Investment Policy
The investment policy of the Foundation is to increase:
- Endowed assets for the Competitive Grant Program with a special emphasis on endowments with unrestricted focus areas;
- Contributions from current donors as well as attract new donors;
- Grants to nonprofit organizations in our community.
Investment Performance
|
Annual Rates of Return
|
|
|
1990
|
11.2%
|
|
1991
|
6.1%
|
|
1992
|
10.8%
|
|
1993
|
10.7%
|
|
1994
|
0.0%
|
|
1995
|
14.4%
|
|
1996
|
16.2%
|
|
1997
|
17.0%
|
|
1998
|
18.6%
|
|
1999
|
8.9%
|
|
2000
|
10.6%
|
|
2001
|
0.0%
|
|
2002
|
-7.3%
|
|
2003
|
1.2%
|
|
2004
|
16.4%
|
|
2005
|
8.2%
|
|
2006
|
9.4%
|
|
2007
|
20.3%
|
|
2008
|
-23.7% (18 mos)*
|
|
19.5 year average
|
7.64%
|
|
15.5 year average
|
7.11%
|
|
10.5 year average
|
4.19%
|
|
5.5 year average
|
5.56%
|
The Foundation changed its fiscal year end from June 30 to December 31 in 2008. From 1990 through 2007, the fiscal year period is July 1 through June 30. Beginning in 2008, the fiscal year period is January 1 through December 31.
*This represents the return for the eighteen month period of July 1, 2007 through December 31, 2008.
For more detail, view how we manage our investments.
