As chief financial officer of the Community Foundation, I am honored to provide you with some financial and operational updates from this past year:

  • Amid a challenging financial climate, our board’s finance committee worked diligently with our dedicated investment consultant to assess our portfolio performance, strategic asset mix, inflation, and spending policy. All the while, we are focusing on preserving and growing the value of the assets entrusted to us to ensure the long-term sustainability of our impact.
  • Our Sustainable Responsible Impact investment pool has grown steadily over the past 18 months to $14 million as of March 31, 2023. This is thanks to the generosity of our donors and the diligent stewardship of our investments.
  • Our allocation to diverse investment managers, which was already well above national industry averages, increased this past fiscal year from 15.4% to 17.7%, demonstrating our commitment to equity in the asset management industry. Furthermore, we are proud that over 10% of our operating expenses supported minority and women-owned businesses.

As we look ahead, our new strategic plan will take us through our centennial celebration in 2027. The Finance and Administration pillar of this plan is entitled “Stewarding Charitable Resources for Good” and focuses on sustaining our organizational strength, cultivating impact investments, and infusing our commitment to equity through our operations, investments, staff and board governance. Prudent management and investment of our resources will allow us to grow and deepen our existing work while creating new opportunities to impact lives here.

I extend my deepest gratitude for your continued support. Your generosity and trust enable us to be a bold, courageous and enduring partner in philanthropy. Please reach out if you have any questions about our strategic plan, investment management or any of the financial information contained in our annual report.

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


     

   

    

News & Stories

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Publications September 18, 2023

Helping your Clients Get Organized: Structure Is a Critical Step in Multi-Generational Philanthropy

Learn how Jeff Knauss and his wife use their donor-advised to engage their children in ...

Blogs September 15, 2023

Reflections: Continued Learning for Equity/Reflexiones: Aprendizaje Continuo para la Equidad

Yeisha Núñez-Denson, tells us about her experience joining our efforts toward an equitable internal work ...

News Releases September 14, 2023

CNY Community Foundation Receives $500,000 for Lead Poisoning Prevention Efforts

A grant from Onondaga County will help replace windows and doors in 40 affordable rental ...

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News Releases August 23, 2023

Women's Fund Distributes $55,000 in Grant Funding to CNY Nonprofits

The grants will fund projects that support the advancement and full participation of women and ...

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Blogs August 21, 2023

Unlocking Potential through Reading as A Book Buddy Volunteer

Juliet Nabinger, employee benefits senior specialist at OneGroup and Book Buddies Volunteer, shares how her ...

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Stories August 19, 2023

Impact Investing Profile: Home HeadQuarters

A $500,000 Program Related Investment (PRI) to Home HeadQuarters (HHQ) acted as a loan loss ...

Stories August 17, 2023

Impact Investing Profile: Cooperative Federal

A $250,000 secondary capital loan is helping Cooperative Federal expand lending in the Syracuse community.

Stories August 14, 2023

Impact Investing Profile: Pathfinder Bank

Pathfinder Bank tells us how a $500,000 deposit at their new Southwest Branch helped serve ...

Blogs August 7, 2023

Reflections: Amplifying Voices for Equity

Juliet Maloff, senior communications officer, explains how we are shifting some of our storytelling to ...

hand holding growing money
Publications September 18, 2023

Helping your Clients Get Organized: Structure Is a Critical Step in Multi-Generational Philanthropy

Learn how Jeff Knauss and his wife use their donor-advised to engage their children in ...

Blogs September 15, 2023

Reflections: Continued Learning for Equity/Reflexiones: Aprendizaje Continuo para la Equidad

Yeisha Núñez-Denson, tells us about her experience joining our efforts toward an equitable internal work ...

News Releases September 14, 2023

CNY Community Foundation Receives $500,000 for Lead Poisoning Prevention Efforts

A grant from Onondaga County will help replace windows and doors in 40 affordable rental ...

Womens fund
News Releases August 23, 2023

Women's Fund Distributes $55,000 in Grant Funding to CNY Nonprofits

The grants will fund projects that support the advancement and full participation of women and ...

Woman sitting with girl holding books
Blogs August 21, 2023

Unlocking Potential through Reading as A Book Buddy Volunteer

Juliet Nabinger, employee benefits senior specialist at OneGroup and Book Buddies Volunteer, shares how her ...

Family sits on porch of new home on Shuart Ave
Stories August 19, 2023

Impact Investing Profile: Home HeadQuarters

A $500,000 Program Related Investment (PRI) to Home HeadQuarters (HHQ) acted as a loan loss ...

Stories August 17, 2023

Impact Investing Profile: Cooperative Federal

A $250,000 secondary capital loan is helping Cooperative Federal expand lending in the Syracuse community.

Stories August 14, 2023

Impact Investing Profile: Pathfinder Bank

Pathfinder Bank tells us how a $500,000 deposit at their new Southwest Branch helped serve ...

Blogs August 7, 2023

Reflections: Amplifying Voices for Equity

Juliet Maloff, senior communications officer, explains how we are shifting some of our storytelling to ...

View More