Since our founding in 1969, the Oklahoma City Community Foundation has served as central Oklahoma’s leading advocate for building endowment funds through both support from donors, as well as sound investment and distribution strategies.
Our investment policy has four major objectives:
- Capital preservation
- Inflation protection
- Continuing source of annual distribution for charitable purposes
- Investment return in the top third of professionally managed funds
Responsibility for investment policy and manager selection rests with our investment committee, which includes Trustees, former Trustees and community leaders with strong investment expertise who volunteer their time and knowledge.
Our investment committee hires investment managers for each particular investment style. We use three active managers; two for equities and one for fixed income investments. In addition, we utilize a number of passive funds in particular asset classes.
The investment committee, along with investment counsel, United Capital Financial Advisors, LLC, determines asset allocation between equities and fixed income and remains disciplined in emphasizing diversification of assets, quality investments and a long-term perspective.
The committee for Fiscal Year 2019(July 1, 2018-June 30, 2019) is:
|Mike Collison, Chairman||Kirkland Hall|
|Steven C. Agee||Edward Krei|
|Martha Burger||Bond Payne|
|Steven C. Davis||Laura Ratliff|
|J. Edward Barth, Ex Officio||James H. Holloman Jr., Ex Officio|
|Paul Dudman, Ex Officio||Christian K. Keesee, Ex Officio|
How are our endowment funds invested?
The majority of assets that we manage are pooled with other Oklahoma City Community Foundation funds and invested by both active managers and index funds to add value while keeping the cost low. Historically, our investment fees are less than 35 basis points (35/100 of 1 percent), which is much less than the typical fee for managed funds or mutual funds.
For advised funds and affiliated funds with a balance of $250,000 or more, two additional investment options are available: 1) 100 percent equity pool and 2) moderate growth pool. Both options have greater equity exposure compared to the general investment pool.
How are our endowment funds distributed?
Our prudent spending policy is designed to allow funds to capitalize on good investment years, as well as protect the value of the fund in low or negative return markets. The majority of permanent endowment funds we administer receive annual distributions of 5 percent of the fund’s average market value for the previous 12 quarters as of March 31. The remaining investment return adds value to the corpus of the fund, protecting from inflation and creating a more predictable and stable annual distribution.
Investment Performance Results
Fiscal Year 2019: Quarter 1 (July 1-Sept. 30, 2018)
Fiscal Year 2018 (July 1, 2017-June 30, 2018)
Fiscal Year 2017 (July 1, 2016-June 30, 2017)
Fiscal Year 2016 (July 1, 2015-June 30, 2016)
Fiscal Year 2015 (July 1, 2014-June 30, 2015)
Fiscal Year 2014 (July 1, 2013-June 30, 2014)
Fiscal Year 2013 (July 1, 2012-June 30, 2013)