Investment Program
How We Manage Our Investments
At WCF, we take our fiduciary responsibilities seriously. In order to ensure proper oversight of our assets we have a multi-tiered system investment management system:
Our Board of Directors has ultimate responsibility to oversee the prudent investment of our assets. Our Board of Directors is composed of prominent community leaders with expertise in finance, law, business, education, the nonprofit sector and other fields that bring critical knowledge to the operations of the Community Foundation.
Our Finance Committee monitors our investment performance and activity regularly. This highly qualified group meets on a regular basis, generally monthly, and among its various responsibilities recommends fiscal policies to the Board including specific policies relating to the Foundation's investments.
The Finance Committee meets quarterly with our Investment Consultant, Fund Evaluation Group (FEG). FEG provides quarterly reports and monitors the performance and investing style of our fund managers. FEG also assists the Finance Committee in researching new managers when the time comes to make a change or add an investment class.
WCF's Investment and Spending Policy specifies the long-range investment goals such as generating ample income to protect and grow principal while generating an annual "payout" to cover grants, fees and surpass inflation. The Policy also provides guidelines for asset allocation such as regular rebalancing and diversification to maintain a defined mix of certain asset classes (equities, fixed income, cash, etc.).
If you have questions about how we manage our investments, that have not been answered in this section, please click here to contact us for more information.
