Investment Goals of Our Fund
Grants to be made in the future are as important as grants made today. This is consistent with the philosophy that Our Fund is to exist in perpetuity, and therefore, should provide for grantmaking in perpetuity. To attain this goal, the overriding long-term objective of Our Fund is to maintain purchasing power - that is, net of spending and costs, the objective is to grow the aggregate portfolio value through investment return by at least the rate of inflation.
Investment Pools
Two investment pools have been established at Northern Trust for Our Fund:
Diversified Pool will provide long-term capital appreciation and current income. The portfolio will contain a blend of securities expected to grow in value over the long-term and those expected to produce income. Asset allocation is expected to be as follows
Equity 25 - 65%
Real Assets 0 - 25%
Absolute Return 0 - 5%
Fixed Income 25 - 65%
Cash 0 - 20%
Fixed Income Pool will have an emphasis to minimize pricipal fluctuation, with no consideration for long-term capital appreciation. Income is secondary and dependent upon the returns available from short-term money market instruments. The intent of this pool will be to generally avoid the fluctuation of principal, money market securities are the primary investment vehicles used. Aseet allocation is expected to be as follows
Equity 0%
Fixed Income 0 - 40%
Cash 60 - 100%
Grants to be made in the future are as important as grants made today. This is consistent with the philosophy that Our Fund is to exist in perpetuity, and therefore, should provide for grantmaking in perpetuity. To attain this goal, the overriding long-term objective of Our Fund is to maintain purchasing power - that is, net of spending and costs, the objective is to grow the aggregate portfolio value through investment return by at least the rate of inflation.
Investment Pools
Two investment pools have been established at Northern Trust for Our Fund:
Diversified Pool will provide long-term capital appreciation and current income. The portfolio will contain a blend of securities expected to grow in value over the long-term and those expected to produce income. Asset allocation is expected to be as follows
Equity 25 - 65%
Real Assets 0 - 25%
Absolute Return 0 - 5%
Fixed Income 25 - 65%
Cash 0 - 20%
Fixed Income Pool will have an emphasis to minimize pricipal fluctuation, with no consideration for long-term capital appreciation. Income is secondary and dependent upon the returns available from short-term money market instruments. The intent of this pool will be to generally avoid the fluctuation of principal, money market securities are the primary investment vehicles used. Aseet allocation is expected to be as follows
Equity 0%
Fixed Income 0 - 40%
Cash 60 - 100%
Annual Financial Statements
Audit Report for Fiscal Year Ended June 30, 2011
Audit Report for Fiscal Year Ended June 30, 2012
Audit Report for Fiscal Year Ended June 30, 2011
Audit Report for Fiscal Year Ended June 30, 2012