We build investment strategies that increase the impact of your charitable gift and create sustainable growth. Assets are invested based on specific fund type to maximize return and strengthen your grantmaking power.
2017 Q3 Investment Conference Call Recording:
The Endowment Portfolio maintains value and generates revenue over time to serve the community in perpetuity. Funds are invested in a diverse, carefully-defined set of asset classes to mitigate risk and provide long term total return. Endowment funds create a lasting legacy for donors that want to have an impact in San Diego today, and for future generations.
*Includes Principal Only.
**The Foundation’s Policy Index is a composite of indexes reflecting our diversified portfolio, specifically: 48% MSCI ACWI, 11% BC US Universal, 3% BC Corp High Yield Index, 3% JPM GBI-EM Diversified Index, 9% NCREIF ODCE, 15% HFRI FOF Index, 7% Cambridge Assoc. U.S. Private Equity Index Lagged, 4% Bloomberg Commodity Index.
Social Equity Portfolio
The Social Equity Portfolio seeks capital appreciation while investing in assets that meet certain environmental, social and governance criteria, as determined by The San Diego Foundation Investment Committee.
*Includes Principal Only.
**Investment performance of individual funds may vary from the total portfolio return due to the timing of contributions and grants. Gains and losses associated with principal balances and investment/custodial fees are reported in “Earnings on Investment Activity” on fund statements. Fund Statements may show a discrepancy, as some earnings (losses) were unavailable at the time of posting to the Fund Statement.
Long-Term Non-Endowment Portfolio
The Long-Term Non-Endowment Portfolio maximizes capital appreciation and income to grow grantmaking beyond the initial investment. Leveraging higher levels of investment risks to get market-like returns, this is best for donors that intend to grant funds over a long period of time.
*The goal of this portfolio is long-term total growth.
**The Foundation’s Policy Index for Long Term Portfolio is 50% MSCI ACWI, 20% HFRI FOF Index, 7% Barclays Aggregate, 7% Barclays High Yield, 6% FTSE NAREIT, 5% JPM GBI Global Div, 5% Bloomberg Commodity Index. Fixed Income Index: 37% Barclays Aggregate, 37% Barclays High Yield, and 26% JPM GBI Global Div Index.
Medium-Term Non-Endowment Portfolio
The Medium-Term Non-Endowment Portfolio incorporates opportunities for capital appreciation to enhance your investment’s rate of return and allow for more grantmaking. It tolerates moderate levels of risk. This portfolio is recommended for donors with a granting time horizon of two to five years.
*The goal of this portfolio is to provide growth with moderate risk to principal.
**The Foundation’s Policy Index for Medium Term Portfolio is 30% MSCI ACWI, 35% Barclays Aggregate, 5% Barclays High Yield, 4% Barclays Global Aggregate, 21% BofA ML 1-3 yr Treasury, 5% 91 Day T-Bills. Fixed Income Index: 54% Barclays Aggregate, 8% Barclays High Yield, 6% Barclays Global Aggregate, 32% BofA ML 1-3 yr Treasury.
Short-Term Non-Endowment Portfolio
The Short-Term Non-Endowment Portfolio emphasizes capital preservation to return a moderate yield. This low-risk option does not significantly grow your investment and is best if you plan to grant funds immediately. This portfolio is recommended for donors with a granting time horizon of less than two years.
*The goal of this portfolio is to provide liquidity with minimum risk to market value.
With over 150 years of combined global and domestic expertise, The San Diego Foundation Board of Governors Investment Committee drives asset management and investment growth to meet fund objectives.
The Investment Committee is committed to:
- Protecting the corpus of the Foundation
- Preserving the spending power of the income from the fund
- Maintaining a diversified portfolio of assets in order to meet investment return objectives while keeping the level of risk commensurate with that of the median fund in a representative foundation and endowment universe
- Complying with applicable law
Investment Committee Members
Steve Klosterman, AIF, Chair
Regional Director, Halbert Hargrove
Kevin Hamilton, Vice Chair
Managing Director, Rosemont Investment Partners
President and CIO, Metis Global Partners
Senior Investment Officer, San Diego City Employees Retirement System
President & CEO, Chandler Asset Management
B. Kathlyn Mead
President & CEO, The San Diego Foundation
CEO & Founder, AlphaCore
Horacio Valeiras, CFA
Principal, HAV Capital