Investment Policy
The Investment Committee of Legacy Foundation is responsible for directing and monitoring the investment of foundation assets. The Legacy Foundation's assets are invested with the goal of providing for Long-term growth of principal and income without undue exposure to risk. Investment performance is reviewed quarterly by the Investment Committee with the assistanceof Fund Evaluation Group, LLC.
Investment Strategy
The amount available annually for distribution is calculated at 5% of the fair market value of each fund. When annual earnings exceed the current year's distributions, the excess is retained in the fund, thereby increasing the amount available for future grants. The strategy is intended to help grow fund assets and insure that the funds can fulfill their purpose in perpetuity.
Total Assets: $25.4 million (as of 3-31-06) (unaudited)
Summary of Investment Performance
Report for Periods Ending June 30, 2007
|
QTR |
YTD |
1Yr |
3Yr |
5Yr |
7Yr |
10Yr |
Since 8/02 |
Since Inception |
||||||||||
| Legacy Composite Performance |
3. | 7% | 5. | 5% | 13. | 5% | 10. | 6% | 10. | 4% | 6. | 1% | 8. | 5% | 11. | 2% | 9. | 4% | |
| Balanced Index |
3. | 9 | 6. | 1 | 15. | 8 | 10. | 7 | 10. | 9 | 6. | 6 | 9. | 4 | 11. | 8 | 10. | 0 | |
Balanced Index is currently comprised of: 37.5% S&P 500 Index, 14.0% S&P MidCap 400 Index, 10.0% Russell 2000 Index, 7.5% MSCI EAFE Index, and 31.0% LB Aggregate Bond Index.
Schedule of Asset and Style Allocation
Report for Periods Ending December 31, 2006
| Asset Allocation |
|
Actual |
Target |
||
| Large Cap Equity |
40. | 9% |
41. | 0% | |
| Mid Cap Equity |
9. | 9% |
9. | 0% | |
| Small Cap Equity |
5. | 4% |
5. | 0% | |
| International Equity |
12. | 8% |
12. | 5% | |
| Fixed Income |
27. | 8% |
30. | 0% | |
| Public Real Estate |
3. | 2% |
2. | 5% | |
| Cash |
0. | 0% |
0. | 0% | |
| TOTAL |
100. | 0% |
100. | 0% | |
| Fund Managers |
|
||
| Bank Calumet |
Constellation Clover |
PIMCO |
|
| Marsico |
JP Morgan |
Scudder |
|
| Dodge & Cox |
MFS International |
Euro Pacific | |
| Tamarack |
Investment Committee
Bob Anadell, Retired IBEW, Chair
Nancy L. Clifford, Financial Strategies & Resources
Danette Garza, JD, MBA, CPA, Austgen, Kuiper & Associates, PC
William Joiner, Retired
Tory Prasco, Burke Costanza & Cuppy LLP
Robert J. Scott, Centier Bank
Tom Sourlis, Community Volunteer
Michael W. O'Donnell, Nisource
Bala Arshanapalli, Indiana University Northwest
For more information about Legacy Foundation investments, please call Nancy K. Johnson, President, at 219-736-1880 or email: njohnson@legacyfoundationlakeco.org
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