ASSET STEWARDSHIP
ACT invests its assets to provide support for the Adirondack region's current needs and to preserve charitable resources for use by future generations. Our investment policy and asset allocation strategy are developed based on the following objectives: - To earn a sufficient "real" rate of return that supports ACT's spending policy and maintains the purchasing power of its assets adjusted for inflation in perpetuity.
- To control portfolio risk and volatility in order to provide as much year-to-year spending stability as possible and still meet ACT's return objective.
ACT's investment strategy is long-term and designed to achieve its objectives over time, accounting for both good and challenging years.
A list of investment managers, fees charged, and list of Trustees responsible for investment oversight is available upon request by contacting Cali Brooks at Cali@GenerousACT.org. (518) 523-9904 To download a copy of ACT's Endowment Stewardship Report click here. Financial Transparency
As a public charity, the Adirondack Community Trust makes a point of operating in an open manner that welcomes scrutiny. We take our obligation to donors, community groups, and the public very seriously. Accordingly, our federal tax returns, audited financial statements, and other related documents are available by calling the ACT office at (518) 523-9904 and are on file with the New York State Attorney General. Financial Statements
We are also pleased to offer our Financial Statements which includes the independent auditor's report from Bollam, Sheedy, Torani & Co. LLP. Form 990
This return represents the Internal Revenue Service (IRS) Federal Form 990 for the Adirondack Community Trust. The purpose of the Form 990 is to provide the public with a return that summarizes all of the activity of ACT. To review our Tax Determination Letter please click here. If you have any questions regarding the information included in the return, reports or letters, or wish to receive information from prior fiscal years, please contact Cali Brooks, Executive Director at (518) 523-9904 or e-mail cali@generousact.org
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