September 2006
CENTRAL BANK NOW A FUND MANAGER FOR GIFT FOUNDATION
There are a number of investment firms that manage money for the GIFT Foundation. Geneseo’s Central Bank has recently been named one such firm. “We are working hard to get other local investment firms registered, too,” says Katie Andrios, GIFT Foundation chair. “It’s important to us to keep in town as much of the money we are entrusted with as we can. Equally important is that the firms we invest with meet our rigid criteria. The Central Bank has a long history of proven performance in this area and we are proud to have them working for us.”
The institutions that invest money for GIFT are not only subjected to a stringent interview process to become registered with GIFT, but the performance of each investor is measured yearly. “We compare each investor’s performance against the other firms that work for us,” says Brett Lohman, GIFT board vice president. “Poor performers are eliminated. It’s a very objective process. The numbers speak for themselves.”
“We are happy to have become Registered Investors for the GIFT Foundation,” says John DuBois, president at Central Bank. “We’ve been investing for our clients for many years and have a very good track record. We will do an equally good job for the GIFT Foundation.”
Andrios urges other local investors to learn how to become a registered investor with GIFT. She can be reached at (309) 944-6516.