2018 Financial Report

20 1 8

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