The policy establishes appropriate risk and return objectives in light of the Foundation’s risk tolerance and investment time horizon. Asset allocation guidelines and suitable investments are outlined to meet the absolute and relative return objectives.
The policy defines Socially or Environmentally Concerning Sectors as energy, utilities, aerospace/defense, alcohol, tobacco, gaming and casino industries. The Foundation will abstain from direct investment in Concerning Sectors and will monitor and report on the value of indirect investments in Concerning Sectors, while making reasonable attempts to reduce the size of these indirect investments.
The policy defines Socially or Environmentally Responsible organizations, projects or assets as environmentally friendly and/or improve the health and well-being of the Foundation's community members. The Foundation will actively seek investment opportunities in Socially or Environmentally Responsible organizations, projects, or assets.