July 2020
Dear Fundholder,
First and foremost, I hope you and yours are healthy and safe. Thanks to you and many other partners, the DCF team has been helping address our communities’ needs throughout the state.
Quarterly Statements & Market Activity
Because we are working remotely, we are providing only online access to fund statements for the quarter ending June 30, 2020, in lieu of printing and mailing statements. Review fund activity 24/7 by logging on to DonorCentral® at edonorcentral.com/login_0196.asp. If you need assistance logging in or have other questions, contact Kelly Sheridan at ksheridan@delcf.org or 302.856.4393.
Statements include each fund’s relevant investment pool performance. Each pool’s full dashboard, along with SEI’s Quarterly Review, is available at delcf.org/investments.
As you know, the market has rebounded significantly during the past quarter, and the performance of the DCF’s portfolios has demonstrated the effectiveness of our investment strategy, which is designed to maximize growth while preserving capital and minimizing volatility. We anticipate continuing market fluctuations in the months to come, and we are confident that our strategy will continue to prove effective in meeting our goal of maintaining steady growth with tempered peaks and valleys.
Responding to the Pandemic
As we shared in our April letter, the DCF has been deeply engaged in helping the community use philanthropic resources effectively to respond to the pandemic. Since the March 18 launch of the Delaware COVID-19 Strategic Response Fund, we have awarded nearly $3 million in grants to nonprofits directly serving those hardest hit by the pandemic – providing food, housing, medical care and other essential services.
To read about this work, see our Impact Report or check out our latest episodes of our Building Opportunity podcast, featuring conversations with grantees about how they are responding to the crisis.
Our Work Continues
While the pandemic is consuming much of our attention, we also are continuing to engage the community in a variety of ways. Last month, we were proud to award $306,800 in scholarships to help young Delawareans pursue their academic goals. We also were thrilled to partner with the Arsht-Cannon Fund to award $582,248 in grants addressing the needs of Delaware’s Latinx communities.
And now, we’re gearing up for our fall Building Opportunity activities, which will feature Wes Moore, bestselling author and CEO of Robin Hood, one of the largest anti-poverty forces in the nation. While we are reimagining how we will present these opportunities safely, we are committed to providing forums for important conversations about opportunity in Delaware. Stay tuned for more information about how you can participate.
With best regards and thanks for all you do,
Stuart Comstock-Gay
President & CEO
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