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Barrington Area Community Foundation - Financial Reports
 

DISCLOSURE INFORMATION:

As of the audited report of December 31, 2012, the Barrington Area Community Foundation had net assets of $3.6 million, over 20 times the total expenses of $158 thousand in the fiscal year.

As an IRS approved foundation that grants 5% of net assets averaged over the trailing 20 quarters, net assets will normally be 15 to 20 times the amount granted plus expenses. Any other outcome would not protect the corpus, according to long-term research and practice in the field.

Annual audited reports are posted each year by September 1.

 

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