Effective stewardship of philanthropic assets is key to Berks County Community Foundation’s ability to fulfill its mission of promoting philanthropy and improving the quality of life for the residents of Berks County. Our investment goal: to enhance the real value of these assets over time.
Berks County Community Foundation administers 360 charitable funds. As of the end of June 2019, the Community Foundation had assets of $91.7 million and had awarded $59.1 million in grants and scholarships.
The Community Foundation maintains well-diversified portfolios which are invested for total return. Under the guidance of the Investment Committee, and subject to a Board-approved Investment Policy, our funds are prudently invested in diversified portfolios that produce funds for grantmaking, while providing for asset growth and security of principal.
The foundation engages Fund Evaluation Group (FEG) as independent consultants. FEG advises the Investment Committee on investment policy and asset allocation for the Community Foundation. FEG also advises on manager selection and performance review of our Core Portfolio, our primary investment pool. Wilmington Trust is custodian for the Core Portfolio. The Foundation also maintains investment pools managed by Buckingham Strategic Wealth, RKL Wealth Management, and Weik Capital Management.