Foundation Results, 2019

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

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.