The Community Foundation of South Alabama is an Alabama not-for-profit corporation approved by the Internal Revenue Service as a publicly supported organization under Section 509(a)(1) and (170)(b)(1)(A)(VI).
The Community Foundation of South Alabama recognizes the stewardship of the assets entrusted to us as one of our most important responsibilities.
The trust of our donors is based upon our ability to invest these resources prudently and to use the income produced in accordance with our donor’s charitable wishes, today and in the future. The responsibility for managing the investment portfolios of The Community Foundation of South Alabama is vested in the Board of Directors through the Investment Committee.
This Committee works closely with staff to set policy, establish performance benchmarks and continually monitor the effectiveness of The Community Foundation portfolio. The Community Foundation of South Alabama is audited by independent auditors McKean & Associates CPAs and Consultants. A copy of the Audit Report and Financial Statements are available upon request. Please call 251-438-5591 for more information. 2011 Annual Report (PDF; 401 KB) IRS Form 990 Fiscal Year 2011 (PDF; 1.8 MB) 2010 Annual Report (PDF; 707 KB) IRS Form 990 Fiscal Year 2010 (PDF; 1.7 MB) 2009 Annual Report (PDF; 1.81 MB) IRS Form 990 Fiscal Year 2009 (PDF; 6.91 MB)