Contact      Home

Financial Info

- NEWS -

CCCF Welcomes New Executive Director

Focus Centre County Update

WE'VE MOVED- Come Visit Us

CCCF 3rd Quarter 2007 Grant Awards

25th Anniversary Report to the Community Now Available

Charitable IRA Rollover - Check It Out

Financial Report

The investments of the Foundation are administered by the Investment Committee and the Board of Directors, which has ultimate responsibility for all decisions.

The Investment Committee recommends specific investment policy and is responsible for guiding, monitoring and implementing the policy and reporting performance results. Presently the Foundation has working arrangements for financial management with Omega Bank, M&T Investment Group, Mellon, Merrill Lynch, Nestlerode & Loy, PNC Advisors, American Express Financial Advisors, Smith Barney/Legg Mason and Weinken & Associates.

The assets of the Foundation are deployed in a variety of investments in accordance with the Investment Policy. We seek to hold 65 to 75 percent of our assets in equity securities or equity-based mutual funds and 25 to 35 percent in fixed-income instruments such as long-term bonds, debt-based mutual funds and temporary cash investments. Overall, the portfolio is invested for capital appreciation.

The Foundation is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as a publicly supported organization described in Section 501 (c)(3). It is also exempt from state taxes and is registered with the Pennsylvania Bureau of Charitable Organizations. All gifts are accepted subject to the Foundation’s Articles of Incorporations, By-Laws and policies.

Copies of the annual audit report, IRS form 990 and Investment Policy are available at the Foundation offices located at 2601 Gateway Dr, Suite 175, State College, Pennsylvania 16803. Or contact us at 814-237-6229 or info@centrecountycf.org

P.O. Box 648, State College, PA 16804 ● 814-237-6229 ● fax: 814-237-2624

The official registration and financial information of Centre County Community Foundation may be obtained from the Pennsylvania Department of State by calling toll free, within Pennsylvania, 800-732-0999. Registration does not imply endorsement.