The Family Sunshine Center Foundation, Inc. was founded on September 21, 1998.
A Message from the Foundation Board President, Mr. Louis Cardinal, III
The Family Sunshine Center Foundation continues support for the financial operations of the FSC. The assets are used as needed for construction projects and development.
Our asset mix between stocks and bonds served us well over the last year given the improvement in the stock market. At the end of the fiscal year, the assets of the foundation total $1.896 million and are divided 42% equity and 58% fixed income, real assets and cash. Our capital gains and dividends are reinvested at the same mix by the board and investment advisor Wells Fargo Bank. Together, we routinely review the investment strategy.
The foundation’s endowment will continue to ensure financial support to the FSC, and we were pleased to provideincreased funding this year to help make up the shortfall. In fact, we are grateful the foundation exists to provide the FSC with stability during times of economic uncertainty. We appreciate the ongoing support from the community. The Foundation acts as the steward of previously provided funds and does not actively solicit new gifts so as not to compete with annual support.
Louis C. Cardinal, III, President
Laura Crum, Vice President
Steve Martin, Treasurer
Richard Stabler, Secretary
Teresa S. Bechard
Samuel Whalum, Jr.