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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 GRFoundation.org.
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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.
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.
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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 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.
— Luis G. (2020 Challenge Scholar)
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.
As of June 30, 2023
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As of June 30, 2023
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As of June 30, 2023
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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 | $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 |
| 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 |
| Contributions | $7,040,617 |
| 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 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 |
| 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 GRFoundation.org/About.
