MB Foundation endowment management ranks in top 10 percent

0
688

Study gathered data from 805 organizations nationwide 

MB Foundation press release Money

MB Foundation (MBF) is excited to announce the results of the National Association of College and University Business Officers’ (NACUBO) annual study of endowments. Results reported through June 2016 placed MB Foundation endowment performance in the top 10 percent of the national study.

The NACUBO study gathered data from 805 colleges and universities across the U.S. The average size of endowments in this study was $639.9 million. As of June 30, 2016, MBF’s standard endowment return was in the top 10 percent for one-year returns among all endowments in the study. In addition, the average return for the top quartile of endowments in the study was 1.0 percent compared to MBF’s standard endowment strategy return of 2.7 percent.

Of even greater significance is the 10-year average return reported in the NACUBO study of 5.0 percent for the period ending June 30, 2016, compared with the MBF standard endowment portfolio return of 5.8 percent over the same period.

“I am very pleased to see such tangible evidence of the effectiveness of our fund management programs,” says Jon C. Wiebe, president and CEO. “We have worked diligently over the years to build a framework for excellence, and it is rewarding to see this success as measured against our peers.”

MBF board and staff work together with consultant Cornerstone Management, Inc., and a platform of institutional money managers to serve the fund management needs of donors and Mennonite Brethren ministries.

MB Foundation is the stewardship ministry of U.S. Mennonite Brethren. To learn more, contact MBF at 800-551-1547.

 

 

CL Archives
This article is part of the CL Archives. Articles published between August 2017 and July 2008 were posted on a previous website and are archived here for your convenience. We have also posted occasional articles published prior to 2008 as part of the archive. To report a problem with the archived article, please contact the CL editor at editor@usmb.org.

LEAVE A REPLY

Please enter your comment!
Please enter your name here