Community Foundation of Acadiana | Schedules & Policies

Fee Schedule

The fee schedule applies to all funds at Community Foundation of Acadiana. Through economies of scale, the Foundation is able to charge minimal fees compared to the cost of establishing and maintaining a private foundation. This fee is used exclusively to support the operating expenses of Community Foundation Acadiana - your investment in a public charity dedicated to making your charitable giving easy, flexible, and rewarding.

To download a copy of the current Fee Schedule, click here.

Investment Policy

The Investment Committee of the Foundation (CFA Investment Committee) is specifically charged with determining and approving investment programs and oversight of the Foundation's investable assets (Investment Portfolio). Aligned with the Foundation's ‘donor-centric' model, the overriding objectives are to provide flexible and cost-effective options that enhance the financial and charitable objectives of the Foundation and its donors. As organized by the Board of Directors of Community Foundation of Acadiana, the CFA Investment Committee is charged with:

establishing an investment policy,
codifying this policy in an Investment Policy Statement (IPS),
determining and approving of investment programs,
evaluating and monitoring the performance of said programs, and
providing oversight of the Foundation's Investment Portfolio.

Additionally, the CFA Investment Committee will:

establish overall financial objectives and set investment policies and criteria for the Foundation's Balanced Growth and Catholic Values Portfolios; and
determine and periodically adjust the allocations for its Catholic Values and Balanced Growth Portfolios (within allocation ranges).

To download a copy of the Investment Policy, click here.

Spending Policies

Non-Endowed Funds
Donors may make distributions of any combination of principal and incomes, assuming sufficient assets remain to cover administrative fees. However, in order to determine actual investment valuation, these distributions are limited to the following:

90% of available amount in the Equity Portfolio;
90% of available amount in the Fixed Income Portfolio;
99% of available amount in the Money Market Portfolio
Investments in the Alternative Investment Pool are subject to a one -year "lockup” whereby those funds cannot be liquidated or otherwise accessed from that pool. After one year has elapsed from the date of investment into the Alternative Investment Pool, the current value of the investment may be liquidated by notifying CFA 65 days in advance of the last day of the month in which the funds are needed.

To download a copy of the Spending Policy for Non-Endowed Funds, click here.

Endowed Funds
Subject to a distribution rate. Annually, the Board of Directors of the Foundation establishes a distribution rate for the following twelve (12) months. This distribution rate is stated as a percentage of the 12-quarter rolling average of each endowed fund. Newly established funds (with fewer than 12 quarters) use the quarterly rolling average from its inception. The distribution rate determines an ‘Available to Grant' amount.

To download a copy of the current Spending Policy for Endowed Funds, click here.