Charles J Boulier III, Chairman of the Board
Maria Falvo, President & CEO
As we enter 2017, we would like to take a moment to reflect on the past year, and some of the Foundation’s major accomplishments from 2016. Last year, the Foundation surpassed a huge milestone – in the years since we were founded, the Foundation has awarded a cumulative total of over $50 million.
Contributions in 2016 totaled $3.4 million, which includes $780,000 in college scholarships to 393 students, and over $2.5 million in grants to area nonprofits. You can find the complete list of our 2016 grants posted on our website.
Other highlights from the past year included:
In 2017, we are looking towards the future, understanding that it will hold exciting opportunities as well as new challenges. State and Federal funding cuts will continue to impact many nonprofit agencies in the communities we serve. Nationally, endowments of all sizes have faced a challenging investment environment – and at the American Savings Foundation, we will see this impact our contributions budget. For the first time since 2010, our 2016 total contributions declined slightly from the prior year. In 2017, we expect another modest decrease. With careful planning, we believe we will be able to minimize the impact on the communities we serve.
In 2017, our board will begin a strategic planning process. As always, our goal will be to preserve the Legacy of the American Savings Foundation while also evolving to meet the challenges of the future. Part of the planning process will include a survey of grantseekers to help us understand what challenges agencies are facing in this changing landscape.
New Program Grant Proposal Deadlines for 2017
Beginning January 1, 2017, the Foundation will be following new deadlines for all program grant proposals. This will help us provide clear and consistent guidance to grantseekers, while maintaining our commitment to being open and responsive to the community. For more information, visit our Frequently Asked Questions and our Proposal Guidelines.
Throughout our history, the Foundation has worked to be a partner in the community, responding to evolving needs, and looking for opportunities to leverage our grantmaking dollars. We will continue to work closely with grantees, fellow funders, and community leaders to look for innovative ways we can make a lasting impact in the communities we serve.