The Nebraska Community Foundation works with community, organizational and donor-advised affiliated funds serving 250 communities located in 80 counties. NCF and its affiliated funds have reinvested $269 million in Nebraska since 1994.
One of the benefits of affiliation with the Nebraska Community Foundation is that we manage investments on a centralized basis, creating economies of scale that would not be available to our affiliated funds individually and freeing up the Fund Advisory Committee to focus on its mission. The NCF Board of Directors sets policy for and oversees the investments and the NCF staff carries out day-to-day management, all consistent with their fiduciary responsibility.
Investment options available for NCF affiliated funds are based on whether the money to be invested is in a “permanently endowed” or a “non-permanent” account within your affiliated fund. The much longer time horizon for an endowment calls for a different investing approach than for a non-permanent account that can be granted in full at any time.
Non-permanent accounts will be held in cash or certificates of deposit in order to provide a high level of liquidity and safety of principal.
The Board of Directors of the Nebraska Community Foundation has adopted an Investment Policy to govern the investment of permanently endowed assets. Permanently endowed accounts are invested in a diversified mix of equities, fixed income securities and cash, in accordance with NCF’s Investment Policy. The focus for investment of endowed assets is to provide funds for grantmaking while preserving the purchasing power of the endowed assets.
Paige Eaves traveled to Wauneta the summer of 2009 to present two checks totaling $100,000 to the Wauneta Community Foundation Fund from the estate of her parents, Cliff and Betty Boyce.
The gift provided enough funding to cover the final construction costs of the new medical clinic and additional equipment purchases. Although Cliff and Betty hadn’t lived in Wauneta for more than 50 years, they always considered it their hometown.Read more →