Investment options

Investment Pools

• Long-term endowment pool (active management)

  This investment pool is a well-diversified portfolio that may invest in global equities, global fixed income, and alternative investments, including private equity, private real estate, real assets, and hedged strategies. The pool is also invested in a select mix of both active and passive investment managers designed to maximize long-term, after-all-cost performance for each asset class. Because of the likely illiquidity of some underlying investments, this pool is best suited for those funds which are permanently endowed or similarly restricted in their liquidity requirements, have an investment time horizon of 10 years or greater, and seek higher long-term returns as compared to a more moderately-balanced, passive investment portfolio.

  Download 2023 Q4 long-term active investment documents >

• Long-term endowment pool (passive management)

  Similar to the actively managed Long-Term Endowment Pool, this investment pool is a well-diversified portfolio which may invest in global equities and global fixed income. In contrast to the actively managed pool, this pool will not invest in alternative investments (private equity, private real estate, real assets, or hedged strategies) and therefore will maintain a higher degree of liquidity. Further, this pool will invest exclusively in lower cost, passive and passive-like investment managers across the various equity and fixed income asset classes. This pool is best suited for those funds which are permanently endowed, have an investment time horizon in excess of 10 years, and seek simplicity along with higher long-term returns compared to a more moderately balanced investment portfolio.

  Download 2023 Q4 long-term passive investment documents >

• Mid-term pool (active management)

  This investment pool is a well-diversified portfolio which will invest in a moderate allocation of global equities and fixed income. This pool will not invest in alternative investments (private equity, private real estate, real assets, or hedged strategies) and therefore will maintain a higher degree of liquidity for donors. The pool is invested in a select mix of both active and passive investment managers designed to maximize long-term, after-all-cost performance for each asset class. This pool is best suited for donors and funds that desire a more moderate balance between global equities and fixed income, seek simplicity with potential for market outperformance, and desire more moderate long-term returns with less equity market volatility.

  Download 2023 Q4 mid-term active investment documents >

• Mid-term pool (passive management)

  This investment pool is a well-diversified portfolio which will invest similarly to the Long-Term Endowment Passive Pool, but with a more moderate allocation to global equities relative to global fixed income. This pool will not invest in alternative investments (private equity, private real estate, real assets, or hedged strategies) and therefore will maintain a higher degree of liquidity for donors. This pool will also invest exclusively in lower cost, passive and passive-like investment managers across the various equity and fixed income asset classes. This pool is best suited for donors and funds that desire a more moderate balance between global equities and fixed income, seek simplicity along with more moderate long-term returns, and are less comfortable with short-term equity market volatility.

  Download 2023 Q4 mid-term passive investment documents >

• FundATX

  The investments made through FundATX are high-impact projects intended to create a positive social outcome along with a financial return. The investments take the form of loans to nonprofit organizations or community development institutions.

  Download 2022 Impact Snapshot >