2012 Annual Survey of Endowment Development The data shown on the following charts is drawn from survey responses of 64 communities. North American totals are based upon extrapolations of the asset base of the sample to the total assets in the system.
(jjd-Rev: 8/26/13
Contents Overview Table 1
Year-End Market Values of Endowment Funds
Table 2
Endowment Fund Increases/Decreases in 2012
Table 3
Endowment Fund Grants Made in 2012 Table 3A Grants from Donor Advised Funds Table 3B Grants from Supporting Organizations
Table 4
Life Income Plans and Other Planned Gifts
Table 5
Restricted Funds by Categories at Year End 2012
Table 6
Comparison of Federation Practices Endowment Staffing Administrative Fees Spending Rates Expectancies
Table 7
Investment Data Returns Allocations
OVERVIEW
2012 Endowment Survey Overview • Endowment Assets Estimated to be $14.3 Billion -
Based upon a sample of 64 federations and foundations as of December 31,2012
-
$1.5 Billion of total invested and held for local agencies
• Endowment Contributions $1.8 Billion • Endowment Plus Annual Campaign Contributions Total $2.7 Billion • Endowment Grants Total $1.4 Billion –
60% of All grants support Jewish organizations
–
42% of Grants from Donor Advised Funds to Jewish Entities
–
62% of Grants from Supporting Foundations to Jewish Entities
–
Endowment Grants to the Annual Campaign are 16.2% of the total Annual Campaign
• Donor Advised Funds and Supporting Foundations: –
Are 57% of Endowment Assets
–
Generate 78% of Total Grants
2012 Annual Campaign and Endowment Contributions Total Contributions are $2.7 Billion
$3,000
Planned Giving Contributions Annual Campaign Contributions $2,573 $2,437
$2,500
$2,000
$1,842
$ Millions
$1,781
$1,404
$1,500
$1,385
$1,304
$1,000
$1,712
$975 $960
$985
$1,005
$1,314
$1,015
$1,063
$1,024
$934
$925
$907
$888
$500
$0 2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2012 Endowment Contributions to the Annual Campaign 16.2% of Total $1,200 Annual Campaign
Endowments to Annual Campaign $1,063
$1,000
$960
$985
$1,005
$1,024
$1,015
$934
$925
$907
$888
$ Millions
$800
$600
$400
$200
$154
$156
$132
$159
$147
$134
$125
$134
$144
$137
$0 2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2012 Additions $2.3 Billion
$3,000
Lifetime Contributions
Bequests
Investment Income/Loss
Other Income
Total Additions
$2,626
$2,507
$2,329
$2,500 $2,000 $1,500
$1,653
$1,574
$1,345
$1,295 $1,193 $1,148
$1,174
$45
$190
$155
$121
$58
$112
$121
$207
$500 $59
$ Millions
$1,000
$36
$449
$37
$0 2008
-$11
2009
-$500 -$1,000 -$1,500 -$1,473 -$2,000 -$2,500
-$1,827
2010
2011
2012
2012 Annual Survey Donor Advised Fund Grants $843 Million 48% Support Jewish Entities
ALLOCATION PROCESS, $12.9, 1.5% NATIONAL JEWISH ORG, $65.0, 7.7%
UJC OVERSEAS, $1.0, 0.1%
ANNUAL CAMPAIGN, $97.3, 11.5% OTHER OVERSEAS, $38.7, 5%
LOCAL FED AGENCY, $61.7, 7.3%
SECULAR ORG, $437.2, 51.8%
LOCAL JEWISH ORG, $129.5, 15.4%
2012 Annual Survey of Endowment Development Overall Success Large Cities
CLEVELAND SAN FRANCISCO, CA BALTIMORE, MD CHICAGO, IL BOSTON, MA PITTSBURGH, PA DETROIT, MI MONTREAL, CN METRO WEST, NJ MIAMI, FL LOS ANGELES, CA NEW YORK & JEWISH COMMUNAL FND
TORONTO, CN PHILADELPHIA, PA PALM BEACH COUNTY, FL WASHINGTON, DC ATLANTA, GA NORTHERN NEW JERSEY, NJ
Jewish Population
81,500 227,800 91,400 270,500 208,500 42,200 94,000 93,000 91,000 113,300 519,000 1,412,000 179,000 206,100 124,000 215,000 119,800 100,000
Total Fund $
$1,756,125,527 $1,453,108,680 $568,578,655 $1,125,226,044 $823,733,846 $155,506,256 $344,291,992 $317,445,266 $298,255,411 $178,517,628 $780,673,349 $2,105,029,057 $216,112,934 $221,178,639 $106,000,234 $160,453,982 $76,291,798 $55,232,646 Median
Jewish Per Capita
$21,548 $6,379 $6,221 $4,160 $3,951 $3,685 $3,663 $3,413 $3,278 $1,576 $1,504 $1,491 $1,207 $1,073 $855 $746 $637 $552 $2,427
Rank
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
2012 Annual Survey of Endowment Development Overall Success Large Intermediate Cities
KANSAS CITY, KS COLUMBUS, OH MILWAUKEE, WI WINNIPEG, CN DALLAS, TX CINCINNATI, OH SAN DIEGO, CA HOUSTON, TX HARTFORD, CT RHODE ISLAND, RI MINNEAPOLIS, MN ROCHESTER, NY VANCOUVER, CN SEATTLE, WA EAST BAY, CA CENTRAL NEW JERSEY, NJ PHOENIX, AZ COLORADO/DENVER, CO BROWARD COUNTY, FL
Jewish Population
20,000 22,000 21,100 14,800 45,000 22,500 89,000 45,000 32,800 18,750 29,100 21,050 22,600 37,200 100,000 30,000 82,900 83,900 234,100
Total Fund $
$171,134,644 $102,085,770 $95,637,375 $57,266,389 $161,679,531 $69,618,585 $245,187,589 $118,011,968 $79,612,931 $44,793,850 $68,430,492 $35,127,514 $31,875,812 $41,391,487 $96,600,896 $15,149,589 $38,795,834 $32,925,666 $70,695,928
Median
Jewish Per Capita
$8,557 $4,640 $4,533 $3,869 $3,593 $3,094 $2,755 $2,622 $2,427 $2,389 $2,352 $1,669 $1,410 $1,113 $966 $505 $468 $392 $302 $2,389
Rank
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
2012 Annual Survey of Endowment Development Overall Success Intermediate & Small Cities
GREENSBORO, NC YOUNGSTOWN, OH BUFFALO, NY OMAHA, NE INDIANAPOLIS, IN MEMPHIS, TN TIDEWATER, VA CHARLOTTE, NC TOLEDO, OH DES MOINES, IA OTTAWA, CN BIRMINGHAM, AL NASHVILLE, TN SOUTHERN ARIZONA, AZ SPRINGFIELD, MA LEHIGH VALLEY, PA RICHMOND, VA SOUTHERN, NJ JACKSONVILLE, FL DELAWARE, DE FLINT, MI NORTHEAST, NY SARASOTA-MANATEE, FL LONG BEACH, CA ANN ARBOR, MI PALM SPRINGS, CA SYRACUSE, NY
Jewish Population
2,500 2,486 11,500 6,100 10,000 7,800 10,950 10,500 3,900 2,800 13,400 5,300 7,800 22,300 10,000 8,000 12,500 49,200 13,000 15,100 1,300 18,000 15,500 18,000 7,000 17,000 9,000
Total Fund $
$47,865,910 $39,391,300 $127,100,747 $64,199,594 $90,456,178 $65,236,603 $85,951,577 $79,452,150 $29,027,282 $14,275,770 $67,874,978 $24,408,696 $26,319,442 $71,972,090 $31,797,824 $19,867,692 $28,533,421 $106,538,668 $16,119,237 $17,819,637 $1,525,885 $18,353,175 $15,273,150 $14,463,016 $4,878,479 $1,688,075 $200,650 Median
Jewish Per Capita
$19,146 $15,845 $11,052 $10,525 $9,046 $8,364 $7,849 $7,567 $7,443 $5,098 $5,065 $4,605 $3,374 $3,227 $3,180 $2,483 $2,283 $2,165 $1,240 $1,180 $1,174 $1,020 $985 $804 $697 $99 $22 $3,227
Rank
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
Table 1: Year End Endowment Market Values
Table 2 Endowment Fund Increases/Decreases
Table 3
Endowment Fund Grants
Table 4 Life Income Plans and Other Planned Gifts
Table 5
Restricted Funds by Categories
Table 6 Comparison of Federation Practices And Legacy Programs Endowment Manpower Administrative Fees Spending Rates Expectancies
2012 Annual Survey of Endowment Development Endowment Manpower Large Communities
Executive/ Endowment Director Staff Professionals Number % of Time Number % of Time
Total Full Support Staff Time Number % of Time Equivalents
Endowment Assets $
Assets / FTEs (if greater than one)
Atlanta
1
100.0%
9
100.0%
10.0
$76,291,798
$7,629,180
Baltimore
2
100.0%
6
100.0%
3
100.0%
11.0
$568,578,685
$51,688,971
Chicago
1
100.0%
15
100.0%
5
100.0%
21.0
$1,125,226,044
$53,582,193
Greater MetroWest
1
100.0%
9.5
100.0%
2
100.0%
12.5
$298,255,411
$23,860,433
Jewish Communal Fund -NY
1
100.0%
6
100.0%
7
100.0%
14.0
$1,159,058,057
$82,789,861
Los Angeles
1
100.0%
7
100.0%
3
100.0%
11.0
$780,673,349
$70,970,304
Miami
1
100.0%
3
100.0%
2
100.0%
6.0
$178,517,628
$29,752,938
Montreal
1
100.0%
2
100.0%
2
100.0%
5.0
$317,445,266
$63,489,053
Northern NJ Palm Beach
1
100.0%
2 3.8
100.0% 100.0%
2 2.1
100.0% 100.0%
5.0 5.9
$55,232,646 $106,000,234
$11,046,529 $17,966,141
Philadelphia
1
100.0%
5
100.0%
3.5
100.0%
9.5
$221,178,639
$23,281,962
Pittsburgh
1
100.0%
2
100.0%
2
93.0%
4.9
$155,596,256
$32,015,691
San Francisco
1
100.0%
12
86.7%
3
100.0%
14.4
$1,453,108,680
$100,907,522
Toronto
1
100.0%
6
57.5%
3
100.0%
7.5
$216,112,934
$29,008,448
Washington DC
1
50.0%
3
90.0%
2
100.0%
5.2
$160,453,982
$30,856,535
2012 Annual Survey of Endowment Development Endowment Manpower Large Intermediate Communities
Executive/ Endowment Director Staff Professionals Number % of Time Number % of Time
Total Full Support Staff Time Number % of Time Equivalents
Endowment Assets $
Assets / FTEs (if greater than one)
Broward
1
100.0%
1
63.0%
1.6
$70,695,928
$43,371,735
Cincinnati
1
100.0%
1
33.0%
1.3
$69,616,585
$52,343,297
Colorado Columbus
1 1
80.0% 100.0%
1 4
60.0% 75.0%
1 2
59.0% 100.0%
2.2 6.0
$32,925,666 $102,085,770
$14,489,005 $17,014,295
East Bay
1
100.0%
1.5
100.0%
4
10.0%
2.9
$96,600,896
$33,310,654
Houston
1
100.0%
3
100.0%
1
100.0%
5.0
$118,011,968
$23,602,394
Kansas City
1
100.0%
4
100.0%
3
100.0%
8.0
$171,134,644
$21,391,831
Milwaukee
1
100.0%
1
100.0%
1
100.0%
3.0
$95,637,375
$31,879,125
Phoenix
1
100.0%
4
87.0%
1
100.0%
5.5
$38,795,834
$7,079,532
Rhode Island
0
0.0%
1
20.0%
1
100.0%
1.2
$44,793,850
$37,328,208
Rochester
1
90.0%
1
35.0%
3
60.0%
3.1
$35,127,514
$11,517,218
San Diego
1
100.0%
17
100.0%
5
100.0%
23.0
$245,187,589
$10,660,330
3
67.0%
1
75.0%
2.8
$41,391,487
$14,996,916
2
70.0%
2.2
$31,875,812
$14,489,005
Seattle Vancouver
1
80.0%
2012 Annual Survey of Endowment Development Endowment Manpower Intermediate & Small Communities
Executive/ Endowment Director Staff Professionals Number % of Time Number % of Time
Total Full Support Staff Time Number % of Time Equivalents
Ann Arbor
1
20.0%
1
21.0%
Birmingham
1
100.0%
1
75.0%
1
Buffalo
1
100.0%
1
100.0%
Delaware
1
40.0%
0.75
80.0%
Des Moines
1
15.0%
1
Greensboro
1
100.0%
Indianapolis
1
Lehigh Valley
1
Long Beach
Endowment Assets $
Assets / FTEs (if greater than one)
0.4
$4,878,479
$11,898,729
75.0%
2.5
$24,408,696
$9,763,478
7
89.0%
8.2
$127,100,747
$15,443,590
1
100.0%
2.0
$17,819,637
$8,909,819
25.0%
0.4
$14,275,770
$35,689,425
2
100.0%
3.0
$47,865,910
$15,955,303
100.0%
4
45.0%
2.8
$90,456,178
$32,305,778
100.0%
1
35.0%
1
35.0%
1.7
$19,867,692
$11,686,878
2
35.0%
1
35.0%
1
75.0%
1.8
$14,463,016
$8,035,009
Memphis
1
100.0%
2.5
50.0%
2.3
$65,236,603
$28,994,046
Nashville
1
40.0%
2
70.0%
1
50.0%
2.3
$26,319,442
$11,443,236
North East Florida
1
1
100.0%
2
100.0%
3.0
$16,119,237
$5,373,079
Northeastern NY
1
100.0%
1
50.0%
1.5
$18,353,175
$12,235,450
Omaha
1
100.0%
1
100.0%
1
100.0%
3.0
$64,199,594
$21,399,865
Ottawa
2
35.0%
3
52.0%
3
53.0%
3.9
$7,874,978
$2,045,449
Palm Springs
1
100.0%
1.0
$1,688,075
$1,688,075
Richmond
1
100.0%
1
65.0%
1
100.0%
2.7
$28,533,421
$10,767,329
Sarasota Manatee
1
20.0%
1
20.0%
1
30.0%
0.7
$15,273,150
$15,273,150
Southern Arizona
1
100.0%
4
100.0%
3
100.0%
8.0
$71,972,090
$8,996,511
Southern New Jersey
1
100.0%
2
100.0%
1
100.0%
4.0
$106,538,668
$26,634,667
Tidewater
1
100.0%
3
100.0%
1
100.0%
5.0
$85,951,577
$17,190,315
Toledo
1
100.0%
1
20.0%
1
100.0%
2.2
$29,027,282
$13,194,219
Western MA
1
90.0%
1
95.0%
1
10.0%
2.0
$31,797,824
$16,306,576
Youngstown
1
100.0%
2
25.0%
1
50.0%
2.0
$39,391,300
$19,695,650
2012 Annual Survey- Administrative Fees Large Communities
Donor Advised Agency EndowSupptng Org ment Funds Funds Funds
Atlanta Boston Chicago
1.00%
0.50%
.1% to.3%
Tiered
Greater MetroWest
Tiered
Jewish Communal Fund -NY Los Angeles Miami Montreal Northern NJ
Palm Beach Philadelphia Pittsburgh San Francisco Washington
0.50%
CRTs
Other
0.50%
Tiered
Tiered
Tiered
Tiered
Varies
1.00%
0.50% 0.50%
0.50%
Tiered
Tiered
1.50% 1.00%
0.50%
Tiered
Tiered
0.30%
1.00%
1.00%
1.00%
1.00%
Tierred
Tierred
Tiered
0.25%
n/a Tiered 0.60% 0.60% 1.00% .5% to 2.0% 1.00% .25% to 1%
Tiered 0.40% 0.50% 0.10%
Tiered 0.60% 0.75% .25% to 1%
Other / Comments
Endw oments: Restricted Fnds 1% others .5% 1% to $1MIL,.5%next $2,.375%next$2.5m,,25% next 4.5m,.1% above $4mil,min $660; Supt Org same as DAF min $3,000 min ;Endow mnt for Agency or Fed .75% to $4mil,.5% above min $250, Agency .75%to$4mil,.5% above, .9% to $4.5mil, .5% above to $10 Mil, .2% Tiered above $10 mil
2012 Annual Survey- Administrative Fees Intermediate & Small Communities
Donor Advised Funds
Ann Arbor
0.85%
Birmingham
Supptng Org
Agency Funds
CRTs
Other
0.85%
0.85%
0.85%
0.0085
0.85%
.5% to 1%
0.50%
0.50%
Delaware
1.65%
2%
Tiered
Des Moines
1.00%
1.00%
1.00%
1.00%
Greensboro
.5%-1%
.5%-1%
,60%
0.50%
Indianapolis
Tiered
Tiered
1.00%
Lehigh Valley
0.78%
0.78%
0.78%
0.78%
1.00%
1.00%
1.00%
Buffalo
Long Beach
0.85%
Endowmen t Funds
1.00%
.5% to 1%
DAF & endowments are mostly 1%
0.78%
0.78%
1% min $250
Memphis
1.50%
1.00%
Nashville
1.00%
1.00%
0.25%
1.00%
1.00%
North East Florida
2.00%
1.00%
1.00%
1.00%
.25% to.5%
Northeastern NY
1.00%
1.00%
Omaha
1.00%
1.00%
1.00%
0.00%
1.00%
1.04%
0.50%
1.00%
1.00%
1.00%
.25% to 1%
1.00%
1.00%
1.00%
1.00%
Ottawa Sarasota Manatee Southern New Jersey
Other / Comments
Tidewater
1.00%
1.00%
1.00%
1.00%
1.00%
Western MA
1.50%
1.00%
1.50%
1.00%
0
Youngstown
0.50%
1.00%
1.00%
1.00%
1.00%
2012 Annual Survey - Spending Rates
Table 6
Large Communities
Atlanta Baltimore Boston Chicago Greater MetroWest Jewish Communal Fund -NY Los Angeles Miami Montreal Northern NJ Palm Beach Philadelphia Pittsburgh San Francisco Toronto Washington DC
Current Spending Rate % 5.00% 5.00% 5.00%
Spending Rate Prior Change in 2010 Spending (Y) (N) Rate %
Comments
N N
N
7.35%
Y
4 % or 5%
N
7.00% 5.00% 5.00% 5.00% 5.00% 5.00% 4.75% 5.00% 6.50% 4.00% 5.00%
N
7.65%
Target to increase 2.5% >prior year. Limits based on market returns and distributions w ill normally range from 4% to 7% Based on 13 qtr avg, 5% on Campaign Endow mts, 4% on others
N N N
N N
5% of Three Year Average
N N Effective 7/1/ 13, spending rate w ill be 6.0%
N
N
2012 Annual Survey - Spending Rates
Table 6 Large Intermediate Communities
Cincinnati Columbus Dallas East Bay Hartford Houston Kansas City Milwaukee Phoenix Rhode Island Rochester San Diego Seattle Vancouver
Current Spending Rate % 4.50% 5.00% 5.00% 4.50% 5.00% 5.00% 5.00% 4.50% 5.00% 4.50% 5.25% 5.00% 5.00% 4.00%
Spending Rate Prior Change in 2010 Spending (Y) (N) Rate % Y 5.00% N
Comments
N N Y
16 quarter trailing average fund balance
N N N N N Y N
N N
5.50%
Changing 4% for applies fiscal year ending 06.30.13 Spending to rate only to unrestricted fund w ithin the Foundation
2012 Annual Survey - Spending Rates
Table 6 Intermediate and Small Communities
Ann Arbor Birmingham Buffalo Charlotte Delaware Des Moines Greensboro Indianapolis Lehigh Valley Long Beach Nashville North East Florida Northeastern NY Omaha Ottawa Richmond Sarasota Manatee Southern Arizona Southern New Jersey Tidewater Toledo Western MA Youngstown
Current Spending Rate % 5.50% 3.00% 4.00% 5.00% 3.00% 5.00% 4.00% 5.00% 4.60% 3.00% 4.00% 5.00% 4.75% 5.00% 3.00% 4.00% 5.00% 4.00% 5.00% 4.25% 4.00% 4.25%
5.00%
Spending Rate Prior Change in 2010 Spending (Y) (N) Rate % N
Comments
N N N N N N N
N
Based on 12 Quarter Avg as of February
N N
N Y
5% of previous 20 quarters less admin fees
5.00%
N N N N N
N N N N
4.25% of past 16 quarters not to exceed 7% most recent year
Expectancies as Reported by a Sample of the 2012 Annual Survey Respondents Federation Name Ann Arbor Birmingham Broward Chicago Charlotte Cincinnati Dallas Delaware Des Moines East Bay Greensboro Houston Indianapolis Kansas City MetroWest Miami North East Florida Northern NJ Omaha Ottawa Philadelphia Phoenix Richmond San Diego Foundation Sarasota Manatee Southern New Jersey Tidewater Toronto Vancouver Western MA
Total Know n for Federation, Agencies, Other
$1,200,000 $31,500,000 $140,767,196 $12,529,400 $18,000,000 $165,000,000 $5,025,000 $6,739,015 $21,424,500 $20,800,000 $80,000,000 $28,500,000 $100,000,000 $9,464,800 $42,958,347
$6,250,000 $62,500,000 $50,000,000 $19,576,649 $146,000,000 $8,829,050 $7,407,000 $46,335,452 $290,988,855 $7,812,964 $10,500,000 $1,340,108,228
For Benefit of Federation $12,600 $120,761,370 $1,550,000 $15,000,000 $1,600,000 $6,589,015 $8,056,012
$25,500,000 $137,781,289 $100,000,000 $16,180,000 $3,688,000 $39,200,000 $3,983,069
$8,000,000 $2,960,000 $9,000,000 $7,979,050 $2,600,000 $14,759,350 $2,707,000 $4,000,000 $531,906,755
Results of CJL Initiative $22,000,000 $34,000,000 $800,000 $2,600,000 $90,000,000 $2,825,000 $16,684,500 $17,600,000
$42,299,146 $9,509,800 $21,055,000 $105,000
$16,084,000 $0 $19,576,649 $167,000,000
$23,437,669
$6,500,000 $492,076,764
Table 7
Investment Data -Returns -Allocations
2012Annual Survey - Portfolio Investment Returns Large Communities
Return on Portfolio %
Net of Fees (y/n)
12/31 or Fiscal
Investment Pool $
Donor Advised Funds
Supptng Orgs
Endowment Funds
Agency Funds
x
x
CRTs
Other
Montreal
-0.1%
Y
3/31
$240,589,208
x
Boston
-0.6%
N
6/30
$746,629,164
x
x
x
Baltimore
-1.9%
N
6/30
--
x
x
x
x
x
Grtr MetroWest
-1.4%
Y
6/30
$218,966,422
x
x
x
x
x
Miami
-1.2%
N
6/30
$142,526,101
x
x
x
x
Toronto
-0.3%
N
6/30
$216,112,934
x
x
x
Palm Beach
0.2%
Y
6/30
$101,544,789
x
x
x
x
x
x
Atlanta
0.3%
Y
6/30
$94,540,681
x
x
x
x
x
x
Pittsburgh
1.2%
N
6/30
$133,578,899
x
x
x
x
Jewish Communal Fund -NY
9.7%
Y
6/30
$14,403,595
x
Philadelphia
8.1%
N
8/31
$221,198,638
x
Chicago
9.2%
N
12/31
$697,327,071
Los Angeles
11.3%
N
12/31
$263,600,000
San Francisco
12.0%
Y
12/31
$258,090,780
Dallas
12.4%
Y
12/31
$161,680,000
x
Northern NJ
12.5%
Y
12/31
$48,597,796
x
x
x
Comments
Four investment pools offered
x
Excludes Real Estate and Life Insurance
Data relates to JCF Endowment Fund only
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x Suppt Org Partially included
x Investment fund value as of 6/30
2012Annual Survey - Portfolio Investment Returns Large Intermediate Communities
Return on Portfolio %
Net of Fees (y/n)
12/31 or Fiscal
Investment Pool $
Donor Advised Funds
Vancouver
2.4%
Y
3/31
$31,439,626
x
Rochester
-3.1%
Y
6/30
$25,132,828
x
Supptng Orgs
x
Endow ment Funds
Agency Funds
CRTs
Other
x
x
x
x
Some of Suppt Org Included in Pool In additon to endow ment pool of $52mil, Long term pool return w as -3.5% on $83.7mil
San Diego
-3.1%
Y
6/30
$52,133,500
x
x
x
Rhode Island
-2.4%
Y
6/30
$45,486,456
x
x
x
x
Hartford
-2.0%
Y
6/30
$81,306,917
x
x
x
x
Broward
-1.9%
Y
6/30
$60,159,696
x
x
x
x
Seattle
-1.2%
N
6/30
$38,179,816
x
x
x
x
x
Columbus
0.2%
Y
6/30
$102,085,770
x
x
x
x
East Bay
1.2%
Y
6/30
$47,880,669
x
x
x
x
Milwaukee
6.9%
N
6/30
$96,079,940
x
x
x
x
x
x
x
x
x
x
x x
Houston
7.5%
Y
8/31
$53,527,000
x
Dallas
12.4%
Y
12/31
$161,680,000
x
Cincinnati
12.9%
Y
12/31
$46,768,809
x
Kansas City
13.0%
Y
12/31
$169,664,875
x
Phoenix
13.0%
Y
12/31
$36,857,153
x
x
x
Co mments
Based on calendar year 2012, fiscal ends 6/30
x
x
x x
x
x
x
x
x
x
x
x
x
Retn includes assets o f Jewish Heritage So c. New Supt Org
2012Annual Survey - Portfolio Investment Returns Intermediate & Small Communities
Return on Portfolio %
Net of Fees (y/n)
12/31 or Fiscal
Investment Pool $
Donor Advise d Funds
Suppt ng Orgs
Endowment Funds
Agency Funds
CR Ts
x
x
x x
Richmond
-2.4%
Y
6/30
$45,486,456
x
Lehigh Valley
-1.0%
Y
6/30
$19,867,692
x
x
x
x
Tidewater
-0.6%
Y
6/30
$61,923,126
x
x
x
x
Des Moines
-0.2%
Y
6/30
$13,944,997
x
x
x
x
Long Beach
0.0%
Y
6/30
$7,155,521
x
x
x
Omaha
0.6%
Y
6/30
$64,199,594
x
x
x
Nashville
7.4%
N
8/31
$26,087,090
x
x
x
Southern NJ
17.7%
Y
9/30
$25,768,668
x
x
Western MA
19.0%
Y
9/30
$32,453,567
x
x
x
Birmingham
9.4%
Y
12/31
n/a
x
x
x
Sarasota Manatee
9.4%
Y
12/31
$12,713,353
x
x
x
NE Florida
9.8%
Y
12/31
$13,407,453
x
x
x
x
x
Other
Comments
x Main asset pool invested with Boston Federation
x
x
x
x Foundation switched to JCEP mid -year
x
x
2012Annual Survey - Portfolio Investment Returns Intermediate & Small Communities (con't)
Return on Portfolio %
Net of Fees (y/n)
12/31 or Fiscal
Investment Pool $
Donor Advise d Funds x
Suppt ng Orgs
Greensboro
10.5%
Y
12/31
$48,099,111
Ottawa
10.8%
Y
12/31
$42,987,088
Indianapolis
10.9%
Y
12/31
$52,500,000
x
Ann Arbor
12.0%
N
12/31
n/a
x
Delaware
12.8%
Y
12/31
$16,725,868
x
Southern Arizona
12.9%
Y
12/31
$52,735,038
x
x
Charlotte
13.1%
Y
12/31
n/a
x
xx
Youngstown
13.1%
Y
12/31
$37,963,078
x
Buffalo
13.6%
N
12/31
$15,752,350
x
Endowment Funds
Agency Funds
CR Ts
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
x
Other
Comments
x x
Investment Pool does not include life income plans
2012 Annual Survey- Permanent Fund Investment Allocations Large Communities
Equities
Bonds
Alternative Investments
Other
Atlanta
Total
Other Description / Comments
0.0%
Baltimore
53.4%
12.1%
22.9%
11.6%
100.0%
Boston
29.0%
3.0%
49.0%
19.0%
100.0%
Alt: Pvt Eqty 3%,Hedge Fnds 28.5%Credi 12.5% Real assets 5%; Other: Money Mkts
Chicago
34.0%
17.3%
48.7%
100.0%
Alt: Absolute Retn Hedge Fnds, Private Equity, Real Assets
Greater MetroWest
49.6%
23.1%
22.1%
5.2%
100.0%
Alt:Hedge Fnds,Pvt Eqty,Reaql Estate, Inflation Hedges, Other cash & Money mkt
Jewish Communal Fund -NY
40.5%
21.9%
29.8%
7.8%
100.0%
Los Angeles
44.8%
30.2%
18.1%
6.9%
100.0%
Miami
36.6%
21.1%
19.3%
23.0%
100.0%
Montreal
20.7%
20.0%
59.3%
Northern NJ
47.0%
24.6%
24.4%
Palm Beach
26.9%
35.5%
Philadelphia
58.8%
Pittsburgh
100.0%
Alt: Hedge Funds, Pvt Equity, Real Estate
4.1%
100.0%
Commodities
19.8%
17.8%
100.0%
30.6%
9.2%
1.4%
100.0%
Alt: Real Estate,Pvt Equity,Hedge & Structured Finance fnds; Other: Cash
62.0%
29.0%
8.0%
1.0%
100.0%
Alt: Fund of Fund Hedge Fund; Other: Cash
San Francisco
42.5%
20.0%
37.5%
0.0%
100.0%
Alt: 10% Real Estate,15% Hedge Fnds,12.5% Pvt Equity
Toronto
41.9%
17.6%
34.4%
6.1%
100.0%
Washington DC
33.1%
18.7%
30.5%
17.7%
100.0%
Alt: Pvt Equity,Lower Volatility Hedge, Directional Hedge; Other:Cash
2012 Annual Survey- Permanent Fund Investment Allocations Large Intermediate Communities
Broward Cincinnati Columbus Dallas East Bay Hartford Houston Kansas City Milwaukee Phoenix Rhode Island Rochester San Diego Seattle Vancouver
Equities 74.0% 51.7% 60.0% 60.0% 50.0% 41.3% 55.0% 69.2% 46.9% 53.0% 48.4% 53.9% 49.4% 62.0% 50.0%
Alternative Bonds Investments Other 23.0% 3.0% 20.9% 20.5% 6.9% 35.0% 5.0% 16.0% 20.0% 4.0% 25.0% 25.0% 19.1% 10.2% 1.3% 30.0% 10.0% 5.0% 24.9% 1.8% 4.1% 30.1% 19.4% 3.6% 30.0% 16.0% 1.0% 16.5% 16.0% 19.1% 8.5% 21.6% 16.0% 35.1% 5.6% 9.9% 38.0% 50.0%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 71.9% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Other Description / Comments SCI Offshore Opportunity Fnd Class A, & Special Situations Fnd
Alt: 8 Mututal Fnds & ETFs, Other: Money Market Other: Hedge fnds, Real Estate, Commodities
Hedge Funds and Private Equity Other: Hedge funds Alt: Hedge Fnds;Other: Pvt Equity 6.5%,Real Estate, TIPS, Commodities 12.6% Alt: Fnd of Fnds Hedge Fnd; Other: Cash, Inflation Hedging Real Assets
includes DAF and suporting orgs w hich are not invested separately
2012 Annual Survey- Permanent Fund Investment Allocations Large Intermediate Communities
Broward Cincinnati Columbus Dallas East Bay Hartford Houston Kansas City Milwaukee Phoenix Rhode Island Rochester San Diego Seattle Vancouver
Equities 74.0% 51.7% 60.0% 60.0% 50.0% 41.3% 55.0% 69.2% 46.9% 53.0% 48.4% 53.9% 49.4% 62.0% 50.0%
Bonds 23.0% 20.9% 35.0% 16.0% 25.0% 19.1% 30.0% 24.9% 30.1% 30.0% 16.5% 8.5% 35.1% 38.0% 50.0%
Alternative Investments Other 3.0% 20.5% 6.9% 5.0% 20.0% 4.0% 25.0% 10.2% 1.3% 10.0% 5.0% 1.8% 4.1% 19.4% 3.6% 16.0% 1.0% 16.0% 19.1% 21.6% 16.0% 5.6% 9.9%
Total 100.0% 100.0% 100.0% 100.0% 100.0% 71.9% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Other Description / Comments SCI Offshore Opportunity Fnd Class A, & Special Situations Fnd
Alt: 8 Mututal Fnds & ETFs, Other: Money Market Other: Hedge fnds, Real Estate, Commodities
Hedge Funds and Private Equity Other: Hedge funds Alt: Hedge Fnds;Other: Pvt Equity 6.5%,Real Estate, TIPS, Commodities 12.6% Alt: Fnd of Fnds Hedge Fnd; Other: Cash, Inflation Hedging Real Assets
includes DAF and suporting orgs w hich are not invested separately
2012 Annual Survey- Permanent Fund Investment Allocations Intermediate and Small Communities
Equities
Bonds
Ann Arbor
70.0%
30.0%
Birmingham
28.8%
Buffalo
45.0%
25.0%
Charlotte
62.0%
Indianapolis
Alternative Investment s
Other
Total
Other Description / Comments
100.0% 40.5%
30.7%
100.0%
Alt: Hedged equity/credit; Other: Cash, Real Estate, Real Assets
30.0%
100.0%
Other :Hedge Fnds, Private Real assets, Real Estate, Pvt Equity,Commodities
14.0%
24.0%
100.0%
48.8%
31.5%
15.2%
Lehigh Valley
65.0%
35.0%
Nashville
40.3%
36.0%
Northeastern NY
60.0%
40.0%
Omaha
45.7%
15.8%
Ottawa
60.0%
40.0%
Richmond
51.0%
16.0%
30.0%
3.0%
100.0%
Sarasota Manatee
28.8%
5.4%
40.5%
25.3%
100.0%
Southern Arizona
56.9%
35.3%
6.8%
1.0%
100.0%
4.5%
100.0% 100.0%
23.7%
100.0% 100.0%
17.6%
20.9%
100.0%
95% of Assets invested with Chicago, 4% with Boston, 1%cash equiv & bonds
100.0% Other:Cash; Alt:3%Real Estate,3% Pvt Eqty,21% Absolute Retn,4% Commod.
Alt: Hedge Funds; Other: Cash
2012 Annual Survey- Permanent Fund Investment Allocations Intermediate & Small Communities (con't)
Equities
Bonds
Southern New Jersey
54.0%
46.0%
Tidewater
29.8%
3.3%
Alternative Investment s
Other
Total
Other Description / Comments
100.0% 49.4%
17.5%
Toledo
100.0%
Alt: Absolute ret'n and Hedged Equities,Venture Capital, Pvt Equity, Real Assets, Credit Related Investments; Other: Cash
0.0%
Western MA
70.0%
30.0%
Delaware
61.9%
23.6%
0.0%
Des Moines
49.0%
40.0%
11.0%
Flint
14.5%
100.0%
10% Target for Israel Bonds
100.0%
Includes inflation rprotected securities, real estate, commodities & cash
100.0% 0.0%
Greensboro
60.0%
35.0%
5.0%
100.0%
Long Beach
33.0%
62.0%
5.0%
100.0%
North East Florida
50.0%
50.0%
100.0%