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 ten-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, 2020 and 2019
| 2020 | 2019 | |
|---|---|---|
| Investment Income (Loss) and Expenses | ||
| Investment Income | 1,252,009 | 7,561,674 |
| Realized Gains On Investments | 1,359,445 | 13,348,972 |
| Unrealized Gains (Losses) on Investments | 11,916,052 | 29,198,193 |
| Total Investment Income (Loss) | 14,527,506 | 50,108,839 |
| Expenses | ||
| Investment Expenses | 746,247 | 5,822,303 |
| Operating Expenses | 3,492,313 | 3,313,160 |
| Grantmaking Expenses | 12,250,896 | 13,343,143 |
| Total Expenses | 16,489,456 | 22,478,606 |
| Contributions | – | – |
| Change In Net Assets | (1,961,950) | 27,630,233 |
| Net Assets at the Beginning of the Year | 322,621,944 | 294,991,711 |
| Ending Net Assets | 320,659,994 | 322,621,944 |
Statement of Financial Position (Unaudited) Years Ended December 31, 2020 and 2019
| Assets | 2020 | 2019 |
|---|---|---|
| Cash | 100,429 | 121,670 |
| Accounts Receivable | – | – |
| Distribution Receivable | 5,664,958 | 143,002 |
| Investments | 314,688,354 | 322,066,174 |
| Deposits | 10,675 | 21,351 |
| Net Property Plant and Equipment | 195,578 | 269,747 |
| Total Assets | 320,659,994 | 322,621,944 |
| Liabilities and Net Assets | ||
|---|---|---|
| Accounts Payable & Accrued Liabilities | – | – |
| Net Assets – Unrestricted | 320,659,994 | 322,621,944 |
| Total Liabilities & Net Assets | 320,659,994 | 322,621,944 |