Investing Our Assets

Effective stewardship of philanthropic assets is key to the Maine Community Foundation's ability to fulfill its mission of building permanent charitable funds to strengthen Maine communities. Our investment goal is to preserve and enhance the real value of these assets over time.

Investment Committee Oversight

Members of the Maine Community Foundation's Investment Committee have extensive experience in business, investments, and financial services.

The committee sets investment strategy, hires outside professional managers, and monitors investment performance against industry benchmarks.

Photo: The Maine Community Foundation Investment Committee, front (left to right): Elizabeth Hilpman, chair; Jean Deighan; Martha Dumont (former member). Back: Peter Rothschild, MaineCF CIO; Forrest Berkley; Larry Chang of Cambridge Associates; John B. Sullivan; Steve Rowe, MaineCF president and CEO; Lester Coleman; Jim Geary, MaineCF CFO. Derek Davis photo

Investment Committee Members:

  • Elizabeth R. Hilpman (committee chair), partner, Barlow Partners
  • Forrest Berkley, retired partner, GMO LLC, member of independent Board of TIAA-CREF mutual funds and College Retirement Equity Fund
  • Lester L. Coleman, retired executive vice president and chief legal officer, Halliburton Company
  • Jean Deighan, president, Deighan Associates
  • Mark Howard, CFA, managing director and head of U.S. credit strategy, BNP Paribas
  • John B. Sullivan, president, Portland Global Advisors
The foundation also benefits from the expert counsel of independent investment advisors. They are Elizabeth Cohen, CEO, The Bancorp Bank; and John Train, founder, Train Smith Investment Counsel and chairman of Montrose Advisors.

Maine Community Foundation Investment Staff

Peter Rothschild, the foundation's chief investment officer, is responsible for developing the community foundation's strategic asset allocation plan and making recommendations on investments and use of money managers. Peter is the former chair of the MaineCF investment committee and has managed the endowments of several educational and charitable institutions over the last 30 years.  

Jim Geary, the foundation's vice president and director of investments, coordinates the staff effort to oversee the investment program. Trained as a CPA and bank trust officer, Jim works directly with the investment committee, Cambridge Associates, and the individual investment managers to carry out the foundation's investment strategies. Jim joined the Maine Community Foundation in April 2002.

Cambridge Associates Investment Consultants

Cambridge Associates, LLC, of Boston works with the Investment Committee to monitor the investment performance of individual managers and advises the committee on investment strategy, asset allocation, and manager selection. The firm is one of the nation's leading investment consultants, serving a distinguished client base of more than 900 colleges, universities, and foundations.

Investment Strategy

The Maine Community Foundation investment strategy calls for a portfolio diversified across U.S. domestic and global asset classes.

A diversified portfolio helps to maximize investment returns at acceptable levels of risk. The foundation also uses multiple investment managers in major asset classes to further diversify the holdings.

View the community foundation's latest financial information, including our latest investment performance report and chart.

The investment results of each individual manager are regularly monitored by the investment staff, Investment Committee, and Cambridge Associates. The performance of each manager is measured against a specific benchmark appropriate to the asset class and a peer group of investment managers with a similar strategy.

Uniform Prudent Management of Institutional Funds Act

The Maine Community Foundation adheres to the standards and practices described in the Uniform Prudent Management of Institutional Funds Act (UPMIFA) passed by the Maine State Legislature in 2009. The act encourages long-term investment strategies that moderate portfolio value fluctuations resulting from sudden shifts in interest rates and market valuations.