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Investments & Financials

The Community Foundation has grown substantially since its inception in 1968, reflecting the vision and integrity of its leaders and the extraordinary spirit of the people of Richmond and Central Virginia. 

As a long-term investor in the Greater Richmond region, our overall investment strategy is to grow the community's endowment to ensure assets are available to address community needs and opportunities in perpetuity. Our team, guided by an experienced volunteer investment committee, seeks to earn the most efficient rate of return through a variety of investment options. We manage philanthropic assets entrusted to our care according to best practices, and we hold ourselves to rigorous standards to mitigate risk and identify opportunities to add value. 

Investment Options

Fund holders may choose from the following three investment options, each designed to meet a range of philanthropic goals and time horizons. 

Signature Fund

The Signature Fund is the Community Foundation's primary investment pool, designed to produce strong investment returns with lower volatility. It is managed by Spider Management Company, the investment management arm of the University of Richmond.

For details on philosophy and performance, please review the Signature Fund Overview.

Index Pool Options

The index pool options are designed for philanthropists who prefer a passive management investment approach with lower investment management fees. It is comprised of domestic and international equities, as well as fixed income. You may choose one of three asset allocations available through a partnership with Vanguard Institutional Investor Group.

For details on philosophy and performance, please see the Index Pool Options Overview.

Individually Managed Funds

The Individually Managed Fund program at the Community Foundation is available for donors who maintain a charitable fund balance of $1 million or more. This option allows donors to continue their relationships with their trusted financial advisors while benefiting from best-in-class donor and grantmaking services of the Community Foundation.

For more detail, please review the Individually Managed Funds Overview and Policy Statement.

 

Financial Documents

The Foundation is committed to transparency and is pleased to share our most recent audited financial statements and IRS 990 Forms below.

Charitable Fund Fees

The Community Foundation offers a tiered fee schedule. For details, see our Charitable Fund Fee Overview 

Investment Committee

Michael S. Beall, Co-Chair
Thomas G. Snead, Jr., Co-Chair
Stephen M. Goddard
Kirsti A. Goodwin
Lawrence L. Gray
E. Bryson Powell
Richard G. Tilghman
Thomas S. Gayner, Ex-Officio

Finance Committee

Dee Ann Remo, Chair
Thomas C. Chewning
Philip H. Goodpasture
Pamela J. Royal, MD
Robert C. Sledd
Thomas G. Snead, Jr.
Thomas S. Gayner, Ex-Officio