 |
Looking Forward. Giving Back. |
click for LARGER TEXT
2823 Rockefeller Avenue, Everett - Mailing address: PO Box 5549, Everett, WA 98206
(425) 212-4056 - FAX: (425) 212-4059
[ Contact via Email ][ Privacy Policy ] [ Subscribe or Unsubscribe from our Email List ]
|
|
The primary investment objective of the Greater Everett Community Foundation is to preserve the real value (inflation adjusted) of current assets and future gifts. Because the Foundation expects to operate in perpetuity, wise stewardship of the funds entrusted to it is essential to the Foundation’s mission.
The Foundation manages its endowed and operational assets, as well as custodial funds, according to guidelines established by the Board of Directors and Finance Committee. Our allocation policy is designed to provide an optimal asset mix for the portfolio, emphasize diversification in order to lower risk and maximize “total return”.
| Row Title | Lower Limit | Strategic Allocation | |
|---|---|---|---|
| Domestic Large-Cap Equity Growth | 10% | 15% | 20% |
| Domestic Large-Cap Equity Value | 10% | 15% | 20% |
| Mid-Cap Equity | 0% | 5% | 10% |
| Small-Cap Equity | 0% | 5% | 10% |
| International Equity | 5% | 10% | 15% |
| Alternative | 0% | 5% | 10% |
| Fixed Income | 30% | 35% | 40% |
| Cash Equivalent | 0% | 5% | 10% |
| Foundation Owned Property | 0% | 5% | 10% |
The Foundation's investment goal is to earn an annual return of at least 7-9%, through a combination of appreciation and income. Our average annual rate of return over the last eight years is 7.24%.
Year Rate of Return (gross)
2010 13.50%
2009 21.34%
2008 -21.74%
2007 7.49%
2006 11.69%
2005 6.65%
2004 10.88%
2003 8.11%
Harbour Investment Management and Wells Fargo Private Banking function as our investment consultants to provide oversight, guidance, design and implementation of the Greater Everett Community Foundation portfolio. The Foundation also utilizes local banks for certificates of deposit when appropriate.