FEG 2026 Community Foundation Survey

2026 COMMUNITY FOUNDATION SURVEY
Thank you for participating in FEG’s proprietary Community Foundation Survey. By completing this survey, you will gain exclusive access to aggregated industry insights and actionable analysis designed to help community foundations learn from sector wide trends and collaborate more effectively.

To complete the survey, please have a rough estimate of your organization's asset allocation and performance as of September 30, 2025. If you are an FEG client, you may leave these sections blank; FEG will add your asset allocation and performance data after you submit the survey.

Once you begin the survey, you can save your progress and continue later. Click the "Save" button at the botton of the screen and enter your email address. An email confirming your progress will be sent to you from Jotform.

The insights you share will be compiled and analyzed in aggregate to shape best practices and inform strategies across the field, fostering a stronger network of shared knowledge. Participants will receive the full report in late June 2026. All responses are kept confidential. There will be no individual participant or institution attribution. Only aggregated results will be shared with participants.

If you would like to download a printable version of the survey, click here. For questions or technical issues, contact Vibhor Garg at vgarg@feg.com
1. Investment Background

This section covers the investment background information.
Organization*
Name*

First NameLast Name
Title
Email*
example@example.com
In what year was your foundation established?
Investable Asset Base of Organization
Please round to the nearest million. For example, if your organization has $550,900,000 in assets, please enter 551.

What percentage of your organization's assets are endowed and what percentage are non-endowed? Please enter as a whole number.

	Percent (%)
Endowed
Non-Endowed

How many investment pools do you offer to your donors?
Example pools include long-term, short-term and values aligned.
Which type of investment pool(s) do you offer your donors? (Select all that apply.)

Long-TermModerateShort-TermValues AlignedResponsive Investing (ESG)Other
How many investment managers are in your primary (long-term) pool? (If you have more than one investment pool, please consider the pool with a long-term time horizon.)
How many full-time equivalent (FTE) employees does your organization have on staff to administer your investment portfolio?

< 11234≥ 5
How do you expect your organization's investment staffing level to change over the next five years?

IncreaseDecreaseRemain the same
What is your current investment service model?

Traditional Consulting / Non-DiscretionaryOutsourced Chief Investment Officer (OCIO) / DiscretionaryHybridNo Consultant or OCIOOther
How do you define your hybrid solution? (Select all that apply.)

Outsource AlternativesOutsource Private InvestmentsOutsource Public InvestmentsOutsource Back Office Support (Trading)Other
Have you changed your service model or service provider in the past three years?

YesNo
What prompted the change?
Do you anticipate changing your service model or service provider in the next three years?

YesNo
What change are you considering?

	Expenses (in basis points)
Investment Managers / Mutual Funds / ETFs
Investment Advisor / Consultant
Custodian

	Fees in % (Must type answers for decimals)
Overall
Donor Advised Funds (Non-Endowed)
Donor Advised Funds (Endowed)
Scholarship Funds
Supporting Organizations
Agency Funds
Endowed Funds
Other Funds

OVERALL
Are you interested in knowing what your peers are thinking about any additional topics? Let us know what you would like to see included next year.
Do you have any other questions or comments?
DISCLOSURES: This survey was prepared by FEG (also known as Fund Evaluation Group, LLC) − an investment adviser registered under the Investment Advisers Act of 1940, as amended – providing non-discretionary and discretionary investment advice to its clients on an individual basis. Registration as an investment adviser does not imply a certain level of skill or training. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. Fund Evaluation Group, LLC, Form ADV Part 2A & 2B can be obtained by written request directed to: Fund Evaluation Group, LLC, 201 East Fifth Street, Suite 1600, Cincinnati, OH 45202 Attention: Compliance Department.

Neither the information nor any opinion expressed in this presentation constitutes an offer, or an invitation to make an offer, to buy or sell any securities. FEG assumes no obligation to update this information, or to advise on further developments relating to it.
Should be Empty:

	Current Allocation	Planned Change
Domestic Equities
International Equities - Developed
International Equities - Emerging
Public Fixed Income
Public Real Assets
Private Investments (e.g., Equity, Real Estate, Debt, Other)
Hedge Funds
Short Term Securities / Cash
Other

	1	2	3	4	5
Active to Passive
Alternatives to Non-Alternatives
Direct to Fund-of-Funds
International to Domestic
Emerging Markets to Domestic

	1	2	3	4	5
Staff
Board
Finance/Investment Committee
Donors

2026 COMMUNITY FOUNDATION SURVEY

1. Investment Background

2. Highlights from 2025

Artificial Intelligence

Gifts & Grants

3. Asset Allocation

4. Spending Policy / Rebalancing

5. Values Aligned Investing

5a. Program Related Investing (PRI)

5b. Mission Related Investing (MRI)

5c. Socially Responsible Investing (SRI) / Environmental, Social, and Governance (ESG) / Responsive Investing (RI)

6. Diversity Initiatives - Diverse Asset Managers

7. Donor Development

Investment Governance

OVERALL