2022 Financial Results
The Foundation ended 2022 with $27.5 million in assets and $4.1 million of portfolio losses, a -12.3% return on assets (this was a year where the S&P 500 was down 18.9%.) Total expenses were $195,000. We distributed $1.76 million in 161 grants.
Our seven-year history of grants made exceeded $11 million, almost all to Adirondack not-for-profits. During that period our return on assets was 5.5%.
$27.5M
Assets in 2022
$4.1M
Portfolio Losses in 2022
-12.3%
Return on Assets in 2022
$195K
Expenses in 2022
$1.76M
Distributed in 2022
161
Grants Awarded in 2021
>$11M
7 Year Portfolio Earning
5.5%