32
1 3% 0% 5% 5% 5% 6% 5% 10% 2% 0% 4% 0% 3% 6% 9% 7% 3% 6% 6% 0% 4% 1% 3% 5% 10% 2% 9% 6% 0% 7% 2% 0% 1% 0% 0% 0% 10% 1% 1% 0% 0% 12% Community Foundation Databook PUBLISHED IN 2019
1
13%
20%
5%
5%
5%
6%
5%
10%
2%
0%
4%
0%
3%
6%
9%
7%
3%
6%
6%
0%
4%
1%
3%
5%
10%
2%
9%
6%
0%
7%
2%
0%
1%
0%
0%
0%
10%
1%
1%
0%
0%
12%
Community Foundation Databook PUBLISHED IN 2019
2
WelcomeThe Community Foundation Databook is one of the longest standing surveys produced at CMF and one of the most comprehensive statewide looks at community foundations to exist in the field. It serves as an important benchmarking tool for key operational and financial indicators, as well as a collective story of community foundation giving to leverage when advocating with state and national government.
This databook represents perhaps the most comprehensive look at Michigan community foundations available, and it is CMF’s commitment to you to provide this information annually for your planning and benchmarking purposes.
New this year: This year’s databook shows the results from a new set of questions asked in the 2019 survey focusing on office space. We’ve traditionally asked community foundations whether they own or lease their office space but now the data goes a step further to ask those who their space whether they have tenants and whether their space is made available for community convenings. You can see the results on Page 20!
Thank you for your time and commitment to providing this information each year. Your efforts benefit your community foundation peers as well as the field at large. This information is critically important to providing visibility to overall trends and norms in community foundation giving.
This publication is developed collaboratively within CMF, with multiple departments coming together to ensure we provide the best possible publication to meet your needs. This 2019 edition was made possible with outstanding support from Alexandra Zisser, our former Skillman Foundation Learning and Impact Fellow who is now completing a Master’s degree program overseas.
We hope you find the data informative and helpful in your planning. Please know that we welcome your comments or questions at any time.
With gratitude,
Dave LindbergChief Financial OfficerCMF
Andrea Judd ShurmurDirector of Learning Services CMF
3
Table of ContentsSECTION I: Assets, Gifts and Grants...........................................................................................5
• Data Summary by Assets• Asset Size, Gifts Received, Grants Made• Gifts from Online Giving• Gift Type• Grants Made (Largest in the Year, Total for the Year)• Funding Areas and Funds (Types, Total Number)• Five-Year Analysis of Gift Types• Five-Year Analysis of Assets, Gifts and Grants
SECTION II: Finance and Operations...........................................................................................18
• Full-Time Employees and Wage Increases• Real Estate• Transactions• Fees on Funds• General Spending Policy• Rolling Quarters• Donor Advised Funds• Underwater Funds• Unused Spendable Income• Annualized Rate of Return
SECTION III: Other Data...............................................................................................................24
• Program Related Investments (PRIs) and Mission Related Investments (MRIs)• Geographic Affiliates• Technology (Vendors, Software Use)
4
Methodology and Data With 57 community foundation members in Michigan, the CMF Community Foundation Databook represents the most complete picture of community foundations in our state, with 51 respondents.
The community foundation databook data is gathered through an online survey. Each community foundation receives a unique log-in and password to their respective survey. The survey can be saved and does not need to be completed at one time. Often the survey is completed by more than one individual in a community foundation, as the data spans departments and functional areas. The survey is voluntary and all questions are optional. Each question notes the number of responses received.
The data represented in this databook was collected during the months of June-August 2019. Where applicable, a year-over-year comparison is noted, however the quantity of respondents varies slightly from year-to-year, so this is not an exact comparison and shouldn’t be taken as such.
Prior to finalizing the databook, each community foundation received back their raw dataset as it was submitted and was given opportunity to review the data and make any updates to account for any erroneous data entry errors.
There are limitations to this data. They include, but may not be limited to: human error in data entry, different interpretations of the questions being asked, different definitions across organizations and incomplete data to work from on the community foundation side.
Fiscal Year End Date for ReportingFor the survey administered in 2019, foundations were asked to indicate the end date of the fiscal year for which they were reporting data. The majority of respondents indicated their fiscal year end date was December 31, however some respondents have an end date of March 31, June 30 or September 30.
5
SECTION I Assets, Gifts & Grants
6
Section 1: Assets, Gifts & GrantsCommunity Foundation Data SummaryBy Assets as of Last Fiscal Year EndCommunity Foundation AssetsCommunity Foundation for Southeast Michigan
Kalamazoo Community Foundation
Grand Rapids Community Foundation
Fremont Area Community Foundation
Community Foundation of Greater Flint
Community Foundation for Muskegon County
Battle Creek Community Foundation
Ann Arbor Area Community Foundation
Grand Haven Area Community Foundation
Capital Region Community Foundation
Midland Area Community Foundation
Community Foundation of the Holland/Zeeland Area
Community Foundation of St. Clair County
Saginaw Community Foundation
Grand Traverse Regional Community Foundation
Community Foundation for Northeast Michigan
Petoskey-Harbor Springs Area Community Foundation
Bay Area Community Foundation
Charlevoix County Community Foundation
Barry Community Foundation
Greenville Area Community Foundation
Jackson Community Foundation
Community Foundation of the Upper Peninsula
Sturgis Area Community Foundation
Lenawee Community Foundation
Manistee County Community Foundation
Michigan Gateway Community Foundation
Gifts Received Grants Made $872,627,525.00
$479,088,420.00
$346,686,730.00
$229,330,235.00
$224,110,422.00
$202,008,586.00
$133,802,350.00
$127,367,298.00
$118,081,690.00
$95,187,057.00
$94,332,894.00
$81,441,030.00
$71,784,587.00
$63,137,708.00
$57,827,422.00
$47,831,062.00
$43,703,540.00
$40,445,953.00
$36,874,447.00
$35,206,754.00
$30,764,154.00
$27,199,482.00
$26,781,835.75
$24,912,136.00
$24,907,961.00
$24,120,852.00
$20,669,164.50
$94,263,853.00
$11,774,358.75
$13,641,584.00
$5,917,999.00
$4,768,097.00
$9,003,202.30
$6,184,175.00
$7,651,747.50
$5,163,985.00
$3,402,659.00
$7,276,741.00
$18,713,062.00
$2,773,503.00
$5,238,229.00
$4,502,690.00
$1,517,547.00
$3,096,962.00
$3,349,573.00
$2,583,398.00
$2,957,094.00
$582,468.00
$1,283,357.00
$1,215,799.67
$499,066.71
$1,562,298.00
$1,298,762.00
$1,051,025.88
$93,744,538.00
$17,701,112.00
$12,454,868.01
$7,306,372.63
$10,521,151.00
$11,556,047.00
$10,655,159.00
$7,423,110.25
$8,775,063.00
$3,843,355.83
$4,530,037.00
$5,878,525.57
$2,862,388.00
$2,629,998.00
$2,713,559.00
$3,386,566.00
$2,783,042.00
$1,881,431.00
$2,579,722.00
$1,043,133.00
$1,503,551.76
$822,581.59
$1,479,587.92
$812,910.43
$2,214,301.00
$424,316.00
$702,751.00
7
Community Foundation AssetsMt. Pleasant Area Community Foundation
Allegan County Community Foundation
Hillsdale County Community Foundation
Community Foundation of Marquette County
Gratiot County Community Foundation
Four County Community Foundation
Marshall Community Foundation
Mackinac Island Community Foundation
Tuscola County Community Foundation
Community Foundation of Greater Rochester
Dickinson Area Community Foundation
Frankenmuth Community Foundation
M&M Area Community Foundation
Shiawassee Community Foundation
Lapeer County Community Foundation
Community Foundation of Monroe County
Branch County Community Foundation
Roscommon County Community Foundation
Sanilac County Community Foundation
Leelanau Township Community Survey
Albion Community Foundation
Huron County Community Foundation
Canton Communinty Foundation
Otsego Community Foundation
Keweenaw Community Foundation
2019 Survey Totals
Change from 2018 totals
Gifts Received Grants Made
Responses: 51Includes supporting organizations and affiliates.
$20,600,492.00
$18,280,317.00
$18,076,016.00
$16,246,883.26
$14,706,607.00
$14,682,686.00
$14,497,672.00
$12,025,450.36
$11,924,334.00
$11,500,942.00
$10,282,039.00
$9,776,401.97
$9,733,897.00
$9,609,682.00
$9,518,618.91
$9,366,628.00
$7,431,508.00
$6,915,674.00
$5,936,619.72
$5,558,455.00
$4,969,379.00
$4,618,455.00
$4,200,000.00
$4,109,299.58
N/A
$3,834,799,352
-5%
$2,114,560.10
$453,634.35
$1,028,856.00
$961,333.05
$903,012.00
$332,076.00
$524,229.00
$569,250.00
$539,814.73
$4,339,552.08
$1,504,128.00
$1,983,183.06
$1,246,090.00
$498,946.64
$456,488.18
$525,483.00
$277,038.00
$300,202.00
$520,682.26
$932,476.00
$332,031.00
$425,120.00
$644,000.00
$828,895.16
N/A
$237,335,561
-16%
$627,314.83
$673,233.00
$683,766.26
$685,744.43
$575,880.00
$532,684.00
$867,882.00
$555,048.00
$455,013
$2,083,690.71
$328,556.00
$2,393,695.34
$965,880.00
$293,888.83
$318,715.70
$540,954.00
$848,652.77
$296,887.00
$153,557.30
$257,070.00
$203,239.00
$279,088.11
$217,033.00
$648,410.03
N/A
$237,260,048
+11%
8
Number of Community Foundations by Asset Size
Number of Community Foundations by Gifts Received
Number of Community Foundations by Grants Made
Section 1: Assets, Gifts & Grants
Assets shown in millions • Responses: 51
Gifts shown in millions • Responses: 49
Grants shown in millions • Responses: 49
9
Number of Community Foundations by Percentage of Gifts from Online Giving
Gift Type Breakdown
Responses: 49
Responses: 49
Examples of “Other” responses include artwork and real estate.
10
Responses: 49
Values shown in millions, rounded to one decimal.
Largest Annual Grants Made by a Single Community FoundationBy Field of Interest
Section 1: Assets, Gifts & Grants
11
Responses: 49
Values shown in millions, rounded to one decimal.
Total Annual Grants MadeBy Field of Interest
12
Average Percent of Operations Budget by Funding Area Based on Asset Size
Fees on Funds
Admin. Endowment Fund
Sponsorships
Annual Fundraising Event Third Party Grants
In-kind Support
Grants to Yourself
Fee for Service
Private Donations
Asset Category
$0 to $5
$5+ to $10
$10+ to $20
$20+ to $50
$50+ to $100
$100+ to $200
$200+
48%
78%
81%
79%
84%
87%
81%
Fees on Funds
Admin Endowment Fund
Annual Fundraising Event
Sponsor-ships
Grants to Yourself
Private Donations OtherThird Party
GrantsFee for Service
In-kind Support
27%
31%
1%
9%
7%
0%
2%
20%
6%
15%
22%
9%
3%
6%
17%
35%
4%
4%
13%
0%
0%
13%
20%
5%
5%
5%
6%
5%
10%
2%
0%
4%
0%
3%
6%
9%
7%
3%
6%
6%
0%
4%
1%
3%
5%
10%
2%
9%
6%
0%
7%
2%
0%
1%
0%
0%
0%
10%
1%
1%
0%
0%
12% Assets shown in millions Responses: 48
Other
12
Section 1: Assets, Gifts & Grants
13
Average Fund Type Breakdown by Asset Size
Asset Category
$0 to $5
$5+ to $10
$10+ to $20
$20+ to $50
$50+ to $100
$100+ to $200
$200+
13%
8%
6%
10%
18%
10%
11%
ScholarshipUnrestrictedDesignated Field of Interest
Donor AdvisedAgency AffiliateSupporting
Org. Other
16%
13%
18%
22%
15%
13%
15%
21%
7%
10%
15%
19%
12%
17%
0%
0%
0%
0%
1%
1%
11%
15%
17%
18%
13%
14%
19%
24%
13%
16%
22%
20%
19%
23%
12%
22%
34%
26%
18%
13%
13%
5%
0%
4%
0%
1%
0%
3%
3%
1%
1%
0%
2%
2%
6%
3% Assets shown in millions Responses: 49
13
Agency
Designated
Donor Advised
Supporting Org. Affiliate
Scholarship Other
Field of Interest
Unrestricted
14
Endowed vs. Non-Endowed Breakdown by Asset Size
Asset Category
$0 to $5
$5+ to $10
$10+ to $20
$20+ to $50
$50+ to $100
$100+ to $200
$200+
$562,746
$700,924
$966,866
$3,254,365
$13,393,286
$12,139,919
$39,811,089
ScholarshipUnrestrictedDesignated Field of Interest
Donor AdvisedAgency AffiliateSupporting
Org. OtherAdmin
$685,766
$1,404,178
$2,432,822
$6,525,420
$10,800,516
$16,322,821
$55,194,019
$888,805
$532,940
$1,400,547
$4,400,746
$13,736,445
$15,137,237
$63,641,998
N/A
$76,970
$955
$932,559
$1,885,906
$1,080,783
$42,513,307
$642,175
$1,581,805
$2,466,508
$4,015,350
$9,934,236
$23,114,073
$88,197,945
$568,994
$1,254,311
$3,072,449
$6,078,851
$14,015,358
$27,738,023
$43,599,355
$935,588
$2,683,445
$3,549,178
$5,354,663
$9,400,313
$15,933,002
$20,344,605
N/A
$576,688
N/A
$1,320,191
$453,216
$5,235,196
$14,193,456
$590,523
$1,036,682
$1,644,531
$16,951,207
$12,932,798
$5,559,503
$25,887,921
$53,135
$316,836
$114,295
$736,964
$1,996,372
$7,915,197
$10,008,287
Average Assets by Fund Type
Endowed
Non-Endowed
Asset categories shown in millions • Responses: 49
Asset categories shown in millions Responses: 49
14
Section 1: Assets, Gifts & Grants
15
Asset Category
$0 to $5
$5+ to $10
$10+ to $20
$20+ to $50
$50+ to $100
$100+ to $200
$200+
8
10
17
36
81
136
158
ScholarshipUnrestrictedDesignated Field of Interest
Donor Advised
Agency AffiliateSupporting Org.
Other*Admin
14
19
32
62
87
93
153
16
7
14
31
76
123
197
-
10
1
1
1
16
27
3
4
10
25
31
62
71
11
14
21
29
44
86
74
22
43
52
81
126
155
95
-
5
-
6
2
82
123
2
1
1
4
3
19
2
4
3
2
21
16
102
42
Average Number of Funds by Asset Category and Fund Type
Number of Community Foundations by Total Funds
Number of Funds
“Other” responses included: Capital campaign funds; Charitable gift annuities; Community service funds; Conservation easement; Deferred gifts; Fiscal sponsorships; Projects / Special projects; and Split interest funds, among others.
Asset categories shown in millionsResponses: 49
16
Assets, Gifts and Grants Over the Last Five Years (2015 - 2019)
Gift Type Breakdown Over the Past Five Years (2015 - 2019)
Cash Securities “Other” Gifts
Year shown refers to year of publication • Values shown in millions
*
Five-Year Analysis
Year shown refers to year of publication • Values shown in millions
Section 1: Assets, Gifts & Grants
17
Grant Totals by Field of Interest Over the Past Five Years (2014 - 2018)
Interest 2015 2016 2017 2018
Do Not Report (Supporting Organizations, etc.)
Education and Instruction (non-scholarship)
Arts, Culture, and Humanities
Public Affairs and Society Benefit
Human Services, Multipurpose, Other
Community Improvement and Capacity Building
Philanthropy, Volunteerism and Grantmaking Foundations
Scholarships
Health: General and Rehabilitative
Youth Development
Recreation, Leisure and Sports, Athletics
Religious Related and Spiritual Development
Housing and Shelter
Environmental Quality, Protection, and Beautification
International, Foreign Affairs and National Security
Food, Nutrition, and Agriculture
Mental Health and Crisis Intervention
Employment and Jobs
Animal-related Activities
Disease, Disorder, and Medical Disciplines
Civil Rights, Social Action, and Advocacy
Public Safety, Disaster Preparedness and Relief
Medical Research
Public Protection, Crime, Justice, and Legal Services
Social Sciences
Science and Technology
$1.5
$43.6
$23.3
$28.9
$17.4
$27.3
$6.3
N/A
$7.7
$6.0
$4.7
$5.2
$4.7
$6.6
$0.5
$3.1
$1.0
$2.3
$1.5
$1.9
$1.4
$2.0
$0.5
$0.4
$0.1
$0.2
$2.0
$42.2
$23.4
$1.2
$15.8
$17.4
$5.9
N/A
$7.8
$7.6
$5.2
$6.4
$3.8
$4.1
$0.3
$2.0
$1.2
$2.0
$1.9
$1.0
$0.6
$1.6
$1.0
$0.6
$0.0
$0.1
$1.6
$48.4
$21.4
$21.4
$16.7
$14.8
$10.0
N/A
$10.1
$8.3
$5.2
$7.2
$4.2
$4.5
$0.3
$4.9
$1.3
$2.4
$1.4
$1.8
$1.0
$1.3
$0.8
$0.6
$0.0
$0.6
$3.8
$38.5*
$23.1
$21.4
$19.5
$16.9
$7.2
$19.2
$11.4
$8.9
$7.2
$9.5
$4.2
$6.3
$0.4
$3.3
$2.3
$1.8
$2.3
$1.9
$0.9
$1.7
$1.0
$0.8
$0.1
$0.1
N/A
$41.3
$25.5
$22.3
$21.7
$19.5
$16.9
$15.6
$12.7
$9.8
$9.1
$8.4
$6.2
$5.8
$3.3
$2.8
$2.6
$2.5
$1.8
$1.7
$1.5
$1.2
$0.6
$0.6
$0.6
$0.1
*Historically, the “Education and Instruction” field of interest category included scholarships. For 2018 and 2019, “scholarships” has been broken out into its own category.
2019 Change from Previous Yr.
N/A
7%
10%
4%
11%
15%
135%
-19%
11%
10%
26%
-12%
48%
-8%
725%
-15%
13%
39%
-22%
-11%
67%
-29%
-40%
-25%
757%
11%
Year shown refers to year of publication • Values shown in millions
Highlighting
18
SECTION II Finance & Operations
19
Section 2: Finance & Operations
27
Responses: 46
NO52%YES
48%
Asset Category
$0 to $5
$5+ to $10
$10+ to $20
$20+ to $50
$50+ to $100
$100+ to $200
$200+
0.9
0.8
1.0
1.0
1.0
1.0
1.4
CEO/Exec. Director
COO or Equivalent
Finance & Admin.
Program Development Commun-ications
Technology General Support
Other Total Staff Avg
0.0
0.0
0.0
0.8
1.0
1.0
0.0
0.4
0.9
0.7
1.1
1.6
2.8
5.6
0.4
0.5
0.9
1.7
2.5
5.5
8.1
0.3
0.0
1.0
0.8
0.8
2.3
5.5
0.3
0.2
0.8
0.8
1.0
2.3
2.3
0.0
0.0
0.0
0.3
0.0
0.8
1.5
0.5
0.6
1.2
1.1
1.0
5.5
1.5
0.0
0.1
0.0
0.5
0.0
2.0
1.7
1.7
1.9
2.1
4.6
7.9
18.7
25.2
Asset categories shown in millions • Responses: 51
Average Number of Full Time Employees By Department* by Asset Category
Planned Budget Wage Increase for Next Fiscal Year
10Community foundationswill increase their wages by less than three percent
27Community foundationswill increase their wages by three percent
9Community foundationswill increase their wages by more than three percent
20
Breakdown of Community Foundation Office Space
Responses: 22
Section 2: Finance & Operations
Community Foundations that Own Office Space and Have Tenants
Community Foundations that Own Office Space and Provide Community Convening Space
We asked foundations who own their office space two follow-up questions:
Responses: 50
Responses: 22
21
Average Number of Transactions Per Year by Asset Category
Number of Community Foundations by Fees on Funds
Fund Type
Pass-Through
Scholarship
Agency
Designated Fund
Field of Interest
Donor Advised
Unrestricted
Affiliate
Supporting Org
Other
7
1
3
3
1
2
1
2
1
1
0 - 0.49% 0.5 - .99% 1.0 - 1.49% 1.5 - 1.99% 2.0 - 2.49% 2.5 - 2.99% 3%+ Multiple / Tiered Fees
3
4
10
9
4
5
4
1
1
1
8
12
25
26
19
23
17
8
4
4
6
15
10
11
18
17
21
6
6
4
6
22
2
4
9
8
7
3
2
2
3
1
1
2
1
1
1
1
1
2
8
1
1
1
1
1
1
1
1
4
7
6
11
9
5
7
5
5
3
2
Asset Category
$0 to $5
$5+ to $10
$10+ to $20
$20+ to $50
$50+ to $100
$100+ to $200
$200+
134
333
328
512
1,080
1,865
2,455
Number of Grant Requests Received
Number of Grants Approved
Number of Gifts Received
Number of Funds
77
111
252
465
721
1,351
1,912
582
508
1,108
1,942
2,506
3,108
2,741
80
101
146
272
468
851
922
Asset categories shown in millions • Responses: 49
Responses: 49
Number of Community Foundations by Rolling Quarters in Spending Policy
Number of Rolling Quarters
Number of Community Foundations by General Spending Policy (GSP)GSP % Admin Fee Included
3-3.9%
4-4.9%
5-5.9%
6-6.9%
Other
Total
Admin Fee Excluded0
1
12
2
1
16
2
18
10
0
2
32
Responses: 48
22
Percent of Community Foundations that Allow Disbursements from Underwater Funds
Percent of Community Foundations that Allow Unused Spendable Income to Rollover to the Next Fiscal Year
NO22%
YES72%
NO28%
Number of Community Foundations with Donor Advised Funds (DAFs) that Receive Contributions from Private Foundations by Number of Applicable DAFs
Percent of Community Foundations that have a Policy on Inactive Donor Advised Funds
Section 2: Finance & Operations
Responses: 47
Responses: 30
Responses: 50
Does Not Allow 30%
Does Not Allow 20%
Responses: 50 Responses: 47
23
Annualized Rate of Return as of 12-31-18Fndtn1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
5 Yrs1.50%
5.06%
-
2.34%
4.28%
-
2.90%
4.00%
3.30%
3.35%
3.80%
3.60%
3.20%
-
7.14%
3.92%
6.40%
7.76%
3.91%
-
2.12%
0.00%
-
1.92%
5.67%
3 Yrs1.40%
6.64%
-
3.99%
5.43%
-
5.10%
5.63%
4.80%
4.27%
5.20%
5.00%
4.00%
-
5.82%
5.18%
7.60%
9.70%
5.39%
4.15%
4.47%
5.03%
-
3.68%
17.08%
1 Year-10.40%
-3.88%
-6.60%
-9.23%
-4.72%
-
-7.80%
-6.26%
-6.50%
-6.97%
-6.10%
-
-5.10%
-
-2.88%
-7.45%
2.00%
7.80%
-7.25%
-5.26%
-6.72%
3.78%
-
-8.46%
-7.32%
Asset Size$0 to $5
$0 to $5
$0 to $5
$0 to $5
$5+ to $10
$5+ to $10
$5+ to $10
$5+ to $10
$5+ to $10
$5+ to $10
$5+ to $10
$5+ to $10
$5+ to $10
$10+ to $20
$10+ to $20
$10+ to $20
$10+ to $20
$10+ to $20
$10+ to $20
$10+ to $20
$10+ to $20
$10+ to $20
$10+ to $20
$20+ to $50
$20+ to $50
10 Yrs-
10.07%
-
8.56%
-
8.26%
7.30%
-
6.20%
7.10%
7.50%
-
-
8.98%
-
7.57%
-
-
0.00%
0.00%
-
-3.87%
Fndtn26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
5 Yrs6.40%
4.22%
2.80%
-
2.44%
4.73%
3.02%
3.40%
3.40%
5.60%
4.92%
3.60%
3.30%
5.13%
3.10%
2.70%
3.89%
5.40%
4.20%
5.60%
4.27%
2.90%
3.20%
2.60%
4.60%
3.40%
3.89%
3 Yrs8.92%
5.12%
4.20%
-
4.57%
6.80%
4.84%
5.60%
5.20%
6.20%
5.97%
5.20%
5.40%
5.89%
5.40%
4.40%
5.56%
7.00%
6.00%
6.50%
5.38%
5.40%
5.50%
4.90%
6.30%
5.60%
5.68%
1 Year-6.43%
-5.26%
-6.20%
-
-7.01%
-7.06%
-4.51%
-8.40%
-7.30%
-7.20%
-5.98%
-7.30%
-8.10%
-3.68%
-5.83%
-6.30%
-6.86%
-11.20%
-4.80%
-4.80%
-6.71%
-6.80%
-8.30%
-6.60%
-7.40%
-5.30%
-5.88%
Asset Size$20+ to $50
$20+ to $50
$20+ to $50
$20+ to $50
$20+ to $50
$20+ to $50
$20+ to $50
$20+ to $50
$20+ to $50
$20+ to $50
$20+ to $50
$50+ to $100
$50+ to $100
$50+ to $100
$50+ to $100
$50+ to $100
$50+ to $100
$100+ to $200
$100+ to $200
$100+ to $200
$200+
$200+
$200+
$200+
$200+
$200+
10 Yrs8.53%
6.64%
-
8.01%
9.18%
6.84%
8.70%
9.10%
10.30%
11.96%
7.60%
7.40%
8.94%
6.20%
8.60%
12.22%
9.90%
8.20%
17.40%
8.18%
6.90%
8.40%
7.50%
10.00%
7.30%
7.82%Averages
Asset categories shown in millions • Responses: 51
24
SECTION III Other
25
Percent of Community Foundations who do Program Related Investing (PRI)
Percent of Community Foundations who do Mission Related Investing (MRI)
NO94%
YES6%
Impact Investing
Of 12 respondents, 11 report that none of their grantmaking dollars are included in the PRI pool, and 1 reports that 3% of their grantmaking dollars are included.
6 community foundations say that 1-2% of their corpus is included in their PRI pool and 6 community foundations report that 0% is included.
Responses: 50 Responses: 50
Mission Related Investing has remained consistent from the 2018 databook publication among respondents in percentage.
4 of 5 respondents who engage in Mission Related Investing perform due diligence in-house.
Oversight of the investments selection process for MRIs varied across each organization. The most common responses were the board of trustees, executive committee and impact investment committee.
Section 3
26
Reported Geographic AffiliatesLead Foundation AffiliateAnn Arbor Area Community Foundation
Barry Community Foundation
Barry Community Foundation
Battle Creek Community Foundation
Battle Creek Community Foundation
Bay Area Community Foundation
Canton Community Foundation
Community Foundation for Muskegon County
Community Foundation for Muskegon County
Community Foundation for Northeast Michigan
Community Foundation for Northeast Michigan
Community Foundation for Northeast Michigan
Community Foundation for Southeast Michigan
Community Foundation for Southeast Michigan
Community Foundation of Marquette County
Community Foundation of Marquette County
Community Foundation of Marquette County
Community Foundation of Monroe County
Community Foundation of St. Clair County
Community Foundation of St. Clair County
Community Foundation of St. Clair County
Community Foundation of the Upper Peninsula
Community Foundation of the Upper Peninsula
Community Foundation of the Upper Peninsula
Community Foundation of the Upper Peninsula
Community Foundation of the Upper Peninsula
Community Foundation of the Upper Peninsula
Community Foundation of the Upper Peninsula
Community Foundation of the Upper Peninsula
Community Foundation of the Upper Peninsula
Fremont Area Community Foundation
Fremont Area Community Foundation
AssetsYpsilanti Area Community Foundation
Delton Kellogg Education Foundation
Thornapple Area Enrichment Foundation
Athens Area Community Foundation
Homer Area Community Foundation
Arenac Community Fund
Community Foundation of Plymouth
Community Foundation
Community Foundation
Iosco County Community Foundation
North Central Michigan Community Foundation
Straits Area Community Foundation
Chelsea Community Foundation Fund
Community Foundation for Livingston County Fund
Greater Ishpeming Area Community Fund
Gwinn Area Community Fund
NEgaunee Area Community Fund
Greater Milan Area Community Foundation
Algonac-Clay Community Fund
Citizens for St. Clair Fund
Marysville Community Fund
Alger Regional Area Community Foundation
Community Foundation for Delta County
Community Foundation of the Upper Peninsula
Gogebic Ontonagon Community Foundation
Les Cheneaux Area Community Foundation
Paradise Area Community Foundation
Rudyard Area Community Foundation
Schoolcraft County Community Foundation
St Ignace Community Foundation
Lake County Community Foundation
Mecosta County Community Foundation
$2,376,263
$796,157
$2,000,547
$1,290,021
$3,158,199
$840,989
$1,000,000
$15,636,968
$11,519,231
$5,293,220
$5,082,237
$2,407,066
$2,231,313
$1,205,954
$1,254,775
$1,133,339
$801,790
$2,306,751
$251,739
$583,760
$70,932
$3,157,601
$16,322,258
$1,817,549
$132,937
$2,503,318
$441,625
$264,976
$602,600
$1,538,972
$4,487,553
$5,110,892
Section 3
27
Lead Foundation Affiliate Assets
35%Of respondents reported having
geographic affiliates
14Respondents have more than one
geographic affiliate
1Community foundation reported plans
to add more geographic affiliates
Fremont Area Community Foundation
Grand Haven Area Community Foundation
Grand Haven Area Community Foundation
Grand Rapids Community Foundation
Grand Rapids Community Foundation
Grand Rapids Community Foundation
Grand Rapids Community Foundation
Grand Rapids Community Foundation
Grand Rapids Community Foundation
Grand Rapids Community Foundation
Greenville Area Community Foundation
Greenville Area Community Foundation
Midland Area Community Foundation
Midland Area Community Foundation
Sturgis Area Community Foundation
Sturgis Area Community Foundation
Osceola County Community Foundation
Allendale Community Foundation
Coopersville Area Community Foundation
Cascade Community Foundation
East Grand Rapids Community Foundation
Hudsonville-Jenison Community Foundation
Ionia County Community Foundation
Sparta Community Foundation
The Lowell Area Community Fund
Wyoming Community Foundation
Lakeview Area Community Fund
Montcalm Panhandle Community Fund
Clare County Community Foundation
Gladwin County Community Foundation
Constantine Area Community Foundation
White Pigeon Area Community Foundation
$8,404,599
$2,572,199
$5,516,580
$481,389
$210,071
$367,259
$8,505,366
$1,019,951
$16,225,541
$570,044
$1,090,297
$257,764
$3,057,604
$3,046,105
$558,126
$433,666
28
Technology VendorsNumber of Community Foundations Utilizing Software by Area of WorkSoftware Donor GiftsAcademicWorks
Akoya
Akoya-Bromelkamp
Asana
AwardSpring
Blackbaud DonorCentral
Blackbaud FIMS
Blackbaud Financial Edge
Blackbaud Grantmaking/GIFTS Online
Blackbaud Raisers Edge
Bromelkamp Akoya
Bromelkamp Community Akoya
Bromelkamp Community Pearl
Bromelkamp eGrant
CFUP third party admin
Community Impact System/Intuit
CommunityForce
FIMS IGAM
Fluxx Grantmaker
Foundant for Community Foundations
Foundant for Grantmakers
Foundant for Scholarships Providers
Fusion Labs GrantedGE (Grant Edge)
Gift Works
Intacct
Jot Form
Mailchimp
Microsoft Access
Microsoft Excel
Microsoft Word
None
Questica
Quick Books
Grants Scholarships0
0
0
0
0
15
2
0
0
0
1
0
16
0
0
1
0
0
0
0
1
0
0
0
0
0
0
1
0
0
0
6
0
0
0
0
0
0
6
1
2
7
0
0
1
14
2
2
0
4
0
0
1
1
0
0
0
0
1
0
1
0
1
1
6
1
1
0
0
5
0
2
4
4
6
0
0
4
13
1
1
0
3
0
0
1
1
0
0
0
0
0
0
1
0
0
1
6
1
Accounting0
0
0
0
0
13
1
0
8
0
0
0
16
0
0
0
0
2
0
0
0
0
0
0
0
0
3
0
0
0
0
6
0
(Continued on next page)
Section 3
29
Software Donor Gifts Grants ScholarshipsAccounting0
0
1
0
0
0
6
1
0
0
0
1
1
0
1
6
1
1
0
0
1
1
0
0
6
0
1
1
0
0
0
0
0
6
0
0
Software Community Fundation UsersBasic
Blackbaud
Dominion Payroll Systems
Excel - Paychex
FIMS
IOI
Paychex
Paycor
PayrollMate
Pearl and Outsource
Quick Books
Sage Payroll Services
Maxwell Health
Paychoice
None
Other
2
1
1
1
3
1
3
2
1
2
6
1
1
0
16
10
HR / Payroll Software Used by Community Foundations
“Other” respondents most frequently report using ADP or outsourcing for their HR and Payroll services.
Quicken
Sage Intacct
Salesforce
Smarter Select
SmartSimple CF Grants Management
SmartSimple Donor Management
Stellar Tech. Solutions (iPhiCore)
Survey Monkey Apply
Youreka Forms
30
Number of Planned Software Transitions by Transitioning-to SoftwareSoftware Donor Gifts Grants ScholarshipsAccountingAwardSpring
Blackbaud DonorCentral
Blackbaud FIMS
Blackbaud Financial Edge
Blackbaud Grantmaking/GIFTS Online
Blackbaud Raisers Edge
Blackbaud via CFUP
Bromelkamp
Bromelkamp - Business Central
Bromelkamp Community Akoya
Bromelkamp Community Pearl
Bromelkamp eGrant
Community Akoya
CommunityForce
CommunitySuite by Foundant
Fluxx Grantmaker
Foundant for Community Foundations
Foundant for Grantmakers
Foundant for Scholarships Providers
Fusion Labs GrantedGE (Grant Edge)
Gift Works
Jot Form
Kaliedescope
Microsoft Access
Microsoft Excel
Microsoft Word
None
Sage Intacct
Salesforce
Smarter Select
SmartSimple CF Grants Management
SmartSimple Donor Management
Stellar Tech. Solutions (iPhiCore)
Survey Monkey Apply
Youreka Forms
0
0
0
0
0
1
1
1
0
0
1
0
1
0
1
0
1
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
0
0
1
1
1
0
1
1
1
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
1
3
1
0
1
1
0
0
0
0
0
0
1
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
1
1
1
0
1
0
1
0
1
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
Section 3
31
32
13%
20%
5%
5%
5%
6%
5%
10%
2%
0%
4%
0%
3%
6%
9%
7%
3%
6%
6%
0%
4%
1%
3%
5%
10%
2%
9%
6%
0%
7%
2%
0%
1%
0%
0%
0%
10%
1%
1%
0%
0%
12%
