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Investments

Our Board of Trustees has the ultimate fiduciary responsibility for all assets contained in donor funds, and the Board 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.

As a donor, you have choices as to how the assets in your fund are invested, depending on your grantmaking time horizon and asset size. You may select up to three investment options for your Fund.

  • If your assets are held in an endowed fund, your choices include those pools which have a long term investing horizon in order to secure future grantmaking ability. These funds are subject to our Spending Policy.
  • If your assets are held in a non-endowed fund, you have investing options that range from very liquid to long term, depending on your asset size and/or grantmaking horizon.
  • For those fundholders with assets greater than $500,000, there is an option for custom management with your current investment advisor.

For an overview of all the investment options, view/download How TCF Invests or see the investment pool highlights below.

Cash Pool

  • 1 year or less investment time horizon
  • Appropriate for all non-endowed funds

Cash Pool Investment Target Allocation Chart

Invested in high-quality, low-risk instruments to provide liquidity and preservation of capital. It is ideal if you are planning on a short grantmaking time horizon. (Not an option for endowed funds.)

Active Managers: 0% | Passive Managers: 0%

Intermediate Pool

  • 3–7 years investment time horizon
  • Appropriate for non-endowed funds $100,000+

Intermediate Pool Investment Target Allocation Chart

Invested for intermediate-term returns to preserve capital and provide for moderate growth. It is a diversified portfolio of domestic and international equities and fixed income and is ideal if you are planning on a somewhat extended grantmaking time horizon. (Not an option for endowed funds.)

Active Managers: 60% | Passive Managers: 40%

Download TCF Intermediate Pool Info Sheet

Social Impact Pool

  • 7+ years investment time horizon
  • Appropriate for all endowed funds and non-endowed funds $100,000+

Social Impact Pool Investment Target Allocation Chart

Invested for long-term returns sufficient to preserve and enhance real, inflation-adjusted grantmaking power. It is a diversified portfolio of domestic and international equities and fixed income that integrate environmental, social, and governance factors into 
the investment decision-making process.

Active Managers: 100% | Passive Managers: 0%

Download TCF Social Impact Pool Info Sheet

Long-Term Pool

  • 7+ years investment time horizon
  • Appropriate for all endowed funds and non-endowed funds $100,000+

Long-Term Pool Investment Target Allocation Chart

Invested for long-term returns sufficient to preserve and enhance real, inflation-adjusted grantmaking power. It is a broadly diversified portfolio of 
domestic and international equities, fixed income 
and alternatives.

Active Managers: 86% | Passive Managers: 14%

Download TCF Long-Term Pool Info Sheet

Custom Asset Management

  • Appropriate for endowed and non-endowed funds $500,000+

You may recommend your advisor for investment of your advised and designated fund assets in a custom managed pool, subject to the approval of our Investment Committee and in accordance with our Investment and Spending Policy for Investment Program.

Download Custom Asset Management Info Sheet

Our Spending Policy

The Foundation’s spending policy for endowed funds is designed to provide a steady flow of funds available for grantmaking, while keeping pace with inflation. Currently, The Community Foundation’s spending policy provides for a 5% annual distribution of funds from the endowment, based on a trailing, twenty-quarter average of the fair market value of endowed assets as of September 30 of the prior year.

Our Investment Advisor

Colonial Consulting
For more information, see their website at colonialconsulting.com.

The Foundation partners with Colonial Consulting, LLC, an independent investment advisory firm serving U.S. not-for-profits. Colonial advises our Investment Committee and makes recommendations with respect to investment strategy, asset allocation, and manager selection for the TCF Long-Term, Social Impact, and Intermediate pools. Colonial Consulting, LLC has a fiduciary obligation to the Foundation with a goal of increasing the value of our portfolios, is independent of the managers they recommend, and has no other lines of business.

Contact Information

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

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