24 Jul ‘Tis the Season
This week I’m preparing quarterly reports for our endowment fund advisors. Some fund advisors can hardly wait to see their report – it’s like Christmas in July…if the market has performed well.
For the quarter-ending June 30, 2012, our endowment balances are down .97% since last year at the same time. Our overall assets are down 2.99% since June 2011. Don’t be sad, because we aren’t! Of course, we would like to see overall positive returns across the board, but we are seeing great things happen at the Community Foundation.
Donations are up over last year at this same time in our fiscal year, and we are excited about paying grants to worthy organizations and scholarships to a whole list of amazing students. Since April 1, 2012, we have paid out $163,043 in grants to local non-profits and organizations, and $68,725 in scholarships to local students, and this is just after the first quarter of our year!
If you are interested in starting a fund to support your favorite cause, or if you’d just like to learn more about the Community Foundation, please call or email us. We love telling people about what we do here! And if you’re a fund advisor waiting on your report…you’ll see it soon.