Increasing Impact
- Created a Human Well-Being advisory panel to initiate projects that could improve the lives of our fellow Adirondack citizens
- Hired a Grants Advisor to help Adirondack not-for-profits find funding
- Created recurring mission support grants
- Supported the Adirondack Funders’ Collaborative
- Funded, with the Adirondack Foundation, a vertical study of improved day care opportunities
Financial Results
- Made gifts and grants to 128 different organizations totaling $1,155,000
- Started 2019 with $21.4 million in assets and ended with $25.2 million
- Portfolio earnings of $4.8 million represented a 22.5% appreciation, and a 32% increase in the non-cash portion
- 100% of the Foundation’s expenses and distributions were program-related