Getting more out of
Since its establishment, Globalance Bank specializes in managing foundation assets. For this purpose we have developed the concept of dual return: Apart from optimizing returns through diversification and cost-efficiency, we add purpose to the equation.
This results in better returns, sufficient revenue to finance program activities and the investment of wealth in assets that align with the foundation’s purpose (positive Footprint).
In recent years, the debate about foundations’ need for a professional investment strategy intensified. The Swiss Foundation Code 2015 now formally calls for a precise investment strategy. The board is further invited to decided if and how the foundation-capital should directly support its mission.
An important step in following this advice is a thorough assessment of the status quo. The Globalance Portfolio Check for foundations helps you do just that: Your assets are analysed in terms of costs, diversification and footprint. Need for action is indicated in a practical and tangible way. The next step is to implement the necessary changes. Our services are growing ever more popular among foundations.
Did you know that:
73% of charitable foundations fail to set a financial performance target
Only 43% of charitable foundations assess the performance of their financial advisors against such target
Foundations consider explicit costs only but underestimate total cost
42% of foundations know little about the Portfolio Footprint of their financial assets, even in cases where mission-related investing is stipulated by their policies.
These are just a few of the headlines of a joint survey by the Centre for Philanthropy Studies at the University of Basel and Globalance Bank.