BELIEVE IN THE FUTURE

O F T H E F L O R I D A K E Y S

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P O T E N T I A L • P O W E R • P O S S I B I L I T Y

2 0 1 6 A N N U A L R E P O R T

YOUR PARTNER IN PARADISEOur local Community Foundation of the Florida Keys works every day to serve the needs of donors and nonprofits throughout the Keys.

Our donors, friends, supporters, local nonprofit leaders and our team form a special social charitable network. Together, we can focus people and resources on making the Keys better today and for the future.

2016, our 20th anniversary year, was a defining year in the Community Foundation’s history. We took note of how far we have come from our founders’ initial insights. Their individual foresight has allowed us to continue their goals in perpetuity. Their vision for the Keys inspires us. We are honored by the trust to carry on their legacies.

Throughout our first 20 years, we have served many individual donors, families and nonprofit organizations. We have channeled more than $21 million into the Keys nonprofit community. Our experience and connection with the community allows CFFK to continue to fulfill our mission to make Key West and the Florida Keys the best place to live.

This anniversary year was also a good time to take a hard look at what our community, donors and nonprofits—our partners—need us to do better in the coming years. We are mindful of our community’s issues in health and human services, environment, education and the arts. This thinking has resulted in an achievable set of initiatives for our next few years:n Encourage and facilitate partnerships. Connect the

nonprofit, business and donor community with the issues we face as a community

n Enrich the lives of everyone in the entire Florida Keys—expand our cultural and geographic diversity

n Educate and celebrate our nonprofit leaders—our Partners in Paradise

n Embark on a continuous improvement program so that we are both internally effective and good stewards of charitable assets

n Expand our grants to innovative nonprofit projects

Our success in these efforts depends on the continued and enhanced support of our community. There is much to be done.

We invite you to join us.

Roger Heinen Dianna SuttonChairman of the Board President and CEO

The Community Foundation received a City of Key West Proclamation from Mayor Craig Cates in honor of our 20th anniversary.

POTENTIAL FOR A BETTER COMMUNITY 2016 Highlights

Launched the Florida Keys Future Fund to expand our grant making and outreach.

Created the Foundation Society annual giving program.

Continued to improve the effectiveness and leadership of the nonprofit sector through the 9th CFFK Leadership Success Academy.

Expanded our Professional Advisor network through a continuing education seminar and established our first Donor-Initiated Investment Account.

Celebrated community volunteers at the Unsung Heroes 16th annual lunch.

Recertified to be in compliance with national standards for community foundations.

Tripled the amount of discretionary grants and expanded outreach by awarding more grants throughout the Keys.

347 GIFTSto CFFK and Managed Funds

$1.55 MILLIONTotal Gifts Receivedto Community Partners

227 GRANTS

$1.63 MILLIONTotal Grants Awarded

133Total Funds

45 NON PROFIT

Funds and Endowments2016

BY

TH

E N

UM

BER

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+9.53%Investment

Returns

$14.6 MILLIONTotal Assets

Received the first Private Foundation conversion into a Donor Advised Fund.

2016 Unsung Hero Ellavise Forbes of the Cornish Memorial A.M.E. Zion Church.

2016 LSA Class, conducted in partnership with Florida Keys Community College and sponsored by the Key West Marriott Beachside.

POWER OF PARTNERSHIPSGrants from the Community Foundation and its generous Donor Fund partners impact residents and visitors from Key West to Key Largo and benefit tens of thousands of children, families and seniors. These collective grants demonstrate how we can do more when we pool our time, talents and resources together. Here are highlights of the impact our grants made in 2016 and how they are improving our Keys community for the future:n Specialized care for residents

with chronic and life-altering illnesses

n Wildlife and environment protection and animal welfare

n Nutritious meals for 580 hungry children a day

n Accessible local arts programs for museums, theaters, music and dance groups to preserve the Keys rich cultural heritage

n Community dialogues and programs on social justice, diversity and equality

n Youth violence prevention and drug and alcohol intervention

n Dental care for students of low income families

n Literacy coaching for over 1,000 students

n Teen pregnancy education for 55 girls ages 6 to 17

n Disaster relief

n 200 mammograms

n Perinatal care for new mothers and childcare

Read the complete list of grant recipients and learn more about our partnerships with nonprofits at cffk.org.

2016 GRANTS AWARDED TO THE COMMUNITY= $1.63 MILLION

Critical services for the elderly

Arts and recreation opportunities for people with physical and developmental disabilities

Youth programs and scholarships

Animal Welfare

Arts and Culture

Education

Environment

General Philanthropy

Health and Human Services

Leadership Programs

Recreation

STATEMENT OF FINANCIAL POSITION From the Community Foundation of the Florida Keys Audit Report, December 31, 2016

Roger Heinen ChairMichael Ingram Vice Chair—MarketingRita Linder Vice Chair—GrantsBill Porter Vice Chair—DevelopmentAnn Reynolds Vice Chair—InvestmentSusanne Woods Treasurer/Vice Chair—FinanceDoug Mayberry Secretary

Ron BurdBobby HighsmithWill LangleyGreg OropezaKaren SharpKen SilvermanRosi WareBrian Wruble

BOARD ADVISORSRay Baker, FounderMichael Dively, FounderShirley Freeman, Past Chair

SPECIAL ADVISORSSusan CardenasThomas ClementsJohn Dolan-HeitlingerSandra McMannisHolly Merrill

Dianna Sutton, CFRE President and CEOHolly Allen Administrative AssistantGreg Charleston Communications ManagerMary Beth Hurd Program and Development CoordinatorMark Songer, CPA Accountant/Bookkeeper

ENDOWMENT INVESTMENT PERFORMANCE COMPARISONAS OF 12/31/16

RESOURCE ALLOCATION PROGRAMS VS ADMINISTRATION

92%Grants and

Program Services

5%General

and Admin3%

Fundraising

1-Year 3-Years Annualized 5-Years Annualized

Community Foundation of the Florida Keys¹ 9.53 3.29 7.18

77/23 Domestic Stock Bond Mix² 10.21 6.79 11.08

77/23 Global Stock Bond Mix³ 6.64 2.27 7.20

65/35 Domestic Stock Bond Mix² 8.94 6.16 9.60

65/35 Global Stock Bond Mix³ 5.87 1.82 6.021 Mason Investment Advisory Services, Inc. manages CFFK’s portfolio and provides investment performance reporting.2 Derived from 77% (or 65%) of the Wilshire 5000 Total Market Index and 23% (or 35%) of the Barclays Capital

Aggregate Index.3 Derived from 77% (or 65%) of the S & P Global BMI Index and 23% (or 35%) of the Barclays Global Aggregate Index.

ASSETS

Current Assets Cash and cash equivalents 275,229 391,794 Investments 13,967,056 13,390,095 Pledges receivable 25,000 62,500 Other Assets 9,762 10,246

Total Current Assets 14,277,047 13,854,635

Investment in Real Property — 448,098

Fixed Assets Building 360,000 360,000 Computer and office equipment 52,554 52,810 Less accumulated depreciation (131,638) (122,204)

Total Fixed Assets 280,916 290,606

Total Assets 14,557,963 14,593,339

LIABILITIES AND NET ASSETS

Current Liabilities Grants payable and accrued expenses 207,386 288,127 Deferred revenue 34,240 70,500 Funds held for agencies 3,349,962 3,120,067

Total Current Liabilities 3,591,588 3,478,694

Net Assets Unrestricted net assets 7,030,574 7,575,104 Temporarily restricted net assets 3,935,801 3,539,541

Total Net Assets 10,966,375 11,114,645

Total Liabilities and Net Assets 14,557,963 14,593,339

12/31/1512/31/16

Youth programs and scholarships

Review our complete financial information, including the full 2016 Audit, the most recent Investment Performance Report, and our Investment Policy, at cffk.org. Questions? Please call 305.292.1502.

Learn more about all of our Board Members including their experience and interests at cffk.org.

2016 BOARD OF GOVERNORS STAFF

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DID YOU KNOW…?n The Community Foundation has provided more than $21 million in grants to

the community since 1996.n CFFK has facilitated grants to more than 275 nonprofits and 167 student

scholarships and teacher awards since 2004.n The Community Foundation is ranked in the Top 100 of community foundations

nationally for active grant making.n 1,845 people and organizations have trusted CFFK as their philanthropic

partner since 2004. n More than 50 individuals and families have pledged $50 million in future

community investments as members of CFFK’s Legacy Society.n CFFK has grown philanthropic investments from $1 million in 1999 to over $15 million today. n The Leadership Success Academy has trained over 400 leaders from nearly 25 percent of Monroe

County charitable nonprofits.n More than 1,100 community volunteers have been honored since 2001 through Unsung Heroes.

300 Southard Street, Suite 201 Key West, Florida 33040 305.292.1502 ••• cffk.org

We’re pleased to share with you our re-accreditation with the National Standards for U.S. Community Foundations. We have been continuously accredited since 2006, affirming that we have met or exceeded the most rigorous benchmarks in philanthropy and have met the highest standards for local giving.

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YOUR PHILANTHROPIC PARTNERIndividual and Business Partners Help Us Help the Keys—Give Now: Contribute to the Future Fund and help us support the most innovative local nonprofit projects.Give Now: Contribute to the Foundation Society and help us achieve our community mission of nonprofit education, outreach and support of our local social charitable network. This network includes donors and nonprofits working together on the issues we face.Create Your Own Fund: Work with us to create a custom fund for your specific personal charitable interests. These can be Donor Advised Funds, Endowments or other vehicles that will fulfill your charitable giving goals.Establish a Nonprofit Endowment: Work with your favorite local nonprofit to set up and fund a Nonprofit Endowment that will provide a perpetual funding source for your group’s charitable mission.Give In The Future: Join the Legacy Society by working with us to set up a legacy fund as part of your estate planning that will continue your local Keys charitable interests after you’re gone. Join our efforts at cffk.org or call 305.292.1502.

CFFK received the VFW Community Service Award in recognition of its 20 years of service to the Keys, accepted by two of its founders Ray Baker and Shirley Freeman.