The Santa Barbara Foundation’s endowment is invested in a diversified portfolio of domestic equities, international equities, fixed income, and a broad array of alternative investments.
The portfolio employs both passive index funds and actively managed funds. The portfolio’s objective is to achieve a total return equivalent to or greater than the Foundation’s financial requirements over a long-term time horizon. Appropriate investment strategies are used to manage risk and ensure that charitable dollars grow and are available forever to benefit our community.
The Investment Committee includes professionals in our community and Foundation trustees who have significant experience and knowledge in finance and investing. The committee meets quarterly with our investment advisor, Mercer Investment Consulting, Inc., to review the investment program. Mercer Investment Consulting, one of the nation’s foremost institutional investment consultants, provides direction and guidance to our Investment Committee and assists in monitoring our investment program. Their stewardship over the years has produced consistently solid investment returns for the portfolio.
The Santa Barbara Foundation’s Investment Committee is comprised of many dedicated individuals possessing extensive investment experience. The committee, along with its investment consultant, oversees the assets entrusted to the foundation with care and with a long-term focus.
~ Mike Mayfield, Santa Barbara Foundation Trustee & Chairman, Investment Committee
Portfolio Performance data as of March 31, 2013.