Financial Report
The Foundation's only asset is cash, invested in a Money Market Fund. The Cash Statements reflect the financial activities of the Foundation for the most recent two years. Teri Schwab Treasurer Forest Highlands Foundation Board
Comments The Foundation began its second quarter-century in 2025 with its third-largest year for donations, only surpassed by the 20th and 25th anniversary years which were celebrated with Gala events. The Champions Club, discussed in greater detail in the Development Committee Summary, is the primary driver for the enhanced level of donations in a non-Gala year. The 2025 Foundation Pro- Am Golf Tournament participation was maxed as well as the net funds raised, and Investment Income also reached its highest level in 2025, while Preferred Seating Auctions were slightly lower than in 2024. Grants increased significantly in 2025 and are discussed further in the Grants Committee Report. Administrative expenses returned to traditional levels from the high in 2024, which was impacted most significantly by nonrecurring legal fees related to the 501(c)(3) formation process.
The generosity of the Forest Highlands membership continues to position the Foundation well to provide impactful financial support for the Flagstaff not-for-profit community.
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Photos provided by Girls on the Run, The Lantern, and Camp Colton
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