Through regular meetings, the committee sets goals and objectives, appoints professional managers and monitors performance. A strict investment discipline is followed. Staff of the Foundation operate to facilitate and execute Board policy. The objective is to achieve strong long term total return while containing volatility through prudent diversification. The asset allocation seeks its investment objective through diversification utilizing large cap and small cap domestic stocks, international stocks, intermediate duration domestic bonds and global bonds.
Further diversification is provided through the employment of both growth and value style managers.
Each asset class is managed by a separate professional manager. All assets are held in custody in separate custodial institutions. The investment discipline followed requires rebalancing each asset class back to pre-approved policy levels each quarter. All assets are subject to audit and annual confirmation by the external audit firm of the Foundation. The Community Foundation's spending policy complements the formal investment policy.