The Pittsburgh Foundation

Strategies

Charts above show the comparison of The Pittsburgh Foundation's investment strategies across allocations and risk exposure.
Charts above show the comparison of The Pittsburgh Foundation's investment strategies across allocations and risk exposure.

The Legacy Fund Family of investment options are a group of portfolios designed to meet the objectives of our donor’s philanthropic intent.  These strategies range from our flagship fund, the Legacy Perpetual Fund, designed for the long-term nature of most of our charitable funds, to the Legacy Grantmaking Fund, a short-term cash management strategy that preserves funds that are slated for grantmaking in the upcoming year.

  • LEGACY PERPETUAL FUND
    Legacy Perpetual Fund is the flagship fund of The Pittsburgh Foundation, this is a perpetual investment strategy designed for long-term capital appreciation. As the namesake fund of the Legacy Funds, it is intended for assets that are permanently invested, versus the other funds in the family that have more liquidity and shorter time horizons. The objective of the Legacy Perpetual Fund is to generate returns that will sustain the 5% spending policy of the charitable funds that comprise it, adjusted for inflation. The Legacy Perpetual Fund is a diverse portfolio that consists of several asset classes and styles within five broad categories that include equity, diversifying strategies, real assets, fixed income and cash. Within these broad categories we also include private asset and hedge fund strategies.

    Estimated investment management fees:  21 basis points

  • LEGACY INDEX FUND
    Legacy Index Fund is a perpetual investment strategy designed for long term capital appreciation using a passive index approach.  This fund consists of Vanguard index mutual funds allocated to mirror the overall allocation of the Legacy Perpetual Fund, but without the Private Equity and Hedge Fund investments, resulting in a more liquid and lower cost portfolio.

    Estimated investment management fees:  14 basis points
     
  • LEGACY INDEX - ALL EQUITY FUND
    Legacy Index – All Equity Fund  is a perpetual investment strategy designed for long term capital appreciation using a passive index approach that consists of only the equity portion of the Legacy Index Fund mentioned above, excluding Fixed Income investments. 

    Estimated investment management fees:  14 basis points
     
  • LEGACY INTERMEDIATE FUND
    Legacy Intermediate Fund is an intermediate investment strategy designed for capital preservation for donors who wish to distribute the entirety of their fund over the next three to seven years.  This fund is a more conservative approach with a high-allocation-to-fixed-income investments.

    Estimated investment management fees:  14 basis points
     
  • LEGACY GRANTMAKING FUND
    Legacy Grantmaking Fund is a short-term cash management investment strategy designed to protect principal.  This fund contains high-quality, short-term bonds for donor funds that are intended to be granted over the next one to three years.

    Estimated investment management fees:  14 basis points

Learn more.

Let our knowledgeable donor services staff guide you through our investment strategies. Call our office at 412-394-2630, or contact us via email: 
development [at] pghfdn.org (email us)