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: Q2 2023
The second quarter of 2023 saw continued economic expansion bolstered by disinflationary trends and stronger-than-expected corporate earnings. The quarter began with the markets still freshly wounded from the failures of SVB and Signature Bank, but as both the Fed and commercial banks stepped in, “contagion risks” were quickly mitigated. After a Federal Reserve rate-hike pause and a quick resolution to the debt ceiling, the markets found plenty of cheer, and the equity markets quickly pivoted to a risk-on stance, with the S&P 500 returning 10.32% and the NASDAQ surging 17.33% during the quarter. READ MORE
