REVIEW OUR FINANCIALS
The Richard M. Fairbanks Foundation is committed to transparency. On this page you can download and review financial reports, as well as a 10-year history of grants we have awarded and paid by total dollar amount.
Additional public record documents, such as our Form 990, may be accessed at GuideStar, a resource on non-profit organizations. You may also contact us directly for more information.
VIEW OUR FINANCIAL REPORTS
Statement of Activities (Unaudited) Years Ended December 31, 2021 and 2020
| 2021 | 2020 | |
|---|---|---|
| Investment Income (Loss) and Expenses | ||
| Investment Income | 1,069,812 | 4,459,511 |
| Realized Gains On Investments | 3,878,286 | 9,323,225 |
| Unrealized Gains (Losses) on Investments | 69,635,476 | 28,120,889 |
| Total Investment Income (Loss) | 74,583,574 | 41,903,625 |
| Expenses | ||
| Investment Expenses | 1,064,388 | 5,729,795 |
| Operating Expenses | 3,770,551 | 3,494,313 |
| Grantmaking Expenses | 11,534,851 | 12,248,895 |
| Total Expenses | 16,369,790 | 21,473,003 |
| Contributions | – | – |
| Change In Net Assets | 58,213,784 | 20,430,622 |
| Net Assets at the Beginning of the Year | 343,052,566 | 322,621,944 |
| Ending Net Assets | 401,266,350 | 343,052,566 |
Statement of Financial Position (Unaudited) Years Ended December 31, 2021 and 2020
| Assets | 2021 | 2020 |
|---|---|---|
| Cash | 126,364 | 100,429 |
| Accounts Receivable | – | – |
| Distribution Receivable | – | 5,665,654 |
| Investments | 401,005,781 | 337,080,230 |
| Deposits | 10,675 | 10,675 |
| Net Property Plant and Equipment | 123,530 | 195,578 |
| Total Assets | 401,266,350 | 343,052,566 |
| Liabilities and Net Assets | ||
|---|---|---|
| Accounts Payable & Accrued Liabilities | – | – |
| Net Assets – Unrestricted | 401,266,350 | 343,052,566 |
| Total Liabilities & Net Assets | 401,266,350 | 343,052,566 |