Investment & Finances

We value integrity, stewardship, and service and work to earn the trust of those we serve by operating ethically and demonstrating respect in all aspects of our work. One of our most important responsibilities is the stewardship of the assets entrusted to us. We know that our donors rely on us to invest their resources responsibly and to use the funds in accordance with their charitable wishes, today and in the future.

The Community Foundation has a commitment to transparency and open reporting. On this page, we offer our public documents. If you have additional questions about our operations, please send us an email.

Articles of Incorporation

IRS Determination Letter

Community Foundation By-laws

The Audit Committee is comprised of accounting professionals whose main responsibility is to review the Community Foundation’s annual audit processes and internal control systems. The Audit Committee provides an open line of communication between the auditors and the board of directors. Committee members also have the power to conduct investigations into the Community Foundation’s internal financial systems, ensuring that the Community Foundation operates with the utmost transparency and fiscal integrity.

Here are our most recent audit reports and relevant documents.

2023 Audit

2022 Audit

2021 Audit

2020 Audit

Whistleblower Policy

In addition to the Audit Committee’s responsibility of ensuring the annual audit process, they are also charged with the responsibility of reviewing the Community Foundation’s annual tax filing, the IRS Form 990.

Here is a helpful  document explaining how to read the Form 990 and our most recent Form 990 filings.

How to Read a 990 Tax Form

2023 – 990 Form

2022 – 990 Form

2021 – 990 Form

2020 – 990 Form

The Community Foundation partners with Mason Investment Advisory Services to provide high quality investment advice and in-depth research for the Investment Committee to make sound investment decisions.

The Investment Committee is comprised of investment professionals whose main responsibility is to oversee the investment portfolio and ensure it is managed prudently. This is accomplished through developing investment policy guidelines with a focus on long-term conservative growth, selecting asset classes and establishing an asset allocation policy aimed at prudence, and evaluating investment performance by comparing investment manager returns relative to their respective benchmarks.

The following are our most recent investment results and relevant documents.

2024 3Q Investment Report

2024 2Q Investment Report

Investment Policy

View information for anyone with questions on how to read their fund statement.

How to Read Your Fund Statement

Fund costs and administrative fees for the different types of funds held at the Community Foundation.

Fund Costs and Administrative Fees

Investment Committee Materials: Access the Investment Committee Portal. Please contact us if you have any issues.

To learn more, please contact:

Heidi Ludwig
Chief Operating Officer
260-969-3305
[email protected]

You can also contact another member of our Finance and Operations team.