Foundation Finance

The Foundation’s mission is to meet charitable community needs through leadership, grants and services. One way we achieve our mission is to facilitate prudent management and care of our funds.

The Foundation believes the  best long-term performance will be achieved through a balanced portfolio  consisting of 75% equities and 25% fixed income and cash.  As an affiliate of the Greater Salina  Community Foundation (GSCF), the funds at the Russell County Area Community Foundation  are pooled together with all the funds held by GSCF and their affiliates.  The funds are invested with Vanguard and  governed by a local Finance Committee at GSCF.

We are confident in our performance and rate well when compared to other investment pools. See our GSCF Investment Portfolio to see where we rank among other comparative indices.

Additional Resources

GSCF Statement of Investment Policy

2017 RCACF Annual Report
2016 RCACF Annual Report
2015 RCACF Annual Report
2014 RCACF Annual Report

2016 GSCF Annual Report
2013 Form 990

 

Recent News

RCACF awards an additional $25,000 SPARC grant

RUSSELL, Kan.—The Russell County Area Community Foundation is pleased to announce that the Lucas Arts and Humanities Council has accepted a $25,000 grant to support the creation of a gateway for Greenhorn Post Rock Limestone tourism in Kansas. The grant is a result of the foundation’s new Strategic Partnership for the Advancement of Russell County (SPARC) grant program, which aims to stimulate significant economic development, community collaboration, and long-term, measured impact in Russell County. The project will initially focus on the development of a 17-county coalition to promote tourism in Post Rock country, with Russell County as the hub, offering educational exhibits, limestone gifts, tours of regional limestone architecture, and stone[...]

RCACF awards $175,000 SPARC grant

RUSSELL, Kan.—The Russell County Area Community Foundation is pleased to announce that Russell Development Incorporated (RDI) will receive a $175,000 grant to purchase and develop 20 acres of commercial real estate along Interstate 70 in Russell. The grant will be funded through the foundation’s new Strategic Partnership for the Advancement of Russell County (SPARC) grant program. Throughout the multi-tiered application process, the grant selection committee felt RDI’s I-70 proposal fully encompassed the SPARC mission to stimulate significant economic development, community collaboration, and long-term, measured impact in Russell County. SPARC, which launched last summer, is the community foundation’s largest single grant since opening in 2001. “The[...]