Release of legally required public information about CREATE will be made when an individual specifically requests that information in person or in writing. CREATE Forms 990 are available through the link at the bottom of this page.
CREATE Foundation preserves and protects your investments and charitable intentions forever. The unique power of endowments means that as your gifts grow, they continue to benefit the community now and in the future. In order to accomplish this, the majority of CREATE Foundations endowed funds are pooled together and invested for the long-term. The following provides a brief explanation about CREATE Foundations investment pool which includes investment strategy, asset allocation, investment funds, investment objective, spending policy, and investment performance.
CREATE Foundations investment strategy seeks to preserve the value of the funds under management and to provide growth and income to support the charitable purposes for which the funds were created. This strategy is based on the Total Return concept, which allows investment managers to focus on maximum total return from capital appreciation, dividends and interest.
As seen in the tables below, CREATE Foundation has established a strategic asset allocation which seeks to diversify investments. A large portion of CREATE Foundations endowment portfolio is invested in equities in order to achieve long term growth, and it is diversified among equity classes in order to minimize risk. Risk is further minimized by investing a portion of CREATE Foundations portfolio in fixed income, alternatives, and cash.
|Equity (Stocks) Target||59.23%|
|Fixed Income (Bonds) Target ||26.41%|
Investment Consultant and Mutual Funds:
The Endowment Fund is actively managed by using an asset allocation investment portfolio consisting of equity mutual funds, one fixed income mutual fund, one money market mutual fund, and individual fixed income securities. A list of the mutual funds that comprise the asset allocation investment portfolio is provided below.
- Investment Consultant: Hardy Reed Investment Advisors, LLC Tupelo, MS
- Custodian: Fidelity Investments
CREATE Foundation has established an investment objective of a return equal to or greater than 5% more than the rate of inflation as measured by the CPI.
Spending Rate Policy:
The current spending rate policy provides an annual distribution of 4% of the calendar year-end market value.
Investment Performance of the Endowment Fund:
Quarter to Date
Last Year Net Return
|Last 3 Years Net Return |
CREATE Foundation Consolidated Report
|8.34% || 2.40%|| 18.24%|
Custom Blended Index (Benchmark)
| 8.26%|| 2.35%|| 19.13%|
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