1. www.alescoadvisors.com SERVICE | INTEGRITY | VALUE As of 12/31/2012 Investment Review Community Foundation of Tompkins County

2. As of 12/31/2012 Community Foundation of Tompkins County 2 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE The sum of the values may not equal 100% due to rounding.

3. As of 12/31/2012 Community Foundation of Tompkins County 3 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE The sum of the values may not equal 100% due to rounding. Equity Portfolio

4. As of 12/31/2012 Community Foundation of Tompkins County 4 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE The sum of the values may not equal 100% due to rounding.

5. As of 12/31/2012 Community Foundation of Tompkins County 5 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Portfolio Activity and Performance Activity4Q 2012 ($)1 Year ($)3 Years ($)5 Years ($) Since Inception ($) Value at Beginning of Period6,616,796.855,953,321.913,830,466.242,707,106.542,666,367.95 Contributions2,012,662.522,184,396.454,104,309.895,759,674.565,980,856.15 Withdrawals-126,455.95-302,725.00-845,302.39-1,198,357.59-1,410,901.01 Income Received82,153.59178,237.15470,179.61623,069.20702,396.63 Capital Gain/Loss25,914.59597,841.091,051,418.24719,578.88672,351.88 Value at End of Period8,611,071.60 Total Investment Gain after Fees 108,068.18776,078.241,521,597.851,342,648.081,374,748.51 Performance Portfolio1.36%12.73%9.06%3.33%3.03% Weighted Benchmark Return 1 0.83%11.98%8.53%2.93%3.32% Inception Date: 02/13/2007 Periods greater than 12 months are annualized Performance is net of fees; Performance is based on time weighted returns 1 Weighted Benchmark is comprised of 55.25% Russell 3000, 9.75% MSCI ACW exUS, 11% CPI, 24% Barclays Aggregate from inception - 11/30/10 and 53.62% Russell 3000, 11.38% MSCI ACW exUS, 11% CPI, 24% Barclays Aggregate from 12/1/10 - present

6. As of 12/31/2012 Community Foundation of Tompkins County 6 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Performance is net of fees; Performance is based on time weighted returns 1 Weighted Equity Benchmark is comprised of 85% Russell 3000, 15% MSCI ACW exUS from inception - 11/30/10 and 82.5% Russell 3000, 17.5% MSCI ACW exUS from 12/1/10 - present Performance 4Q 20121 Year 3 Year Annualized 5 Year Annualized Since Inception Annualized EQUITIES1.84%16.92%10.24%1.54%1.42% Weighted Equity Benchmark 1 1.22%16.56%10.00%1.28%1.79% S&P 500-0.38%16.00%10.87%1.66%1.99% S&P 4003.61%17.88%13.62%5.14%4.72% Russell 20001.85%16.35%12.25%3.56%2.18% MSCI EAFE6.57%17.32%3.56%-3.69%-1.80% FIXED INCOME0.22%4.48%6.01%6.09%6.26% BarCap Aggregate0.21%4.22%6.19%5.95%6.21% REAL RETURN ASSETS1.02%10.18%11.21%7.44%5.57% Consumer Price Index-0.19%1.74%2.05%1.78%2.18% TOTAL PORTFOLIO1.36%12.73%9.06%3.33%3.03% Inception Date: 02/13/2007

7. As of 12/31/2012 Community Foundation of Tompkins County 7 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE

8. As of 12/31/2012 8 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Community Foundation of Tompkins County Portfolio Holdings SecuritySymbolQuantity Unit Cost ($) Total Cost ($) Price ($)Value ($) Percent of Portfolio CASH AND EQUIVALENTS CASHcash58,947.98 0.68% SCHWAB ADVISOR CASH RESERVES- PREMIER SWZXX55,566.30 0.65% Subtotal114,514.28 1.33% TOTAL114,514.28 1.33% EQUITIES S&P 500 SPDRSPY17,225.000118.312,037,902.52142.412,453,012.2528.49% ISHARES CORE S&P 400 MIDCAP INDEXIJH5,525.00075.23415,658.84101.70561,892.506.53% ISHARES MSCI EAFE INDEX FUNDEFA8,425.00056.35474,748.6656.86479,045.505.56% ISHARES CORE S&P 600 SMALLCAP INDEX IJR5,425.00062.05336,595.6778.10423,692.504.92% DFA US MICRO-CAP FUNDDFSCX22,636.52511.58262,230.8514.60330,493.273.84% DFA US LARGE-CAP VALUE FUNDDFLVX12,284.06818.95232,733.5122.90281,305.163.27% SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRST DIA2,150.000114.03245,153.85130.58280,747.003.26% DFA EMERGING MARKETS VALUE FUND DFEVX8,455.25428.47240,749.3329.84252,304.782.93%

9. As of 12/31/2012 9 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Community Foundation of Tompkins County Portfolio Holdings: Continued... SecuritySymbolQuantity Unit Cost ($) Total Cost ($) Price ($)Value ($) Percent of Portfolio DFA EMERGING MARKETS SMALL-CAP FUND DEMSX6,615.99522.40148,182.1721.17140,060.611.63% DFA INTERNATIONAL SMALL-CAP FUND DFISX8,781.05515.98140,338.1915.93139,882.211.62% DFA INTERNATIONAL VALUE PORTFOLIO DFIVX6,779.44817.56119,050.9316.60112,538.841.31% BRIDGEWAY ULTRA-SMALL COMPANY MARKET FUND BRSIX7,357.60012.5092,000.0012.5091,970.001.07% SPDR S&P BANKS ETFKBE3,150.00025.7781,168.4023.8375,064.500.87% APPLE INC.AAPL3.000532.171,596.52532.171,596.520.02% Subtotal4,828,109.445,623,605.6365.31% TOTAL4,828,109.445,623,605.6365.31%

10. As of 12/31/2012 10 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Community Foundation of Tompkins County Portfolio Holdings: Continued... SecuritySymbolQuantity Unit Cost ($) Total Cost ($) Price ($)Value ($) Percent of Portfolio FIXED INCOME VANGUARD TOTAL BOND MARKET INDEX FUND -SIG VBTSX141,196.21910.451,475,171.8311.091,565,866.1018.18% RIDGEWORTH SEIX FLOATING RATE ISAMBX32,843.5359.00295,490.508.98294,934.943.43% VANGUARD GNMA FUND-ADMIRALVFIJX6,508.52710.8870,829.5210.9171,008.030.82% Subtotal1,841,491.851,931,809.0722.43% TOTAL1,841,491.851,931,809.0722.43% REAL RETURN ASSETS VANGUARD INFLATION PROTECTED SECURITIES FD VAIPX11,919.64025.26301,112.3928.54340,186.523.95% PIMCO COMMODITIESPLUS STRATEGY FUND - INST PCLIX23,448.63711.25263,681.2710.93256,293.602.98% SPDR DOW JONES REIT ETFRWR3,250.00052.98172,193.9372.97237,152.502.75%

11. As of 12/31/2012 11 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Community Foundation of Tompkins County Portfolio Holdings: Continued... SecuritySymbolQuantity Unit Cost ($) Total Cost ($) Price ($)Value ($) Percent of Portfolio SPDR DJ WILSHIRE INTERNATIONAL REAL ESTATE RWX2,600.00040.22104,567.5541.35107,510.001.25% Subtotal841,555.15941,142.6310.93% TOTAL841,555.15941,142.6310.93% GRAND TOTAL7,625,670.728,611,071.60100.00%

12. As of 12/31/2012 12 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE The sum of the values may not equal 100% due to rounding.

13. As of 12/31/2012 13 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE The sum of the values may not equal 100% due to rounding.

14. As of 12/31/2012 14 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE The sum of the values may not equal 100% due to rounding.

15. As of 12/31/2012 15 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Portfolio Activity and Performance Activity4Q 2012 ($)1 Year ($)3 Years ($)5 Years ($) Since Inception ($) Value at Beginning of Period1,394,618.801,316,170.561,259,437.66977,651.68730,662.31 Contributions0.007,370.7575,096.96455,808.86765,270.98 Withdrawals-30,824.27-97,427.49-249,475.44-362,108.53-436,099.61 Income Received21,811.9435,207.7187,920.42139,761.18178,649.36 Capital Gain/Loss9,475.77133,760.70222,102.63183,969.04156,599.19 Value at End of Period1,395,082.23 Total Investment Gain after Fees 31,287.71168,968.41310,023.05323,730.22335,248.55 Performance Portfolio2.26%13.17%7.97%2.78%2.62% Inception Date: 01/31/2007 Periods greater than 12 months are annualized Performance is net of fees; Performance is based on time weighted returns

16. As of 12/31/2012 16 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Performance 4Q 20121 Year 3 Year Annualized 5 Year Annualized Since Inception 1 Annualized EQUITIES3.40%18.06%9.18%1.49%0.99% Broad Market Social Index 2 2.13%13.94%8.87%1.56%1.18% S&P 500-0.38%16.00%10.87%1.66%1.53% S&P 4003.61%17.88%13.62%5.14%4.33% Russell 20001.85%16.35%12.25%3.56%2.17% MSCI EAFE 3 6.57%17.32%NA FIXED INCOME-0.12%3.96%5.91%4.56%4.97% BarCap Aggregate0.21%4.22%6.19%5.95%6.21% REAL RETURN ASSETS0.52%9.15%NA Consumer Price Index-0.19%1.74%NA TOTAL PORTFOLIO2.26%13.17%7.97%2.78%2.62% Performance is net of fees; Performance is based on time weighted returns 1 Inception Dates: 05/01/2007 for Equities, 01/31/2007 for Fixed Income, 08/01/2011 for Real Return Assets 2 Broad Market Social Index is comprised of KLD All-Cap Sustainability index (discontinued) from inception through 6/30/10, MSCI USA Broad ESG Index from 7/1/10 - 7/31/11, and 77% MSCI USA Broad ESG Index/23% MSCI World ex USA ESG Index from 8/1/11 - present 3 International position incepted on 8/1/11

17. As of 12/31/2012 17 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Community Foundation of Tompkins County SRI Account Portfolio Holdings SecuritySymbolQuantity Unit Cost ($) Total Cost ($) Price ($)Value ($) Percent of Portfolio CASH AND EQUIVALENTS CASHcash12,232.49 0.88% Subtotal12,232.49 0.88% TOTAL12,232.49 0.88% EQUITIES DFA U.S. SOCIAL CORE EQUITY 2 PORTFOLIO DFUEX41,805.6648.70363,577.569.47395,899.6628.38% VANGUARD FTSE SOCIAL INDX-IVVFTSX40,651.0127.72313,997.488.59349,192.1925.03% DFA INTL SUSTAINABILITY COREDFSPX13,518.7368.57115,916.028.35112,881.458.09% DFA EMERGING MARKETS SOCIAL CORE EQUITY DFESX4,934.41214.2570,313.1013.1564,887.524.65% Subtotal863,804.17922,860.8166.15% TOTAL863,804.17922,860.8166.15%

18. As of 12/31/2012 18 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Community Foundation of Tompkins County SRI Account Portfolio Holdings: Continued... SecuritySymbolQuantity Unit Cost ($) Total Cost ($) Price ($)Value ($) Percent of Portfolio FIXED INCOME VANGUARD GNMA FUND-ADMIRALVFIJX9,478.77311.08105,025.6310.91103,413.417.41% ISHARES BARCLAYS 7-10 YEAR TREASURY BOND IEF725.00098.8971,695.63107.4977,930.255.59% PIMCO TOTAL RETURN FUND III INSTLPTSAX6,910.1059.7467,309.419.8968,340.944.90% ISHARES BARCLAYS AGENCY BOND FUND AGZ275.000111.2630,597.65113.3031,156.132.23% ISHARES BARCLAYS 3-7 YEAR TREASURY BOND IEI210.000119.4625,087.15123.2225,876.201.85% Subtotal299,715.47306,716.9321.99% TOTAL299,715.47306,716.9321.99% REAL RETURN ASSETS VANGUARD INFLATION PROTECTED SECURITIES FD VAIPX2,045.72527.5356,315.3428.5458,385.004.19% POWERSHARES DB COMMODITY INDEX TRACKING FD DBC1,450.00029.1842,305.3127.7840,281.002.89% SPDR DOW JONES REIT ETFRWR550.00066.0236,312.0472.9740,133.502.88%

19. As of 12/31/2012 19 www.alescoadvisors.com SERVICE | INTEGRITY | VALUE Community Foundation of Tompkins County SRI Account Portfolio Holdings: Continued... SecuritySymbolQuantity Unit Cost ($) Total Cost ($) Price ($)Value ($) Percent of Portfolio SPDR DJ WILSHIRE INTERNATIONAL REAL ESTATE RWX350.00039.0313,658.9541.3514,472.501.04% Subtotal148,591.64153,272.0010.99% TOTAL148,591.64153,272.0010.99% GRAND TOTAL1,324,343.771,395,082.23100.00%