REAL HELP - Southwest Florida Community Foundation

2010-2011 FinanCiaLs
our Last Fiscal Year
The Southwest Florida Community Foundation (SWFLCF) was founded over 35 years ago on March 1, 1976
with an initial donation of $500. Since our founding in 1976, the Community Foundation has received over
$80 million in contributions and has distributed over $50 million in grants and scholarships. As of June 30,
2011, our total assets amounted to $60,882,511.
SWFLCF is governed by a volunteer board of trustees made up of community leaders who represent diverse areas of
expertise in Lee, Charlotte, Hendry, Glades, and Collier counties.
Our Finance Committee, comprised of experienced trustees and senior advisors, oversees the financial affairs of
SWFLCF. The Finance Committee meets at least quarterly to review investment results, administrative expenses, and
general operating issues.
As we receive contributions from active donors, as well as from wills, estates, and trusts, SWFLCF creates endowment
funds to last into perpetuity. These funds are invested in accordance with an investment policy carried out by investment
managers engaged and overseen by the Finance Committee.
The primary, long-term investment objective of our investment policy is to preserve real (inflation-adjusted) purchasing
power of Community Foundation assets and earnings after accounting for investment returns, spending, and inflation.
To achieve this goal, the SWFLCF portfolio is invested in equities, fixed income, and alternative investments with
multiple investment manager diversification in each of these categories.
During the 2010-2011 fiscal year, we granted distributions out of our funds totaling over $3,053,000, which included
over $2,716,000 for non-profit agencies and $337,000 for scholarships. We look forward to our next 35 years
with hope for greater service to the communities of Southwest Florida. Special thanks are extended to our donors,
who make our work so rewarding.
www.floridacommunity.com 33