Wolfe Street Foundation, Inc.

The Foundation is Financially Healthy

The Foundation believes strongly in good stewardship when it comes to financial resources. We exist to serve, and we must maintain a tidy financial house. A number of facts suggest that we have been successful:

It costs us only 80 cents a person to provide the Center's facilities.
Less than 20 percent of the annual budget goes for administrative costs.
We maintain a reserve to cover operating expenses in case of an emergency.
Wolfe Street also has an endowment through Arkansas Community Foundation
website: http://www.arcf.org
email: arcf@arcf.org

The Wolfe Street Foundation, Inc. was founded in 1982 by two recovering alcoholics from Little Rock - Joe McQuany, an internationally known authority on alcoholism, and Gene Walter, a local businessman - and by the late Bert Jones.

In the fall of 1982, the newly formed Foundation leased 1210 Wolfe Street which had served most recently as a nurses residence for Baptist Medical Systems, Inc., and before that as a funeral home. They began cleaning it up under the direction of its first president, Gerald Cathey, and in 1985, the Foundation bought the building.

The Center wanted for little. And the afflicted came in ever increasing numbers. On warm summer nights they gathered outside the house on Wolfe Street and laughed in the gathering dusk. When winter came, they found a congenial refuge from the cold in the Center's comfortable rooms. Many got better and were able to help others deal with their addictions.