Our foundation’s fiduciary responsibility, care, loyalty, and obedience is to protect the assets that donors have given to the Foundation and to invest them wisely so that there are ample resources to make grants to nonprofits, which will enhance the quality of life in Central Georgia.

Investment Policy

As the steward of our donors’ funds, the Foundation’s investment objective is to achieve a return that will support annual grants (spending) plus growth of the underlying assets over time.

Spending Policy

The CFCG Board of Directors recommends the following annual spending policy from endowed funds:  Taking 4% of the fund’s average balance, which is calculated using the ending balances of the fund for the preceding twenty quarters. Using the average balance over twenty quarters helps stabilize the annual distributions from the fund. If the fund is newer than five years old, all previous quarters’ fund balances will be used in the 4% spending calculation.

Asset Allocation

CFCG’s asset allocation is outlined in our Investment Policy Statement, which also includes information on our recommended spending policy for endowed funds.

The Finance Committee of CFCG’s Board of Directors is responsible for oversight of all financial activities of the Foundation.

IRS Form 990

• 2023 Form 990 – FYE 06/30/24
• 2022 Form 990 – FYE 06/30/23
• 2021 Form 990 – FYE 06/30/22
• 2020 Form 990 – FYE 06/30/21
• 2019 Form 990 – FYE 06/30/20

Previous Form 990s are available upon request.

*We have not been required to file a 990-T as we have had no taxable income to report. If we file a Form 990-T in the future, it will be available here.

Audited Financial Statements

• FYE 06/30/24
• FYE 06/30/23
• FYE 06/30/22
• FYE 06/30/21
• FYE 06/30/20

Previous audited financial statements are available upon request.