2018 Annual Report

Building Futures: Improvising lives and our state's economy

We are grateful for the visionary philanthropists and community partners who have joined with us for more than a century to take on the state’s challenges and opportunities. As you’ll read in the following pages, our donors and grantees stepped up in new, impressive, and humbling ways in 2018.

For example, together with our donors the Foundation awarded a record $52 million in grants to more than 1,800 nonprofit organizations last year.

And, also thanks to our donors, we raised a record $114 million in funds from individual, family, organizational, and corporate philanthropists in 2018. Gifts ranged in size from $1 to several million, including nearly 1,500 gifts under $250. With that, our financial foundation remains solid and total Foundation assets were valued at $971 million.

In addition to grantmaking and fundraising, community leadership is central to our work. In 2018 we initiated two long-term planning efforts—one focused on pre-K through 12th grade public education in Rhode Island, and one focused on health.

We also raised a record $600,000 for the Civic Leadership Fund. This annual fund enables us to go beyond traditional grantmaking to meet emerging opportunities and challenges, and engage Rhode Islanders in civic and civil dialogue. For example, last March we launched Together RI, a series of 20 neighborly get-togethers that offered people a chance to talk face-to-face, over a free familystyle meal, about topics that are critical to our common future.

Partnering with nonprofit organizations to support their important work, providing leadership around key issues for our state, and the incredible generosity of our donors, all contributed to outstanding growth in 2018. We thank you for your partnership, as we continue to strive to meet the needs of all Rhode Islanders.

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