WCF - Wichita Community Foundation

Wichita Community Foundation Executive Investment Summary
September 30, 2008

Foundation Objective

The Wichita Community Foundation seeks to meet the standards of fiduciary responsibility as set forth in the Uniform Prudent Management of Institutional Funds Act (UPMIFA) by engaging the following investment management process:

Maintain Investment Guidelines, Policies and Objectives

Maintain Spending Policy to fund endowed programs

Perform "due-diligence"on investment options

Diversify the investment assets with "Prudent Experts"

Evaluate plan performance to stated objectives

Monitor the Foundation's investments through changing financial markets

Investment Performance

Annualized Performance

Quarter 1 Year 3 Year 5 Year 7 Year

Balanced Fund -9.3% -13.1% 2.2% 7.0% 6.1%

Benchmark -9.6% -17.1% 2.1% 6.6% 5.9%

The graph below illustrates the growth of $100 invested in the Wichita Community Foundation Balanced Fund (net of investment management costs) versus $100 invested in the fund's target benchmark comprised of 50% Russell 3000, 22.5% MSCI AC World Free ex U.S. and 27.5% Lehman Brothers Aggregate Bond Indices rebalanced quarterly.

Spending Policy

Annual grant distributions from endowment funds to qualified individuals and agencies will be based on five (5) percent of a three (3) year moving average of endowment fund market values, determined one year before the Fiscal Year in which the funds are to be distributed.

The information herein has been obtained from sources believed to be reliable, but no guarantee is made with respect to its accuracy or completeness

Wichita Community Foundation
200 W. Douglas, Suite 250
Wichita, Kansas 67202

Phone: (316) 264-4880
Fax: (316) 264-7592

e-mail: wcf@wichitacf.org