Investment Policy Statement

The Public Welfare Foundation's Investment Policy Statement (IPS) outlines guidelines for managing the foundation's assets to support long-term grantmaking. Key objectives include maintaining real purchasing power, balancing risk, and promoting diversity, equity, and environmental, social, and governance (ESG) goals. The IPS restricts investments in private prisons and firearms and emphasizes diverse asset management. Oversight responsibilities are detailed for the Board, Finance Committee, and Fund Manager. The policy includes asset allocation, spending limits, and risk management benchmarks.