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 awards over $50,000 in grants

Community awards over $50,000 in grants RUSSELL, Kan.— The Russell County Area Community Foundation (RCACF) is pleased to award $52,734 in grants to organizations that benefit the Russell County area, including support for education, public health and the arts. Funding comes from the Helen Hampl Student Aid Fund, USD 407 Appleseed Fund, Kansas Health Foundation Russell Health Fund and the Dane G. Hansen Foundation.  Developmental Services of Northwest Kansas, Mobile Vital Signs Equipment, $2,991 Lucas Arts and Humanities Council, Still Life on Lucas Main Street, $2,000 Luray American Legion Post 309, Roof Overlay, $15,000 Russell[...]

Russell County Area Community Foundation scholarships available

RUSSELL, Kan.— The Russell County Area Community Foundation is now accepting scholarship applications for the 2021-2022 school year. This year, over $378,000 is available to students in the Russell County area through the foundation’s 12 scholarship funds: Adolph Boehler Student Aid Scholarship, for graduating Russell High School seniors. David Ochs Memorial Scholarship, for graduating Russell High School seniors. Doran and Bina Dole Scholarship, for graduating Russell High School seniors with a disability or financial need. Elaine Hilger Scholarship, for graduating high school seniors or graduates of Russell High School with an interest in music or a career in the medical field. Ervin and Denzell Zimmerman[...]