Message from the
CFO & VP of Finance


The California Community Foundation maintains a healthy financial position, reaching total assets of $1.8 billion as of June 30, 2019. In a year marked by financial market volatility, we earned $80 million in investment returns. Our donors showed their ongoing commitment to systemic change by contributing $256 million. Our grants totaled $233 million. This level of activity demonstrates continued growth in our ability to serve the philanthropic needs of Los Angeles County.

We consider it our responsibility to manage all of this activity with the highest level of fiscal responsibility and oversight. This year, we maintained our long-term perspective and strived for overall value and efficiency with our investments. During a time when market cycles shifted regularly between high risk and low risk, we held our own with a level head and a long-term view— the same sound, simple and enduring financial strategy we have used for decades.

CCF’s stability is exemplified by the continuity of our board, financial consultants and partners, and dedicated staff. Our Board of Directors provides the necessary oversight for sound financial planning and control. Our Investment Committee is comprised of board members and other volunteers, all of whom are widely respected and successful investors. They monitor capital markets, investment policies, asset allocation and outside investment managers. Together with a team of fiscal experts, from Meketa Investment Group to KPMG and including our partner banks and investment managers, our staff works diligently to ensure operational efficiency, transparency and service.

We are grateful to all our donors for entrusting us with their charitable dollars. Thank you for partnering with us in building Los Angeles together. We encourage you to contact us with any questions or comments about our financial activities.

Steven J. Cobb
Chief Financial Officer
Todd Yuba
Vice President, Finance


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.


California Community Foundation’s Investment Committee reports an Endowment Pool return of 5.5% for the one-year period ended June 30, 2019.

financial report infographic