NEWS@

Community Foundation of White County

There’s always something happening at your community foundation – and we’re always delighted to share good news about our wonderful community!

Search
  • Leslie Goss

Slow and Steady...

You remember the story of the tortoise and the hare, right?

In their race, the overly confident hare spends lots of time running around acting silly,

creating and giving into distractions, knowing there’s no way the slow tortoise could ever beat him. The fable’s ending, however, reveals a different truth.

I’m pleased to tell you that your Community Foundation of White County is more the

“slow and steady” sort.

When donors choose to invest in their community’s future through the community

foundation, we honor their commitment with sound investment and disbursement policies

designed to protect their investment for the long term…forever, actually.

CFWC now administers over 100 separate endowment funds created by donors who care

about this community and want to see it grow and thrive, through good times and bad. Through prudent investment policies, these funds will continue to generate annual disbursements to fulfill the donor’s original intent, even long after the donor has died.

Community foundation assets are managed by an astute finance committee at The

Community Foundation of Greater Lafayette (of which we are a grateful affiliate), together with a hired investment firm. A mixed portfolio of investments is designed to stay ahead of inflation, both protect and grow assets over the long-term, and provide for annual disbursements (grants) from donor funds. We do not invest in hedge funds or wildly speculative financial ventures. We are always mindful of our finances, but we do not allow distractions to pull us off course. We’re handling assets generously shared by our donors for benefit of the community, and we always will do everything we can do honor their trust.

Currently, the Foundation’s disbursement rate is 4.50% of a fund’s 3-year trailing

average. This long-term view means that, for example, a 2008-type plunge in the stock market – or the uncertainty now being caused by COVID-19 – doesn’t cancel disbursements from our funds. Though a fund’s 3-year average may go down, a sudden drop in the market does not cancel a fund’s available disbursement, as it could if we only used a 1-year basis.

Conversely, when the market goes way up, we don’t go crazy and increase the

disbursement rate just because there’s more money in the fund. The fund adds the positive

market earnings, increasing the 3-year trailing average base figure, which gradually increases the disbursement grant amount available from the fund.

And so it goes, year after year. Slow and steady. Always honoring our donor’s original

intent and managing their gift in a way that will continue its legacy 25 and 50 years from now.

1 view0 comments

Recent Posts

See All

Exercise Your Mind

“Man’s mind stretched to a new idea never goes back to its original dimensions.” For someone who wants to play it safe, nineteenth century writer Oliver Wendell Holmes might have been a bit too challe

Champion Your Cause

The hoopla of NCAA’s March Madness has subsided. The Big 10 men didn’t shine nearly as brightly as we hoped, and the women’s lights have been dimmed, too, but for those student athletes who spent hour

A Financial Advisor- Your Partner in Success

The day to file your annual financial report with Uncle Sam is just around the corner. For some, it’s the day to write a big check; for others, it may mean a refund. Farmers have already performed thi

  • Facebook - Black Circle

1001 Airport Rd.
Monticello, Indiana 47960

Mailing address:
P.O. Box 1154
Monticello, Indiana 47960

GENERAL

INFORMATION

GIVING INFORMATION

GRANTS &

SCHOLARSHIPS

Community Foundation of White County © 2019 - All Rights Reserved