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All data used in rankings and calculations is provided by FoundationMark and FoundationIQ and reflects foundations with over $1 million in assets.
The chart below shows that distribution of expenses of Texas foundations largely matched the national distribution, except for the 75-100 basis points group, which had a little higher percentage and the 100-125 basis point group which had a little lower percentage.
Basis Points (bps): Investment fees are usually quoted as a percentage of assets. For example an investment manager may charge a 0.75% fee to manage the money that you have with the firm. The term ‘basis point’ is an easier way to say small numbers by moving the decimal point two places to the right. so 0.75% = 75 basis points, for the simple reason it is easier to say out loud “seventy five basis points” than “zero point seven five percent”.
FoundationMark Portfolio Strategies
There are about 2,500 foundations in Texas with assets over $1 million.
While Texas is home to 6 $1 billion plus foundations, none were large enough to qualify for the FoundationMark 15.
If you would like to learn more about over 2,520 foundations in Texas, or another 40,000 foundations outside of Texas that we follow, including performance and expense data, please visit our affiliated companies:
Interested in a free FoundationMark report on your foundation’s investment performance? click here
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