ASSETS, CONTRIBUTIONS & GRANTS
The continued generous contributions from our donors and foundation partners has led to an over $713 million increase in assets from June 30, 2021, reaching an all-time high of $2.63 billion. Our asset portfolio is divided into four categories that reflect the many types of partnerships between CCF and our donors: Permanent Discretionary Funds, Donor Advised Funds, Permanent Restricted Funds and Other Funds
OVERVIEW OF ASSETS (in thousands)
Charts represent fiscal years ended June 30
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 $644 million, 25 percent of our total assets.
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 $1.3 billion, 49 percent of our total assets.
PERMANENT RESTRICTED FUNDS
are donor-designated funds for use at a specific organization through a legacy or a bequest. These assets made up $187 million, 7 percent of our total assets.
include private foundation alternatives, regional affiliates, trusts, community benefit funds and charitable gift annuities, among others, and constituted $515 million, 19 percent of our total assets.
OVERVIEW OF CONTRIBUTIONS (in thousands)
OVERVIEW OF GRANTS (in thousands)
$391 MILLION IN GRANTS This year, CCF made more than 8,125 grants of nearly $400 million, a 27 percent increase from the previous year.
Permanent Discretionary grants rose by 22 percent to more than $31 million, while the Foundation’s COVID-19 Response, Census 2020 and Youth Empowerment Initiatives (reflected in “Other”) totaled $99 million and resulted in a significant 43 percent increase. Grants to Los Angeles County nonprofits increased to $219 million representing 55 percent of total grants.
*Grant totals include adjustments to grants approved in prior years and grants made between funds at CCF.
CCF and affiliates, consolidated (in thousands)
Cash and investments
Receivables and other assets
LIABILITES AND NET ASSETS
Total liabilities and net assets
Change in net assets
Net assets at beginning of year
Net assets at end of year
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.
*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.