By The NumbersFinancial and Investment Overview
Managing Investments for Community Good
Investing the charitable dollars that you entrust to us is an important part of our work. We use long-term investment strategies to ensure that your giving will go further in our community. We also aim to provide clear, transparent information about our financial position, investment management, performance and fees.
Placer Community Foundation manages charitable funds for growth over time. Contact us if you have questions or would like to discuss any element of the following.
Placer Community Foundation has been accredited with National Standards for U.S. Community Foundations® — the highest standards for philanthropic excellence.
We work to support the causes our community cares about. National Standards says that we meet the most rigorous standards in philanthropy and is a promise to our community that we’ll continue to do this good work together, right here in Placer County.
National Standards is not mandatory. PCF chose to go above and beyond by affirming our commitment to excellence and accountability. Our accreditation provides assurance that we have sound policies and practices in place. In short, it means we meet the highest standards for local giving.
To receive accreditation with National Standards, Placer Community Foundation submitted our policies and procedures to a rigorous review of 41 National Standards in six key areas of community foundation operations, including donor services, investment management, grantmaking and administration.
Our financials are audited annually by an independent certified public accounting firm. Tax returns are available upon request.
Sound Financial Management
Placer Community Foundation manages philanthropic capital to provide the highest level of earnings and benefit — to our donors and to the causes they support. As an authorized public charity, PCF makes financial reporting and investment practices available to the public.
Investment management of Charitable Funds
When you make a tax deductible contribution to establish a charitable giving account with Placer Community Foundation, you have a choice of having PCF manage the monies in your fund, or have your financial advisor retain management of your charitable assets at their institution through our Financial Advisor Program.
Funds managed by the foundation are overseen by the finance and investment committee and the board of directors. Each of our experienced committee members serves without compensation. They safeguard our assets by establishing comprehensive investment policies, choosing investment consultants, selecting money managers, establishing benchmarks and evaluating investment performance.
Our fund holders receive quarterly statements detailing the balance of their short-termed or endowed funds, including contributions, grants and investment activity for the fiscal year-to-date. The Foundation’s fiscal year is January 1 to December 31.
A copy of our most recent long-term/endowment portfolio can be found here. A copy of our most recent ESG portfolio can be found here.
To support our careful stewardship of charitable assets, we charge administrative fees on a quarterly basis. Please contact us for questions about our fees.