Investments

Your Trusted Investment Partner

FFTC Investment Pools and Performance


Foundation For The Carolinas offers a cost-effective, expertly managed investment platform designed to address the diverse needs and objectives of those we serve. Fund advisors can choose from a number of investment strategies to increase diversification, lower costs and gain access to top-quality managers. Together, we will leverage our expertise and sound financial management to maximize your investment in the community.

Dependable Stewardship

Our Investment Philosophy

FFTC’s Investment Committee believes the most important investment decision is the asset allocation decision. Our approach to asset allocation is based on developing the appropriate mix of investments that address a portfolio's long-term growth while maintaining an acceptable level of risk and protection against inflation.

FFTC Investment Committee

Our offerings are strengthened by the expertise of our Investment Committee, appointed by FFTC’s Board of Directors and comprised of veteran investors and experienced business leaders. The Investment Committee determines asset allocation and monitors market performance with the goal of achieving a return commensurate with the risk of the particular investment portfolio and manager strategy.

Current Investment Committee
 

Kevin Roche, Chair, Civic Leader

Daniele Donahoe, McShane Partners

Barnes W. Hauptfuhrer, Civic Leader

Rod Hoover, Wells Fargo

Arrington Mixon, Civic Leader

Russ Morrison, Barings (retired)

Thomas Nelson, National Gypsum

William Williamson, Civic Leader

 

FFTC Investment Consultant

FFTC retains an Investment Consultant, currently Mercer LLC, specializing in institutional funds management to help guide the Investment Committee. The Investment Committee has delegated the responsibility for selecting, monitoring and terminating investment managers. Mercer is also responsible for reviewing and reporting investment performance across all FFTC standard pools to ensure long-term performance achieves the investment objectives of the different strategies. The consultant also provides support and recommendations concerning capital market conditions, asset allocation and portfolio risk. Mercer is a fiduciary with respect to its investment advisory relationship with FFTC.

FFTC Investment Staff

In addition to the Investment Consultant, FFTC’s internal staff includes investment professionals who further assist the committee in monitoring all aspects of FFTC’s investment portfolios.

Pool Details

Liquid Reserves Pool

The Liquid Reserves Pool is invested in the BlackRock TempFund, one of BlackRock’s Liquidity Funds. The fund seeks as high a level of current income as is consistent with liquidity and stability of principal. TempFund invests in a broad range of U.S. dollar denominated money market instruments.

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Low Duration Fixed Income Pool

The Low Duration Fixed Income Pool is a low-volatility strategy with an objective to preserve capital while generating income. Investments include a variety of fixed income instruments with maturities generally less than five years – approximately three years on average.

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Income & Growth Pool 

The Income & Growth Pool is designed to yield consistent income and dividends while also achieving moderate capital appreciation. The portfolio is allocated 60% fixed income and 40% equity. The equity allocation includes domestic, international developed and emerging market large and small cap equity securities. The fixed income allocation includes short and medium term fixed income securities with an aggregate maturity of six years.

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Active Long-Term Growth Pool

The Active Long-Term Growth Pool seeks long-term capital appreciation without exposure to hedge funds or private equity. Up to 70% of its assets are invested in broad domestic and international large and small-cap stocks in developed and emerging markets. The remaining assets are allocated to fixed income (25%) and real assets (5%).  

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Passive Long-Term Growth Pool

The Passive Long-Term Growth Pool offers a well-diversified investment option using low-cost Exchange Traded Funds. The ETFs provide 75% exposure to global equity markets and 25% exposure to U.S. Fixed Income markets. 

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Diversified Long-Term Growth Pool

The Diversified Long-Term Growth Pool is the model endowment portfolio recommended by FFTC's Investment Committee for donors with long-term investment horizons. This portfolio is broadly diversified, offering domestic and international market exposure while investing in large cap and small cap securities in developed countries and emerging markets. The allocation includes alternative investments, hedge funds and private equity investments to improve the overall risk/return profile of the portfolio.

Due to the illiquid nature of some of the alternative investments, there are liquidity restrictions that will apply on these funds which may affect timing of grant requests. Restrictions on withdrawals apply depending upon the fund balance as follows: less than $1M - available within 90 days; $1M-$5M - 80% available within 90 days, remainder within one year; and greater than $5M - please contact your relationship manager.

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Alliance Manager Program

This program allows donors with a minimum fund balance greater than $250,000  to use an approved investment advisory firm to manage their donor advised fund in lieu of selecting one of FFTC's Standard Investment Pools. The FFTC Investment Committee must review and approve all investment alliance managers. The Alliance Manager Program's Investment Policy Statement outlines investment guidelines and policies, including quarterly reporting requirements and annual portfolio reviews with FFTC staff.

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Current FFTC Approved Investment Alliance Managers

BB&T Wealth

Bank of America Merrill Lynch

Bragg Financial Advisors, Inc.

Brown Advisory

Brown Brothers Harriman

Carolinas Investment Consulting 

Carroll Financial Associates, Inc.

Charles Schwab

Collwick Capital, LLC

Colony Family Offices

F&M Bank

Fifth Third Bank

GreerWalker Wealth Management

MBL Advisors, A McColl Bros. Lockwood Company

Morgan Stanley 

Novare Capital Management

Oppenheimer & Co. 

Piedmont Partners

Sterling Capital Management

Tocqueville Asset Management

U.S. Trust

Vanguard

Veris Wealth Partners

Wells Fargo

For investment information for the Greater Charlotte Cultural Trust, visit the GCCT page.

Foundation For The Carolinas does not provide tax, legal or investment advice. The information contained here is general in nature and is not intended to be a substitute for consulting your legal, tax or investment advisor regarding your particular situation. Any performance data is based on past performance and is no guarantee of future results.

Contact

Greg Beuris photo

GREG BEURIS, CFA

Vice President & Director,

Investment Portfolio Oversight & Reporting

Email Greg

704.973.4522