Performance and Analysis

Long-Term Donor Advised Pool Investment Performance

As of March 31, 2018

The San Francisco Foundation invests through professional investment managers who are vetted by an independent investment consultant. Diligent stewardship and strong performance mean that together, we can make a greater impact in the Bay Area.

Most of the assets held in Donor Advised Funds are invested in our long-term pool. It is a diversified portfolio that provides an inflation-adjusted return that allows for flexible grantmaking.

This graph illustrates investment performance over time:

 

 The following analysis has been prepared for The San Francisco Foundation by our investment consultant Michael Miller, Managing Partner of Colonial Consulting, LLC:

Absolute returns continue to be quite strong for the Long-Term Donor Advised Pool. This is the product of a well-diversified mix of talented investors and index funds.  The Foundation utilizes a very challenging benchmark in order to continually strive for investment excellence. One-year returns were modestly behind the far more aggressively invested 80% MSCI/20% Barclays index blend although this has changed during the more volatile start to 2018.  Longer term returns remain ahead of all of the benchmarks as the Foundation’s strategy seeks to achieve an appropriate balance between long-term returns and ongoing volatility that can be disruptive to spending.

Socially Responsible Investments 

Our Socially Responsible Investments (SRI) Portfolio is externally managed by PAX World Investments. It offers full Environmental, Social and Governance (ESG) integration. Please find their quarterly performance review here:

PAX Balanced Fund (PDF)