financial-services

Currently the Foundation manages over 130 funds with assets over $14.5 million. CFFK’s investment expertise is becoming increasingly respected in the community. A growing number of nonprofits are now asking about the Foundation’s financial policies and how their organizations might benefit from the Foundation’s money-management services.

The fundamental objective is for the Foundation’s endowed funds to achieve a total rate of return that facilitates a spending policy of 4.25%, after administrative expenses ranging from 1% to 2%, while maintaining the long-term purchasing power of the endowment. CFFK’s board is recommending a more conservative 4.0% spending rate.

Our Investment Policy statement describes the investment philosophy, long-term investment goals, and management procedures CFFK uses in managing its endowed funds. This policy also provides the ongoing framework for CFFK’s Investment Committee and is linked from this page or available upon request.

Our investment strategies are conservative, but aim to provide an annual payout from earned income, in addition to growth of the fund in pace with inflation (Click here to access our Investment Performance Report). Our track record is solid: the Foundation not only matches appropriate indexes for sectors in which investments are made, we also outperform the average of other managed funds.

In 2008 the Foundation’s funds were moved under management with The Mason Companies, a national leader in investment management. While each fund in the Foundation maintains its distinctive identity, it also is part of an investment pool, maximizing investment opportunities. CFFK’s Investment Committee reviews policies and progress regularly.

An integrated computer system, now in use by more than 80% of U.S. community foundations, further enhances fund management and reporting.

CFFK’s administrative fee schedule closely parallels the averages among U.S. community foundations. Donor-advised funds carry a low 1.5% annual fee. Scholarships and pass-through funds are charged 2%. Nonprofit endowments and operating funds pay 1%. With a minimum $100 fee per year.

Consider a financial collaboration with the Foundation. Call or  email us for more details.