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FINANCIAL R E P O RT
THE COMMUNITY FOUNDATION OF HERKIMER & ONEIDA COUNTIES | 2608 GENESEE STREET, UTICA, NY 13502 | 315.735.8212 | foundationhoc .org
EXCITING THINGS ARE HAPPENING IN OUR COMMUNITY AND THE COMMUNITY FOUNDATION IS LEADING THE WAY.
4,310 DONORS
NET INVESTMENT RETURNS: LONG-TERM POOL (7.6%)
1 YEAR
5.7%
3 YEARS
$15.4
5 YEARS 3.5%
MILLION
9.0%
10 YEARS
7.9%
INCEPTION*
DONATED
*Inception of long-term investment pool in 1993.
5,525
TOTAL FINANCIAL ASSETS
GIFTS
30 NEW FUNDS CREATED 2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
The key performance indicators in this report help tell the story of The Community Foundation, its donors and the tremendous impact we have in the community. Long-term investment performance and community partnerships are the driving force behind our continued success. All figures calculated as of December 31, 2018.
747 TOTA L
GRANT S, SCHOL ARSHIPS AND INITIATIVES
FUNDS BY TYPE D E S I G N AT E D ( 3 6 )
IN 2018
AG E N C Y ( 4 7 )
$7.7 M ILLIO N INVESTED IN OUR COMMUNITY IN 2018
SCHOLARSHIP (65)
391
FIELD-OF-INTEREST (48)
ACTIVE FUNDS FISCAL SPONSORSHIP (7) D O N O R - A DV I S E D ( 111)
AGENCY GRANTS
D I S C R E T I O N A RY ( 7 7 )
33 GRANTS / $440,000
DESIGNATED GRANTS 51 GRANTS / $132,000
COMPETITIVE & CAPACITY BUILDING GRANTS 83 GRANTS / $2.85 MILLION
DONOR-ADVISED GRANTS 469 GRANTS / $3.25 MILLION
SCHOLARSHIPS
FUND ASSETS D I S C R E T I O N A RY ( $47M) PLANNED GIFTS / FUTURE FUNDS ( $2M) DESIGNATED ( $4.2M) AGENCY ( $1.1M) SCHOLARSHIP ( $7M)
108 SCHOLARSHIPS / $221,000
STRATEGIC INVESTMENTS 3 INITIATIVES / $844,000
FIELD-OF-INTEREST ( $32.5M) FISCAL SPONSORSHIP ( $108,000) DONOR-ADVISED ( $34.3M)
2 018 F I N A N C I A L S TAT E M E N T S
ASSETS CASH & CASH EQUIVALENTS INVESTMENTS LOANS RECEIVABLE
TOTAL $2,694,893 127,896,301 1,177,607
OTHER CURRENT ASSETS
560,154
CHARITABLE LEAD TRUST
1,762,304
CHARITABLE REMAINDER TRUSTS
697,403
PROPERTY AND EQUIPMENT, NET
3,673,823
TOTAL ASSETS
$138,462,485
LIABILITIES AGENCY FUNDS GRANTS PAYABLE
$5,390,871 2,822,555
ACCOUNTS PAYABLE & ACCRUED EXPENSES
198,392
CHARITABLE GIFT ANNUITY OBLIGATIONS
869,380
DEFERRED REVENUE
1,000,000
TOTAL LIABILITIES
$10,281,198
NET ASSETS WITHOUT DONOR RESTRICTIONS WITH DONOR RESTRICTIONS
$37,440,387 90,740,900
TOTAL NET ASSETS
$128,181,287
TOTAL LIABILITIES & NET ASSETS
$138,462,485