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.