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 assests managed increased to $204.1 million (as of 1/01/2020).
  • Over the past 20 years, the funding that the Foundation gives each year in the form of awards, scholarships and grants has grown from $2.24 million to a 5-year average of $6.56 million.

  • The Upstate Foundation’s endowment return is ranked above the 90 percentile for the 3-, 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.

 

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%

 

 

 

 

 

 

 

 

Name Owner Date  
Upstate Foundation FAQ   Nancy Boyce 5/12/2020 9:05:05 AM    
 
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