The purpose of the Money Market Pool is to provide liquidity for the Greater Kansas City Community Foundation in funding grant making and payment of fees and administrative costs while providing desired principal stability. The long term investment objective of the Money Market Pool is to seek a competitive market return to preserve and grow the portfolio, provide cash flows to meet charitable needs now and those in the future. The performance objective of the Money Market Pool is to meet or exceed the performance of the MFR All Taxable Money Market Index, a truly “liquid” money market benchmark. As such, the Money Market Pool is highly liquid, which enables donors to access funds for grants in a timely manner.
The Money Market Pool invests primarily in high-quality short-term money market instruments. In excess of 20% of the portfolio assets are issued by the U.S. Government, its agencies and instrumentalities. The balance of the holdings in the Money Market Pool is principally protected by the FDIC or the issuing institution.
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