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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in new gifts from generous donor partners
of those new gifts went to Donor Advised funds
donor partners joined our Metz Legacy Society by including the Community Foundation in their will or estate plans or by creating a life income gift
new funds established, each with its own purpose and meaning
Donor Advised funds are hosted at the Community Foundation
of DAFs recommended grants to nonprofit partners aligned with their passions
grants were awarded from DAFs, representing $4.95M awarded to nonprofits
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.
awarded in grants and scholarships
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Our grantmaking strategy prioritizes organizations that lead with equity and/or are led by people of color. We define an organization as led by people of color when people of color are the majority in three or more of the following categories: founder(s), executive director, leadership team, board of directors, volunteers and staff.
unrestricted resources raised from 436 donor partners
of the $4.8 million in grants awarded through the Fund for Community Good Advisory Committee supported the work of organizations led by people of color
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scholarship recipients
of the scholarship recipients received general scholarship awards
of the scholarship recipients received Challenge Scholars scholarship funds during 2023-2024
awarded in scholarships to students
of all scholarship recipients are first-generation students
of all scholarship recipients are students of color
Challenge Scholars from the classes of 2020 through 2024 attended Grand Valley State University, Ferris State University, Michigan State University, Western Michigan University, Northern Michigan University, University of Michigan Ann Arbor, University of Michigan Dearborn, and Grand Rapids Community College.
seniors were eligible for four-year scholarships
students benefited from holistic support made available through Challenge Scholars
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.
As of June 30, 2024
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As of June 30, 2024
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As of June 30, 2024
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By business classification*
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*Some businesses meet multiple classifications. Information is self-reported.
| Cash and Investments, at market value | $430,558,844 |
| Beneficial Interests in Perpetual Trusts | $2,324,568 |
| Split-Interest Agreements Receivable | $4,819,501 |
| Gifts and Pledges Receivable | $3,451,714 |
| Notes Receivable | $2,337,397 |
| Property, Furniture and Equipment, Net of Accumulated Depreciation | $2,913,641 |
| Other Receivables & prepaids | $5,187 |
| Reinsurance Contracts | $940,271 |
| Cash Surrender Value of Life Insurance | $980,584 |
| Total Assets | $448,331,707 |
| Accounts Payable | $119,769 |
| Grants and Scholarships Payable | $4,567,306 |
| Charitable Gift Annuities Payable | $1,422,835 |
| Funds Held on Behalf of Nonprofit Endowments | $23,528,304 |
| Total Liabilities | $29,638,214 |
| Total Net Assets | $418,693,493 |
| Contributions | $16,142,347 |
| Investment Income/net of fees | $49,355,091 |
| Change in Fair Value of Charitable Gift Annuities & Split-Interest Agreements | $496,299 |
| Less: Amounts Allocable to Nonprofits | ($2,795,697) |
| Total Revenues and Gains | $63,198,040 |
| Grants and Scholarships Authorized | $16,078,689 |
| Community Initiatives and Fund Program Expenses | $187,459 |
| Charitable and Philanthropic Expenses | $1,542,490 |
| Other Operating Expenses | $3,806,496 |
| Less: Amounts Allocable to Nonprofits | ($850,776) |
| Total Grants and Expenses | $20,764,358 |
| Change in Net Assets | $42,433,682 |
| Net Assets, Beginning of Year | $376,259,811 |
| Net Assets, End of Year | $418,693,493 |
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.
