Our Philosophy

Building Capacity for A Better Tomorrow

Growth of the Community Foundation’s assets is driven largely by a prudent, long-term investment strategy that is intended to allow the organization to grow and succeed in perpetuity. Assets are invested to achieve returns that support immediate community needs while preserving and growing the endowment for future generations.

The Community Foundation’s spending policy is designed to insulate against short-term market volatility, helping to prevent overspending when the market is up or underspending when the market is down. Spending from endowed funds is calculated based on a fund’s average balance over the previous 20-quarters, with approximately 5 percent of this average value available for spending on annual basis.

The Community Foundation’s Board of Trustees manages the organization’s investment portfolio through its Executive Committee and Investment Advisory Group, who work closely with staff and an investment consultant to set policy, establish performance benchmarks and monitor the effectiveness and diversification of the portfolio.

Total Financial Assets

Investment Options

Figures through September 30, 2021.

The Community Foundation's institutional investment strategies are advised by Crewcial Partners LLC.

Past performance is no guarantee of future results.

Long-Term Investment Pool

Established:
1993
Pool Size:
~$173.2 Million
Approximate Investment Fees:
~65 basis points annually (0.65%)

Segregated Charitable Gift Annuity Investment Pool

Established:
2012
Pool Size:
~$3.7 Million
Approximate Investment Fees:
~20 basis points annually (0.20%)

United States Conference of Catholic Bishops (USCCB) Investment Pool

Established:
2019
Pool Size:
~$12.0 Million
Approximate Investment Fees:
~29 basis points annually (0.29%) - Investments actively managed to ensure compliance with United States Conference of Catholic Bishops (USCCB) Socially Responsible Investment Guidelines

External Fund Management

Fundholders with fund assets of at least $100,000 may request to use their personal investment manager, subject to the approval of the Community Foundation’s Board of Trustees as described in the External Manager Policy.

As of October 31, 2021, the Community Foundation currently administers over $2.9 million in charitable assets held in externally managed funds.

Principal Guarantee

Non-participating funds do not earn returns or incur investment fees but their principal value is guaranteed.

Email Call
Community Foundation
2608 Genesee Street
Utica, NY 13502

Hours

Mon
8 AM - 5PM
Tue
8 AM - 5PM
Wed
8 AM - 5PM
Thu
8 AM - 5PM
Fri
8 AM - 5PM
Sat
8 AM - 5PM
Sun
8 AM - 5PM