The Board of Directors of the Wichita Community Foundation approaches the investment of Foundation resources with a perspective of stewardship, balancing the need for current cash flow to fund current grants with the need for growth in the portfolio to provide for the future needs of the community. As such, the Board seeks to meet the standards of fiduciary conduct and prudence as set forth in the Uniform Management of Institutional Funds Act and the Uniform Prudent Investors Act.

The Board is guided by a seven-step process for investment management:

1. Monitoring On-going Position vs. Mission Statement.

2. Maintaining Appropriate Spending Policy.

3. Maintaining Written Investment Policy Statement.

4. Analyzing Asset Allocation Structure (Maintaining Optimal Portfolio).

5. Implementing Investment Policies and Objectives.

6. Monitoring Investment Performance and Activity to Stated Objectives.

7. Completing a Fiduciary Audit: Regular review of steps 1-6 and re-balancing portfolio to changing economic conditions.

The Investment Committee of the Board of Directors meets quarterly, along with contracted professional management consultants, and is responsible for maintaining the process and recommending appropriate action, as needed, for full Board approval.

The investment portfolio is broadly diversified among asset classes based on investment return expectations, risk expectations, and correlation coefficients. Professional investment advisory firms provide expertise for security selection among asset classes.

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

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

e-mail: wcf@wichitacf.org