 |
|
|
Home |
|
|
|
Who We Are |
|
|
|
Giving & Donor Services |
|
|
|
Grants & Scholarships |
|
|
|
Press & Publications |
|
|
|
Services for Nonprofit Staff and Boards |
|
|
|
Special Projects |
|
|
|
For Professional Advisors |
|
|
|
Site Map |
|
|
370 Main Street
Suite 650
Worcester, MA 01608
(508) 755-0980
Contact Us
Investing Our Gifts
Greater Worcester Community Foundation has a responsibility to you, our donors
and the community to invest funds with a long-term view. Gifts are managed
in a commingled investment structure, providing an economy of scale and access
to professional investment management.
For any questions regarding Foundation finances or our investment policy, please contact Ann Lisi, 508-755-0980 x104.
The Foundation's current asset allocation policy of 60% equities, 15% alternative investments, 15% fixed income, and 10% real assets, is designed to preserve and grow principal over the long-term.
The Foundation's Investment Committee reviews performance evaluation data and selects managers for each asset class, based on guidance from independent consultants Prime Buchholz & Associates. The Foundation's asset allocation policy provides a disciplined approach to investments thereby ensuring that funds will be available to address both immediate and future community needs. Click for our complete policy and for investment performance.
The Foundation uses a total return spending policy for its permanent funds. Rather than distributing net income, a total return approach allows spending of a fixed rate of total market value including realized and unrealized gains. This policy enables the investment managers to maximize overall investment return, incorporating growth and income strategies, while minimizing the impact of market fluctuations. Unless otherwise requested by the donor, the Foundation's policy is to distribute 4.5% of each fund’s market value, averaged over twenty preceding quarters. Over the long term, this disciplined approach increases the Foundation’s assets and consequently its grantmaking capacity.