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.