Portfolio Value

The total value of the Foundation portfolio holdings as of Q3 2023 is $2,500,000.
 

Portfolio Objective & Strategy

The investment strategy is intended to maximize income and long-term appreciation, while seeking a reasonable rate of return and the preservation and enhancement of principal.  The Foundation’s Investment Committee will allocate to equities, fixed income, cash and other strategies designed to meet the needs and goals of the library.  The long-term strategic allocation of the portfolio is 60% equity, 30% fixed income and 10% cash.  More recently, as of June 30, 2022, the allocation was 61% equity, 26% fixed income and 13% cash.  The portfolio also includes 5% in commodity exposures, primarily as an inflation hedge, as well as for potential appreciation.