Investment Policy

Investment Policy Summary

Purpose
The purpose of the Investment Policy is to assist the Board of Directors of the Community Foundation of Davie County in effectively supervising and monitoring its investment activities; and to provide guidance to investment mangers employed to manage its assets on behalf of the Board. It is set forth by the Board in order to advise all concerned of their legal and fiduciary responsibilities and to establish a clear understanding by all involved parties as to the investment goals and objectives of the Foundation.

Finance/Investment Committee:

Joe Harris, Chairman

Slayton Harpe

Don Bowles, CPA

Bill Shelton

Jane Simpson

The Board of Directors empowers the Investment Committee to invest, manage and monitor funds for the benefit of the current and future generations who are the ultimate beneficiaries of the Foundation. The Investment Committee members have a fiduciary responsibility and must develop and adhere to the Investment Policy. The Investment Committee will retain a qualified Investment Consultant (s) to assist in its duties and responsibilities.

Currently investments are managed by The Trust Company of the South

Fees Charged by The Trust Company of the South are discounted by 10% for 2007 and 2008

First $1,000,000 1.0%

$1,000,000 to $3,000,000 .8%

$3,000,000 to $5,000,000 .6%

Over $5,000,000 .3%

Investment Objectives
The primary objective of the investments of the Foundation will be to provide for consistent long-term growth of principal and income without undue exposure to risk. The investment objective is to achieve a total return including appreciation which will satisfy the current financial needs of the various funds, protect and increase their long term inflation adjusted value, and minimize short run volatility.

Click here to see a copy of the entire Investment Policy.