Summary Financial Statement

Financial Summary & Highlights Albuquerque Community Foundation

For the Twelve Months Ended December 31, 2014

This financial information is a condensed version of the calendar year 2014’s audited financial statements. A complete set with accompanying notes and report from an independent auditor is available on our website at albuquerquefoundation.org. The Finance Committee oversees the accounting process and system of internal controls. The Finance Committee is also responsible for overseeing the audit process. The Investment Committee oversees all aspects of the investment program to ensure assets are well-diversified with an asset allocation designed to meet the Foundation’s objectives.

BALANCE SHEET ASSETS Cash and cash equivalents Investments Receivables, net Remainder trusts Bequest receivable Prepaid expenses Property and equipment, net Other assets TOTAL ASSETS

12/31/14 12/31/13 2,892,482 58,364,474 65,071 3,265,194 1,004,197 18,218 1,946,861 117,216 67,673,713 2,336,706 55,018,464 166,288 4,030,560 280,000 15,892 2,069,331 131,892 64,049,133

The Foundation’s mission is to build, invest, and manage endowment funds to enhance the quality of our community through informed, strategic grantmaking.

* Totals include Agency Fund contributions and grants.

The objective of the Foundation’s investment program is to produce growth and income sufficient to support both donor goals and Foundation objectives and to maintain the purchasing power of the fund for future beneficiaries.

The long-term total return need of the Foundation’s portfolio is CPI plus the current spending policy rate, plus the Foundation’s average administrative fee.