Investment Governance
Management of our community’s philanthropic assets is a significant responsibility, one that Seattle Foundation exercises with great discipline and care. The Board of Trustees is responsible for management of investments, and it exercises this role by issuing an investment policy statement specifying available investment options and asset allocations. The Board also appoints members and establishes the guidelines for the Investment Committee.
The Investment Committee, a standing committee of the Board of Trustees, is charged with overseeing the investment activities of the Foundation. This includes advising the Board of Trustees on the investment policy, asset allocation strategies to meet the return objectives, and monitoring portfolio performance. The committee consists of eight members selected for their investment expertise and judgment.
Seattle Foundation also hires an independent investment consultant to assist in the investment management. The consultant provides guidance on the selection and monitoring of investment managers, allocation of assets among asset classes, management of other portfolio risk and all other aspects of portfolio management. The consultant is compensated strictly on a fee basis and receives no compensation in connection with the management of the Foundation’s assets from any other sources. Currently, the investment consultant is Crewcial Partners in New York City.
The Seattle Foundation’s Investment Committee currently includes the following members:
Joseph Boateng, Chair
Mr. Boateng joined Casey Family Programs as its first Chief Investment Officer in 2007 and is responsible for overseeing the foundation’s $2.2 billion endowment. Before joining Casey, he was a member of the Johnson & Johnson Investment Committee, responsible for managing over $17 billion. Mr. Boateng received his MBA from University of California Los Angeles and is an alumnus of the Said Business School at Oxford.