INVESTMENT - The Seattle Foundation

INVESTMENT COMMITTEE
Mary Pugh, Chair
Pugh Capital Management
John Stanton, Board Member
Trilogy Partnerships
Community Representatives:
Tom Alberg
Madrona Venture Group
Joseph Boateng
Casey Family Programs
Maud Daudon
Seattle Metropolitan Chamber of
Commerce
Keith Ferguson
Univesrity of Washington
Alan Heuberger
Cascade Investment
Stan McCammon
Joshua Green Corporation
Dan Regis
Digital Partners
INVESTMENT
MANAGEMENT
OF SEATTLE FOUNDATION FUNDS
The Seattle Foundation
1200 Fifth Avenue, Suite 1300
Seattle, WA 98101-3151
Telephone (206) 622-2294
Fax (206) 622-7673
www.seattlefoundation.org

We recognize the trust you place in us when you entrust your charitable assets with
The Seattle Foundation and know how important our stewardship is to you and
the causes you care about most. As a prudent steward, we have an investment
management philosophy that honors our commitment to our fundholders and our
shared goal of building a healthy community. Our “total return” approach to investing
reflects our desire to build a long-term partnership of powerful, rewarding philanthropy.
All funds established at The Seattle Foundation are managed as provided by the
Investment Policy Statement approved by the Board of Trustees. The Investment
Committee oversees investment activities and selects and monitors investment
managers. An independent investment consultant has been retained to assist in the
management of investments. Our current consultant is Colonial Consulting, an advisory
firm that provides investment advisory services primarily to nonprofit institutions and
specializes in foundations and endowments.
INVESTMENT MANAGERS
Aberdeen Asset Management
Alcion Ventures
Ares Investment Management
Artio Global Investors
Artisan Partners
Aurora Investment Management
Brookside Capital
Brown Capital
Calvert Group
Canyon Capital Advisors
Colchester Global
Commonfund Capital
Cramer Rosenthal McGlynn
Denham Capital Management
Dreyfus
Eagle Capital Management
FLAG Capital Management
Forester Capital
GMT Capital
Harbourvest
INVESCO Private Capital
Loomis Sayles
Marathon Asset Management
Mason Capital Management
Mondrian Investment Group
Morgan Stanley
Northern Trust
Northgate Capital
Oaktree Capital Management
Owl Creek Partners
Park Street Capital
Patron Capital Advisors
PIMCO
Platte River Capital
RCG Longview
RCP Advisors
Regiment Capital
RREEF
Silchester International
TIFF Advisory Services
Vanguard
Varde Capital
Wellington
West River Capital
Westwood
WH Parallel Advisors
INVESTMENT POOLS
Balanced Pool
25%
20%
Intermediate-Term Pool
65%
10%
10%
10%
5%
Short-Term Pool
20%
5%
8%
8%
10%
16%
80%
8%
Outside Fund Management
Asset Class %
Domestic Equity 25%
International Equity 20%
Fixed Income/Cash 16%
Multi-Strategy 10%
Real Return 8%
Real Estate 8%
Private Equity 8%
Hedged Equity 5%
Asset Class %
Fixed Income 65%
Cash 10%
International Equity 10%
Domestic Equity 10%
Real Return 5%
Asset Class %
Cash 80%
Short-Term Bonds 20%
as of June 30, 2012
The Balanced Pool is our primary investment
pool. It reflects a “total return” approach to
investing and is focused on maximizing income
commensurate with the safety of principal,
thereby seeking capital growth over the long
term. As the best performing asset class varies
from year to year, this diversified portfolio
benefits fundholders by maintaining consistent
exposure to all asset categories.
To support a giving horizon of three to five
years, this pool invests primarily in fixedincome
securities and includes a relatively
small allocation to equities. Designed to avoid
volatility, this fund provides lower returns than
the Balanced Pool.
For fundholders with a time of less than two
years, the Short-Term Pool is typically invested
in money-market funds and short-term bonds.
It is not intended to produce any long-term
investment returns.
The Seattle Foundation accepts outside management of donor advised funds and
supporting organizations with $750,000 or more in assets. Evaluation of the fund
manager and approval by The Seattle Foundation are required. Funds remain assets of
The Seattle Foundation and outside managers are retained to manage on our behalf.