Funds managed by the JCF are invested at all times based
on the requirements for safety (preservation of capital), liquidity, and
yield - in that order. The portfolio seeks to earn total returns in excess
of the rate of inflation over the long term.
The assets of all the endowments are pooled. The assets are professionally
managed by five investment managers, each responsible for a portion of
the portfolio. The current policy of the JCF is to have
60% of the assets in fixed income, and 40% in equities. Quarterly statements
are provided by the investment managers and distributed to members of
the Investment Committee who in turn present a full report
at the quarterly meetings of the Board of Trustees.
The investment policies of the Foundation are reviewed bi-annually by the Investment Committee to ensure consistency with overall Foundation objectives and prudent and responsible investment practices.
At present, total assets under management are approximately $23.5 million.
Investment Policy Statement
The Investment Committee developed a policy statement that was adopted by the Board of Trustees in 2003. This statement outlines our goals and objectives for managing Foundation assets. It informs our existing policies and procedures, provides guidance for the future, and outlines the planned asset allocation mix to achieve our objectives. This allocation will be reviewed periodically to ensure that our goal is being achieved. Read ...
Capital Gains Tax has been eliminated for charitable and foundation donations
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