In March, The Spartanburg County Foundation received notification that it met the nation’s highest philanthropic standards for operational quality, integrity and accountability. The National Standards compliance effort for U.S. Community Foundations is administered by the Council on Foundations, a national professional association based in Washington, DC, and is the first of its kind for charitable foundations in the United States. Meeting these rigorous standards assures the Spartanburg public of The Spartanburg County Foundation’s ability to achieve its mission to strengthen the community and help donors achieve their personal charitable goals.
Statement of Financial Position 2006 Total Assets: $90,949,558 2,685,912
Unrestricted Funds ($3,777,570) Agency Endowments ($19,494,806)
Supporting Organizations ($12,881,335)
Scholarship Funds Charitable Lead Trusts ($794,439)
Charitable Remainder Trusts ($1,175,036) General Fund — Unrestricted ($10,652,870) Field of Interest Funds ($10,006,702)
Designated Funds ($13,920,555) Donor Advised Funds ($7,563,478)
2006 Grants Distributed from Funds: $7,677,499 Unrestricted Funds ($190,323)
Agency Endowments ($2,183,568)
Supporting Organizations ($1,620,504)
Scholarship Funds ($463,542) Designated Funds ($395,000) General Fund — Unrestricted ($274,570)
Statement of activity for the years ended December 31, 2006 and 2005 for The Spartanburg County Foundation and its supporting organizations.
Donor Advised Funds ($933,713)
Field of Interest Funds ($1,616,279) 2006 Annual Report • 29
SPCF Annual Report 2006