The Outer Banks Community Foundation manages charitable assets for more than 220 separate charitable funds established by individuals, families, companies, nonprofits, and other entities. Since the organization’s founding in 1982, we have awarded over $13 million in grants and scholarships.
Our commitment to transparency, integrity, and responsible stewardship is unwavering. We take great pride in upholding the highest standards of philanthropic practice. In line with this dedication, our Board of Directors has formally embraced a Donor Bill of Rights, ensuring that every donor is accorded the utmost respect and recognition. We firmly believe in the principles outlined by the Association of Fundraising Professionals (AFP) in safeguarding the rights of donors and honoring their philanthropic intentions.
Furthermore, we also embrace the Ethical Principles set forth by the Council on Foundations, reinforcing our mission to serve the Outer Banks community with utmost accountability and prudence
To make sure we continue to meet our philanthropic goals, our board of directors has developed investment policies and guidelines that provide for prudent asset management. Our finance committee, comprised of board members knowledgeable in the investment field, oversees the investment activities of the Community Foundation, together with one or more independent investment managers. Our investment manager(s) select the individual money managers for each type of investment, and monitor the individual money managers’ efforts on an ongoing basis. The Community Foundation board determines the overall asset balance as needed, and the finance committee reviews the portfolio and investment procedures quarterly. Detailed information on current manager(s) and performance is available upon request.
Outer Banks Community Foundation Investment Policy
EIN: 58-1516313
Leave a Reply
Want to join the discussion?Feel free to contribute!