Organization Funds are for nonprofits that wish to have a portion of their charitable assets managed according to a long-term investment model alongside and established for The Community Foundation for Greater New Haven Inc’s (The Corporation) own endowment. A charitable organization can participate in this commingled fund by entering into an investment management agreement, which identifies the nonprofit as the owner of the charitable assets. This is just one of the ways The Community Foundation demonstrates its on-going efforts to strengthen the nonprofit sector in our region.
Nonprofit organizations can have the comfort of knowing that their endowment-like assets are managed according to the highest industry standards and best practices, with the added assurance that the Corporation is a registered investment adviser under the Connecticut Uniform Securities Act. As a registered investment adviser, The Corporation is regulated by The State of Connecticut’s Department of Banking and adheres to its compliance program.
How It Works
- Your organization makes a revocable transfer of endowment-like assets to The Corporation for investment management purposes;
- Your organization has access to a world-class, commingled investment fund;
- Your organization receives distributions from your Organization Fund that coincide with your needs and in the amount determined by you;
- Your organization has access to fund information via Donor Central, including
- Reporting of all transactions
- Fund market valuation, and
- Monthly independently-derived investment performance results;
- Your organization receives annual audited financial statements and monthly financial reporting electronically;
- Your organization can participate in semi-annual investment performance meetings;
To find out more about starting an Organization Fund, please contact A.F. Drew Alden at firstname.lastname@example.org or 203-777-7061.