Financial Results, 2021

The Foundation ended 2021 with $33.5 million in assets and $2.9 million of portfolio earnings, a 11.2% return on assets.  We distributed $1.46 million in 119 grants.  Total expenses were $259,000. 

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%.

During 2021 we created the Childcare Quality Awards program that makes direct cash awards to childcare providers as they move up a quality improvement ladder.  The first $74,000 in awards of $2,000 each were distributed in the fourth quarter.