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Dear Philanthropic Ladies,
Welcome to 2024! I am anticipating another high impact year with significant grantmaking, while reaching a significant milestone in cumulative giving. With your 2024 contributions coming in strong, I thought it might be of interest to give you an overview of where we are financially.
I will start by saying that the state of our funds is strong! We started 2023 with $1,197,677 in the Women in Philanthropy Fund, and I am pleased to let you know that we ended the year with $1,288,033 in the fund. While in 2022 we saw significant investment losses due to market softness, 2023 turned that around with substantial investment income. With that strong performance and year end contributions, we ended the year with over $90,000 available for grants, while at the end of 2022 we had $87,400 available and were able to award $101,875. With the strong inflow of your contributions, we are projecting over $100,000 by the time we make the grants. We are also grateful that individual contributions, on average, are exceeding our historic $300 amount. I would like to think that this is reinforcement of the significant impact that our grants have in the community and confidence in the outstanding work our Grants Committee does to ensure that it continues. And to provide more good news, we have $22,494 available from the Dr. Juliann Bluitt Foster Memorial Fund. Combined, we hope to exceed the $124,375 record amount last year.
We are looking forward to celebrating our 21st year by exceeding $1 million in cumulative grants! Thank you for your contributions that will make that happen. I know it is early but mark your calendars for the Spring Luncheon, where we will have much to cheer.
Sincerely,
Lesley
Lesley Gilbert
Advisory Board Chair, 2022-24
Women in Philanthropy
lcg1687@aol.com
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