Foundations

Private endowments, foundations and public charities (such as community foundations) are Stewards and they strive to implement the best fiduciary practices in order to respect their philanthropic origin. By hiring a CEFEX-certified Investment Advisory firm, this kind of Steward is fulfilling its due diligence obligation when engaging a service provider. The best Stewards will want to hire CEFEX Advisory firms to ensure that assets are managed prudently and in the best interests of donors and beneficiaries.