As stewards of the resources invested by our partners, we are committed to financial stability and positive community impact.
All over West Michigan, 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.
raised, including gifts from 247 new donor partners
of those new gifts went to Donor Advised funds
new funds established
donor partners joined our Metz Legacy Society
Donor Advised Funds
of DAFs recommended grants to nonprofit partners
grants were awarded from DAFs
Grand Rapids Community Foundation allocates resources, implements initiatives and invites partnerships that seek to advance racial, social and economic justice in West Michigan. 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
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.
in new contributions to unrestricted funds by donor partners
grant awards to nonprofit organizations awarded by the Fund for Community Good Advisory Committee
scholarship recipients
recipients renewed their scholarship through our fast-track application
scholarship recipients received scholarships through Challenge Scholars
Challenge Scholars are attending Central Michigan University, Eastern Michigan University, 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.
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.
| Cash and Cash Equivalents | $22,494,326 |
| Investments | $521,513,609 |
| Receivables: | |
| Split-Interest Agreements Receivable | $6,115,155 |
| Gifts and Pledges Receivable | $3,706,331 |
| Notes Receivable | $1,596,571 |
| Other Assets: | |
| Beneficial Interest in Perpetual Trusts | $2,743,252 |
| Prepaid Expenses | $10,768 |
| Reinsurance Contracts | $611,160 |
| Cash Surrender Value Life Insurance | $1,090,122 |
| Property and Equipment - Net | $2,880,140 |
| Total Assets | $562,761,434 |
| Liabilities | |
| Accounts Payable and Other Liabilities | $156,580 |
| Grants and Scholarships Payable | $4,674,482 |
| Charitable Gift Annuities Payable | $938,331 |
| Funds Held on Behalf of Nonprofit Endowments | $39,530,054 |
| Total Liabilities | $45,299,447 |
| Net Assets | |
| Without Donor Restrictions: | |
| Undesignated | $56,776,873 |
| Board Designated | $428,223,737 |
| With Donor Restrictions | $32,461,377 |
| Total Net Assets | $517,461,987 |
| Total Liabilities and Net Assets | $562,761,434 |
| Investment Income - Net of Investment Expenses | $2,514,862 |
| Realized Gains on Sale of Investments | $19,337,383 |
| Change in Fair Value of Investments | $60,442,421 |
| Bequests and Gifts | $20,286,773 |
| Change in Fair Value of Charitable Gift Annuities and Reinsurance Contracts | ($66,637) |
| Change in Fair Value of Split-Interest Agreements | $862,969 |
| Adjustment for Net Revenue, Losses, and Other Support Associated with Nonprofit Activity | ($14,352,232) |
| Total Revenue, Gains, and Other Support | $89,025,539 |
| Program Services: | |
| Grants and Scholarships Authorized | $20,897,285 |
| Charitable and Philanthropic | $1,463,563 |
| Community Initiatives and Program Expenses | $153,012 |
| Support Services: | |
| Management and General | $2,001,701 |
| Development and Marketing | $1,377,428 |
| Fund Management | $270,849 |
| Less Grants Related to Nonprofit Activity | ($848,242) |
| Total Expenses | $25,315,596 |
| Increase in Net Assets - Before Net Assets Released from Restrictions | $63,709,943 |
| Net Assets Released from Restrictions | - |
| Increase in Net Assets | $63,709,943 |
| Net Assets - Beginning of Year | $453,752,044 |
| Net Assets - End of Year | $517,461,987 |
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.
