2016 Columbus Survey Results

the IDEA BEHIND IS SIMPLE What if EACH community foundation could know what ALL community foundations collectively know? © CF Insights 2017

Member Services Manager The CF Insights Team David Rosado Member Services Manager CF Insights Diana Esposito Consultant CF Insights © CF Insights 2017

Agenda What is the Columbus Survey? What are the findings from 2016? How can CF Insights data help you? How can you contribute? Also available from CF Insights © CF Insights 2017

What is the Columbus Survey? The Columbus Survey is the “census of the community foundation field” started by the Columbus Foundation in 1988, and administered by CF Insights since 2008. The Columbus Survey collects data to uncover financial trends and operational activity among community foundations in the United States. © CF Insights 2017

Agenda What is the Columbus Survey? What are the findings from 2016? How can CF Insights data help you? How can you contribute? Also available from CF Insights © CF Insights 2017

253 Participants FY 2016 Columbus Survey Results Distribution of Geographies Served NORTHEAST 10% SOUTH 23% MIDWEST 54% WEST 13% Asset Size Distribution 29% 15% 9% 19% 13% © CF Insights 2017

Field-Wide Asset Growth FY 2016 Columbus Survey Results 253 Participants Field-Wide Asset Growth Median = 5.2% © CF Insights 2017

Assets FY 2016 Columbus Survey Results Data reflects the largest 100 community foundations by asset size as of FY 2015 and includes only those from the cohort that have data for all years represented (n=95). N=95 © CF Insights 2017

Gifts and Grants FY 2016 Columbus Survey Results Gifts $8.2B $7.7B © CF Insights 2017

Gift and Grant Change Rates FY 2016 Columbus Survey Results Gift and Grant Change Rates The proportion of respondents who experienced a dramatic decrease in gifts doubled from 2015, though as in previous years, gift change rates remain difficult to predict. Grants are predictably more stable, driven by fund holders and in keeping with the community foundation’s mission and payout goals. More than half of all survey respondents saw grantmaking totals change less than 20%. 14% 28% 17% 19% 22% 3% 21% 31% 31% 13% Degree of change: Dramatic decrease = -50% or greater; Moderate decrease = -49 - -11%; Neutral = -10% - +10%; Moderate increase = +11% - +49%; Dramatic increase = +50% or greater  (n=249) © CF Insights 2017

Gifts and Grants Per Capita FY 2016 Columbus Survey Results Gifts and Grants Per Capita © CF Insights 2017

Endowed and Non Endowed Assets FY 2016 Columbus Survey Results Endowed and Non Endowed Assets Median percentages for the proportion of assets that are endowed and non-endowed may not add up to 100% due to rounding.  © CF Insights 2017

†Averages were used to total 100% FY 2016 Columbus Survey Results Donor-Advised, Discretionary, and All Other Funds Donor-advised funds tend to make up a more significant portion of assets in larger community foundations, which, while also having a higher proportion of non-endowed assets, could be reflective of their ability to provide flexible grantmaking options to their donors. Averages were used to total 100%. © CF Insights 2017 †Averages were used to total 100%

Donor-Advised, Discretionary, and All Other Funds FY 2016 Columbus Survey Results Donor-Advised, Discretionary, and All Other Funds 13% 13% 11% 11% 7% 9% 8% 7% 6% 4% 5% 4% Sample size for DAF distribution rates are slightly smaller (n=238) than for the whole foundation (n=246). © CF Insights 2017

†Averages were used to total 100% FY 2016 Columbus Survey Results Operating Revenues While the basic community foundation operating model is supported mainly by administrative fees on funds, differences in the revenue mix do emerge among foundations of different sizes. Emerging and smaller community foundations rely more heavily on outside fundraising and distributions from endowments and reserves to support operations. The continued diversification of community foundation offerings has not, to this point, led to a significant shift in one's typical revenue mix. Continued growth in funds, supplemented by alternative sources of revenues, can provide the flexibility needed to drive foundation-led community efforts (e.g. community leadership or special initiatives). Averages were used to total 100%. †Averages were used to total 100% © CF Insights 2017

†Averages were used to total 100% FY 2016 Columbus Survey Results Operational Expenses Staffing expenses typically make up around two-thirds of overall community foundation expenses, regardless of foundation size. 36% 36% 33% 64% 64% 67% 34% 66% 32% 31% 32% 68% 69% 68% Averages were used to total 100%.  †Averages were used to total 100% © CF Insights 2017

Surplus vs. Subsidy FY 2016 Columbus Survey Results 8% 14% 41% 24% 13% Calculated as revenues divided by expenses: Significant surplus >125%; Modest surplus = 105%-124%; Breakeven = 95%-105%; Modest subsidy = 75%-94%; Significant subsidy <75%  © CF Insights 2017

Expense to Asset Ratio FY 2016 Columbus Survey Results 1.9% 1.4% 1.4% 1.1% 0.9% 0.8% © CF Insights 2017

Funds Per Full Time Equivalent FY 2016 Columbus Survey Results Funds Per Full Time Equivalent © CF Insights 2017

Agenda What is the Columbus Survey? What are the findings from 2016? How can CF Insights data help you? How can you contribute? Also available from CF Insights © CF Insights 2017

Benchmark Using Live Data Examples of Non-Member Reports Examples of Member Reports Longitudinal Peer Benchmarking Change in assets, 15-16 Change in gifts, 15-16 Change in grants, 15-16 Total annual asset growth rate Average fund size Gift and grant ratios Assets per Capita Assets Average fund size among peers Assets by product among peers Asset growth/historical assets among peers Percent of assets endowed and non endowed vs. peers Gifts & Grants Average gift/grant size among peers Average DAF/discretionary gift size vs. peers Annual payout rate among peers Gifts/Grants per capita among peers Operating Efficiency Expense to asset ratio among peers Revenues among peers Staffing Funds per FTE among peers FTEs by Functional Area Among Peers CF Insights offers over 90 on-demand reports to help you gauge your performance relative to the field. © CF Insights 2017

Extensive data collection means a robust peer comparison tool. Define Peer Groups Using Any Criteria Examples of Ways to Define Peers: Asset size Age Size of population served Asset Composition (Discretionary, DAF, etc.) Staffing Levels of endowment Revenue mix Staff expenses …and more! Extensive data collection means a robust peer comparison tool. What is unique about your community foundation? How would you define your peers? © CF Insights 2017

How do you stack up against your peers? Peer benchmarking dashboards provide members a snapshot of their performance, and serve as a powerful and concise way to present metrics to your Board of Directors © CF Insights 2017

Answers at your fingertips How do my gifts received per capita align with other statewide peer foundations? How does the average fund size at my foundation compare to peers who also serve smaller populations in rural areas? How does this intersect with the number of funds managed by each FTE for peers? Explore. Learn. Share. CF Insights members can use on-demand reports to answer questions quickly, or request custom reports and analysis from CF Insights’ expert staff. © CF Insights 2017

Gifts Per Capita Among Peers Visual or Data © CF Insights 2017

Average Fund Size & and Funds per FTE © CF Insights 2017

Average Fund Size & and Funds per FTE © CF Insights 2017

Export and Print Reports © CF Insights 2017

Agenda What is the Columbus Survey? What are the findings from 2016? How can CF Insights data help you? How can you contribute? Also available from CF Insights © CF Insights 2017

Participate in the Columbus Survey Be counted! Share your unaudited financial data 60 days after the close of your fiscal year to help CF Insights make trend data available to the field. Members – Complete all survey pages, including the Product Composition section. Remember CF Insights for your Data Needs Use CF Insights’ database to develop comparative reports and discover your own insights Visit cfinsights.org to learn more about the resources available to the field. Connect with us Contact David Rosado at dar@foundationcenter.org or Diana Esposito at dce@foundationcenter.org to learn more about CF Insights, or to create a free login account to access the database. © CF Insights 2017

Agenda What is the Columbus Survey? What are the findings from 2016? How can CF Insights data help you? How can you contribute? Also available from CF Insights © CF Insights 2017

Economic Scenario Planning Interactive Strategy Model CF Insights provides financial analysis tools designed specifically for community foundations Generate and analyze three different five-year projections using your foundation’s baseline data. Economic Scenario Planning Activity-Based Costing Perform a detailed analysis into your foundation’s economics, uncovering which of your products are generating surplus revenue and which require an investment. Recommend specific changes to your community foundation’s operations. Interactive Strategy Model Take the long view on your foundation’s performance, utilizing the same staff time, cost, and revenue information used during the ABC to establish your CF’s baseline year. All are available as a free download via cfinsights.org/tools © CF Insights 2017

Activity-Based Costing Learn about the performance of your foundation’s individual products Gain intelligence around the allocation of your resources Use data to inform future strategic thinking Make specific recommendations to bring business model into alignment with organizational priorities © CF Insights 2017

Total Surplus or Subsidy by Product – Operating Budget Only Determine which of your foundation’s products is producing a surplus, and which require an investment Total Surplus or Subsidy by Product – Operating Budget Only Fee-Based Products Leadership Efforts Cross-subsidies are typical for the community foundation business model, but deliberate decisions should be made about where to invest resources © CF Insights 2017

Economic Scenario Planning Five year forecasts. Driven by external variables. Test your operating model’s sustainability. © CF Insights 2017

Economic Scenario Planning Model Viewing the forecast results © CF Insights 2017

Interactive Strategy Model Determine alternative scenarios and play them out over a 10 year period Ask “what if?” when considering specific strategic changes to your operating model Direct future strategic planning with detailed, guiding results © CF Insights 2017

CF Insights is available to help you through any or all of these processes Members receive 10 hours of technical assistance per year, some or all of which can be used at any point during the study, included as part of their membership fee. CF Insights offers different fee-based levels of consulting. Visit CFInsights.org to download and familiarize yourself with the complete toolkit for any of the three forecasting tools, as well as detailed user guides, all of which are licensed through Creative Commons. © CF Insights 2017

Coming Soon From CF Insights…

Coming Soon From Foundation Center… © CF Insights 2017

Visit ColumbusSurvey.CFInsights.org TODAY!

SHARING KNOWLEDGE. GROWING IMPACT. Questions? cfinsights.org @CFInsights cfinsights.org @CFInsights The CF Insights Team David Rosado, Member Services Manager Diana Esposito, Consultant, CF Insights (212) 807-2430 (978) 314-2384 dar@foundationcenter.org dce@foundationcenter.org SHARING KNOWLEDGE. GROWING IMPACT. © CF Insights 2017