Carrie Minnich, CPA recently posted “Community Foundation Investments″ for Mission Minded, Dulin, Ward & DeWald, Inc.’s nonprofit blog.
Carrie’s post highlights information specific to the recording of investments with the Community Foundation of Greater Fort Wayne. Although most community foundations are similar, please contact your accountant for details specific to your [organization’s]investment.
Here’s a snippet and link to her post:
Many nonprofit organizations partner with their local community foundation by placing endowment funds with the foundation. A community foundation is able to combine funds from various nonprofits into professionally managed portfolios that allow greater diversification of investments than an individual nonprofit may likely be able to achieve.