Financials
Transparency is our Policy
It is an honor and privilege to steward the resources that we are entrusted with at CFMT. Leveraging these funds to create the most impact for good in our community is a responsibility we don’t take lightly or for granted.
As a result, it is our policy to be transparent with the public regarding the funds that come in and where the money goes through grantmaking. We fully understand that our commitment is to the community’s current generation, as well as the emerging new one.
Download Financial Documents
To view all our financial documents, including Form 990s and audit documents, visit Community Foundation of Middle Tennessee’s GivingMatters.com profile.
How We Operate
Even if someone donates $500,000 or more, we can handle their money separately based on their preferences. However, most of our investments are combined, and we make careful decisions about how to invest. We typically keep about 35-40% of the money in cash or stable investments and the remaining 60-65% in stocks or similar investments. This way, we can be responsible with the money entrusted to us and ensure it grows over time.
Audit
The financial statements of the Foundation for the year ended 12/31/2022 have been audited by KraftCPAs PLLC. Copies of their unqualified opinion and the complete financial report are available at no charge by calling (615) 321-4939 or toll free (888) 540-5200.
The condensed financial information presented here was prepared by the Foundation and does not reflect The Financial Accounting Standards Board issued Statement Number 136, transfers of assets to a not-for-profit organization or charitable trust that raises or holds contributions for the benefit of others (FAS 136).
Figures do not include expenses incurred as a result of special services specifically requested by donors. Mutual Fund expenses are not included in the Investment Management Custodial Fee.
To view our financial documents, including Form 990s and audit documents, visit Community Foundation of Middle Tennessee’s GivingMatters.com profile.
Community Foundation of Middle Tennessee
Tax ID: 62-1471789
James C. Munch
Chief Financial Officer
Interested in Learning More?
Contact our Chief Financial Officer, James C. Munch to learn more today.
