Our Commitment to You: Our Recent Actions for Co-Creating a More Just Community
Your Community Foundation has recently made three financial decisions to advance social justice and support our community in a time of continued great need. We welcome your input and constructive criticism. We will have additional announcements about further actions in the coming months.
1-Due to continuing pandemic and social justice needs and to our success in our 2020 investments we have increased the spendable rate, the percentage of endowed funds available for grantmaking, in 2021 from 4% to an unprecedented 5%.
2-We are re-allocating $5.6 million of assets into our ESG/SRI (Environment, Sustainability, Governance/Socially Responsible Investments) pool, more than doubling that portfolio and representing 43% of total Foundation assets.
3-Our recently adopted FY21 budget includes a 300% increase to $10,000 for Diversity, Equity, Inclusion and Justice improvements of Foundation programs and operations.