The investment objective of the portfolio is to preserve and increase the real inflation adjusted purchasing power of assets and to provide a predictable stream of real earnings to the Foundation.
The Board of Directors shall ultimately be responsible for the investment policy. However, the Board of Directors has delegated the day to day responsibilities of investing the Foundation assets to the Investment Committee.
In June 2002, The Spirit of St. Bernard Foundation chose the Greater New Orleans Foundation to manage its investment portfolio.
On a quarterly basis, the Investment Committee will meet to discuss the performance of the portfolio. The Investment Policy will be reviewed annually.
