The potential to grow your funds – and your impact – tax free
At DJCF, we believe that investing in our community today creates a brighter tomorrow. Core to our mission is to support sustainable growth and positive change by directing investments that drive social good, economic development, and long-term prosperity for all.
By partnering with us, your investment doesn’t just grow financially—it helps create meaningful change in the lives of individuals, families, and nonprofits within our community. The Foundation’s investment portfolio is managed by Graystone Consulting, under the guidance of the Foundation’s Investment Committee.
DJCF offers seven different pools to meet the charitable objectives of donors and nonprofit organizations. The Foundation’s Investment Committee and independent investment consultant, Graystone Consulting, the institutional consulting business of Morgan Stanley, oversee asset allocation, manager selection and performance monitoring for the pools. Investment returns are reported monthly.
Objectives: The cash and cash equivalent pool is designed for fundholders who wish to make grants immediately or who cannot sustain any loss of principal over any time horizon.
- Cash & Cash Equivalent100
- Current Yield:4.40%
Objectives: Provide a reasonable level of current income and simultaneously protect the purchasing power of the principal against inflation.
- Bond70
- Equity Income30
- Current Yield:4.05%
- Since April 2017:4.53%
- Benchmark: 3.65%
- Fees:36bps
Objectives: The primary objective is growth of principal, where current income needs are of secondary importance.
- Bond35
- Equity65
- Since April 2017:5.40%
- Benchmark: 5.59%
- Fees:36bps
Objectives: To provide similar investment returns as the Balanced Pool, but to reduce the volatility of the returns by increased pool diversification through the use of passive market strategies
- ETF Bond40
- ETF Equity60
- Since April 2017:7.06%
- Benchmark:7.09%
- Fees:17bps
Objectives: The objective is growth of principal and for protection against inflation.
- Bond25
- Equity75
- Since April 2017:5.98%
- Benchmark:6.52%
- Fees:37bps
Objectives: To provide similar investment returns as the Growth Pool with a high correlation to overall markets and no active manager risk through the use of passive market strategies.
- ETF Bond25
- ETF Equity75
- Since June 2022:9.27%
- Benchmark:10.09%
- Fees:17bps
Objectives: To provide similar investment returns as the Balanced Pool, but to reduce the volatility of the returns by increased pool diversification through the use of private market strategies.
The Endowment Pool is managed consistent with endowment best practices and includes allocations to private/alternative illiquid investments. The Endowment Pool is currently available to custodial agency funds in excess of $10 million AUM and the individual scholarships and endowment funds managed by DJCF/SWCF.
- Bond20
- Equity50
- Real Assets5
- Private Assets25
- Since April 2017:7.04%
- Benchmark:6.45%
- Fees:60bps
1Performance reported net of fees. Fees comprised of investment advisory and underlying manager expenses. Monthly performance reports provided at www.djcf.org. Data as of 1/31/2024. Actual investment advisory fees may vary as they are based on AUM and underlying investments which are subject to change.
Performance Reports & Fact Cards
Graystone provides monthly investment return information on the models as a whole and fact cards for the individual models and the sub-funds that make up each model. See below for the latest investment reports:
