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Investment Managers

The Foundation maintains the Core Balanced Account with a typical asset allocation that includes 60% domestic and international equities and 40% fixed income securities. This allows for the pooling of resources to accomplish together what would be difficult for most local churches and agencies to accomplish on their own. This approach makes it possible to diversify investments for greater conservation of capital and to provide ongoing professional attention to market conditions. Distributions from the Core Balanced Account utilize a Total Return Approach.

The Foundation also manages the more recently established Aggressive Account. This account has an asset allocation of 80% domestic and international equities and 20% fixed income securities. Unlike the Core Balanced Account, there are no regular distributions and this account is designed to have a longer investment horizon.

The Foundation also manages the Income and Growth Account. This account has an asset allocation of 20% international and domestic equities and 80% fixed income securities. Like the Aggressive Account, there are no regular distributions and this account is designed to have a shorter investment horizon than the Aggressive Account.

To meet the objectives of these Accounts, as described in full in the investment policy of the Foundation, we work in concert with highly respected investment firms. Following is a current (March 2016) list of these firms.

Large-Cap Managers

  • Snow Capital
  • Capstone
  • Red Granite
  • iShares Russell 1000 Growth ETF
  • iShares Russell 1000 Value ETF

Small-Cap Managers

  • Victory Integrity SC Value
  • Aston/LMCG SCG
  • iShares Russell 2000 Value ETF
  • iShares Russell 2000 Growth ETF

International Equity Managers

  • Am Funds EuroPacific
  • SPDR MSCI ACWI ex-US ETF
  • Harding Loevner Sm cap Int’l
  • Harding Loevner Int’l EM
  • iShares MSCI EM Sm Cap
  • Vanguard FTSE Europe
  • WisdomTree Europe Hedged
  • WisdomTree Japan Hedged

Fixed Income

  • Loomis Sayles
  • Western Asset Management

Other

  • Goldman Sachs Strategic Income
  • Loomis Sayles Strategic Alpha
  • Money Market

Two valuable consultants aid the Foundation in carrying out our funds management responsibilities.

  • UBS serves as custodian for all our securities. Their electronic reporting enables our investment professionals to manage the accounts in real-time.
  • Mill Creek Capital Advisors, LLC operates as the Foundation’s Dedicated Investment Office, providing day-to-day decision-making regarding funds management.

The Foundation’s Investment Committee monitors the management of Foundation accounts by our Dedicated Investment Office and by any other investment professionals engaged by the Foundation.

The Foundation also has retained the firm of Goehring Rutter & Boehm, Attorneys at Law as its legal counsel, and the firm of CliftonLarsonAllen to provide an annual independent audit.

Working in combination with these professional firms enables the Foundation to make the high-quality decisions necessary to assure a successful funds management approach for our clients.

 
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