431 East Fayette Street     Suite 100     Syracuse, NY 13202     Tel: 315.422.9538
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Press Room

The following information is for use by the local press to help inform the members of our community about the Central New York Community Foundation. For further information, please contact our Vice President,Communications, Katrina Crocker, at 315-883-5542 or kcrocker@cnycf.org.

Foundation Background

Established in 1927, the Central New York Community Foundation encourages local philanthropy by supporting the growth of permanent charitable endowments for the betterment of the region.  The Community Foundation is the largest charitable foundation in the region with assets of more than $226 million. It awarded $14 million in grants last year to nonprofit organizations. Since its inception, it has invested nearly $170 million in the community. The Community Foundation serves as the steward of charitable legacies for individuals, families and businesses through the administration of more than 700 funds. The organization also serves as a civic leader, convener and sponsor of special initiatives designed to strengthen local nonprofits and address the region’s most pressing challenges.

Our Mission

Our mission is to foster a thriving Central New York community, inspire greater giving, celebrate legacy and steward charitable resources for today and tomorrow. 

Financial Information

The responsibility for managing the Community Foundation’s investment portfolio is vested in the Board of Directors through its Finance Committee. This committee works closely with the Community Foundation’s investment consultant and staff to set policy, establish performance benchmarks and continually monitor the effectiveness of the Community Foundation’s portfolio.

The Committee maintains a disciplined process, regardless of market fluctuations, to ensure the viability of the Community Foundation.

 

Community Foundation Fiscal Year 2017 Financial Highlights

    • A total of $226.4 million in assets was reported as of March 31, 2017.
    • 35 new funds* were formed.
    • An average 7.6% annual return has been achieved on investments since 10/1994, the inception of our relationship with Colonial Consulting as portfolio consultant.
    • 2,865 grants totaling more than $14 million were awarded to more than 1,179 nonprofit organizations.

* Includes Unrestricted, Donor-Advised, Designated, Field-of-Interest, Scholarship, and Deferred Funds.

For more details, view our Annual Report.



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