Financial and Investment Information
Spending Policy: The Foundation shall distribute 4% of the Portfolio’s average market value over the prior 20 quarters to support the Foundation's charitable pursuits. This 20 quarter average was chosen to accommodate (smooth out) the payouts based on a more volatile, growth-oriented portfolio.
This spending policy may be revised by the Committee and submitted to the Board for approval from time to time.
Asset Allocation: Foundation’s current investment allocation is
Portfolio Benchmarks: Several evaluation benchmarks are required to measure both the success of the allocation strategy as well as the managers used to implement the allocation. To measure the success of the allocation strategy, the Committee will use both Domestic and Global Stock/Bond mixes, as well as a Growth Allocation Reference Point.
Important: The above information represents excerpts from the Foundation’s investment policy adopted by the Board of Directors on March 15, 2018. This information should be relied upon only in conjunction with the complete policy. Please consult with your investment advisor regarding the appropriate investment plan for you.
More detailed information concerning investment managers, fees charged and oversight information available upon request.