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Who invests the Charitable Gift Annuity funds?

April 26, 2017Annuity charitable funds gift Invests

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Who invests the Charitable Gift Annuity funds?

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The Investment Committee of the Board of Directors, is directly responsible for the appropriate investment of all gift annuity funds. Because WaterStone assumes the investment risk and all responsibility for the lifetime payments to the annuitants, the asset allocation for the prudent investment of the funds is decided by the Investment Committee. WaterStone also considers investment recommendations (compatible with the Investment Committee’s selections) from the donor’s professional investment advisor or from the Charity Advisor.