Spark
generosity • opportunity • curiosity • innovation
To view the full Initiative Foundation 2019 annual report, visit ifound.org/about-us/annual-reports.
24 Initiative Foundation ifound.org
Our Numbers Sources of Funds: $19,823,988
2019
Unrealized Gains on Investments $7,015,562 | 35% Grants & Contributions $5,177,175 | 26% Investment Income $4,210,356 | 21% Business Financing Revenue & Repayments $3,172,903 | 16% Other Operating Revenue $247,992 | 1%
Uses of Funds: $7,236,346
2019
*Includes $31,469 in fixed asset investments.
Economic Development, Loans, Investments $3,043,331 | 42% Grants, Scholarships & Fellowships $1,895,868 | 19% Foundation Operations* $834,203 | 11% Community Programs $650,462 | 9% Partner Fund Program $507,924 | 7% Fund Development $419,042 | 6% Communications & IQ Magazine $404,496 | 6%
Uses of Funds: A Snapshot ECONOMIC DEVELOPMENT, LOANS, INVESTMENTS
Economic Development & Lending
$2,511,928
anufacturing/ M Construction $590,000 | 19%
Inspire Local Ownership, Quality Jobs
ervice S $725,750 | 24%
etail/Wholesale R $310,922 | 10%
Investment Total:
E conomic Development & Lending Activities $615,256 | 20%
Alternative
$3,043,331
Agriculture $150,000 | 5%
Entrepreneurship Programs
$531,423 Initiators Fellowship $293,535 | 10% Enterprise Academy $237,888 | 8%
Housing
$120,000 | 4%
GRANTS, SCHOLARSHIPS & FELLOWSHIP STIPENDS Empower People Investment Total:
$1,895,868
artner Funds Grants P & Scholarships $1,237,603 | 65%
E conomic Development/ Entrepreneurship $177,581 | 10%
I nnovation Fund $343,184 | 18%
T hriving Communities Initiative $137,500 | 7%
* Excludes $519,000 in grant deobligations and repaid grant funds for our Healthy Lakes & Rivers program.
REGIONAL PROGRAMS
Create Thriving Communities Investment Total:
$1,158,386
Partner Funds $507,924 | 44% Thriving
Communities/ Early Childhood $270,417 | 24%
Endowment Value: 60.1 Million
Nonprofit
Organizational Development $201,690 | 17% Volunteers
in Service to America $178,355 | 15%
Total Assets: $81.8 Million
A complete audit report prepared by Schlenner Wenner & Co. is available upon request. For a summary of the Initiative Foundation’s impact on the region since inception, visit ifound.org/about-us/annual-reports.
FALL 2020
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