Investing with Peace of Mind
Community Foundation donors can select from four investment options for their funds. The following options vary from conservative to more aggressive and are designed to fit the needs and requirements of our diverse group of donors.

Central Investment Fund

The Central Investment Fund, with assets of $40 million, seeks preservation of principal and is invested in U.S. Treasuries and money market funds. For the quarter ending September 30, 2009, the fund returned an annualized rate of 0.24%.

S&P 500 Index Fund 

The S&P 500 Index Fund is invested to mirror the returns of the S& P 500 index. 

Specially Invested Funds

Specially invested funds are funds invested by The Community Foundation and its affiliates with consultants, selected by The Community Foundation at the recommendation of a donor or prospective donor. Customized investment policies are drafted and all gains and losses remain within the component fund and are not shared. The Community Foundation and its affiliates have established partnerships with Merrill Lynch, Morgan Stanley Smith Barney, Bernstein & Co., Bank of America, UBS, Wachovia Securities, Deutsche Bank, RBC Dain Rauscher, MV Capital, Kendall Capital Management, Lincoln Financial, The Family Firm, Brown Advisory, Highline Wealth Management, Aegis Wealth Management, AG Edwards, Allen & Company, Chevy Chase Trust, Goldman Sachs, Ivy League Financial, Mercantile, Northern Trust, Raymond James, and Sageworth.

Combined Investment Fund

The Combined Investment Fund has assets of over $75 million and is a pooled fund of the assets of many of the four community foundations’ component funds. Please see the attached Combined Investment Fund profile for its latest allocation.

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The Combined Investment Fund Profile

The Combined Investment Fund, having assets of more than $93 million, is a pooled fund of the assets of the many component funds of The Community Foundation and our three regional affiliate foundations.

On September 30, 2007, the breakdown of the Combined Investment fund was as follows:

Fixed Income Equities: 28.3%
Southern Asset Management: 28.00 (large and mid-cap value)
Russell 100 Growth index: 15.81% (large cap growth)
Thompson Siegel: 7.33 (small cap value)
Delaware Capital Management: 9.42% (international equities)
NWQ: 6.31% (international equities)
UBP: 4.77% (Fund of Funds alternative investment)

We use appropriate benchmark indices to track each of these managers. However, as is our tradition, we report against the standard 60/40 (60% S&P 500 index / 40% Lehman Brothers Gov’t/Credit). For the nine months ending September 30, 2007 the combined investment fund has earned 7.40% compared with the 60/40 index return of 7.10%.

Investment Committee

The Community Foundation’s Investment Committee is comprised of members of our Board of Trustees and donors. The key to long-term success remains maintaining a strong, intelligent discipline with regard to asset allocation strategy and consulting with highly skilled investment managers. Our experienced Investment Committee oversees our investment management policies and monitors our investment performance.

John Terry Beaty, Chair
Brown Advisory

Hugh McLaughlin
Morgan Stanley

Dan Mayers
Of Counsel, Wilmer Cutler Pickering Hale & Dorr

Sophia Green Robinson
Columbia Equity Financial Corp.

Mark Rothman
The MYTA Corporation

For More Information

Kenny Emson
Chief Development Officer
(202) 263-4779
kemson@cfncr.org