Institutional-grade governance, transparent reporting, and disciplined investment management — your gift is professionally managed.
The CKA Endowment operates under a formal governance framework designed to protect donor intent, ensure prudent stewardship, and maximize long-term returns. The Endowment Committee is guided by three foundational documents:
Define the committee structure, roles, responsibilities, voting procedures, and succession protocols that govern the endowment.
Establishes asset allocation targets, risk tolerance parameters, rebalancing rules, and performance benchmarks for the portfolio.
A rules-based distribution formula (currently 4.5% of trailing 12-quarter average) ensures sustainable payouts without eroding principal.
Annual independent audits, quarterly committee reviews, and adherence to UPMIFA guidelines ensure full legal and fiduciary compliance.
The endowment portfolio is constructed for long-term growth with institutional diversification. Allocations are reviewed quarterly and rebalanced to target weights.
| Asset Class | Target | Allocation |
|---|---|---|
| U.S. Equities | 40% | |
| International Equities | 20% | |
| Fixed Income | 25% | |
| Alternatives & Real Assets | 10% | |
| Cash & Equivalents | 5% | |
| Total | 100% |
The portfolio targets returns that exceed inflation plus the distribution rate, ensuring the endowment grows in real terms over time.
No single asset class, sector, or security dominates the portfolio. Diversification is the primary risk management tool.
The committee prioritizes low-cost index funds and institutional share classes to maximize net returns to the endowment.
Restricted gifts are tracked separately and spent only in accordance with the donor's stated purpose. Nearly 75% of endowed funds carry donor restrictions.
Annual audited financial statements, quarterly performance reports, and an endowment annual report are available to all donors and stakeholders.
Committee meets to review portfolio performance, rebalance if needed, and approve distributions for the upcoming quarter.
Independent audit of endowment financials, internal controls, and compliance with IPS and spending policy.
Published report to donors and community summarizing performance, distributions, impact, and committee activities.
Annual review and update of the Investment Policy Statement to reflect any changes in objectives, risk tolerance, or market conditions.
Our most recent audited financial statements and endowment performance report are available upon request.
Request ReportYour gift is managed with the same rigor and discipline as an institutional endowment.
For questions about governance, investment management, or reporting, contact the Endowment Committee.