Annual Reports

The REACH Foundation is committed to providing clear and timely information on our grantmaking efforts. Recent annual reports are available through the links provided.

Financials

At the end of 2023, REACH’s assets totaled $141 million, with an annual investment return of +10.0% for the foundation’s portfolio.  The investment performance gains in 2023 helped offset some of the losses experienced in 2022.  Since REACH’s inception, the investment return for the foundation was +5.9% through December 31, 2023.

During 2023, REACH continued its commitment to the community by using a portion of its portfolio cash allocation to make two cash investments within the foundation’s service area. These local cash investments are intended to support community lending capabilities in high-need areas. Both investments were negotiated at below-market rates to maximize local lending capability.

Since the first year of grantmaking in 2005, REACH has invested $86 million in direct grants, technical assistance, and convening to advance the foundation’s mission within the six-county service area.  Beyond these direct investments, REACH has allocated an additional $17 million in indirect investments via personnel and miscellaneous support.  Relative to total spending, mission-related investments represented 88% of foundation spending since 2005, with direct spending accounting for 73% of this combined investment and indirect spending making up the remaining 15%. 

In line with the foundation’s board-approved strategic plan covering 2022 through 2026, REACH has directly invested nearly $9 million in just the first two years of this period.  These investments were in three defined outcome investment areas identified during the strategic planning process to achieve equitable health outcomes in our service area.  Nearly half of this amount was targeted to strengthen our area’s safety net system and expand capacity to provide quality healthcare. The remainder of 2022 and 2023 mission-related spending was evenly split between advancing programs and partnerships to advance health equity and increase access to Medicaid and other publicly funded health services.

Total Grants Awarded

$83.5

million since 2005


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