See our 2010 Annual Report to the Community for Additional Information
In 2010, the Greater Cedar Rapids Community Foundation awarded grants to 228 nonprofit organizations and funded 43 scholarships, providing $6.3 million in support grants supporting arts and culture, community development and the environment, education and health and human services in Linn County.
As of Dec. 31, 2010, the total assets of the Greater Cedar Rapids Community Foundation were $111 million.
Since becoming a public foundation in 1992, the Greater Cedar Rapids Community Foundation has distributed more than $60 million in grants.
As of Dec.31, 2010, the GCRCF endowment pool investment return was 11.3%. The five-year return for the endowement pool was 3.4%. The return since inception (1/94) is 7.8%.
In 2010, there were 29 new funds established by individuals, families, businesses and nonprofits. The Community Foundation has nearly 500 funds.
Through the County Endowment Fund program, each non-gambling county throughout Iowa, including Linn County, received nearly $368,000 for charitable purposes, distributed through qualified Community Foundations like the Greater Cedar Rapids Community Foundation. 25% of the funds help build the Linn County Endowment Fund, and 75% pass through in grants for projects in rural Linn County.
The William Quarton Society, honoring those who have established an endowed fund or will make a planned gift, grew to nearly 300 members in 2010.
In response to the devastating flood that occurred in Cedar Rapids and surrounding areas on June 13, the Community Foundation established the Flood 2008 Fund as a way to collect and distribute donations to local nonprofits. In 2010, the Community Foundation awarded 23 nonprofits approximately more than $1 million.
A sincere thanks goes to outgoing board members, Rich Altorfer, Lorna Barnes, J. Scott Bogguss, Swati Dandekar and Gerald Matchett, who terms ended in 2010.
