Total program Funding Approved:
$79.4 million to more than 130 organizations
(includes commitments to be paid in future years)
2017 new funding approved by Type of Support
|Type of Funding||Value of Funding (USD in Millions)|
|General Operating Support Grants*||$14.54|
|Project Support Grants*||$42.15|
|Capital Improvement Grants||$20.83|
|Direct Charitable Activities||$1.86|
*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)|
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)|