The Pittsburgh Foundation is committed to prudent investment management strategies and fiscal policies, which it believes will lead to the long-term growth of endowment fund principal and will also provide a consistent level of annual grants to charity.
Our Investment Committee, which is appointed by the Foundation’s Board of Directors, is charged with designing, administering, and monitoring the results of these investment strategies and fiscal policies. At regular intervals, the Foundation’s Investment Committee evaluates the performance of the portfolio and the component investment managers relative to stipulated benchmarks and against national peer institutions.
Our investment goal is to maximize total return in any combination of its income or capital appreciation components. We believe this approach provides the fewest constraints on our investment managers and therefore, puts us in a better position to demand superior investment performance results.