Investment of Funds

All charitable funds at BCF are invested to match the donor’s intent, whether that be immediate grantmaking, long-term preservation of assets, or support of local community impact. Investments are overseen by a volunteer committee of highly experienced investment and financial professionals, listed below.

Endowed funds are invested in the BCF Pool, which is managed with a long-term horizon and aims to produce a relatively stable spendable amount available for grantmaking from year to year.

Non-endowed funds are invested in the Money Market Pool. Donors may elect to allocate a portion of their fund to Invest for More for local impact investments. Donors with a longer time horizon for grants may recommend investment in the
BCF Pool.

Donors establishing funds of $5 million or more may recommend an investment strategy and manager for their fund, subject to annual review and approval by the Investment Committee.

Endowed Funds – Calculation of Spendable

Endowed funds are managed using a total return approach, which utilizes both income and capital appreciation. The spendable amount available for grantmaking is calculated annually by applying the spending rate—currently set at 4%-5% depending on the type of fund—to the average of the fund’s principal value for the previous twelve quarters ending each September 30th.

For newly endowed funds, no calculation will be made until at least four quarters have passed. After that time and until the fund has been in existence for twelve full quarters, the average will be based on the number of quarters the fund has been in existence as of each September 30th.

The full amount available for grantmaking is not required to be distributed annually and may be carried forward for future grantmaking.

Invest for More

Funds allocated to Invest for More will support local impact investments in companies, organizations, and funds with the intention of generating a measurable, beneficial social impact as well as a financial return.
BCF partners with community development financial institutions (
CDFIs) to lend money locally to projects that benefit the Baltimore community, particularly communities of color.

Fund assets allocated to Invest for More will not be available for grantmaking for a period of seven years.

We aim to achieve a blended return of approximately 3.0%. We will ladder the terms of loans and notes, with a term length not to exceed 10 years.

Investment Oversight

All funds established at
BCF are managed as provided by the Investment Policy Statement approved by the Board of Trustees. The Investment Committee oversees asset allocation and rebalancing and selection of index funds.

BCF’s investments are managed in accordance with the Uniform Prudent Management of Institutional Funds Act. This standard requires the exercise of reasonable care, skill and caution in the context of risk and return objectives suited to the Baltimore Community Foundation.

For More Information

Investment Committee

Investment Committee

Patricia P. Baum

RBC Wealth Management

Vice-Chair, BCF Board
Investment Committee Chair
tom bozzuto

Thomas S. Bozzuto

The Bozzuto Group

Chair, BCF Board
Investment Committee

George L. Bunting Jr.

Blue Jar Private Trust Comp

Investment Committee

Bryon T. Deese

Glass Jacobson Financial Group

2020 Inductee
Investment Committee

Cheryl A. Mickel

T. Rowe Price Associates

Investment Committee

Charles A. Morris

Greenhouse Funds

Investment Committee

Leana Wen

George Washington University

Investment Committee

Matthew W. Wyskiel

Skill Capital Management

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BCF Staff – Development & Donor Services Only

Dara Schnee

Vice President of Philanthropy

BCF Staff – Development & Donor Services Only

John A. Gilpin

Director of Gift Planning

BCF Staff – Development & Donor Services Only

Nanyamka Hales

Donor Services Officer

BCF Staff – Development & Donor Services Only

Alexis Miller

Donor Services Officer

BCF Staff – Development & Donor Services Only

Tiffany July-Lindo

Development Officer

BCF Staff – Development & Donor Services Only

Juliette Seymour

Philanthropy Assistant

Dara Schnee

Vice President of Philanthropy

John A. Gilpin

Director of Gift Planning

Nanyamka Hales

Donor Services Officer

Alexis Miller

Donor Services Officer

Tiffany July-Lindo

Development Officer

Juliette Seymour

Philanthropy Assistant

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Nanyamka Hales

Donor Services Officer

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Dara Schnee

VP of Philanthropy

Contact Dara Schnee, VP of Philanthropy, for a confidential, in-depth consultation about these and other giving options, tax benefits of each and how they can help to achieve your financial and charitable giving goals.

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If you need assistance with Donor Central, please fill out the form below or call (410) 332-4171 with any questions you have and we will respond as soon as possible.

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Melissa McC. Warlow
Director, Baker Fund Grants Program
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Apply for a Grant

Our on-line application system provides applicants with a portal to start a new grant application or to continue updating an application already in process. Please be sure to select the “Save and Finish Later” button when you are finished working on your application in order to save your current session’s work. At any time during the application process you can select the “Contact Us” button in the top right corner of the screen and you will be able to send an email to the Baltimore Community Foundation staff with specific questions. 

To be considered for funding, proposals must be submitted through the online application portal, however, we provide a PDF version of the application along with other useful forms here for your reference:   

When you are ready please select one of the following options:

OPTION 1

I have not applied for BCF funding online in the past.
Select this option if you have never used our website to apply for a grant from BCF.

OPTION 2

I previously applied for BCF funding online in the past.
Select this option if you have applied for any of BCF’s grants using our website. Your profile may still be in our system and you may login using your account.

Place-based Grantmaking in Selected School Communities

Place-based Grantmaking in Selected School Communities

We have allocated funds for two geographical areas that bookend a crucial corridor on the Westside of Baltimore City: Howard Park /Forest Park area (served by Calvin Rodwell Elementary Middle School and Liberty Elementary), and Reservoir Hill/Penn North area (served by Dorothy I Height Elementary). In these three schools and their surrounding neighborhoods, we will support projects and activities designed to make the communities safe, clean, green and vibrant; and improve the quality of the schools. Some projects may be neighborhood-focused, some school-focused and others collaborative projects between the schools and their respective communities.

Early Learning & Judy Centers

Early Learning & Judy Centers

High quality early childhood education has a lifelong effect on students. Through our Early Learning grant program, we are interested in system-wide early childhood education proposals that will help Baltimore City and County's youngest learners, and their families, get the start they need. Nonprofit organizations that offer programs and/or services to Judy Centers are encouraged to contact the centers directly to explore partnership opportunities.

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John A. Gilpin

J.D., CAP®,AEP®

Director of Planned Gifts
410-332-4171 ext. 132

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Kate Sam

Communications Officer
410-332-4171 ext. 181

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Cathy Brill

Executive Director
Leonard and Helen R. Stulman Charitable Foundation