Financial Information

Message from the cfo

In order to serve as a champion of change for the benefit of the local community, the Community Foundation’s financial decisions and performance must be stable yet flexible during changing times. To that end, this year we introduced our new Sustainable Responsible Impact investment pool to offer fundholders the option to generate a market return while emphasizing social and environmental benefits. We have also led conversations within our Finance Committee around the importance and measurement of investing with diverse investment managers.

What hasn’t changed is our disciplined process of focusing on full market cycle performance instead of short-term market fluctuations. Despite market volatility, we met or exceeded benchmarks in each of the measurement periods that we track (1 year, 3 year, 5 year, 7 year, 10 year, 15 year and since inception with Crewcial Partners in 1994). Our long-term, moderate approach, using diversification consistent with our growing base of resources, positions us to be a force for future generations.

While some of the faces on our staff have changed, the team’s commitment to our community has not. The dollar amount of grants we distributed to the community has increased by 30% over the past five years and the number of grants we processed each year has increased by 18%. Meanwhile, our management and general expenses as a percent of assets have decreased by 10%. This is a direct result of the champions we have on staff and our focus on prudent operational efficiencies, which enable us to continue to increase our investment and impact in the community.

Kimberly P. Sadowski, CPA
Senior Vice President & Chief Financial Officer