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.
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.
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.
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.
Below is a description and the most recent investment results for each of the Community Foundation’s investment pools.
Endowment/Long-Term Pool
The Endowment/Long-Term Pool is a diversified portfolio designed for capital preservation and long-term growth, aiming to achieve an investment return that sustains charitable grants and foundation operations and keeps pace with inflation.
2025 4Q Investment Report – Endowment/Long-Term Pool
Environmental Social Governance (ESG) Pool
The ESG pool is a diversified portfolio with an investment allocation sensitive to environmental, social, and governance (ESG) issues and that follows socially responsible investment strategies. Like the Endowment/Long-Term Pool, the ESG pool is designed for capital preservation and long-term growth.
2025 4Q Investment Report – ESG Pool
Medium Term Pool
The Medium Term Pool is designed to provide a balanced mix of safety, income, and capital appreciation. This pool is generally suitable for non-endowed funds with an intermediate time horizon of more than five years.
2025 4Q Investment Report – Medium Term Pool
Short Term Pool
The Short-Term Pool is designed to provide stability of principal and is invested in short-term income assets, which can be withdrawn with little or no advance notice.
2025 4Q Investment Report – Short Term Pool
Charitable Gift Annuity (CGA) Pool
The Charitable Gift Annuity Pool (CGA Pool) contains investments for contracts between a donor and the Foundation. The investment objective of this CGA Pool is to provide portfolio growth after distributions.
2025 4Q Investment Report – CGA Pool
Donor and Advisor Partner Program
The Donor and Advisor Partner Program is a customized investment approach that allows donors to work with an investment advisor they know and trust. Donors in the program can contact Heidi Ludwig at hludwig@cfgfw.org for the most recent investment performance report for their fund.
Investment Policy
The Foundation’s Investment Policy serves as the cornerstone of our asset management. It creates accountability by defining the parameters for investment goals, objectives, and constraints. We recognize that the returns on philanthropic funds are essential to maintaining a lasting impact. In our commitment to transparency, we provide regular reports on investment performance on our website.
View information for anyone with questions on how to read their fund statement.
Fund costs and administrative fees for the different types of funds held at the Community Foundation.
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
hludwig@cfgfw.org
You can also contact another member of our Finance and Operations team.