Cloudsplitter foundation

News

As it seems relevant we will publish information here that is affecting how we look at opportunities to help.

 

Foundation results, 2018

  • Distributed $1,260,707, 5.2% of assets, to 113 grantees
  • Lost $1,059,818 on investments (-4.37%) vs. DJIA loss of -5.2%  [N.B: All of the December losses were recouped in January]

  • Year-end assets totaled $21,801,222

  • Spent 0.39% of assets on administration

 

Bonnie Keet completes term as trustee

Bonnie KeetAt its January 6th board meeting the Cloudsplitter Trustees thanked Bonnie Keet for her many years of service.  Bonnie will continue as an adviser to the Foundation, concentrating on projects that involve human well-being, including health & health services, pre-K child services, family support, youth services and support, elder housing and support, aid for people with disabilities, and food & food security.

Ellen Rocco joins as Cloudsplitter Trustee Ellen Rocco

Ellen Rocco is the station manager at North Country Public Radio, where she has worked since 1980. She has served on the board of NPR and on panels for many media and community organizations, including those of CPB, NY Humanities Council, NYS Council on the Arts, and several Adirondack North Country groups. She has lived on a farm in St. Lawrence County since 1971.

NEW TRUSTEE, MEL EISINGER, JOINED CLOUDSPLITTER BOARD IN JULY!Melissa

Melissa Eisinger is the recently retired VP of Adirondack Foundation, serving donors and nonprofit organizations to enhance the region's communities through philanthropy.  For twenty years prior, she was with the Adirondack Chapter of The Nature Conservancy and Adirondack Land Trust.  Current and former board service includes the Northern Forest Atlas Foundation, the Bruce L. Crary Foundation, and High Peaks Education Foundation.  She is a friendship volunteer for Mercy Care of the Adirondacks.

 

Foundation results, 2017

  • Distributed $1,496,908, 6.55% of assets, to 112 grantees
  • Earned $2,841,155 on investments (12.77%)
  • Year-end assets totaled $23,489,253
  • Spent 0.36% of assets on administration

Foundation results, 2016

  • The Foundation’s investments earned $1,234,438 in 2016, a net investment return of 5.52%. 
  • Grants made totaled $1,188,721 or 5.32% of starting assets.
  • Administrative expenses were 0.15% of assets.

Foundation results, 2015

Due to market weakness the Foundation portfolio contracted 12.9% in 2015 and dispensed $909,159 in grants and direct contributions to 501c3 organizations.

Foundation results, 2014

The Foundation earned 10.1% on its portfolio in 2014 and dispensed $1.54 million in grants and direct contributions to 501c3 organizations.

Foundation results, 2013

The Foundation earned 29.1% on its portfolio in 2013 and dispensed $1.1 million in grants and direct contributions to 501c3 organizations.