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Financial Information

The Norfolk Foundation makes good financial sense. We offer:

  • Significant tax advantages

  • Low administrative costs

  • Professional stewardship of assets

  • Charitable interests preserved in perpetuity

The Norfolk Foundation is committed to making sure the charitable dollars entrusted by its donors for the community are available today and forever. Strong development efforts and strategic investment policies make this possible. In 2005 the Foundation revised its target asset allocation adding private equity and real estate to its alternative asset class. Incremental investments over the next five years in those sectors of the market funded from the present holdings in hedge funds will bring the portfolio to its target allocation. The target asset allocation and the interim asset mix are shown below.

  • Click here for the 2006 audited financial statements

  • Click here for the 2006 Return of Organization Exempt From Income Tax (990) form
     

Norfolk 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%
10%
33%
 
45%
Inflation Protection Assets

U.S. Inflation Protected Fixed
Real Assets

Total Inflation Protection Assets

 

8%
10%

18%

The Norfolk Foundation’s Master Pool Investment Performance – March 31, 2008
(As compared to its Benchmark)

Portfolio Market Value: $208,096,878 (3/31/08)

As of March 31, 2008

 3 Mos. 1 Year 3 Year 5 Year
Total Fund    -1.4%    7.3%     10.1%         13.4%      
60% S&P 500/40%  L.B. Aggregate  -3.9%      2.7%     7.9%         11.8%      
Returns are net of all fees and are for funds invested in The Norfolk Foundation’s master pool. Returns beyond one year are annualized. Fiscal year ends December 31. Past performance is no guarantee of future results

Click here for a list of fund managers

Efficiency of Operations

Maintaining a low-cost structure has long been a goal of the Foundation’s board. For 2006 the ratio of supporting expenses to total assets was .37%.

Information on The Norfolk Foundation's investment managers, fees and investment committee is available by contacting Martha B. Ambler, director of finance and administration, at mambler@norfolkfoundation.org, 757-622-7951 or The Norfolk Foundation, One Commercial Place, Suite 1410, Norfolk, VA 23510-2103.

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