Page 12 - WOC Annual Report 2012

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The organization receives quarterly performance
reports but does not have to directly manage
their investments. Policies for investments and gift
acceptance are already established and implemented,
including socially responsible investing in accordance
with the Social Principles. This allows church servants
to focus their time and energy on local church and
organizational mission and ministry. As of December 31,
2011, there are 26 accounts with a total market value of
over $ 1.9 million.
Currently there are four investment funds available:
(1)
The Stable Fund
with an emphasis on safety backed
by U.S. Treasuries. (2) the
Fixed Income Fund
with an
emphasis on a high level income; (3) the
Balanced
Fund
with an emphasis on providing a balance
between long-term growth and current income; and (4)
the
Growth Fund
with an emphasis on providing long-
term growth with income.
In 2011, all conference boards with invested assets –
Board of Trustees, CF&A, Board of Pensions and Health
Benefits and Council on Development – worked
together to create a single
West Ohio Conference
Investment Policy Committee. The committee
evaluated current and prospective investment
managers and hired two new investment managers
to oversee the conference’s $35 million. One result of
this effort is the segregation of all funds for retired
clergy. While these funds, the largest component of
conference assets, are no longer reported in part as
Council on Development endowment assets, it is the
work of the council and others over a long period of
time that makes possible this important reserve for
clergy benefits.
Endowment Program
This program creates opportunity for local churches, organizations, and individuals of
the West Ohio Conference to place endowment funds with the Council on Development
for investment and administration and accounting purposes. This Endowment Program
ensures local churches, individuals and other affiliated United Methodist organizations that
their funds are receiving professional investment management. The program offers the
possibility of maximizing investment returns and minimizing investment expenses.
Endowment Fund Performance
DECEMBER 31, 2011
MARKET VALUE
TOTAL RETURN
4Q 2011
FY 2011
YTD 2012
Stable Fund* Inception Date: 5/1/08
$308,955
0.22%
2.35%
2.4%
Fixed Income Fund (new for 2012)
Balanced Fund* Inception Date: 8/1/07
$1,380,226
0.84%
4.74%
6.01%
Growth Fund* Inception Date: 10/1/07
$246,256
7.21%
3.37%
3.41%
Barclays Short Term Treasury Index
0.04%
0.09%
N/A
55/45 Russell 3000 and Barclays Interim Aggregate
7.07%
0.64%
N/A
70/30 Russell 300 and Barclays Interim Aggregate
8.76%
-1.34%
N/A
10
2011 Annual Report
FUNDING THE VISION
5