Investments

Investment Objectives 2021

The primary investment objective of the Community Foundation of Snohomish County is to preserve the real value (inflation adjusted) of current assets and future gifts.  The Foundation manages its endowed and operational assets according to guidelines established by the Board of Directors and Finance Committee. The allocation policy is designed to provide an optimal asset mix for the portfolio, emphasizing diversification in order to lower risk and maximize total return.

ASSET CLASS MINIMUM MAXIMUM BENCHMARK
U.S. Equity 10% 60% Russell 3000
International Equity 10% 30% ACWI ex US IMI
Alternative Investments   0% 15% Lipper Alt Multi Strategy
Fixed Income/Cash 15% 60% Barclays Aggregate

 

The Foundation’s investment goal is to earn, through a combination of appreciation and income, an annual return net of fees of at least 6 – 8%. Our average rate of return since 2012 is 9.78%.

 

Year Rate of Return (gross)
2021 13.22%
2020 13.26%
2019 19.74%
2018 -4.36%
2017 13.65%
2016 7.75%
2015 0.03%
2014 5.70%
2013 17.30%
2012 11.50%

 

 

Harbour Investment Management and UBS function as our investment consultants to provide oversight, guidance, design and implementation of the Community Foundation’s portfolio. Our Finance Committee meets with investment managers quarterly and compares the investments to the benchmark for that asset class. The Foundation also utilizes local banks for certificates of deposit when appropriate.  As with all investments there is a risk that the fund may decline in value due to negative investment returns.  Past investment results are not a guarantee of future performance.

The Community Foundation of Snohomish County does not endorse specific investment advisors or guarantee performance.

 

Last Updated

January 23,2022