Finances

Blue Mountain Community Foundation currently has over $60 million in assets. All funds are invested under the guidance of our Investment Committee and Board of Trustees. The majority of our assets are managed by BNY Mellon (“BNYM”) in the Foundation’s Long-Term Pool (Pool 1) and Environment, Social, Governance (ESG) Pool (Pool 2). BNYM is the largest manager of nonprofit investments in the United States and has provided investment management services for over 200 years.

Additionally, the Foundation has a Long-Term Pool (Pool II) that is professionally managed by Baker Boyer Bank Investment Management and Trust Services, as well as Pool III at Edward Jones Investments. Pool II and III fall under the Foundation’s “Alternative Investment Manager Program.” This Program allows donors or nonprofits who set up funds of at least $250,000 at the Foundation to request that the Foundation use a specific investment manager.

The objective of the Long-Term Pools is to preserve asset size in real term, and, by doing so, provide the same level of support (grants) in real dollars to future generations that current beneficiaries enjoy. The current long-term targets in the Foundation’s Investment Policy are 55 to 95 percent in global equity, 5 to 25 percent in fixed income, and 0 to 30 percent in alternative investments.

If you wish to obtain further information, please contact our office.