Who are we? A local public foundation manage endowment funds - - PowerPoint PPT Presentation

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Sep 15, 2022 174 likes •258 views

Who are we? A local public foundation manage endowment funds contributed by donors in our community and make grants to local charities invest funds on behalf of local charities Very efficient low-cost business model volunteer

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A local public foundation

▫ manage endowment funds contributed by donors in our community and make grants to local charities ▫ invest funds on behalf of local charities

Very efficient low-cost business model

▫ volunteer Board of Directors ▫ management agreement with CDC – fixed overhead costs

Who are we?

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Our investment portfolio has grown

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How do we manage our investments?

Primary investment advisor is Connor, Clark &

Lunn, which manages over $75B in assets

10% of portfolio invested in alternative assets
As of Sept 30th, investment returns of:

▫ 7.2% over past year ▫ 8.6% over last 5 years ▫ 8.2% over last 10 years ▫ 5.8% since inception in 1999

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Our current funds

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Smart & Caring Community Fund

▫ Fall 2017 application resulted in grant of $2,140 ▫ $60,000 annually available on an application basis

OSMHF Designated Endowment Fund

▫ Set up in 2002 with a donation of $25,000 ▫ Current value of $33,500 ▫ Has granted $1,400-$1,800 annually over last 4 years

Donor Directed Funds

▫ Tudhope Fund – 24% of annual granting - $24,000 in 2018 ▫ John Galt Fund – 10% of annual granting - $1,500 in 2018

How are we currently helping OSMHF?

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Investing your Endowment funds as a Managed Fund

▫ We raised the issue of investing your growing Endowment Fund balance differently with OSMHF in 2013 ▫ In 2014, we participated in the OSMHF tender process to select an investment manager for your Endowment Funds

 At the time we had $3 million in assets and were charging an admin fee on funds of 1.2%. Since then, we have grown substantially to $6 million in assets and our admin fee on managed funds is now 0.3% and falling.  We currently invest $1.7 million for 6 local charities in Managed Funds  If we added the OSMHF endowment funds to our portfolio we could lower our admin fee on all managed funds to 0.1% and would cross a portfolio size threshold with CC&L where our investment management fees drop by 0.2%

▫ We would be delighted to discuss this opportunity further