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Investment Committee | Fund Managers and Advisors
Consider our investment program if you are interested in long-term results. Our goal is to achieve an annual investment return of at least nine percent, of which five percent is targeted for grantmaking. Investment returns exceeding five percent grow the fund’s balance and cover any related fees. This approach provides a buffer against inevitable downturns in the stock and bond markets, allowing us to continue meaningful granting even during recessionary times.
Our investment program benefits from the expertise of a highly-qualified Investment Committee. Appointed by the Board and chaired by a Board member, the Committee meets regularly to review and rebalance our portfolios. They evaluate our fund managers’ performance relative to benchmarks and report investment performance to the Foundation’s Board (see Fund Managers and Advisors).
An independent advisor, Arnerich Massena & Associates, guides, monitors, and oversees investments. They monitor investment performance, researching and recommending specific allocations. Arnerich Massena is paid on a flat fee basis. That is, they do not receive a commission on investments made. The invested funds are held at Union Bank of California. The Bank has no authority over investment choices.
This separation of investment advice from day-to-day custody, coupled with the expertise of the Investment Committee, ensures that the Community Foundation receives the highest quality advice and management of its investment portfolios.
Available for download:
 Summary of Investment Performance
Full-text of Investment Policy
For instructions on how to download PDF file links, please click here.
Investment Committee | Fund Managers and Advisors
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