Investment choices within Community Funds, Inc.
Download the 1st Quarter 2025 Performance PDF.
1. Vanguard Federal Money Market Fund
For donors who anticipate substantial payouts in the near term. The money market fund may also be combined with other vehicles to create liquidity.
2. Vanguard LifeStrategy Conservative Growth Fund
For donors who seek a mix of bonds and equities that generates current income. The underlying investment is the Vanguard LifeStrategy Conservative Growth Fund which invests in a combination of fixed-income and equity funds.
3. Vanguard STAR Fund
The STAR fund seeks to provide long-term capital appreciation and income by investing in a balanced allocation of stocks, bonds, and short-term investments. The fund invests in several actively managed Vanguard mutual funds, rather than in individual securities. Similar to the CFI Pool, the STAR fund is most appropriate for donors whose funds have an infinite investment time horizon. Unlike, the CFI Portfolio, the STAR fund offers daily liquidity.
4. Vanguard FTSE Social Index Fund
For donors who seek socially screened investments. The fund tracks the FTSE U.S. Choice Index, a benchmark of large- and mid-capitalization stocks that are screened for social criteria such as workplace issues, environmental issues, product safety, human rights, and corporate responsibility. The index tends toward a growth orientation.
5. Community Funds Investment Pool
Suitable for donors with a longer-term orientation. The pool aims to produce a return which provides for current grantmaking while also ensuring the ability to make future grants. Up to 17% of the pool may be allocated to private investments. This is the most illiquid investment vehicle offered to donors. Transfers in and out of the pool occur only on the first business day of each month.
Investment Committee
Our staff experts are guided by dedicated, seasoned investment professionals who volunteer countless hours as members of our Investment Committee.
