| 2021 | 2020 | |
|---|---|---|
| Total Assets1 | $231,278,703 | $163,110,259 |
| Operating Expenses2 | $3,007,677 | $3,277,723 |
| Operating Expenses as a Percentage of Total Assets | $1.3% | $2.0% |
| Net Contributions | $24,025,871 | $30,306,607 |
| Distributions | $17,237,531 | $9,554,142 |
- Includes trust assets owned by Bank of America for which the Community Foundation provides grantmaking services.
- Does not include investment management fees.
| ASSETS | 2021 | 2020 |
|---|---|---|
| Cash and money market funds | $7,270,904 | $6,981,633 |
| Investments | $217,255,840 | $149,570,884 |
| Assets held under charitable trusts | $3,379,184 | $3,028,041 |
| All other assets | $3,372,775 | $3,529,701 |
| Total Assets | $231,278,703 | $163,110,259 |
| LIABILITIES | 2021 | 2020 |
|---|---|---|
| Accounts payable and accrued expenses | $202,501 | $193,759 |
| Grants payable | $8,000 | $864,280 |
| Liabilities under unitrust agreements | $1,585,465 | $1,551,356 |
| Agency funds | $21,811,516 | $16,356,542 |
| Total Liabilities | $23,607,482 | $18,965,937 |
| NET ASSETS | 2021 | 2020 |
|---|---|---|
| Without donor restrictions-undesignated | $51,562,628 | $34,600,563 |
| Without donor restrictions-Board designated | $1,627,537 | $1,250,231 |
| With donor restrictions | $154,481,057 | $108,293,528 |
| Total Net Assets | $207,671,221 | $144,144,322 |
| Total Liabilities and Net Assets | $231,278,703 | $163,110,259 |