INVESTMENT MANAGEMENT

A twelve-member executive committee of the board oversees the investment of Foundation funds and is responsible for developing appropriate investment policies and asset allocation guidelines. The executive committee has retained investment consultant, Cambridge Associates, to implement investment decisions within these guidelines through a dedicated outsourced CIO who is supported by a team of Cambridge and Foundation investment professionals. The Executive committee meets quarterly, or as needed, to review investment functions including but not limited to investment performance, asset allocation and investment policy.