Grants authorized: $1.275 million
Number of funds under management: 60
Minimum fund size: $10,000
Average fund size: $179,000
Largest fund: $1.95 million
Gifts to the Community Foundation: $664,166
Assets (total): $9 million
Operating expenses: 0.9% of total assets
Staffing: 3 PTEs
IRS E.I. Number: 63-1225003
Scholarship Information – 9 recipients received a total of $17,000 in scholarships.
Audit Information – A complete audit is conducted yearly by LeCroy, Hunter & Company, P.C., Northport, AL. All audit information is available for review at the CFWA office.
Web Information – www.thecfwa.org
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Grant Cycles – For charitable organizations we offer 2 grant cycles each year with deadlines of April 1 and October 1. Additionally we offer educational grants available to teachers each fall with a deadline of November 1. Applications for both grant cycles can be found online at www.thecfwa.org.
2015 Disbursal Statistics
2015 marked the 5th consecutive year the CFWA has surpassed the $1 million mark in disbursals to our local charities. The graph below shows a breakdown of how those funds were distributed.
CFWA 2015 Financial Distribution
Financial State December 31, 2015
Year Grants Awarded Gifts Received Total Assets
2015 1,275,347 664,166 8,939,798
Year Grants Awarded Gifts Received
1999-2014 14,141,035 21,470,696
Become a member of the CFWA family
How You Can Give
When? During your lifetime or in your will
Why? To honor a special person, to memorialize a loved one, to gain a tax deduction, or to leave a legacy
How much? Any gift is appreciated, and you can open a new named fund for $10,000
What assets? Cash, stock, bonds, property, insurance and more
Who? Anyone who cares about the future of our community
Check with your own professional advisors as to how a gift would fit in with your tax and estate plans.
IRS Tax Payer ID: 63-1225003
All audit information is available for review at the CFWA office.