Custom Reports Deprecation: Cornerstone has begun deprecating the legacy reporting solution "Custom Reports" as of August 2022, continuing with the November '22 Release. See Deprecation of Custom Reports - Phase 2.
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.