Financial Information

Effective stewardship of philanthropic assets is fundamental to the Community Foundation’s commitment to fulfill its mission. We collectively invest our community’s charitable resources to grow these resources over time, and to serve the community forever.

Investment Summary for the Period Ending January 31, 2018
Since Inception* CYTD** 1 Year 5 Year 10 Year
Total Managed Assets 7.5% 3.6% 18.6% 8.2% 6.7%
Market Benchmark 7.8% 3.8% 19.7% 9.3% 6.8%
CPI + 5% 7.5% 0.6% 6.9% 6.6% 6.7%
*”Inception” is defined as the period since 1994, which is the period available for reporting by our investment advisors.
**Current year to date.


Financial Information:

As a public charity, the Community Foundation takes seriously its stewardship role.  We make every effort to operate in a transparent manner. Our federal tax returns and audited financial statements are available below, or you may contact us to receive print copies.

Investment Overview:
The Foundation manages more than 400 individual charitable funds which are pooled together and invested with the goal of preserving and increasing the value of these assets over time.

Finance and Investment Committee Oversight:
Members of the Community Foundation’s Finance and Investment Committee have extensive experience in business, investments, and financial services. The committee sets the investment strategy, hires outside professional managers, and monitors investment performance against industry benchmarks. The Foundation’s assets are managed by investment managers who are retained for their proven long-term investment results and expertise in specific asset classes or market sectors. The investment results of each individual manager are regularly monitored by the Finance and Investment Committee and Colonial Consulting (see below). The performance of each manager is measured against a specific benchmark appropriate to the asset class it manages.

Investment Advisor:
The Community Foundation benefits from the expert counsel of Colonial Consulting, LLC. Colonial Consulting works with the Finance and Investment Committee to monitor the investment performance of individual managers and provides advice on investment strategy, asset allocation, and manager selection. Colonial primarily works with not-for-profits, and provides investment advice to a number of other community foundations across the country.

Investment Strategy:
The Community Foundation’s investment strategy calls for a portfolio that is diversified across U.S. domestic and global asset classes. A diversified portfolio reduces the impact of individual market volatility and helps to control risk. In addition, the Foundation uses multiple investment managers in some asset classes, a diversification technique that further reduces risk.