The REACH Foundation’s spending policy is based on a three-year quarterly rolling average of asset value. This approach enables the foundation to minimize the budget impact of dramatic market fluctuations to provide a more consistent stream of resources that can be invested in the work of our grantees.
REACH’s assets totaled $135 million at year-end 2022, with an annual investment return of -13.5% for the foundation’s portfolio. The investment performance losses in 2022 were notable – but consistent with investment outcomes in the larger economy. Since REACH’s inception, the investment return for the foundation was +5.8% through December 31, 2022.
Since the first year of grantmaking in 2005, REACH has invested approximately $80 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 $16 million in indirect investments via personnel and miscellaneous support. Together, these direct and indirect mission-related investments represented nearly 90% of the foundation’s total spending since 2005.
Each year, REACH reports on expenses associated with grants and other mission-related expenses. Over the length of our grantmaking history, 75 percent of total expenses reflect direct investments made in the foundation's six-county service area. The remainder of annual expenditures are indirect investments in the foundation’s mission via staff time and related operating expenses. This information is available in our annual reports and audited financial statements.