GOOD STEWARDS OF YOUR FUNDS

 

The Renton Community Foundation works very hard to be good stewards of all donated funds. We not only conduct site visits with new organizations scheduled to receive grants, our Investment/Finance Committee pays close attention to our investments. Currently, RCF invests the bulk of its funds with the Harris Private Bank in Seattle.

 

INVESTMENTS

 

Renton Community Foundation has had a strong investment management relationship with the Harris Private Bank for 10+ years, providing the stability and discipline necessary to navigate turbulent markets and consistently deliver superior long term investment returns. Over the past 10 years, Renton Community Foundation’s investments have grown an average of 5.46% per year. This is approximately 2.65% better on average each year than the S&P 500 for the same time period.

 

For instance, if a person invested $10,000 in the S&P 500 on October 1, 2001, it would have been worth $13,193 on September 30^th, 2011. If that same amount were invested in Renton Community Foundation’s portfolio ten years ago, it would have grown to be worth $17,017, a $3,824 gain over the market.

 

INVESTMENT POLICY

 

Asset Allocation/Asset Mix:

 

                   Allocation Range:                    

                             Money market                                   0 - 10%

                             Fixed income                                     35 - 55%

                             Equity                                               45 - 65%

 

                   Asset Mix:

                             Large Cap Growth/Value                  0 - 65%

                             Complementary (small, mid cap,

                                      international, emerging

                                      markets, etc.)                           0 - 35%