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THE COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION INC

ALBANY, NY · EIN 141505623 · Form 990 · FY2024 · NTEE T31 · Philanthropy & Grantmaking · Large ($10M-$50M) · cfgcr.org
revenue
$11.4M
expenses
$8.7M
net assets
$114.5M
employees
9
volunteers
50
program ratio
82%
mission · from form 990

THE COMMUNITY FOUNDATION'S MISSION IS TO STRENGTHEN THE COMMUNITY THROUGH PHILANTHROPY. THE FOUNDATION DOES THIS IN COLLABORATION WITH DONORS AND COMMUNITY PARTNERS WHO SHARE ITS VISION FOR COMMUNITY TRANSFORMATION THROUGH STEWARDSHIP OF CHARITABLE ENDOWMENTS, SUPERIOR DONOR SERVICES, EFFECTIVE GRANT MAKING, AND LEADERSHIP TO ADDRESS COMMUNITY NEEDS.

profile · synthesized from sources

The Community Foundation for the Greater Capital Region strengthens the Capital Region through philanthropy by managing charitable endowments, offering donor-advised and other charitable funds, and making grants to nonprofits. It supports donors, nonprofits, and community partners through stewardship, grantmaking, and leadership on community issues. Founded in 1968, it operates as a public charity with a focus on long-term community impact.

named programs · 5 · from sources

What they call their work

Agency Endowments
Endowment funds established to provide nonprofit organizations with a steady, predictable stream of income for long-term sustainability
Capital Region Indicators
Initiative providing data and reports on regional well-being to inform community decision-making and track progress
Competitive Grant Programs
Grant opportunities for eligible nonprofits addressing community needs in areas such as health, housing, arts & culture, and leadership development
Donor-Advised Funds
Charitable giving vehicle that allows donors to make contributions, receive immediate tax deductions, and recommend grants to qualified nonprofits over time
Niskayuna Community Foundation (NCF)
Geographic fund of the Community Foundation that awards grants in arts, education, health, and human services to enhance quality of life in Niskayuna
activities · 4 groups

What they do

  • Endowment and Gift Fund Management 2 activities
    • Manages charitable endowments and donor funds
      Manages over 450 individual charitable funds through pooled investment to preserve and grow asset value, stewarding endowments to support community needs and provide donor services.
    • Strengthens nonprofit capacity through fund management
      Manages agency funds to strengthen nonprofit agencies and institutions in the Capital Region, enhancing organizational sustainability and effectiveness.
  • General Operating Support Grants 1 activity
    • Administers competitive grant programs
      Offers competitive grant programs to eligible nonprofit organizations, focusing on areas such as arts, education, health, and human services to support community growth in the Capital Region, including Niskayuna.
  • Community Capacity Building & Leadership Networks 1 activity
    • Facilitates cross-sector collaboration for community impact
      Collaborates with donors, nonprofits, corporations, and civic leaders to address community challenges and advance equity and shared prosperity in the Greater Capital Region.
  • Donor-Advised Fund Grantmaking 1 activity
    • Provides charitable giving options and donor services
      Supports individuals and organizations in achieving their charitable goals by providing multiple options for charitable giving and ongoing stewardship of funds.
financials · form 990 · fy2024
revenue
Total revenue$11.35M
Contributions & grants$4.88M43%
Program service revenue$149K1%
Investment income$6.35M56%
Other revenue$-16K
expenses
Total expenses$8.71M
Program expenses82%
Admin / overhead15%
Fundraising2%
Salaries & benefits$1.12M
Grants paid out$6.52M
Largest expense lineCompensation
balance sheet
Total assets$119.82M
Cash$1.55M
Investments$116.27M
Liabilities$5.31M
Net assets$114.51M
Liquid reserves162.4 mo
3 years on record · 2020–2024 · YoY revenue +26.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 5
NameTitleHours/wkCompensation
JOHN G EBERLE PRESIDENT & CEO 40 $241K
TERRY D MARIANO CFO 40 $171K
MINDY DEROSIA VICE PRESIDENT, DEVELOPMENT 40 $126K
SHELLY CONNOLLY VICE PRESIDENT, COMMUNITY GRANTMAKING 40 $121K
JENNA CUILLA DIRECTOR, ADVANCEMENT OPERATIONS 40 $107K
board members · 20
  • AIMEE DAKE — DIRECTOR
  • ALEX ZHANG CPA — DIRECTOR
  • ALICIA LASCH — IMMEDIATE PAST CHAIR
  • BELINDA HILTON — CHAIR
  • BRENDA OSORIO — DIRECTOR
  • CHESTER OPALKA — DIRECTOR
  • CHRISTOPHER L CIMIJOTTI CPA — DIRECTOR
  • DAVID CRAFT ESQ — DIRECTOR
  • DAVID HOLLANDER — DIRECTOR
  • EILEEN MCLOUGHLIN — DIRECTOR
  • ELDON HARRIS — DIRECTOR
  • HEIDI KNOBLAUCH PHD — DIRECTOR
  • JEAN BEDELL CPA — VICE CHAIR
  • M CHRISTIAN BENDER — DIRECTOR
  • MEAGHAN E MURPHY ESQ — DIRECTOR
  • MURRAY CARL MASSRY — DIRECTOR
  • ROBERT F AUDI CPA — DIRECTOR
  • ROBERT S REYNOLDS ESQ — SECRETARY
  • ROBERT T HENNES — TREASURER
  • WALTER THORNE — DIRECTOR
relationships · 19

Who they work with

  • Arts & Culture Partner — Partners on arts and culture initiatives in the region.
  • Businesses Partner — Partners with businesses through corporate philanthropy, charitable funds, community investment initiatives, and sponsorships.
  • Capital Region Indicators Partner — Collaborates on data and indicator projects to measure community well-being.
  • Community Partners Partner — Works with community partners to address community needs through grantmaking and leadership.
  • Donors Partner — Collaborates with donors to support community transformation through philanthropy.
  • Health Partner — Partners on health-focused community initiatives.
  • Housing Partner — Partners on housing-related community initiatives.
  • Leadership Development Partner — Collaborates on leadership development initiatives in the region.
  • Niskayuna Community Foundation Partner — Geographic fund of the Community Foundation for the Greater Capital Region focused on Niskayuna.
  • Nonprofit Training Partner — Collaborates on initiatives related to nonprofit capacity building.
  • Prime Buchholz Partner — Provides investment advice and works with the Finance and Investment Committee on strategy, asset allocation, and manager performance monitoring.
  • businesses Partner — Works with businesses to ensure the Community Foundation effectively meets community needs.
  • civic leaders Partner — Collaborates with civic leaders to address pressing community issues and strengthen the region
  • community partners Partner — Collaborates with community partners to support community transformation through philanthropy.
  • corporations Partner — Collaborates with corporations to solve community issues and promote shared prosperity
  • donors Partner — Collaborates with donors to advance philanthropic goals and community impact
  • donors Partner — Collaborates with donors to support community transformation through philanthropy.
  • government agencies Government — Works with government agencies to address community needs.
  • nonprofits Partner — Collaborates with nonprofits to address community challenges and build regional prosperity
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Collaborative Community Leadership to Amplify Regional Impact
    methodology: collaborative-leadership
    By convening donors, nonprofits, corporations, and civic leaders, the foundation drives regional progress, because collective leadership generates more effective solutions to community challenges than isolated efforts.
  • Customized Philanthropic Vehicles to Align Donor Intent with Community Needs
    methodology: customized_philanthropic_vehicles
    By offering tailored giving vehicles—such as donor-advised, designated, and field-of-interest funds—the foundation aligns individual donor goals with evolving community needs, because matching donor intent to strategic community investment increases both philanthropic engagement and long-term impact.
  • Endowment Stewardship for Nonprofit Sustainability
    methodology: endowment_management
    By creating and managing charitable endowments, the foundation provides nonprofits with stable, long-term income, because predictable funding enables greater organizational resilience and sustained community service.