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As a public charity, the California Community Foundation adheres to the highest standards to operate in the public view and the public interest. Our federal tax returns, Internal Revenue Service letters verifying our 501(c)(3) tax-exempt public charity status and our audited financial statements are available below.
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Audited Financial Statements
Five-Year History of Assets, Contributions and Grants
These charts compare the foundation's assets, contributions and grants over the past five years (in thousands). View these charts in the foundation's latest annual report. Year ended June 30, 2007 (in thousands)
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Assets Contributions and Grants by Fund Type
Year ended June 30, 2007 (in thousands)
View these charts in the foundation's latest annual report.
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Federal Tax Returns
IRS Determination Letters
IRS Determination Letters 1988, 1989 and 1995 (PDF)
Administrative Fees
Administrative fees charged to funds cover general operating costs including gift establishment, receipt of assets and contributions, grants and fund administration, research into nonprofit agencies and issue areas and other donor services. Investment management and consulting fees related to the foundation's investment pools are charged separately. Additional fees may be charged for any mutually agreed upon extraordinary legal, banking or other services rendered on behalf of a fund. View the Administrative Fee Schedule for more information.
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Investment Pools
As the fiduciary for charitable funds, the foundation is responsible for ensuring that an investment strategy aligns with the charitable purposes and philanthropic goals of a fund. To enhance efficiency and reduce the cost of operations, contributions to funds are pooled with donations from other donors for investment management and administrative purposes. Upon creating a fund, the foundation assigns it to one of the following pools:
Permanent Pool: invested for long-term growth and appreciation across multiple investment managers. The current target asset allocation of this pool is 50 percent equities, 20 percent fixed-income and 30 percent alternative investment strategies. View this pool's investment policy. View this pool’s fourth quarter performance report.
Socially-Responsible Pool: invested in mutual funds providing for multiple social screens and a long-term investment objective, with an asset allocation of approximately 70 percent equities and 30 percent fixed-income investments.
Short-Term Pool: designed for funds with short-term purposes or goals. Its holdings include money market, commercial paper and short-term bonds with a goal of principal preservation and income generation. View this pool's investment policy.
The California Community Foundation works with a diverse group of investment managers to ensure the success of its investment pools. View a list of traditional investment managers and hedge fund program managers.
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