For The Valley.
SCVF’s Coronavirus Response
In light of so much uncertainty and disruption related to the coronavirus (COVID-19) pandemic, we want to share with you some information about St. Croix Valley Foundation’s response.
In an effort to limit the spread of coronavirus (COVID-19), and following the recommendations by the Centers for Disease Control and Prevention (CDC), SCVF has, since March 16, moved to remote operations. In addition to working from our homes, we have cancelled all non-essential travel and are avoiding in-person meetings. This will allow us to work effectively, and serve the needs of our constituencies, without being in direct contact with one another.
Also, our team is working closely with our investment advisors at Fund Evaluation Group (FEG) to monitor our investment portfolio. Recent swings illustrate the ever-present, volatile condition of the market. When instability spikes and circumstances change so abruptly, the resulting dramatic downdrafts can be alarming. For these reasons, St. Croix Valley Foundation holds a diversified portfolio built to withstand such turmoil. Diversification cannot eliminate volatility, but it can mitigate its impact. We realize that steep market declines can be unsettling, so please reach out with any questions or concerns.
Please continue to contact us with any questions or support needs. We will do our best to respond within 24 hours. We have taken these steps out of concern for the health and well-being of staff, volunteers, and our communities. Thank you for your continued support and patience as, together, we navigate the challenges of COVID-19.