Financials
As a public charity, tax exempt under section 501(c)(3) of the Internal Revenue Code, The Youngstown Foundation adheres to the highest standards to operate in the public view and the public interest. The Youngstown Foundation is a member of the Philanthropy Ohio and the Council on Foundations and our policies and procedures reflect the organization standards established by these industry leaders.
The Youngstown Foundation is committed to maintaining financial transparency. We invite you to review our most recent audited financial statements and Form 990s below. The documents are formatted as PDFs. To view them, download a free version of Adobe Acrobat Reader.
Investment Performance
Our excellent stewardship of the Foundation’s fiscal resources includes stringent attention to efficient and cost-effective management. Through prudent oversight, its investment management strategies ensure that the organization’s endowment continues to provide for significant grantmaking in our community, now and for future generations.
Asset Growth over 10 years (Dollars in Millions)
Asset Allocation - 2020
Spending Policy
The Youngstown Foundation Distribution Committee has set a spending rate of 4.5% annually for permanently endowed funds (based on a rolling average of fund balance over the previous 3 years) to sustain these funds in perpetuity.