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In 2007, The Greater Cedar Rapids Community Foundation made grants to 246 nonprofit organizations and funded 86 scholarships, providing nearly $4 million in support grants.
The 2007 year end and audited total assets of The Greater Cedar Rapids Community Foundation were approximately $101 million.
Since becoming a public foundation in 1992, The Greater Cedar Rapids Community Foundation has distributed more than $32 million in grants.
For the fiscal year ending 12/31/07, the GCRCF endowment pool investment return was 8.3%.
For the fiscal year ending 12/31/07, the GCRCF endowment pool investment three-year return was 12%, and the five-year return was 17.7%. The return since inception (1/94) was 10.2%. These results ranked near the top of all community foundations reporting nationally to the Council on Foundations.
Through the County Endowment Fund program, non-gambling counties throughout Iowa including Linn County, received nearly $70,000 for charitable purposes, distributed through qualified Community Foundations like the Greater Cedar Rapids Community Foundation.
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