Data and Financials

2022 - 2023


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 how to support the causes you care about at

Gifts from Donor Partners
8 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.
24​ new funds established, each with its own purpose and meaning.

No Data Found

in new gifts from generous donor partners.
of those new gifts went to Donor Advised funds.
Donor Advised Funds in Action

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 $6.5M awarded to nonprofits.

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

Grants and Scholarships
awarded in grants and scholarships.

No Data Found

Grants Authorized by Priority Area

No Data Found

Scholarship Awards

scholarship recipients


of the scholarship recipients received general scholarship awards


of the scholarship recipients received Challenge Scholar awarded scholarship funds during 2022-2023


awarded in scholarships to Kent County students.


of all scholarship recipients are first-generation students.


of all scholarship recipients are students of color.

Challenge Scholars - Class of 2023

Challenge Scholars from the Class of 2023 are attending Grand Rapids Community College, Grand Valley State University, Ferris State University, Michigan State University and Western Michigan University.


seniors were eligible for four-year scholarships.


students benefited from holistic support made available through Challenge Scholars.

“I'm very fortunate to be helped by Challenge Scholars to pay for my tuition and housing and for that I don't take this opportunity for granted. Without Challenge Scholars I don't know if I would've went to college. I'm very thankful for Challenge Scholars to support my college journey.”

— Luis G. (2020 Challenge Scholar)

Unrestricted and Field of Interest Resources
Our grantmaking strategy prioritizes organizations that lead with equity and/or are led by people of color. We define led by people of color as: People of color are a majority in three or more of the following categories: founder(s), executive director, leadership team, board of directors, volunteers and staff.

in unrestricted resources raised from gifts of 496 donor partners to support organizations who share our commitment to becoming actively antiracist.


of the $4.2 million in grants awarded through the Fund for Community Good Advisory Committee supported the work of organizations led by people of color.

2022 - 2023


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 that will arise in our next century of service and impact. 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, 2023

No Data Found

Asset Allocation – Balanced Plus Pool

As of June 30, 2023

No Data Found

Percentage of Investment Portfolio Managed by Minority/Women-Owned Business Enterprise Certified Managers

As of June 30, 2023

No Data Found

Vendor Spending – 3-Year Comparison

By business classification*

No Data Found

*Some businesses meet multiple classifications. Information is self-reported.

Statement of Financial Position as of June 30, 2023
Cash and Investments, at market value$387,183,320
Beneficial Interests in Perpetual Trusts$2,134,745
Split-Interest Agreements Receivable$4,225,829
Gifts and Pledges Receivable$4,777,369
Notes Receivable$2,928,313
Property, Furniture and Equipment, Net of Accumulated Depreciation$3,029,632
Other Receivables & prepaids$67,442
Reinsurance Contracts$987,865
Cash Surrender Value of Life Insurance$942,051
Total Assets$406,276,566
Liabilities and Net Assets
Accounts Payable$2,254,975
Grants and Scholarships Payable$4,712,397
Charitable Gift Annuities Payable$1,466,000
Funds Held on Behalf of Nonprofit Endowments$21,583,383
Total Liabilities$30,016,755
Total Net Assets$376,259,811
Statement of Activities Year Ended June 30, 2023
Revenue and Gains/(Losses)
Investment Income/net of fees$33,057,824
Change in Fair Value of Charitable Gift Annuities & Split-Interest Agreements$462,650
Less: Amounts Allocable to Nonprofits($2,102,129)
Total Revenues and Gains/(Losses)$38,458,962
Grants and Expenses
Grants and Scholarships Authorized$17,013,523
Community Initiatives and Fund Program Expenses$212,721
Charitable and Philanthropic Expenses$1,857,630
Other Operating Expenses$3,682,360
Less: Amounts Allocable to Nonprofits($809,440)
Total Grants and Expenses$21,956,794
Net Assets
Change in Net Assets$16,502,168
Net Assets, Beginning of Year$359,757,643
Net Assets, End of Year$376,259,811

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