The Rhode Island Foundation was organized at the Rhode Island Hospital Trust Co. in June 1916 by a small group of prominent Rhode Islanders. I have been involved in several events sponsored by the Rhode Island Foundation and I believe they do a great job for the state and the local communities.
This non profit is committed to strengthening Rhode Island through strategic initiatives in education, health, and economic security, as well as through impact investing, diversity, inclusion, and equity work.
The Fund for Rhode Island supports causes and organizations throughout Rhode Island that are deemed to be for the greatest good of the community. This unrestricted fund supports the Foundation's mission to meet the needs of the people of Rhode Island.
The Rhode Island Foundation works with generous Rhode Islanders who support not only Fund for Rhode Island, but also establish funds (unrestricted, field of interest, designated, scholarship, donor advised, corporate advised, organizational endowment, supporting organization) with funds established during donors' lifetimes or through planned giving.
The Foundation invests in the following four strategic initiatives, with goals for both short-term progress and long term impact:
-Educational Success: Improve educational outcomes for all public school students.
-Economic Security: Improve Rhode Island's environment for economic growth so all Rhode Islanders can prosper.
-Healthy Lives: Improve access to and quality of primary care for all Rhode Islanders.
-Inspiring Philanthropy: Increase philanthropy in Rhode Island.
In 2021, the donors thoughtfully trusted the Foundation with $98 million in new funds. The investment returns for the year were over 20%, and the endowment now stands at $1.4 billion.
Anyone interested in estate planning to benefit the Rhode Island Foundation can contact them directly through their website or by phone. read more