Financials

 

The goal of the Community Foundation for Palm Beach and Martin Counties is to ensure that the charitable dollars entrusted to us are available to the community forever. Through prudent stewardship of our assets, we strive to maximize available grant dollars while ensuring that we serve as a permanent philanthropic resource for our region.

The responsibility for managing the Foundation’s investment portfolio is vested in our board of directors through its Investment Committee. This committee works closely with staff and the independent consulting firm Prime Buchholz & Associates, to establish investment policy, implement asset allocation, set benchmarks and monitor the individual investment managers and their performance on a quarterly basis. The use of a 5% spending policy ensures our charitable funds are protected for the future while having the most impact today.

The board also has an Audit Committee that works with the Foundation’s management and staff to ensure rigorous financial controls and high administrative standards. 

Our donors have the option of selecting from a variety of investment options:

  • Permanent Pool – invested for long-term growth and appreciation across multiple investment managers.
  • Intermediate Pool – invested to meet the needs of funds with one- to three-year grantmaking goals.
  • Short Term Pool – invested to meet the needs of funds with less than one-year grantmaking goals.
  • Independently Managed – customized investment option where advisors can manage and invest charitable assets on behalf of the donor.


Financial Highlights
(July 1, 2015 - June 30, 2016)


Total Assets: $154 million
Total Endowment: $130 million
Grants Awarded:  $8.94 million
Total Funds: More than 300 and growing!
Cumulative grants (since inception): $128 million

Financial Reports

Documents

Download our Investment Policy

Consolidated Financial Statements with Independent Auditors' Reports (last 5 years):

View our tax-exempt status letter from the Internal Revenue Service.

A completed IRS Form 990, Return of Organization Exempt From Income Tax, for the Community Foundation is available online through Guidestar and can also be viewed here. Form 990-T, Exempt Organization Business Income Tax Return, is also available upon request from the Foundation.