Our goal is to maximize donors’ gifts to make a greater impact in our community.
All assets are managed consistent with sound and prudent fiduciary practices, and comply with all applicable laws including the Uniform Prudent Management of Institutional Funds Act as adopted in North Dakota and Minnesota.
An Investment Committee, appointed by the FM Area Foundation Board of Directors, is responsible for implementing the Investment Policy as directed by the Board of Directors and act with care, skill, prudence and diligence.
Investment related objectives for the FM Area Foundation are:
Over the longer-term (5 year horizon) the assets are expected to yield annual income at a rate equal to, and preferably greater than, the market aggregate of investment grade securities. Assets are expected to generate a reasonable risk-adjusted total return, given normalized capital markets. Emphasis is on investments which assure the return of invested principal over the return on money invested.
Fiduciary standards of prudence apply to investments of the Foundation. Given a range of risk from very low to very high, endowment investments should carry a moderate level of risk.
All investments of Foundation assets will be made in accordance with the guidelines set forth in the Investment Policy. Diversification of assets should be employed.
Because the Portfolio is expected to endure into perpetuity, and because inflation can have an impact on its Performance Objective, the long-term risk of not investing in growth securities outweighs the short-term volatility risk.
The Foundation’s assets are invested at the following institutions:
- Bank of the West
- Bell Bank
- Bremer Bank
- Edward Jones – Mike Richards
- Edward Jones – Cindy Magnuson
- Edward Jones – Jon Simmons
- Edward Jones – Paul Zenker
- Edward Jones – Matthew DeVries
- Eide Bailly Financial Services
- Greater Midwest Financial Group
- Heartland Trust Company
- Merrill Lynch- Engen Neuenschwander & Associates
- Merrill Lynch – Nomeland Heilman Group
- Merrill Lynch – Ken Astrup
- Prairiewood Wealth Management
- RBC Wealth Management
- Thoreson Steffes Trust Company
- UBS Financial Services
- US Bank
- Waterfront Financial Group
- Wealth Forward
- Wells Fargo
- Wells Fargo Advisors