| 2022 | 2021 |
---|
Total Assets1 | $263,677,089 | $231,278,703 |
Operating Expenses2 | $3,429,244 | $3,007,677 |
Operating Expenses as a Percentage of Total Assets | 1.3% | 1.3% |
Net Contributions | $38,420,759 | $24,025,871 |
Distributions | $14,946,433 | $17,237,531 |
- Includes trust assets owned by Bank of America for which the Community Foundation provides grantmaking services.
- Does not include investment management fees.
ASSETS | 2022 | 2021 |
---|
Cash and money market funds | $14,139,067 | $7,270,904 |
Investments | $240,737,421 | $217,255,840 |
Assets held under charitable trusts | $3,118,738 | $3,379,184 |
All other assets | $5,681,863 | $3,372,775 |
Total Assets | $263,677,089 | $231,278,703 |
LIABILITIES | 2022 | 2021 |
---|
Accounts payable and accrued expenses | $239,394 | $202,501 |
Grants payable | $1,012,413 | $8,000 |
Liabilities under unitrust agreements | $1,364,953 | $1,585,465 |
Agency funds | $23,351,155 | $21,811,516 |
Total Liabilities | $25,967,915 | $23,607,482 |
NET ASSETS | 2022 | 2021 |
---|
Without donor restrictions-undesignated | $71,129,913 | $51,562,627 |
Without donor restrictions-Board designated | $1,657,994 | $1,627,537 |
With donor restrictions | $164,921,267 | $154,481,057 |
Total Net Assets | $237,709,174 | $207,671,221 |
Total Liabilities and Net Assets | $263,677,089 | $231,278,703 |