The FoundationMark Grantmaker Investment Value Index (“GIV Index”) rose 6.7% in the fourth quarter of 2021, to finish the year with a 16.7% gain for 2021.
Commentary
U.S. stocks had a very strong quarter with the S&P 500 rising 11.0% over the period. International stocks didn’t fare as well with emerging markets shares trading slightly lower and modest gains for developed markets.
One-Year GIV Index Performance Up 16.7%: Year on year returns for U.S equities were 27.7% for the period ended September 30, 2021, while bonds fell modestly.
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