Foundation Ahead of Benchmark During Difficult 2022 Markets
While 2022 was a very tumultuous year, the Corporation’s Commingled Fund remained well-positioned and diversified in a variety of asset classes, strategies and geographies.
Although equity markets finished the year with a strong rally (the S&P 500 was up 7.6% in the fourth quarter), markets still suffered one of their worst outcomes in decades in 2022, as the S&P 500 finished the year down -18.1% — the worst outcome in 14 years.
The Community Foundation’s Corporation return for the fiscal year of 2022 was 60 basis points better than its market benchmark (-12.6% against -13.2% for the benchmark).
While 2022 was a very tumultuous year, the Corporation’s Commingled Fund remained well-positioned and diversified in a variety of asset classes, strategies and geographies.
