Partner with an​
​investment fiduciary

Implement a custom
​investment plan

Build long-term
​financial sustainability

Contact our nonprofit team

Your foundation deserves an investment advisor dedicated to serving your board and its philanthropic journey.

As a foundation dedicated to making a lasting difference through charitable grantmaking, navigating the complex investment landscape is critical. The choices are vast and can often feel overwhelming, leading foundations to settle for investment services that leave much to be desired. This can leave them feeling angry and frustrated, wondering if their endowment is having optimal impact.

Avoid squandering your foundation’s valuable resources on advisors with potential conflicts of interest, who may fail to transparently report on your investments or fully disclose fees. Because at the end of the day, your foundation deserves the same time and attention it shows others.

Contact our Nonprofit Team

Don't settle for the following from an investment advisor:
​

• Lack of reporting and transparency
• Limited-to-no access to your funds
• Never really knowing who is responsible for investment decisions
• Paying high or hidden fees
• Penalties for withdrawals
• Feeling overlooked and underserved

Contact our Nonprofit Team

We have a long history of serving foundations.

Since 1974, Carnegie has been committed to serving nonprofits. Many organizations have turned to us for investment guidance after feeling overlooked and underserved, resulting in frustration and subpar outcomes.

To address this, Carnegie formed a dedicated team to better serve nonprofits. Our approach extends beyond investment management; we partner with your team to provide comprehensive, ongoing financial guidance and development support.

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• Family Foundations
• Corporate Foundations
• Operating Foundations
• Historical Foundations
• Community Foundations
• Private Foundations

Structured to serve,
​not sell​

Carnegie Investment Counsel is a Registered Investment Adviser (RIA) under the Investment Advisers Act of 1940, regulated by the Securities and Exchange Commission. 

Therefore, our seasoned professionals always adhere to the fiduciary standard. We are dedicated to helping you preserve and grow your wealth, while consistently striving to avoid, disclose, or eliminate potential conflicts of interest.

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• 50-year history of serving clients. 
• $4.5 billion in assets under management (as of date).
• 100% fiduciary, always placing our clients’ interests first.
• 100% independently owned and operated with no outside shareholders.
• 100% fee-only structured so when you do better, we do better.
• Use of third-party custodian for added security.
• Unaffiliated with banks or brokerage firms.

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With a Carnegie Advisor,
​your nonprofit can expect:

Investment Policy Statement (IPS) Development

At Carnegie, your Investment Policy Statement (IPS) is the cornerstone of our partnership and a guide for your custom portfolio. We collaborate with key individuals to develop or update your IPS with these steps:

• Understand the nonprofit's mission and objectives
• Assess cashflow needs, risk tolerance, and investment constraints
• Define clear investment objectives and an asset allocation strategy
• Document policies, procedures, and benchmarks
• Gain approval from the board or committee
• Implement and monitor the IPS regularly
• Schedule annual reviews and updates

On-demand, on-going
​performance reporting.

We understand the importance of knowing you’re on track to meeting your nonprofit’s financial goals. Our nonprofit team is committed to delivering timely and accurate updates tailored to your specific needs so you can have greater confidence and peace of mind.

• Daily online account access
• Monthly reporting from the custodian
• Quarterly statements sent by your portfolio manager
• Annual portfolio reviews or by request

Simple fee structure.

It is essential to have a clear understanding of the fees associated with investment management services. At Carnegie, our compensation is solely based on a pre-agreed percentage of assets managed. This transparent compensation model fosters trust and ensures that both your and our interests are aligned.

• We don’t sell commission products
• No one-time setup charges
• No administrative fees from Carnegie
• No reporting fees
• No third-party management fees

Value-added services
​for nonprofit clients

We recognize that your investment plan is just one component of your comprehensive fundraising strategy. Therefore, we offer complementary services designed to enhance your giving and encourage contributions beyond traditional cash donations.

• In-house Nonprofit Development Specialist available to review and discuss fundraising activities to provide ideas and suggestions
• Custom stock donation landing page built to integrate seamlessly into your website to facilitate the acceptance of stock donations
• Stock donation facilitation, documentation, and follow up
• Board, trustee, and donor education around investing for your nonprofit

Contact our Nonprofit Team

Choosing an investment advisor to become a partner with your organization shouldn't be confusing. In this easy guide, we walk you through the essential questions you should ask when evaluating investment advisors.

Here’s what you’ll uncover:  
• Key questions to ask potential advisors 
• How to compare different investment advisors 
• The importance of a personalized investment strategy 
• What additional, value-added services your advisor should offer your nonprofit

Seeking an Investment Advisor for Your Nonprofit Organization and Don’t Know Where to Start?

Download Our Guide: A Nonprofit’s Guide to Finding an Investment Advisor

About Carnegie Investment Counsel

​Carnegie Investment Counsel has an extensive history in investment management, with roots going back to 1974 as a division of Prescott, Ball and Turben. Prescott was one of the largest independent brokerage firms in the country, with offices in Cleveland and New York City. In 1991, Carnegie became its own entity as an independent, employee-owned Registered Investment Adviser (RIA) under the Investment Advisers Act of 1940, where the firm focused on providing unbiased investment management and financial advice for individuals, families, institutions, and nonprofit organizations.

Nonprofit Investment Topics by Carnegie Advisors

How Our ‘Counsel’ and Team Approach Helps Us Make Investment Decisions

The word “counsel” in our name speaks to the expertise we bring to investment management. But how does the Carnegie approach work in practice? How do we synthesize information as a team to help portfolio managers make decisions. Read More.

How to Craft an Investment Policy Statement for Your Nonprofit, Corporation or Yourself

As a portfolio manager at Carnegie Investment Counsel, I am involved with creating portfolios designed to help clients meet their goals. For individuals, corporations or nonprofits, investment policy statements (IPS) are a way to outline goals and objectives. Read more. 

Hiring a Financial Advisor For Your Nonprofit Can Help Make a Greater Impact

Your work is important and valuable. You might even say you are “doing good in the neighborhood!” When you combine your nonprofit mission with strong financial management you can make an even greater impact for those you serve. Read more.