Financial Investment Approach

Last Updated (Wednesday, 25 August 2010 14:23) Written by Administrator Monday, 17 November 2008 19:15

The Foundation Board, with assistance from the Investment Committee, sets investment policy and regularly reviews the investment portfolio. The Foundation's goal is to provide for grant making in perpetuity. In order to attain this goal, the Foundation must earn sufficient investment returns to allow disbursements according to the spending policy, to pay the Foundation's administration expenses, and to grow the asset base so as to maintain the purchasing power of the investment portfolio. The long-term average real rate of return, as measured over moving 10-year periods, is expected to be a minimum of 5.5%.

The Investment Committee, composed of volunteers with senior level investment management experience, reviews the Foundation’s professional fund managers’ performance quarterly against established benchmarks. In the event that a new investment manager must be selected or an additional investment manager added to the existing investment managers, the Foundation will undertake an investment manager search utilizing an independent consultant.

Asset Allocation

(to be implemented over an appropriate time frame)

Target

Fixed Income
Canadian Equities
US Equities
International Equities
Real Estate
Infrastructure
Private Equity

20%
20%
20%
20%
5%
5%
10%

Investment Counsellors

  • Bentall Capital
  • Connor, Clark & Lunn Investment Management Ltd.
  • GE Asset Management Inc.
  • Global Infrastructure Partners
  • Mawer Investment Management Ltd.
  • Phillips, Hager and North Investment Management Ltd.
  • Standard Life Investments
  • State Street Global Advisors, Ltd.
  • Canadian Urban Limited
  • Northleaf Capital Partners

Main Fund Custodian

  • CIBC Mellon Global Securities Services Company