2022 Investment Update
Even as market volatility impacts our investments today, endowments provide long-term benefits.
Events close to home and around the world have had a significant impact on the stock market and, as a result, the Community Foundation’s investments.
While the S&P 500 and NASDAQ have lost 20% and 29% respectively, our investment portfolios have fared significantly better, declining by 16.44% since January 1 and 12.6% since June of last year. In addition, we saw sizable gains between 2019 to 2021, which blunts some of the impact of the current downturn.
The recent market volatility highlights the importance of endowments as vehicles for community impact. The fixed percentage they pay out each year makes them stable, reliable sources of funding and tools for grantmaking. Please remember that although you have a maximum 5% payout you can draw from each year, you can choose to take less during difficult financial times to help further preserve your fund’s balance.
If you have any questions please feel free to reach out.