Investment Objectives for each Fund are Identical
The long-term investment objectives of the Foundation are:
- Preserve the capital of the fund.
- Generate an average return on market value from which the Foundation funds grants.
- Increase the value of the fund.
The minimum target rate of return is 8½% annually on the fund market value. This should be sufficient to support a spending policy rate of 5%, provide an inflation provision of 3% and allow ½% for growth.