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

  • Total assets managed increased to $259 million (as of 12/31/2021).

  • 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 5-year average of $6.8 million, with $8.2 million awared in 2021.

  • The Upstate Foundation’s endowment return is ranked above the 90 percentile for the 5- and 10-year returns in the latest NACUBO survey.
    For more information on the NACUBO Commonfund Study of Endowments, visit the National Association of College and University Business Officers at nacubo.org or Commonfund Institute at commonfund.org.

 

Three-year performance (2019-2021 Covid)

Total raised: $36 million  |  Total awarded: $21 million

 

Summary as of 12/31/2021

Assests Managed
Category Assests (in millions) Individual Funds
Endowments $123.0 328
Restricted Funds $31.0 715
Other Funds,
Donor-advised funds
 $18.0 17
Agency Accounts $87.7 4
Total Assests Managed $259.7 1064

 

 

 

 

 

 

  

 

 

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

 53%

Black Rock, Victory Fund, Alliance Bernstein

Domestic Fixed Income

 19%

Western Asset Core Plus Bond, TCW Core

International Equity

 21%

American Funds Europac, Dodge and Cox

Real Assets

 7%

PIMCO-IRMA
 
Rate of Return 1 Year 3 Years

Gross Return

 14.48% 18.27%

Composite Benchmark

 12.93% 16.42%

 

Foundation Sustaining Fund
Category Allocation Manager

Domestic Fixed Income

 100%

C.S. McKee
 
Rate of Return 1 Year 3 Years

Gross Return

 (.85%) 3.25%

Composite Benchmark

 (.95%) 3.07%

 

 

 

 

 

 

 

 

Name Owner Date  
Upstate Foundation Facts   Nancy Boyce 3/29/2022 12:18:50 PM    
 
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