The Central New York Community Foundation's spending policy, which determines our annual operating and grantmaking budgets, is designed to safeguard against fluctuating market yields. Spending is determined using a formula applied to the market value of the Community Foundation's portfolio. The amount available to spend from our endowed funds, including those that support our community grantmaking program, is based on 5% of the fund balance averaged over 20 quarters of time. Using this disciplined policy allows us to provide more consistent funding even when markets are volatile.
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