With 40 years of experience investing and managing charitable assets for philanthropists across the state, we take great pride in the Arizona Community Foundation's proven track record for securing positive returns.

Investment Policy Statement

The Investment Policy Statement is the guiding document for ACF’s investment program. The IPS outlines our investment beliefs, goals, governance and spending policies. 

 ACF's Investment Policy Statement 

Our investment objective

The primary objective of the Arizona Community Foundation's investment program is to achieve long-term returns net of investment expenses sufficient to meet or exceed annual spending and inflation. These returns allow us to grow assets through capital appreciation, preserve the purchasing power of the asset base, and fund ACF’s grantmaking and operations.

We strive to achieve our objective through the prudent management and oversight of a well-diversified portfolio. The majority of ACF’s assets are housed in our internally managed investment pools or externally managed funds.


Investment Pools

Find information about ACF's investment pools and performance. 


Externally Managed Funds

Learn about our policies and guidelines related to externally managed funds. 


Meet the ACF Investment Committee

The ACF Investment Committee is comprised of experienced investment and business professionals drawn from our Board of Directors and the community. This committee oversees the management of the Arizona Community Foundation’s investment program. 

With support and guidance from ACF’s investment staff and investment consultant, Pavilion, the Investment Committee formulates investment policy, determines asset allocation, and monitors and evaluates investment performance.

Get to know our investment managers

Find a complete list of our current underlying investment managers for ACF's investment pools.

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