July 2019
Dear Fundholder,
As we launch our new fiscal year, we thank you for your continuing partnership in our work to build opportunity for all people in Delaware.
We are grateful for the strong response to our recent donor perception survey managed by the Center for Effective Philanthropy. The survey results will be in next month, and we look forward to using the information to increase our ability to serve you and the community.
Enclosed is/are your fund statement(s)* for the period ending June 30, 2019 (Q4 FY19). Statements include each fund’s relevant investment pool performance. Each pool’s full dashboard, along with SEI’s Quarterly Review, is at delcf.org/investments. As a reminder, you may check your fund’s activity 24/7 by logging on to DonorCentral®.
While the market continues to be a roller coaster, DCF portfolios remain on track with our long-view strategy – to preserve capital while maximizing growth and minimizing volatility. Because we steward a permanent source of resources for Delaware, DCF portfolios’ performance does not parallel the performance of individuals’ portfolios or benchmarks such as the S&P 500, which may have shorter time frames and are subject to much more dramatic highs and lows. History shows that the DCF’s investment strategy is highly effective for long-term growth.
As you know, the funds managed by the DCF also enable us to provide leadership on important community issues. In the coming weeks, we will launch the second year of our Building Opportunity in Delaware initiative. This year’s keynote lecture will be given on Nov. 6 by husband-and-wife journalists and authors James and Deborah Fallows. Their book, Our Towns, will be the subject of our 2019 Book Circles. For more information about the keynote, Book Circles and other Building Opportunity activities, visit delcf.org/building-opportunity.
Should you have any questions about your statement, please contact Marie Stewart, donor services manager, at 302.504.5230.
With best regards and thanks for all you do,
Stuart Comstock-Gay
President & CEO
*Please consider “going green” by viewing statements online only.