The San Diego Foundation reported that it made grants totaling $50.9 million to the local, state and national nonprofit community in its latest fiscal year.
“In 2017, the San Diego Foundation experienced a coming together of our community even stronger than before,” said Dr. Constance Carroll, chair of the board of governors. “Many donors gave generously to those facing lack of opportunity, disaster, prejudice and violence.”
The foundation supported 1,714 nonprofit organizations with 5,686 individual grants across six major categories:
- $12.3 million for health & human services
- $11.7 million for education scholarships
- $9.6 million for arts and culture
- $7.2 million for civil society
- $5.8 million for environment
- $1.9 for youth development
Seventy-five percent of the grants went to nonprofits in San Diego County, and 8 percent to organizations elsewhere in California.
The numbers for the fiscal year ended June 30 were contained in the foundation’s annual report, which was released to the public last week. The grant total compared to $58.6 million the previous year and $48.1 million two years ago.
Donors have recently given more than $700,000 to communities around the world that have been impacted by earthquakes, hurricanes and wildfires.
“The global events of the past year have challenged us in ways that we may have once considered unimaginable,” said Kathlyn Mead, president & CEO of the foundation. “Through these challenges, hearts have been touched, and important conversations have begun.”
Matt Fettig, the foundation’s chief investment officer, said donors experienced “significant returns” on their funds during the past fiscal year due to the state of the market, a well-diversified portfolio and the expertise of the foundation’s investment committee.
The foundation manages $744 million in total assets, including $474 million in endowment funds. It has granted over $1 billion to nonprofits since it was created in 1975.