RI Foundation awards $76 million in grants during 2021 and raises $98 million in gifts

State House
Rhode Island State House. (WLNE)

PROVIDENCE, R.I. (WLNE) – The Rhode Island Foundation has announced it awarded $76 million in grant funding to more than 2,300 non-profit organizations and raised $98 million in gifts in 2021.

As the largest funder of non-profits in the state, RI Foundation works alongside donors and non-profits to help people in Rhode Island. At the end of 2021, total assets stood at $1.4 billion and total fund investment return for the year was 20.4%.

“In a time when COVID-19 continued to wreak havoc on the lives of Rhode Islanders, we had our highest combined year for grants and fundraising ever,” said Neil D. Steinberg, the Foundation’s president and CEO. “We are appreciative of our insightful and dedicated donors and the nonprofit organizations that provide crucial services in the community.”

Many of the organizations aligned with RI Foundation’s three priorities: educational success, healthy lives, and economic security.

The Rhode island Parent Information network received $85,000 to begin a telemedicine program to help older adults in Pawtucket receive health care, the Cranston Public School District Received $135,000 to expand its STEM initiative at the Cranston Area Career & Technology Center, and the Innovation Studio received $128,000 to support its Small Business Entrepreneurship Program.

The Foundation continued to support organizations during the COVID-19 pandemic, partnering with the state to distribute $5.4 million in federal CARES Act funding to support over 160 non-profits across the state.

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