Disclosure Spectrum Foundations are required to report the fair market value of their assets every year. The IRS further requires foundations to list their holdings by asset class on their balance sheet and provide schedules of their holdings, however, foundations interpretations of "additional detail" can vary enormously. Some foundations provide extensive lists of … [Read more...] about Holdings Disclosure: Who Owns What? And Who is not Saying
Foundation Assets Estimated at $1.24 Trillion as of June 30, New Record
FoundationMark models indicate that U.S. foundations' assets rose to $1.24 trillion as of June 30, 2021. The recent growth in foundation assets is primarily attributable to investment gains of 9.3% for the GIV Index in the six months to June 30, 2021. Since the pandemic low in March 2020, global equity markets have delivered strong returns, fueling foundation asset and giving … [Read more...] about Foundation Assets Estimated at $1.24 Trillion as of June 30, New Record
Payout Ratios – Why is it so Complicated to Get a Simple Answer?
One would think that calculating a payout ratio is a very straightforward task. You just need a numerator and a denominator, therefor simple division leaves you with a ratio. For example, if you wanted to know a baseball teams winning percentage, you take the number of games won, divide by number of games played, and viola, you have a ratio. Naturally it follows, that if you … [Read more...] about Payout Ratios – Why is it so Complicated to Get a Simple Answer?
First Quarter 2021 Performance Round-Up
Each quarter we pull together the published results of three leading measures of foundation performance, the FoundationMark GIV Index, the Northern Trust Foundation and Endowment Universe, and the foundation subgroup of the BNY Mellon U.S. Master Trust Universe. The results are shown in the table and graph below. Periods ended March 31, 2021 … [Read more...] about First Quarter 2021 Performance Round-Up
Universe Comparison
In our efforts to track and report on the investment performance of foundations, we have found five organizations that publicly report their results Each organization has its own methodology and constituents. For example, the BNY Mellon U.S. Master Trust Universe consists of very large institutions with an average size of $8 billion. The BNY Mellon U.S. Master Trust has close … [Read more...] about Universe Comparison