Page 12 - Our Impact 2014

OUR FINANCESOCF had an exceptional year in 2013–14, with an unprecedented number of donations. These have increased our endowment fund to just shy of £3 million.This is largely as a result of momentum built up over the last three years, which has achieved 179% growth in our endowment funds. We have also grown our annual level of philanthropic donations for grant-making by 100%, to £644,000 over the same period.This is significant progress when considered against a backdrop of economic austerity and public sector funding cutbacks – yet clear evidence of an organisation with an ambitious and engaging strategy to remain financially independent and sustainable.“It is more difficultto give moneyaway intelligentlythan to earn it inthe first place.”Andrew CarnegieOUR YEAR 2013–14OUR INVESTMENT PORTFOLIOOCF’s capital funds are invested through CCLA and Brompton Asset Management. CCLA is the investment fund manager for any donations allocated to our Community First Endowment Match Challenge, which has enabled us to add 50p for every £1 invested.Total return gross investment performance across all our funds, net of costs for year ended 2014, was 5.5%.OCF AND THE CHARITY COMMISSION••Oxfordshire Community Foundation is a Charitable Incorporated Organisation (CIO), Registered Number 1151621.In January 2014, OCF received the Charity Commission-endorsed Quality Assurance (QA3) rating, confirming that our organisation operates in a systematic and highly accountable way, with an external veracity and trustworthiness.12Impact Report 2014