Foundation Financial Information
The San Juan Island Community Foundation is dedicated to fiscal responsibility, transparency and the careful stewardship of donor assets.
Funds are managed in a manner that is consistent with our mission while balancing short-term and long-term needs. To do so, we rely on the governance of our Board of Directors and the expertise of our Finance Committee. Our IRS 990 Filings are prepared by an outside CPA firm and reviewed by our Audit Committee and Board.
The rapid growth of the Foundation is evidenced below. That growth is fueled by a proven track record and earned trust from our donors.
A Remarkable Year
2011 was a strong financial follow up to the unique growth spurt the Foundation experienced in 2010 due to the $4 million Jerry Inskeep scholarship bequest and the PeaceIsland Medical Center $10 million fundraising campaign. With continued inflow from the PIMC pledges as well as large grants to the project, donations totaled $3.6 million, while grants were $2.2 million. The impact of the PIMC project will continue to dominate the financials until its completion in November, 2012. Total assets were $7.5 million, continuing the overall growth trend of the Foundation. — Barbara Von Gehr, Treasurer
Foundation Growth 2002 through 2011
Three Year Comparison