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Management report endowment

The objective is that the endowment can meet 20 % of foundation grants by the year 2025.

Endowment CARF Foundation
December 31, 2022

The endowment 523,000 for scholarships, which represents 9 % of the total grants awarded by the CARF Foundation that reached 5,810,154 ā‚¬ in 2022. The objective is to increase this amount by 1 % each year for grants.

Real estate: 11,591,043 ā‚¬.

Cash and cash equivalents: 888,497

Variable income: 4,473,540 ā‚¬.

Fixed income: 3,134,427 ā‚¬.

Mixed: 1,527,714 ā‚¬.

Raw materials: 468,273 ā‚¬.

Private Equity: 1,441,636 ā‚¬.

Alternative management: 1,037,243 ā‚¬.

Distribution of assets 2022 %
Treasury 888.497 3,62 %
Fixed income3.134.427 12,76 %
Equities4.473.540 18,21 %
Mixed funds 1.527.714 6,22 %
Alternative management1.037.243 4,22 %
Raw materials 468.273 1,90 %
Private equity 1.441.636 5,87 %
Real Estate 11.591.043 47,20 %
Total: 24.562.373 100 %
Profitability analysis
Treasury 0,10 %
Financial assets 5,64 %
Real Estate 5,54 %
Private equity 6,80 %
Overall background performance: -2,92 %

Endowment CARF Foundation
December 31, 2021

In 2021 the endowment 481,500 has been distributed for scholarships, which represents 9 % of the total amount of aid granted by CARF. The objective is to increase this amount by 1 % each year.

Real estate: 11,111,500 ā‚¬.

Treasury: 3,261,096 ā‚¬.

Variable income: 6,027,087 ā‚¬.

Fixed income: 3,024,235 ā‚¬.

Mixed: 1,023,678 ā‚¬ 1,023,678

Raw materials: 444,316 ā‚¬.

Private Equity: 1,321,134 ā‚¬.

Alternative management: 963,633 ā‚¬ 963,633

Distribution of assets 2021 %
Treasury 3.261.096 12,00 %
Fixed income3.024.235 11,13 %
Equities6.027.087 22,18 %
Mixed funds 1.023.678 3,77 %
Alternative management963.633 3,55 %
Raw materials 444.316 1,63 %
Private equity 1.321.134 4,86 %
Real Estate 11.111.500 40,89 %
Total: 27.176.679 100 %
Profitability analysis
Treasury 0,05 %
Financial assets 10,75 %
Real Estate 3,86 %
Overall background performance: 5,86 %

Endowment CARF Foundation
December 31, 2020

In 2020 the endowment 400,000 ā‚¬ has been distributed for scholarships, which represents 9 % of the total amount of aid granted by CARF. The objective is to increase this amount by 1 % each year.

Real estate: 10,891,609 ā‚¬.

Treasury: ā‚¬3,783,261

Variable income: 5,617,437 ā‚¬.

Fixed income: 1,931,115 ā‚¬.

Mixed: ā‚¬ 660,412

Raw materials: 431,445 ā‚¬.

Private Equity: 1,229,962 ā‚¬.

Distribution of assets 2020 %
Treasury 3.783.261 15,38 %
Fixed income1.931.115 7,85 %
Equities5.671.437 23,06 %
Mixed and guaranteed 660.412 2,68 %
Equities5.671.412 23,06 %
Raw materials 431.445 1,75 %
Private equity 1.229.962 4,99 %
Real Estate 10.891.609 44,29 %
Total: 24.599.241 100 %
Profitability analysis
Treasury 0,05 %
Financial assets -2,41 %
Real Estate 4,10 %
Overall background performance: 1,21 %

Endowment CARF Foundation
December 31, 2019

In 2019 the endowment 450,000, 2 % of the total, has been distributed for scholarships. The objective is to increase this amount by 1 % each year.

Real estate: 10.250.000 ā‚¬.

Treasury: ā‚¬3,134,852

Variable income: 4,617,922 ā‚¬.

Fixed income: 1,860,964 ā‚¬.

Mixed: 1,360,415 ā‚¬.

Guaranteed: 2,074,370 ā‚¬.

Raw materials: 376,053 ā‚¬.

Private equity: 700,000 ā‚¬.

Distribution of assets 2019 %
Treasury 3.134.852 12,86 %
Fixed income 1.860.964 7,63 %
Equities 4.617.922 18,95 %
Mixed and guaranteed 1.360.415 5,58 %
Alternative management 2.074.370 8,51 %
Raw materials 376.053 1,54 %
Private equity 700.000 2,87 %
Real Estate 10.250.000 42,05 %
Total: 24.374.576 100 %
Profitability analysis
Treasury 0,05 %
Investment funds 6,17 %
Stock portfolio 5,34 %
Real Estate 4,55 %
Overall background performance: 4,59 %

Endowment CARF Foundation
December 31, 2018

Real estate: 10.250.000 ā‚¬.

Treasury: 5,539,253 ā‚¬.

Fixed income: 1,060,588 ā‚¬.

Variable income: 3,790,808 ā‚¬.

Raw materials: 314,135 ā‚¬.

Alternative management: 383,943 ā‚¬.

Mixed and guaranteed: 1.247.463 ā‚¬

Distribution of assets Amount %
Treasury 5.539.253 24,52 %
Fixed income 1.060.588 4,70 %
Equities 3.790.808 16,78 %
Mixed and guaranteed 1.247.463 5,52 %
Alternative management 383.943 1,70 %
Raw materials 314.135 1,39 %
Real Estate 10.250.000 45,38 %
Total: 22.586.190 100 %
Profitability analysis
Treasury 0,05 %
Investment funds -5,26 %
Stock portfolio -24,21 %
Real Estate 4,52 %
Others 1,15 %
Overall background performance: -2,64 %