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Chief Financial Officer
Steve Veldhorst

Phone
(920) 702-7630

Email
[email protected]

Prudent Investing for the Future

Introducing a new investment strategy

The Community Foundation prudently invests charitable funds so they may strengthen the community for current and future generations, carrying out our generous donors’ wishes to impact their communities and make a difference in the lives of others.

As of March 1, 2020, the Community Foundation’s investment strategy is managed by our new Outsourced Chief Investment Officer (OCIO), FEG Investment Advisors. FEG works with our volunteer investment committee members who are local experts in investment and finance.

Our commitment

The Community Foundation’s investment strategy is designed to preserve and grow capital, helping to ensure that donors’ charitable assets benefit the community now and for generations to come. Portfolios embrace diversification and active management. This strategic approach helps guard against short-term market swings while still providing the opportunity for long-term gains.

The Community Foundation and our investment committee are responsible to establish the investment policy and strategic direction. The OCIO is empowered to select and manage the investment managers within the approved policy, while remaining accountable to the Community Foundation for results.

Why FEG?

We selected FEG as our OCIO partner due to its strong and extensive institutional experience. FEG works with more than 40 community foundations across the nation, and 90% of the firm’s OCIO institutional clients are nonprofits. FEG has over $65 billion under advisement, and consistently outperforms financial benchmarks. FEG’s expertise will help provide the financial footing necessary to support our philanthropic mission.

Performance

The Community Foundation has separate asset allocations for its long-term endowment portfolio and three non-endowed portfolio options, based on donor-intended timing for charitable distributions. Information provided below by previous consultant, Colonial Consulting, New York. Read Colonial’s quarterly market assessment for December 2019.

Investment Results: Endowment Pool

Period ending 12/31/19  Endowment Pool Target Benchmark
1 mo 2.6% 2.7%
3 mo 6.7% 6.4%
Calendar YTD 18.9% 19.4%
1 year 18.9% 19.4%
3 year 8.2% 9.2%
5 year 5.6% 6.5%
7 year 6.4% 7.0%
10 year 6.6% 6.9%

Investment Results: Non-Endowed Pool

Period ending 12/31/19 Short-term composite Intermediate-term composite Long-term composite
1 mo 0.1% 1.8% 2.7%
3 mo 0.4% 4.2% 6.1%
Calendar YTD 2.0% 13.3% 19.0%
1 year 2.0% 13.3% 19.0%
3 year 1.3% 6.4% 9.2%
5 year 1.0% 4.7% 6.8%
7 year 0.9% 4.8% 7.5%
10 year 1.1% 5.0% 7.9%