Financials and Investments

About Our Financials

The Community Foundation of Collier County (CFCC) is a tax-exempt, public, charitable fund, established in 1985 with a $300,000 endowment and a vision for increasing private philanthropy in Collier County.  As of June 30, 2018, the Foundation managed almost $174 million in assets and had distributed nearly $130 million in grants to nonprofit organizations and community programs since inception.

The Community Foundation manages a pool of permanent endowed funds established by charitable individuals and makes grants from the investment earnings to address community needs and issues. Through sound investing, effective grantmaking and building the capacity of Collier County nonprofit agencies, the Community Foundation seeks to strengthen our community for good and forever.

About Our Investments

The Foundation contracts with Colonial Consulting to manage its Endowment/Long-term Pool, Index Pools, and SRI Pool.  If a donor has an existing relationship with any of our Financial Partners,  the Community Foundation can use the partner as the investment manager for that donor’s specific fund.

Our Endowment/Long-Term Pool

Endowment/Long-Term Pool Description – A combination of actively and passively managed funds, which currently has the following target allocations:  65% Global Equities allocated across index funds and active managers, 10% Private Assets and 25% Fixed Income allocated across US bonds and global bonds.  Fees is approximately 82 basis pts. (excluding Private Assets and incentive fees).

Endowment/Long-Term Pool Performance Summary (September 30, 2018)*

Current Allocation  Qtr 1 YR 3 YR 5 YR
Total Portfolio 100% 1.6% 6.2% 8.5% 6.1%
Custom Benchmark 3.5% 7.9% 8.7% 6.1%

*Net of fees

Our Equity Pool

Equity Index Pool Description – Utilizes the Vanguard Total Stock Market Index Fund (50%) and Vanguard Total International Index Fund (50%) to provide a broad exposure to U.S. and non-U.S. equity stocks in a single, diversified pool. Fee is approximately 12 basis pts.

Equity Index Pool Performance Summary (September 30, 2018)*

Current Allocation Qtr CYTD 1 YR 3 YR
Total Portfolio 100% 3.7%  3.5% 9.3%  NA
Benchmark  MSCI AC World 4.3%  3.8% 9.8%  13.4%

*Net of fees

Our Fixed Income Pool

Fixed Income Index Pool Description – Utilizes the Vanguard Total Bond Market Index Fund (79%) and Vanguard Short Term Bond Index Fund ( 21%) to provide a broad exposure to U.S. investment grade bonds with varying short and medium term goals.  Fee is approximately 12 basis pts.

Fixed Income Index Pool Performance Summary (September 30, 2018)*

Current Allocation Qtr  CYTD 1 YR 3 YR
Total Portfolio 100% 0.2%  -0.8%  -0.5  NA
Benchmark  Barclay’s Cap Agg 0.0%  -1.6%  -1.2% 1.3%

*Net of fees

Our Socially Responsible Investment Pool

Socially Responsible Investment (SRI) Pool – An actively managed pool that may screen its investments based on environmental, social and/or governance criteria.  This pool will have a 65% global Equity and 35% Fixed Income allocation.  Fees will be approximately 74 basis pts.

SRI Pool Performance Summary (September 30, 2018)*

Current Allocation Qtr  CYTD 1 YR 3 YR
Total Portfolio 100% 2.7% 1.9% 4.9%  NA
Custom Benchmark 2.6%  1.7%  5.3%  8.5%

*Net of fees

Our S&P 500 Investment Pool

SPDR S&P 500 ETF Pool – The SPDR® S&P 500® ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P
500® Index.  Fees are approximately 9.5 basis pts

SPDR S&P 500 ETF (SPY) (September 30, 2018)

Current Allocation Qtr CYTD 1 YR 3 YR
Total Portfolio 100% 7.0% 9.5%  15.4%  NA
Benchmark  S&P 500 Index 7.6% 10.4% 17.8% 13.9%

 

Our Financial Partner

Northern Trust is a financial partner with the Community Foundation.

Northern Trust Financial Partner Pool Description – A combination of actively and passively managed funds, which currently has the following target allocations:  65% Equity, 35% Fixed Income, 0% Alternatives and 0% Cash.  Total Fees are approximately 63 basis pts.

Northern Trust FP Pool Performance Summary (September 30, 2018)*

Current Allocation  Qtr 1 YR 3 YR 5 YR
Total Portfolio 100% 2.4% 7.7% 11.3% 7.4%
Custom Benchmark 3.3% 7.4% 10.1% 7.0%

*Net of fees

 

The Importance of Transparency

The Community Foundation’s Chief Financial Officer and its Investment Committee – ten individuals with business and wealth management experience – provide another layer of due diligence. The Foundation’s CFO oversees the results of our investments monthly and the Investment Committee oversees those results quarterly.

We adhere to the highest standards and operate in the public view and in the public interest. Visit our NONPROFIT DIRECTORY for detailed information about the mission, governance, management and financials of the Community Foundation of Collier County.

For Your Reference

Our financials are updated quarterly and available for review. You may also review our most recent Report to the Community, the last three years of our tax documents, including Internal Revenue Service Form 990 and Form 990-T (if applicable), our Articles and Amendments and our ByLaws.