Financials

Financial Reports

January 1–December 31, 2022

The Foundation paid out grants totaling $16,039,609 in this fiscal year.


Target Asset Allocation

Equities - 65.0%

(includes US Large and Small Cap, non-US equity, and private equity)

Fixed Income - 20.0%

Diversifying Strategies - 7.0%

Real Assets - 8.0%


Actual Asset Allocation

Equities - 64.0%

(includes US Large and Small Cap, non-US equity, and private equity)

Fixed Income - 20.0%

Diversifying Strategies - 7.0%

Real Assets - 9.0%


Allocation of Expenses

Grants - 69.9%*

Program Expenses - 14.7%

Administrative Expenses - 15.5%

*This total is lower than the totals for 2020 and 2021, during which time we implemented a two-year policy to increase grantmaking by a total of $4 million.

Growth in Total Assets

Fiscal Year
Total Assets
FY13
$457,000,000
FY14
$449,000,000
FY15
$417,000,000
FY16
$422,000,000
FY17
$473,000,000
FY18
$431,000,000
FY19
$476,000,000
FY20
$513,000,000
FY21
$566,000,000
FY22
$484,000,000

Mission Investing

Learn more by visiting our Mission Investing page.