The Finance Committee is charged with the responsibility of maintaining and enhancing the Foundation's investments. The primary investment objective of the Finance Committee is the protection and preservation of the assets, while the secondary objective is the long term growth. As a result, the investment managers shall seek the highest possible return consistent with a prudent regard for legal considerations, fiduciary responsibility, and safety of capital.
Additional information regarding investment managers, asset allocation, disbursement policies, and administrative fees can be obtained by contacting Gerard Carrington, Director of Finance at 239-590-1073 or by e-mail at firstname.lastname@example.org.
Our target is 60% Global Equity, 5% Private Equity, 30% Fixed Income, and 5% Real Assets.
CapTrust Advisors, LLC
The endowment's spending policy is reviewed annually. The current endowment spending policy is 4.0% of the three year rolling average of the market value of the fund on December 31st.
It is a three year rolling average, but we are averaging the balance of the fund, not the 4.0%. The first year would be 4.0% of the market value on the specified date of the previous year (December 31st) provided the fund has the net earnings for the distribution on December 31st.