According to the Mansfield News Journal, the thirty-five-year-old Rupp Foundation will close its doors after transferring its assets to the community foundation. For the past ten years, the Rupp Foundation has been managed by Fran and Warren Rupp's two daughters and grandson through Minneapolis-based Family Philanthropy Advisors. "The board of trustees for the Rupp Foundation are living outside the area now," Richland County Foundation president Brady Groves told the Journal, "and it was becoming more challenging for them to administer affairs from afar."
Much of the gift will be added to the Fran and Warren Rupp Fund of the Richland County Foundation, a donor-advised fund. Organizations that received funding from the Rupp Foundation are invited to seek support from the fund.
"Richland County Foundation is the largest private source of grants in Richland County and has the expertise to handle this gift as we handle each and every gift that comes to us," said RCF board chair Michael Bennett. "With this gift, Richland County Foundation has an asset base of $112 million and over three hundred and fifteen component funds. This gift is the single largest gift in Richland County Foundation's history."