Custom Reports Deprecation: Cornerstone will be deprecating the legacy reporting solution "Custom Reports" with the February ’21 Release. For more information, see the announcement in the May '20 release notes and in the May '20 Release Summary & Matrix.
The report folder drop-down displays the custom reports folder hierarchy and enables you to move reports into a designated folder. By default, the Custom Reports folder displays in the drop-down.
To move a report to a specific folder, click the report folder drop-down. This opens a list of available folders. Click the folder name. This adds the report to the folder.