The Community Foundation of North Florida engages with local professional and investment advisors to develop investment and spending policies and monitor investment performance. The Community Foundation seeks investment returns that are sufficient to preserve grantmaking power of its endowments. In pursing this objective, the Community Foundation strives to achieve total returns that, over time, are better than the relevant market averages, while maintaining acceptable levels of risk.

Investment Manager

The Community Foundation partners with Commonfund to achieve long-term investment goals. Commonfund was founded in 1971 as an independent asset management firm focused on not-for-profit institutions. Commonfund is one of North America’s leading investment firms for education endowments, foundations, and philanthropic organizations. Its only business is investment management, and Commonfund is active in all sectors of the global capital markets, both public and private, serving a broad spectrum of investors, including nonprofit organizations, healthcare organizations, family offices and pension plans.

Spending Policy

The Community Foundation annually adopts a board approved spending policy that helps to build a fund and provide a steady and predictable stream of income for grantmaking.

Long-Term Pool Investments

Our goal for our Investment Policy is to exceed the minimum long-term acceptable rate, while managing the portfolio to an appropriate level of risk. The target is to cover Grant Distributions of 4% + Inflation + Cost.