Vermont Community Foundation
- Assets
- $310.9m
- Revenue
- $39.3m
- Investments
- $171.7m
- Employees
- 37
- Location
- Middlebury, VT
- Founding
- 08/1986
- Data as of
- 12/2020
- EIN
- 22-2712160
Organization Overview
Vermont Community Foundation is located in Middlebury, VT. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Vermont Community Foundation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Vermont Community Foundation generated $39.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $33.5m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Vermont Community Foundation has awarded 2,827 individual grants totaling $114,344,725. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
BETTER TOGETHER: INSPIRING GIVING AND BRINGING TOGETHER PEOPLE AND RESOURCES TO MAKE A DIFFERENCE IN VERMONT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VERMONT COMMUNITY FOUNDATION INSPIRES GIVING AND BRINGS PEOPLE AND RESOURCES TOGETHER TO MAKE A DIFFERENCE IN VERMONT. A FAMILY OF HUNDREDS OF FUNDS AND FOUNDATIONS, THE FOUNDATION PROVIDES THE ADVICE, INVESTMENT VEHICLES, AND BACK-OFFICE EXPERTISE THAT MAKE IT EASY FOR THE PEOPLE WHO CARE ABOUT VERMONT TO FIND AND FUND THE CAUSES THEY LOVE. THE FOUNDATION ALSO PROVIDES NONPROFIT ENDOWMENT MANAGEMENT AND PLANNED GIVING SERVICES. IN 2021, THE FOUNDATION HAD NEARLY $68 MILLION AT WORK IN THE COMMUNITY THROUGH GRANTS, MISSION INVESTMENTS, AND PROGRAMMATIC ACTIVITY.THE HEART OF THE COMMUNITY FOUNDATION'S WORK IS CLOSING THE OPPORTUNITY GAP - THE DIVIDE THAT LEAVES TOO MANY VERMONTERS STRUGGLING TO GET AHEAD, NO MATTER HOW HARD THEY WORK. OVER THE NEXT FIVE YEARS, THE FOUNDATION IS PRIORITIZING GRANTS AND INVESTMENTS THAT: ENSURE VERMONT FAMILIES HAVE WHAT THEY NEED TO KEEP THEIR LOVED ONES HEALTHY AND SAFE; PROVIDE VERMONTERS ACCESS TO EDUCATIONAL OPPORTUNITIES THROUGHOUT THEIR LIFETIME; BUILD COMMUNITY RESILIENCE; SUPPORT PHYSICAL, MENTAL, AND EMOTIONAL HEALTH; AND ADVANCE EQUITY, STRENGTHEN BELONGING, FOSTER CREATIVITY, AND PROMOTE DEMOCRACY.THE FOUNDATION ENVISIONS VERMONT AT ITS BEST - WHERE EVERYONE HAS THE OPPORTUNITY TO BUILD A BRIGHT, SECURE FUTURE.
THE FOUNDATION SUPPORTS EFFECTIVE PHILANTHROPY, WHICH INCLUDES GRANTMAKING, INVESTMENT MANAGEMENT, AND ADMINISTRATIVE SUPPORT THROUGHOUT THE STATE OF VERMONT. THE FOUNDATION OFFERED THESE SERVICES TO FIVE SUPPORTING ORGANIZATIONS IN 2021, RESULTING IN SUPPORTING FEE REVENUE AND GRANTS TO THESE SUPPORTING ORGANIZATIONS TO FURTHER THESE SUPPORTING ORGANIZATIONS TO FURTHER THEIR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Smith CEO | Officer | 46 | $216,038 |
Felipe Rivera VP For Strategy And Commun | Officer | 50 | $168,251 |
Stacie Fagan VP For Philanthropy | Officer | 48 | $166,122 |
Sarah Waring VP For Grants And Communit | Officer | 48 | $158,252 |
Debra Dabrowski VP For Finance | Officer | 45 | $146,123 |
Martha Trombley Oakes Sr. Philanthropic Advisor | 40 | $102,760 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Generation Investment Management Us Investment Manager | 12/30/21 | $557,182 |
Colonial Consulting Investment Consultant | 12/30/21 | $221,973 |
Sanderson Asset Management Inc Investment Manager | 12/30/21 | $116,160 |
Aperio Group Llc Investment Manager | 12/30/21 | $110,956 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,072 |
| Related organizations | $78,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,418,422 |
| Noncash contributions included in lines 1a–1f | $13,244,163 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,604,494 |
| Total Program Service Revenue | $747,824 |
| Investment income | $2,996,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,932,220 |
| Net Income from Fundraising Events | -$5,512 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,275,546 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,383,382 |
| Grants and other assistance to domestic individuals. | $61,137 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,037,972 |
| Compensation of current officers, directors, key employees. | $649,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,729,285 |
| Pension plan accruals and contributions | $58,509 |
| Other employee benefits | $271,574 |
| Payroll taxes | $208,067 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,375 |
| Fees for services: Accounting | $54,604 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,539,663 |
| Fees for services: Other | $290,105 |
| Advertising and promotion | $130,820 |
| Office expenses | $105,136 |
| Information technology | $287,160 |
| Royalties | $0 |
| Occupancy | $105,207 |
| Travel | $10,105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,614 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,936 |
| Insurance | $29,361 |
| All other expenses | $0 |
| Total functional expenses | $33,537,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,650,789 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $514,645 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,974 |
| Net Land, buildings, and equipment | $1,289,550 |
| Investments—publicly traded securities | $110,184,997 |
| Investments—other securities | $171,738,664 |
| Investments—program-related | $11,045,197 |
| Intangible assets | $0 |
| Other assets | $357,496 |
| Total assets | $310,876,312 |
| Accounts payable and accrued expenses | $315,856 |
| Grants payable | $972,189 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,751,481 |
| Total liabilities | $11,039,526 |
| Net assets without donor restrictions | $287,052,069 |
| Net assets with donor restrictions | $12,784,717 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $310,876,312 |
Grants Awarded
Over the last fiscal year, Vermont Community Foundation has awarded $30,859,920 in support to 635 organizations.
| Grant Recipient | Amount |
|---|---|
Cuttingsville, VT PURPOSE: GENERAL PURPOSE | $3,280,774 |
Montpelier, VT PURPOSE: GENERAL PURPOSE | $2,238,453 |
Burlington, VT PURPOSE: GENERAL PURPOSE | $1,791,400 |
Shelburne, VT PURPOSE: GENERAL PURPOSE | $1,190,163 |
Williston, VT PURPOSE: GENERAL PURPOSE | $605,000 |
Barre, VT PURPOSE: GENERAL PURPOSE | $421,750 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vermont Community Foundation has recieved totaling $600,000.
| Awarding Organization | Amount |
|---|---|
M&c Somewhere Foundation Ripton, VT PURPOSE: GENERAL FUND | $600,000 |
Endowment Analysis
| Beg. Balance | $294,634,895 |
| Earnings | $40,172,681 |
| Admin Expense | $3,543,690 |
| Net Contributions | $60,873,689 |
| Other Expense | $10,970,376 |
| Grants | $33,939,093 |
| Ending Balance | $347,228,106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For The City Of New York Inc New York, NY | $176,700,276 | $126,437,231 |
New Hampshire Charitable Foundation Concord, NH | $946,933,381 | $84,058,560 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |
Community Foundation Of Western Massachusetts Springfield, MA | $263,677,089 | $50,890,910 |
Essex County Community Foundation Incorporated Danvers, MA | $116,029,343 | $28,414,247 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |