|
ETCF’s investment strategy is designed
to provide a predictable and stable total return for grantmaking while maintaining the puchasing power of the Foundation's assets over the long term, with
the goal of enabling our donors to achieve both their
philanthropic and financial objectives.
Our investment committee, made up of volunteer professionals
in the investment industry, guides the investment strategies
of the Foundation.
Committee members are:
- A.W. “Whit” Riter, III, Investment
Chairman, President Riter Management Co., L.C.
- Tim Alexander, Executive Vice President, Southside
Bank
- James Richard Allen, CPA, Stiefel,
Lyles & Allen,
P.C.
- Herb Buie, Owner, Tyler Packing Company
- Melvin B.Lovelady, CPA Investment Advisor, Bridge
Wealth Management
- James I. Perkins, President and Chairman of
the Board, Citizens 1st Bank
- Felicity Reedy, President, The Genecov Group
- Scott Terry - Advisory, CFP, Wealth Management
Advisor, Merrill Lynch
Our Investment strategy: To meet the philanthropic objectives
of various donor funds, investments can be placed into one of
three professionally managed investment portfolios:
|
Moderate |
40% Bonds |
60% Equities |
|
Conservative |
80% Bonds |
20% Equities |
|
Portfolio Selection: Nonprofit endowment funds and scholarship
funds are invested in the Moderate Portfolio. Donors
contributing funds with balances of $500,000 or more
may recommend that the funds be invested with an outside
manager. All outside managers must be approved by the
Foundation’s
Investment Committee and must agree to abide by the
Foundation’s investment policy.
|
