The Charlottesville Area Community Foundation is pleased to announce a new partnership with the investment advisory firm, FEG Investment Advisors. It is best practice to revisit Outsourced Chief Investment Officer (OCIO) relationships, and through a competitive and thorough RFP process, the foundation’s Investment Committee has chosen FEG to serve as the Community Foundation’s OCIO. While the Foundation’s Investment Committee leads our investment strategy, FEG will provide daily oversight to portfolios in alignment with our strategic direction, and offer an additional layer of investment expertise and decision-making.
We are thrilled about this transition and look forward to introducing a new and improved investing experience!
Introduction to FEG
FEG is a 100% employee-owned, full-service investment advisory firm with more than 35 years experience and $82 billion in assets under advisement. FEG specializes in working with nonprofits and community foundations, granting them a deep understanding of the needs of the foundation and its donors, and in turn providing us with access to peer insights from a network of community foundations nationwide.
What to Expect
Our goal for this transition is to maintain strong financial return and to increase our capacity to offer a more customizable experience for fundholders. Our new partnership with FEG allows us to engage with a mission and values aligned firm that can achieve competitive return and provide socially responsible investment options, diverse manager pools, and dedicated staff for special investment projects.
We will be working closely with FEG and with our fundholder community in the coming months to outline offerings that most respond to fund holder interests and investment priorities.
Next Steps
Over the course of January, the Community Foundation’s assets will be transitioning to FEG from our previous OCIO provider. We do not expect any disruptions to normal business operations or service during this time. As part of the new relationship with FEG, we have updated how fundholders transfer securities to the foundation, which is effective immediately.
The new stock gift instructions can be found here.
We value the trust fundholders have placed with the foundation to meet their philanthropic goals. We will follow up with an invitation for fundholders to participate in a discovery survey to help shape our new investment offerings. There will also be an opportunity to meet the FEG team at an in-person Investment Update in the spring where fundholders can learn more about our investment strategy and provide further feedback.
We are committed to ensuring a smooth transition for our fundholders and will follow up in the coming months with more updates. Please do not hesitate to reach out to your Relationship Manager for any questions you may have or send an email to info@cacfonline.org.