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

Community foundation now accepting grant applications

Community foundation now accepting grant applications RUSSELL, Kan.—The Russell County Area Community Foundation is now accepting applications for fall grants. Online applications are due October 15, 2020. Last fall, the community foundation awarded USD 407 a grant to bring Reality U to Russell High School. Reality U is a program that works with students to implement financial goals and help them understand money management, the different sources of income, and the relationship between income and career prep. This project is significant because students will soon be on their own with these responsibilities. This program reached 130 students; students learned what the real world was like in simulation. Grantee Rashelle Schlyer said, "This grant[...]

Community foundation awards scholarships

Community foundation awards scholarships RUSSELL, Kan.— The Russell County Area Community Foundation has awarded over $310,000 in scholarships to area students for the upcoming academic year. This includes three scholarships that are being renewed for recipients from previous years. The Sean Paul Banks Memorial Scholarship is for students graduating from Russell High School who are involved in sports their senior year and maintain high academic standards. Megan Peeler and Rhett Pospichal, both of Russell received a $425 scholarship. The Adolph Boehler Student Aid Fund is for students graduating from Russell High School. Ashlynn Hobbs, Russell, received a $1,000 scholarship. Kenneth Butler, Russell, and Hunter Reddig, Russell, both received a $500 scholarship. The Doran and Bina Dole Scholarship is for[...]