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Navy Supply Corps Foundation · PDF file Navy Supply Corps Foundation September 2015 . ... Foundation Financial Policy Statements Investment Advisory Committee Report (Dennis Collins)

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  • Foundation Treasurer Report

    CAPT Charles W. Parker, III, SC, USN

    Navy Supply Corps Foundation

    September 2015

  • Agenda

    Treasurer Role and Responsibilities

    Foundation Financial Policy Statements

    Investment Advisory Committee Report (Dennis Collins)

    Budget 2016 Review (Kurt Williams)

    External 2015 Financial Audit (Jack Evans)

    August 2015 Internal Audit (Jim Stoltz)

    Chapter Financial Reporting Project

    Comments / Recommendations

  • NSCF Treasurer Role and Responsibilities

    Reports to the Board of Directors; member of the Executive Committee

    Financial Operations: reports preparation to the Board

    Corpus: oversees Foundation investment activities

    Budget Planning: reviews requirements and submits annual budget

    Budget Execution: coordinates with CSO on budget administration

    Financial Policy: development and execution, including auditing

    Committee Oversight:

    • Investment Advisory (Dennis Collins, Chair)

    • Finance and Budget (Kurt Williams, Chair)

    • Audit (Mike McCleary, Chair)

    Other responsibilities as directed by the Foundation Board or Chair

  • Foundation Financial Policy Statements

    Provides specific guidance to foundation financial activities:

    Investment (2001):

    • Major update 2009, proposed changes for 2015

    Financial Operations (2012):

    • Chapter Financial Reporting Section proposed for 2015

    • Business Continuity Plan Section proposed for 2015

    The Chapter Finances and Business Continuity Plan Sections are

    new proposed requirements for the Financial Operations Policy

    Statement, and are detailed separately in this presentation.

  • Investment Advisory Committee (IAC) Report

    September 2015

    CDR Dennis Collins, SC, USN

  • IAC Report

    IAC Members

    IAC Process & Methodology

    Economy / Capital Markets Review

    Actions Taken Since Last Board Meeting

    08/31/15 Portfolio Review

    Motion to adopt Investment Policy Statement by board

    Comments / Recommendations

    A G E N D A

  • IAC Members

    Dennis Collins, MBA, CFP, CIMA, CPWA (Chairman)

    Chuck Parker, MBA, PhD (Treasurer)

    Mike Kalas, MBA, CFP (Past Chairman)

    Dan Pionk, MBA, MS

    Pete Eltringham, MBA, MS

    Jack Evans (Chief Staff Officer)

    John Drerup, MBA, MS

    Joe Dunn, MSc, MS

    Nate Johnston, MBA

    Greg Sceviour

    Bill Withrow

    Eric Schuck

  • Dennis Collins, CFP®, CIMA®, CPWA®

    • BS - DePaul University; MBA- University of Denver

    • Partner, Chapel & Collins Wealth Management

    • Registered Principal, Raymond James Financial Services, Inc.

    • 19 years of financial industry experience advising families, foundations and corporate clients

    • Commander, Supply Corps, US Navy Reserve

    Meet the IAC

    Guide to Designations CFP® Certified Financial Planner™ AIF® Accredited Investment Fiduciary CIMA® Certified Investment Management Analyst CPWA® Certified Private Wealth Advisor

    Michael R. Kalas, CFP®, AIF®

    • BS – USNA, Annapolis, MD; MBA – Southern Illinois

    University, Edwardsville, IL

    • Owner/President, Potomac Financial Private Client

    Group, LLC, McLean, VA

    • Registered Principal, Commonwealth Financial Network, LLC

    • 18 years of financial industry experience advising families, foundations and corporate clients

    • Captain (Retired), Supply Corps, US Navy

    Peter S. Eltringham • BS – University of South Carolina; MBA- Bryant

    University; MS – National Defense University (ICAF)

    • Principal, At Turning Point LLC-1 year; Not So Silent Partner,

    Nice Legs LLC Wine Distributors; Chair, Fauquier County,

    Virginia Transportation – 4 years; Former Vice President, Telos

    Corporation - 9 years

    • 29 years of USN service - 12 in major command and headquarters staff financial/budget positions

    • Captain (Retired), Supply Corps, US Navy

    Daniel Pionk

    • BS – Ferris State University; MA – U.S. Army War College;

    MBA – Regis Jesuit University

    • Self-Employed Commodities and Futures Trader

    • 22 years risk management and executive management consulting to Manufacturing and Consumer Product corporations

    • Captain, Supply Corps, US Navy Reserve

    Charles W. Parker, III

    • BA – Yale; MBA- University of Chicago; PhD – London

    School of Economics

    • Senior Consultant, Control Risks, Mexico City, Mexico

    • Prior experience as Adjunct Professor of economics, business and international relations and as Client Executive at IBM

    • Captain, Supply Corps, US Navy Reserve

    John W. Drerup, Jr.

    • BS – U. S. Naval Academy, MS- University of Florida; MS-

    Personal Financial Planning, The College for Financial

    Planning

    • Investment Management, The Burney Company, since

    2004

    • Captain (Retired), Supply Corps, US Navy

  • Meet the IAC

    CDR Nathan Johnston, SC, USN

    • BS – U. S. Naval Academy; MBA – Naval Post Graduate School

    • Commanding Officer of Navy Cargo Handling Battalion ONE

    • 17 years of Government Financial Management, General Supply, Training/Operational Certification, and Expeditionary Logistics Experience

    CAPT Joe Dunn, SC, USN

    • BA – University of Denver; MS – London School of Economics; MS – Naval Post Graduate School; Senior Executive Program – Columbia University

    • Commander, DCMA Lockheed Martin Moorestown

    • Chartered Financial Analyst Candidate

    LT Greg Sceviour, SC, USN

    • BS – Old Dominion University

    • NACO Intern, DLA Aviation

    • Chartered Financial Analyst Candidate

    Eric Schuck, PhD

    • BA – Pacific Lutheran University; MA – University of Montana; PhD – Washington State University

    • Professor of Economics at Linfield College

    • 15 years experience as a professor. Author of 17 journal articles and two-time Fulbright Specialist grant recipient . Expertise in agricultural and natural resource economics.

    • Lieutenant Commander, Supply Corps, US Navy Reserve

    Bill Withrow

    • BS – University of Colorado; MBA – Harvard University

    • Former Mayor and Councilmember, Alameda, CA

    • 20+ years experience in financial industry, retiring from Wells Fargo and Company. Former Chair of the Robert Lippert Foundation and current Trustee of Peralta Colleges.

    • Captain (Retired), Supply Corps, US Navy

    Craig P. Doyle

    • BA – Arizona State University; MBA – Wharton, University of Pennsylvania; MA - U.S. Army War College

    • President, Sequence Media Group

    • 32 years of financial industry experience in commercial banking, and consulting to financial institutions on strategy, operations and credit risk management

    • Captain, Supply Corps, US Navy Reserve

  • Economy/Capital Markets Review

  • Economy/Capital Markets Review

  • EconomyCapital Markets Review

  • Economy/Capital Markets Review

  • IAC Process & Methodology

    Monthly Meetings

    Strict investment discipline

    Guided by NSCF Investment Policy Statement (IPS)

    Continually improve metrics to gauge performance and allocation

    Periodic evaluation of strategy vis a vis other foundations/institutions

  • Actions Taken Since Last Board Meeting

    Monthly Conference calls/web conferences

    Continuing to reallocate a portion of fixed income to unconstrained, short

    term & multi-sector bond managers

    Reducing exposure to alternatives

    Cash Flows

    $250,000 dispersed for scholarships

    $9,000 contributed to portfolio by stock donations

  • 3.7%

    23.7%

    29.5%

    16.1%

    19.9%

    4.2%

    2.9%

    Cash & Cash Alternatives

    Fixed Income

    Large Cap US Equity

    Mid/Sm Cap US Equity

    Non-US Equity

    Real Assets

    Alternatives

    08/31/15 Portfolio Review

  • 08/31/15 Portfolio Review

  • 08/31/15 Portfolio Review

  • Discussion

    Investment policy update

  • 08/31/15 Portfolio Review

    -

    -

    PONDX PIMCO INCOME D - $102,659 -

    LSBRX LOOMIS SAYLES BOND FUND R - $177,678 - - - - -

    - - - -

    - - - -

    $52,886

    $442,306

    -

    $241,929

    - - -

    -

    $289,741

    -

    Symbol Asset Description Ca sh & Ca sh

    Alte rna tive s Fixe d Inc ome

    La rge Ca p US

    Equity

    Non- US

    Equity Re a l Asse ts Alte

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