Ensuring long-term growth and stability for Calgary Foundation through strategic endowment management
Calgary Foundation has a robust management and governance structure in place to monitor and maintain its primary endowment portfolio.
Calgary Foundation Objective: Earn a real rate of return over the long term that preserves the purchasing power of the endowment, 6.0% over a moving 10-year period. (This target is an aggregate of the Foundation’s spending policy rate of 5.0%, which is the amount we grant to charities and spends on charitable activities, and a 1.0% provision for operating cost recovery).
We recognize that we must take on some risk to execute our strategy, and that there are uncertainties and complexities when investing in capital markets. Accordingly, the Foundation utilizes the expertise of external investment managers that work in accordance with the Foundation’s Statement of Investment Policy to implement our investment strategy. This policy formulates the objectives and principal governance for prudent investment of the endowment and uses a total return strategy that adds capital gains to other potential income sources to achieve the long-term return objective.
View our Quarterly performance webcast below:
Target asset mix
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Canadian Money Market
2%
Mawer Investment Management
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Canadian Bonds
16%
TD Asset Management Inc.
-
Private Debt
10%
Alcentra Ltd.Crescent CapitalMGG Investment GroupPemberton Asset ManagementStar Mountain Capital
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Canadian Equities
10%
Mawer Investment ManagementTD Asset Management Inc.
-
Global Equities
15%
Mawer Investment Management (Global)TD Asset Management Inc. (International)TD Asset Management Inc. (United States)
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Global Small Cap Equities
5%
Arrowstreet Capital
-
Emerging Market Equities
5%
Phillips, Hager & North Investment Management
-
Real Assets
25%
Crestpoint Real Estate Investments Ltd.Fidelity InternationalI Squared CapitalNew American BridgesPalistar CapitalPartners Group Direct InfrastructureStonepeak PartnersWalton Street Capital, L.L.C.
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Private Equity
12%
GI PartnersPomona CapitalTDR Capital