Financial and Investment Stewardship
Fairfield County’s Community Foundation is the third largest community foundation in Connecticut with total assets of $258.4 million as of June 2022. Fairfield County’s Community Foundation merged with the Greater Bridgeport Area Foundation in 2008. Our combined history includes over $390 million in grantmaking to nonprofits in Fairfield County and beyond.
Investment Management
The Community Foundation engages NEPC (New England Pension Consultants) to provide independent investment consulting advice to the Investment Committee, monitor investments and make recommendations for changes. Our long-term investment pool is diversified across equities, fixed income, opportunistic, hedged and private investments to provide strong investment results during positive and negative market periods.
Download
- Social Impact Pool – Investment Performance and Asset Allocation Summary, March 2024
- Diversified Portfolio – Investment Performance and Asset Allocation Summary, March 2024
- Diversified Portfolio – Investment Performance and Asset Allocation Summary, December 2023
- Investment Performance and Asset Allocation Summary, September 2023
- Social Impact Pool – Investment Performance and Asset Allocation Summary, June 2023
- Diversified Portfolio – Investment Performance and Asset Allocation Summary, June 2023
- Social Impact Pool – Investment Performance and Asset Allocation Summary, March 2023
- Diversified Portfolio – Investment Performance and Asset Allocation Summary, March 2023
- Social Impact Pool – Investment Performance and Asset Allocation Summary, December 2022
- Diversified Portfolio – Investment Performance and Asset Allocation Summary, December 2022
- Social Impact Pool – Investment Performance and Asset Allocation Summary, December 2021
- Diversified Portfolio – Investment Performance and Asset Allocation Summary, December 2021
Investment committee
Each fund established at the Community Foundation reflects a donor’s trust in our ability to invest resources wisely.
The Investment Committee is responsible for determining the broad allocation of Community Foundation assets among various asset classes, the design of the investment structure for each asset class, the retention of investment managers and other professionals, and the monitoring of investment results.
Investment Committee Members
- Steve Edwards, Chair, CFA, Morgan Stanley
- Kieran Cavanna, Old Farm Partners
- David Harmston, Albourne America
- John Suhler, Veronis Suhler Stevenson
- Young Chang, Potenza Capital, LP
- John Zhang, ROC Global
- Dwain A. Carryl, Bank of America
When you establish a fund at the Community Foundation, you may elect from the following investment options:
- The Long Term Investment Pool
- The Money Market Pool
- The Balanced Index Fund
- The Social Impact Portfolio
- The Investment Advisor Program
Links
- Investment Policy & Guidelines Summary
- Charitable Funds Investment Options
- Spending Policy for Fiscal Year 2024
- Investment Advisor Program
Finance committee
The Community Foundation employs financial controls across our financial and accounting operations to ensure that contributed funds are managed and protected. A Finance Committee of the board oversees Foundation budgets, investment activities and financial planning.
Finance Committee Members:
- Christopher Whitney, Chair
- Ed Ford
- Clay Fowler
- Carolyn Gonzalez
- Christopher Johnson
Audit committee
The Community Foundation’s Audit Committee oversees the annual audit and tax filings, monitors accounting policies and practices, and oversees risk management for the Foundation. The chair of the audit committee oversees our Whistleblower Policy.
Audit Committee Members
- Michelle Garvey, Chair
- Ralph DePanfilis, CPA
- Ed Ford
- Christopher Whitney
- Nate Yorden
Downloads
