Foundation Results, 2020

Increasing Impact

  • Contributed a quarter million dollars along with staff and trustee time to partner with Adirondack Foundation and their Special and Urgent Needs (SUN) Fund for Covid-related rapid response
  • Created Emergency Sustenance Grants to support nonprofit organizations in danger of failure because of the pandemic
  • Won the Appeals Court case to save the historic St. Gabriel’s Church for Paul Smith’s College
  • Our Grants Advisor assisted 11 not-for-profits in raising $827,879 in new grants, $474,116 of which Cloudsplitter Foundation is directly responsible for
  • Added a Special Projects Coordinator to address infrastructure needs exposed by the pandemic

Financial Results

  • Made 127 gifts and grants to organizations, totaling $1,321,873
  • Started 2020 with $24.9M in assets and ended with $26M
  • 100% of the Foundation’s expenses and distributions were program related
  • Reported $11,264,232 in ten-year grants (2011-2020) with 9.7% average annual investment returns over that period

The White House has spoken about revoking nonprofits’ 501c3 status, which it cannot legally do. Click for some Myths v Reality

Click to Read

The White House has spoken about revoking nonprofits’ 501c3 status, which it cannot legally do. Here are some resources on the topic for our nonprofit partners:

Myths vs. Reality: around IRS status
Tax-exempt status: what it is and why it is important
Losing tax-exempt status: what to do if that happened, including the appeals process