The Community Foundation takes very seriously the obligation to steward the charitable funds with which we have been entrusted. Mindful of our commitment to "Helping Donors Share," we prudently invest charitable funds so they may strengthen the community for current and future generations, carrying out our generous donors' wishes to make a difference in the lives of others. Learn more about our investment results and opportunities here.
Endowed funds provide support in perpetuity for the charitable causes selected by donors. We seek to secure investment returns sufficient to support an annual distribution of up to 4.5% to the donors favored charitable causes, to cover modest administrative expenses, and to preserve the purchasing power of the fund. To accomplish this goal without generating undue risk, the Foundation adheres to a diversified asset allocation strategy and relies on professional investment managers experienced in specialized sectors of the investment markets. Target asset allocations, and the managers serving the Foundation in each of these classes, can be downloaded here.
Non-endowed ("spend-down") funds generally provide support for selected charitable causes over a shorter time frame and at a higher rate of distribution than permanent endowment funds. To accommodate the heightened need for short-term stability and liquidity, spend-down funds are invested in one of three pools, depending on the anticipated timeframe for fund distributions.
Short-Term Portfolio – provides a high level of liquidity for funds with short-term grantmaking strategies.
Intermediate-Term Portfolio - balances mild liquidity needs with a reasonable level of expected appreciation over full market cycles.
Long-Term Portfolio - mirrors the investment strategy for endowed funds as closely as possible, with the exception of some asset classes that have longer duration objectives and less liquidity.
The three pools are invested primarily in various Vanguard funds according to the following asset allocations which you can download and view here.
The Community Foundation’s Investment Committee sets investment strategy, hires professional managers and monitors investment performance against industry benchmarks. Committee members have extensive expertise in business, investments and financial matters. Current Investment Committee members are:
Greg Pawlak, Chair, SVP- Managing Director, RBC Wealth Management
Jeffrey Esker, CFP® Private Wealth Advisor, Ameriprise Financial Services
Michael Lokensgard, Shareholder, Godfrey & Kahn
Melanie Miller, Treasurer (Ex-officio), Vice President & Treasurer, Amcor (retired)
Jesse Nelson, Partner, Copper Harbor Investment Advisors, LLC
Chuck Self, Chief Investment Officer & Chief Operating Officer, iSectors LLC
Kathryn Sieman, Community Foundation for the Fox Valley Region
Jeffrey Werner, First Vice President, Wells Fargo Advisors
Curt Detjen – Ex-officio
Peter Mariahazy – Ex-officio
The Community Foundation’s investment strategy is managed by our new Outsourced Chief Investment Officer (OCIO), FEG Investment Advisors. FEG has extensive institutional experience, working with more than 40 community foundations across the nation. Ninety percent of the firm’s OCIO institutional clients are nonprofits. FEG has over $65 billion under advisement, and consistently outperforms the market. Additionally, FEG’s expertise will help provide the financial footing necessary to support our philanthropic mission. FEG works with our local volunteer investment committee members who are experts in investment and finance.