Investing for our futures = growing assets

Dec 15, 2016

The Community Foundation of Johnson County was formed on the belief that working together we are a powerful agent for change. Collectively we work to achieve that goal and enhance the quality of life for every Johnson County resident by fostering countywide philanthropy by investing wisely.
Nothing is more important to long-term investment success than a clear philosophy.

Since our founding, the organization's policy has been to represent Johnson County. Our foundation's investment committee, made up of local board members and staff, stands firm on the principle that investing locally is good for the foundation and the organizations we champion.

From the very beginning, our board made the decision to use local advisors to invest our resources. We wanted to partner with financial institutions that are part of our community. Five local financial institutions and their professional staff assist the foundation with our ongoing investment strategy and help us meet our fiduciary responsibilities to donors and clients:

• Hills Bank and Trust Company
• MidAmerica Securities Management Co
• MidWestOne Bank
• UICCU Wealth Management
• US Bank

This investment approach has been in play since day one. Maintaining home ties has proven to be important to growing our endowment. Partnering with the foundation, our local financial institutions have provided competitive market-based returns. They provide features you can't see on our financial statements. We enjoy a strong relationship with these partners, and in turn, they provide the foundation with tangible resources, support, referrals and board members, confirming that local relationships work very well.

Our investment committee meets quarterly. Together, we work to balance growth, risk and investment decisions. Collaborating with businesses who have a vested interest and are part of the community makes communication easy – because they are local we can call on them at any time. They have knowledge of and similar goals specific to our area.

Choosing an investment philosophy and guiding principles that inform and shape the foundation's investment decision-making process is critical to our ongoing success and those we serve. Investing locally is a win-win. We are grateful for their expertise and management. They have our back and our best interest.

Mike Stoffregen, Executive Director, and Dean Price, Treasurer and Investment Committee Chair
Community Foundation of Johnson County



Tags:
Category: What's New