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Impact Report

Information on Our Impact and Finances as of September 2018

Message to the Community

During my first year leading Community Foundation Santa Cruz County, I have been filled with optimism about the future of our county. Yes, our problems are serious but it is also true that our neighbors are as mighty as the issues that face us. Each and every day in our community, many of us turn passions and resources into positive actions that improve and enhance this special place we call home. I am so fortunate to connect people, places and ideas to help mobilize resources for our future.

- Susan True, CEO

As Board President for 2018 and 2019, I see the Foundation as a place where we unite people through generosity and accelerate solutions to community issues. In 2017, I had the pleasure of welcoming Susan True as our new CEO. Together, the Board and Staff are building on our legacy of giving and stewardship toward a future where the people of Santa Cruz County can thrive.

- Marilyn Calciano, CFSCC Board President

Our Board Of Directors

(clockwise from left): Treasurer David Doolin, Kirk Schmidt, Cynthia Druley, Trevor Strudley, Larry Donatoni, CEO Susan True, Carlos Palacios, Jim Weisenstein, President Marilyn Calciano, Tonée Picard, Janet Heien, Judy Franich, Vice President Freny Cooper, Emily Buchbinder, Liliana Diaz, Secretary Julie Haff. Not pictured: Fred Keeley, Rogelio Ponce Jr., and Sandy Skees.

Statement of Financial Position

Fiscal Year Ending December 31, 2017

ASSETS

  • Cash & Equivalents $1,045,637
  • Investments at Fair Market Value $119,460,391
  • Charitable Trusts Assets $2,374,494
  • Grants Receivable $423,192
  • Deposits and Prepaid Expenses $37,774
  • Fixed Assets (net of depreciation) $7,713,828

TOTAL ASSETS $131,055,316


LIABILITIES

  • Accounts Payable & Other Liabilities $127,079
  • Grants Payable $916,549
  • Agency Funds Liability $14,569,968
  • Charitable Trusts Liability $1,199,421
  • Charitable Gift Annuities Liability $753,246
  • Note Payable Tax Exempt Bonds $1,104,378

TOTAL LIABILITIES $18,670,641

TOTAL NET ASSETS $112,384,675

TOTAL LIABILITIES & NET ASSETS $131,055,316

By the Numbers

  • Grew to $131 Million Total Assets
  • Agency Fund Investments - $15.2M - Helping 40 Nonprofits Build Charitable Funds
  • # of Donor-Advised Grants - +26% - Over Prior Year (as of July 2018)
  • Annual Grants - $6.3M in 2017
  • Serving 500+ Nonprofit Organizations

Values-Based Investing

One donor is fulfilling a vision to prove gender equity pays off. Their family’s Donor-Advised Fund, the Women’s Inclusion Fund, invests in stocks with strong records of women in senior management roles. The investment advances workplace equity issues and earnings will support grants to nonprofits and programs empowering girls to achieve.

Accelerating Change

Our new Community Investment Revolving Fund offers cost-effective loans that yield both financial and social gains. In partnership with a donor, $2.5M is currently deployed in Santa Cruz County helping local teachers buy new homes, small farmers access capital to grow their operations, and financing affordable home construction.

Seeding Success

Over 30 students in our Girls in Pajaro Valley Initiative at Lakeview Middle School benefit from an extra six hours per week of academic support, social emotional learning, and college and career exploration. The three-year project, supported by the work of six local community partners, has the girls paving their way to future success in the classroom and beyond.

Learn more about our charitable solutions that support your vision and goals for Santa Cruz County by contacting our Philanthropic Services Director, Sam Leask.

Contact Sam