At Gulf Coast, we take seriously and as a matter of character our responsibility to be good stewards of the community assets and donor funds entrusted to us. We are the philanthropic home of nearly 600 families that have established charitable funds here, and have grown significantly since we were born in 1995 from the sale of The Venice Hospital.
Gulf Coast is a business—a good one—run with the same discipline as any private enterprise. We were among the first community foundations to be confirmed in compliance with National Standards for U.S. Community Foundations, the most rigorous standards in philanthropy for operational quality, integrity, and accountability. We answer to our donors and our nonprofit partners, and our goal is to maximize return on investment and transform our region through bold and proactive philanthropy.
In our 2013 fiscal year (July 2012 - June 2013), Gulf Coast’s assets grew to $232.6 million, with investment returns of 11.1 percent. Contributions to the foundation increased by $1 million over the prior year, to $19.9 million. Together with our donors, Gulf Coast invested $19.6 million in grants, initiatives, and scholarships last year.
We encourage you to review the documents below on our grantmaking, finances, and investments. We think you’ll see, with each figure and graph, how strong we have built—not to mention reinforced—the foundation of our community.