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The purpose of the Community Foundation of Greater Greensboro is to accumulate a pool of assets sufficient to build community capital for future use with the corresponding obligation to support current and future community needs. While shorter-term investment results will be monitored, adherence to a sound long-term investment policy, which balances short-term spending needs with preservation of the real (inflation-adjusted) value of assets, is crucial to the long-term success of the Foundation.
The overall, long-term investment goal of the Community Foundation is to achieve an annualized total return (net of investment management fees and expenses), through appreciation and income, greater than the rate of inflation (as measured by the broad, domestic Consumer Price Index) plus 6%, thus protecting the assets against inflation.
The assets are to be managed in a manner that will maximize the benefits intended by the donor.
The Community Foundation works with an investment consulting firm, Fund Evaluation Group (FEG) of Cincinnati, Ohio, to assist the Investment Committee in all aspects of managing and overseeing the Community Foundation's investment portfolio. FEG is the primary source of investment education and investment manager information, and performs the following services for the Community Foundation:
- Provides the Investment Committee with quarterly performance reports;
- Meets with the Investment Committee at least quarterly, and more frequently as needed;
- Monitors the activities of each investment manager or investment fund;
- Supplies the Investment Committee with other reports or information as as needed;
- Recommends engaging and terminating investment managers; and
- Reviews the Investment Policy Statement and the Asset Allocation with the Investment Committee at least annually.
Click here to download Investment Policy, Administrative fees, Audited financials, or the most recent form 990
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