The Ventura County Community Foundation (VCCF) represents the entire Ventura County. We oversee $112 million in total assets, $87.5 million in net assets, and serve as fiduciary to more than 500 philanthropic funds. We operate on a fiscal year that begins October 1st and ends September 30th.

VCCF’s capacity to serve the community is directly tied to its ability to preserve and enhance the charitable capital entrusted to us. The Board of Directors has developed highly respected investment policies and guidelines that provide for prudent asset management. An Investment Committee, comprised of volunteer experts and Board Members knowledgeable in the investment field, oversees all investment activities of VCCF. Canterbury Consulting serves as Investment Consultant, and has done so since 1991.

Financial Documents Available
FY 2014 Form 990

Investment Policy & Overview 

Each year, VCCF investment policies are thoroughly reviewed by the Investment Committee whose recommended changes are forwarded to the Board of Directors. These policies outline annual distribution amounts, investment goals, long-term investment objectives, and asset allocation targets.

Annual distribution policies are based upon a total return strategy that are intended to provide for long-term capital appreciation. The current annual distribution policy for most funds is 5% of the total fund value, based upon a 12 quarter rolling average taken as of June 30th.

Our long-term investment goal is straightforward: to grow the portfolio in real, inflation-adjusted terms in order to meet annual fund distribution needs, while preserving and enhancing purchasing power.

Investment Fees

Each fund at VCCF shares pro-rata the actual costs of the investment process, consultants and baseline fees, as each fund also shares pro-rata the returns. At present, investment fees are 1.03%.

* For more information, please contact Bonnie Gilles, Chief Financial Officer, at bgilles@vccf.org.

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