Specifications include, but are not limited to: A. The firm will act as a strategic investment planner for the JCCC Foundation to maximize the Foundation’s endowments by establishing and maintaining an investment portfolio that is consistent with the Foundation’s investment policy and strategies. B. The Foundation’s goal is to protect corpus, generate sufficient income to meet endowment payouts annually, increase net assets, while reducing risk to acceptable levels and maintaining approved asset allocations. Success will be measured by portfolio performance to pre-determined benchmarks on a total investment return basis. C. The firm, working with the Foundation Investment Committee, will assign a portfolio manager who understands the mission of the Foundation, and has a proven track record of successful asset management for nonprofit organizations. D. The portfolio manager will provide monthly statements and quarterly reports and analysis thereof based on the benchmarks and will attend meetings as necessary, at least once per year. Graphical and customized reports are necessary for Board reporting. E. The portfolio manager will, at least annually, review, analyze and advise the Board regarding the Foundation's investment policy. F. The portfolio manager will be responsive and meet all deadlines and schedules. G. The firm’s business philosophy, goals, objectives, and methodology should be presented to the Foundation in detail. The firm should describe investment results completed for other clients of similar size and non-profit corporations. H. The firm must have demonstrated ten-year minimum experience with managed endowments and document previous portfolio management experience of individuals designated to handle the Foundation’s account.
