The Foundation's volunteer Board of Trustees and its Investment Committee work diligently to establish prudent parameters for investment asset allocation, both broadly diversified and inflation-hedging.
The Foundation endowment includes more than 900 named endowment accounts. The endowment funds are responsibly managed by the Investment Committee of the Foundation, which receives independent professional investment advice from Wilshire Associates.
The Foundation's endowment value stood at more than $215.8 million as of June 30, 2018, an increase in value of 10% percent from $196.2 million on June 30, 2017. As of June 30, 2018, the funds were invested at the ratio of 42.6% in global public equities, 7.0% in private equities, 28.6% in fixed income, 12.2% in real estate and 9.5% in real assets. The goal of this allocation is to produce a return that meets spending obligations and maintains or increases the real value of the endowment.
For the 12-month reporting period of June 30, 2017 through June 30, 2018, the Foundation had a net return of 7.29% for all assets, compared to the benchmark policy index of 6.38%, the S&P 500 Equity Index of 14.38%, the MSCI All Country World ex-U.S. Equity Index of 7.74%, and the Bloomberg Aggregate Bond Index of -0.4% for the same period of time.
As of June 30, 2018, the Foundation's three- and five-year overall average rate of returns for the endowment, net of fees, were 6.22% and 7.05% respectively. These returns use March 31, 2018 market values for the non-marketable investments.
The Foundation's policy is administered in accordance with the Uniform Prudent Management of Institutional Funds Act (UPMIFA), the provisions of which are set forth in Chapter 164 of the Nevada Revised Statutes.