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 by $164 million (as of 3/31/2019) within the last 10 years.
  • In 2018, nearly $5.1 million was awarded to support Upstate Medical University’s programs and services, patients, faculty, students and researches; more than $6.3 million rasied.
  • 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 3/31/2019

Assests Managed
Category Assests (in millions) Individual Funds
Endowments $87.8 297
Restricted Funds $23.3 686
Other Funds $6.4 1
Agency Accounts
(CAO & other funds)		 $73.7 4
Total Assests Managed $191.2 988

 

 

 

 

 

 

  

 

 

 

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

 45%

Black Rock, Victory Fund, Alliance Bernstein

Domestic Fixed Income

 23%

Western Asset Core Plus Bond, TCW Core

International Equity

 25%

American Funds Europac, Dodge and Cox

Real Assets

 7%

PIMCO-IRMA
 
Rate of Return YTD 1 Year 3 Years

Gross Return

 10.65%  3.71% 9.78%

Composite Benchmark

  9.91% 3.81% 8.82%

 

Foundation Sustaining Fund
Category Allocation Manager

Domestic Fixed Income

 100%

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

Gross Return

 1.95% 3.81% 1.72%

Composite Benchmark

 1.76% 3.64% 1.49%

 

 

 

 

 

 

 

 

Name Owner Date  
Foundation Facts   Nancy Boyce 5/3/2019 12:25:23 PM    
 
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