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Finance Update
The Foundation’s pooled composite returns vs. the benchmark* as of June 30, 2021 were as follows:
• For the 1-year period, the Total Return was +32.3% vs. +27.9%.
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• For the 3-year period, the Total Return was +11.0% vs. +11.2%.
• For the 5-year period, the Total Return was +11.4% vs. +10.7%, and the Foundation’s Hurdle ROR** of 8.1%.
• For the 10-year period, the Total Return was +7.8% vs. +7.4%, and versus the Foundation’s Hurdle ROR of 7.4%.
* Target Weighted Benchmark is currently comprised of: 4.0% Thomson One Distressed Index, 2.0% Thomson One Mezzanine Index, 40.0% Russell 3000 Index, 20.5% MSCI AC World Index ex-U.S., 16.5% Bloomberg Barclays US Aggregate Index, 12.0% HFRI Fund of Funds Index, and 5.0% Bloomberg Barclays IG CMBS Index.
** Foundation Hurdle Rate of Return (ROR) = 4.5% Spending + 1.0% Admin. Fees + CPI (5yr = 2% and 10yr = 1.8%). For funds with alternative spending rates, ROR is calculated as “Spending Rate + Admin. Fee + CPI”.
