Finances

Helios Education Foundation invests both its financial resources and staff expertise in education initiatives in Arizona and Florida. We are building a pipeline of students who are prepared for success from early childhood through postsecondary completion.

Investing across the entire education continuum helps to create a college-going culture in our communities. The Foundation’s 2017 community investments include programs, initiatives and charitable contributions in support of student success and education reform that create opportunities for all students.

In order to reach these goals and further our mission, we must operate our organization in an efficient manner that ensures resources will be available now and in the future. The Foundation's portfolio objectives are based on the sound and prudent management practices of the endowment, designed to exist in perpetuity. We manage our resources and operations under the following three principles: Asset Preservation, Growth, and Intergenerational Equity which means that we strive to ensure that future generations will benefit from the same amount of community investment that we currently provide today.

Helios Education Foundation's investment strategy and strong financial position are managed under the close guidance and leadership of the Foundation's Finance Committee and in partnership with the Foundation's Chief Financial Officer, and its independent financial consulting firm. Their steadfast work has put the Foundation in a strong position to continue to grow its investment portfolio so it may continue to make significant investments in Arizona and Florida.

Our independent Certified Public Accounting Firm conducted an independent audit and issued an unqualified opinion of the Foundation's financial statements. They did not issue a management letter for the fiscal year ending September 30, 2017.

“Helios Education Foundation is committed to sound and prudent management of our endowment to ensure that generations of students to come will have opportunities for success in postsecondary education.”

Michael Chesin, Senior Vice President and Chief Financial Officer