At Central Florida Foundation, thoughtful stewardship is at the heart of the trust fundholders place in us. We responsibly manage charitable assets with a long-term perspective, helping individuals, families, and organizations give with purpose today while sustaining their philanthropy for the future.
Transparency is an important part of the Foundation's responsibility and mission. Below, you’ll find our audited financial statements, IRS Form 990 filings, and other financial information that provide a clear view of the Foundation’s financial position and stewardship of charitable assets.
The audited financial statements provided on this website are presented for convenience and informational purposes. While reasonable efforts are made to ensure the accuracy and integrity of this information, printed copies of the Foundation’s audited financial statements are available upon request. Central Florida Foundation will also make Form 990-T publicly available if required to file.
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.
The annual amount available from a fund is currently 4.0 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.
