How is the money invested for
an endowed fund? Endowments are invested in
accordance with the International
Community Foundation’s investment
policy which is available upon request.
The endowment is invested to provide
growth of assets for the funding of
future projects and nonprofits of the
International Community Foundation.
Funds are invested in a balance of
equity and fixed income instruments.
The portfolio maintains a long-term
strategic asset allocation policy
designed for optimum risk adjusted
returns. What does the International Community Foundation do with money for non-endowment funds? The foundation provides a high-level
of liquidity for all non-endowed funds
that are short-term. Funds may be
invested in non-interest bearing or
interest-bearing bank accounts, money
market funds, certificates of deposit
(CDs), U.S. Treasury Bills and other
secure short-term investments yielding
reasonable rates of return. For all
non-endowed funds under management
at the foundation the focus is on
capital preservation while maximizing
liquidity. Does the donor have any say in
how funds are invested? No. By law, donors may not exercise
control over where money is invested.
Assets held in both the foundation’s
non-endowment and endowment
funds will be invested per the
International Community Foundation
investment policy. Can donors support family members even if it is for charitable purposes? No. Donors may not support family
members through donor advised
funds, nor can a donor make grants
to individuals. Can donors make charitable expenses, including hiring outside consultants or advisors, through their donor-advised fund to help further their charitable giving objectives? No, pursuant to the 2006 Pension
Protection Act it is not permissible to
make charitable expenses of any kind
through a donor advised fund. |
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