Financials

How We Manage Our Assets and Investments

At the Marion County Healthcare Foundation, we take our fiduciary responsibilities seriously. In order to ensure proper oversight of our assets we have a multi-tiered system of asset management:

Our Board of Directors has ultimate responsibility to oversee the prudent investment of our assets. Our Board of Directors is composed of prominent community leaders with expertise in finance, law, business, education, religion, medicine, the nonprofit sector, and other fields that bring critical knowledge to the operations of the Healthcare Foundation.

Our Investment Committee monitors our investment performance and activity regularly. This highly qualified group meets on a quarterly basis. Among its various responsibilities the committee recommends to the Board specific policies relating to the Foundation's investments.

The Marion County Healthcare Foundation Investment Policy specifies the long-range investment goals such as generating ample income to protect and grow principal while generating an annual "distribution" to cover grants, fees, operations and surpass inflation. The Policy also provides guidelines for asset allocation such as regular re-balancing and diversification to maintain a defined mix of certain asset classes (equities, fixed income, cash, etc.).

The Finance Committee meets monthly and is responsible for reviewing and monitoring the Foundation's operational finances. The Finance Committee establishes and recommends to the board sound fiscal policies as well as sets the annual budget for grant distributions.

If you have questions about how we manage our investments please feel free to contact us.


Committed to Caring for the Community