Financials

Statement of Financial Position

June 30, 2015

Assets
Cash and cash equivalents $4,302,634
Certificates of deposit $308,788
Investments $68,994,952
Grants receivable & pledges & planned gifts $659,189
Property and equipment, net $812,479
Total Assets $75,078,042
Liabilities and Net Assets
Custodial Funds $7,970,147
Note Payable $555,813
Accounts Payable $1,454
Other Liabilities $191
Total Liabilities $8,527,605
Net Assets $66,550,437
Total Liabilites and Net Assets $75,078,042

Investments

Assets managed by the Community Foundation may be either held in cash and cash equivalents or invested in an investment pool. The investment pools contain a diversified mix of assets with a focus on steady growth over time, with consideration for the preservation of capital for our permanently endowed funds. Our investment pool is managed by an external investment manager, Mason Investment Advisory Services. Mason is a leader in investment management for the nonprofit sector. We also have a seasoned Investment Committee that oversees our investment management process and overall investment strategy. Charitable funds may also elect to keep their own personal investment advisor to manage the assets of the fund.

Financial Reporting

Download the Community Foundation’s most recently filed IRS Form 990s and other publically available financials.

990s

Audit Reports

Annual Reports

499 East High Street,  Suite 112,  Lexington, KY 40507

Email Us: info@bgcf.org  /  Call Us: 859.225.3343

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