Financial & Investment Information
The stewardship of East Tennessee Foundation’s assets is the most important responsibility of the Board of Directors. When you place your gifts in our care, we know that you count on ETF to operate efficiently and invest wisely. Our capacity to serve the East Tennessee region is directly tied to our ability to preserve and enhance our financial assets. ETF operates cost-effectively on less than one penny of every dollar, as a percent of total assets.
- The financial statements, including the assets and activities of our ten supporting foundations, are audited annually.
- All tax returns and other reports are submitted on a timely basis.
- Grant funds are expended with appropriate due diligence to qualified organizations.
- ETF follows industry best practices, as indicated by our national standards certification for community foundations through the Community Foundations National Standards Board, a supporting organization of the Council on Foundations.