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 December 31, 2019 | ||||||
|---|---|---|---|---|---|---|
| Quarter | YTD | 1-Year | 3-Year | 5-Year | 10-Year | |
| GIV Index | 6.2% | 20.5% | 20.5% | 9.2% | 6.5% | 7.6% |
| Northern Trust | 4.9 | 16.2 | 16.2 | 9.2 | 6.8 | N/A |
| BNY Mellon | 4.9 | 16.6 | 16.6 | N/A | 6.5 | 7.7 |
| CCSF | N/A | 17.4 | 17.4 | 9.2 | 6.6 | 7.8 |
| The 60/40 Mix is 60% S&P 500 Total Return / 40% Bloomberg Barclays U.S. Aggregate Index 3-Year, 5-Year, and 10-Year returns are annualized. Note: BNY Mellon doesn't publish 3 -Year performance numbers, nor does Northern Trust publish 10-Year returns. |
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Source
FoundationMark Grantmaker Investment Value Index (“GIV”) (here)
Source
Northern Trust Universe (here)
The Northern Trust Universe tracks the performance of approximately 300 large U.S. institutional investment plans, with a combined asset value of approximately $1.13 trillion, which subscribe to performance measurement services as part of Northern Trust’s asset servicing offerings.
Source
BNY Mellon U.S. Master Trust Universe (here)
The BNY Mellon U.S. Master Trust Universe offers peer comparisons of performance by plan type and size. It consists of 521 corporate, foundation, endowment, public, Taft-Hartley, and health care plans with a total market value of more than $2.3 trillion and an average plan size of over $7.5 billion.
Source
CCSF – Council on Foundations-Commonfund Study of Foundations (here)
With 265 participating foundations representing combined assets of $104.7 billion, the Study is believed to be the most comprehensive annual survey of its kind. This is the eighth year that Commonfund Institute and the Council on Foundations—two leading organizations in the field of foundation investment and governance policies and practices—have partnered to produce this research.