Financial Results, 2023

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%.

During 2021 we created the Childcare Quality Awards program that makes direct cash awards to childcare providers as they move up the five-step quality improvement ladder. From 2021 through 2023 we have distributed $438,000 in $2,000 checks to childcare providers in the three northeastern NY counties and the Mohawk reservation on the border.

The Adirondacks are full of organizations that we love and that are irreplaceable. Cloudsplitter will continue to evaluate and prioritize systemic threats so that we have the resources to respond now and into the future. Given the unknowns of the current funding environment, we wanted to be clear with our grant applicants that we may be less likely to fund capital projects, events, projects far outside the Adirondack park, and very large grant requests at this time. If you feel something in those categories deserves our attention, please contact us to discuss further.