The Hartford Foundation’s assets are managed by its corporate affiliate, HFPG, Inc. (the “Corporate Portfolio”) and by the Trustee Banks (the “Trust Portfolio”). Donor funds held by HFPG, Inc. are invested on a diversified basis with professional investment managers retained by the Foundation’s Investment Committee.
Bank of America, N.A. acts as the Trustee for the component trusts that are held in a common fund—the other trustee bank is KeyBank. The Trustee has sole authority to invest in a diversified portfolio with professional investment managers (which may include Bank of America, N.A. or any of its affiliates) chosen on a competitive basis. Both HFPG, Inc. and Bank of America use the services of a professional investment consultant.
The investment performance* of the Foundation’s broadly-diversified endowment portfolios for periods ended December 31, 2016 follows:
CORPORATE PORTFOLIO (HFPG, Inc.)
TRUST PORTFOLIO (Trustee Bank)