The Foundation’s capacity to serve the Spartanburg community is directly tied to its ability to preserve and enhance financial assets. To this end, the Board of Trustees has developed investment policies and guidelines that assure prudent asset management. Over the past 20 years, The Foundation has averaged a 10% return on investment.
In March, 2007, The Spartanburg County Foundation received notification that it met the nation’s highest standards for operational quality, integrity and accountability as a National Standards Foundation. The National Standards compliance effort for U.S. Community Foundations is administered by the Council on Foundations, a Washington, DC-based nonprofit membership association of more than 2,000 grantmaking foundations and corporations world-wide. Meeting these rigorous standards assures the Spartanburg public of the Foundation’s ability to achieve its mission to strengthen the community and help donors achieve their personal charitable goals.
For a detailed statement of assets, liabilities and activity, you may download the Statement of Financial Position for 2014 and 2015.
Financial Statements, including audited statements, 990’s and 990-T’s, are available to the public at all times. However, the 990-T is for unrelated business income. This document will only be available in the years to which it pertains. For questions or to request additional financial information, please contact the Foundation at 864.582-0138.