Financials & Reports
Annual Report
Every year, we create an Annual Report that reflects on our collective impact over the past year.
Each report provides a snapshot of the gifts we've received, grants we've awarded, and the people and organizations we partner with to support a region of healthy, resilient, thriving communities for all.
Past Annual Reports
Financials
Leveraging our resources to ensure organizational strength and stability is a key strategic goal. We know that this is essential to our ability to effectively invest in the people and places of our region and contribute to thriving communities.
We strive to promote fiscal strength, operational effectiveness, and thoughtful stewardship of the assets entrusted to us. We welcome you to review our audited financial statements and 990s.
For questions, please reach out to our Vice President of Finance and Administration, Paul Kester at pkester@gtrcf.org or (231) 935-4066 ext. 103.
Audited Financial Statements & 990s
Statement of Activities
- 20242024 Statement of Activities
Net assets at beginning of yr $96,027,161 Endowment gifts $1,915,458 Non endowment gifts $762,723 Total gifts $2,678,181 Investment and other income $7,100,038 Unrealized market gain or (loss) $4,873,655 Total revenue $14,651,874 Endowment grants $2,945,238 Non endowment grants $821,705 Total grants $3,766,943 Operating expenses $1,461,420 Other expenses $126,245 Total grants and expenses $5,354,608 Net assets at year end $105,324,426 - 20232022 Statement of Activities
Net assets at beginning of yr $86,156,562 Endowment gifts $689,112 Non endowment gifts $571,576 Total gifts $1,260,688 Investment and other income $3,586,292 Unrealized market gain or (loss) $10,140,328 Total revenue $14,987,308 Endowment grants $2,891,046 Non endowment grants $663,943 Total grants $3,554,989 Operating expenses $1,462,309 Other expenses $99,411 Total grants and expenses $5,116,709 Net assets at year end $96,027,161 - 2022
2022 Statement of Activities
Net assets at beginning of yr $104,074,466 Endowment gifts $820,639 Non endowment gifts $782,857 Total gifts $1,603,495 Investment and other income $3,352,720 Unrealized market gain or (loss) -$18,012,782 Total revenue -$13,056,567 Endowment grants $2,762,705 Non endowment grants $678,293 Total grants $3,440,998 Operating expenses $1,283,195 Other expenses $137,146 Total grants and expenses $4,861,338 Net assets at year end $86,156,562
Endowment Investment Policy
Gifts to the Community Foundation become part of the assets that we steward for the benefit of our community. We invest the gifts we receive so that they grow and maximize the resources available to address both immediate and long-term community needs.