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© 2013 Greater Everett Community Foundation
2823 Rockefeller Avenue, Everett - Mailing address: PO Box 5549, Everett, WA 98206
(425) 212-4056 - FAX: (425) 212-4059
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, emphasis diversification in order to lower risk and maximize “total return”.
The Foundation's investment goal is to earn through a combination of appreciation and income an annual return of at least 7-9%. Our rate of return in 2006 was 11.24%. Since our inception our average annual rate of return is 9.33%.
Moss Adams Wealth Advisors function as our investment consultants to provide oversight, guidance, design and implementation of the Greater Everett Community Foundation portfolio. The Foundation pays a fee of 1% that covers all investment expenses. Apart from the managers listed to the right, the Foundation also utilizes local banks for certificates of deposit.
Our Current Managers include:
Van Kampen Growth and Income
American Funds Euro Pacific Growth
Calamos Growth and Income
Dodge & Cox Stock Fund
Goldman Sachs Mid Cap Value
Hussman Strategic Growth
Keeley Small Cap Value
Leuthold Core Investment
Pimco (Foreign, Real Return, Total Return)
T. Rowe Price (Midcap, Real Estate)
Vanguard Convertible Securities
Wasatch Small Cap Growth
William Blair International Growth
Oppenheimer Senior Floating Rate