Profiles

Rhode Island Foundation

One Union Station
Providence, Rhode Island 02903
United States

Mission

A proactive community and philanthropic leader dedicated to meeting the needs of the people of Rhode Island

Most Meaningful Change

Our donor-funded Rhode Island Innovation Fellowship gives Innovation Fellows up to $300,000 over three years to develop, test and implement ideas that have the potential to dramatically improve an area of life in the state. Two Fellows will be named each year. The donors created a Field of Interest fund at the foundation and left it to us to develop and launch the program. Four fellowships have been awarded to individuals with pioneering ideas to fuel job creation and economic growth in Rhode Island, eradicate hepatitis C and integrate “design thinking” into our public schools. We are now in the third year of the program and accepting applications for 2014 fellows. This opportunity challenged many of our beliefs about risk-taking and community investments. It has led us to expand our role as a civic leader in addressing the economic hardships Rhode Island is currently facing in new and innovative ways. In September 2012 we convened over 300 participants from the private sector to set a new economic course for Rhode Island. This led us to commit $1 million above and beyond our regular grantmaking to fund projects initiated from this convening to stimulate the economy.

1916 Year Founded
$678,230,790 Endowment Value
$30,453,265 Total Annual Grantmaking

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This profile is 99% complete

Last Updated: 11.03.14

Top Programmatic Priorities
Population Area Served

1,000,000

Identifying Information
OrganizationRhode Island Foundation
Address 1One Union Station
Address 2Did not answer
City / TownProvidence
State / RegionRhode Island
ZIP / Postal Code02903
CountryUnited States
ContinentNorth America
Map Address (If Different)Did not answer
Map City / Town (If Different)Did not answer
Map State / Region (If Different)Did not answer
Map Zip / Postal Code (If Different)Did not answer
Map Country (If Different)Did not answer
Phone401.427.4004
Emaillpaola@rifoundation.org
Websitewww.rifoundation.org
Organization Leader (Name, Title)Neil Steinberg, President & CEO
Primary Contact’s NameMiss Paola
Primary Contact’s PositionPublic Affairs and Special Projects Manager
Foundation at a Glance
Year Founded1916
Mission StatementA proactive community and philanthropic leader dedicated to meeting the needs of the people of Rhode Island
Organization DescriptionCommunity Foundation
Other DescriptionDid not answer
Approximate Size of the Population Serviced1,000,000
Total Paid Staff (Full-Time Equivalents)41
Total Unpaid Staff (Full-Time Equivalents)Did not answer
Total Board Members12
Financial Information (in U.S. Dollars)
Organization’s Total Income in Last Fiscal Year$105,101,139
Organization’s Gifts Income in Last Fiscal Year$38,467,685
Organization’s Total Expenditures in Last Fiscal Year$36,048,030
Organization’s Grantmaking Budget in Last Fiscal Year$30,453,265
Does Organization Have an EndowmentYes
Value of Endowment (or Financial Reserves) as of the End of Last Fiscal Year$678,230,790
Change in Financial Status Over Last Three YearsSignificant improvement
Priorities and Achievements
Factors that Played a Role in the Origins of Your Organization
Community leadershipPlayed an important role
Philanthropic giftsPlayed an important role
Grassroots activismPlayed a slight role
Inadequate government servicesPlayed a slight role
Changes in the political environmentPlayed a slight role
Changes in the economic environmentPlayed an important role
Government initiative fundingPlayed a slight role
Foundation initiative fundingPlayed a slight role
Bilateral or multilateral initiative fundingPlayed an important role
Favorable legal or fiscal policiesPlayed an important role
Time Spent Working in Following Areas
NeighborhoodLots of time
LocallyLots of time
RegionallyDid not answer
NationallyVery little time
InternationallyVery little time
Rate Importance of the Following Functions
GrantmakingCentrally important
Having local people as leaders in the organizationCentrally important
Seeking local donationsCentrally important
Having a gender balance in the organizationImportant but not central
Board reflective of community diversityImportant but not central
Building an endowmentCentrally important
Serving donor needsCentrally important
Acting as a fiscal intermediary for the communityCentrally important
Building inclusion and trust in the communityCentrally important
Pursuing equityCentrally important
Accountability to local peopleCentrally important
Raising money for grantmaking annuallyCentrally important
Community developmentCentrally important
In the Last Year, Extent to Which Programming and/or Grantmaking Involved Work in the Following Areas
Arts and cultureFair amount
EducationLot
EnvironmentFair amount
HealthLot
Human and social servicesFair amount
Human rightsLittle
International relationsNot at all
ReligionNot at all
Economic developmentLot
Conflict resolution/bridging different parts of the communityFair amount
Information technologyFair amount
Strengthening local or regional governmentFair amount
HousingFair amount
ChildrenFair amount
WaterLittle
Alternative energyLittle
Disaster reliefLittle
Advocacy with authoritiesFair amount
Job trainingFair amount
Nongrantmaking Services Offered to Community in Recent Years
Convening for issues of local concernOften
Promote collaboration between granteesOften
Promote understanding of public policyOccasionally
Training/capacity-building for local organizationsOften
AdvocacyOften
Loaned staffRarely
ResearchOccasionally
Community needs assessmentOften
Leadership developmentOften
InternshipsOccasionally
Providing space for local organizationsOften
Access to information technologyOccasionally
Publishing/knowledge sharingOccasionally
Main Trends Over the Past Year in Geographic Area Served
PovertyNo change
CrimeNo change
Trust among different sections of the communityGetting better
Equitable distribution of resources and servicesGetting better
Social position of marginalized groupsNo change
Responsiveness of authoritiesNo change
Appropriateness of public policiesGetting better
Value of community assetsGetting better
Quality of the environmentNo change
Number of people and organizations working to change and improve their communityGetting better
Levels of innovation and risk taking in addressing community problemsGetting better
Networks and links between different parts of the communityGetting better
Gender equityGetting better
Charitable giving through the community foundationGetting much better
Number of people and organizations involved in philanthropic givingGetting better
Extent to Which Organization Can Claim Tangible and Measurable Achievements in the Past Three Years
PovertySome important achievements
CrimeWork in the sphere but no measurable achievement
Trust among different sections of the communityA few small achievements
Equitable distribution of resources and servicesA few small achievements
Social position of marginalized groupsSome important achievements
Responsiveness of authoritiesA few small achievements
Appropriateness of public policiesA few small achievements
Value of community assetsSome important achievements
Quality of the environmentSome important achievements
Number of people and organizations working to change and improve their communityMuch achievement
Levels of innovation and risk taking in addressing community problemsMuch achievement
Networks and links between different parts of the communityMuch achievement
Gender equityA few small achievements
Charitable giving through the community foundationSome important achievements
Number of people and organizations involved in philanthropic givingSome important achievements
Active Partnerships
Formal community associations and groupsLot
Informal associations of citizensLittle
Non-governmental organizationsLot
Local governmentLot
National governmentLittle
UniversitiesLot
SchoolsLot
BusinessesLot
Partnerships and External Aid
Other Institutions Helpful to Our Work
National association of grantmakersNeither helpful or unhelpful
Regional association of grantmakersNeither helpful or unhelpful
Global Fund for Community FoundationsNeither helpful or unhelpful
Particular foundationNeither helpful or unhelpful
Other organizationNeither helpful or unhelpful
Involvement of Local People
Regularly survey local people about our programsYes
Local people are engaged in the delivery of our workYes
Local people control what our organization doesYes
Have local people represented on our boardYes
Have regular sessions where local people advise us what our programs should doYes
Actively engage local people as volunteersNo
All of our board is composed of local peopleYes
Account to local people about our successes and failures each yearYes
Assistance in Overcoming Main Difficulties Faced in Developing Organization Further
Increased fundingImportant
Better legal or fiscal environmentImportant
More volunteersUnimportant
Access to advice or technical assistanceImportant
Better local culture of givingVery important
Stronger civil societyVery important
More responsive authoritiesImportant
OtherDid not answer
Most Meaningful Change
Most Meaningful Change that Organization Has Helped to Bring About in the Last Three YearsOur donor-funded Rhode Island Innovation Fellowship gives Innovation Fellows up to $300,000 over three years to develop, test and implement ideas that have the potential to dramatically improve an area of life in the state. Two Fellows will be named each year. The donors created a Field of Interest fund at the foundation and left it to us to develop and launch the program. Four fellowships have been awarded to individuals with pioneering ideas to fuel job creation and economic growth in Rhode Island, eradicate hepatitis C and integrate “design thinking” into our public schools. We are now in the third year of the program and accepting applications for 2014 fellows. This opportunity challenged many of our beliefs about risk-taking and community investments. It has led us to expand our role as a civic leader in addressing the economic hardships Rhode Island is currently facing in new and innovative ways. In September 2012 we convened over 300 participants from the private sector to set a new economic course for Rhode Island. This led us to commit $1 million above and beyond our regular grantmaking to fund projects initiated from this convening to stimulate the economy.
 

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Identifying Information

Foundation at a Glance

Financial Information (in U.S. Dollars)

Priorities and Achievements
Factors that Played a Role in the Origins of Your Organization

Time Spent Working in Following Areas

Rate Importance of the Following Functions

In the Last Year, Extent to Which Programming and/or Grantmaking Involved Work in the Following Areas

Nongrantmaking Services Offered to Community in Recent Years

Main Trends Over the Past Year in Geographic Area Served

Extent to Which Organization Can Claim Tangible and Measurable Achievements in the Past Three Years

Active Partnerships

Partnerships and External Aid
Other Institutions Helpful to Our Work

Involvement of Local People

Assistance in Overcoming Main Difficulties Faced in Developing Organization Further

Most Meaningful Change

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