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, 2022 and 2021
| 2022 | 2021 | |
|---|---|---|
| Investment Income (Loss) and Expenses | ||
| Investment Income | 1,053,372 | 4,706,198 |
| Realized Gains On Investments | 3,848,899 | 45,982,533 |
| Unrealized Gains (Losses) on Investments | (23,573,250) | 44,679,078 |
| Total Investment Income (Loss) | (18,670,979) | 95,367,809 |
| Expenses | ||
| Investment Expenses | 901,249 | 5,691,380 |
| Operating Expenses | 4,128,967 | 3,781,744 |
| Grantmaking Expenses | 12,195,115 | 11,523,658 |
| Total Expenses | 17,225,331 | 20,996,782 |
| Contributions | – | – |
| Change In Net Assets | (35,896,310) | 74,371,027 |
| Net Assets at the Beginning of the Year | 417,423,592 | 342,052,565 |
| Ending Net Assets | 381,527,282 | 417,423,592 |
Statement of Financial Position (Unaudited) Years Ended December 31, 2022 and 2021
| Assets | 2022 | 2021 |
|---|---|---|
| Cash | 449,168 | 126,364 |
| Investments | 381,006,102 | 417,163,024 |
| Deposits | 10,674 | 10,674 |
| Net Property Plant and Equipment | 61,338 | 123,530 |
| Total Assets | 381,527,282 | 417,423,592 |
| Liabilities and Net Assets | ||
|---|---|---|
| Accounts Payable & Accrued Liabilities | – | – |
| Net Assets – Unrestricted | 381,527,282 | 417,423,592 |
| Total Liabilities & Net Assets | 381,527,282 | 417,423,592 |