Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Capital Cities reports negative Q4 for foundation; board approves three‑year consulting amendment and related invoices
Summary
Capital Cities reported the foundation fell 2.3% in Q4 but gained 9.8% over 12 months. The board approved a three‑year amendment to the investment consulting agreement and approved advisor and audit invoices totaling $21,250.
Capital Cities, the foundation's fiduciary advisor, told the Porter County Government Charitable Non For Profit Foundation, Inc., that the portfolio had a negative return of 2.3 percent in the fourth quarter but a strong 12‑month return of 9.8 percent.
Amanda Black, Capital Cities' chief investment officer, said the foundation's market value at quarter end was about $192.8 million and that underperformance versus the benchmark for the quarter came mainly from active managers, which had exposure…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
