The prudent investment and management of assets is a primary function of the Community Foundation of the Holland/Zeeland Area’s Board of Directors. CFHZ is a publicly supported 501(c)(3) organization and as part of our commitment to transparency, Foundation records such as the annual audit, the IRS Form 990, investment policies, managers and fees are readily available. An independent public accounting firm, Plante & Moran, PLLC, prepares our financial statement as part of the Foundation’s annual audit. Interested parties may access the full audit and 990 financial information below or on the Guidestar website. Guidestar is an organization that gathers and publicizes non-profit organization data to help donors make informed giving decisions.
CFHZ Investment Management
The majority of charitable assets under management by CFHZ are invested in our main investment pool. The main pool is a highly diversified portfolio pooled with more than 600 funds and houses our Community’s Endowment assets.
CFHZ Board of Trustees has ultimate responsibility for the investment portfolio and delegates responsibility to its Investment Committee for implementing and monitoring the investment policy.
The Foundation has adopted a long-term target asset allocation intended to meet with investment objectives of the fund over time. This allocation includes traditional strategies (US and Foreign equities and fixed income), Private Equity, and Flexible Capital which includes alternative and real asset strategies (hedge, real estate, energy). Use of these strategies is common among endowment and foundation portfolios today.
Long Term Target Allocation
The 1-year return on the Foundation’s investment portfolio as of June 30, 2021 is 30.7%. The average annual return for the 3-year period is 11.4%, 5-year period is 11.3%, 7-year period is 7.5%, and 10-year period is 7.4%.
CFHZ Historic Investment Returns
In addition to the main investment pool, non-endowed fund holders may recommend the following investment options for the assets held in their charitable fund: