2021 Financial Results
The Foundation ended 2021 with $33.5 million in assets and $2.9 million of portfolio earnings, a 11.2% return on assets. Total expenses were $259,000. We distributed $1.46 million in 119 grants.
Our ten-year history of grants made exceeded $12 million, almost all to Adirondack not-for-profits. During that period our return on assets was 9.8%.
$33.5M
Assets in 2021
$2.9M
Portfolio Earnings in 2021
11.2%
Return on Assets in 2021
$259K
Expenses in 2021
$1.46M
Distributed in 2021
119
Grants Awarded in 2021
$12M
10 Year Portfolio Earning
9.8%