News for Donor Advisors

Investment Update: Spring 2020

graphs and charts

The latter part of first quarter introduced historic levels of volatility and significant losses in the equity markets. The S&P 500 Index ended the quarter down 19.60%, with much of the decline beginning near the end of February and continuing through March.

Prior to March, the Community Foundation had been underweight with its equity allocation allowing for a higher cash position. This tactical shift served the portfolio well.

Investment Returns

As the equity market valuations fell, the portfolio was able to increase its equity allocation from 65% to the 75% target. This shift aided the portfolio in outperforming its benchmarks by almost 2% for the quarter.

As you know, today’s environment is filled with uncertainty and much recovery will need to happen in the economy in the months to come, but by following a disciplined approach, the Foundation has been able to benefit from the increased volatility and anticipates future long-term return potential to be greater.

To protect the health and safety of our donors and employees, our physical office is closed. Our team is currently working remotely and is standing by ready to assist you. Please contact us by phone at 605.336.7055 or by email at info@sfacf.org.