2017 YEAR END

FINANCIAL SUMMARY

Investment Summary

The REACH Foundation’s assets totaled $138.7 million at year-end 2017, with an investment return of 15.7 percent for the foundation’s portfolio in 2017, marking a noticeable improvement over the 2016 returns. The foundation strives to be a reliable source of funding for its nonprofit partners. Therefore, REACH committed $4.4 million in grant awards with an additional $300,000 in direct contribution toward strategic policy and program-related objectives in the 2017 fiscal year.

The foundation has long adhered to an investment approach that calls for a broadly diversified portfolio with allocation to a variety of asset classes that enable the organization to manage risk and be positioned to achieve strong net returns. Even with these 2017 community investments, the foundation’s total annual asset level increased by $12.9 million over the prior year’s investment results.

Grants & Expenses

In 2017, 72 percent of the foundation’s total expenses were invested directly in outcome areas, grants and policy efforts. Over the length of the foundation’s grant making history, more than 75 percent of total expenses represent investments made in the community through these funding categories. The remainder of expenditures reflect indirect investment in the mission via staff time and related operating expenses. The 2017 Expenses chart presented shows direct and indirect mission-related investment in relation to other general administrative spending.

2017 EXPENSES
GRANTS & OPERATING EXPENSES
PROGRAM EXPENSE BREAKDOWN
SINCE INCEPTION

REACH awarded 140 grants in 2017, with more than 80% of awards tied to our three outcome investment areas.

Financial Statements

REACH’s balanced investment management has enabled the foundation to maintain assets ahead of the endowed amount of $117.2 million.

FINANCIAL POSITION

Years Ended December 31, 2017 & 2016

ACTIVITIES & CHANGES IN NET ASSETS

Years Ended December 31, 2017 & 2016

The financial statements in this publication are unaudited. Our full audited financial statements and auditor’s opinion prepared by BKD, LLP, will be available on the foundation’s website upon completion.