The North Carolina Community Foundation consistently meets rigorous, objective standards for operational and investment quality, integrity and accountability. Tax return information via Form 990 is a matter of public record.  Additional financial information is provided in the Annual Report and in the quarterly fund statements provided to fund holders.

Investment management

The investment portfolio of the North Carolina Community Foundation is guided by a comprehensive investment policy developed by the NCCF’s Finance Committee, finance staff and its investment consultants. The policy is approved by the full statewide board and then signed by all asset managers. Our North Carolina Community Foundation (NCCF) Investment Fund provides an investment option consistent with our long-term philosophy and perspective.

Investment portfolio

The NCCF portfolio is managed for the long-term through a moderate asset allocation target of 70% equity, 20% fixed-income and 10% alternative investments. These asset class targets are further subdivided into asset styles, each with an allowable percentage range. Our investment managers are hired to manage their portions of the portfolio within the allowable asset style allocation ranges.

An endowment is intended to grow in perpetuity. To do so, investment history indicates that its portfolio must contain significant equity, even with its normal market fluctuations. Over the long-term, equity investments have out-performed both fixed-income (bonds) and cash investments. For the endowment to make annual grants and cover inflation, the endowment must include equity to ensure that the fund doesn’t eventually become depleted.

The primary investment option for new endowments is our proprietary NCCF Investment Fund. Established in the spring of 2007, the NCCF Investment Fund is now managed by our investment advisor, Fund Evaluation Group (FEG). FEG brings deep foundation and not-for-profit scale, organization and investment experience to the investment fund.

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