South Pacific County Community Foundation was established to improve the quality of life in south Pacific County through the development of organized philanthropy for all the communities in this geographic area.
To that end, our Investment Committee has a clear purpose: to protect the body or corpus of our funds while investing those funds wisely for the long-term.
It is our policy to invest our portfolio in a way that ensures diversification and achieves the highest investment return consistent with primary objects of safety and liquidity.
SPCCF has a fiduciary responsibility to act prudently and responsibly to maintain the safety of funds. The standard of prudence we follow is the Prudent Person Rule: "Investment shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived."
SPCCF has an Investment Committee which oversees the management of the portfolio. The SPCCF board has final responsibility for the investment of this portfolio.
When the portfolio reaches $500,000 the board will hire an Investment Manager, who will report regularly to the Investment Committee. As the portfolio increases, funds will be divided into pools, managed by different firms, and overseen by the Investment Manager.
The annual state of the portfolio will be reported publicly each year as part of our annual report to the community. For more information view the Finances page.
Dennis Long, Chairman
Guy Glenn Jr.