At the Community Foundation for the Greater Capital Region, we understand that it is a delicate balance: serve the needs of our region today while remaining financially sustainable to address the needs of tomorrow. We are grateful to the Finance Committee of the Board of Directors for their role in monitoring the investment of our assets, as well as our managers at Prime Buchholz, LLC who implement our investment strategies.
As a public charity, the Community Foundation adheres to the highest standards to operate both in the public view and the public interest. As stewards of our region’s charitable assets, the Foundation holds our investment managers to the highest standards of ethical behavior and professional performance. This is part of our commitment to our donors and to the communities that we serve.
Effective stewardship of philanthropic assets is fundamental to the Community Foundation’s commitment to fulfill its mission. We collectively invest our community’s charitable resources to grow these resources over time, and to serve the community forever.
| Investment Summary for the Period Ending September 30, 2024 |
|||||
| CYTD** | 1 Year | 5 Year | 10 Year | Since Inception | |
| Total Managed Assets | 12.5% | 21.5% | 8.5% | 6.6% | 7.3% |
| Market Benchmark | 12.5% | 21.5% | 8.9% | 7.6% | 7.6% |
| CPI + 5% | 6.6% | 7.6% | 9.4% | 8.0% | 7.7% |
| **Current year to date. | |||||
Financial Information:
As a public charity, the Community Foundation takes seriously its stewardship role. Our federal tax returns and audited financial statements are available below, or you may contact us to receive print copies.
- Click here for 2023 Form 990
- Click here for 2023 Financial Statements
- Click here for the 2022 Form 990
- Click here for 2022 Financial Statements
- Click here for the 2021 Form 990
- Click here for the 2021 Financial Statements
- Click here for the 2020 Form 990
- Click here for the 2020 Financial Statements
Investment Overview:
The Foundation manages more than 450 individual charitable funds which are pooled together and invested with the goal of preserving and increasing the value of these assets over time.
Finance and Investment Committee Oversight:
Members of the Community Foundation’s Finance and Investment Committee have extensive experience in business, investments, and financial services. The committee sets the investment strategy, hires outside professional managers, and monitors investment performance against industry benchmarks. The Foundation’s assets are managed by investment managers who are retained for their proven long-term investment results and expertise in specific asset classes or market sectors. The investment results of each individual manager are regularly monitored by the Finance and Investment Committee and beginning on January 1, 2020, Prime Buchholz LLC (prior to 1/1/2020 Colonial Consulting was our advisor). The performance of each manager is measured against a specific benchmark appropriate to the asset class it manages.
Investment Advisor:
The Community Foundation benefits from the expert counsel of Prime Buchholz. Prime Buchholz works with the Finance and Investment Committee to monitor the investment performance of individual managers and provides advice on investment strategy, asset allocation, and manager selection. Prime Buchholz primarily works with not-for-profits, and provides investment advice to a number of other community foundations across the country.
Investment Strategy:
The Community Foundation’s investment strategy calls for a portfolio that is diversified across U.S. domestic and global asset classes. A diversified portfolio reduces the impact of individual market volatility and helps to control risk. In addition, the Foundation uses multiple investment managers in some asset classes, a diversification technique that further reduces risk.