Investing for Good.
The overall investment strategy of The Mankato Area Foundation is to preserve and enhance the charitable purchasing power of our funds over time. To accomplish this, we retain an independent investment advisor who works with MAF’s Investment Committee to invest our funds pursuant to our Investment Policy. To see a copy of our Investment Policy Statement click here.
The Investment Policy is designed to provide an average annual return of 5% over the rate of inflation, net of investment management fees paid. In 2012-2013, the investment return for our Long Term Funds was 12.4%. The philosophy is that endowed funds provide a solid rate of return above inflation over time and maintain their charitable purchasing power to help shape our community for good.
"The Mankato Area Foundation recognizes stewardship of assets entrusted to us as one of our most important responsibilities. I am proud to chair the committee that oversees the investment of assets. This committee is made up of highly qualified individuals from this area—representing the legal, investment, accounting and wealth management fields. The Foundation invests the assets so that the earnings and appreciation can be used for future grants. We adhere to high standards of operational excellence and an investment policy that is regularly reviewed, updated and approved by the Foundation’s board of directors. "
- Tom Sernett, Investment Committee Chair