The Grays Harbor Community Foundation employs a conservative investment policy that has over the years been very successful in producing returns higher than benchmarks, while also protecting the assets. Our Finance Committee, made up of Board members with significant financial experience, is responsible for advising the Board on investment strategy and policy.
Grays Harbor Community Foundation assets are held and accounted for as individual funds in one of six basic fund types. Those assets are invested as a pool through two investment advisors who are responsible to the Finance Committee to comply with our Investment Policy that is reviewed quarterly, as is the performance of the two advisors. The asset values are tracked monthly with earnings and fees incorporated (effective at close of business on the last day of the month).
The Fund types are standard throughout Community Foundations, and each type has a specific purpose as defined below.
Growing our funds
The Community Foundation Board of Directors and Staff work hard to keep expenses to a minimum, invest the assets wisely, protect the assets, and provide the best service to donors and the community.