Sergio Bohon, Chair
From the Community:
PREVIOUS INVESTMENT DOCUMENTS
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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
About our Independent Investment ConsultantThe Community Foundation has utilized Verus (FKA: Wurts & Associates) as their independent investment manager for over 13 years.
Ms. Anne Westreich, CFA
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.