Current Market Volatility and the Challenges Ahead

When your Community Foundation developed and reviews our investment policy, we do so with the knowledge that we need to plan for economic challenges while being positioned to benefit from periods of growth. We acknowledge the first half of 2022 has been challenging, resulting in one of the worse 6-month performances in decades for the stock market. This has had a correspondingly negative impact on our investment portfolio, as is the case for most investors. Notwithstanding, we think it is prudent to demonstrate the diligence of patient investors, while working closely with our Portfolio Managers (Brown Advisory and Vanguard) to maintain a judicious approach.

We are concerned about the next 6 months; however, we remain confident that an approach that has served us well in previous years will do the same in the years to come. We are profoundly grateful for your support because our community needs your generosity, especially during challenging times. Therefore, we are committed to continue working diligently to meet and exceed your expectations.