The TCF Board's Investment Committee recommends all modifications to the Statement of Investment Policy, sets market-driven performance benchmarks, and monitors all practices and performance of the underlying investment.
The TCF Board of Directors annually appoints an Investment Committee consisting of at least five (5) members, not necessarily from the its own membership, which shall be responsible for complete oversight and implementation of the strategies, models and managers for the investment of the charitable assets entrusted to The Corporation. In concert with the professional staff, the Investment Committee may engage consultants as necessary or desirable to discharge its duties, and shall report such results, activities and actions to the Board of Directors, the donors and the general public via The Community Foundation’s website, at regular intervals.
Currently, the Investment Committee consists of four(4) current or former members of The Community Foundation’s Board of Directors and two (2) independent investment experts selected by the committee’s membership.
Investment Commentary: Q1 2024
During the first quarter of 2024, the stock market rally continued unabated as the S&P climbed 10.6%. Consistent with our observations in 2023, the returns of the S&P 500 disproportionately skewed to what has become known as the “Magnificent 7” — a handful of massive technology-focused companies. .. READ MORE
