2023 Financial Results
The Foundation ended 2023 with $35.8 million in assets and $4 million of portfolio earnings, a 14.1% return on assets. We distributed $1.3 million in 191 grants and in 81 $2,000 Childcare Excellence Awards. Total expenses were $245,000.
Over the past ten years we have granted over $13 million, almost all to Adirondack not-for-profits. Our long-term return on assets has been 8.7%.
$35.8M
Assets in 2023
$4M
Portfolio Earnings in 2023
14.1%
Return on Assets in 2023
$84.6K
Expenses in 2023
$1.76M
Distributed in 2022
161
Grants Awarded in 2021
>$11M
7 Year Portfolio Earning
5.5%