The Finance Committee is charged with the responsibility of maintaining and enhancing the Foundation's investments. The primary investment objective of the Finance Committee is the protection and preservation of the assets, while the secondary objective is the long term growth. As a result, the investment managers shall seek the highest possible return consistent with a prudent regard for legal considerations, fiduciary responsibility, and safety of capital.
Additional information regarding investment managers, asset allocation, disbursement policies, and administrative fees can be obtained by contacting Gerard Carrington, Assistant Vice President at 239-745-4365 or by e-mail at email@example.com.
Frequently Asked Questions
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Regarding spending, the foundation disburses funds using a three year rolling average. For a new fund, is the first year distribution the full 4.0% or is it only 1/3 of 4.0%?Toggle More Info