Gift Managment

The Foundation's Investment Committee professionally manages and invests private gifts for long-term growth.

It meets at least quarterly to review the portfolio in light of current economic conditions. It provides a report to the Foundation's Board of Directors.

Prudent procedures help the Foundation maintain a high standard of trust, effectiveness and accountability. They include

• accurate receipts for tax purposes.
• written acknowledgment of each gift.
• distribution of gifts as donors have directed.
• investment of endowed gifts to achieve growth and an enduring source of income to the designated program.

Investment Policy

Investable funds are invested in a manner that produces for the Foundation the optimum return, defined as obtaining the highest return commensurate with an acceptable risk level.

Some permanently restricted endowment funds are invested

• based on a strategic asset allocation of 60 percent equities and 40 percent fixed-income securities.
• in a strategic allocation designed for long-term growth with moderate risk with an allowable variance of 10 percent.

Other permanently restricted endowment funds are invested

• in accordance with contractual or other arrangements
• subject to other restrictions on investment alternatives.

All short-term temporarily restricted funds are invested in 100 percent fixed-income securities for safety, income and low risk.

The Investment Committee may select professional managers or use pooled funds at its discretion.

A performance review of the portfolio is done at least annually.