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Financial Stewardship

Assets Gifts Grants Chart
Total Assets/Gifts/Grants for the Past Five Fiscal Years

Generous giving and prudent investing have grown your community foundation to $398 million in total assets, and provided nearly $450 million in total grants since our beginning. We understand and take seriously our responsibility to carefully manage and invest these assets to meet your philanthropic goals now and permanently into the future.

The Community Foundation for Northeast Florida is the steward for all Donor Funds. Our Board of Trustees has the ultimate fiduciary responsibility, and entrusts the Investment Committee with ensuring that all assets invested are consistent with the policies and objectives of the Foundation. This Committee works closely with The Community Foundation’s investment advisors and staff to recommend policy, establish performance benchmarks and continually monitor The Community Foundation’s investment program.

Our Investment Philosophy

We invest our assets so that grants can be made to address current community needs, and to preserve and enhance assets available for future generation grantmaking. The Foundation believes the likelihood of achieving these goals is enhanced when we:

  • Establish a strategic asset allocation that is expected to achieve an investment pool’s investment objective while maximizing return for the level of risk assumed;
  • Avoid market-timing;
  • Appropriately diversify by asset class and strategy as this increases the likelihood of achieving return objectives under different economic and market conditions;
  • Establish highly disciplined rebalancing strategies between asset classes, with marginal tactical adjustments based on severe market conditions; and
  • Apply this approach uniquely based on the nature and level of each investment pool’s investment objective, acceptable levels of risk, and projected liquidity needs.

Long Term Investment Pool Performance

The Community Foundation has been investing long-term assets for more than twenty years, with historical performance through the most recent quarter updated below. In 2018, The Community Foundation added two new investment pools for which performance data will be added as it becomes available. Learn more about our investments.

Long-term Investment Pool Table
 

Contact Information

245 Riverside Avenue, Suite 310
Jacksonville, FL 32202
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The Community Foundation for Northeast Florida

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