Investment philosophy & performance
The Community Foundation of Greater Memphis functions both as a fiduciary and a charitable organization. With approximately $410 million in charitable assets, we have an obligation to manage those assets responsibly to ensure that we have resources to meet community needs for decades to come.
We offer four primary investment pools for charitable assets. Donors may recommend the pool that fits best with their charitable plans. Each pool is professionally managed with oversight provided by the Foundation's Investment Committee and investment consultant Gerber/Taylor Associates, Inc.
Cash equivalent pool
The Cash Equivalent Pool is a money market fund managed by Highland Capital Management Corp.
Fixed income pool
The fixed-income pool is an intermediate-term bond fund invested in primarily high-grade corporate bonds, U.S. Government and U.S. Government Agency bonds. The fund is managed by Metropolitan West Asset Management through the Metropolitan West Total Return Bond Fund (MWTIX), Pacific Investment Management Company through the PIMCO Short Term Fund (PTSHX) and the Vanguard Total Bond Market Index (VBTIX).
The Balanced Pool is invested in approximately 57 percent equities, 25 percent fixed income securities and cash equivalents, 10 percent alternative investments and 8 percent real assets. Click here for details.
The Equity Pool is invested in approximately 38 percent large-cap U.S. equities, 9 percent small- and mid-cap U.S. equities, 33 percent international equities, and 20 percent hedged equities. Click here for details.
Click here for the most recent quarterly investment returns.