Finances and Investments

As a public charity, we employ long-term investment, spending and operating strategies to ensure that dollars entrusted to us by generous Rhode Islanders last forever and have the greatest possible impact on the community. 

Investment policies

We have a diversified asset allocation and set high performance standards for our investment managers. During the past decade, the Foundation has increased the proportion of alternative investments while decreasing its fixed income allocation.

Investment Allocations Pie Chart

Total fund return

(as of 3/31/17)

1 Year:  13.2%

5 Year:   7.4%

10 Year: 5.2%

20 Year: 7.9%

Spending policy

The board of directors annually reviews the Foundation's spending policy to ensure that our endowment continues to grow even as we continue to meet the needs of the people of Rhode Island. The Foundation's spending policy of between 5.0 and 6.53 percent (including our support fee) calculated over a 16-quarter trailing average, which is comparable with that of New England's largest community foundations, allows us to provide a predictable stream of grants to organizations that serve our community, while maintaining a prudent rate of endowment growth.

Learn more about our investment policies.

Maximizing impact in the community

We are committed to carefully managing our operating expenses with the goal of maximizing our investments in Rhode Island. Our operating expenses average approximately 1% of our total assets, which is well within the industry standards for community foundations. 

Recent financial documents 

Thanks to the generosity of our donors and the diligence of our investment committee and staff, the Foundation distributed a record $45 million in grants to nonprofits throughout the state in 2016.

Address

LocationOne Union Station
Providence, RI 02903
Directions

Contact

(401) 274-4564
info@rifoundation.org

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