The fund has a horizon in perpetuity for providing long-term charitable support. The fund’s objective is for the corpus to grow over time to exceed the effects of grant making and inflation. The fund is invested in global equities, real assets, bonds and alternative investment strategies such as hedge funds and other less liquid assets that should earn a premium over publicly traded assets. Each year the annual spending rate is determined by CFT’s trustees.
The fund seeks long-term capital appreciation while providing some income or cash flow. The fund is invested in global equities, bonds, real assets and alternative investment strategies such as hedge funds. The fund is structured to tolerate volatility and is very liquid. This liquidity enables current giving and ongoing grant commitments.
The fund seeks long-term capital appreciation with less emphasis on providing income or cash flow. The fund is invested in global equities, real assets, bonds and alternative investment strategies such as hedge funds. The fund is structured to tolerate volatility and is very liquid. This liquidity enables current giving and ongoing grant commitments.
The fund seeks to preserve capital and generate limited capital appreciation on a total return basis. The fund is largely invested in fixed income securities with a modest allocation to high yielding real assets. The fund is structured to tolerate some volatility and is very liquid. This liquidity enables current giving and ongoing grant commitments.
The fund c
onsists of cash and cash equivalents. The fund serves as a vehicle for pending grants and commitments. Assets invested in this fund are expected to be distributed in the near term. The fund is highly liquid.
In October 2018, CFT launched a Social Impact Fund with a team of experienced environmental, social and governance (ESG) investment managers. The strategy focuses on ESG investment opportunities to deliver excess market returns over full-market cycles.
Sample investment considerations include:
- Environmental: sustainable resources, clean energy, low carbon emissions
- Social: health safety, weapons exclusions, diversity, labor relations
- Governance: board independence, executive pay, ownership structures