financial information and highlights

THANK YOU TO OUR ADMINISTRATIVE SUPPORTERS

One hundred percent of every gift goes directly into a charitable fund of the donor’s choice.  How is that possible?  Cumberland Community Foundation is very fortunate to have our administrative expenses covered from diverse sources – grants from administrative endowment funds (listed below), interest income on short-term assets, administrative service fee income, grants for special initiative (such as NCGives) and event sponsorships.   “Thank You” to our administrative endowment funds for 2008.

Administrative Endowment Fund (est. 1994) Alfred E. and Janie Cleveland Family Fund (est. 1995) Education for Community Foundation Growth Fund (est. 1994) The Fayetteville Observer Administrative Endowment (est. 1993) Julian B. Hutaff Memorial Fund (est. 1992) Thomas R. and Elizabeth E. McLean Advised Fund (est. 1997)

Mac Healy, Treasurer

(Other funds not named are available to support operations.)  In the past, the Foundation received a generous grant for operating support from the Thomas R. and Elizabeth E. McLean Foundation.  Another anonymous donor created the Special Reserve Fund to provide for long-term stability.  Cumberland Community Foundation is well-positioned to serve our community.  For good.  For ever.  ®

ABOUT OUR COMMUNITY FOUNDATION

For a copy of the complete financial audit, please contact Mary Holmes at the Foundation - 910-483-4449 or mary@cumberlandcf.org.