Investment Policy

In managing the Evanston Community Foundation's endowment and investments, the Foundation's Investment Committee is governed by a detailed policy. The overall objective is to preserve the value of the endowment while providing a growing stream of income to cover expenses and fund grants and programs to meet the needs of the Foundation and the community it serves.   For excerpts of our most recent audited financial statements, click here.

Under the policy, the Investment Committee is authorized to act on behalf of the board to recommend reserve levels, establish special funding requirements and make related proposals. The Committee relies on professional managers to provide day-to-day oversight and make investment decisions.

The Foundation's current asset allocation guidelines are as follows:

Typically, gifts of securities or other property are sold at the earliest opportunity and the proceeds invested consistent with the Foundation's asset allocation. All financial assets are commingled for investment management but may be segregated as determined necessary by the Committee in special circumstances.

Copies of the complete audited financial statements and IRS Form 990 are kept on file and are available to the public during normal business hours at the Foundation office.

For a complete copy of the Foundation's Investment Policy, click here.