Total Grants Approved:
164 grants to 153 organizations
Total of Grants Approved:
(some of which will be paid in future years)
2015 new grants approved by Type of Support
|Type of Grant||Number of Grants||Value of Grants (USD Millions)|
|Operating Support||93 Grants||$13.2|
|Project Support||61 Grants||$47.8|
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|
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 markets fluctuations, and to preserve the inflation-adjusted value of the endowment in perpetuity.
|Year||Grants Paid (USD in Millions)|