2024 - 2025 Annual Report
2024 - 2025
Annual Report

Data and Financials

As stewards of the resources invested by our partners, we are committed to financial stability and positive community impact.

2024 - 2025

Data

Donor Partnerships

All over Kent County, individuals, families, nonprofits, companies and communities are partnering with Grand Rapids Community Foundation to achieve their philanthropic goals. We are grateful for their trust and partnership. Through establishing funds, creating planned gifts and giving throughout their lifetimes, our donor partners are investing in today and looking to the future.

Learn more about how to support the causes you care about at GRFoundation.org/Giving.

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$13.41M

in new gifts from generous donor partners

$8.64M

of those new gifts went to Donor Advised funds

16

new funds established

5

donor partners joined our Metz Legacy Society

Donor Advised Funds in Action

230

Donor Advised Funds

65%

of DAFs recommended grants to nonprofit partners

1,221

grants were awarded from DAFs

Grant Partnerships

Grand Rapids Community Foundation allocates resources, implements initiatives and invites partnerships that seek to advance racial, social and economic justice in Kent County. Together with community partners, we strive to connect people, passion and resources to respond to community needs.

Learn more about our grant partnerships and how to apply for them at GRFoundation.org/Grants.

$24.18M

awarded in grants and scholarships

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Unrestricted & Field of Interest Resources

Our grantmaking strategy prioritizes organizations that lead with equity and/or are led by people of color. With our Fund for Community Good (unrestricted) and field of interest fund assets, we provide financial support across a broad spectrum including education, the environment, health, arts and social engagement, neighborhoods and economic prosperity.

$823.4K

new contributions to unrestricted funds by donor partners

14

grant awards to nonprofit organizations awarded by the Fund for Community Good Advisory Committee

Grants Authorized by Priority Area 
Scholarship Awards

497

scholarship recipients

295

of the scholarship recipients received general scholarship awards

80

of the scholarship recipients received scholarships through Challenge Scholars

Challenge Scholars

Challenge Scholars from the Class of 2025 are attending Ferris State University, Grand Rapids Community College, Grand Valley State University, Lansing Community College, Michigan State University, University of Michigan, Wayne State University and Western Michigan University.

64

seniors were eligible for four-year scholarships

247

students benefited from holistic support made available through Challenge Scholars

2024 - 2025

Financials

Grand Rapids Community Foundation’s permanent endowment enables us to respond to current community needs while managing our long-term financial stability to address the ever-changing needs of the future. We are grateful for the generosity of donor partners who contribute their financial resources. As stewards of these resources, we are committed to long-term, risk-managed returns and spending practices that align with our commitment to racial, social and economic justice.

Assets by Fund Type

As of June 30, 2025

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Asset Allocation - Balanced Plus Pool

As of June 30, 2025

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Statement of Financial Position

As of June 30, 2025

Assets
Cash and Investments, at market value$469,481,875
Beneficial Interests in Perpetual Trusts$2,473,787
Split-Interest Agreements Receivable$5,252,186
Gifts and Pledges Receivable$2,735,745
Notes Receivable$1,615,870
Property, Furniture and Equipment, Net of Accumulated Depreciation$2,815,442
Other Receivables & prepaids$5,547
Reinsurance Contracts$661,581
Cash Surrender Value of Life Insurance$1,033,204
Total Assets $486,075,237
Liabilities & Net Assets
Accounts Payable$189,431
Grants and Scholarships Payable$5,072,952
Charitable Gift Annuities Payable$1,034,746
Funds Held on Behalf of Nonprofit Endowments$26,026,064
Total Liabilities $32,323,193
Total Net Assets $453,752,044
Statement of Activities

(for Year Ended) June 30, 2025

Revenue & Gains/(Losses)
Contributions$13,408,153
Investment Income/Net of Fees$53,257,356
Change in Fair Value of Charitable Gift Annuities & Split-Interest Agreements$384,300
Less: Amounts Allocable to Nonprofits($3,213,189)
Total Revenues and Gains$63,836,620
Grants & Expenses
Grants and Scholarships Authorized$24,180,887
Community Initiatives and Fund Program Expenses$104,253
Charitable and Philanthropic Expenses$1,542,843
Other Operating Expenses$3,665,515
Less: Amounts Allocable to Nonprofits($715,429)
Total Grants and Expenses $28,778,069
Net Assets
Change in Net Assets$35,058,551
Net Assets, Beginning of Year$418,693,493
Net Assets, End of Year$453,752,044

Audited financials have been given an unmodified opinion by our auditors Plante & Moran PLLC. If you would like a copy of the full audit, please call Grand Rapids Community Foundation at (616) 454-1751 or visit our website, at GRFoundation.org/About.