The Foundation processes, acknowledges and records all gifts, investment returns and grants or scholarships awarded from each endowed fund. To support this service, the Foundation charges 1.65% for Discretionary and Field of Interest funds; 1.5% for Donor Advised and Scholarship funds; and 1% for Designated Funds, of the previous twenty quarters’ average market value as of September 30th.
CFGNB's corporate portfolio is invested with institutional mutual funds, GMO and TIFF
GMO fees total approximately .7%.
TIFF fees vary, based primarily on the degree of out performance achieved by its external managers. TIFF is a taxable, non stock investment company.
CFGNB's Trust portfolio is managed by TD Wealth management. Investment fees total .67%.
For more information about CFGNB's investments, click here.