Committees
Executive/Personnel Committee Finance Committee Youth Advisory Committee Communications/Fund Development
Investment Program
Under the supervision of the Investment Committee, the assets of the Community Foundation are pooled into a diversified investment portfolio. The Community Foundation’s primary investment goal for funds invested for the long-term is the generation of maximum long-term total return within levels of risk determined to be prudent by the Committee. Such investment is designed to achieve the total return necessary in an effort to preserve the principal of the funds after deductions for expenses, inflation, and the distribution amounts prescribed by the Spending Policy of the Foundation. Ideally, the Committee seeks to achieve net returns greater than those of a composite benchmark comprised of those indices identified by the Committee as most appropriate for the portfolio. Diversification of investments is one of the Committee’s primary strategies for fulfilling the Foundation’s responsibilities. Since the selection and weighting of asset classes is one of the main determinants of both investment return and volatility, the selection of those classes and the allocations among them are regularly and carefully considered and monitored by the Investment Committee.
The assets of the Baraga County Community Foundation are now under the Investment Management of the Range Bank, Trust & Wealth Management of Marquette, Michigan. The portfolio returns commonly achieved net returns equal to or greater than those of a composite benchmark comprised of those indices identified by the Committee as most appropriate for the portfolio.