By the Numbers
The Putnam County Community Foundation is certified as meeting ethical and operational standars at both state and national levels, and obtains an external audit every year. The figures above are based upon the audited financial statements completed by Blue & Company for the stated period. Copies of the complete audit report are available upon request or can be found online by clicking here.
As of December 31, 2019
Number of active funds 298
Number of donors served in 2019 960
Since inception in 1985
Cumulative contributions $31,439,881
Cumulative grants & scholarships $16,051,747
Cumulative number of donors served 7,757
Average annual returns, MGP net 8.57%
STATEMENT OF FINANCIAL POSITION ON DECEMBER 31, 2019
ASSETS
Cash and Cash Equivalents $790,076
Pledges and Other Receivables $12,283
Prepaid Expenses $16,139
Investments (Fair Market Value) $34,399,731
Property and Equipment, Net $435,255
Property Held for Sale $2,720
Beneficial Interest in Charitable-Remainder Trusts $129,503
Beneficial Interest in Life Insurance $170,534
Total Assets $35,956,241
LIABILITIES
Accounts Payable $2,553
Accrued Wages $22,174
Gift Annuities Payable $58,347
Long-Term Debt $112,252
Deferred Revenue $42,283
Total Liabilities $237,609
FINANCIAL ACTIVITY DURING THE YEAR ENDING December 31, 2019
SUPPORT AND REVENUE
Contributions, pledges, sponsorships, grants $1,417,512
Investment Returns $5,968,989
Building and other income $32,781
CRT and gift annuity change in value ($2,274)
Total support and revenue $7,417,008
EXPENSES
Grants, scholarships, projects (paid) $1,011,382
Program related expenses $213,606
Administrative expenses $235,412
Fundraising expenses $99,103
Investment fees $100,295
Total expenses $1,659,798
Beginning of the Year Total Assets: $30,682,584
End of the Year Total Assets: $35,956,241