Financials

MAXIMIZING STEWARDSHIP, OVERSIGHT AND TRANSPARENCY

A commitment to our community

We are a unique financial steward. One important focus is that the endowed charitable dollars entrusted to us be available in perpetuity, requiring long-term investment strategies. However, the Foundation also works to maximize the dollars available today so that our endowment holders and governing board can distribute these resources to invest right back in the community.

Managing the Foundation's growing asset base is a key component of its philanthropic stewardship, ensuring we have a positive foundation for future asset growth.

2022 by the numbers

assets by fund type

grants by fund type

FOUNDATION-DIRECTED GRANTmaking

In 2022, Foundation-Directed grants totaled $6.4 million, plus an additional $375,000 in mission-aligned investments. 100% of these investments are directed locally. We’re committed to growing these resources to be able to respond to Winston-Salem’s opportunities and challenges, both now and in the future.

Financial documents & reporting

Mission-Aligned Investments

A program launched in 2020 to support businesses and organizations working for social change in Forsyth County. Investments align with our mission and focus area work, resulting in both financial and social returns.

Transparency & Stewardship

The Foundation has passed the National Standards for U.S. Community Foundations, an accreditation program of the Council on Foundations that fosters excellence in community philanthropy.  This accreditation certifies that a community foundation has legal, ethical, and effective operational practices, demonstrating the highest levels of transparency and accountability.

We hold a four-star charity rating from Charity Navigator and a Gold Seal of Transparency from Candid (previously Guidestar), both independent national charity evaluators.

The Foundation is a member of state-wide and regional organizations that are helping to build stronger connections between funders and nonprofits by offering educational opportunities, networking, and public policy and advocacy efforts.

For more information
Todd Slate
Vice President, Finance
todd.slate@wsfoundation.org
(336) 604-5036