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

Headshot of man
Blogs February 13, 2025

Creating Access to Nature and Safeguarding Water Quality

Hear from Andy Zepp, executive director, Finger Lakes Land Trust, about the importance of the ...

Orchestra performing on a stage
News Releases February 5, 2025

More Than $680,000 Distributed To Local Nonprofits

The Central New York Community Foundation recently distributed $682,050 in grants to local nonprofits. The ...

Man and woman standing in front of church
Stories January 28, 2025

Holistic Giving: Jeff & Rachel Roney

Jeff and Rachel embrace giving in every facet of life—through faith, family and community. Their ...

Blogs January 23, 2025

Bushenge Hunde USA-Canada

Refugee communities encounter a number of barriers when attempting to establish relationships with law enforcement ...

News Releases January 22, 2025

CNY Community Foundation Receives $400,000 for Lead Poisoning Prevention Efforts

This is the largest grant the Community Foundation has received to date from the Cabrini ...

Topics December 24, 2024

What We Are Up To | CNYCF Staff Updates

Our staff takes pride in not just serving our community, but actively shaping its future. ...

News Releases December 19, 2024

CNY Community Foundation Closes on Deal for Dunbar Association; Opens New Line of Credit

This project is receiving funding from a Certificate of Deposit (CD) the Community Foundation has ...

hand holding growing money
Publications December 11, 2024

Professional Advisor 365: A Year-In-Review Summary of Collaborative Planning

Here’s a roundup of events and activities that we’ve led over the past year to ...

Headshot of man
Blogs February 13, 2025

Creating Access to Nature and Safeguarding Water Quality

Hear from Andy Zepp, executive director, Finger Lakes Land Trust, about the importance of the ...

Orchestra performing on a stage
News Releases February 5, 2025

More Than $680,000 Distributed To Local Nonprofits

The Central New York Community Foundation recently distributed $682,050 in grants to local nonprofits. The ...

Man and woman standing in front of church
Stories January 28, 2025

Holistic Giving: Jeff & Rachel Roney

Jeff and Rachel embrace giving in every facet of life—through faith, family and community. Their ...

Blogs January 23, 2025

Bushenge Hunde USA-Canada

Refugee communities encounter a number of barriers when attempting to establish relationships with law enforcement ...

News Releases January 22, 2025

CNY Community Foundation Receives $400,000 for Lead Poisoning Prevention Efforts

This is the largest grant the Community Foundation has received to date from the Cabrini ...

Topics December 24, 2024

What We Are Up To | CNYCF Staff Updates

Our staff takes pride in not just serving our community, but actively shaping its future. ...

News Releases December 19, 2024

CNY Community Foundation Closes on Deal for Dunbar Association; Opens New Line of Credit

This project is receiving funding from a Certificate of Deposit (CD) the Community Foundation has ...

hand holding growing money
Publications December 11, 2024

Professional Advisor 365: A Year-In-Review Summary of Collaborative Planning

Here’s a roundup of events and activities that we’ve led over the past year to ...

View More