We are entrusted with people's hopes, dreams, and financial resources in perpetuity. We manage them in ways that uphold that trust and exceed expectations while remaining cost effective.

Our Financials
 

Asset Allocation

CFCV's asset allocation is outlined in our Investment Policy Statement. The Finance Committee of CFCV's Board of Directors is responsible for oversight of all financial activities of the Foundation. Investments are also given constant stewardship by the larger Board of Trustees and professional staff.

Our Investment Policy

Endowed funds established with CFCV are held in perpetuity and are given constant stewardship by the Board of Trustees, Finance and Investment Committee and professional staff to ensure that their intended purposes are carried out within a constantly changing community.

These assets are intended to support an ever-broadening array of activities that assure the future mission of the Community Foundation of the Chattahoochee Valley, its subsidiaries and affiliated organizations. The funds are permanent funds with disciplined longer-term investment objectives and strategies that will accommodate relevant, reasonable, or probable events.

Our Spending Policy

CFCV currently recommends a spending policy of 4.25 percent of the average of the fund balance over the past 12 quarters, or such shorter time as may be available. According to available research and based on long-term market performance, the spendable amount is historically the amount that most permanent endowments can distribute annually and maintain principal value in real dollars. This preserves the “philanthropic power” of endowment dollars by protecting the fund’s value against inflation and year-to-year fluctuations in the investment market. The full spending policy is attached below.

Financials & Documents

Investment Performance (PDF)
The most recent quarterly performance of the Main Investment Pool

Most Recent IRS Form 990 (PDF)
See our annual report on our activities. Previous years available upon request.

Most Recent Audit (PDF)
See our most recent financial statements. Previous years available upon request.

Spending Policy (PDF)
See the details of our spending policy

Governance
 

A Certified 501(c)(3)

CFCV is a nonprofit charitable organization dedicated to strengthening our diverse community for both present and future generations.

Original IRS Determination Letter (PDF)
Confirmation of our own charitable status

Recognized by National Standards for U.S. Community Foundations

In 2005, CFCV became among the first 150 community foundations to be recognized for having organizational and financial practices that are in accordance with the National Standards for U.S. Community Foundations®—the highest standards for philanthropic excellence.

National Standards is not mandatory. We choose to go above and beyond by affirming our commitment to excellence and accountability. Our accreditation provides assurance that we have sound policies and practices in place. In short, it means we meet the highest standards for local giving.

To receive our recent accreditation with National Standards in April 2018, CFCV submitted our policies and procedures to a rigorous review of 41 National Standards in six key areas of community foundation operations, including donor services, investment management, grantmaking and administration.

The National Standards for U.S. Community Foundations® program was established in 2000 in cooperation with the Council on Foundations. For more information about National Standards, visit www.cfstandards.org.