Silicon Valley Community Foundation’s investment committee is an advisory committee composed of board directors and community volunteers with deep investment expertise. Working closely with staff, the committee assists the board of directors in fulfilling its fiduciary responsibilities for prudent investment of the funds entrusted to the community foundation.
The role of the committee is to recommend policy and provide direction for the investment of the financial assets of the community foundation. Colonial Consulting has been retained by the community foundation to advise on policy, asset allocation and manager selection. Colonial monitors investments and provides performance reporting.
Alan Zafran* Committee Chair
Dan'l Lewin* Board Chair
Thurman V. White, Jr.*
*Members of SVCF's board of directors
SVCF's Investment policy is established by the investment committee.
The policy delineates the responsibilities of the committee, consultant and staff, and establishes various parameters for risk management, including portfolio diversification and liquidity. The investment policy defines risk tolerance and return objective, and establishes a strategic policy allocation designed to achieve these goals. The committee carefully considers capital market risk and return estimates to ensure the policy allocation is appropriate for the investment objective of each pool.
The investment committee reviews the policy annually. Given our long-term view, the policy is revised infrequently and in modest ways. Revisions will be made in response to changes in long-term investment objectives or risk tolerance, fluctuations in economic and investment market conditions, the inception of new asset classes or other factors.