Financials & Investments
Every fund entrusted to MMACF is managed with care, invested strategically, and reported on transparently — so donors and community partners can be confident their generosity is being put to work with integrity
A Long-Term Approach to Stewardship
As a public trust, the M&M Area Community Foundation is committed to being a responsible steward of every charitable gift entrusted to our care. Our investment strategy is guided by a long-term perspective — one that balances the need to grow assets over time with the responsibility to preserve principal and maintain consistent support for grantmaking year after year.
Our investment portfolio is managed in accordance with a formal Investment Policy Statement, developed and maintained by our Investment Committee and updated regularly to reflect current market conditions and community needs. Funds are invested in a diversified mix of equity and fixed income assets, designed to generate sustainable long-term returns while managing risk appropriately.
Our spending policy is structured to ensure that charitable funds — and the impact they generate — endure for generations. By balancing current distributions with long-term growth, MMACF ensures that today’s generosity continues to benefit our community long into the future.
How We Oversee Our Investments
MMACF maintains a multi-tiered system of oversight to ensure the responsible management of our investment portfolio. This structure provides accountability at every level and ensures that investment decisions are made with the long-term interests of donors and the community in mind.
Board of Directors
The MMACF Board of Directors holds ultimate fiduciary responsibility for the Foundation’s assets. The Board approves the Investment Policy Statement, sets the overall strategic direction for the investment program, and provides ongoing oversight of investment performance and management.
Investment Committee
The Investment Committee is a standing committee of the Board responsible for the day-to-day oversight of the Foundation’s investment portfolio. The Committee meets regularly with our investment manager, reviews performance reports, monitors adherence to the Investment Policy Statement, and makes recommendations to the Board on investment-related matters.
Investment Counsel
Woodmont Investment Counsel serves as MMACF’s professional investment manager, responsible for the active management of the Foundation’s portfolio. Woodmont participates in all Investment Committee meetings, provides regular performance reporting, and works as an extension of MMACF’s operations to ensure the portfolio is managed in alignment with our mission and investment objectives.
Our Investment Manager:
Woodmont Investment Counsel
In 2020, the M&M Area Community Foundation selected Woodmont Investment Counsel as our primary professional investment manager following a competitive Request for Proposals process. Woodmont brings institutional-grade expertise, a deep commitment to fiduciary responsibility, and a collaborative approach that makes them a natural extension of MMACF’s operations team
Woodmont Investment Counsel is an independent, fee-only registered investment advisory firm headquartered in Nashville, Tennessee, with approximately $2 billion in assets under management. Their client base includes high net worth individuals, families, endowments, foundations, and nonprofit organizations — giving them deep experience with the unique investment needs and stewardship obligations of community foundations.
Woodmont participates in all MMACF Investment Committee meetings, provides regular performance reporting, and works closely with Foundation staff on accounting, audit coordination, and donor-related materials. Their fee-only structure ensures that their interests are fully aligned with ours — and with the interests of the donors and communities we serve.
Woodmont at a Glance
- Independent, Fee-Only RIA — no commissions, full fiduciary
- $2.0 Billion in Assets Under Management (as of April 2026)
- Based in Nashville, TN — serving institutional clients for over 25 years
- MMACF partner since Q1 2020
- Participates in all Investment Committee meetings
Woodmont’s Core Values
- Align — Always place client interests first
- Listen — Design solutions consistent with client priorities
- Independent — Driven to always do the right thing
- Transparent — Clear, timely, and honest communication
Financial Documents & Public Records
MMACF is committed to full financial transparency. Our audited financial statements, IRS Form 990s, and related documents are available below for public review. We are also proud to maintain a Platinum-level profile on Candid (formerly GuideStar) — the highest transparency rating available — where additional organizational and financial information is accessible.
Audited Financial Statements
- 2024 Audited Financial Statements
- 2023 Audited Financial Statements
- 2022 Audited Financial Statements
IRS Form 990
- 2024 IRS Form 990
- 2023 IRS Form 990
- 2022 IRS Form 990
Candid Platinum Profile
MMACF maintains a Platinum-level Candid profile — the highest transparency rating awarded by Candid. Our complete profile includes financial information, program data, leadership details, and organizational information, all available for public review.
Tax Information
The M&M Area Community Foundation is a tax-exempt public charity.
EIN / Tax ID Number: 38-3264725
Questions
We are here to helpAshley Berken
Executive Director
906-864-3599
