The FoundationMark Grantmaker Investment Value Index (“GIV Index”) added 1.8% in December, to close the year up 19.1%%, the best year in a decade.
Commentary
Foundation December investment performance reflected a mix of strong returns across U.S. and global equity markets – particularly emerging markets, which made up some ground against the developed market indices.
Still Trailing a 60/40 portfolio: The GIV Index continues to significantly lag a passive balanced portfolio consisting of 60% stocks (S&P 500) and 40% bonds (Bloomberg Barclays U.S. Aggregate Index), across every period 1-yr, 3-yr, 5-yr, and 10-yr.