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:
Endowment pool investment returns as of September 30, 2024 net of fees:
Period |
Return (%) |
| 3 Months | 4.9 |
| 1 Year | 20.9 |
| 3 Years (annualized) | 4.9 |
| 5 Years (annualized) | 8.4 |
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, NEPC LLC.
Ken Whipple, Investment Committee Chair and Former CEO and Chairman, Consumers Energy
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
Allan D. Gilmour, President Emeritus, Wayne State University
Daniel Feder, Senior Managing Director of Investments, University of Michigan
Jeffrey C. Littmann, Life Trustee, Ralph C. Wilson, Jr. Foundation
Jack Martin, Chairman, Martin, Arrington, Desai & Meyers PC
Nick Khouri, Former Treasurer, State of Michigan
David T. Provost, CEO, TCF Financial Corp.
Christopher L. Rizik, CEO, Renaissance Venture Capital Fund
Sean K. Werdlow, Senior Managing Director and COO, Siebert Cisneros Shank & Co LLC
ENDOWMENT INVESTMENT MANAGERS
Manager Name |
Strategy |
| State Street Global Advisors | Domestic Large Cap Equity, TIPS |
| Fidelity | Domestic Large Cap Equity |
| BlackRock | Domestic Large and Small/Mid Cap Equity, International Developed Large Cap Equity, Diversified Multisector Fixed Income |
| Hardman Johnston | International Developed Large Cap Equity |
| Westwood | International Developed Large Cap Equity |
| Global Alpha | International Developed Small Cap Equity |
| William Blair | Emerging International Small Cap Equity |
| RBC | Emerging International Equity |
| Loomis Sayles | Core Bond Fund |
| Monroe | High Yield/Direct Lending, Private Markets |
| PIMCO | Diversified Multisector Fixed Income, Enhanced Cash |
| CarVal | Opportunistic |
| Arboretum | Private Markets |
| Blue Torch | Private Markets |
| Cevian | Private Markets |
| HarborVest | Private Markets |
| Huron | Private Markets |
| Kennedy Lewis | Private Markets |
| Glouston | Private Markets |
| MGG Specialty Finance | Private Markets |
| Pfingsten | Private Markets |
| Thoma Bravo | Private Markets |
| Trive Capital | Private Markets |
| Vance Street Capital | Private Markets |
| Windjammer | Private Markets |
| Comerica | Cash |
| PNC | Cash |
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 clicking on the link below.
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.