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Financial Information

As a public charity, The Oregon Community Foundation adheres to the highest standards for operating in the public view and in the public interest. We invest our permanent funds to provide a perpetual resource for Oregon.

  • Investment Management

    Investment Management

    Stewardship of charitable funds is one of OCF's most important responsibilities. Our broadly diversified investment portfolio is structured to produce investment returns that exceed market averages, particularly in down markets.

    Our investment programs combine the assets of permanent charitable funds for investment. Each fund benefits from the strength of a large, pooled portfolio. The result is high-quality, diversified investment management at reasonable fees and costs.

    Investment Committee

    OCF's investment managers collaborate with an outstanding investment committee comprising knowledgeable and experienced volunteers. The committee oversees the investment program and makes recommendations to the board of directors regarding investment policy, strategy and management. Cambridge Associates, an international investment consulting firm, assists the committee in its work.

    Investment Committee Members

    William Berg, chair - Portland

    Karen Harding - Portland

    Lyn Hennion - Medford

    Tim Mabry - Hermiston

    Chris Magaña - Portland

    Duane McDougall - Lake Oswego

    Garth Nisbet - Lake Oswego

    Ron Parker - Portland

    Eric Parsons, Portland

    William Rutherford - Portland

    Lane Shetterly - Dallas

    Duncan Wyse - Portland

    Current Investment Managers

    Our investment managers as of December 31, 2016 provide a diversity of styles.

    Marketable Alternative Assets

    Arlington Fund — OCF Series (diversified portfolio of 22 limited partnerships)

    Private Capital

    Private Equity Investments (96 limited partnerships)

    Inflation-Hedging Investments

    Tortoise MLP Strategy

    Vanguard Energy Fund

    Morgan Stanley International Real Estate

    Global Fixed Income

    Income Research + Management

    1607 Capital Taxable Fixed Income

    Private Diversifiers (1 Limited Partnership)

     

  • Investment Results

    Investment Results

    Annualized returns for periods ending June 30, 2017:

    Quarter 3.0%
    Trailing 1 Year 13.9%
    Trailing 5 Years 7.4%
    Since Inception 6.3%

    Private Equity is 10% of the portfolio, this is reported on a one quarter delay so these are the most accurate figures. 

    Asset allocation at June 30, 2017 was as follows:

    Asset Type Actual Target Range
    Global Equity 53.7% 48.0% 30%-65%
    Absolute Return 16.0% 15.0% 10%-30%
    Private Equity/Venture Capital 9.5% 15.0% 5%-20%
    Real Assets 10.4% 10.0% 5%-20%
    Fixed Income 9.3% 12.0% ---
    Cash and Equivalents 1.2% 0.0% ---

     

  • Social Investment Option

    Social Investment Option

    OCF’s Social Investment Pool was established in 1991 as an investment option for donors who request that their funds’ assets be invested with social screens applied. Investments in the Social Investment Pool must meet criteria set forth in OCF’s Social Impact Pool Policy
     
    Target asset allocation for the Social Investment Pool is 70 percent equities and 30 percent fixed income. Currently, Boston Common Asset ManagementGeneration IM Global Equity Fund,  Generation IM Asia Fund, and BlackRock MSCI World Equity ESG Screened Fund manage the equity portion of this pool. Fixed-income assets are invested in the Breckenridge Capital Advisors Intermediate Sustainable/Gov't Credit, and Vanguard Intermediate-Term Treasury Fund.
     

    Annualized returns for periods ending September 30, 2017:

    Quarter 3.0%
    1 Year 15.2%
    3 Years 8.3%
    5 Years 9.3%
     
     
    The Social Investment Pool’s Asset allocation at September 30, 2017 was as follows:
     
    Global Equity 71.6%
    Fixed Income 27.5%
    Total Portfolio 100.0%
     
  • OCF Financials

    OCF Financials

    Audited Financial Statements

    2016 Audited Financial Statement [PDF]

    IRS Form 990

    IRS Form 990 provides annual financial information about the Foundation's assets, investments, expenses, and grant awards. 

    2016 IRS Form 990

    IRS Form 990-T is available upon request.

     

  • Administrative Fees

    Administrative Fees

    Through careful management and use of volunteers, OCF keeps its expenses low while providing high-quality services to donors and grantees. Each OCF fund pays a proportionate share of the Foundation's administrative costs, based on an annual fee structure.

    Historically, OCF's administrative fees have been among the lowest compared to community foundations nationally. In November 2010, the OCF board of directors approved a modest increase in fees. This will allow OCF to carry out its mission while keeping fees on the low side.

    Current Fee Schedule

      Rate

    Permanent Funds (Community, Advised, Designated)*

     
    First $2 million 0.95%
    Next $4 million 0.85%
    Next $14 million 0.55%
    Amounts > $20 million 0.35%
       

    Scholarship Fund**

     
    First $2 million 0.95%
    Next $4 million 0.85%
    Next $14 million 0.55%
    Amounts > $20 million 0.35%
    **Plus an additional 10% of the amount of scholarships awarded  

     

    Endowments for Other Nonprofit Organizations

     
    First $1 million 0.50%
    Next $4 million 0.20%
    Amounts > $5 million 0.10%
     

    *Community funds and advised funds that award scholarships are assessed an additional fee for scholarship administration.

    The minimum annual administrative fee for an advised fund is $475.

    Funds with special grant programs are assessed an additional fee of 0.25%(maximum of $25,000 additional fees).

    (Rates shown do not include investment management costs.)

     

    Investment Management Costs

    OCF allocates the costs associated with investment management proportionally to the individual funds in its investment pool. These costs include fees paid for professional management; independent investment consulting fees; and legal fees associated with the investment program.

    The fees of individual managers vary depending on the the size of the portfolio and the type of assets being managed (e.g., management fees for fixed-income investments are typically lower than fees for equity investments). Total investment costs fluctuate depending on how assets are allocated among managers and among investment categories.

    OCF’s investment returns are stated net of investment management costs.