The 91·çÃùÄñ³ª Foundation Asset Management
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's endowment includes 1,256 named endowment accounts. The endowment funds are responsibly managed by the Investment Committee of the Foundation, which receives independent professional investment advice from Cambridge Associates.
The Foundation's endowment value stood at more than $442 million as of June 30, 2025. The funds were invested 53.4% in global equities, 20.8% in private investments, 3.2% in real assets, 6.8% in fixed income, 8.8% in diversifying strategies and 7% in cash. The goal of this allocation is to produce a return that meets spending obligations and maintains or increases the actual value of the endowment.
For the 12-month reporting period through June 30, 2025, the Foundation had a net return of 11.3% for all assets compared to the benchmark policy index of 13.1% for the same period.
As of June 30, 2025, the Foundation’s one-year return for the endowment, net of fees, was 11.3%. The Foundation’s three-year overall average rate of return for the endowment, net of fees, was 8.6% to the benchmark policy index of 13.4% for the same period.
The investment and spending policy is administered by the Foundation 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.