Financials and Oversight
The Community Foundation of the Lowcountry’s investment portfolio is under the direct oversight of the Board of Directors.
The Finance and Investment Committee, whose members have been selected for their extensive background and expertise in finance and investment, is responsible for recommending asset allocation parameters, selecting investment managers, and monitoring their performance. In addition to our individual management firms, the Community Foundation has retained Fund Evaluation Group, of Cincinnati, Ohio, to assist our Finance and Investment Committee in recommending asset managers and monitoring and evaluating manager performance.
The Community Foundation maintains a commitment to a total return investment philosophy, including an endowment spending policy to ensure the ongoing viability of funds. Any investment return earned over the spending policy is added to principal, thus combating inflation, overcoming down markets, and continuing to grow endowments, all for the benefit of grantees.
The names of investment managers, fees charged (including investment and administrative fees), and the names of those responsible for investment and oversight are available upon request, as are the most recent copies of filed Form 990 and Form 990-T.