Annual Reports

2018 Annual Report
Message from the Chairman

As Chairman of the YMCA Retirement Fund’s Board of Trustees, it is my privilege to present the Fiscal Year 2018 Annual Report. Every year, I continue to be inspired by the dedication of my fellow Trustees and the exceptional leadership of the Fund’s Management Team. We firmly believe in serving our constituents and upholding the honorable mission of the Fund to empower YMCA employees to achieve economic security, resulting in loyalty to the YMCA Movement.


“In the early 1900s, a group of YMCA leaders congregated in Springfield, Massachusetts to discuss how they could reward YMCA professionals for their service. They established the YMCA Retirement Fund with the hope of providing their loyal members financial security for their future. Today, we remain committed to this vision set by the founders of the Fund.”


Continuing the trend from last year, Fiscal Year 2018 was one of strong investment returns, both on an absolute and relative return basis. This has helped drive our asset base higher as well as our comparative performance over our benchmarks. We manage the assets of our portfolio with a long-term perspective that allows us to provide growing account balances for our active participants and lifetime annuities for our retirees.

The Board of Trustees

The Fund is governed by accomplished, thoughtful men and women who are devoted to supporting and advancing the YMCA Movement. Our Trustees spend countless hours fulfilling their fiduciary duties, and I am honored to work alongside such selfless and committed individuals.

This year, we were extraordinarily pleased to welcome a new member to our Board: Kelvin Walker. He brings a wealth of knowledge to his role as a Trustee of the YMCA Retirement Fund. As the Managing Director of RLJ Equity Partners, Kelvin has gained valuable experience in mergers and acquisitions, merchant banking, corporate finance, credit analysis, business planning and strategic development. His passion for the YMCA Movement was reflected in his service as Chairman of the Board of the YMCA of Metropolitan Dallas.

Our Trustees’ biographies are featured in this report, and I invite you to read about their accomplishments and dedication to the Movement.

Committed to the Vision

In the early 1900s, a group of YMCA leaders congregated in Springfield, Massachusetts to discuss how they could reward YMCA professionals for their service. They established the YMCA Retirement Fund with the hope of providing their loyal members financial security for their future.

Today, we remain committed to this vision set by the founders of the Fund. We are mindful of our responsibility to be trustworthy and skilled fiduciaries who provide our participants with a strong, long-term investment strategy, excellent customer service, and the educational tools they need to secure their future. For nearly 100 years, we have committed ourselves to serving those who have dedicated their lives to the YMCA Movement—and we will continue to carry out this powerful mission. 

William A Holby

William A. Holby, Chairman

 


Board of Trustees Group

Back Row, left to right: Robert T. Lutts, D. Scott Luttrell, Mark Baumgartner, William D. Rueckert, Stephen A. Ives, Eric K. Mann, David M. Martin, Joseph R. Weist
Front Row, left to right: William A. Holby, Barbara A. Bettin, Angela Brock-Kyle, Jurij Z. Kushner, Sandra J. Morander, Denise L. Day
Not Pictured: W. Kelvin Walker

Trustee Chairmen and CEO

William A. Holby, Chairman;John M. Preis, President & CEO; Denise L. Day, Vice Chairman