Financial and Legal Information

Investment Results

Investment Report as of December 31, 2023

ANNUALIZED PERFORMANCE COMPARISON
1 YEAR
3 YEAR
5 YEAR
10 YEAR
ANNUALIZED PERFORMANCE COMPARISON
RACF Domestic Equity Managers
1 YEAR
16.8%
3 YEAR
7.0%
5 YEAR
12.6%
10 YEAR
9.8%
ANNUALIZED PERFORMANCE COMPARISON
RACF International Equity Managers
1 YEAR
18.3%
3 YEAR
3.9%
5 YEAR
7.0%
10 YEAR
3.8%
ANNUALIZED PERFORMANCE COMPARISON
RACF Total Equity Portfolio1
1 YEAR
16.8%
3 YEAR
5.6%
5 YEAR
10.1%
10 YEAR
7.4%
ANNUALIZED PERFORMANCE COMPARISON
Equity Blended Index2
1 YEAR
20.9%
3 YEAR
5.3%
5 YEAR
11.3%
10 YEAR
8.2%
ANNUALIZED PERFORMANCE COMPARISON
RACF Fixed Income Portfolio1,5
1 YEAR
8.2%
3 YEAR
-2.1%
5 YEAR
2.1%
10 YEAR
1.9%
ANNUALIZED PERFORMANCE COMPARISON
Fixed Income Blended Index3
1 YEAR
7.4%
3 YEAR
-2.9%
5 YEAR
1.6%
10 YEAR
1.7%
ANNUALIZED PERFORMANCE COMPARISON
RACF Alternatives Portfolio1,5
1 YEAR
15.5%
3 YEAR
5.5%
5 YEAR
6.4%
10 YEAR
4.2%
ANNUALIZED PERFORMANCE COMPARISON
HFRI Fund of Funds4
1 YEAR
6.6%
3 YEAR
2.3%
5 YEAR
5.2%
10 YEAR
3.3%
ANNUALIZED PERFORMANCE COMPARISON
RACF Blended Endowment Portfolio1,5
1 YEAR
15.0%
3 YEAR
4.2%
5 YEAR
8.3%
10 YEAR
6.2%
ANNUALIZED PERFORMANCE COMPARISON
Endowment Blended Index6
1 YEAR
16.7%
3 YEAR
3.4%
5 YEAR
8.9%
10 YEAR
6.5%

Comparative Indexes

ANNUALIZED PERFORMANCE COMPARISON
1 YEAR
3 YEAR
5 YEAR
10 YEAR
ANNUALIZED PERFORMANCE COMPARISON
90-Day Treasury Bill Index
1 YEAR
5.0%
3 YEAR
2.2%
5 YEAR
1.9%
10 YEAR
1.2%
ANNUALIZED PERFORMANCE COMPARISON
Barclays Aggregate Bond Index
1 YEAR
5.5%
3 YEAR
-3.3%
5 YEAR
1.1%
10 YEAR
1.8%
ANNUALIZED PERFORMANCE COMPARISON
Wilshire 5000 Equity Index
1 YEAR
26.1%
3 YEAR
9.0%
5 YEAR
15.4%
10 YEAR
11.7%
ANNUALIZED PERFORMANCE COMPARISON
S & P 500 Composite Index
1 YEAR
26.3%
3 YEAR
10.0%
5 YEAR
15.7%
10 YEAR
12.0%
ANNUALIZED PERFORMANCE COMPARISON
MSCI EAFE Index
1 YEAR
18.2%
3 YEAR
4.0%
5 YEAR
8.2%
10 YEAR
4.3%
ANNUALIZED PERFORMANCE COMPARISON
HFRI Fund of Funds Index
1 YEAR
6.6%
3 YEAR
2.3%
5 YEAR
5.2%
10 YEAR
3.3%
ANNUALIZED PERFORMANCE COMPARISON
Consumer Price Index
1 YEAR
3.3%
3 YEAR
5.8%
5 YEAR
4.2%
10 YEAR
2.8%

  1. Performance is net of all consulting, custody and investment manager fees, currently averaging 0.87% of market value.
  2. Equity Blended Index weights as of 5/1/2018 are 45% Wilshire 5000, 10% Russell 2000, 35% MSCI EAFE and 10% MSCI Emerging Markets; as of 09/1/2011 are 52.5% Wilshire 5000, 12.5% Russell 2000, 26.25% MSCI EAFE and 8.75% MSCI Emerging Markets; as of 12/31/09 they were 55% Wilshire 5000 Index, 15% Russell 2000 and 30% MSCI EAFE Index; as of 11/1/07 they were 75% Wilshire 5000 Index and 25% MSCI EAFE Index; as of 7/1/05 they were 80% Wilshire 5000 Index and 20% MSCI EAFE Index; prior to that the weights were 85% Wilshire 5000 Index and 15% MSCI Stanley EAFE Index.
  3. Fixed Income Blended Index weights as of 12/31/13 are 35% Barclays Capital Aggregate, 15% Merrill High Yield, 20% Citigroup World Govt. Bond, 15% J.P. Morgan GBI-EM Global Diversified Index and 15% Barclays US TIPS; as of 12/31/08 the Fixed Income benchmark was the Barclays Capital Aggregate; as of 7/1/06 it was the Lehman Aggregate Bond Index; prior to that it was the Lehman Govt./Corp Intermediate Bond Index.
  4. Alternative Investment benchmark as of 10/1/2013 is the HFRI Fund of Funds.
  5. As of 1/1/2014, RACF Blended Endowment Portfolio consists of 70% Total Equity, 20% Total Fixed Income and 10% Total Alternative Investment returns. As of 10/1/2013 we were invested 70% Total Equity, 25% Total Fixed Income and 5% Total Alternative Investment returns.
  6. Endowment Blended Index weights as of 1/1/2014 are 36.75% Wilshire 5000, 18.375% MSCI EAFE, 6.125% MSCI Emerging Markets, 8.75% Russell 2000, 7% Barclays Aggregate, 3% Merrill High Yield, 4% Citigroup World Govt. Bond, 3% J.P. Morgan GBI-EM Global Diversified Index, 3% Barclays US TIPS and 10% HFRI Fund of Funds; as of 10/1/2013 they were 36.7% Wilshire 5000, 18.375% MSCI EAFE, 6.125% MSCI Emerging Markets, 8.8% Russell 2000, 8% Barclays Aggregate, 4% Merrill High Yield, 5% Citigroup World Govt. Bond, 4% J.P. Morgan GBI-EM Global Diversified Index, 4% Barclays US TIPS and 5% HFRI Fund of Funds; as of 9/1/2011 were 36.7% Wilshire 5000, 18.375% MSCI EAFE, 6.125% MSCI Emerging Markets, 8.8% Russell 2000 and 30% Barclays Aggregate; as of 12/31/09 they were 47.5% Wilshire 5000 Index, 22.5% MSCI EAFE Index and 30% Barclays Aggregate Bond Index; as of 11/1/07 they were 52.5% Wilshire 5000 Index, 17.5% MSCI EAFE Index and 30% Lehman Aggregate Bond Index; as of 7/1/06 they were 56% Wilshire 5000 Index, 14% MSCI EAFE Index and 30% Lehman Aggregate Bond Index; as of 7/1/05 the weights were 56% Wilshire 5000 Index, 14% MSCI EAFE Index and 30% Lehman Govt/Corp Intermediate Bond Index; prior to 7/1/05 the weights were 60% Wilshire 5000 Index, 10% MSCI EAFE Index and 30% Lehman Govt/Corp Intermediate Bond Index.

For More Information

You may download ourĀ December 31 Investment Report or our Investment Policy. If you are interested in further information, such as the names of our current investment managers, members of the Investment Committee, and fees charged, please contact Amy Vars, Senior Vice President & Chief Financial Officer.

Financial Transparency

As a public charity, Rochester Area Community Foundation makes a point of operating in an open manner that welcomes scrutiny. We take our obligation to donors, community groups, and the public very seriously. Accordingly, our federal tax returns, audited financial statements, and other related documents are posted on our website and are on file with the New York State Attorney General.

We are also pleased to offer our Consolidated Financial Statements, which include the independent auditor’s report from Bonadio & Co., LLP.

Individual Form 990s and Tax Determination Letters

Annually in November, we file an individual Form 990 with the IRS for Rochester Area Community Foundation, Rochester Area Community Foundation Depository, Inc., Rochester Area Foundation, Rochester Area Community Foundation Initiatives, Inc., and Feinbloom Supporting Foundation.

Each organization’s separately filed IRS Federal Form 990 and Tax Determination Letter are available below and updated annually.


For More Information

If you have any questions regarding the information included in any of these returns, reports or letters, or wish to receive information from prior fiscal years, please email Amy Vars, Senior Vice President & Chief Financial Officer, or call her at 585.271.4100.

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In general, you can visit www.racf.org without telling us who you are or revealing any personal information about yourself. There are times, however, when we may need information from you, such as your name, home or business address and email address. RACF will seek to let you know before we collect any personal information from you over the Internet. Some examples of when we may need information are if you choose to participate in our online donor grantmaking, philanthropy nomination, or subscribe to our planned giving email advisories directly from our Web sites. When you choose to give us personal information over the Internet that we may request or may be necessary to serve you, RACF will endeavor to let you know how we will use this information. RACF will also seek to take appropriate steps to protect the information you share with us, including using appropriate technology for credit card data used in electronic commerce transactions which we plan to institute in the future.

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