Seventy-five percent of the 2025 Charitable Expenditures were allocated to grants, while the remaining 25 percent went to charitable expenses.
The asset allocation as of December 31, 2025 was as follows: 24% was in OCIO-Private Equity, 31% was in US Equity, 13% was in Non US Developed Equity, 13% was in Total Flexible Capital, 10% was in Total Fixed Income/Liquid Capital, 5% was in Emerging Market Equity, and 4% was in Global Ex US Equity.
Investment Returns (net of fees) as of December 31, 2025
Annualized Trailing Return (%)
| Fund | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|---|---|---|---|---|---|
| Foundation Total Assets | 13.8 | 12.5 | 8.5 | 8.9 | 9.6 |
| Policy Index | 14.9 | 13.2 | 8.3 | 9.1 | 8.1 |
| MSCI AC World Index (Net) | 22.3 | 20.7 | 11.2 | 11.7 | 7.9 |
| S&P 500 Index | 17.9 | 23.0 | 14.4 | 14.8 | 10.3 |
| Blbg U.S. Aggregate | 7.3 | 4.7 | -.04 | 2.0 | 4.4 |
| BOA 91-Day Treasury Index | 4.2 | 4.8 | 3.2 | 2.2 | 2.3 |
| Consumer Price Index | 2.7 | 3.0 | 4.5 | 3.2 | 2.5 |