Financials
Although funds of $250,000 or more can be managed on a segregated basis to accommodate our donors’ range of preferences, our commingled investments continue to be governed prudently using roughly a 35–40% cash or fixed, 60–65% equity asset allocation. This consistent and conservative approach is fundamental to The Community Foundation of Middle Tennessee’s appreciation for its unique role as a steward of our “community’s charitable savings account.”
We understand fully that our commitment is both to the current generation and to those that will follow.
SUPPORT AND REVENUE
- $24,607,083.00Net Realized/Unrealized Gain on Investment
- $70,255,961.00Contributions and Income
- $94,863,044.00TOTAL
EXPENSES
- $24,086.00In-Kind Services
- $915,560.00Investment Management and Custodial Fees
- $2,688,625.00Management and General
- $113,290.00Depreciation
- $8,655,827.00TOTAL
GRANTS, ASSETS & PLANNED GIVING
- $44,664,210.00Grants
- $412,697,685.00Assets
- $72,040.00Planned Gifts*
A HISTORY OF GIVING
A YEAR IN REVIEW: 2010
- Total support and revenue$94,863,044.00
- New Funds Created72
- Number of Gifts Received28,381
AUDIT
The financial statements of The Foundation for the year ended 12/31/2010 have been audited by Kraft Bros., CPAs, PLLC. Copies of their unqualified opinion and the complete financial report area available at no charge by calling (615) 321-4939 or toll free (888) 540-5200. The condensed financial information presented here was prepared by The Foundation and does not reflect The Financial Accounting Standards Board issued Statement Number 136, transfers of assets to a not-for-profit organization or charitable trust that raises or holds contributions for the benefit of others (FAS 136).
Figures do not include expenses incurred as a result of special services specifically requested by donors. Mutual Fund expenses are not included in the Investment Management Custodial Fee.
* The above planned gifts represent future gifts of which The Foundation has been informed. They are not current assets of The Community Foundation.
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