Community Foundation Of Sarasota County Inc

Organization Overview

Community Foundation Of Sarasota County Inc is located in Sarasota, FL. The organization was established in 1980. 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 06/2022, Community Foundation Of Sarasota County Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Sarasota County Inc 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 06/2022, Community Foundation Of Sarasota County Inc generated $71.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $51.7m during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Community Foundation Of Sarasota County Inc has awarded 5,521 individual grants totaling $249,787,781. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

COMMUNITY IMPACT POWERED BY PHILANTHROPY.

Describe the Organization's Program Activity:

I) IN PARTNERSHIP WITH DONORS WHO BELIEVE THEY CAN BE THE ONE TO MAKE A DIFFERENCE, GRANTS WERE MADE TO ORGANIZATIONS SUPPORTING THE FULL SPECTRUM OF CHARITABLE MISSIONS TO IMPROVE OUR COMMUNITY BY MEETING BASIC NEEDS, EXPANDING OPPORTUNITIES AND CULTURAL ENRICHMENT. SPECIFIC CAUSES FUNDED INCLUDE ANIMAL WELFARE, THE ARTS, HEALTH, HUMAN SERVICES, EDUCATION, ENVIRONMENTAL PROTECTION, CIVIC ENGAGEMENT, YOUTH DEVELOPMENT, AND OTHER AREAS. OUR SUPPORT OF LOCAL NONPROFITS GOES DEEPER THAN THE MILLIONS IN GRANTS WE AWARD EACH YEAR. OUR TEAM HELPS BUILD THE CAPACITY OF LOCAL ORGANIZATIONS TO ENSURE DONORS' CHARITABLE DOLLARS MAKE AN EVEN BIGGER IMPACT BY OFFERING WORKSHOPS, CONSULTING SERVICES, AND OTHER CAPACITY-BUILDING BENEFITS. ADDITIONALLY, OUR ONGOING GRANT OPPORTUNITIES PROVIDE SUPPORT BOTH UP TO $10,000 AND ABOVE $10,000 TO LOCAL NONPROFIT ORGANIZATIONS TO ADDRESS INNOVATIVE, URGENT AND EMERGENCY NEEDS, SO THAT UNEXPECTED OBSTACLES OR OPPORTUNITIES CAN BE ADDRESSED BY NONPROFITS AS PART OF THE IMPORTANT WORK THEY DO FOR THE COMMUNITY.II) THE COMMUNITY FOUNDATION OF SARASOTA COUNTY BELIEVES THAT ALL WHO WISH TO FURTHER THEIR EDUCATION AND INCREASE FUTURE POTENTIAL FOR SUCCESS SHOULD HAVE AN EQUAL CHANCE TO TAKE ADVANTAGE OF THE OPPORTUNITIES AVAILABLE TO THEM. EACH YEAR, THE COMMUNITY FOUNDATION OF SARASOTA COUNTY AWARDS SCHOLARSHIPS TO A VARIETY OF INDIVIDUALS WHO ARE PURSUING FURTHER EDUCATION.III) EACH YEAR, SIGNIFICANT INVESTMENTS ARE MADE TO THE COMMUNITY FROM THE FUNDS OF DONORS WHO ENSURED SUPPORT OF VARIOUS ORGANIZATIONS AND CAUSES IN PERPETUITY. SUBSTANTIAL TIME, FUNDING, AND STRATEGIES ARE COALESCED TO SUPPORT AN ARRAY OF KEY INITIATIVES SPEARHEADED BY THE COMMUNITY FOUNDATION. WE HAVE DEDICATED OURSELVES TO HELPING THOSE IN NEED IN OUR COMMUNITIES BY PROVIDING TARGETED FINANCIAL ASSISTANCE (PRIMARILY FOR MORTGAGE, RENT AND UTILITIES) TO FAMILIES AND INDIVIDUALS ON THE VERGE OF HOMELESSNESS THROUGH THE SEASON OF SHARING FUND, AS WELL AS SUPPORTING OUR REGION'S YOUTH THROUGH OUR STUDENT EMERGENCY FUND OPERATED IN PARTNERSHIP WITH SARASOTA COUNTY SCHOOLS. ADDITIONALLY, OUR EXTENDED WORK IN EDUCATION LEVERAGES NATIONAL RESEARCH AND INITIATIVES SUCH AS THE CAMPAIGN FOR GRADE-LEVEL READING AND THE REGIONAL COLLABORATIVE PARTNERSHIP OF EDEXPLORESRQ. INSPIRED BY ASCEND AT THE ASPEN INSTITUTE, WE HAVE FOCUSED THESE EFFORTS (AND OTHERS) THROUGH A TWO-GENERATION LENS, WHICH LOOKS TO ADDRESS THE NEEDS OF BOTH VULNERABLE CHILDREN AND THEIR PARENTS TOGETHER IN ORDER TO CREATE A COMMUNITY IN WHICH A LEGACY OF ECONOMIC SECURITY AND EDUCATIONAL SUCCESS PASSES FROM ONE GENERATION TO THE NEXT.THE GIVING PARTNER: IN AN EFFORT TO INCREASE TRANSPARENCY AND ENCOURAGE INFORMED GIVING, THE COMMUNITY FOUNDATION FUNDS AND MAINTAINS A LOCAL ONLINE RESOURCE TO REVIEW NONPROFITS SERVING OUR FOUR-COUNTY REGION. MORE THAN 700 NONPROFITS HAVE PROFILES THAT ARE EASILY ACCESSED BY POTENTIAL FUNDERS, DONORS AND THE PUBLIC AT THEGIVINGPARTNER.ORG. EACH PROFILE SHARES GOVERNANCE, MANAGEMENT, FINANCIAL AND PROGRAMMATIC INFORMATION. THIS PLATFORM IS USED TO ASSESS GRANT FUNDING BY THE COMMUNITY FOUNDATION, OUR DONORS AND OTHER REGIONAL FUNDERS. IT IS ALSO A KEY COMPONENT OF THE REGION'S ONLINE GIVING CAMPAIGN, THE GIVING CHALLENGE, WHICH THE FOUNDATION ORGANIZES FOR THE COMMUNITY ON A ROLLING SCHEDULE. SINCE 2012, DONORS FROM THROUGHOUT OUR REGION HAVE SHOWN THEIR LOVE FOR LOCAL NONPROFIT ORGANIZATIONS BY PROVIDING MORE THAN $75 MILLION IN UNRESTRICTED FUNDING TO SUPPORT THEIR MISSIONS THROUGH EIGHT CHALLENGES TO BENEFIT MORE THAN 700 NONPROFITS LISTED IN THE GIVING PARTNER. IN FALL 2020 WE LAUNCHED A NEW DEPARTMENT TO ANALYZE TRENDS IN COMMUNITY NEEDS PROVIDED THROUGH PUBLIC DATABASES, COMBINED WITH OUR DEEP UNDERSTANDING OF AND THE DATA RESOURCES AVAILABLE THROUGH THE GIVING PARTNER. KNOWN AS THE "KNOWLEDGE & EQUITY" DEPARTMENT, THIS TEAM IS ALSO IDENTIFYING OPERATIONAL NEEDS OF NONPROFIT ORGANIZATIONS TO BETTER SERVE THE COMMUNITY AND WILL ADDRESS THOSE NEEDS THROUGH OUTREACH, TRAININGS, OR OTHER MEANS. THESE SERVICES ARE AN EVOLUTION OF THE FOUNDATION'S LONGSTANDING OFFERINGS OF WORKSHOPS AND CONSULTING SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Roxanne Jerde
Ceo/president
$322,258
Laura Spencer
Cfo/cao
$217,557
Elizabeth Pennewill
General Counsel
$198,289
Mischa Kirby
Vp, Strategic Comm. & Marketing
$157,371
Kirsten Russell
Vp, Community Impact
$149,717
Jay Young
Vp, Philanthropy
$110,090

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Northern Trust
Investment Management
$220,925
Stripe
Credit Card Processing
$218,357
Rbc
Investment Management
$209,919
Givegab Inc
Give Day Platform
$135,000
Caldwell Trust
Investment Management
$116,709
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$329,843
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$45,315,938
Noncash contributions included in lines 1a–1f $3,684,972
Total Revenue from Contributions, Gifts, Grants & Similar$45,645,781
Total Program Service Revenue$4,287,979
Investment income $11,143,980
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $9,953,814
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $71,031,554

Grants Awarded

Over the last fiscal year, Community Foundation Of Sarasota County Inc has awarded $39,283,477 in support to 799 organizations.

Grant RecipientAmount

BOYS & GIRLS CLUBS OF SARASOTA AND DESOTO COUNTIES

Org PageRecipient Profile

Sarasota, FL

PURPOSE: CAPITAL PURCHASES, GENERAL SUPPORT, PROGRAM SUPPORT, SCHOLARSHIP SUPPORT

$1,701,981

GLASSER-SCHOENBAUM HUMAN SERVICES CENTER

Org PageRecipient Profile

Sarasota, FL

PURPOSE: EMERGENCY ASSISTANCE, GENERAL SUPPORT, PROGRAM SUPPORT

$1,553,061

MARIE SELBY BOTANICAL GARDENS INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: CAPITAL PURCHASES, GENERAL SUPPORT, PROGRAM SUPPORT

$1,430,143

SAN FRANCISCO FOUNDATION

Org PageRecipient Profile

San Francisco, CA

PURPOSE: PROGRAM SUPPORT

$1,000,000

COMMUNITY COALITION ON HOMELESSNESS DBA TURNING POINTS

Org PageRecipient Profile

Bradenton, FL

PURPOSE: EMERGENCY ASSISTANCE, GENERAL SUPPORT, PROGRAM SUPPORT

$892,058

ALL FAITHS FOOD BANK INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT

$708,816
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Community Foundation Of Sarasota County Inc has recieved totaling $78,363.

Awarding OrganizationAmount
The@robert A Buzzelli Charitable Foundation Inc

Ft Mitchell, KY

PURPOSE: GENERAL OPERATIONS

$40,000
Reuben B Resnik And Helga M Resnik Foundation

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$28,000
$5,000
Allyn Foundation Incorporated A Delaware Corp

Hinsdale, IL

PURPOSE: FAMILY SERVICES

$3,000
Swift Family Foundation Inc

Sarasota, FL

PURPOSE: UNRESTRICTED CHARITABLE DONATION

$2,163
Robinson Foundation

Evanston, IL

PURPOSE: ANNUAL FUND

$200
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$290,848,982
Earnings-$33,687,712
Admin Expense$3,385,067
Net Contributions$12,267,213
Grants$11,228,288
Ending Balance$254,815,128

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