Financial Information
Impacting patient care, education, research, and community health and well-being through charitable giving.
Achievements
The Upstate Foundation has achieved Platinum distinction from Candid/GuideStar, the leading source of information on the programs, finances and impact of more than 1.8 million IRS-recognized nonprofit organizations.
Milestones
- Total assets managed nearly $225 million (as of 12/31/2022).
-
Over the past 20 years, the funding that the Foundation gives each year in the form of awards, scholarships and grants has grown from $2.46 million to a four-year average of $7.5 million, with $8.3 million awared in 2022.
Four-year performance (2019-2022 Covid)
Total raised: $49 million | Total awarded: $29 million
Summary as of 12/31/2022
Assests Managed
| Category |
Assests (in millions) |
Individual Funds |
| Endowments |
$99.2 |
354 |
| Restricted Funds |
$38.6 |
748 |
Other Funds,
Donor-advised funds
|
$9.9 |
19 |
| Agency Accounts |
$75.2 |
4 |
| Total Assests Managed |
$222.9 |
1121 |
Endowment financial objectives
- Preserve the principal value of the endowment’s portfolio, adjusted for the rate of inflation, so that the portfolio’s purchasing power will be maintained in perpetuity.
- Maintain a prudent level of risk so that the principal value of the portfolio, adjusted for inflation, will be reasonably stable.
- Grow principal to increase the purchasing power of the Foundation’s portfolio is a secondary objective.
Endowment Asset Allocation
| Category |
Allocation |
Manager |
|
Domestic Equity
|
52.4% |
Black Rock, Victory Fund, Alliance Bernstein
|
|
Domestic Fixed Income
|
19.2% |
Western Asset Core Plus Bond, TCW Core
|
|
International Equity
|
20.7% |
American Funds Europac, Acadian
|
|
Real Assets
|
7.7% |
PIMCO-IRMA
|
| Rate of Return |
5 Years |
7 Years |
10 years
|
|
Net Return
|
4.69% |
7.13% |
7.52%
|
|
Composite Benchmark
|
4.44% |
6.72% |
6.99%
|
Foundation Sustaining Fund
| Category |
Allocation |
Manager |
|
Domestic Fixed Income
|
100% |
C.S. McKee
|
| Rate of Return |
5 Years |
Since 6/30/2010
|
|
Gross Return
|
1.13% |
1.95
|
|
Composite Benchmark
|
0.83% |
1.62
|
Click here for Upstate Foundation summary facts.