The Dayton Foundation has exceeded more than $500 million in assets, and is among the top 5 percent of all U.S. community foundations in total assets.
Gifts from new and existing donors contributed to the foundation recording assets of $505.4 million, a record milestone in the foundation’s 96-year history. During 2016, the foundation added 226 new funds, including 107 current and deferred endowed and non-endowed funds, and 119 new funds to the foundation’s charitable checking account service. The service is a free, donor-advised fund.
» DAYTON BUSINESS: What’s possible in Dayton? Startups trying to make their mark
“This is a great accomplishment in The Dayton Foundation’s history,” said Craig Brown, chair of the foundation’s governing board. “It is a testament to the extraordinary generosity of this community and the Foundation’s Governing Board and staff, who take very seriously their responsibility to be good stewards of these critical community assets and help grow them for the future.”
The foundation has seen significant growth in the past 30 years, according to a organization statement. Grants awarded in 2016 exceeded $42.6 million, for a total of nearly $400 million awarded in the past decade.
“This is an incredible milestone for us, our donors and the entire Greater Dayton region,” said Michael Parks, foundation president. “Since our founding in 1921, our donors have helped to fund thousands of nonprofit organizations locally and across the country with nearly $850 million in grants.”
FIVE FAST BUSINESS READS