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.