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