I am honored to serve as chair of the Audit Committee of the California Community Foundation’s Board of Directors. The foundation’s commitment to efficiency, transparency and strong financial management play a pivotal role in upholding our responsibilities to our donors and the communities we serve. By meeting regularly with CCF’s management and finance staff, the Audit Committee ensures rigorous fiscal controls and adherence to strict governance and administrative standards. I am pleased to present CCF’s financial statements for the fiscal year ended June 30, 2016. We worked closely with our professional independent auditors at KPMG LLP to provide an accurate representation of our organization’s health and stability.
Meloni M. Hallock
Audit Committee Chair and Board Member
California Community Foundation and aﬃliates consolidated (in thousands)
CCF maintains operating expenses at less than one percent of assets. We are committed to efficiency in order to maximize the impact of our donors’ charitable contributions.
*The California Community Foundation works with an independent public accounting firm to perform an audit of its records and financial statements. A full copy of the audited financial statements is available online at calfund.org/Audit or by calling 213.413.4130. The above abbreviated financial reports are unaudited.