The North Carolina Community Foundation consistently meets rigorous, objective standards for operational and asset quality, integrity and accountability. Our North Carolina Community Foundation (NCCF) Investment Fund provides investment options consistent with our long-term philosophy and perspective. Our investment strategy is guided by a comprehensive investment policy developed by the finance staff and its investment consultants.  The policy is approved by the Foundation’s Finance Committee and the full statewide board and then signed by all asset managers. Tax return information via Form 990 is a matter of public record. NCCF's Form 990, including 990-T if applicable, is available by requesting a copy from Chief Financial Officer John Berngartt in writing at 4601 Six Forks Road, Suite 524, Raleigh, NC 27609, via email or calling 919-828-4387. NCCF's 990 is also available on Guidestar.

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.

Investment portfolio

The NCCF portfolio is managed for the long-term through a moderate asset allocation target of 65% equity, 25% fixed-income and 10% cash and alternatives. These targets are further subdivided into asset styles, each with an allowable percentage range. Our asset 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 equity with its normal market fluctuations. Over the long-term, equity investments have out-performed both fixed-income 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 employs specialist managers by asset style (e.g. large cap value equity, international equity and fixed- income) rather than a single manager administering all asset styles.

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