Financials and Investments
Staff Contact
Lisette Holmes
Chief Financial Officer239.307.4522
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 December 31, 2017, the Foundation manages nearly $170 million in assets and has distributed nearly $130 million in grants to nonprofit organizations and community programs.
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 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 would be approximately 64 basis pts. (excluding Private Assets and incentive fees). Endowment/Long-Term Pool Performance Summary (December 31, 2017)* *Net of fees 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 will be approximately 7-8 basis pts. Equity Index Pool Performance Summary (December 31, 2017)* *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 will be approximately 7-8 basis pts. Fixed Income Index Pool Performance Summary (December 31, 2017)* *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 63 basis pts. SRI Pool Performance Summary (December 31, 2017)* *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 SPDR S&P 500 ETF (SPY) (December 31, 2017) Our Financial Partners Northern Trust, U.S. Trust, Huntington, Sun Trust, Mill Creek Capital Advisors, Morgan Stanley and Bessemer Trust are financial partners with the Community Foundation. The Community Foundation’s Chief Financial Officer and its Investment Committee – eleven 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. 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.
Current Allocation
Qtr
1 YR
3 YR
5 YR
Total Portfolio
100%
4.3%
16.4%
6.9%
7.4%
Custom Benchmark
4.5%
14.3%
6.3%
7.3%
Current Allocation
1 Mos
Qtr
1 YR
3 YR
Total Portfolio
100%
1.5%
5.6%
NA
NA
Benchmark
MSCI AC World
1.6%
5.7%
24.0%
9.3%
Current Allocation
1 Mos
Qtr
1 YR
3 YR
Total Portfolio
100%
0.3%
0.3%
NA
NA
Benchmark
Barclay’s Cap Agg
0.5%
0.4%
3.5%
2.2%
Current Allocation
1 Mos
Qtr
3 YR
5 YR
Total Portfolio
100%
0.7%
2.9%
NA
NA
Custom Benchmark
1.2%
3.6%
15.4%
6.6%
500® Index. Fees will be approximately 9.5 basis pts
Current Allocation
Qtr
1 YR
3 YR
5 YR
Total Portfolio
100%
6.6%
21.7%
11.3%
15.6%
Benchmark
S&P 500 Index
6.6%
21.8%
11.4%
15.8%
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