Foundation Update

Investment results for the Diocesan Foundation for the fourth quarter and the 2018 year have been posted to its website.

The last quarter of the year was horrible for investors and the Foundation suffered significantly.  While the Foundation outperformed other managers and benchmarks for the quarter and the year, investment losses were recorded for both periods.

 

Diocesan Foundation Update

The website of the Diocesan Foundation has been updated to include results for the quarter ending March 31, 2018.  The update can be found at www.foundation-dwtx.org.

While the Foundation’s managers outperformed other managers, turbulence in both the stock and bond markets resulted in only modest investment gains of $387 thousand or 0.6%.  The Foundation added two accounts during the quarter and had total assets of $69 million on March 31st.
Please contact me if you have questions.
Thanks,
Dan

Diocesan Foundation Report

The report of the Diocesan Foundation for the fourth quarter and the 2017 year has been posted to its website.  Some highlights for the year:

  • Investment gains of $9.3 million or 15.5%
  • Total assets of $68.7 million—a new high
  • Eight new accounts for a total of 214 at year-end
  • Portfolio gains ranged from 1.2% for the Capital Maintenance Model to 17.3% for the Growth Model