At Central Florida Foundation, we measure our success through the growth of the charitable assets we hold and the impact of the grants we make. Our success is a direct result of the generosity of community philanthropists who have placed their trust in the Foundation’s ability to be good stewards of their charitable legacy.

The 2020 Audited Financial Statements are presented for convenience and information purposes only, and while reasonable efforts have been made to ensure the integrity of such information, they should not be relied on. A copy of the printed financial statements will be provided on request. The Foundation will post form 990-T if required to file.


INVESTMENT COMMITTEE

The Foundation’s Board of Directors and its Investment Committee oversee the independent investment consultant and the investment managers. The Board’s responsibilities include establishing the investment policies of the Foundation, setting asset allocation policies and ranges, while the Investment Committee is responsible for reviewing investment performance, and selecting and changing investment managers, as needed. The Investment Committee is composed of Board members, as well as community members, who have significant investment knowledge and expertise.

INVESTMENT COMMITTEE MEMBERS:

  • Giti Khalsa, Chair
    Pace Wealth Advisors
  • Shari Costantini
    Avant Healthcare
  • Mark Abramson
    UBS Financial Services
  • Keiyau Sin
    Engagement International (U.S)
  • Mark Brewer
    President/CEO
  • Rob Thomson, II, CPA
    Trivergent Trust Company

    Khalid Yasin
    PFM Asset Management

 

 


SPENDING POLICY

The annual amount available from a fund is currently 3.8 percent of the fund’s average market value of invested assets over the preceding 20 quarters. A fund must be invested for at least 12 months before it can distribute. If the fund has been invested for at least 4 quarters but not 20 quarters at the time of the valuation date, the calculation shall be based on all quarters for which market value information is available. The Board of Directors reviews the spending policy annually.