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.

 

 

2017 Milestones

  • Total assests managed have skyrocketed by nearly 800 percent over the past 21 years, from just over $20 million to over $180 million.
  • Nearly $8.4 million was awarded to support Upstate Medical University’s programs and services, patients, faculty, students and researches; more than $16 million rasied.
  • The Upstate Foundation is ranked in the top 10 percent rate of return with Callan Associates investment consulting firm for clients of $1-$100 million for the past seven years.

Upstate Foundation endowment among the top 40

The Upstate Foundation’s annual endowment investment performance as of June 30, 2017, ranked 38 of 798 colleges and universities in the recently published National Association of College and Universities Business Officers survey. The returns exceeded those posted by all other reporting SUNY schools as well as all Ivy League schools. The Foundation’s five-year rate of return ranked 33 of 727 reporting institutions.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.

 

Five year growth comparison

 

Summary as of 6/30/2018

Assests Managed
Category Assests (in millions) Individual Funds
Endowments $85.5 282
Restricted Funds $22.2 681
Other Funds $6.1 1
Agency Accounts
(CAO & other funds)
$68.7 4
Total Assests Managed $182.5 968

 

 

 

 

 

 

  

 

 

 

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.
  • Growth of principal to increase the purchasing power of the Foundation’s portfolio is a secondary objective.  
Endowment Asset Allocation
Category Allocation Manager

Domestic Equity

47.1%

Black Rock, Victory Fund, Alliance Bernstein

Domestic Fixed Income

22.3%

Western Asset Core Plus Bond, TCW Core

International Equity

23.8%

American Funds Europac, Dodge and Cox

Real Assets

6.8%

PIMCO-IRMA

Rate of Return 1 Year 3 Years  

Gross Return

9.23% 7.69%  

Composite Benchmark

8.66% 7.26%  

 

Foundation Sustaining Fund
Category Allocation Manager

Domestic Fixed Income

100%

C.S. McKee

Rate of Return 1 Year 3 Years

Gross Return

0.34% 1.33%

Composite Benchmark

(0.19%) 0.93%

 

 

 

 

 

 

 

 

Name Owner Date  
Foundation Facts   Nancy Boyce 9/10/2018 2:04:33 PM    
 
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