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 Match Month Campaign

I Love Russell County, Community Foundation Match Month Campaign The Russell County Area Community Foundation (RCACF) exists to preserve our rural way of life. In February, we have the bold goal to raise $50,000 as part of the I Love Russell County Campaign to strengthen the Fund for a Better Russell County Area, a permanent endowment that awards grants for parks, recreation, schools, the arts, public health, economic development and more. Here are some ways grants from the Fund for a Better Russell County Area help our local communities:    Promote Post Rock Country as a major tourism destination through the work of the newly formed Post Rock Coalition in[...]

Community foundation now accepting spring grant applications

Community foundation now accepting spring grant applications RUSSELL, Kan.—The Russell County Area Community Foundation is now accepting applications for spring grants. Online applications are due Sunday, March 15, 2020. Last spring, the City of Luray was awarded grant funding from the community foundation for the City Park Revitalization project. The award went specifically to the large play equipment that replaced the equipment that was previously torn out. This project not only provided the children with a safer place to play, but also brought many people together for the betterment of the community. All the work to make this park successful was done after hours, many nights by spotlights. Grantee Tammy Cline saw the[...]