FINANCIAL SUMMARY

AS OF DECEMBER 31, 2013, THE REACH FOUNDATION'S ASSETS TOTALED $135.6 MILLION, REFLECTING AN ANNUAL INVESTMENT RETURN OF 13.9 PERCENT.

GRANTS & EXPENSES

Since the first year of grant making in 2005, REACH has awarded $39.2 million in grants. More than 78 percent of the Foundation’s total expenses since formation have been invested directly in the community via grants and funded initiatives. Another 10 percent reflects investment in the Foundation’s mission via staff time and related operating expenses. These individuals are responsible for developing and managing the Foundation’s programmatic strategies. The Expenses chart presented shows direct and indirect mission-related investment for 2013 in relation to other administrative spending.

INVESTMENTS

The REACH Foundation experienced a higher investment return of the Foundation’s portfolio in 2013 than in 2012, at 13.9 percent in 2013 compared with 11.6 percent for the prior year. The Foundation committed $4.3 million in 2013 to grant awards and initiatives, an increase from 2012. The stronger economy and a more positive investment climate helped grow the Foundation’s assets to $135.6 million as of year-end, from $124.9 million at the same point in the previous year. This investment balance was well ahead of the endowed amount of $116.3 million – a positive benchmark given the Foundation’s perpetual mandate.

As REACH enters its next decade of operations, the Foundation continues an investment approach that maintains a broadly diversified portfolio with allocation to a variety of asset classes, designed to manage risk, with an aim of achieving strong net returns comparable to other institutions with similar asset allocations.

CUMULATIVE GRANTS AWARDED

TOTAL AWARDED: $39.2 MILLION SINCE 2005

2013 EXPENSES

ANNUAL INVESTMENT RETURNS

INVESTMENTS

FOR THE YEARS 2009-2013

FINANCIAL POSITION

DECEMBER 31, 2013 and 2012
ASSETS
CASH
RECEIVABLES AND OTHER ASSETS
INVESTMENTS
FIXED ASSETS, NET

TOTAL ASSETS
2013
71,274
40,645
135,594,482
          89,830

135,796,231
2012
39,747
40,284
124,947,440
         132,194

125,159,665
LIABILITIES & NET ASSETS
Accounts payable and accrued expenses
Grants payable

TOTAL LIABILITIES


TOTAL NET ASSETS

TOTAL LIABILITIES & NET ASSETS

158,671
    1,418,844

$1,577,515



   134,218,716

135,796,231

184,125
    1,707,838

$1,891,963


    123,267,702

125,159,665

GRANTS AND OPERATING EXPENSES

FOR THE YEARS 2009-2013

ACTIVITIES AND CHANGES IN NET ASSETS

YEARS ENDED DECEMBER 31, 2013 AND 2012
Revenues, Gains & Other Support
Contributions
Investment Income (Loss), Net

TOTAL revenues, gains & other support
2013
215,600
          16,890,611

17,106,211
2012
255,000
         13,416,512

13,671,512
Expenses
Grants and program expenses
Operating Expenses

TOTAL Grants & operating Expenses

5,487,419
          667,778

6,155,197

5,028,069
         593,684

5,621,753
Changes in NET ASSETS:

Net Assets, Beginning of Year

Net Assets, End of Year

10,951,014

    123,267,702

$134,218,716
8,049,759

    115,217,943

$123,267,702
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 web site upon completion.

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