Deadline Extended to May 25:
Enhanced Investment Pool Offerings
Foundation For The Carolinas and our investment consultant, Mercer, are excited to announce enhancements to our investment platform effective June 1, 2018.
To best position your portfolio to for sustained future giving, our Investment Committee will incorporate private equity and other long-term investments into our long-term pool. The newly enhanced Diversified Long-Term Growth pool will be available to both non-endowed and endowed funds.
The nature of these additional asset classes affects the liquidity of your funds. As a result, non-endowed funds invested in the Diversified Long-Term Growth pool will be subject to liquidity restrictions if you request more than 80% of the fund balance. In those cases, funds will be available on the following schedule:
|Fund Balance||Liquidation Terms|
|< $1 million||Funds will be available for distribution 90 days after request|
|$1 - 5 million||First 80% will be available immediately. Balance will be available for distribution 1 year after request|
|< $5 million||Contact relationship manager|
To be included in the new Diversified Long-Term Growth Pool:
- Nonprofit fundholders: Complete and return the Agency Fund Investment Recommendation Form by May 25, 2018 to firstname.lastname@example.org.
- Personal & Corporate fundholders: Complete and return the Gift Fund Recommendation Form by May 25, 2018 to email@example.com.
If we do not hear from you, your funds will automatically transition into the Active Long-Term Growth (currently known as Moderate Growth) pool, which is fully liquid and does not require special liquidity terms. Going forward, you will have the opportunity to change your investment preference twice annually.
You can view your fund's current investment strategy on your most recent fund statement.
For questions, please contact Greg Beuris at firstname.lastname@example.org or 704.973.4522.