Every month, Foundation Advocate chooses one aspect of foundation investment performance to highlight. This month we examine some concepts surrounding setting benchmarks. Setting A Course The title off this article, Who Controls The Money?, is intentionally provocative. On the one hand, the answer might be, of course, the trustees control the foundation's assets, but … [Read more...] about How Are Foundation’s Doing? June 2019 Topic: Who Controls The Money
The Trillion Dollar Milestone Over the past several years, US foundation assets have been steadily climbing. The combination of strong financial markets and substantial gifts over the past five years propelled total assets of US foundations to just over $1 trillion in fiscal 2017, breaking the trillion dollar mark for the first time ever. More importantly, grant … [Read more...] about US Foundations Assets Hit $1 Trillion for the First Time!
Risk & Return: Yale's Long Term Expectations By Asset Class Yale's endowment report is an incredible resource for investors. One reason it should be required reading for trustees is the excellent discussion on asset classes. In the report, Yale discloses it's long term real-return expectations by asset class (we added 2% across the board to reflect inflation). The … [Read more...] about Risk & Return: No Free Lunch
Every month, FoundationAdvocate ("FA") highlights a state by providing a brief overview of its foundations in terms of performance, fees, and asset allocation. Data on Pennsylvania foundations and other states can also be found at Top Ten. The opinions expressed are FA's. Michigan HighlightsPerformance In-Line with National MedianInvestment Expenses Middle of the … [Read more...] about Bird’s Eye View: Michigan
While it won't be official until we see the IRS filings later this year, it is safe to assume that the Lilly Endowment surpassed the Ford Foundation in total assets in 2018 (and by a considerable amount). We estimate that Lilly finished 2018 at about $15 billion, while even if Ford posts heroic 2018 results of 10% (all major stock indices were negative, bonds were flat, but … [Read more...] about Lilly Endowment Assets Surpass Ford in 2018, Takes over as Second Largest in U.S.