The Community Foundation For The Greater Capital Region Inc

Organization Overview

The Community Foundation For The Greater Capital Region Inc is located in Albany, NY. The organization was established in 1968. 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 12/2021, Community Foundation For The Greater Capital Region Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For The Greater Capital Region 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 12/2021, Community Foundation For The Greater Capital Region Inc generated $24.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $9.3m during the year ending 12/2021. While expenses have increased by 2.7% 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 2014, Community Foundation For The Greater Capital Region Inc has awarded 2,237 individual grants totaling $42,572,163. 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.THE COMMUNITY FOUNDATION'S MISSION IS TO STRENGTHEN THE COMMUNITY THROUGH PHILANTHROPY. THE FOUNDATION DOES THIS IN COLLABORATION WITH DONORS AND COMMUNITY PARTNERS WHO SHARE ITS VISION FOR COMMUNITY TRANSFORMATION THROUGH STEWARDSHIP OF CHARITABLE ENDOWMENTS, SUPERIOR DONOR SERVICES, EFFECTIVE GRANT MAKING, AND LEADERSHIP TO ADDRESS COMMUNITY NEEDS.

Describe the Organization's Program Activity:

SEE SCHEDULE O.THE FOUNDATION ADMINISTERS MORE THAN 470 CHARITABLE FUNDS, AND IN PARTNERSHIP WITH OUR DONORS, PROVIDES LEADERSHIP AND SUPPORT FOR SOME OF THE CAPITAL REGION'S MOST IMPORTANT HUMAN SERVICE, EDUCATION, ARTS/CULTURE, COMMUNITY IMPROVEMENT AND HOUSING/SHELTER INITIATIVES.SINCE OUR FOUNDING IN 1968, THE FOUNDATION HAS AWARDED MORE THAN $109.9 MILLION TO SUPPORT THE CAPITAL REGION AND BEYOND. IN 2021, THE FOUNDATION GRANTED AND FACILITATED NEARLY $7.9 MILLION IN 1,400 GRANTS. OF THESE GRANTS, 205 NONPROFIT PROGRAMS RECEIVED OVER $5,000 EACH. THE TOP FOCUS AREAS TO WHICH GRANTS WERE AWARDED IN 2021 WERE HUMAN SERVICES, EDUCATION, ARTS/CULTURE/HUMANITIES, HOUSING AND SHELTER, AND COMMUNITY IMPROVEMENT/CAPACITY BUILDING.THE FOUNDATION MAINTAINS A FOCUS ON INVESTING IN THE CAPACITY OF LOCAL NONPROFITS, IN ORDER TO HELP THEM OPERATE AND SERVE THEIR POPULATIONS MORE EFFECTIVELY. WE ACCOMPLISH THIS THROUGH MODEST GRANT AWARDS TO SUPPORT INFRASTRUCTURE, HUMAN RESOURCES, AND MANAGEMENT/BOARD TRAINING UPGRADES, AS WELL AS OUR SUPPORT FOR, AND COORDINATION OF, THE CAPACITY BUILDING MINI-GRANT PROGRAM. THIS PROGRAM, OFFERED FREE EACH YEAR, CONSISTS OF A SERIES OF HALF-DAY WORKSHOPS FOR NONPROFIT LEADERS AND THEIR BOARD MEMBERS ON A WIDE RANGE OF TOPICS, SUCH AS PERSONNEL RISK MANAGEMENT, REGULATORY CHANGES AFFECTING THE NONPROFIT FIELD, DEVELOPMENT AND COMMUNICATIONS, AND TECHNOLOGY SOLUTIONS.THE FOUNDATION AWARDS GRADE SCHOOL, COLLEGE, AND CONTINUING EDUCATION SCHOLARSHIPS TO HUNDREDS OF LOCAL SCHOLARS EACH YEAR. THE FOUNDATION'S LARGEST SCHOLARSHIP FUND IS THE PHYLLIS E. DAKE "MAKE YOUR OWN" SCHOLARSHIP FUND (PED), WHICH PROVIDES COLLEGE FUNDING FOR CHILDREN OF STEWART'S SHOPS EMPLOYEES. IN 2021, THE PED SCHOLARSHIP GRANTED MORE THAN $379,000, COMBINED WITH THE FOUNDATION'S OTHER SCHOLARSHIP FUNDS, RESULTED IN DISTRIBUTING MORE THAN $598,000 GRANTED THROUGH 189 SCHOLARSHIPS.


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Board, Officers & Key Employees

Name (title)Compensation
John G Eberle
President & CEO
$196,246
Terry D Mariano
CFO
$138,173
Robert T Hennes
Treasurer
$0
Kevin M O'bryan
Immediate Past Chair
$0
Alicia Lasch
First Vice Chair
$0
Mark Eagan
Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Troy Architectural Program
Public Arts Project
$761,000
Mckinsey & Company
Consulting
$739,600
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$31,180
Related organizations$0
Government grants $137,500
All other contributions, gifts, grants, and similar amounts not included above$18,052,223
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$18,220,903
Total Program Service Revenue$160,070
Investment income $1,406,076
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,075,616
Net Income from Fundraising Events $23,087
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,885,752

Grants Awarded

Over the last fiscal year, The Community Foundation For The Greater Capital Region Inc has awarded $6,042,235 in support to 179 organizations.

Grant RecipientAmount

ST PETER'S HOSPITAL FOUNDATION INC

Org PageRecipient Profile

Albany, NY

PURPOSE: COMMUNITY HEALTH PROGRAMS, COVID TRANSPORTATION, COLON CANCER OUTREACH, THE ANNAL FUND, AND UNRESTRICTED USE

$314,500

ALBANY MEDICAL CENTER FOUNDATION

Org PageRecipient Profile

Albany, NY

PURPOSE: FOR EDUCATIONAL ENRICHMENT, THE PEDIATRIC EMERGENCY FUND, DR. SALMAN'S RESEARCH, THE ANNUAL FUND, AND UNRESTRICTED USE.

$312,227

Malta, NY

PURPOSE: FOR THE BUILDING CAMPAIGN AND HOLIDAY HELP

$311,000

CAPITAL DISTRICT LATINOS INC

PURPOSE: FOR THE CAPITAL PROJECT

$250,000

CAPITAL DISTRICT BLACK CHAMBER OF COMMERCE INC

PURPOSE: FOR UNRESTRICTED USE

$200,000

IMMIGRANT ADVOCATES RESPONSE COLLABORATIVE INC

Org PageRecipient Profile

Albany, NY

PURPOSE: FOR UNRESTRICTED USE

$176,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that The Community Foundation For The Greater Capital Region Inc has recieved totaling $1,089,500.

Awarding OrganizationAmount
Mitzen Foundation Inc

Saratoga Springs, NY

PURPOSE: GENERAL NEEDS

$1,007,500
John D Picotte Family Foundation

Albany, NY

PURPOSE: COVID-19 RELIEF; PASS- THROUGH GRANTS

$50,000
$10,000
$10,000
The Cottage Bridge Foundation

Pittsburgh, PA

PURPOSE: DRILLING FOR HOPE FUND

$7,500
The Bender Family Foundation

Albany, NY

PURPOSE: GENERAL OPERATING SUPPORT

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$51,222,338
Earnings$8,911,821
Net Contributions$13,062,621
Other Expense$1,911,930
Ending Balance$71,284,850

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