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Financial
Summary

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Investment
Summary

The REACH Foundation’s assets totaled $125 million at year-end 2018, with an investment return of -6.10 percent for the foundation’s portfolio in 2018. Although investment performance was not as strong as experienced in 2016 and 2017, the lower return was not unexpected.

The REACH Board of Directors continues to place priorities on being a reliable source of funding for its nonprofit partners and ensuring adequate resources to achieve the priorities as set out in the foundation’s strategic plan. Even with the decline in 2018 investment returns, the foundation was able to maintain consistent support to the community, with $4.4 million awarded in grants in 2018 – a level consistent with the prior two years. Of the $4.4 million in grants awarded last year, 90 percent were grants tied to the strategic plan’s three outcome areas.

75

separate grants were awarded in 2018 to organizations that work within one of our three outcome areas

$4.4

million dollars were invested in 2018 to fund organizations that work within one of our three outcome areas

Grants &
Expenses

In 2018, 74 percent of total expenditures were made in support of the outcome areas, grants and policy efforts. An additional 15 percent of expenses represent investments in the foundation’s mission via staff time and related operating costs.

The 2018 Expenses chart presented shows the direct and indirect mission-related expenses in relation to other general administrative spending.

2018 expenses

REACH Healthcare Foundation 2018 Expenses

grants & operating expenses

REACH Healthcare Foundation 2018 Grants & Operating Expenses

program expense breakdown

REACH Healthcare Foundation 2018 Program Expense Breakdown

since inception

1,451

GRANTS AWARDED

$61.2

MILLION GRANTED

Of the $4.4 million in grants awarded last year, 90 percent was tied to the foundation’s three outcome investment areas.
2018 GRANTS LIST

Financial
Statements

REACH’s balanced investment management approach enabled the foundation to maintain consistent support to the community in 2018.

financial position

Years Ended December 31, 2018 & 2017

REACH Healthcare Foundation 2018 Financial Position

activities & changes in net assets

Years Ended December 31, 2018 & 2017

REACH Healthcare Foundation Activities and Changes in Net Assets

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.