Financial
Summary

Financial
Summary

2020 Investment Summary

The REACH Foundation’s assets totaled $142 million at year end 2020, with an annual investment return of +10.0% for the foundation’s portfolio.

Investment performance was particularly strong toward the end of 2020, compensating for the portfolio losses experienced early in the year. Since inception, the investment return for the foundation was +6.2% through December 31, 2020.

Over the last five years, REACH has committed to the foundation’s outcome areas as the key strategic priorities. During this period, REACH invested nearly $24 million in our six-county service area, with $14 million of the total supporting the region’s health care safety net infrastructure. As one example, in recognition of the operational strain the COVID-19 pandemic placed on the foundation’s safety net partners, REACH issued $3.0 million (60% of its annual grantmaking budget) in unrestricted funding to health care and mental health partners to support operations during this unprecedented time.

REACH also was invited to assist Johnson County, KS, government with distribution of federal CARES Act funds to 501(c)3 nonprofit or governmental organizations providing behavioral health services. REACH was able to pivot to deploy our financial and administrative resources to respond to these pandemic-related needs.

141
grants awarded in 2020 to organizations that work within our three outcome areas
$5.0
million invested in grants and programs

Grants & Expenses

In 2020, 72 percent of the foundation’s total expenses were invested directly in the three outcome areas, grants and policy efforts. The remainder of expenditures reflect indirect investment in the mission through staff and related operating expenses.
2020 GRANTS LIST

Financial Statements

REACH’s balanced investment management approach enabled the foundation to maintain consistent support to the community in 2020.

financial position

Years Ended December 31, 2020 & 2019

activities & changes in net assets

Years Ended December 31, 2020 & 2019

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 website upon completion.