The board members of the Freeport Community Foundation take their role as stewards of the Foundation’s funds very seriously.  We are proud of our success in striking a balance between the desire to increase our assets while also addressing the needs of the community through grants.   The Freeport Community Foundation’s assets are managed by a local wealth management service in accordance with an investment policy approved by the Board of Directors.  In 2006, the Freeport Community Foundation’s investments produced a 16.6% return.  Our average annual return since October 1, 2004 has been 14.63%. As our funds grow, so does our ability to respond to community needs, as evidenced by the fact that in 2007 the Freeport Community Foundation  awarded $170,750.00!  That is a huge contribution to the community!  We granted 45 grants to 40 organizations.