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Tab 12: Evidence of Investment Performance Review

The community foundation submits evidence of reviews of investment performance and of managers and indicates the frequency of those reviews.

Material Changes: For the purposes of reconfirmation, a material change is any change in the policy which substantially changes who reviews investment performance and managers or the frequency and regularity of review in a manner which impacts the sound oversight and transparency of the organization’s investment and spending policies.

For more information, review Core materials, FAQs and a glossary of important terms

Related Standards

IV. Stewardship and Accountability
IV.A A community foundation is a steward of charitable funds, investing and prudently managing funds and maintaining accurate financial records.

View all National Standards

Key Elements

Who reviews investment performance and managers

The frequency and regularity of review

Evidence of recent review

Core Materials
FAQs
Glossary

Suggested Documents

Board or committee minutes

What kind of information should I supply to meet compliance for investment performance?

You may provide board or committee minutes with highlighted sections indicating who reviews investment performance and investment managers, the frequency and regularity of the reviews, and evidence of the most recent review.

Investment manager
An advisor who manages the investments of others. In general, a manager with more than $25 million must register with the Securities and Exchange Commission (SEC).

Reconfirming?

Review all key elements and consider if your organization has made changes to your policies, powers or practices.

Pay special attention to key elements and core materials marked with and a . These represent minimum requirements for reconfirmation as well as Pension Protection Act requirements. Items marked with a are particularly critical for those who submitted record books prior to January 2007.