Investment Policy Statement

As a long-term investor, the following issues are significant factors in the prudent allocation of the foundation’s portfolio assets:

  • In order to achieve a rate of return that will support the distribution policy while protecting the assets from inflation, the foundation must be willing to take some investment risk with respect to the endowment portfolio.
  • The most effective way to establish an appropriate volatility level for the portfolio is through its asset allocation (i.e. stocks, bonds, cash).
  • The foundation has adopted a strategic long-term asset allocation for the portfolio. Over time, the portfolio will remain invested in percentages that are fairly close to those called for in the strategic allocation.
  • The foundation strongly believes in the long-term benefits of diversifying its portfolio into a number of different asset classes and investment strategies. While each assets class and strategy is carefully selected, the focus of the investment process is always on the overall portfolio.