2016 Data
Total Grants Approved:
202 grants to 171 organizations
Total of Grants Approved:
$62,428,570
(includes commitments to be paid in future years)
2016 new grants approved by Type of Support
| Type of Grant | Value of Grants (USD Millions) | Number of Grants | |
|---|---|---|---|
| Capital | $4.4 | 4 Grants | |
| Operating Support | $18.8 | 114 Grants | |
| Project Support | $39.2 | 84 Grants |
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 grant spending 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 | |
|---|---|---|
| 2011 | $1.45B | |
| 2012 | $1.54B | |
| 2013 | $1.73B | |
| 2014 | $1.76B | |
| 2015 | $1.67B | |
| 2016 | $1.67B (preliminary) |
Grant Spending
Houston Endowment determines our yearly grant 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 on grants, despite short-term market fluctuations, and to preserve the inflation-adjusted value of the endowment in perpetuity.
Grants Paid
| Year | Grants Paid (USD in Millions) | |
|---|---|---|
| 2011 | $77.15 | |
| 2012 | $78.72 | |
| 2013 | $64.48 | |
| 2014 | $85.83 | |
| 2015 | $62.67 | |
| 2016 | $65.14 |
Financial Statements
Houston Endowment engages independent auditors annually to audit our financial statements.