Fall 2019
Impact Update
As we enter our 37th year, the Community Foundation has evolved from our modest beginnings to become a center for solutions across Santa Cruz County. With almost $130 million in total assets, we have the resources to help charitable visions get established and grow, improve the effectiveness of the more than 500 local nonprofits we serve, and continue to build on our $90 million in grantmaking efforts.
Grants Fuel Impact Countywide
Borina Special Places Fund supports historic, youth, and senior facilities. Because of the generosity of the Borina family, in 2019 we awarded close to $400,000 for capital projects that gave youth places to develop, seniors places to gather, and that served to preserve the unique history of the county.
Flexible grants reward effective nonprofits. In 2018, we created a new, simple and easy grant process to help nonprofits keep their focus on mission – not paperwork. This year we were also pleased to provide over $700,000 in flexible support for ongoing operations to our county’s essential service providers.
Collaborative funding approach benefits the arts ecosystem. To help our arts organizations create art for audiences across the county, we partnered with the Arts Council to make a single application and award process. Together, we have successfully funded almost $500,000 dollars in needed resources for our vibrant arts community.
Our Loans Make It Possible
Our Community Investment Revolving Fund provides local low interest loans to the tune of $3.2 million to six local projects. These funds are already at work creating housing, growing income, and expanding sustainable agriculture.
For example:
- Homeless Services Center is building 6 apartments for people transitioning out of temporary shelter.
- Habitat for Humanity is adding 11 new affordable homes in Live Oak.
- FarmLink is helping farmers expand their sustainable agriculture businesses.
- Landed has helped 18 teachers buy their first homes.
Donors are invited to co-invest in our Community Investment Revolving Loan Fund to put local capital at work for local solutions.
By the Numbers
Inspiring: $90 million in local grants since 1982
Record breaking: $11.7 million awarded in 2018
Prudent: 8.3% average 10 year rate of return
Trusted: $128 million in assets at year end 2018
Forward thinking: 250 Endowed Funds
Efficient: Operating budget is 2% of total assets
Why Us?
We asked our members why they turned to the Foundation for help with their philanthropy. Here are some of the things they said:
STATEMENT OF FINANCIAL POSITION
Fiscal Year Ending December 31, 2018
ASSETS
Cash & Equivalents $2,847,579
Investments at Fair Market Value $113,265,908
Charitable Trusts Assets $2,052,496
Grants Receivable $762,671
Loan Receivable $1,466,874
Deposits and Prepaid Expenses $75,229
Fixed Assets (net of depreciation) $7,484,532
TOTAL ASSETS $127,955,289
LIABILITIES
Accounts Payable & Other Liabilities $259,510
Grants Payable $4,085,716
Agency Funds Liability $ 13,664,143
Charitable Trusts Liability $993,586
Charitable Gift Annuities Liability $ 698,429
Tax-Exempt Bonds Payable $952,558
TOTAL LIABILITIES $20,686,937
TOTAL NET ASSETS $107,268,352
TOTAL LIABILITIES & NET ASSETS $127,955,289
Join the giving community in Santa Cruz County. Let's chat about where you want to put your generosity to work.
Contact our CEO
Susan True
Our vision is to help Santa Cruz County Contact thrive for all who call it home. Susan would love to hear about your dream for the future of our community. Contact her at strue@cfscc.org or (831)662-2010.
