Endowment & Foundation 2020 annual survey

January 2021

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.