2018 Grants by Fund Type:
$ 1,713,781 Donor Advised
765,143 Field of Interest
$ 3,752,114 Total Grants
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.
|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|
|LIABILITIES AND NET ASSETS|
|Accounts Payable & Accrued Liabilities||$ 51,620||$ 1,090|
|Total Liabilities and Net Assets||
|TOTAL CONTRIBUTIONS RECEIVED||$ 3,233,113||$ 1,639,733|
|TOTAL GRANTS AWARDED||$ 3,752,114||$ 2,807,024|