Our fiscal year ended June 30, and spendable letters have been posted to the Community Foundation Portal. These letters show the amount available for grantmaking from your endowment earnings. As a reminder, the available spendable amount is 5 percent of the previous 12-quarter moving average of the fund’s market value.
For community foundations, you can find these letters with the rest of your financial statements under “Libraries.” You an also see these numbers now on the portal when you click on your endowment fund. If you have any questions about your spendable amount for FY20, please let us know. Happy grantmaking!
About the Author: Jeff Vetsch serves as Community Philanthropy Officer at Southwest Initiative Foundation.