Author: Ward Caswell

President’s Report – Spring 2017

Welcome to the second edition of the President’s Report. It’s been a busy six months since the last report of the Beveridge Family Foundation. In the following pages, I hope to share our progress.

Descendants of Frank Stanley Beveridge should be sure to read the “Bev Bucks” section near the end.

IMPACT INVESTING

As of April 30, 2017, the investment value of the Foundation was $55,710,723, up 3.6% since the previous report at the end of August 2016. The assets remain prudently invested among common sectors under the guidance of UBS.

The Beveridge Family Foundation seeks to expand the role of impact investing to help fulfill its mission. Different forms of investment solve some problems, but the need for scale, and operational funding point towards Social Impact Bonds (SIB). We hope to remove the barriers to expanding SIB’s. To find out how we’d like to achieve this, please visit the post on Impact Investing.

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President’s Report – Fall 2016

Welcome to the first President’s Report of the Beveridge Family Foundation. This report is designed to inform friends of the Foundation of highlights from the past six months.

As of August 31, 2016, the investment value of the Foundation was $53,778,327, up 1.8% for the year. The assets remain prudently invested among common sectors under the guidance of UBS. As a Foundation, we contribute 5% of our assets each year to approved charities.

Governance is overseen by a board of thirteen directors, consisting of ten family and three non-family members. Day-to-day operations are managed by the President, with assistance from GMA (bookkeeping), Edelstein, (auditors), Kenneth Wenzel (retained counsel), and Tim Turner (web programmer).

To date in 2016, we have awarded 60 discretionary grants totaling $267,000, 29 general grants worth $502,000, and provided monthly support amounting to $530,000 to The Stanley Park of Westfield, Inc.

In addition to our usual grant-making activities, a major focus the last six months has been to review and update our long-term goals and succession plans.…

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