Fred Harmon started his scholarship fund to foster a new generation of civic-minded innovators.Read more
Central Carolina Community Foundation is home to more than 375 individual funds, established by generous donors, and practices prudent supervision of its investment management strategies to ensure that the organization’s endowment continues to provide for significant grantmaking in our community, now and for future generations.
The thoughtful stewardship of the Community Foundation's assets is a critical responsibility of the Board of Trustees. The Foundation's Asset Management Committee, comprised of local professionals with investment and financial expertise, has responsibility for all aspects of investment activities. These duties include establishment of investment policies, objectives and asset allocation, selection of investment managers, review of performance and approval of annual spending policy.
The Community Foundation's sound stewardship incorporates investment policies and strategies that will achieve an investment return that (at a minimum) meets or exceeds the inflation rate plus the Foundation's investment managers' fees, administration fees and grant making allowance. To achieve these investment objectives, the Community Foundation has retained Vanguard. Vanguard is the world's largest mutual fund company and the third largest provider of exchange-traded funds in the U.S.
Our philosophy is to apply excellent fiscal stewardship of our resources including stringent attention to efficient and cost-effective management. This consistent approach has positioned our organization well to weather the turmoil of the global economic crisis compared with many charitable funding organizations locally and nationally.
You may review our Consolidated Financial Statement (ending June 30, 2016) or contact our office at 803.254.5601 to request our audited financial statement or IRS Form 990.