CFOS Foundation - In the News

CFOS Foundation Approves Grants to 3 Oregon Nonprofit Organizations

Bellevue, WA - The CFOS Foundation approved grants to the following Oregon organizations:

  • Kinship House 
  • Bridge Meadows
  • Child First for Oregon

Topics: Non Profit Organizations News

Financial Projections and Analysis Considerations

An important part of the business planning process is the preparation of financial statements to predict the outcome of an organization’s results in future periods.

Financial projections are based on compiling the internal and external accounting data you already use in the day-to-day management of your business. By projecting your revenue and expenses, you can get a more accurate view for how successful your business can be. Creating financial projections is not an easy task but is a very important part of developing a sound strategy. The financials tell you what goals to keep and what to cut.
 
Projections can also be a guide to help your business grow without running out of cash. To generate and support additional revenues, additional cash is always required. Financial projections help you assess what additional assets are needed to support increased revenue and the potential impact on your balance sheet. The projected financial plan indicates how much additional debt or equity you need to remain solvent and healthy.

Topics: Analysis Financial Projections

Oregon Members Join CFOS Foundation Board

At CFO Selections, part of our commitment to philanthropy is  “giving back to the communities in which we live and work.”  So we’re very pleased to announce the addition of our first Oregon-based Foundation Board members, Derenda Timmons Schubert and Carol Wire. 

Topics: CFOS Foundation News

CFO Selections Named to List of Washington’s Top 75 Corporate Philanthropists

Published In: Puget Sound Business Journal 
Author: Becky Monk

Bellevue, WA — We’re pleased to announce that CFO Selections has been named by the Puget Sound Business Journal as one of Washington’s top 75 corporate philanthropists.

Topics: CFOS Foundation News

CFO Selections Celebrates 1,000th Client; Joins Fran’s to Support Local Nonprofit Neighborhood House

Since our first client engagement in 2002, we’ve been proud to bring excellent finance and accounting services to many local companies and nonprofit organizations. It’s been our privilege to work with diverse groups pursuing a wide range of missions, from heavy manufacturing to trauma services for children. This month, we’re celebrating a milestone – our 1,000th client. And this particular gig, if we may say so, is pretty sweet.

Topics: CFOS Foundation News

CFOS Foundation Makes Grant to TeamChild

Bellevue, WA — The CFO Selections Foundation is pleased to announce a grant of $61,000 to TeamChild.

Topics: CFOS Foundation News

CFOS Foundation Joins with Treehouse, Awards Grant for Foster Children

As part of its continuing mission to impact the lives of foster children, the CFOS Foundation is pleased to announce a grant of $15,000 to Treehouse. This grant will support Treehouse’s programs to help kids in foster care experience success in school and in life.

Topics: CFOS Foundation News

CFOS Foundation Announces Second Grant to Amara Parenting

Bellevue, WA — Continuing its mission to improve the lives of foster children, the CFOS Foundation is pleased to announce that it has awarded a $50,000 grant to Amara, the second grant to the organization in five years.

Topics: CFOS Foundation News

CFO Selections Honored for Corporate Philanthropy at the 2015 Community Impact Awards

Bellevue, WA — CFO Selections is pleased to announce that we are a 2015 Silver Award Winner in Seattle Business Magazine’s Community Impact Awards, for the category of Small Business of the Year.

Topics: CFOS Foundation News

Blackberry Vines, Boxes, and Bookcases: CFO Selections Joins in King County United Way Day of Caring

Bellevue, WA — On September 18, a team from CFO Selections joined  with 12,000 volunteers from all over King County to participate in the United Way’s Day of Caring.  United WayOn this day, work teams participated in over 500 service projects.

Topics: CFOS Foundation News

CFO Selections Honored by The Seattle Foundation & the PSBJ for Corporate Giving

Bellevue, WA — For the seventh consecutive year, CFO Selections has been recognized by The Seattle Foundation and the Puget Sound Business Journal as one of the area’s Top Corporate Philanthropists in the “small company” category.  Among those on the list reporting in-kind giving, CFO Selections placed first.

Topics: CFOS Foundation News

CFO Selections Honored in PSBJ Corporate Citizenship

Published In: Puget Sound Business Journal on May 22nd, 2015
Author: Sean Myers

Founded in 2002, Kirkland-based [Bellevue-editor] CFO Selections had philanthropy on the back burner for several years. The company initially matched some employee contributions and allowed employees time off to volunteer.
Topics: CFOS Foundation News

The Long View: Companies Establish Strong Foundations for Long-Term Goals

Published In: Puget Sound Business Journal - Corporate Citizenship Supplement
Author: Alisha Gomez 

Excerpt from a longer article, on corporate foundations:

“For Tom Varga, managing partner at financial recruiting firm CFO Selections, corporate philanthropy had to be part of his company’s culture from the start.  ‘I don’t think a lot of businesses, when they get going, think about the fact that as a corporate citizens, there’s a larger responsibility other than making a profit for your shareholders,’ Varga said.

Topics: CFOS Foundation News

CFOS Foundation Makes Grant To Kindering

Bellevue, WA — The CFOS Foundation is pleased to announce our largest grant to date, a maximum of $100,000 in funding and in-kind services to Kindering.

Topics: CFOS Foundation News

Local Foundations Join Forces to Fund Youth Leadership Training

At CFO Selections, we know the power of a group can be far greater than the sum of its parts.  We see this in our consulting and search practices, and are beginning to explore the idea of collective impact through cooperation in the CFOS Foundation as well. 

Topics: CFOS Foundation News

AEA Honors Contributions to Health & Human Services

Published In: Kirkland Patch on May 30th 2013
Author: AEA Staff 

REDMOND, Wash. —The Alliance of Eastside Agencies (AEA), a professional membership organization of human service providers, is honoring five individuals and two organizations at its ninth annual awards luncheon being held at Bear Creek Country Club on Wednesday, June 12 at noon.

Topics: CFOS Foundation News

CFO Selections Recognized for Corporate Giving 2013

Bellevue, WA — For the fifth consecutive year, CFO Selections has been recognized by The Seattle Foundation and the Puget Sound Business Journal as one of the area’s  Top Corporate Philanthropists in the “small company” category.

Topics: CFOS Foundation News

CFOS Foundation Awards Grant To Powerful Schools

Bellevue, WA — Vulnerable children in Seattle and South King County  will benefit from the award of a $10,000 grant to Powerful Schools by the CFOS Foundation. 

Topics: CFOS Foundation News

CFO Selections Recognized for Corporate Giving

Bellevue, WA — For the fourth year in a row, CFO Selections has been named as one of 25 companies in the  Puget Sound Business Journal’s list of Top Corporate Philanthropists (small company category).

Topics: CFOS Foundation News

Corporate Champions: Proactive corporate philanthropy builds a healthy community

Published In: Puget Sound Business Journal on May 13th 2012
Author: Norman Rice

“The healthy community framework [which guides the Seattle Foundation] was the perfect starting place when CFO Selections took its first early steps into corporate philanthropy. The firm, which specializes in providing senior financial consulting and executive search services, started the CFOS Foundation in 2007 to support the needs of local children in the markets the firm serves.
Topics: CFOS Foundation News