FOUNDATION 2018-19 INVESTMENT FUNDS Total Account Value: $19,141,990*
*As of May 31, 2019
The O’Gorman Foundation Fund was established from the many gifts received through various fund drives to benefit O’Gorman High School prior to the formation of the Bishop O’Gorman Catholic Schools system in 1991. These dollars are to be invested and only a limited percentage of the fund is to be disbursed for use at O’Gorman High School. Balance: $1,027,638. The Teachers’ Endowment Fund was established through a capital campaign drive in 1991, allocating the first $500,000 from the drive toward an endowment to benefit Bishop O’Gorman Catholic Schools teachers’ salaries. Only a limited percentage from this fund is disbursed. Balance: $508,900. The Pooled Funds are defined as those funds established by donors which provide permanent support of the mission of Bishop O’Gorman Catholic Schools, whether in the form of teacher compensation, tuition assistance, scholarships, programs, capital improvements or other support. Unless otherwise stipulated by the donor, only a limited percentage from these funds is disbursed. Balance: $11,594,778. The Catholic Community Foundation for Eastern South Dakota represents current balances of endowments established through the CCFESD for the benefit of Bishop O’Gorman Catholic Schools. Balance: $6,010,674.
INVESTMENT POLICY Investment decisions are made using the following investment guidelines: • The long term investment objective is to provide reliable and sustainable income for the current needs of stakeholders and perpetuate the resources of the Foundation for future generations of beneficiaries. Therefore, the minimum investment return needs to be sufficient to offset spending and expenses. • Social and moral guidelines will be followed to avoid investing in companies whose activities either generate a profit or promote social change that conflict with teachings of the Catholic Church. As a result of excluding investment in firms that directly carry out immoral activities, it is the explicit intention to encourage those corporations that seek to protect the sanctity of human life and promote the common good. • The target asset allocations for the investment portfolio are set forth in the table below. • To maintain the proper allocation, it is the policy of the Foundation to periodically rebalance the portfolio in the event any asset class allocation differs by more than 20% of the stated target.
INVESTMENT POLICY TARGET ASSET ALLOCATIONS EQUITIES US Large/Mid-Cap Stocks 29% US Small-Cap Stocks 4% International/Emerging Market Stocks 32% TOTAL EQUITIES 65% FIXED INCOME 17% REAL ESTATE ASSETS/OTHER 18%
FOUNDATION INVESTED FUNDS
(5 Year Period)
• A Spending Rate not to exceed 4% of the investment portfolio’s market value each year is appropriate to meet the needs of SFCS. The rate is reviewed periodically in light of evolving trends within the economy. • No more than 10% of an active manager’s portfolio can be invested in any one security. This does not apply to U.S. Government or agency issues. • All fixed income securities will be of investment grade. 2016-2017
2018-2019 Annual Report for the Bishop O'Gorman Catholic Schools