
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 GuideStar, the leading source of information on the programs, finances and impact of more than 1.8 million IRS-recognized nonprofit organizations.
Milestones
Five-year growth comparison
Summary as of 1/20/2020
Assests Managed
Category |
Assests (in millions) |
Individual Funds |
Endowments |
$95.9 |
305 |
Restricted Funds |
$26.7 |
688 |
Other Funds |
$7.7 |
1 |
Agency Accounts (CAO & other funds) |
$73.8 |
4 |
Total Assests Managed |
$204.1 |
998 |
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
|
49% |
Black Rock, Victory Fund, Alliance Bernstein
|
Domestic Fixed Income
|
22% |
Western Asset Core Plus Bond, TCW Core
|
International Equity
|
23% |
American Funds Europac, Dodge and Cox
|
Real Assets
|
6% |
PIMCO-IRMA
|
Rate of Return |
1 Year |
3 Years |
Gross Return
|
23.37% |
10.83% |
Composite Benchmark
|
21.68% |
9.88% |
Foundation Sustaining Fund
Category |
Allocation |
Manager |
Domestic Fixed Income
|
100% |
C.S. McKee
|
Rate of Return |
1 Year |
3 Years |
Gross Return
|
5.83% |
2.96% |
Composite Benchmark
|
5.41% |
2.70% |