FINANCIALS

ASSETS, CONTRIBUTIONS
& GRANTS

 

Strong investment returns coupled with continued high contributions led to a $70 million increase in assets from June 30, 2018, reaching an all-time high of $1.81 billion. Our asset portfolio is divided into four categories that reflect the many types of partnerships between the California Community Foundation and our donors: Permanent Discretionary Funds, Donor Advised Funds, Permanent Restricted Funds and Other Funds.

 

OVERVIEW OF ASSETS

in thousands

PERMANENT DISCRETIONARY FUNDS
are permanent gifts entrusted to CCF by individuals, families and organizations who understand the flexibility offered by unrestricted gifts. They allow CCF to adapt grantmaking to the evolving needs of Los Angeles for generations to come. These assets represented $538. million, 30 percent of our total assets.

asset

DONOR ADVISED FUNDS
are donor-directed charitable funds or foundations started by donors who choose CCF to help them realize their philanthropic visions and goals. These funds accounted for $767 million, 42 percent of our total assets.

asset 2

PERMANENT RESTRICTED FUNDS
are donor-designated funds for use at a specific organization through a legacy or a bequest. These assets made up $141 million, 8 percent of our total assets.

asset 3

OTHER FUNDS
include private foundation alternatives, regional affiliates, trusts, community benefit funds and charitable gift annuities, among others, and constituted $375 million, 20 percent of our total assets.

asset 4

OVERVIEW OF CONTRIBUTIONS

in thousands

$256 Million in Charitable Contributions
This year, the passion and generosity of CCF’s donors and partners led to $256 million in charitable contributions. Donor Advised Fund contributions saw a 13 percent increase over the previous year, while Permanent Discretionary Contributions more than tripled, thanks to the 22,000 donors who gave nearly $18 million to CCF’s Wildfire Relief Fund.

2018 overview
2019 overview

OVERVIEW OF GRANTS

in thousands

$233 Million in Grants
This year, CCF made more than 7,500 grants totaling nearly $233 million. Permanent Discretionary grants rose by 41% to more than $26 million, while Other Fund grants dropped by $22 million from the previous year. Grants to Los Angeles County nonprofits were $121 million, or 52 percent of total grants.

grants 2018
grants 2019

“IT FEEDS YOUR SOUL. IT GIVES YOU PASSION AND A REASON TO LIVE WHEN YOU HELP OTHER PEOPLE AND SEE THE JOY IN THEIR FACES.”

PAT AND IRA COHEN, CCF Donors

FINANCIAL STATEMENTS*

California Community Foundation and affiliates, consolidated (in thousands)

BALANCE SHEET

ASSETS

6/30/2019

6/30/2018

Cash and investments

$1,702,961

$1,656,401

Receivables and other assets

112,302

89,155

Total assets

$1,815,263

$1,745,556

LIABILITIES AND NET ASSETS

Liabilities

$172,703

$172,670

Net assets

1,642,560

1,572,886

Total liabilities and net assets

$1,815,263

$1,745,556

INCOME STATEMENT

REVENUE

FYE 6/30/2019

FYE 6/30/2018

Contributions

$255,768

$293,740

Other revenue

65,571

68,929

Total revenues

$321,339

$362,669

EXPENSES

Grants

$232,936

$242,294

Other expenses

18,729

29,453

Total expenses

$251,665

$271,747

Change in net assets

69,674

90,922

Net assets at beginning of year

1,572,886

1,481,964

Net assets at end of year

$1,642,560

$1,572,886

The California Community Foundation 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.

*A full copy of the audited financial statements is available online at calfund.org/audit or by calling 213.413.4130. These abbreviated financial reports are unaudited.

GRANTMAKING

Discretionary Grants by Impact Area (in thousands)

Every year, the California Community Foundation and our donors help transform the lives and futures of tens of thousands of people, in L.A. County and around the world. We are proud toachieve this impact while remaining committed to efficient and effective service, managing more than 1,700 charitable funds while maintaining overhead expenses at less than one percent of assets. The charts below provide a snapshot of grants for the fiscal year ended June 30, 2019.

 

 

GEOGRAPHIC DISTRIBUTION OF GRANTS

(in thousands)

LA COUNTY GRANT DISTRIBUTION

(in thousands)
Grant totals include adjustments to grants approved in prior years and grants made between funds at CCF.

* Discretionary grants depicted above include grants from Permanent Discretionary Funds as well as certain other grants made at the discretion of CCF. 

** Grant totals include adjustments to grants approved in prior years and grants made between funds at CCF.

financial report infographic

ABOUT CCF FINANCIALS