The Fort Scott Area Community Foundation has been created, organized, and funded as a publicly supported, regional community foundation responsible for building, managing, growing, and using permanent philanthropic endowment and current giving for charitable purposes. As an affiliate of both the Community Foundation of Southeast Kansas and the Greater Kansas City Community Foundation, the Greater Kansas City Community Foundation manages FSACF funds.
The Fort Scott Area Community Foundation’s investment philosophy reflects three fiscal objectives:
1. Preserve Capital
2. Earn competitive total returns within risk tolerances established by the Fort Scott Area Community Foundation
3. Preserve purchasing power by striving for long-term returns, which either match or exceed the annual grant distribution requirement, fees and inflation
To achieve these objectives, the Fort Scott Area Community Foundation’s investment strategy consists of three diversified investment pools: money market, fixed income and equity.
The Fort Scott Area Community Foundation charges 1% of the average market value of the fund assets as the annual administrative fee. Scholarship funds are charged a 2% fee. Additional fees for direct expenses incurred on behalf of individual funds, such as commissions for the sale of contributed stock, could apply.
Like this? Please share it!