2018 Data
Total program Funding PAID:
$74.5 million to more than 200 organizations
(includes commitments made in prior years)
2018 new funding approved by Type of Support
| Type of Funding | Value of Funding (USD in Millions) | |
|---|---|---|
| General Operating Support Grants* | $13.86 | |
| Project Support Grants* | $48.15 | |
| Capital Improvement Grants | $12.50 |
*includes unrestricted funding.
Fair Market Value of Assets
We maintain a long-term view with respect to Houston Endowment’s investments. Our investment objective is to achieve returns that allow us to maintain a stable pattern of program funding each year while continuing to grow the real value of the endowment.
Fair Market Value of Assets at Year EnD
| Year | Fair Market Value of Assets at Year End (USD in Billions) | |
|---|---|---|
| 2014 | $1.76 | |
| 2015 | $1.67 | |
| 2016 | $1.69 | |
| 2017 | $1.83 | |
| 2018 | $1.75 (preliminary) |
Program Spending
Houston Endowment determines our yearly charitable spending budget using a formula based on five percent of a three-year rolling average of the endowment’s market value. The spending policy is designed to provide a relatively stable pattern of spending, despite short-term market fluctuations, and to preserve the inflation-adjusted value of the endowment in perpetuity.
program funding Paid
| Year | Program Funding Paid (USD in Millions) | |
|---|---|---|
| 2014 | $80.79 | |
| 2015 | $56.97 | |
| 2016 | $60.99 | |
| 2017 | $65.42 | |
| 2018 | $74.51 |
Financial Statements
Houston Endowment engages independent auditors annually to audit our financial statements.