SECTOR FOCUS - ENDOWMENTS AND FOUNDATIONS
Your portfolio spans public & private markets.
Your reporting should too.
If you are an endowment or foundation investment office that manages complex portfolios, you need the whole picture, not just part of it. You need a transparent and auditable view from the top to the bottom and across all asset classes.
FRG delivers exactly that: a digital team that keeps pace with your portfolios, board meeting after board meeting.
The territory
Complexity comes with the territory. Confusion shouldn't.
Most endowment and foundation portfolios are too complex to fit into standard reporting templates. And even if they could, it wouldn’t help unless your custodian can deliver the numbers in time and with full transparency. Your lean investment team needs current, clear, defensible performance data for the board.
Transparency
You need to see exactly how every performance and risk number is calculated, so you can stand behind it with confidence when your board and auditors ask.
Our approach: Our digital teams run on a vast knowledge base and are directed by complete and detailed risk blueprints. Every calculation is fully traceable, and nothing is a black box.
Timeliness
You need performance data ready before your investment committee's meeting cycle, not weeks after the fact. A slow reporting process delays decisions your fiduciaries are accountable for.
Our approach: The digital team will have your metrics finalized when you want them, which is typically way sooner than your custodian can deliver them.
Flexibility
Your portfolio structure is unique to your organization, and a rigid, one-size-fits-all system won't reflect how your committee actually evaluates performance.
Our approach: A digital team knows your fund hierarchy, your calculation methodologies, your roll-up levels, and custom benchmarks, and has your portfolio at the center, not a template.
Scalability
You need a solution that keeps pace as your portfolio grows more complex, without requiring you to grow headcount just to keep up with reporting.
Our approach: A digital team, hosted by us or you, handles data integration and calculations and gives your team full control with support as needed.
digital teams
Risk Blueprints for Endowments and Foundations
Every risk process our digital teams run starts with a Risk Blueprints are the instructions for the tasks and the order in which the digital teams must do them to complete end-to-end risk processes..
Our digital teams already have blueprints for the following essential risk processes:
- Reporting Performance. Clear, board-ready performance reporting, from snapshot summaries to scheduled PDFs for every committee meeting
- Tracking Portfolio Returns. Transparent realized return and risk calculations across your full investment hierarchy
- Conducting Attribution Analysis. Pinpoint what's driving performance across managers, strategies, and allocations
- Managing Hierarchies. Custom structures and calculation methodologies built around how your investment committee views the portfolio
under the hood
VOR Risk Intelligence Suite
Our digital teams and Risk Blueprints work on whatever platform your institution runs today. They also integrate with FRG’s VOR Risk Intelligence Suite, which gives your team a single, transparent view into performance across every manager, strategy, and asset class in your portfolio. VOR Performance and VOR Reporting work together to turn raw position data into the defensible, board-ready reporting your fiduciaries expect.
Investment Committee Reporting
VOR Reporting
Delivers board-ready performance reporting, from snapshot summaries to scheduled PDF packages, built for your committee's meeting cadence. Rather than assembling reports manually ahead of every meeting, your team gets consistent, on-demand output your trustees can review with confidence.
Realized Performance & Risk
VOR Performance - Returns
Calculates realized return and risk across your full investment hierarchy using a transparent, rules-based methodology. Every metric traces back to a documented calculation, so nothing is a black box when your audit committee asks how a number was derived. This matters most for portfolios spanning public and private allocations, where custodian reporting often falls short.
Performance attribution
VOR Performance - Attribution
Breaks down what's driving portfolio performance, separating allocation effect from manager effect, on both an absolute and relative basis. Instead of a single blended return number, your investment committee can see exactly which managers and strategies contributed to results. That level of detail is essential when justifying manager retention or allocation changes to a board.
Portfolio Structure & Governance
VOR Performance - Hierarchy
Lets you define your own fund hierarchy, calculation methodology, roll-up levels, and benchmarks, rather than forcing your portfolio into a standardized template. The structure reflects how your investment committee actually evaluates the fund, whether by asset class, manager, or custom composite. For institutions with layered governance and multiple internal stakeholders, this alignment matters as much as the numbers themselves.
FAQ
Frequently Asked Questions
Why deploy digital teams instead of relying on our custodian?
Digital teams are not restricted by location or time zone. They can work at any time and get started as soon as your data lands. The risk blueprints the digital teams follow are rules-based and defined to your specifications. Their work is fully transparent, auditable, and typically done and approved by you in days after accounting close.
On the other hand, custodian performance services are often costly, slow, and short on transparency into methodology—clients report waiting 4–6 weeks after close for an accurate final number
Do we have to run the digital teams ourselves?
No. FRG can host and manage the digital teams for you, so your staff get the output without the operational overhead. If you'd rather run them in-house, we can set that up instead.
Can the digital teams handle our complex portfolio?
Yes. The digital teams come with a knowledge base that is built for exactly this kind of complexity. They can span public and private allocations, multiple managers, and varied strategies, and analyze attribution so it shows the allocation and manager effect behind every return rather than a single blended number.
How is our data protected?
Your data is hosted in a virtual private cloud and protected by two-factor authentication and ISO 27001 certification, so your organization's investment data stays secure throughout the processing.