In 2022, we further advanced our socially responsible investment strategy launched in the previous year. We are committed to investing and growing our assets in pursuit of justice for people and planet. Our objective is to yield social and environmental progress without compromising financial returns. Read below for more on our approach to investing as well as detailed financials from 2022 or see the year’s summary financials here.

INVESTING: Balancing social responsibility and stable returns

RockCreek (Canada) Advisor, Inc., acts as our outsourced chief investment officer, with the mandate to meet both our return objectives and socially responsible investment goals. Monitored by our investment committee, RockCreek considers factors such as environmental, social & governance (ESG) criteria, equity, diversity and inclusion standards, human rights practices as well as active ownership, impact investing and climate risk management at the time of an investment across the portfolio. 

We prioritize stable investment returns over the long run, while maintaining the value of capital within acceptable risk parameters. This approach generates returns that enable fundholder grants and also cover administrative and philanthropic fees. 


  • Guided by our investment policy, we target an absolute real net return (after inflation and investment management fees) of an average of 4.5% per annum over a five-year period to cover granting and expenses. 
  • By 2031 we’re aiming to have 70% of the main pool portfolio in socially responsible investments, using a combination of intentional ESG investments and mission-aligned impact investments. 
  • As of the end of 2022, 23% of our Main Pool was invested in socially responsible investment products and 51% of the portfolio was invested with fund managers that are signatories of the United Nations’ Principles for Responsible Investment or have environmental, social & governance (ESG) policies. 

Read more on our financial outlook from our outsourced chief investment officer, Rock Creek, here.


Expand each of the sections below for a report back on the 2022 fiscal year. 



Read the latest news, stories and insights on the city's needs and opportunities; organizations working on solutions; and how to get involved with your philanthropy.