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Jon Sims Endowment Fund Posts Strong 2013 Results

posted Jan 15, 2014, 12:32 PM by Doug L   [ updated Jan 15, 2014, 3:25 PM ]
Year-end financial statements for 2013 show that the year was a strong one for the JSEF and its investment accounts.

As of December 31, 2013, all JSEF accounts totaled $377,473. This is record high amount and is 21.3% ahead of the total of one year earlier ($311,073). Although there were some additional contributions of endowed funds during 2013, and several exciting grants were funded, most of this growth was due to earned investment income. Even more impressive is the chart below which shows that total fund balances have more than doubled over the past five years. The exact percentage increase over the five year period is 122%. Very impressive.

JSEF - 5 year growth of all funds 2009 - 2013



For the individual organizations who have endowed funds with JSEF, the results are also impressive. Since the end of 2011, the San Francisco Lesbian/Gay Freedom Band has seen its endowed funds grow by 31%. Similarly, the Lesbian and Gay Band Association has seen its funds grow by 37% over the same period. Contributing to these growth rates is the very high level of reinvestment of earned income by these two organizations.

For the Desert Winds Freedom Band of Palm Springs, CA, a relatively new contributor of endowed funds, their balances increased by slightly more than 50% in the most recent two-year period. While there were a few additional contributions of funds, most of this again represents investment growth.

JSEF President Loren McGlade had this to say about the successes of 2013, "This type of performance by the Fund should cause all LGBA and other non-profit arts organizations to give serious consideration to setting up an account with endowed funds for the JSEF to manage. Whether your organization is a new one or an established one, make a New Year's resolution to take tangible action and preserve your long-term future organization."





Note: All investors should consult a qualified professional before trading in any security. Investment techniques involve risk and are not suitable for all investors. Past performance does not guarantee future results. Therefore, no current or prospective investor should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended and/or purchased by JSEF), will be profitable or equal to historical performance levels.


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