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 now accepting spring grant applications

The Russell County Area Community Foundation is now accepting applications for spring grants. Online applications are due Friday, March 15, 2019. Over $107,000 is available through the following funds: Dane G. Hansen Community Grant Fund - available for programs and projects that address education, health care, community social services and security, conservation and environment, arts and culture and community beautification.Kansas Health Foundation Children’s Fund – supports projects that improve the health and well-being of children living in the Russell County area. Grants are limited to the Russell County area and communities served by USD 399 and USD 407. Non-profit organizations including government and public entities, educational[...]

Russell County Area Community Foundation scholarships available

The Russell County Area Community Foundation is now accepting scholarship applications for the 2019-2020 school year. This year, over $253,000 is available to students in the Russell County area through the foundation’s 12 scholarship funds: Adolph Boehler Student Aid Scholarship, for graduating Russell High School seniors. David Ochs Memorial Scholarship, for graduating Russell High School seniors. Doran and Bina Dole Scholarship, for graduating Russell High School seniors with a disability or financial need. Elaine Hilger Scholarship, for graduating high school seniors or graduates of Russell High School with an interest in music or a career in the medical field. Ervin[...]