transparentfacebooktwitterlinkedinemail

INVESTMENT COMMITTEE

From the Board:
Sergio Bohon, Chair
Andrew Jaramillo
Sue Ovitt
Diane Valenzuela

From the Community:
Bob Fey
Kirk Harns
Gary Roth

PREVIOUS INVESTMENT DOCUMENTS

TCF Commentary

pdfQ1 2017
pdfQ4 2016
pdfQ3 2016
pdfQ2 2016
pdfQ1 2016


Executive Summary of Endowment Pool

pdfQ1 2017
pdfQ4 2016
pdfQ3 2016
pdfQ2 2016
pdfQ1 2016
pdfQ4 2015

FORM 990

If you wish to view our IRS Form 990, you may download it pdfhere or check the following website: www.guidestar.org.



get adobe readerSome of the documents on this site are available as PDF files. To view, save and print these documents, you will need the latest version of Adobe Reader. This can be downloaded free from www.adobe.com

INVESTMENTS AT A GLANCE

The prudent and strategic investment of assets is central to our responsibilities. Our capacity for serving the community is directly tied to our ability to conserve capital and secure a positive return. The end result guides our ability to enhance the quality of life in the communities we serve.

Asset Allocation & Philosophy
Making sound strategic decisions on the structure of a portfolio has a profound influence on investment results which is why the Foundation has a diversified portfolio with a long-term time horizon. The portfolio is invested in accordance with a core principle of successful investing which acknowledges that a diversified portfolio across different asset classes should provide a sustainable rate of income while minimizing the volatility that affects all investments to varying degrees. The portfolio is periodically rebalanced to target allocations to maintain portfolio equilibrium, increase value and support donor's spending over the long term.

Process & Governance
The Foundation's portfolio is reviewed by the Investment Committee and the Foundation's independent investment consultants on an on-going basis. The Investment Committee and investment consultants review:

  • Strategic Investment Opportunities
  • Portfolio Allocations
  • Fund Manager Analysis
  • Investment Performance
  • Manager Searches (as needed)
  • Market Environment
  • Capital Market Assumptions


The Investment Committee and our investment consultants recognize that we must avoid focusing on the short term which always plays out randomly and unpredictably and instead look forward over the long term where we can achieve a reasonable degree of certainty. We will continue to focus on a sound investment policy for the benefit of our donors and will continue to employ best practices as we oversee the Foundation's investments.

Current Investment Documents

pdfCurrent Executive Summary for Endowed Pool of Funds
pdfCurrent Investment Performance & Commentary
pdfCurrent Executive Summary for Non-Endowed Pool of Funds (Short/Medium)

pdfCurrent Executive Summary for Non-Endowed Pool of Funds (Medium)
pdfInvestment Policy

About our Independent Investment Consultant

The Community Foundation has utilized Verus (FKA: Wurts & Associates) as their independent investment manager for over 13 years.

Ms. Anne Westreich, CFA
Senior Consultant
Verus

Ms. Westreich provides a broad range of investment consulting services to clients to assist them in reaching their long-term investment goals. Prior to joining Verus in 2006, Ms. Westreich was a Portfolio Manager/Analyst at Provident Investment Counsel and an Analyst at Hughes Investment Management Company. Ms. Westreich's 20 years of institutional investment management experience, analytical skill, and deep knowledge of financial markets help our clients met the difficult challenges of developing and implementing an effective investment policy. Ms. Westreich's background within a plan sponsor provides a level of understanding into our clients' needs, while her portfolio management experience provides a unique perspective when analyzing investment managers. In addition to Ms. Westreich's consulting responsibilities, she also contributes to our research effort as a member of the Research Advisory Committee.