Investment Management

The Foundation retains SEI, a global provider of asset management, investment processing and investment operations solutions. With over 48 years as a leading innovator in wealth management, SEI has $648 billion in assets under management or administration. SEI reduces investment and administrative challenges by leveraging assets to maximize capabilities, cut costs, and meet philanthropic objectives.

The Investment Committee members are CVCF board members and community members with significant business, accounting and investment management experience. The committee is responsible for governance and best practices in overseeing the investment management of the Community Foundation’s portfolio. The top priority is risk control and the committee establishes a target asset allocation and monitors the investment performance.

 

Committee Members:

  • Rod Thornton, Chair, CVCF Board Member and Senior Financial Services Representative, Principal Financial Group
  • Karen Musson, CVCF Board Member and COO, Gar Tootelian, Inc.
  • Justin Vartanian, CVCF Board Member and Financial Advisor, Brouwer DeJong and Associates
  • Jim Maxwell, CVCF Board Member and CEO, Agriland Farming Company, Inc.
  • Bill Lyles, President, Lyles Diversified
  • Jeff Jaech, Attorney, Baker, Manock and Jensen, PC

Investment Returns

3 Month* 1 Year** 3 Years ** 5 Years** 10 Years**
Long-Term Pool 4.42% 12.70% 6.57% 8.23% 5.33%
Short-Term Pool 0.43% 1.54% 1.20% 1.08% N/A
Social Impact Pool *** 3.73% N/A N/A N/A N/A
Low-Cost Pool**** N/A N/A N/A N/A N/A

* – cumulative
** – annualized
*** – pool inception, July 1, 2017
**** – authorized for inception on or after January 1, 2018

 

Financial Stewardship

All financial information is disclosed annually through an independent audit and published in our annual report. Donors receive a quarterly fund statement that includes all fund activity and portfolio investment results. The Finance Committee is responsible for the oversight of the financial health of the Community Foundation, including preparing the annual budget and assuring that short and long-term goals can be met.

Committee Members:

  • Doug Morgan, President, Morgan and Company
  • Alan Pierrot, CVCF Board Chair and Retired Orthopedic Surgeon, Fresno Surgical Hospital
  • Larry Powell, CVCF Board Member and Retired Fresno County Superintendent of Schools
  • Justin Vartanian, CVCF Board Member and Financial Advisor, Brouwer DeJong and Associates
  • Jim Maxwell, CVCF Board Member and CEO, Agriland Farming Company, Inc.

 

Reports & Disclosures

CVCF 990 Form (2016)
2015/2016 CVCF Audited Financial Statement

 

Contact us for more information on investment or finance operations