2014 Snapshot Report - Indiana Philanthropy Alliance · The 2014 GIFT Snapshot Report is a compilation of data from Indiana community foundations entered into the CF Insights database

2014

SNAPSHOT

REPORT

July 2015

for Indiana Community Foundations

The 2014 GIFT Snapshot Report is a compilation of data from

Indiana community foundations entered into the CF Insights

database.

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014 data collection was a success! Thank you for being diligent in completing the survey in a timely manner. We believe being part of the national database is of great benefit as it enables us to benchmark ourselves with the entire field.

In 2014, all 94 community foundations reported their data. There are a few exceptions in certain data categories and they are noted at the bottom of the pages. Due to the growth of our community foundations we reorganized asset size categories. Total assets of Indiana community foundations were slightly below $3 billion.

2014 Statistics:

Total number of funds increased by 8% to 18,128

Average grant size (includes scholarships) increased to $4,100, up $200

Average unrestricted grant size increased to $6,300, up $900

Amount of total contributions to endowed funds decreased from 82% to 65%

Amount of total contributions to existing funds decreased from 68% to 63%

New in the report for this year:

Operating Reserve and Operating Endowment information by asset size

Next year we plan to add data to the survey:

Investment return

Annual distribution rate

Administrative fee schedule

Our partnership with CF Insights provides community foundations with the ability to run national benchmarking reports on the following:

Assets - % Core assets endowed and non-endowed among peers

Assets – Per capita assets among peers

Gifts – Average gift size among peers

Gifts – Gifts per capita among peers

Grants – Grants per capita among peers

Operating – Expense to asset ratio among peers

Operating – Total operating expense among peers

Operating – Revenues as a percent of assets among peers

Operating – Operating endowment and reserves among peers

Operating – Expense to asset ratio

We hope this information will provide benchmarks and comparisons that can be used by community foundations to inform their boards and committees.

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GIFT Community Foundation Statistics Based on 2014 CF Insights Data Information

94 community foundations/affiliates reporting

ASSET INFORMATION

TOTAL ASSETS

$2,998,264,000 Indiana CFs

$24,750,000 Average Total Assets per Indiana CF (w/o CICF)

$721,242,000 CICF and Legacy Fund Assets

Less than $3M to over $721M Range of Total Assets per Indiana CFs

82% Of Total Assets are Endowed

30% Of Total Assets are Unrestricted

TOTAL ASSETS BY COMMUNITY FOUNDATION ASSET SIZE

CF by Asset Size # of CFs Total Core

Assets* Avg. Core

Assets* per CF

% of Endowed

Assets

% of Unrestricted

Assets

Under $5M 6 $17,427,000 $2,904,000 88% 25%

$5 to $9.9M 23 $160,367,000 $6,972,000 89% 23%

$10 to $19.9M 24 $343,695,000 $14,321,000 79% 28%

$20 to $29.9M 18 $439,214,000 $24,401,000 93% 25%

$30 to $49.9M 12 $433,418,000 $36,118,000 89% 21%

$50 to $499.9M 6 $685,054,000 $114,176,000 84% 44%

Over $500M 1 $693,859,000 $693,859,000 70% 26%

*Core assets do not include assets of supporting organizations.

CICF combined Marion and Hamilton county data Community Foundation of Southern Indiana combined Clark and Floyd county

data Community Foundation Partnership combined Lawrence and Martin county data Jasper Foundation, Inc. combined Jasper and Newton county data

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SUPPORTING ORGANIZATION INFORMATION

TOTAL SUPPORTING ORGANIZATION ASSETS

$222,177,000 Indiana CFs

23 Number of Indiana CFs with a Supporting Org.

39 Number of Supporting Organizations

54 Number of Supporting Organization Funds

GIFTS INFORMATION FOR SUPPORTING ORGANIZATIONS

$17,040,000 Total Contributions to Supporting Organizations

679 Number Of Gifts Received by Supporting Org.

$25,000 Average Supporting Org. Contribution

$741,000 Average Supporting Org. Contributions per CF

GRANT INFORMATION FOR SUPPORTING ORGANIZATIONS

$8,890,000 Total Grants Awarded by Supporting Organizations

585 Number Of Grants Awarded by Supporting Org.

$15,000 Average Supporting Org. Grant Awarded

$387,000 Average Supporting Org. Grants $ Awarded per CF

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FUND INFORMATION

TOTAL NUMBER OF FUNDS

18,128 Indiana CFs

$121,000 Average Fund Size per Indiana CF (w/o CICF)

45 Funds to 929 Funds Range of Total Number of Funds per Indiana CFs

TOTAL NUMBER OF FUNDS BY COMMUNITY FOUNDATION ASSET SIZE

CF by Asset Size # of CFs Total # of Funds Avg. Fund Size

Under $5M 6 443 $39,300

$5 to $9.9M 23 2,728

$58,800

$10 to $19.9M 24 4,166 $82,500

$20 to $29.9M 18 4,324 $101,600

$30 to $49.9M 12 3,496 $124,000

$50 to $499.9M 6 2,042 $335,500

Over $500M 1 929 $746,900



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FUND MIX INFORMATION

FUND MIX ANALYSIS BY ASSET SIZE

Fund mix totals do not include data from CICF and Legacy Fund

26%

15%

25%

12%

29%

11%

25%

8%

23%

12%

41%

5%

1%

5%

7%

10%

12%

13%

14%

14%

14%

11%

11%

22%

33%

31%

27%

28%

21%

25%

24%

29%

25%

28%

12%

23%

10%

11%

8%

10%

7%

10%

10%

13%

8%

10%

20%

20%

2%

4%

7%

7%

6%

9%

7%

8%

5%

7%

7%

5%

26%

33%

23%

30%

23%

30%

19%

24% 19%

29%

9%

20%

0% 2% 1% 2%

0%

1%

3% 1% 1% 1% 1% 2% 2% 2% 1%

4%

Total $ # ofFunds

Total $ # ofFunds

Total $ # ofFunds

Total $ # ofFunds

Total $ # ofFunds

Total $ # ofFunds

Under $5 Million $5 to $9.9M $10 to $19.9M $20 to $29.9M $30 to $49.9M Over $50 Million

Unrestricted Donor Advised Agency

Designated Field Of Interest Scholarships

Community Engagement Deferred Gifts

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94 community foundation/affiliates reporting

GIFT INFORMATION

TOTAL AMOUNT OF ALL GIFTS RECEIVED

$159,688,000 Indiana CFs Total Core Gifts

$1,388,000 Average Total Gifts Received per Indiana CF*

$60K to $32M Range of Total Gifts Received per Indiana CF

TOTAL AMOUNT OF ALL GIFTS RECEIVED FOR ENDOWMENT FUNDS

$82,596,000 Indiana CFs*

65% Of All Gifts Received

TOTAL AMOUNT OF ALL GIFTS RECEIVED FOR EXISTING FUNDS

$80,492,000 Indiana CFs* (Does not include Elkhart County)


TOTAL AMOUNT OF ALL GIFTS RECEIVED FOR UNRESTRICTED FUNDS

$23,611,000 Indiana CFs*


GIFT INFORMATION BY ASSET SIZE

CF by Asset Size # of CFs Total

Contributions

Avg. Contributions

per CF

% of Endowed

Gifts

Avg. Endowed Contributions

per CF

Under $5M 6 $1,295,000 $215,800 58% $124,400

$5 to $9.9M 23 $10,384,000 $451,500 70% $313,900

$10 to $19.9M 24 $26,305,000 $1,096,000 55% $599,700

$20 to $29.9M 18 $32,214,000 $1,789,600 66% $1,174,200

$30 to $49.9M 12 $34,980,000 $2,915,000 63% $1,822,100

$50 to $499.9M 6 $22,503,000 $3,750,400 77% $2,872,700

Over $500M n/a n/a n/a n/a n/a

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GIFTS

GIFT INFORMATION BY ASSET SIZE

CF by Asset Size # of CFs

Total Contributions

Total Gifts to Existing Funds

% to Existing Funds

Avg. Gifts to Existing

Funds per CF

Under $5M 6 $1,295,000 $855,100 66% $142,500

$5 to $9.9M 23 $10,384,000 $8,365,400 81% $363,700

$10 to $19.9M 24 $26,305,000 $17,026,000 65% $709,400

$20 to $29.9M 18 $32,214,000 $15,453,500 48% $858,500

$30 to $49.9M 12 $34,980,000 $21,805,000 62% $1,817,100

$50 to $499.9M 6 $22,503,000 $16,987,300 75% $2,831,200



Total Contributions

Total Unrestricted

Contributions

% Unrestricted

Contributions

Avg. Unrestricted Contr. per CF

Under $5M 6 $1,295,000 $178,400 14% $29,700

$5 to $9.9M 23 $10,384,000 $1,426,200 14% $62,000

$10 to $19.9M 24 $26,305,000 $8,062,800 31% $335,900

$20 to $29.9M 18 $32,214,000 $5,995,300 19% $333,100

$30 to $49.9M 12 $34,980,000 $6,011,800 17% $501,000

$50 to $499.9M 6 $22,503,000 $1,936,300 9% $322,700


*Gift totals to endowed funds, existing funds, and unrestricted funds do not include

data from CICF and Legacy Fund

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GRANTS

TOTAL AMOUNT OF ALL GRANTS AWARDED

$121,754,000 All Indiana CFs

$861,000 Average Total Grants Awarded by Indiana CFs (w/o CICF)

4% Of Total Indiana CF Assets Awarded

TOTAL NUMBER OF GRANTS AWARDED

29,500 All Indiana CFs

314 Average Number of Grants Awarded per Indiana CFs

$4,100 Average Size of All Grants Awarded by Indiana CF

TOTAL AMOUNT OF GRANTS AWARDED FROM UNRESTRICTED FUNDS

$30,697,000 Indiana CFs

25% Of Total Grants Awarded – Indiana CFs

4,880 Total Number of UR Grants Awarded by Indiana CFs

$6,300 Avg. Size of UR Grant Awarded by Indiana CFs

GRANT INFORMATION BY ASSET SIZE

CF by Asset Size # of CFs Total Amount

of Grants

Total UR Grants

Awarded

UR % of Total Grants

Awarded

Avg. Total Grants $

Per CF

Under $5M 6 $733,000 $114,000 16% $122,200

$5 to $9.9M 23 $6,541,000 $1,525,700 23% $284,300

$10 to $19.9M 24 $15,562,000 $2,758,100 18% $648,400

$20 to $29.9M 18 $17,609,000 $3,896,900 22% $978,300

$30 to $49.9M 12 $16,263,000 $4,430,800 27% $1,355,200

$50 to $499.9M 6 $22,460,000 $7,502,600 33% $3,743,300

Over $500M 1 $42,587,000 $10,468,900 25% n/a

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GRANTS

GRANT INFORMATION BY ASSET SIZE

CF by Asset Size # of CFs Total # of

Grants Awarded

Avg. # Grants Awarded per CF

Avg. Size of Total Grants Awarded

Under $5M 6 487 81 $1,506

$5 to $9.9M 23 3,531 154 $1,852

$10 to $19.9M 24 6,109 255 $2,547

$20 to $29.9M 18 6,917 384 $2,546

$30 to $49.9M 12 6,379 532 $2,549

$50 to $499.9M 6 3,829 638 $5,866

Over $500M 1 2,251 2,251 $18,900

CF by Asset Size # of CFs Total # of UR

Grants Awarded

Avg. # of UR Grants Awarded

Avg. Size of UR Grants Awarded

Under $5M 6 89 15 $1,280

$5 to $9.9M 23 795 35 $1,919

$10 to $19.9M 24 934 39 $2,953

$20 to $29.9M 18 1,015 56 $3,839

$30 to $49.9M 12 865 72 $5,122

$50 to $499.9M 6 872 145 $8,604

Over $500M 1 310 310 $33,771



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75 community foundations (legal entities) reporting

SUSTAINABILITY STATUS OF INDIANA COMMUNITY FOUNDATIONS

SUSTAINABILITY RATE NUMBER OF CFS PERCENT OF CFS

100% or more 23 31%

90-99% 12 16%

80-89% 16 21%

70-79% 10 13%

60-69% 7 9%

50-59% 4 5%

40-49% 3 4%

0% - 39% none n/a

CF BY ASSET SIZE NUMBER OF CFS PERCENT SUSTAINABLE

REVENUE Under $5M 3 76%

$5 to $9.9M 14 76%

$10 to $19.9M 19 86% $20 to $29.9M 14 90%

$30 to $49.9M 14 86%

$50 to $499.9M 10 90%

Over $500M 1 85%

All Community Foundations 75 87%

Sustainability Rate Calculation:

Administrative Fee Income + Operating Endowment Distribution ÷ Total Operating Expenses.

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OPERATING INFORMATION

OPERATING REVENUE ANALYSIS BY ASSET SIZE

CICF and Legacy Fund are not included in this analysis.

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Under $5Million

$5 to$9.9M

$10 to$19.9M

$20 to$29.9M

$30 to$49.9M

Over $50Million

80%

63% 64%

75% 72%

63%

0%

7% 7%

9% 9%

6%

Administrative Fee Income Operating Endow. Distribution

Contributions & Fundraising Operating grants

Oper. Reserve & U/R Funds Miscellaneous Income

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OPERATING EXPENSES AND PERSONNEL INFORMATION


Range of Operating Expenses

Avg. Annual Operating Expenses

Avg. Annual Operating Exp. as a % of Total

Assets

Under $5M 3

17

$65,009-$267,285 $134,800 4.24%

$5 to $9.9M 14

$101,876-$440,814 $193,693 2.64%

$10 to $19.9M 19 $145,158-$388,196 $241,356 1.65%

$20 to $29.9M 14 $232,727-$540,742 $366,386 1.50%

$30 to $49.9M 14 $227,190-$727,577 $455,313 1.26%

$50 to $499.9M 10 $538,076-$1,472,555 $912,503 .88%

Over $500M 1 $6,240,756 n/a .87%


Avg. Annual Salary Expenses

Avg. Salary Exp. As a % of Total

Operating

Avg. # FTE* Total

Under $5M 3 $47,751 35.42% 1.3

$5 to $9.9M 14 $112,603 58.13% 2.3

$10 to $19.9M 19 $134,900 55.89% 2.9

$20 to $29.9M 14 $192,732 52.60% 3.7

$30 to $49.9M 14 $237,930 52.26% 5.7

$50 to $499.9M 10 $451,856 49.52% 8.5

Over $500M 1 $3,166,044 50.73% 49.0

*Full Time Equivalent

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OPERATING RESERVE INFORMATION

58 community foundations (legal entities) reported


Range of Operating Reserve Balances

Average Operating Reserve

Under $5M 3

17

$35,900 - $607,000 $296,900

$5 to $9.9M 8

$50,000 - $698,200 $175,100

$10 to $19.9M 14 $19,400 - $1,600,000 $406,400

$20 to $29.9M 12 $49,800- $1,073,900 $355,600

$30 to $49.9M 13 $122,000 - $1,823,200 $498,600

$50 to $499.9M 7 $15,800 - $1,431,200 $652,700

Over $500M 1 $4,000,000 n/a

OPERATING ENDOWMENT INFORMATION

69 community foundations (legal entities) reported


Range of Operating Endowment Balances

Average Operating Endowment

Under $5M 2

17

$43,200 - $362,700 $202,900

$5 to $9.9M 14

$114,700 - $1,032,800 $360,600

$10 to $19.9M 17 $117,000 - $1,652,000 $819,500

$20 to $29.9M 14 $338,700 - $2,523,000 $1,159,300

$30 to $49.9M 14 $17,400 - $4,174,800 $1,484,800

$50 to $499.9M 8 $456,800 - $8,632,100 $2,875,000

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GIVING INDIANA FUNDS FOR TOMORROW

TECHNICAL ASSISTANCE PROGRAM

A SIGNATURE PROGRAM OF

Documents

2014 Snapshot Report - Indiana Philanthropy Alliance · The 2014 GIFT Snapshot Report is a compilation of data from Indiana community foundations entered into the CF Insights database