How much does the CAEF distribute each year?
The formula for calculating grant amounts has always generated a number much higher than the endowment fund’s investment earnings. For example, we would have needed more than $21 million in investment earnings for 2022’s 171 recipients! We therefore prorated the grants so they totaled the fund’s $861,472 investment earnings.
The formula is:
- Year 1 "Prior Fiscal Year": For the portion of donor contributions which is equal to $15,000 or more but does not exceed the total donor contributions for the prior fiscal year, there shall be a match of 25% of such amount, capped at $250,000.
- Year 2 "Most Recent Fiscal Year": For the portion of the total donor contributions that exceeds the total donor contributions for the prior fiscal year, there shall be a match of 100%, capped at $1 million.
| Fiscal Year | CAEF Investment Earnings | Number of Grant Recipients |
|---|---|---|
|
2022 |
$861,472 |
171 |
|
2021 |
$802,813 |
182 |
|
2020 |
$803,442 |
147 |
|
2019 |
$787,662 |
167 |
|
2018 |
$773,539 |
133 |
|
2017 |
$397,354 |
114 |
|
2016 |
$385,301 |
130 |
|
2015 |
$446,607 |
117 |
|
2014 |
$500,064 |
110 |
|
2013 |
$620,700 |
107 |
|
2012 |
$670,530 |
101 |
|
2011 |
$767,183 |
102 |
|
2010 |
$852,200 |
95 |