Endowment Governance

The LCFEF Endowment is governed by the LCFEF Board of Directors and the Endowment Trustees. The board of directors elects at least 5 trustees (currently 7) to serve a five year term. Trustees are selected based upon their familiarity with and support of the LCFEF mission and their legal and or/financial backgrounds.

 

Endowment Trustees are responsible for financial oversight, including the accounting, custody and investment of funds. Trustees also determine the annual gifting policy of the endowment, which, per endowment bylaws, ranges between 5% and 0% of the endowment corpus.  Trustees convene quarterly and additionally as needed.

 

LCFEF board members serve on the Endowment Committee and play a vital role in planning endowment fundraising campaigns/events and endowment communications.  Committee members attend quarterly endowment meetings with the trustees.

 

Endowment funds are currently in the custody of The California Community Foundation (CCF).  CCF also manages the endowment investments in its Permanent Pool.  The objective of the Permanent Pool is long term growth of capital.

 

Hutchinson and Bloodgood, LLP provides audit services to the endowment.

 

Endowment Bylaws  |  Endowment Disclosures

Caroline Anderson - Foundation President

Caroline Anderson

Foundation President
Robert Olson - Co-Chair, Endowment Committee

Rob Olson

Co-Chair, Endowment Committee
Coming Soon Default Photo

Matt Weber

Co-Chair, Endowment Committee
Coming Soon Default Photo

Lakshmi Dastur

Trustee
Coming Soon Default Photo

Bob Cooper

Trustee
Kevin Martin - Trustee

Kevin Martin

Trustee
Craig Mazin - Trustee

Craig Mazin

Trustee
John Petersen - Trustee

John Petersen

Trustee
Stephanie Fossan - Trustee

Stephanie Fossan

Trustee
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