At Community Foundation Sonoma County, we believe in the power of connecting people, ideas and resources to benefit all who live here.
One critical component of our mission includes ensuring that all funds are managed with prudent fiduciary oversight and good governance. Donor advised funds, nonprofit funds, corporate and committee advised funds, as well as legacy funds are handled with the utmost care and dedication to support charitable intentions and resources within our community.
In June 2015, the Community Foundation Board of Directors, working with our Investment Advisory Committee and our Investment Consultants at Graystone Consulting implemented a revised investment strategy. The Board and Investment Committee are regularly monitoring performance and fees and making adjustments as needed to ensure long-term optimal stewardship of funds. Our investment strategy encompasses the following principles:
This revised strategy has reduced money manager expenses, decreased volatility, and allowed us to track results that are more in-line with major bench-marking indices.
The economy and capital markets did well in 2016 and we are pleased that we met our objectives. Although we are focused long-term (the Long-Term Pool has a 20-year or full economic cycle time horizon), we are pleased that the 2016 results of this pool were 7.20%.
The long-term health of Sonoma County’s nonprofit community is paramount to our work at the Community Foundation. Providing a service to nonprofits and donors (during and after their lifetime) which allows limited resources to be prudently managed is a big part of our investment in the promise of Sonoma County.
Category: Advisor Newsletter, Donor Newsletter, Professional Advisors Newsletter Tags: Advisor Newsletter, Advisor Newsletter February 2017, Community Leadership, Donor Newsletter, Donor Newsletter February 2017
Community Foundation Sonoma County | 120 Stony Point Road | Suite 220 | Santa Rosa CA 95401 | P: 707.579.4073 | Tax ID# 68-0003212
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