Investing to Fuel Impact
Diligent stewardship of our assets matters because strong performance means that together, with our community of donors, we can make a greater impact in the Bay Area.
Investment Portfolios and Objectives
The Foundation’s assets are invested in one of four investment portfolios based on fund type and objective. We have established asset allocation targets consistent with the investment objectives of each portfolio. Actual allocations are managed within a policy-defined range of these targets, with rebalancing to target when appropriate.
We believe that our allocation policies lead to long-term success in meeting investment objectives under a variety of market conditions. Market timing is not part of our investment philosophy. Strict adherence to asset allocation policy eliminates the temptation to predict short term market behavior and the associated risks.
Fundholders can choose to allocate their fund to any one of these, or a blend of them. Funds to be managed in perpetuity are invested in the Endowment Portfolio.
Designed for: Maintaining asset value in perpetuity while serving the current needs of the community
Investment strategy: Inflation-adjusted return consistent with a 5.00% distribution rate
Long Term Portfolio
Designed for: Donors choosing to impact both the current needs of the community and those of future generations by enabling reasonable liquidity and maintaining value over time
Investment strategy: Diversified portfolio that provides an inflation-adjusted return consistent with a 5.00% distribution rate and allows flexible grantmaking
Socially Responsible Portfolio
Designed for: Donors choosing to impact both the current needs of the community and those of future generations
Investment strategy: Balanced portfolio of securities from issuers screened for social responsibility in areas such as environment, workplace, product safety, human rights, and corporate governance
Short Term Portfolio
Designed for: Donors choosing to impact current and near-term needs of the community by maintaining liquidity for grantmaking
Investment strategy: Short duration portfolio whose targeted return matches or exceeds inflation
We implement our asset allocation strategy by combining index funds and active investment managers. Working with our investment advisor, Colonial Consulting, we closely monitor performance, adherence to strategy, and the risk exposures of each of its managers. New managers are added in order to improve diversification and to enhance the prospective performance of the portfolio. View the Investment Managers in our portfolio.
Learn more about recent performance and analysis of our investment portfolios.