Endowment & Giving
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Investment Policy Summary
Purpose
The purpose of the Investment Policy is to assist the Board of Directors of the Davie Community Foundation in effectively supervising and monitoring its investment activities; and to provide guidance to investment mangers employed to manage its assets on behalf of the Board. It is set forth by the Board in order to advise all concerned of their legal and fiduciary responsibilities and to establish a clear understanding by all involved parties as to the investment goals and objectives of the Foundation.
Finance/Investment Committee:
Frank Bahnson, Chairman Joe Harris
Ken Lard
Jane Simpson
The Board of Directors empowers the Investment Committee to invest, manage and monitor funds for the benefit of the current and future generations who are the ultimate beneficiaries of the Foundation. The Investment Committee members have a fiduciary responsibility and must develop and adhere to the Investment Policy. The Investment Committee will retain a qualified Investment Consultant (s) to assist in its duties and responsibilities.
Currently investments are managed by The Trust Company of the South and Woodard and Company Asset Management Group.
The Trust Company of the South charges a rate of .77%.
Woodard & Company charges a rate of .5%.
Investment Objectives
The primary objective of the investments of the Foundation will be to provide for consistent long-term growth of principal and income without undue exposure to risk. The investment objective is to achieve a total return including appreciation which will satisfy the current financial needs of the various funds, protect and increase their long term inflation adjusted value, and minimize short run volatility.
Click here to see a copy of the entire Investment Policy.
Click here to see a list of approved Investment Managers.
