Subject: RE: Proposed Investment Policies
From: "Randy Russell" <[email-masked]>
To: "Rick Leach" <[email-masked]>, "Samuel Berger" <[email-masked]>, <[email-masked]>, "Bonnie Raquet" <[email-masked]>, "Anne Marie Person" <[email-masked]>, "Rachel Reeve" <[email-masked]>, "Laura Huber" <[email-masked]>
Cc: "Shannon Hiskey" <[email-masked]>, "Tim Hawkins" <[email-masked]>
Date: Thu, 15 Mar 2012 15:30:46 -0400

Rick-I looked over the policy statement and it looks fine to me. I think
a broader question we may need to ask is: should we continue to manage
this account at all??? These funds are used for very admirable and
important projects-but ones that are not necessarily consistent with
WFP/USA's mission. And WFP/USA staff time is used to deal with
this-taking time away from working on issues/projects/initiatives that
better align with our mission. Just something we ought to at least
consider going forward.  Thanks. Randy

From: Rick Leach [mailto:[email-masked]] 
Sent: Thursday, March 15, 2012 3:11 PM
To: Samuel Berger; [email-masked]'; Bonnie Raquet; Randy
Russell; 'Anne Marie Person'; Rachel Reeve; Laura Huber
Cc: Shannon Hiskey; Tim Hawkins
Subject: RE: Proposed Investment Policies

The Bertini Fund was established with former WFP Executive Director
Catherine Bertini with the award she received from the World Food Prize
($500,000).  It provides small grants to NGOs in developing countries
that promote girls education.  

Please let me know if you want additional information on the Fund.
Thanks again.

All the best,

Rick

From: Samuel Berger [mailto:[email-masked]] 
Sent: Thursday, March 15, 2012 2:42 PM
To: Rick Leach; [email-masked]'; Bonnie Raquet; Randy
Russell ([email-masked]); 'Anne Marie Person'; 'Rachel
Reeve'; Laura Huber
Cc: Shannon Hiskey; Tim Hawkins
Subject: RE: Proposed Investment Policies

Recognizing that this is not an area of my expertise, these policies
appear appropriate.

What is the Catherine Bertini Fund?

________________________________

From: Rick Leach [mailto:[email-masked]] 
Sent: Thursday, March 15, 2012 12:33 PM
To: [email-masked]'; Bonnie Raquet; Randy Russell
([email-masked]); Samuel Berger; 'Anne Marie Person';
'Rachel Reeve'; Laura Huber
Cc: Shannon Hiskey; Tim Hawkins
Subject: Proposed Investment Policies

Dear Members of the Executive Committee,

In follow-up to our discussion earlier this week, please find attached
for your review/approval the proposed investment policies for our
reserve and the Bertini Fund.  Thanks again for your guidance and
commitment of time.

All the Best,

Rick

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