Foundation Facts

The Schenectady Foundation at a glance

Governance

Foundation established in 1962
The Schenectady Foundation is a philanthropic trust (not a corporation)
Governance structure:

• Trustee Banks: Trustco and Key Bank (manage and invest assets)
• Appointing Authority (selects Distribution Committee members)
• Distribution Committee (makes grant and policy decisions)

Financial Performance Snapshot (audited)

Assets as of 12/31/05:	$24,162,087
Assets: 5 year avg	$21,981,693
Increase in assets - 5 years:	31.8%
Annualized Investment Return over 10 years:	7.61%
Equity/Bond Mix of Investments:	60%/40% (approximate)
% Grants/Assets (5 years):	3.2%
% Administrative Expenses/Assets (5 years):	0.47%

Grants

Total Granted since inception:	$10,042,534
Grants/Scholarships (last 5 years):	$3,460,339
Average Granted per year (5 years):	$692,048
Average Grant: last 5 years	$52,042
Largest Grants:	$750,000 - Child Development Resource Center $250,000 - Ellis Hospital Emergency Room Renovation $250,000 - Union College Schaffer Library $250,000 - Hospital Unification Grant (St. Clare's/Ellis) $200,000 - Sunnyview Hospital Pediatrics Program and Modernization $200,000 - Proctors Theatre and Facility Expansion $200,000 - Ellis Hospital Intensive Care Unit

Gifts

Total Gifts Received: Last 5 years

$3,118,406