Association of Charitable Foundations

Investment seminars for foundations

Effective
endowment
management

Absolutely brilliant
attendance should be
mandatory
Image Ekely/ iStockphoto

supports these unique seminars for foundation trustees and decision-takers

The Association of Charitable Foundations (ACF) is

the membership association for foundations and
grant-making charities in the UK.

CCLA is one of the UKs largest charity fund managers.

For 25 years we have supported trusts and foundations;

respecting and safeguarding their independence, and
helping them to be effective in the many ways that they
use their resources.

Making the best of their investments is an important

matter for foundations and trusts. With over 50 years
of experience in providing competitive and attractive
investment management services, CCLA enables our
clients to take advantage of investment opportunities
whilst carefully managing risks.

www.acf.org.uk

www.ccla.co.uk

One of the major responsibilities of foundation

trustees is to manage the assets of their
endowment. The way in which this is done has
a very significant impact on the resources that
are available to support the foundations mission.
But how can trustees be confident that they
are exercising their responsibilities effectively,
especially if they do not have investment
experience?

DATES AND TIMING

Registration from 9.30am, with the seminar

running from 10am to 4.30pm on: Wednesday 26 November 2014
Wednesday 10 December 2014
Wednesday 14 January 2015

VENUE
ABOUT THESE SEMINARS

This unique seminar series, now in its fourth year,

will equip trustees to deal confidently with the key
issues involved in the governance and management
of foundation endowments. Participants report that
they can immediately apply the principles from the
seminars to their own situation.

CCLA, Senator House

85 Queen Victoria Street
London EC4V 4ET

FEES

All fees include pastries on arrival, light

refreshments and lunch.

The seminar series consists of three one-day

seminars, each of which builds on the one
preceding it. Priority booking will be given to those
who are attending all three seminars.

WHO SHOULD ATTEND?

Trustees who want a better understanding of

how to exercise their investment responsibilities,
particularly trustees who do not have a financial
background. The seminars will also be useful for
foundation chief executives and other members of
the senior management team.
Please note that these seminars are only
open to grant-making trusts and charitable
foundations.

(Includes all three

One or two
seminars

seminars)

(Fee per seminar)

ACF
member

105

45

ACO/CFUK
member

150

70

Nonmember

285

140

Seminar Series

Bookings for those who are attending only one or

two seminars will not be confirmed until after 7
November 2014.

2014/15
26 NOVEMBER 2014
FUNDAMENTAL ISSUES

10 DECEMBER 2014
SETTING AN INVESTMENT POLICY

14 JANUARY 2015
MANAGING THE ENDOWMENT

James Bevan
Chief Investment Officer,
CCLA

Heather Lamont
Client Investment Director,
CCLA

Oliver Jones-Davies
Client Investment Director,
CCLA

Richard Jenkins
Policy Adviser,
ACF

Sara Longmuir
Director of Finance & Administration,
LankellyChase Foundation

John Kelly
Head of Client Investment,
CCLA

Nicola Pollock
Director,
John Ellerman Foundation

Mark OKelly
Head of Finance and Administration,
Barrow Cadbury Trust

Joanne Knight
Director,
The Triangle Trust 1949 Fund

Michael Quicke OBE

Chief Executive,
CCLA

Helen Wildsmith
Head of Ethical and Responsible
Investment, CCLA

James Money-Kyrle
Director of Support Services,
St Johns Hospital, Bath

The seminar series begins by

examining the role of trustees in
endowment management and
some of the fundamental issues for
trustee boards to consider. Speakers
will explore the context in which you
take investment decisions, as well
as the impact of the markets.

The cornerstone for managing an

endowment is the foundations
investment policy. At this seminar
expert speakers will talk you through
the key elements to consider when
putting together an investment
policy and how to ensure that your
investment objectives support your
foundations strategic priorities.

Constructing a portfolio that supports

your investment strategy and
managing the relationship with your
investment manager can sometimes
seem intimidating. This seminar will
give you the tools to do both.

During the course of the day you

will discuss:
Trustees responsibilities the

constraints and freedoms

Governance of endowed charitable

foundations

Topics covered include:

The day will cover what you need

to know in order to make strategic
decisions about the way your
endowment is invested, including:

Purpose of an investment policy

How investment managers

Identifying risk and return priorities

Different investment approaches

active, passive, absolute return

management

Setting investment strategy myths

and assumptions
The characteristics of the major asset
classes in which foundations can
invest will be introduced, including
cash, bonds, equities, property and
alternative asset classes.
Finally, the interplay between
the markets and a foundations
investments will be debated. What
are the implications for foundation
investors of recent market
developments and the current
investment outlook?

Expenditure policy total return or

income only

Some of the options for aligning

investments with the foundations
mission will be reviewed, including:
What the regulator says
Ethical screening
Engaging with companies and

policy makers
Positive or high impact investing
Policies, pooled funds and

industry codes

construct investment portfolios

The role of different asset classes

in your portfolio
Principles of asset allocation

Then the seminar will look at the

key issues involved in managing the
relationship with your investment
manager, such as:
Selecting a fund manager what to

look for
Performance measurement

finding information in the numbers

Costs and charges where to look

for hidden costs

 I wish I had attended

these seminar series
before now

Very good value for

money, professionally run,
and very relevant

A useful revision of how

we do our business and
what other issues we
should be considering

I am increasingly feeling
confident that I fully
understand the words
which are commonly
used when talking about
endowment management

CONTACT US
Association of Charitable Foundations
T: 020 7255 4499
E: acf@acf.org.uk

www.acf.org.uk
CCLA
T: 0800 022 3505
E: clientservices@ccla.co.uk

www.ccla.co.uk
All quotations included in this brochure are from previous participants in these seminars.
As part of ACFs commitment to environmental sustainability this brochure has been printed
on paper from a sustainable source and is elementary chlorine free.
Association of Charitable Foundations is a company limited by guarantee registered in England and Wales. Company registration number: 5190466
Registered charity number: 1105412 Registered office: Acorn House, 314-320 Grays Inn Road, London, WC1X 8DP

EFFECTIVE ENDOWMENT
MANAGEMENT BOOKING FORM 2014/15
HOW TO BOOK
Book your place online at www.acf.org.uk, where you can pay by credit card or request an invoice.
Alternatively complete the form below, scan and send to bookings@acf.org.uk,
or post a hard copy to ACF, Acorn House, 314-320 Grays Inn Road, London, WC1H 0AE
Please complete a separate form for each person attending.
Additional brochures and forms can be downloaded from www.acf.org.uk
DELEGATE
Name
Email
Job title/role
Special requirements (dietary or other)
SUMMARY OF BOOKING
Please complete one of the two following options:OPTION ONE:
ATTENDING THE SEMINAR SERIES

OPTION TWO:
ATTENDING ONE OR TWO SEMINARS ONLY

To book to attend the whole seminar

series please tick the relevant box
below:-

Please tick the seminars that you would like to attend below:-

ACF Member

Fee per
seminar

26 Nov
2014

10 Dec
2014

14 Jan
2015

105

ACF Member

45

ACO/CFUK member 150

ACO/CFUK member

70

Non-member

Non-member

140

285

Please note that bookings for the seminar series will be given priority.
Bookings for those who are only attending one or two seminars will only be confirmed after 7 November 2014.
ORGANISATION DETAILS
Organisation name

Main contact for queries about the booking

Address

Email

Telephone

PAYMENT METHOD (Please tick box)

I enclose a cheque made payable to Association of Charitable Foundations
Please invoice my organisation. Invoices payable by cheque or BACS.
Please debit our meetings account (ACF members only)
INVOICE/RECEIPT DETAILS
Invoices and receipts will be sent to the address supplied above. Please give further details if required:
Invoice/receipt for the attention of:
Direct dial telephone and email:
PLEASE SEE OVERLEAF FOR IMPORTANT INFORMATION ABOUT YOUR BOOKING

Total
cost

EFFECTIVE ENDOWMENT
MANAGEMENT BOOKING FORM 2014/15

ELIGIBILITY TO ATTEND THE SEMINARS

FURTHER QUERIES

Please note that these seminars are only open to grant-

If you have any queries regarding this booking

making trusts and endowed foundations. This is in order

please contact:

to ensure that they provide a safe place for trustees to

bookings@acf.org.uk

share information including challenges and sensitive data.

020 7255 4499

This means that we cannot grant access to anyone with a

commercial interest in the sector regardless of any other

For queries regarding payment or invoices

position they may hold within a grant-making charity.

please contact:

In common with all ACF events, these seminars may not

Nick Neal

be used to seek funds.

nick@acf.org.uk

DATA PROTECTION

NEXT STEPS

Data Protection Act 1998: Information supplied to ACF

will be used for the purposes of event registration and
administration. ACF may use this information to inform you
about our services and future events. If you do not wish to
be contacted by ACF about these, please write to Katherine
Duerden at ACF, Acorn House, 314-320 Grays Inn Road,
London, WC1H 0AE. We will not supply your information to
any other parties.
TERMS AND CONDITIONS
Full refunds will be given for cancellations received a week
or more before the first seminar booked by the delegate.
Cancellations received after the first seminar attended by
the delegate will be on a pro-rata basis and subject to a
30% administration fee. For cancellations given within a
week of the seminars or if the delegate does not attend
on the day no refunds will be made and you will remain
liable for the cost of the event booking regardless of
whether payment has been made or not. Pro rata refunds
will be given if ACF has to cancel an event for any reason,
but we regret that we cannot be responsible for any other
expenditure incurred.

Once we receive your booking we will write to you within

seven days, acknowledging your booking. If you have not
heard from us by then, please do get in touch with us in
case your booking has gone astray.
THANK YOU FOR YOUR BOOKING