815-801-3035 info@freeportcf.org

Financial Health

Freeport Community Foundation

The board members of the Freeport Community Foundation take their role as stewards of the Foundation’s funds very seriously. We are proud of our success in striking a balance between the desires to increase our assets while also addressing the needs of the community through grants.

As our funds grow, so does our ability to respond to community needs, as evidenced by the fact that in 2021, the Board of Directors awarded 41 grants totaling $213,295.97 to 34 local non-profit 501 (c)(3) organizations in support of their special initiatives, programs, and services.. Since 2012, we have granted $1,592,078.00 or an average of $159,078.00 per year for the past 10 years. We have made over 355 grants in that 10-year period.

For information on the Freeport Community Foundation’s investment objectives and policies, the names of the Foundation’s current investment consultant and investment managers, audited financial statements, and IRS form 990, please contact the Executive Director of the Freeport Community Foundation at 815-801-3035 or email director@freeportcf.org.

Investment Policy

The Freeport Community Foundation’s assets are managed by a local wealth management service in accordance with an Investment Policy approved by the Board of Directors.

PDF format. 463 KB

Stewardship Summary

Our investment policy is structured to maximize the inflation adjusted total return of the portfolio, while minimizing risk through broad diversification of asset classes, commonly known as a  Stewardship Summary

PDF format, 82 KB

Condensed Financial Statement

The Foundation also publishes an Abridged Summary of our financial review, depicting revenue, expenses, assets, and liabilities.

PDF format, 12 KB

 

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