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 to nearly 600 families and have grown significantly since we were birthed in 1995 from the sale of The Venice Hospital.
We are a business – a good one – run with the same discipline as any private enterprise. 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. We are Confirmed in Compliance with National Standards for U.S. Community Foundations.
If Gulf Coast is a bellwether, our 2013 fiscal year (July 2012 - June 2013) performance heralds cautious optimism (or inspired pragmatism, as we like to approach it). 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, as donors invested in philanthropy and we leveraged funding from beyond our region. Together, with our donors, Gulf Coast invested $19.6 million in grants, initiatives, and scholarships.
We think you’ll see, how strong we have built—not to mention reinforced—the foundation of our community.