The Community Foundation of Greater
Memphis offers four investment pools for charitable assets: 1) a cash equivalent pool, 2)
a fixed income pool, 3) a balanced pool, and 4) an equity pool. Each pool is professionally managed with oversight provided by the Foundation's investment committee and investment consultant Gerber/Taylor Associates, Inc. The most recent quarterly returns are available here.
Investment Philosophy and Return Information
Cash Equivalent Pool - The objective of
this pool is to preserve principal. The pool is invested in cash and cash equivalents,
including short term bonds and money market funds. Highland Capital Management of Memphis
is the manager of the fund.
Fixed Income Pool - The objective
of this pool is to preserve principal and provide income. To achieve this objective, the
pool is diversified among bond sectors (U.S. Government, agency, corporate, and mortgage
backed securities) and investment managers. The investment advisors are Hughes
Capital Management, Inc., of Alexandria, Va.;
Vanguard Total Market Bond Market Index Fund; and Metropolitan
West Asset Management through the Metropolitan West Total Return Bond I.
Balanced Pool - The objective of this pool is to provide stability of principal
and consistent long-term capital appreciation. To achieve this objective, the pool is
broadly diversified among equities, fixed income securities, cash equivalents and
alternative investments, as well as by market sector and investment manager. The target
allocation is 62 percent to equities; 25 percent to fixed income securities and cash
equivalents; 10 percent to alternative investments; and 3 percent to real estate. The
fixed income manager is Highland Capital Management of Memphis. The alternative
investments manager is Private Advisors, LLC of Richmond, Va. The real estate manager is
ING Clarion of New York. The equity portion is allocated to the same firms that manage the
equity pool. More detail
Equity Pool - The objective of this pool is to provide long term capital
appreciation. To achieve this objective, the pool is broadly diversified by market
capitalization (large, medium and small), country (domestic and international) and
investment management style (value and growth). More
detail
For more information on investment pool performance at the Community Foundation of Greater Memphis, email Vice President of Finance Mack McCaul or call (901) 728-4600.
Grantmaking · Investments · Publications · Contacts
Community Foundation of Greater Memphis
1900 Union Avenue, Memphis, TN 38104
(901) 728-4600
EIN: 58-1723645
Copyright ©1998-2007, Community Foundation of Greater Memphis
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