12: Evidence of Investment Performance Review

Confirming
Reconfirming

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

Key Elements 
  1. Who reviews investment performance and managers
  2. The frequency and regularity of review
  3. Evidence of recent review

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. If you have had material changes, you will need to resubmit any documentation related to material changes. Review all key elements for this requirement by clicking the "confirming" toggle in the upper left corner of this page.

Core Materials 

Suggested Documents

  • Board or committee minutes
No documents required for reconfirmation.
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.