Foundation Financial Highlights for 2016-2017
On behalf of The Dayton Foundation, I would like to thank the Foundation’s many donors for their generosity and ongoing dedication to philanthropy.
During the last fiscal year (July 1, 2016 - June 30, 2017), The Dayton Foundation received $60.8 million into Foundation donor funds and made more than 16,400 grants and distributions, totaling $46.5 million, to nonprofit organizations locally and across the nation. In the last 10 years, the Foundation has helped its donors help others by distributing more than 148,000 grants totaling $416 million. The Foundation’s total assets at fiscal year-end were $541 million after depreciation. Additionally, donors committed $10 million in new planned and deferred (legacy) gifts this past year, for a total of $252 million in committed legacies. These legacy gifts represent dollars that will come to Foundation funds to serve charitable purposes long into the future.
I also am pleased to report that the independent accounting and auditing firm of Flagel, Huber, Flagel & Co., has completed its fiscal year-end audit of the combined financial statements of The Dayton Foundation and related entities and has issued an unqualified opinion thereon. A complete copy of the audited financial statements may be obtained by request at 1401 S. Main Street, Suite 100, Dayton, Ohio 45409, or by calling The Dayton Foundation office at (937) 222-0410.
My thanks also go to the Foundation’s Finance and Audit Committee members, the investment managers, and our Finance and Accounting staff for their effort, support and advice.
David T. Miller, Chair
Finance Committee of The Dayton Foundation
To read descriptions of current endowed funds established through The Dayton Foundation, click here.
For a complete listing of The Dayton Foundation’s Governing Board and standing Board committees members, click here.
To find out who on The Dayton Foundation staff can help you with your questions, click here.
HERE TO HELP
“Copies of The Dayton Foundation’s federal tax returns (IRS Form 990 for each entity of the Foundation and 990-T) and audited financial statements are available upon request. Please feel free to contact me for more information.”
–Steve Darnell vice president, Finance, at (937) 225-9969