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

Financial Information

The Community Foundation takes its responsibility to serve as a permanent charitable resource in Central New York seriously. Through prudent stewardship of our assets, we strive to maximize available grant dollars while ensuring that the charitable funds entrusted to us will continue to support our region for many years to come. The responsibility for managing the Community Foundation’s investment portfolio is vested in our board of directors through its finance committee, which works closely with our investment consultant and staff to set policy, establish performance benchmarks and continually monitor the effectiveness of the portfolio. The Community Foundation sets long-term goals for investment performance. The amount available to spend from endowed funds, including those that support our Community Grantmaking program, is based on a spending policy of 5% of the fund balance averaged over 20 quarters of time. Using this disciplined policy allows us to provide consistent funding even when markets are volatile. Through the generosity of individuals who have entrusted us with their charitable legacies, as well as those who have served our endowment with their expertise, the quality of life in Central New York will be enriched for generations to come.

 

The data on this page represent financial information as of fiscal years ended March 31.

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