Investment Program
The Indian River Community Foundation takes seriously its stewardship responsibility as a manager of many different kinds of donor funds. It recognizes that each donation – no matter the size – reflects an implicit trust in the Community Foundation’s ability to invest resources wisely and use the income produced, and in some cases the fund’s principal, in accordance with your charitable wishes.
Fund investment philosophy
The responsibility for managing the Indian River Community Foundation’s investment portfolio is vested in the Foundation's Board of Directors through its Investment Committee. This committee works closely with professional staff and the Community Foundation’s investment advisors to set policy, establish performance benchmarks and continually monitor the performance of the Community Foundation’s portfolio against these policies and benchmarks.
The Community Foundation’s investment philosophy reflects three fiscal objectives:
- Preserve capital
- Earn competitive total returns within risk tolerances established by the Community Foundation
- Preserve purchasing power by striving for long-term returns, which either match or exceed the annual grant distribution requirement, fees and inflation
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