FINANCIAL OVERVIEW

The Solano Community Foundation serves our donors and the nonprofit community. Our Financial Statements, Independent Auditor's Report and IRS Form 990 for the calendar year 2009 are posted below. This is the most recent year for which we have these documents.

Financial Statement For The Year Ended December 31, 2009

IRS Form 990 for the Solano Community Foundation for the Year Ended December 31, 2009

SCF will make the Form 990-T publically available for any years in which SCF files this form.

SCF’s Investment Philosophy and Policy

Philosophy

The Solano Community Foundation provides support through grantmaking and services to a wide variety of nonprofit organizations that benefit Solano County. The Board and staff of SCF have the fiduciary responsibility to meet current needs while preserving the assets of the Foundation for long-term purposes. Investments will be balanced, diversified, conservative, and pooled to provide maximum investment efficiency.

Policy Statement Summary

The assets of the Foundation will be invested in a balanced, diversified portfolio to:

manage financial risk,
receive the return commensurate with the risk,
provide a reasonable annual distribution,
provide flexibility to accommodate the different needs of donors and grantees,
meet the liquidity needs of the Foundation,
accommodate the growth plans of the Foundation,
preserve and grow principal over the long-term.

To achieve these goals, the Foundation uses professional investment managers. The Board of Directors reviews performance and monitors fees on a regular basis.

We measure against specific benchmarks for this broad diversification:

BarCap Govt/Credit 1-5 Year
USTreasury & CD Securities 6 Month
Russell 1000
Russell 1000 Value
Russell 2000 Growth
Russell 2000
DJ Wilshire REIT
Morgan Stanley Capital International World except US in US dollars
Morgan Stanley Capital International Emerging Markets in US dollars
Morgan Stanley Capital International Europe Australia Far East Value in US dollars.

The Finance and Investment Committee, working together with Dimensional Fund Advisors, comprises SCF’s “money manager.” The Finance and Investment Committee decides and sets policy and exercises due diligence.

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