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OUR FINANCIAL PICTURE

Investment Management
Effective stewardship of philanthropic assets is key to York County Community Foundation's ability to fulfill its mission of building permanent charitable funds to strengthen the York County Community. Our investment goal is to preserve and enhance the real value of these assets over time.

The Community Foundation maintains well-diversified portfolios which are invested for total return. Under the guidance of the Investment Committee, and subject to a Board approved Investment Policy, our funds are prudently invested in diversified asset classes that produce funds for grantmaking, while striving for preservation of principal and asset growth. The Foundation engages Fund Evaluation Group (Cincinnati, Ohio) and Mason Investment Advisory Services (Reston, Virginia) to manage the assets of our investment portfolios.

Core Portfolio latest results

Community Foundation Investment Policy

Spending Policy
Spending policy is a formula to determine the annual charitable payout from a fund that is based on a designated percentage of the average fair market value of the fund's investments. The Foundation's current spending is 4.5% of the fund's value, and is designed to allow grants to be made from the fund during the donor's lifetime as well as in perpetuity. Investment return in excess of the spending policy is retained in the fund to provide growth of principal.

Endowments and Spending Policy

Spending Policy Fact Sheet

Audit
The Community Foundation is directed by an Audit Committee, which assists the Board in fulfilling its oversight responsibilities to its constituents relating to the Foundation's financial, operational and compliance information. They are responsible to oversee the financial reporting process and annual independent audit on behalf of the Board and report results of their activities to the Board.

The Community Foundation is audited by Reinsel Kuntz Lesher, LLP.

Latest audited financial statements
2009 990 Public Disclosure