Professional and Diversified Investment Management

When you place your agency fund with the Community Foundation it becomes a part of our pool of funds. Investing as part of this pool, which is valued at over $60 million, diversifies your agency fund across many more asset classes than would be possible investing it individually. The Community Foundation's investment pool is managed using a diversified strategy and is invested on a "total return" basis (combining capital appreciation and earned income), with a variety of asset classes used to lower volatility. Within each asset class, the Community Foundation retains highly skilled investment managers who specialize in that particular asset class. To ensure that the Community Foundation's portfolio is managed effectively, our investment committee oversees the investment pool's manager selection, best strategies and appropriate benchmarks, and closely monitors the performance, asset allocation, and style adherence of each of the fund managers. For more information on the Community Foundation's investments, please contact us at 863/683-3131.

Fund Management Services

The Community Foundation provides several services to agency fundholders. Basic administrative services include accounting and record keeping, including quarterly reports, and automatic grant distributions to your organization. We can also manage various types of gifts to the fund, including appreciated securities, real estate, closely-held stock, insurance policies, tangible personal property, and bequests.

Planned Giving and Endowment Fundraising Support

Our professional staff is available to meet with your agency staff, board members, and donors. We have work with specialists who can speak to your donors about planned gifts, and other vehicles to benefit your agency fund.

Increased Donor Confidence

Having a fund with the Community Foundation affiliates your agency with a respected nationally certified public charity with deep roots in the community and total assets of more than $60 million. This affiliation can be especially helpful if the agency is new to major gift fundraising, planned giving, or wishes to attract new donors. Your CFGL fund can also provide increased exposure to potential donors and the general public, through listings in our publications, press releases, web page, and participation in Community Foundation events.

Variance Power

In the event that your agency ceases to exist, loses its nonprofit status, or the original purpose of the fund becomes irrelevant, the Community Foundation board maintains "variance power" to change the beneficiary or purpose of the fund to maintain donor intent. Your agency may also designate a "contingency" beneficiary in the fund agreement. Variance power helps assure donors their gifts will remain relevant in perpetuity.

Low Cost

There is no cost to establish your endowment with the Community Foundation. A foundation support fee is charged on the assets annually, however, Agency Funds are charged a rate less than the standard donor advised fund.

Marketing & Publications

Your non-profit benefits from the marketing and public relations initiatives carried out by the Community Foundation as well as its credibility and donor services. In addition, all charitable giving material prepared by the Community Foundation is available for use by your non-profit at no cost (including an agency brochure specific to your fund). You may modify this material to use in your own newsletters, publications or direct mail appeals.

Grants

And finally, establishing a fund in the Community Foundation in no way limits your ability to apply for grants from other funds of the Foundation. In fact, by having a fund within the Community Foundation, you are able to submit an additional grant proposal in our annual grants process.