Pasadena Community Foundation Holds Annual Investment Review

JFD, Phyllis Crandon, Sandra Ell, C.J. Dennis (2)Maggie Sabbag, Mary Lou Sabbag, Bill BogaardPatrick Conyers, Kathy OnoyePCF Year in Review-13Wayne Carter, Eddie Newman, Tori Fisk, Charmayne Ealy, Elise Mallory, Harlan & Jeane Ward

From STAFF REPORTS

11:27 pm | February 7, 2019


The Pasadena Community Foundation, known as PCF, held its annual portfolio investment review on Feb. 5 at the University Club. Finance Committee chair Sandra Ell welcomed C.J. Dennis, Senior Investment Advisor at Vanguard Institutional Advisory Services, addressed an audience of 50 guests who are fund holders of the Foundation.

According to Foundation President and CEO Jennifer Fleming DeVoll, “PCF’s core mission is to build hometown legacies which means we want to grow the discretionary endowments that support our own local grant making programs and also the agency endowments that support local non-profits. We also want to help families build a source of funds that can involve the next generation in giving.”

“All of this takes patience, a long-term view and a solid investment strategy. We are proud of our long term investment performance, which is an important component to generating the money for annual grant distributions. Vanguard has been a great longtime partner to the Foundation throughout the years.”

The PCF is a “tax-exempt public charity created by and for the people of Pasadena,” according to its website. The PCF was established in 1953 by local philanthropist Louis A. Webb, who sought to do good with the money he made as an engineer and investor.

The Foundation assists Pasadenans’ charitable efforts. A seemingly endless number of charitable causes and organizations can appear overwhelming to those with philanthropic interests. That’s where the PCF comes in.

The PCF enables people’s financial goodwill and simplifies the giving process. The foundation will work with families or individuals to establish named funds that serve the issues and causes that matter the most to them.

The foundation provides grants and strengthens agencies and community-based organizations in Pasadena, Altadena, and Sierra Madre. The PCF also helps manage the endowments of local non-profit organizations through its Agency Partner Funds program.

Whether it be combatting homelessness in Pasadena, strengthening educational institutions, or conserving beautiful parks and gardens, the PCF will help maximize the impacts of donors’ generosity.

The PCF currently holds over 350 charitable funds totaling over $80,000,000 in assets, a milestone that was achieved in 2017.

The Pasadena Community Foundation is located at 301 E Colorado Blvd #810. Visit pasadenacf.org, or call (626) 796-2097.