In late December 2020, Meketa Investment Group surveyed a group of endowments and foundations to understand what changes were made during 2020, with a particular focus on what impact COVID-19 had on operations and investment decision making.
Respondents came from institutions representing a broad range of investable assets (approximately $30million on the low end to $7 billion on the high end).
Unsurprisingly, most institutions received less in donations as a result of COVID–19.
Most institutions do not expect to make any changes in annual spending rate.
The vast majority of investment staff was still working from home at the end of 2020.
Most respondents made no changes or only slight changes (rebalancing, opportunistic investments, de-risking) to their investment portfolio during 2020.
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