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Financial Information


Our Foundation offers you:

  • Significant tax advantages
  • Low administrative costs
  • Professional stewardship of assets
  • Charitable interests preserved forever

We make sure the charitable dollars entrusted to us by our donors to benefit our community are available today and forever. In 2005 we revised our target asset allocation and added private equity and real estate to our alternative asset class. Incremental investments over the next few years in those sectors will bring our portfolio to its target allocation. In addition to our board of directors, our investments are overseen by our investment committee and independent investment advisor, Hammond Associates.

  • Click here for the 2008 audited financial statements
  • Click here for the 2008 Return of Organization Exempt From Income Tax (990) form
     

Hampton Roads Community Foundation Asset Allocation

Asset Class

One-Year Horizon Policy

Growth Assets
U.S. Stocks
International Stocks
Private Equity/Special Situations
Total Growth Stocks


18%
17%
 3%
38%

Risk Reduction Assets
Cash
U.S./Global Fixed Income
Hedge Funds
Total Risk Reduction Assets

 
2%
8%
36%
46%

Inflation Protection Assets
U.S. Inflation Protected Fixed
Real Assets
Total Inflation Protection Assets


5%
11%
16%


Hampton Roads Community Foundation’s Master Pool Investment Performance – May 31, 2010
(As compared to its Benchmark)

Portfolio Market Value: $193,439,387 (5/31/10)

As of May 31, 2010

3 Mos.

YTD*

 1 Year

3 Year

5 Year

Master Pool   

-1.1%

-0.8%

9.5%  

-2.1%             

3.8%   
   

Benchmark -- 60% S&P 500/ 40% Barclays Capital

0.3%

0.7%

16.1%

-2.3%                

2.6%            

 

Returns are net of all fees and are for funds invested in the Hampton Roads Community Foundation's master pool. Returns beyond one year are annualized. Fiscal year ends December 31. Past performance is no guarantee of future results.
*denotes year to date

Note: The portfolio benchmark's allocation has similar risk and return characteristics to our master pool portfolio. Returns are net of all fees and are for funds invested in the Hampton Roads Community Foundation's master pool. The audited financials are posted to our website where our investment performance results are updated monthly.

Investment Update
Hammond Associates, our investment consultant, has strict oversight for hedge fund manager selection criteria, which includes transparency of investment strategy, sufficient risk monitoring transparency, and reasonableness of reported returns. Our Foundation's hedge fund portfolio has weathered the capital markets storm well, declining only 12.1% for 2008. This compares favorably to the HFRI Fund of Funds Index (-20%) and the S&P 500 (-37.8).  For the past five years our Foundation's hedge funds have been one of its top performing asset categories.  The hedge fund program has generated an annualized return of 5.9% for the Foundation, approximating the performance of traditional fixed income securities over a period in which the S&P 500 declined 2.2% per annum.
Click here for a list of fund managers
 

Efficiency of Operations

Maintaining a low-cost structure is a goal of  our board. For 2009 the ratio of supporting expenses to average net assets was .51%.

Information on our investment managers, fees and investment committee is available by contacting Martha Ambler, chief financial officer, or calling her at (757) 622-7951 or Hampton Roads Community Foundation, One Commercial Place, Suite 1410, Norfolk, VA 23510-2103.

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