Coastal Community Foundation

Financials

The Coastal Community Foundation's investment philosophy has several key objectives:

  1. To provide sufficient income for current charitable support
  2. To preserve the purchasing power of the Foundation's assets through capital appreciation

The Foundation's prudent investment policy allows the Board to meet the goal of providing for current charitable needs while maintaining and enhancing long-term purchasing power. The Foundation's assets have been professionally managed by a local firm that has been in business since 1991.

The following is the Foundation's investment performance over the past nine years:

Investment performance:

2000 5.7%
2001 1.3%
2002 -4.3%
2003 19.7%
2004 10.6%
2005 6.2%
2006 13.0%
2007 5.0%
2008 -19.1%
2009 16.9%

Financial Reports

Philanthropy Club Foundation

Teaching the Art of Giving . . Local philanthropists Steve Knight and David Baker created the Philanthropy Club Foundation to help children learn about the art of giving by supporting local nonprofit organizations that provide important services to the community. By introducing young students to the notion of giving time, talent and treasure without expecting something in return, the Philanthropy Club instills in future leaders of the community the important lesson that the "gift of giving far exceeds the gift of getting."

Women Address Community Issues

Hand to Hand, a women's fund was launced in 2009 by 19 women. Today, approximately 40 women from various areas in the county have pooled their charitable resources to benefit causes that directly benefit women and girls. Grants will be awarded this fall for mentoring programs for girls and programs that help women re-enter the workforce or provide education and job training. "We believe that we can accomplish more together than we can alone," indicates Alice Jacobson, chair of the effort.

Philanthropy Spotlight: Coastal Community Foundation

Established in 1987, the Coastal Community Foundation is a resource and service for the north coastal communities, including Carmel Valley, Del Mar, Solana Beach, Encinitas, La Costa, Carlsbad and Oceanside. Through the power of endowments and grant making, donors personalize giving in a way that meets their needs and desires. The Foundation staff and board help connect donors to causes they care about the most. Individuals are ensured that their donation will continue to work to make their communities better and stronger in perpetuity.

Education PLUS! Grants Fund Classroom Projects

In fall 2010 elementary and middle school teachers can apply for mini-grants ranging from $250-1000 for classroom projects. Eligible school districts are: Cardiff, Del Mar, Solana Beach, Encinitas, Carlsbad, Oceanside and San Dieguito. See the grants page for more information.

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