billion at the end of 2011 to $2.9 billion by December 2012. That
growth and the increase since our inception in 2007, achieved
against the backdrop of a recession is a testament both to our
adherence to a strategic and diversified investment philosophy,
and to our donors' commitment to our mission.
support the charitable causes they find meaningful. We steward funds
in alignment with the donors' intentions and monitor the use of assets
from them. Advised funds including donor advised and corporate
advised funds make up the largest share of our total assets, at 62
percent. SVCF has more donor advised fund assets than any other
community foundation in the United States.
own boards of directors form 24 percent of our total assets.
SVCF appoints the majority of the supporting organizations' board
members and oversees all aspects of their activities. In exchange,
these organizations support our work through their grantmaking
and programs. SVCF has a total of 14 supporting organizations.
our assets, provide important resources for us to address urgent
needs in our communities and support our grantmaking strategies
through a consistent annual spending policy.
foundation is a remainder beneficiary and typically also the trustee,
as well as scholarship funds, and a variety of special projects.
Charitable organizations participate in our investment pools, gaining
access to professional investment management at a reasonable cost,
as well as to SVCF expertise and guidance that can help them thrive
in their work.