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

Kansas Profile – Now That’s Rural: Angie Muller, Russell County Area Community Foundation

Written by Ron Wilson, director of the Huck Boyd National Institute for Rural Development at Kansas State University. https://blogs.k-state.edu/kansasprofile/2019/04/24/kansas-profile-now-thats-rural-angie-muller-russell-county-area-community-foundation/?fbclid=IwAR1OLYmotodxs3P9rJ2vnCz5vusUo2SpRH0w_c3j_k17F0wz6zFpBaojMkY#more-873 Audio and text files of Kansas Profiles are available at http://www.kansasprofile.com. For more information about the Huck Boyd Institute, interested persons can visit http://www.huckboydinstitute.org. [...]

RCACF awards $44,300 in grants to support Russell County Area

The Russell County Area Community Foundation is pleased to award $44,300 in grants to organizations that benefit the Russell County area, including support for education and the arts. Funding comes from the Kansas Health Foundation Children's Fund and the Dane G. Hansen Foundation.  Deines Cultural CenterGallery Space for Second-Floor Landing, $8,675 Lovegrass Music FestivalBluegrass Festival at Wilson Lake, $1,500 Post Rock Family Services & Lambda Epsilon Sorority Little Free Book Nook, $800Russell Arts Council Ad Astra Festival Billboard & Banner, $1,437 Ad Astra Festival High School Honor Choir, $1,500 Russell County Food Pantry Food Pantry Revitalization, $10,244   Russell Development Inc. Walking Trail Statue, $3,200Russell Pride[...]