PURPOSE

The purpose of this Investment Policy is to provide a clear statement of the organization’s investment objective, to define the responsibilities of the Board of Directors, the CEO, and other parties involved in managing the organization’s investments, and to identify asset allocation guidelines and key criteria for decisions.

INVESTMENT ADVISOR

The organization does not currently require an investment advisor because of the amount of funds available for investment. The current policy is designed to carry minimal risk.  An investment advisor may be considered in the future.

INVESTMENT OBJECTIVE

Confluence Philanthropy’s mission is to transform the practice of investing by aligning capital with our community’s values of sustainability, equity, and justice. Confluence recognizes that all investments have an impact. We believe that investors should not compromise what matters to them in exchange for financial return. By aligning capital in all its forms with our values, we can build an economy that is sustainable and that takes care of people and the planet, together.

In alignment with our mission, the investment objective of Confluence Philanthropy is to preserve capital for future organizational growth and to continue to build an organizational reserve in the event of unexpected circumstances or shortfalls. To the extent possible we seek to align our investments and other financial decisions with our values and, within the context of our mission, seek competitive financial returns.

The organization will maintain a sufficient reserve, per our reserve policy, in a cash account, short-term money market funds, or other vehicles with comparable liquidity.

Confluence Philanthropy is a tax-exempt organization as described in section 501(c)(3) of the Internal Revenue Code. This tax-exempt status should be taken into consideration when making investment decisions.

IPS REVIEW

The Board will review the portfolio and the Investment Policy Statement on an annual basis. Revisions to the Investment Policy Statement will be proposed by the Investment Committee.