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

Apply Now for Russell Area Youth Activities Fund

  Students heading back to school are reminded that the Russell Area Youth Activities Fund is available to support extracurricular activities, such as scouting, sports, music and the arts. The fund helps kids, particularly pre-teens, who would otherwise be unable financially to participate. To apply, click here. You must apply at least two weeks prior the activity. Grants are limited to $200 per applicant or $400 per household, per year. Applications are reviewed on a case-by-case basis by a local grants committee. For more information, contact Angie Muller, RCACF Executive Director, at 785-445-3611 or email rcacf@eaglecom.net. [...]

Apply now for fall grants!

The Russell County Area Community Foundation is now accepting applications for fall grants. Online applications are due Monday, October 15, 2018. Over $60,000 is available through the following: 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. Helen A. Hampl Student Aid Fund - provides aid to Russell County students in preschool and grade school. Grant applications should be submitted by teachers. Russell Schools Apple Seed Fund - supports projects that enhance the education of Russell public school students. [...]