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 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.