MONTGOMERY – The annual Census Report compiled by the Indiana based Community Foundation Research & Training Institute was recently released, highlighting the Community Foundation of Orange and Sullivan (CFOS) as the fifteenth fastest growing community foundation in the United States. In the report, 830 community foundations nationwide were compared by their respective assets and growth as reported on their IRS Form 990 tax returns. With 136% growth from 2014 to 2018, CFOS had the most growth of all community foundations in New York State. Its growth from 2017 to 2018 was 18.6%.
“Our outstanding growth over the past several years is a testament to the generous charitable giving of individuals and organizations that are committed to making communities in Orange and Sullivan counties stronger and providing a brighter future for all residents,” said Elizabeth Rowley, President and CEO of the Community Foundation of Orange and Sullivan. “We are grateful for our many ambassadors in the community including our board of directors, volunteers and professional advisors. CFOS is honored to be a vehicle for philanthropy in the region and we look forward to continued growth in the years ahead.”
CFOS is ranked 354 out of 830 US community foundations by asset size, up from 388 the year prior. Total assets managed by community foundations in the United States is now $105.5 billion. With 335 active component funds, the Community Foundation manages more than $36 million in assets, designated for a multitude of local charitable initiatives and projects in the region and beyond. It has distributed more than $18.6 million in grants and scholarships to date.
About the Community Foundation of Orange and Sullivan (CFOS): Based in Montgomery, NY, the Community Foundation of Orange and Sullivan connects people who care with causes that matter. Established in 1999, the Foundation helps philanthropic individuals, businesses and organizations establish charitable funds that will award grants and scholarships, for good, forever. The Foundation has significantly increased the region’s charitable capital and has empowered donors to make a profound difference in the quality of life in our region. Since its inception, CFOS, with its donors and fund representatives, has awarded more than $18 million in grants and scholarships. The Community Foundation of Orange and Sullivan currently administers 335 active charitable funds that represent more than $36 million in assets to support animal welfare, arts and culture, education, the environment, health and human services, recreation and youth. To learn more, visit cfosny.org.