Model Portfolio Review
All of the Foundation’s model portfolios achieved gains for
the quarter—ranging from 0.9% for Capital Maintenance to
8.6% for the Growth Model.
Two of the models—Growth and Growth & Income—slightly
underperformed their peer groups for the quarter. Performance
compared to passive indices was favorable for all the models.
Performance compared to both peer groups and passive indices was
generally favorable for longer time periods included in the report.
Details of the performance of the four models are shown below.
Asset Class Investment Results
The Foundation’s performance this quarter for the three
assets classes in which it invests, along with comparative
benchmark returns, are shown in the following table.
|
Asset
Class |
Return |
Benchmark |
|
Common
Stocks |
12.0 % |
12.9 % |
|
Fixed
Income |
2.8 % |
0.3 % |
|
Cash
Equivalents |
0.0
% |
0.0 % |
Account Status
Total Foundation assets at quarter-end were $49.3
million, an increase of $3.1 million during the quarter.
Investment gains totaled $3.4 million or 7.5%. Five new
accounts were added during the quarter, with initial
deposits of $220 thousand.
At quarter-end the Foundation had a total of 170 accounts as
follows:
|
Ownership |
Number of Accounts |
Amount |
|
Churches/Schools |
112 |
$ 23.0 million |
|
Diocese |
58 |
26.3 million |
| 
