The Greater Cedar Rapids Community Foundation has a balanced approach to investing. The nine-member Investment Committee of the GCRCF board works closely with staff and a professional management consultant.
Contributions made to The Greater Cedar Rapids Community Foundation are pooled for investment purposes. There are approximately 300 component funds in the combined Endowment Pool, and a system of unitization, much like a mutual fund, allocates total return to each component fund. These component funds represent a collection of the interests of individual donors and agencies who have united to increase the effectiveness and assure the future of charitable giving.
One of the advantages of pooling funds is that it permits greater diversification of investments than would be possible for single funds. This, in turn, provides for greater opportunities without increasing risk.
For more information about GCRCF’s investments, including asset allocation, click here.
As of Dec. 31, 2008, the total assets of the Greater Cedar Rapids Community Foundation were $78.6 million.
As of Dec.31, 2008, the GCRCF endowment pool investment return was –32.3%. The three-year return was -4.7%; the five-year return was 2.2%. The return since inception (1/94) is 6.7%.
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