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

Coalition Created to Promote and Protect Native Limestone

LUCAS, KS (JULY 1, 2019) — It was formed around 100 million years ago during the Late Cretaceous era and has been used in fencing, architecture, grave markers, art, and just about anything you can imagine in central Kansas. Now a group of people passionate about native Kansas limestone has joined together to create a coalition promoting the area. The Kansas Post Rock Limestone Coalition was recently organized with a mission of “promoting, preserving, and protecting the history, art, and architecture of the Kansas Post Rock Limestone region through education and tourism.” The group is comprised of businesses, economic development organizations, chambers[...]

RCACF announces scholarship recipients

This year the Russell County Area Community Foundation (RCACF) is pleased to announce  $253,685 in scholarships awarded through the Foundation to area students. Every year, the need for scholarships is greater than the available resources. As tuition continues to rise, support of scholarships becomes even more important. RCACF is pleased to manage 12 scholarship funds.  These scholarships were established by donors who believe in the youth of our area and want to support their pursuit of higher education. 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. The recipients of $425 scholarships are[...]