Investment Report for Second Quarter of 2017
Seattle Foundation investments continued with a strong second quarter
August 16, 2017
Community philanthropists entrust Seattle Foundation to manage funds in order to fulfill our mission of fostering powerful and rewarding philanthropy to make King County a stronger, more vibrant community for all. Reflecting the infinite life of a community foundation, we take a long-term approach to our investment management to maximize the philanthropic resources available over time to meet community needs. We offer a variety of asset allocation pool options to suit a wide variety of philanthropists’ goals and keep philanthropists updated on each pool’s performance on a quarterly basis.
Second Quarter Performance Snapshot:
Seattle Foundation continued 2017 with another strong quarter. The U.S. and Europe's continued growth, along with Japan's recovery, all positively impacted our investment returns.
The Balanced Pool, our largest investment pool and designed for the long term, gained 3.3 percent on the quarter and 14.4 percent for the past 12 months.
Our Socially Responsible Pool, designed to meet environmental, social, and governance issues while also providing competitive economic returns, lost 1.5 percent for the quarter. While this was in large part a pull back after a strong 2016, the one-year return for the SR pool is 23.5 percent, well above target benchmark.
Our Intermediate-Term Pool, designed for donors with a three to seven year grantmaking horizon, gained 1.6 percent this quarter and 3.5 percent year-to-date.
The Short-Term Pool, with a zero to two year giving horizon, gained 0.2 percent on the quarter, bringing year-to-date return to 0.4 percent.
The Index Pool, which is all passive, gained 4.0 percent this quarter and is up 10.3 percent over the past year.
Our Growth Pool, which holds more than 80 percent of the portfolio in equities, gained 3.6 percent this quarter.
We are thankful for the opportunity to support generous philanthropists in creating powerful, rewarding philanthropy to make Greater Seattle a stronger, more vibrant community for all.
Read more about this quarter's performance.
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