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Finance & Investment

The Middlesex County Community Foundation recognizes its fiduciary and stewardship responsibilities and adheres to principles and standards endorsed by the Council on Foundations and followed by other community foundations. The Foundation's Board of Directors approves all financial policies and activities, and committees of volunteers monitor them monthly and quarterly. The financial statements, accounting policies and controls are audited annually by an independent auditing firm. The Foundation complies with all state and federal reporting requirements. These and other reports are available for viewing at the Foundation offices.

Endowment Management
The Middlesex County Community Foundation endowment is a perpetual fund whose purpose is to provide sufficient funding for current grants, while building the endowment to insure it will meet future community needs. Long term growth is accomplished through new gifts and careful investment stewardship of endowed funds. A committee of volunteers with financial and investment expertise managed the endowed funds under a board-approved investment and distribution policy and report quarterly to the Board of Directors

Administration -- Staffing and Budget
The Middlesex County Community Foundation has a small experienced staff and operates with modest administrative budgets. All financial matters are monitored by committees of volunteers with financial knowledge and experience. Budgets are established and reviewed monthly.