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2018 Grants by Fund Type:

$ 1,713,781   Donor Advised
      212,177   Named
      765,143   Field of Interest
      146,586   Scholarships
      180,171   General
      439,183   Endowments
      295,073   Designated

$ 3,752,114   Total Grants

Jim Small
"RCF enhances the quality of life in the Racine Community, providing stewardship of donor funds. The Foundation provides grants and assistance throughout our community consistent with the wishes of our donors."
- Ted Hart
Growth in Net Assets since 1976
Racine Community Foundation Asset Growth

FOUNDATION ASSETS

The assets within the Racine Community Foundation are prudently managed and invested for optimum return in accordance with a written investment policy formally approved by the Board of Directors. The Investment Committee works with professional investment managers to monitor the performance of these investments against appropriate market indices.

The financial statements summarized below have been audited by Wegner CPAs. The complete audited financial statements and copies of our 990 are available upon request by contacting the Foundation office.

Statements of Financial Position

ASSETS 2018   2017
    Cash $      151,338   $      299,128
    Unconditional Promises to Give 500,000   100,000
    Investments at Market Value 60,178,942   64,026,948
    Beneficiary in Charitable Remainder Trusts 157,730   185,649
    Other Assets 54,723   56,441
        Total Assets
$ 61,042,733
 
$ 64,668,166
 
 
LIABILITIES AND NET ASSETS      
    Accounts Payable & Accrued Liabilities $        51,620   $          1,090
    Organizational Endowments 5,857,249   6,495,913
    Net Assets 55,133,864   58,171,163
        Total Liabilities and Net Assets
$ 61,042,733
 
$ 64,668,166
 
 
TOTAL CONTRIBUTIONS RECEIVED $   3,233,113   $   1,639,733
TOTAL GRANTS AWARDED $   3,752,114   $   2,807,024