Responsibility for managing the Hazel McCallion Foundation’s investment portfolio is vested in the board of directors. The board works closely with external investment advisors to implement the asset management and investment strategy, establish performance benchmarks, and monitor and oversee the performance of the Foundation's investment portfolio.
The Foundation maintains a long-term investment focus that balances security of capital, income and growth with a moderate level of risk. The portfolio is diversified by specific security, investment management style, geography and type of investment. In its financial and legal matters, the Foundation is advised and assisted by the following firms:
|Banking||RBC Private Banking
33 City Centre Drive
Mississauga, ON L3B 2N5
|Accountants and Auditors||BDO Canada LLP
1 City Centre Dr., Suite 1700
Mississauga, ON L5B 1M2
|Legal Counsel||Pallett Vallo LLP,
77 City Centre Dr., West Tower, Suite 300
Mississauga, ON L5B 1M5
|Investment Advisers||RBC Dominion Securities,
4 Robert Speck Parkway, Suite 1100
Mississauga, ON L4Z 1S1
The income derived from the Foundation’s investment portfolio is used to provide grants to organizations that fit the Foundation’s grant profile.