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Music Center Foundation | The Music Center Foundation - Investment Management
The Music Center Foundation’s assets are managed in a diversified portfolio with a long-range focus. The investment objective of the Foundation is long-term growth with liquidity for annual distributions and expenses as well as flexibility for special distribution needs.
investment, management, endowment, portfolio, assets
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Investment Management

About

The Music Center Foundation’s assets are managed in a diversified portfolio with a long-range focus. The investment objective of the Foundation is long-term growth with liquidity for annual distributions and expenses as well as flexibility for special distribution needs.

  • Distribution

  • Expenses

  • Inflation

Performance

We target a return of 7.4%, which covers the 5% distribution, .5% for expenses, and 2% for inflation. Our performance over the past 25 years has been right on target.

Music Center Foundation Core Endowment Portfolio

(numbers in $MM)

The Foundation was initially funded with a $25,000 gift. Since 1995, the core endowment fund has grown by an average of 5.1% after making the 5% annual distributions to the Resident Companies and the Music Center. The Fund had a principal balance of $40 MM in 1995. During the next 28 years, the Foundation distributed over $125 MM back to the Music Center and Resident Companies and the principal balance has grown to $160 MM.

  • 1973

  • 1980

  • 1990

  • 1995

  • 2000

  • 2005

  • 2010

  • 2015

  • 2018

Assets Under
Management

The portfolio is managed by a thirteen member Investment Committee with representatives from the Resident Companies and The Music Center. We are advised by Monticello Associates, an investment advisor with expertise in endowments and foundations.

Responsible Investment
Policy

The Music Center Foundation is committed to responsibly managing the endowment by generating financial returns while also seeking to align our investments with our Guiding Principles. Details on our commitment can be found in our Responsible Investment Policy.