Alliance Manager Program
Our Alliance Manager Program increases the flexibility and availability for more investment managers to participate in our Community Foundation work. Our primary mechanism for investing endowed funds is to pool all of the funds together. We then approach investment managers with specific goals to work at exceeding standard benchmarks across a diversified spectrum of the market.
The Alliance Manager Program allows donors to recommend an Investment Manager to work with the Community Foundation in an allied agreement that fulfills the standards for endowment investing and provides for fiscal oversight by the Community Foundation. This policy requires both the Community Foundation to extend itself to multiple financial institutional processes and the Professional Investment Managers to extend themselves to serve the community’s charitable interest in smaller increments than they may normally take on as an institutional client. We are grateful for those investment groups willing to take on this Alliance relationship that will improve access to local financial expertise by our donors and increase the opportunities to participate in philanthropy with local resources.
Any qualified Professional Investment Manager can be recommended by a donor for this project when there is an aggregate minimum of $250,000 available to be placed with the recommended Manager. Current Alliance Managers who participate in the program include: Edward Jones, First Citizens, Merrill Lynch, SunTrust, and Dixon Hughes Wealth Advisors LLC.
Click to view the Alliance Manager Policy.
Click to view the Investment Policy Statement.
For more information, please contact Rachel Whitmire, Bookkeeper, at 828-697-6224.
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