Investment Strategies

Read the 2014 Financial Report prepared by Cornerstone Advisors.

Orcas Island Community Foundation funds are pooled with the intent of maximizing returns while meeting our fiduciary responsibilities. They are invested by professional money managers through our consultants, Cornerstone Advisers, under the supervision of our board Investment Committee. The members of this Committee include experienced investment and financial professionals. Copies of the Committee Charter and Investment Policy Statement are available upon request.

After spending many years in partnership with The Seattle Foundation, the Orcas Island Community Foundation took investment management in house in 2012. Our objectives in making this change were to improve upon investment results, reduce fees charged to our partners, and produce more timely and accurate fund balance information. While time will tell with respect to improved investment returns, OICF was pleased to report recently to its fund stakeholders that our other two objectives had been met.

Total invested assets exceed $11.8 million and are held in one of two merged pools. The larger of the two is what is commonly referred to as our Mid- to Long-Term Fund, consisting of a mix between stocks, both domestic and international, fixed income instruments, and real estate/private equity holdings. The allocation of assets between the three primary classes is periodically adjusted based upon a valuation analysis conducted by our advisers and the Investment Committee. The second pool is referred to as our Short-Term Fund. It is designed to address the aspirations of some of our partners to prioritize preservation of capital.

As a result of administration of assets being maintained internally and timely reporting by our consultants and asset custodian, Charles Schwab, we are able to provide account balance information to our constituents in less than three weeks following the close of each calendar quarter. Online access to fund balances is maintained by OICF for the benefit of our stakeholders on an ongoing basis and is password protected (see Fund Holder Log On page).