Performance Results as of December 31, 2020

Purchase College Foundation Investments

Timeframe Return
Current Quarter 11.3%
1 Year 8.0%
3 Years 7.2%
5 Years 9.5%
Since Inception 9.7%

The Purchase College Foundation was ranked as of December 31, 2020 in the top 20% of college endowments with a net asset value between $50MM and $250MM as per the Investment Metrics Peer Group Rankings, a leading nationally recognized third party firm of over 5,500 institutional investment plans representing over $10 trillion in assets.

Foundation Asset Allocation Targets

The Foundation Board has an established policy to achieve investment diversification. This policy defines the target investment of each asset allocation category as well as when assets should be rebalanced. The Board’s Investment Subcommittee reviews the asset allocation on a regular basis and takes appropriate action as necessary.

Asset Percentage
Publicly traded equities 30% to 85%
Fixed income securities 10% to 50%
Illiquid investments 0% to 25%
Cash and cash equivalents 0% to 20%

Investment Philosophy

The primary long-term objective for the Foundation is to preserve the real purchasing power of the Foundation with a reasonable level of risk. A secondary goal will be to grow the real purchasing value of the Foundation over the long-term. Consistent with that objective, the primary investment goal for the Foundation will be to earn an average annual return equal to or greater than the annual spending rate policy for the Foundation plus the rate of inflation (as measured by the consumer price index or another appropriate index selected by the Investment Committee), net of all fees, including investment management and related fees and expenses, over a market cycle (generally defined as rolling five-year periods).