Community Foundation of Greater Greensboro
Financials
Making a bigger impact Together
Today, the Community Foundation of Greater Greensboro manages close to $300 million in assets in 700 charitable funds, and we distribute more than $25 million in grants annually to worthy organizations across the community.
Financial planning is essential at a Community Foundation as it ensures the effective stewardship of funds entrusted to us by donors. Through meticulous financial management, we can maximize the impact of philanthropic investments, strategically allocate resources to address community needs, and safeguard the long-term sustainability of our initiatives. By adhering to sound financial practices, we can fulfill our mission to support and enhance the well-being of Greater Greensboro for generations to come.
Finances At-A-Glance
2023 Contributions by Fund
Total Contributions by Fund Type
The graph illustrating total contributions by fund type categorizes and displays the financial contributions received, segmented into various fund types such as donor-advised funds, endowments, and community endowments.
Total Asset Trends
Total Asset Trends
The graph depicting total asset trends from 2019 to 2023 illustrates the growth and fluctuations in the Community Foundation’s assets over the five-year period.
Grantmaking Trends
*Includes Tanger Construction Costs
Grantmaking Trends
The graph showcasing grantmaking trends from 2019 to 2023 highlights the variations and overall growth in the Community Foundation’s grant distributions over the five-year period.
*Includes largest estate gift in CFGG history
Endowment Investment Returns
This graph compares our investment returns with a benchmark demonstrating strong financial management and growth.
No one believes in Greensboro like we do.
2023 Annual Report
The Community Foundation is pleased to present its 2023 Annual Report, highlighting a year of impactful philanthropy and community engagement. This report provides a comprehensive overview of our initiatives, grants, and partnerships, showcasing the collective efforts that have contributed to positive change in Greater Greensboro. Through the generosity of our donors and the dedication of our community, we continue to work towards building a brighter future for all.
Why partner with the Community Foundation of Greater Greensboro?
We have a proven track record of making a difference.
Since our founding in 1983, we have granted over $330 million to hundreds of local nonprofits addressing important community challenges.
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We have a clear vision for helping you achieve your philanthropic goals.
At CFGG, we live by the phrase “donor intent”. Each of our 700 funds has a donor or donors behind it with a story that informs how we distribute each and every grant into the community.
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Our roots in the
community run deep.
No one knows Greensboro or believes in its potential like we do, and we marshall resources to improve the lives of all its citizens.
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The Community Foundation of Greater Greensboro is a proud member of the Council on Foundations and maintains accreditation from the National Standards for U.S. Community Foundations Accreditation Program which sets rigorous standards for operational quality, donor services, and accountability. We also hold the GuideStar Seal of Transparency and belong to the Greensboro Chamber of Commerce.
Form 990
A Form 990 is an annual information return that tax-exempt organizations must file with the IRS to provide transparency about financial activities, governance, and compliance. This form ensures that the public, donors, and regulatory bodies can access key information about the organization’s operations and financial health.
Meet Our Finance Team
Marci Peace
Chief Financial Officer
mpeace@cfgg.org
(336) 790-7518
Kathy Johnson
Controller
kjohnson@cfgg.org
(336) 790-2893
Erica Woodruff
AP Specialist
ewoodruff@cfgg.org
(336) 790-7789
Sherrie Simpson
Accounting Manager
ssimpson@cfgg.org
(336) 790-7065
Frequently Asked Questions
WHO SHOULD I CONTACT?
You can reach out to our Finance team directly with questions or concerns.
WHAT ARE INVESTMENT POOLS?
Main Pool
Our largest pool to date has a long-term horizon, with a broadly diversified portfolio, including specific allocations to private capital investments.
ESG Pool
Investments for this pool are focused on investment managers and underlying companies that integrate environmental, social, and corporate governance (ESG) factors into their business practices and decision-making processes.
Direct Asset Manager Portfolios
These represent a pool(s) of charitable assets managed by local investment advisor(s) in order to enhance client relationships and facilitate charitable giving to the Community Foundation.
Charitable Trusts’ Portfolios
These are charitable trust accounts, established by donors, in which the Community Foundation retains a financial interest.