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Financial Information

At PCF, we are careful stewards of the resources entrusted to us and view financial responsibility as a cornerstone of community trust. Every dollar entrusted to us is managed with care, diligence, and purpose to ensure long-term impact for Pasadena-area nonprofits and residents.

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Responsible Stewardship

Transparency and Accountability

We’re proud to uphold rigorous standards of transparency, guided by strong governance, independent audits, and publicly available financial statements. Our investment strategies are designed to preserve and grow charitable assets, so today’s donations continue to fuel tomorrow’s solutions.

Financial StatementsGovernance Letter990
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Commitment to Growth

Investment Committee

The Investment Committee supports the Board in fulfilling its fiduciary responsibilities by providing ongoing oversight and strategic recommendations related to the Foundation’s investment management. The Committee establishes investment goals and monitors the performance of assets, ensuring alignment with both long-term growth objectives and short-term cash management needs that support philanthropic initiatives.

Members
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Audit Committee

The Audit Committee is responsible for safeguarding the integrity of the Foundation’s financial operations. It ensures that the organization’s financial systems and practices are independently reviewed by an external auditor. Through this process, the Board receives objective and reliable insights into the Foundation’s financial activities. The committee also provides oversight of financial reporting, internal controls, and the annual independent audit to promote accuracy, transparency, and accountability.

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The Finance, Administration, and Budget Committee

The Finance, Administration, and Budget Committee is responsible for overseeing the Foundation’s overall operations. Its duties include reviewing the annual operating and grant budgets, evaluating compensation, and advising on human resources policies. The Committee also monitors key financial activities such as cash flow, bank transfers, and contractual obligations. Additionally, it reviews insurance coverage and examines policies and procedures that may affect PCF’s operational efficiency or budgetary planning.

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Stewarding Generosity with Integrity

4.5%

Spending Policy

PCF follows the Uniform Prudent Management of Institutional Funds Act (UPMIFA), which allows for a disciplined, principle-based approach to endowment spending. The current 4.5% annual spending rate is designed to balance current grantmaking with long-term preservation of capital. PCF’s Finance Committee approves a spending policy annually.

88%

Program Expense Ratio

This high percentage reflects strong financial stewardship and is a key indicator of nonprofit efficiency and impact — anything above 75% is generally considered excellent in the nonprofit sector.

16%

Asset Growth from 2023 to 2024

PCF’s assets grew to $187.5 million in 2024 — a 16% increase over 2023 — and the foundation continued to increase grantmaking, demonstrating both strong investment growth and a deepening commitment to community impact.

18%

Grant Growth from 2023 to 2024

In 2024, PCF awarded $9.55 million in total grants, reflecting a $1.47 million increase (approximately 18%) over 2023. This growth includes significant increases across donor advised, field of interest, and discretionary grants — reinforcing PCF’s expanding philanthropic reach and its commitment to addressing community needs as assets grow.

Featured News and Stories

We believe strong communities thrive when philanthropy tackles real needs. To create lasting impact in Greater Pasadena, we focus on six key areas that that drive opportunity, build resilience, and improve well-being.

Apr
27

A Professional’s Take on Donor Advised Funds

Looking at PCF’s impact through a professional lens, Don Hall (pictured), Owner and Chief Investment Officer of Hall Capital Management, believes the donor advised fund (DAF) options at PCF offer his clients a way to maximize charitable impact, while minimizing income taxes. If a donor has abnormally high taxable income or capital gain in a […]
Oct
22

PCF: A Partner in Estate Planning

It’s National Estate Planning Awareness Week, which offers a great reminder about why community foundations like Pasadena Community Foundation (PCF) can be an exceptional partner for your clients who have charitable intent. We can help donors define and preserve their core values through a philanthropic legacy. Pasadena Community Foundation is a unique estate planning partner […]
May
25

Make Your Impact in Pasadena in 3 Easy Steps

The mission of Pasadena Community Foundation is powered by endowments. PCF is able to support an impressive range of causes and organizations because local philanthropists – people just like you – decided to invest in their passions and support PCF’s local grantmaking in the greater Pasadena area. It takes just three steps for PCF Endowment […]
Apr
27

A Professional’s Take on Donor Advised Funds

Looking at PCF’s impact through a professional lens, Don Hall (pictured), Owner and Chief Investment Officer of Hall Capital Management, believes the donor advised fund (DAF) options at PCF offer his clients a way to maximize charitable impact, while minimizing income taxes. If a donor has abnormally high taxable income or capital gain in a […]
Oct
22

PCF: A Partner in Estate Planning

It’s National Estate Planning Awareness Week, which offers a great reminder about why community foundations like Pasadena Community Foundation (PCF) can be an exceptional partner for your clients who have charitable intent. We can help donors define and preserve their core values through a philanthropic legacy. Pasadena Community Foundation is a unique estate planning partner […]
May
25

Make Your Impact in Pasadena in 3 Easy Steps

The mission of Pasadena Community Foundation is powered by endowments. PCF is able to support an impressive range of causes and organizations because local philanthropists – people just like you – decided to invest in their passions and support PCF’s local grantmaking in the greater Pasadena area. It takes just three steps for PCF Endowment […]
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