The board members of the Freeport Community Foundation take their role as stewards of the Foundation’s funds very seriously. We are proud of our success in striking a balance between the desire to increase our assets while also addressing the needs of the community through grants.
The Freeport Community Foundation’s assets are managed by a local wealth management service in accordance with an investment policy approved by the Board of Directors.
Freeport Community Foundation’s investment policy is structured to maximize the inflation adjusted total return of the portfolio, while minimizing risk through broad diversification of asset classes. Attached is the Foundation’s most recent Stewardship Summary.
As our funds grow, so does our ability to respond to community needs, as evidenced by the fact that in 2012 the Freeport Community Foundation awarded $52,978 to 14 agencies. Since 2007, we have granted $507,038, or an average of $84,506 per year for the past 6 years. We have made 129 grants in that 6-year period.