HJF® Guide to Services: Education & Endowments
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Revenue and Investments

Revenue

Federal regulations prohibit government employees from soliciting funds from commercial or private sources, so it is imperative that when opportunities arise for this type of support, the commercial source is put into direct contact with the Education Programs Office.

Revenue for an education account may originate from commercial entities as education or training grants, from private individuals as gifts and from course registration fees. Federal monies cannot be placed into an education account except in a fee-for-service situation.

Revenue for an endowment fund may come from private donors in forms such as bequests, grateful patient donations and gifts from non-government organizations. With special arrangements, federal monies also may be placed in an endowment fund. Upon request, the Education Programs Office will mail solicitation letters to a targeted group of private sources to raise funds for an endowment.

Investments

HJF's Endowment Investment Board provides oversight and management of the funds according to investment policies and objectives set by our Council of Directors. The Board meets quarterly to review investment policies, evaluate performance and plan future investment strategies.

HJF pools its endowment assets and distributes them among several diversified mutual funds so that the endowments gain access to a greater number and variety of investments. We invest our assets according to an allocation plan agreed upon by the Endowment Investment Board. Our portfolio's asset mix is well-diversified—balanced among stocks, bonds and money market securities.

The goal of the portfolio is to achieve returns averaging 9% compounded annually over a five-year period. The Foundation's strategy is to obtain these returns with the least possible risk according to investment criteria approved by our Council of Directors.