The U. S. Olympic & Paralympic Endowment Board (USOPE) operates with three standing committees: Investment, Audit, and Awards.
The Investment Committee is chaired by R. Thayer Tutt, Jr. Its primary purpose is to review the performance of the USOPE’s portfolio of funds, in conjunction with the USOPE’s Investment Consultant, Prime Buchholz. The portfolio review includes an in-depth review of individual asset classes and the fund managers’ performance within the asset class as compared to their peer group using a pre-defined market index. The Committee, along with Prime Buchholz, is tasked with monitoring underperforming fund managers and, if appropriate, replacing such underperformers. The process includes Prime Buchholz presenting to the Committee two to three potential fund managers and the Committee then selects and recommends to the full board the replacement of the under-performing fund manager.
The Committee is responsible for monitoring allocations, along with Prime Buchholz. Should the need arise for rebalancing of the USOPE’s portfolio, including the addition or deletion of a fund manager, Prime Buchholz will present recommendations to the Committee. If approved by the Committee, the recommendation will be presented to the full board for approval.
The Audit Committee is chaired by Dick Schlosberg. Its primary responsibility is to recommend to the full board the appointment of the USOPE’s independent auditors, to monitor the annual financial performance of the USOPE, to review the annual proposed budget prepared by the EVP/COO and recommend appropriate action by the full board. The Committee meets with the USOPE’s outside auditors prior to the June board meeting to review the results of the annual audit. The Committee can recommend changes to the annual operating budget as it deems appropriate.
The Awards Committee is chaired by Paula Welch, Ed.D. Its primary responsibility is to oversee the USOPE’s annual awards luncheon held each December in New York City. The Committee strives to ensure that individuals who have made significant contributions to the Olympic Movement in the U.S and worldwide are recognized and celebrated. The Committee solicits nominees from across the Olympic family for the USOPE’s three annual awards: the George M. Steinbrenner III Sport Leadership Award, the William E. Simon award, and the General Douglas MacArthur award. The Committee is responsible for selecting and recommending to the full board at its June meeting the award recipients for that year.
The Investment Committee is chaired by R. Thayer Tutt, Jr. Its primary purpose is to review the performance of the USOPE’s portfolio of funds, in conjunction with the USOPE’s Investment Consultant, Prime Buchholz. The portfolio review includes an in-depth review of individual asset classes and the fund managers’ performance within the asset class as compared to their peer group using a pre-defined market index. The Committee, along with Prime Buchholz, is tasked with monitoring underperforming fund managers and, if appropriate, replacing such underperformers. The process includes Prime Buchholz presenting to the Committee two to three potential fund managers and the Committee then selects and recommends to the full board the replacement of the under-performing fund manager.
The Committee is responsible for monitoring allocations, along with Prime Buchholz. Should the need arise for rebalancing of the USOPE’s portfolio, including the addition or deletion of a fund manager, Prime Buchholz will present recommendations to the Committee. If approved by the Committee, the recommendation will be presented to the full board for approval.
The Audit Committee is chaired by Dick Schlosberg. Its primary responsibility is to recommend to the full board the appointment of the USOPE’s independent auditors, to monitor the annual financial performance of the USOPE, to review the annual proposed budget prepared by the EVP/COO and recommend appropriate action by the full board. The Committee meets with the USOPE’s outside auditors prior to the June board meeting to review the results of the annual audit. The Committee can recommend changes to the annual operating budget as it deems appropriate.
The Awards Committee is chaired by Paula Welch, Ed.D. Its primary responsibility is to oversee the USOPE’s annual awards luncheon held each December in New York City. The Committee strives to ensure that individuals who have made significant contributions to the Olympic Movement in the U.S and worldwide are recognized and celebrated. The Committee solicits nominees from across the Olympic family for the USOPE’s three annual awards: the George M. Steinbrenner III Sport Leadership Award, the William E. Simon award, and the General Douglas MacArthur award. The Committee is responsible for selecting and recommending to the full board at its June meeting the award recipients for that year.
Header photo courtesy Cameron Spencer Getty Images.