Hampton Roads Community Foundation

Financial Information

Our Foundation offers you:

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.

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


16%
16%
 8%
40%

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

 
2%
10 %
35%
47%

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


4 %
9 %
13%

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

Portfolio Market Value: $195,006,193 (7/31/10)

As of July 31, 2010

 3 Mos.

YTD*

1 Year

3 Year

5 Year

Master Pool   

-1.9%

0.8%

7.5%  

-2.1%             

3.6%   
   

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

-2.5%

2.8%

12.2%

-0.7%                

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: Returns are net of all fees and are for funds invested in the Hampton Roads Community Foundation's master pool.

Investment Update
Investment Update

For the month of July 2010, the Hampton Roads Community Foundation returned 2.7%.  During this period, global equity markets rose over 7%.  The euro rose by 7.7% against the dollar during July, lifting non-dollar investments even higher.  In fixed income markets, the yield on the 10-Year Treasury remained below 3%, creating a return of less than 1%.  For the month, the portfolio under performed the 60% equity/40% fixed income benchmark given this large rebound in the equity markets.

During this period, the portfolio has been highly hedged, which will restrict portfolio movement in up markets, but provide significant protection in down markets.  As you can see when you review the longer term comparison, in this case the five-year returns, the portfolio has beaten the 60/40 benchmark by an annualized 1 percentage point per year.  For the past five years, the portfolio has increased 3.6% while the global equity markets were up 0.9% and fixed income investments rose 6%.
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 writing her at the Hampton Roads Community Foundation, One Commercial Place, Suite 1410, Norfolk, VA 23510-2103.