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
