Our 2023 Annual Report

 

 
 

We're excited to share our 2023 Annual Report and hope that you find it to be a useful reflection on a year of transition, future planning, and impressive growth and impact.

 

As you’ll see throughout its pages, the team at the Foundation ably balanced effective grantmaking, inspiring philanthropy, and listening and learning from the Rhode Islanders we serve during a transformative time.

 

Last year, thanks to the generosity of our donors, we were pleased to award a record $89 million in grants to approximately 2,500 nonprofit organizations; two-thirds of which were donor-directed, and one-third of which was directed through the Foundation’s community investments programs. On page 8, you will find an illustration of how those grant dollars were allocated by subject matter to meet need throughout the state, and you will see just how much alignment there is between the grants that our team is responsible for and those that our donors direct. Together, we are making an incredible impact.

 

Our team continues to focus on careful endowment stewardship, and we have weathered market fluctuations quite well. At the end of 2023, total assets stood at approximately $1.4 billion, and our total fund investment return for the year was 14.2 percent. In addition, we raised $46 million in gifts.

 

As we continue to assess the Foundation’s fundraising, grantmaking, and programmatic efforts, we have also focused on gathering input from the community to inform our future focus. We have gathered perspective through a series of research efforts, by crisscrossing the state to visit grantees and donors, hosting sector-specific convenings and open community conversations.

 

Later this year, we will share more about all we’ve learned and about how we plan to intentionally put that into practice in our grantmaking, beyond-grantmaking, and development efforts to catalyze generosity and action across our state.

 

We are deeply grateful to the generous Rhode Islanders who partner with us to turn their philanthropy into a powerful force for good, and to the dedicated nonprofits who serve our community.

 

We invite you to access the full 2023 Rhode Island Foundation Annual Report, including our financial performance, activities, the inspiring stories of some of our many incredible donors, and more. Click here to launch or download.

 

All the best,

David & Al

 

David N. Cicilline, President and CEO

 

G. Alan Kurose, MD, MBA, FACP, Chairman of the Board

 
 
 

Interested in serving on a non-profit board?

 

 

We are seeking passionate Rhode Islanders who are looking for ways to serve our community and make a lasting difference by helping shape the state's critical nonprofit sector through board service.

 

Join us for Board Bootcamp on Saturday, June 8, 2024, for a full-day learning opportunity designed to equip participants with the awareness, skills, and capabilities to serve on a nonprofit board. Agenda topics include an introduction to the nonprofit sector, governance and financials, as well as case studies and a panel conversation with current board members. Board Bootcamp is offered free of charge, and a light breakfast, lunch and refreshments will be provided.

 

Our target audience for this program is anyone under age 35, or who identifies as a person of color, or as a person with moderate income, and has never served on a nonprofit board before. If you are interested in attending, you can learn more and apply here by May 27.

 

Please contact Jill Pfitzenmayer, Vice President of Capacity Building, at This email address is being protected from spambots. You need JavaScript enabled to view it. if you have any questions or need further information.

 

 

Upcoming Deadlines

 

·     May 20: June Rockwell Levy Foundation Health or Housing Grants

·     May 27: Board Bootcamp

·     May 27: Providence Fire Fighters Local 799 Scholarship Fund

·     June 7: Grants from the Program for Animal Welfare

·     June 18: 1829 Legacy Fund Grants

·     Ongoing: Basic Human Needs Grants

·     Ongoing: Responsive Grants

·     Ongoing: Strategic Initiative Grants

 
 

 

One of life's greatest achievements is the ability to leave a lasting legacy.



We can help.



Former President Donald Trump is in Washington, D.C. huddling with Republican lawmakers. Trump told reporters today Republicans are unified and he expects to take back the White House in November. He said he plans to "bring common sense back to the government" and secure the southern border if he wins the election.        The Supreme Court is keeping widely used abortion pill mifepristone [[ mif-ah-pris-tone ]] available to Americans. The high court unanimously ruled that a group of anti-abortion doctors who challenged the FDA's actions to make mifepristone [[ mif-ah-pris-tone ]] more accessible did not have legal standing to sue and threw out the case. The ruling will allow the pill to be mailed to patients without an in-person doctor's visit.       Wisconsin Republicans are coming to the defense of Donald Trump after the former President allegedly criticized Milwaukee during a meeting with Congressional Republicans. Punchbowl News reported that Trump called Milwaukee a "horrible city." Wisconsin Congressman Derrick Van Orden said Trump was specifically referring to the crime rate in Milwaukee, while Representative Bryan Steil said Trump didn't say the comment at all. This comes as Milwaukee is set to host the Republican National Convention next month.       There are growing fears in the U.S. that the Israeli-Hamas war is widening. This as attacks between Israel and the Lebanon-based terrorist group Hezbollah are increasing. The Iran-backed group has been shelling Israel's northern border in retaliation for Israel's assassination of a senior Hezbollah commander. Israel has since sent fighter jets to hit "Hezbollah military structures."       A U.S. Navy submarine is now in Cuba a day after two Russian war ships arrived at the Havana Port. The U.S. Southern Command confirmed the USS Helena arrived at Guantanamo Bay Thursday. It said it's part of a routing port visit and the vessel's location and transit were previously planned. The arrival of a Russian frigate and submarine at the Havana Port has been seen as a show of force by the longtime ally of Cuba, but both the U.S. and Cuba said it posed no threat.       The Eagles are next in line to play the Sphere in Las Vegas. The Rock and Roll Hall of Famers will play a total of eight shows over four weekends at the cutting edge venue this fall. The residency will kick off on September 20th and end on October 19th. U2 opened the venue last year and have been followed by residencies from Phish and Dead & Company.