Assets
The Rosenberg Foundation endowment is invested in a diversified and actively managed portfolio of stocks and bonds, consistent with Rosenberg Foundation's fiduciary duties under law. A small part of the Foundation's endowment is invested in mutual funds and venture capital partnerships. The Foundation's investments had a total market value of $60.1 million on December 31, 2005.
Investment Management
Rosenberg Foundation investments are managed by Wentworth, Hauser & Violich (San Francisco, CA). The Foundation also has investments in mutual funds and venture capital partnerships managed by:
- Asset Management Associates (Palo Alto, CA)
- New Enterprise Associates (Menlo Park, CA)
- The Investment Fund for Foundations (Charlottesville, VA)
Payout
Federal law requires that each private foundation spend no less than five percent of the market value of its assets in grants and operating expenses each year. The directors of Rosenberg Foundation have chosen to distribute more each year than federal law requires. The policy of the Foundation is to limit spending to an average of 5.5% of assets annually in order to maintain the real value of the Foundation's endowment over time.
Audits
The Rosenberg Foundation financial reports are audited annually by Lindquist, von Husen & Joyce (San Francisco, CA).
Public Records
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