THE GREATER CINCINNATI FOUNDATION 2016 ANNUAL SUMMARY
MISSION
As a trusted philanthropic partner, we inspire current and future generations to invest in a more vibrant and prosperous Greater Cincinnati where everyone can thrive.
The Greater Cincinnati Foundation 200 West Fourth Street Cincinnati, Ohio 45202-2775 Phone: 513-241-2880 www.gcfdn.org
GCF REACHES $1 BILLION IN GRANTS When generous people give together, the impact of their philanthropy grows. We champion greater giving by thinking really big. How big? Try a billion dollars. That’s how much we’ve awarded in grants to local causes since our inception in 1963. This amazing investment serves as more than a legacy of compassion and commitment. It also serves as a springboard to dream even bigger, making more of a positive impact on the lives of our Tri-state neighbors.
INTRODUCING CINCINNATI’S NEXT GREAT PHILANTHROPIST: YOU Do you want to make a bigger impact with your charitable giving? The Greater Cincinnati Foundation can help you get started with our family philanthropy toolkit available for free at gcfdn.org/toolkit. Our toolkit outlines five steps to make your giving smart and meaningful. With more than 1.5 million nonprofit organizations registered in the U.S., it’s no surprise that your email and snail mail boxes are full of requests for support. We give you the tools you need to explore your family legacy, create your philanthropic mission statement and plan for the future. By the end of the process, you and your family will have a plan that is tailored to your family’s needs and be able to leave a significant legacy that helps the region build and grow.
WE ARE GCF. JOIN US. We are The Greater Cincinnati Foundation (GCF) – among the largest and most effective community foundations in the country. In a region literally bursting with new energy and progress, fueled by so many who share their good fortune to enrich the lives of others, we too are harnessing this momentum to expand our impact and accomplish even more. A greater community is in the works. We invite you to join us.
WHERE WE SERVE Dearborn County in Indiana; Boone, Campbell and Kenton counties in Kentucky; and Butler, Clermont, Hamilton, and Warren counties in Ohio.
2016 METRICS 2016 was an another outstanding year for The Greater Cincinnati Foundation. With more than $77 million in gifts, marking 2016 as the second highest year in our 54 year history. The organization continues to grow in terms of grantmaking and total assets, both critical measures as we seek to help support the community’s greatest needs. GCF is also proud of the diversified sources of both gifts and grants. We exist to support the philanthropy of our many donors, past and present, and also to support the efforts of hundreds of nonprofit partners. With the growth of existing funds, as well as new funds, GCF is proud to partner with so many generous individuals, families and businesses.
TOTAL ASSETS
TOTAL GIFTS
$563 MILLION
$77.5 MILLION
TOTAL GRANTS
$82 MILLION
$1 Billion in all-time grants surpassed this year.
GRANT MAKING BY AREA
$30 M $25 M $20 M $15 M $10 M $5 M $0 M
N RE IO U T LT CA U U C & ED S T AR
N Y ES TH NT ON IT IO I L C E I T N A G U LI NM RV EA M HE E E R O M R S C R N VI B CO A N O J E M HU
DONOR ADVISED GRANTS
COMMUNITY FUND GRANTS
TOTAL ORGANIZATIONS RECEIVING GRANTS FROM GCF AND ITS DONORS IN 2016:
TOTAL NEW FUNDS IN 2016
3,000+
72
NONPROFIT ORGANIZATIONS
MIX OF FUNDS 2016 CONTRIBUTIONS BY FUND TYPE
1%
4%
48%
SOURCE OF GIFTS 36%
P&G FUNDS
36%
10%
1%
P&G
FIELD OF INTEREST FUNDS
DESIGNATED FUNDS
COMMUNITY FUNDS
DONOR ADVISED FUNDS
SCHOLARSHIP FUNDS
NEW FUNDS
53%
EXISTING FUNDS
FINANCIAL INFORMATION CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
ASSETS Cash and cash equivalents Contributions receivable Accrued interest receivable Investments at fair value: Common stock Bonds and demand notes Collective investment and mutual funds Private equity and hedge funds Beneficial interest in perpetual and remainder trusts Total investments at fair value Investments, other: Annuities Program related investments Total investments, other Total investments Property and equipment, net Other assets Total assets
LIABILITIES Accounts payable and accrued liabilities Grants payable Mortgage notes payable Assets held on behalf of others Other liabilities Total liabilities
2015
2016
$43,662,899 $21,669,985 $263,268
$49,711,336 $30,423,507 $360,309
$40,107,962 $8,516,686 $310,480,213 $99,413,158 $8,154,100 $466,672,119
$49,188,188 $12,526,222 $310,169,448 $103,604,329 $8,151,492 $483,639,679
$1,362,644 $4,821,701 $6,184,345 $472,856,464 $3,155,654 $5,784,579 $547,392,849
$571,441 $6,304,483 $6,875,924 $490,515,603 $3,207,927 $5,996,252 $580,214,934
2015
2016
$159,240 $4,154,198 $551,430 $4,005,095 $4,945,350 $13,815,313
$204,560 $4,618,488 $391,692 $4,185,626 $3,628,892 $13,029,258
2015
2016
Unrestricted Temporarily restricted Total net assets
$476,454,487 $57,123,049 $533,577,536
$499,761,027 $67,424,649 $567,185,676
Total liabilities and net assets
$547,392,849
$580,214,934
NET ASSETS