Foundation Results, 2020

Increasing Impact

  • Contributed a quarter million dollars along with staff and trustee time to partner with Adirondack Foundation and their Special and Urgent Needs (SUN) Fund for Covid-related rapid response
  • Created Emergency Sustenance Grants to support nonprofit organizations in danger of failure because of the pandemic
  • Won the Appeals Court case to save the historic St. Gabriel’s Church for Paul Smith’s College
  • Our Grants Advisor assisted 11 not-for-profits in raising $827,879 in new grants, $474,116 of which Cloudsplitter Foundation is directly responsible for
  • Added a Special Projects Coordinator to address infrastructure needs exposed by the pandemic

Financial Results

  • Made 127 gifts and grants to organizations, totaling $1,321,873
  • Started 2020 with $24.9M in assets and ended with $26M
  • 100% of the Foundation’s expenses and distributions were program related
  • Reported $11,264,232 in ten-year grants (2011-2020) with 9.7% average annual investment returns over that period

The Adirondacks are full of organizations that we love and that are irreplaceable. Cloudsplitter will continue to evaluate and prioritize systemic threats so that we have the resources to respond now and into the future. Given the unknowns of the current funding environment, we wanted to be clear with our grant applicants that we may be less likely to fund capital projects, events, projects far outside the Adirondack park, and very large grant requests ($50K+) at this time. If you feel something within those categories deserves our attention, please contact chenelle@cloudsplitter directly prior to submitting a grant to discuss further.