Black Professionals Association
Charitable Foundation Fund Honoring Allmond, Baker, Harris August 16, 2022
BPACFHighlightsFund $ USD 2018 2019 2020 Beginning Assets $225,631 $213,496 $248,584 $283,939 Contributions $50 $325 NetDistributionsInv.Earnings* ($12,185) $35,088 $35,030 $34,705 ($48,239) Ending Assets $213,496 $248,584 $283,939 $318,644 $270,406 *Net of fees Inception to Date Change in Assets Note: Fund inception February 1996 Fund Details Distribution Frequency: Disbursements available upon request Spending Policy: 6% Fees: 150 Basis Points Investment Pool: Cleveland Foundation Flagship Pool Available spend balance for 2022: $166,705 Cleveland Foundation Contact: Brenda bcummins@clevefdn.org216.615.7158Cummins Contributions Distributions Net Inv. Earnings Ending Balance $300,000$250,000$200,000$150,000$100,000$50,000$- $118,302 $270,406 $37,000 $189,104
BPACF Fund Advisor Information Advisor Role Online Access Login Statements Meltrice Sharp Primary Advisor Read Only msharp statementsElectronic Laurie Murphy Advisor Read Only Laurie.murphy@bpacf.org StatementsElectronic Cheryl Lindsay Representative None N/A None
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Fees: 8bps AUM: $51M
A diversified, socially responsible investment portfolio utilizing active and passive funds.
75 % 20%5%
Fees: 92bps AUM: $631M
TCF Socially Responsible Investment Pool Fees: 22bps AUM: $88M
Fees: 0bps AUM: $17M
A low-cost passive portfolio that seeks to keep pace with spending requirements over a full market cycle.
TCF Racial Equity Investment Pool
Utilize and/or publicly traded money market funds to generate a competitive return with emphasis on capital preservation.
12/31/2021
TCF Balanced Pool Fees: 9bps AUM: $14M
TCF Flagship Pool
Fees: 30bps AUM: $16M
TCF Growth Pool
50 % 45 % 5% 0.5 3 20.0% 10. 0% 5.0 % 10. 0% 0.0 3
60 % Target Allocation
Utilize best-in class institutional investment managers to generate strong riskadjusted performance over a full market cycle.
8 80 % 15 % 5%
bank managed
TCF Money Market Pool
100%
Long-term investments that convey racial equity mission
Utilize low-cost passive exposure to capture broad market beta and use tactical asset class allocation tilts to add value over a market cycle.
Equities Alternatives Private Equity Real Assets Fixed Income Cash
In-house Investment Options
• Excluding private prisons & prison services; suppliers to US/Mexico Border Operations
Inclusion in Leadership
Racial Equity Investment Pool
• Investing only in companies with 50% greater minority representation on board of directors than R3000
Environmental & Equity Concerns
Inclusion in Leadership
• Investing only in companies with 20% females on Board and in Leadership Team as well as one minority on Board
Both pools have a Cleveland Place based tilt
Access to Capital
• Slightly higher allocation to CLE companies that share our values
Access to Equal Justice
• Excluding private prisons and civilian firearms
SRI Pool Asset Under Management Jun. 2016 to Jul. 2021
• No investments in predatory lending vendors (payday loans)
Socially Responsible Investment Pool
Mission-aligned Investment Options
• Only Carbon Free stocks
• Excluding civilian firearms and tear gas manufacturers
$92M $0.5M
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Last update: 1/20/2022
Last updated April 2022