2018 Revenues and Expenses
RFF is committed to transparency and accountability in its financial reporting and is dedicated to providing the maximum research value for our supporters.
In fiscal year 2018, total operating revenue for RFF reached $12.8 million, 70 percent of which came from individual contributions, foundation grants, corporate contributions, and grants from governments and other organizations. RFF augments its operating revenue with net income from its building and earnings from its reserve fund. At the end of fiscal year 2018, RFF’s reserve fund was valued at $58.5 million.
RFF research and policy engagement continued to be vital in 2018, representing 75 percent of total expenses. Management, administration, and development expenses combined were 25 percent of the total.
RFF’s audited financial statements are available below.