We build charitable assets.
Work with Sioux Falls Area Community Foundation
Advisors love us because we help their clients with charitable giving. Our development staff is ready to partner with you to meet your clients' goals. We have a fund for every interest.
We encourage advisors to attend briefing breakfasts held twice yearly. If you don't receive an invitation and would like to attend a briefing breakfast, contact us to get your name on our list.
Investment Management
Thanks to the expert advice and oversight of an investment committee composed of financial services professionals from local banks, brokerages, and accounting firms, Sioux Falls Area Community Foundation's investment strategy and asset allocation have grown more sophisticated over time. Twenty years ago, endowment assets were invested in money market funds. Today, our primary investment account holds up to 60 percent in domestic and overseas equities, 25 percent in fixed income, and 15 percent in other assets.
Permanent endowments are pooled and invested to generate long-term asset growth. The long-term investment pool has produced an average return of 9.1 percent over the past fifteen years.
In 2005, SFACF's board of directors created a six-person investment management team that makes timely, tactical adjustments to its portfolio. The management team, which consists of three board members and three independent advisors, meets monthly to analyze market conditions and adjust SFACF holdings as needed.
Special trustees are appointed to manage the assets held in charitable remainder or charitable lead trusts.
Fees
SFACF's Board of Directors sets fees based on the cost of administering and investing its component funds. Currently, on unrestricted, donor-advised, and scholarship endowments valued at less than $1 million SFACF assesses:
- an annual administrative fee of one percent of the fund balance, taken quarterly. This fee drops to 0.5 percent annually on fund balances that exceed $1 million and may be negotiable under other unusual circumstances.
- an annual investment fee of 0.25 percent or less of the fund balance, taken monthly.
Organizations with endowments at SFACF pay an annual administration fee of 0.75 percent and an annual investment fee of 0.25 percent or less.
On nonpermanent funds, SFACF:
- collects a one-half of one percent fee for each gift made to the fund.
- retains any interest earned on the fund's assets.
Because each fund is unique, other special guidelines may apply. When appropriate, SFACF assesses individual funds to cover the cost of transactions directly related to gift liquidation, such as the sale of stock or real estate, or of producing special promotional materials, such as grant applications.