The assets of all the endowments are pooled. The assets are professionally managed by four investment managers, each responsible for a portion of the portfolio. The current policy of the JCF is to have 60% of the assets in fixed income, and 40% in equities. Quarterly statements are provided by the investment managers and distributed to members of the Investment Committee who in turn present a full Investment report at the quarterly meetings of the Board of Trustees.
The Investment policies of the Foundation are reviewed bi-annually by the Investment Committee to ensure that it remains consistent with the overall foundation objectives and prudent and conservative investment practices.
At the present time, total assets under management are are approximately $23.5 million.
Investment Policy Statement
The Investment Committee of the JCF developed a new policy statement that was recently adopted by the JCF Board of Trustees. The statement outlines our goals and objectives for managing the foundation's assets. It updates our existing policies and procedures, provides guidance for the future, and outlines the planned asset allocation mix to achieve our objectives. This allocation will be reviewed periodically to ensure that our goals are being achieved.
