The Community Foundation of the Florida Keys has retained the services of CAPTRUST, one of the Top 10 U.S. investment advisors for nonprofit endowments. CAPTRUST manages $12 billion for nonprofits including the Orlando-based Central Florida Foundation, the GiveWell Community Foundation in Lakeland, the Pinellas Community Foundation in St. Petersburg, and The Community Foundation Martin-St. Lucie, based in Stuart.
The Florida-based CAPTRUST team, including Matt Doyle CFP® and Mike Valone CAIA®, CFA®, will manage approximately $25 million on behalf of the Community Foundation of the Florida Keys. Nearly half of the 190+ funds are permanent endowed funds including field of interest and designated funds that support specific causes and charities annually. About one-third of the assets are held on behalf of other nonprofits for the benefit of the Florida Keys. The Foundation also manages donor advised funds and scholarship funds.
“After a comprehensive national search, our Board of Governors selected CAPTRUST because of its strong reputation and track record of long-term returns and service,” said Community Foundation board chair Will Langley. “Our donors will benefit from institutional share discounts and comprehensive expertise,” he said.
In addition to its regular long-term investment pool, the Community Foundation of the Florida Keys has launched the In Paradise for Good Pool, comprised of environmentally and socially responsible (ESG) funds.
“The In Paradise for Good Pool has for years outperformed benchmarks,” said Community Foundation CEO Jennifer McComb, who participated in the most recent Principles for Responsible Investment conference in Barcelona. “While past performance is not a guarantee of future performance, we are impressed that through CAPTRUST’s relationships with the very best ESG managers, we can offer our donors an investment option that is win-win-win, supporting the world at large, our local fragile environment, and advancing fund growth to maximize support for local non-profit programs.”
The minimum investment to open a Community Foundation fund is $10,000. To learn more, visit cffk.org.