We carefully nurture and steward gifts from donors, for our community.
With every investment we make, we have one goal in mind: to put as many resources as possible each year back into the community to amplify the good work women and men across our region are engaged in.
A return on the gifts you make
Our investment strategy yielded a strong return on investments in 2017 while also reducing fees and increasing the pool of investments available for donors. The Long Term Pool rate of investment return for 2017 was 14.3 percent (beating our benchmark of 13.6 percent) and the two-year return was 10.85 percent. As of September 30, 2018, the Community Foundation's total assets are now $143 million, of which $122.7 million are permanently endowed.
How we invest
We invest most endowed assets in our primary endowment pool, the Long Term Pool. Pooling the assets provides funds of all sizes the benefits of diversification and lower fees, which means more philanthropic dollars going back into the community.
Our investment strategy is set and monitored by the Investment Committee with long term objectives in mind. We strive to provide a consistent flow of funds for foundation expenditures including grant making and administrative activities while preserving the real value of current assets and future gifts.
Today, we partner with FEG Investment Advisors to oversee our investment structure. FEG is an independently owned, full service investment advisory firm currently serving almost 50 Community Foundations. With the FEG partnership, the Investment Committee and the Board of Directors adopted a new Investment Policy Statement in September 2016, which included an updated asset allocation for the Long Term Pool.
Beginning in 2018, we began offering two additional investment strategy options for our endowed fundholders. Our primary investment option remains the Long Term Pool, but now you may recommend a Strategic Growth Pool or an Environmental, Social and Governance Pool for your endowed fund as well.
We have also updated the options for non-endowed fundholders. Non-endowed fundholders may choose from a Money Market Pool, an Income Pool as well as the same investment strategy options as our endowed fundholders listed above.