How We Invest

The MIPC Foundation’s current investment policy was adopted October 2, 2009.  The investment policy’s strategically balances portfolio needs for income and growth. The Foundation assets are well diversified, typically through the use of mutual funds and exchange traded funds.

The Foundation’s most important objectives are to grow the endowment fund and to make distributions to support mission projects for the church.  Long term investment objectives include preservation of purchasing power of the portfolio and to allow for distribution to mission projects of 3.5% of the portfolio value each year.  Regular quarterly distributions are currently being made of 0.875% of total assets, distributed every quarter.

The Foundation’s risk tolerance reflects both its financial capability to accept risk and its willingness to accept fluctuations in the portfolio with value.  The asset allocation model is for balanced funds.

The target assets allocation is roughly 43% in stocks (balanced between U.S. and non-U.S. investments); 42% in bonds; 10% in non-traditional assets and 5% cash.  The investment policy is reviewed at least annually with the Foundation’s investment advisors, Kaufman Kampe Advisors, LLC.  All assets are maintained in Schwabe Institutional accounts.

 The Foundation's portfolio is further allocated as follows:

Undesignated Fund

To expand and enrich the mission endeavors of the congregation beyond the operational budget, and to further the church's long-range goal of devoting 50% of its disbursements to mission work.

LAMP (Local Area Mission Projects)

LAMP was established in 1991 by Jack and Carol Fisher for local area mission projects as
recommended by the Mission Committee. The purpose is to engage the members of the congregation in local hands-on mission experiences.

Edson and Muriel Coar Children's Fund

Established in 1997 by Muriel Coar in memory of Edson Coar, this fund supports special projects for the Sunday School on a three-year revolving cycle, starting with the high school, then the grammar school and middle school. Distributions have been made annually since March 31, 1999.

Lois and Bruce Peters Fund

Established in 1997 by Bruce and Irene Peters in memory of Bruce's parents, Charles and Lois Peters. Income from this fund is apportioned 75% to the Parker Heights Presbyterian Church, Wapato, WA, and 25% to the MIPC Music Department. Distributions have been made at least semi-annually since September 30, 1998.