
Battery B, First RI Light Artillery
Providence, RI
fifth-wheel trailer
15,000
Beavertail Lighthouse Museum Association
Jamestown, RI
restoration of the two "keepers buildings"
99,250
Blithewold
Bristol, RI
masonry and structural repairs
25,000
Community Church of Providence
Providence, RI
towards the cost of masonry work, painting & window replacement
50,000
Congdon Street Baptist Church
Providence, RI
bathroom upgrades
50,000
Daggett House
Pawtucket, RI
exterior repairs and painting
45,675
Gloria Dei Lutheran Church
Providence, RI
interior building improvements
25,000
Page 5 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
The Handicraft Club
Providence, RI
to complete Phase III restoration of the Truman Beckwith House in Providence
78,150
Harbor Baptist Church
Block Island, RI
window replacement
25,000
Pilgrim John Howland Society
Plymouth, MA
Howland House improvements
3,050
National Society of Colonial Dames
Providence, RI
exterior repairs to the Governor Stephen Hopkins House
69,255
Preservation Society of Newport County
Newport, RI
upgrade the boiler system in the Society's green houses
128,150
Prudence Island Historical & Preservation Society
Prudence Island, RI
replacement of the septic system
30,500
Rhode Island Historical Society
Providence, RI
new roof for the Society's Library building
125,000
Rhode Island State House Restoration Society
Providence, RI
portrait restoration of Rhode Island governors
27,200
Slater Mill
Pawtucket, RI
to match a Save America's Treasures grant towards the restoration project
82,000
SPNEA - Historic New England
North Kingstown, RI
building improvements at Casey Farm
150,000
Trinity Episcopal Church
Newport, RI
repair windows
50,000
Varnum Continentals
East Greenwich, RI
towards replacing and restoring windows at Varnum House Museum
28,500
20 Historic Preservation Grants
1,131,730
Page 6 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
LIBRARIES
Ashaway Free Library
Ashaway, RI
painting of the library ceiling and furniture for the main reading room & children's area
3,950
Clark Memorial Library
Carolina, RI
new roof and exterior doors
28,500
Cranston Public Library
Cranston, RI
HVAC upgrades at the Central Library
81,650
Cross' Mills Public Library
Charlestown, RI
remodel and update bathrooms
2,800
Cumberland Public Library
Cumberland, RI
tinting of all windows in the new wing
11,425
Davisville Free Library
North Kingstown, RI
collection development
5,000
East Providence Public Library
East Providence, RI
3M Self Check System and a security camera system
43,000
East Smithfield Public Library
Smithfield, RI
install radiant heating system in front of main entrance & handicapped ramp & parking lot
improvements
15,630
Glocester Manton Free Public Library
Glocester, RI
new carpet
13,320
Harmony Library
Harmony, RI
upgrade the fire alarm panel; two computer workstations in the Reference area; and
replace the French doors in adult room
Hope Library
Hope, RI
new roof
5,500
11,250
Langworthy Public Library
Hope Valley, RI
window replacement
9,950
Page 7 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
Lincoln Public Library
Lincoln, RI
new carpeting
25,070
Maury Loontjens Memorial Library
Narragansett, RI
outdoor book return
5,445
Newport Public Library
Newport, RI
3M Bookcheck Unit and a 3M SelfCheck system
32,020
North Scituate Public Library
Scituate, RI
towards construction costs related to the new addition
235,200
North Smithfield Public Library
North Smithfield, RI
refurbishing and reupholstering library furniture
2,840
Ocean State Libraries
Warwick, RI
technology for the Consortium and the individual member libraries
97,915
Pascoag Public Library
Pascoag, RI
construction of an addition to the existing library
252,000
Pawtucket Public Library
Pawtucket, RI
furniture for the children's library
32,500
Portsmouth Free Public Library
Portsmouth, RI
new roof
77,950
Redwood Library & Athenaeum
Newport, RI
computers & related software and upgrades to the HVAC control system
15,885
Rhode Island Supreme Court
Providence, RI
lobby & entrance restoration for the State Law Library
89,020
South Kingstown Public Library
South Kingstown, RI
towards the cost of roof replacement and exterior painting of the Kingston Free Library
Union Free Public Library
North Providence, RI
3M Self Check System
100,000
17,750
Page 8 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
Warwick Public Library
Warwick, RI
to equip and furnish a new teen room
59,880
West Warwick Public Library
West Warwick, RI
rooftop air conditioning compressor
15,215
Willett Free Library
Saunderstown, RI
window unit air conditioner and a color printer
1,200
28 Library Grants
1,291,865
MISCELLANEOUS
Foundation Center
program support
10,000
1 Miscellaneous Grant
10,000
OPEN SPACE, CONSERVATION, PARKS & ENVIRONMENT
Audubon Society of Rhode Island
Smithfield, RI
construction of a parking lot at the Maxwell Mays Refuge in Coventry
41,000
The Nature Conservancy
Providence, RI
Rhode Island Open Space Conservation Program and maintenance of the Carter Preserve
in Charlestown & Tillinghast Management Area in West Greenwich
775,000
Rhode Island Zoological Society
Providence, RI
towards the cost of the new Hasbro Children's Zoo
750,000
Wood-Pawcatuck Watershed Association
Hope Valley, RI
new well; septic system; and building demolition
62,235
4 Open Space, Conservation, Parks & Environment Grants
1,628,235
SOCIAL SERVICES
Corliss Institute, Inc.
Warren, RI
exterior improvements to the facility
50,000
Page 9 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
Crossroads Rhode Island
Providence, RI
renovations/upgrades to client bathroom & laundry facilities
215,895
Family Service of Rhode Island
Providence, RI
improvements to the HVAC system
45,000
Genesis Center
Providence, RI
construction of a childcare nutrition center; fencing; guardrails; and storage cabinets
74,675
Groden Center, Inc.
Providence, RI
van & portable watering tank system for the Greenhouse program
25,685
Hamilton House
Providence, RI
repairs & improvements to the building, driveway and parking area
21,685
Hope Alzheimer's Center
Cranston, RI
new flooring
23,750
In Sight
Warwick, RI
portable auto refractor for use in the low vision clinic
10,500
Institute for the Study & Practice of Nonviolence
Providence, RI
towards construction of a new facility
500,000
International Institute Rhode Island
Providence, RI
computers and a printer for education classes for immigrants
18,375
McAuley Corporation
Providence, RI
awnings; interior improvements to the activity room; energy improvements;
and a reach-in refrigerator at McAuley House
23,695
Ronald McDonald House Providence
Providence, RI
HVAC repairs and upgrades
58,875
Meals on Wheels of Rhode Island
Providence, RI
two delivery vehicles equipped with food heating and cooling units
60,000
Nickerson Community Center
Providence, RI
gym floor and fire safety upgrades
108,530
Page 10 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
The Providence Center
Providence, RI
van
24,000
Rhode Island Center Assisting Those in Need
Charlestown, RI
truck to transport clients and food
15,000
Rhode Island Community Food Bank
Providence, RI
24-foot refrigerated truck
111,150
Rhode Island Council on Alcoholism
Pawtucket, RI
computers & associated equipment
8,120
Salvation Army
Pawtucket, RI
install an elevator and renovations to the first floor
456,185
Sargent Rehabilitation Center
Warwick, RI
towards the cost of playground relocation and reconstruction
70,000
Seamen's Church Institute of Newport
Newport, RI
renovations and improvements
35,000
Women's Center of Rhode Island
Providence, RI
repairs & upgrades to sprinkler & fire alarm systems; replace toilet fixtures; and
a washer & dryer
22 Social Services Grants
7,500
1,963,620
YOUTH/FITNESS
Alton Jones Environmental Education Center-URI
West Greenwich, RI
construction of a waterline to connect the "Poor Farm" to the public water supply and camperships
Audubon Society
Smithfield, RI
camperships
17,000
2,000
Blackstone Valley Boys & Girls Club
Blackstone, MA
renovation of the concession area and a new walkway to allow for improved access to the back area of the park
and camperships
Page 11 of 14
85,315
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
Boys & Girls Club of Cumberland-Lincoln
Cumberland, RI
fire protection sprinkler system
121,500
Boys & Girls Club of East Providence
East Providence, RI
completion of the Williams Avenue expansion project and camperships
192,500
Boys & Girls Clubs of Newport County
Newport, RI
pool & gym roofs and teen bathroom at the Newport clubhouse and camperships
172,950
Boys & Girls Club of Pawtucket
Pawtucket, RI
new roofs for buildings at Camp Ramsbottom; conversion of tennis courts into outdoor program
space at Elson campus; upgrades to the Teen Computer Lab; and camperships
206,750
Boys & Girls Clubs of Providence
Providence, RI
replace the entire roof deck system and existing mechanical ductwork at the South Side facility
and camperships
444,000
Boys & Girls Clubs of Warwick
Warwick, RI
equipment needed to establish recording studios at each branch as a means of enhancing teen activities
and camperships
Boys & Girls Club of Woonsocket
Woonsocket, RI
pay down an existing mortgage
26,225
100,000
Camp Aldersgate
North Scituate, RI
camperships
5,000
Camp JORI
Wakefield, RI
camperships
9,500
Camp Ker-Anna
Cumberland, RI
new septic system and camperships
81,000
Camp Ruggles
Chepachet, RI
camperships
20,000
Canonicus Camp & Conference Center
Exeter, RI
camperships
6,000
Page 12 of 14
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
Community Boating Center
Providence, RI
sail shade structure
24,000
Cranston League for Cranston's Future
Cranston, RI
replacement of sports equipment lost in flood
50,000
Girl Scouts of Rhode Island
Providence, RI
ropes course at Camp Hoffman and camperships
195,000
Hope Associates
Hope, RI
new septic system for the recreation facility
22,000
Mother of Hope Day Camp
Glocester, RI
towards the cost of a new septic system and camperships
68,500
Narragansett Council Boy Scouts of America
East Providence, RI
pool & pool house renovations; replace camp truck both at Champlin Reservation in
Cranston; and camperships
206,850
Rhode Island Masonic Youth Foundation
Warwick, RI
new pool vacuum system for use at Buttonwoods Park in Warwick
5,000
Salvation Army
Pawtucket, RI
camperships
7,360
Special Olympics Rhode Island
Smithfield, RI
construction of the training room for Special Olympics athletes, coaches, families and supporters in the new
building
232,000
Warren Recreation Department
Warren, RI
towards the cost of improvement and upgrade of the track at Veteran's Field
48,000
Warwick Police Athletic League
Warwick, RI
equipment related to the following programs: baseball; football; wrestling; and lacrosse
16,030
Greater Providence YMCA
Warwick, RI
for major renovations to and expansion of the Kent County branch and camperships
Page 13 of 14
645,000
THE CHAMPLIN FOUNDATIONS
2010 Grants by Category
Newport County YMCA
Newport, RI
expansion of the outdoor multi-purpose pavilion and camperships
39,750
Ocean Community YMCA
Westerly, RI
major renovations to and expansion of the main facility in Westerly and camperships
387,500
YMCA of Pawtucket
Pawtucket, RI
camperships
46,000
Smithfield YMCA
Smithfield, RI
fire safety upgrades and replacement of exterior pool walls
75,935
Woonsocket YMCA
Woonsocket, RI
camperships
8,000
YWCA Northern Rhode Island
Woonsocket, RI
17-seat passenger van and camperships
54,000
48 Youth/Fitness Grants (includes previously awarded camperships)
Total 2010 Grants
174 Grants
Page 14 of 14
3,620,665
$ 17,074,565