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Last Updated (Wednesday, 25 August 2010 14:23) Written by Administrator Monday, 17 November 2008 19:15
The Foundation Board, with assistance from the Investment Committee, sets investment policy and regularly reviews the investment portfolio. The Foundation's goal is to provide for grant making in perpetuity. In order to attain this goal, the Foundation must earn sufficient investment returns to allow disbursements according to the spending policy, to pay the Foundation's administration expenses, and to grow the asset base so as to maintain the purchasing power of the investment portfolio. The long-term average real rate of return, as measured over moving 10-year periods, is expected to be a minimum of 5.5%.
The Investment Committee, composed of volunteers with senior level investment management experience, reviews the Foundation’s professional fund managers’ performance quarterly against established benchmarks. In the event that a new investment manager must be selected or an additional investment manager added to the existing investment managers, the Foundation will undertake an investment manager search utilizing an independent consultant.
(to be implemented over an appropriate time frame)
| Target |  |
|
|
Fixed Income |
20% |