We intend to be fully transparent about where the foundation's money is invested. Investments are selected to support (or at least not oppose!) our mission and maintain a responsible level of risk. We'll update this page after the end of each fiscal year.

Here is our legalese investment and spending policy statement.

2025

Here is our public 2025 federal tax filing detailing Cottonwood Spring's investment performance and expenses. In 2025, the investments were publicly traded companies that met our strict ESG filters plus a mission-driven (climate) venture investment with the MCJ 2023 Fund. Here is a complete list of our 427 equity investments at the end of 2025. If you see one that doesn't seem to fit our mission, please let us know! We just found a few compiling this list.