DAF Investment Performance
View the recent investment performance report for our non-endowed donor advised fund investment strategies:
DAF
Investment Options
Learn about the five investment strategies available to non-endowed DAF donors
INVESTMENT MANAGEMENT
The endowment pool is managed with a long-term perspective where principal is preserved and enhanced over time. Total return, consistent with prudent investment management, is the primary goal.
Funds invested in the endowment pool are subject to a spending plan that makes a percentage of the fund’s average market value available for grants each year.
The current target asset allocation of the Community Foundation’s endowment pool is as follows:
INVESTMENT COMMITTEE
The Community Foundation’s Investment Committee is responsible for the oversight of all investments, including determining asset allocation, selecting and monitoring investment managers, and reviewing performance. In doing so, the committee works closely with its consultant, FEG.
Christopher L. Rizik, Investment Committee Chair , and CEO, Renaissance Venture Capital Fund
Thomas C. Buhl, Senior Vice President – Investments, Wells Fargo Advisors
Angela J. Buk, Vice President, Benefit Funds Investment, 3M
Phillip Wm. Fisher, Founder, Mission Throttle L3C
Daniel Feder, Senior Managing Director of Investments, University of Michigan
Nick Khouri, Former Treasurer, State of Michigan
Jeffrey C. Littmann, Life Trustee, Ralph C. Wilson, Jr. Foundation
Jack Martin, Chairman, Martin, Arrington, Desai & Meyers PC
David T. Provost, CEO, TCF Financial Corp.
David Sowerby, Managing Director, Portfolio Manager, Ancora
Sean K. Werdlow, Senior Managing Director and COO, Siebert Cisneros Shank & Co LLC
Ken Whipple, Former CEO and Chairman, Consumers Energy
DONOR ADVISED FUND INVESTMENT OPTIONS
Donor advised funds can be endowed or non-endowed. Endowed donor advised funds are invested in the endowment pool and enable donors to leave a permanent legacy while actively participating in recommending grants to be made from the fund annually.
Non-endowed donor advised fund donors may recommend one of five investment strategies:
- Money Market
- Conservative
- Balanced
- Growth
- All Equity
Each is based on the degree of market risk and rate of return consistent with the timing of the grants the donor plans to recommend. Download the Donor Advised Fund Investment Strategies Handout for more information about the five investment strategies available by clicking here.
The most recent quarterly investment performance for our non-endowed investment strategies can be found by viewing our Latest Non-Endowed Donor Advised Fund Performance.
TAX-EXEMPT STATUS
The Community Foundation for Southeast Michigan is a tax-exempt public charity. Our federal EIN/tax identification number is 38-2530980. To view our tax exemption letter from the IRS, please click here.
AUDITED FINANCIAL STATEMENTS
The Community Foundation for Southeast Michigan annually appoints an independent auditor to conduct an audit of the combined financial statements of the Foundation and supporting organizations.
Download our most recent audited financial statements for more information.
FORM 990
Our tax returns (IRS Form 990 and Form 990-T) are available for public inspection at the Community Foundation for Southeast Michigan, 333 W. Fort St., Suite 2010, Detroit, MI, or you can view the Form 990 on Guidestar.