The Foundation is committed to providing clear information about our finances and grantmaking. Because we work in the public realm with tax-deductible donor funding, our goal is to be transparent to the public. You will find our IRS 990 forms on this page, as well as audits of our finances. Our quarterly magazine and annual reports provide details of the foundation's work.

Investment Performance

More than $100 million of the Foundation’s assets are invested in equity, bond and money markets. An investment subcommittee oversees these assets and solicits guidance from an independent financial advisor. The money is invested by more than 10 managers. Overall, the Foundation maintains a balanced portfolio.

Over time, the Foundation’s investment portfolio has outperformed the S&P 500. Through September of this year, the portfolio recorded a 13.4% return.

The investment subcommittee watches over the investment portfolio. Members are Chairman Dudley W. Coates, Jim Boyer, Jim Dombrowski, G. Lee Griffin, Joe Ingraham, C. Kris Kirkpatrick, Kevin R. Lyle, C. Brent McCoy, G. Rolfe Miller, John B. Noland and Lawrence C. Paddock.


IRS 990 and Financial Audits

2008 - 990 Form

2007 - 990 Form Audit

2006 - 990 Form Audit

2005 - 990 Form Audit

2004 - 990 Form Audit

2003 - 990 Form Audit

2002 - 990 Form Audit

2001 - 990 Form Audit

2000 - 990 Form Audit


The IRS requires nonprofits to file 990 forms, which provide an organization's balance sheets, sources of income and expenses. The forms also provide lists of corporate officers and salaries of top employees. Questions can be directed to mverma@braf.org.

Legal Documents

Articles of Incorporation {Download PDF}
Amended and Restated Articles of Incorporations {Download PDF}
IRS Determination Letter {Download PDF}
IRS 1023 Application {Download PDF}