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DONOR ADVISED FUNDS
FIELD OF INTEREST FUNDS
DESIGNATED FUNDS
GRANTING FROM YOUR FUND
MANAGEMENT AND INVESTMENT OF YOUR FUND
SCHOLARSHIPS
AWARDING SCHOLARSHIPS
MANAGEMENT AND INVESTMENT OF YOUR FUND
LET US SUPPORT YOUR PHILANTHROPY
ADDING TO YOUR FUND
OPPORTUNITIES TO BUILD PHILANTHROPY IN SW WASHINGTON
ARE YOU INVOLVED WITH A NONPROFIT?
RESOURCES
Glossary
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Our goal is to increase dollars available for scholarships while ensuring that your Scholarship Fund’s principal grows over time.
Our investment program benefits from the expertise of a volunteer Investment Committee. All committee members are well versed in investment strategies, trends and issues. Appointed by the Board, the Committee meets regularly to review and rebalance our portfolios.
Our independent investment advisor, Arnerich Massena & Associates, guides, monitors and oversees investments and is paid on a flat-fee basis. That is, they do not receive a commission on investments made. The invested funds are held at Union Bank of California. The Bank has no authority over investment choices.
This separation of investment advice from day-to-day custody, coupled with the expertise of the Investment Committee, ensures that the Community Foundation receives the highest quality advice and management of its investment portfolios.
| As a steward of endowments, our investment program is designed for long-term results. To meet this goal, the Community Foundation’s Board of Directors has established an annual investment return goal of at least 9 percent. Years of investment growth buffer inevitable market downturns. |
Service Fees
Scholarships are generally changed a two percent service fee to help defray the administrative costs associated with managing your fund and providing top quality donor services. Under some circumstances, the fee may be somewhat lower because the donor is providing much of the administrative work needed to service the scholarship.
Investment Fees
The Community Foundation assesses a 60 basis point investment fee on all funds. This fee covers the cost of our investment program. Charging an investment fee is standard procedure in community foundations and in commercial investment programs.
| The Community Foundation’s Board is committed to complete transparency. We disclose all fees associated with the investment and management of your Scholarship Fund. There are no “hidden” additional costs. |
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