2010 Financials
As of 31 December 2010, our net assets were approximately $2.0 billion, which is net of approximately $705 million already committed to grantees. Atlantic’s endowment consists of a diversified portfolio of absolute return strategies, private equity investments and cash. The total fund portfolio had a 9.1 per cent return against a benchmark of 7.8 per cent. We also own interests in hotels, resorts, and retailers through General Atlantic Group Limited (GAGL), a subsidiary. These businesses account for approximately 7.9 per cent of our net assets.*
Our 2010 Financial Highlights (PDF) present the combined financial results of the eight charities and eight service companies that comprise The Atlantic Philanthropies. All are united by shared charitable objectives and overlapping management. The combined results also include the subsidiaries that hold the charities’ investments and, through General Atlantic Group Limited, a number of operating businesses. These highlights have been extracted from our Combined Financial Statements to provide a convenient and concise overview of our financial position and operating results.
- Download Atlantic's combined financial statements for 2010 and 2009 (PDF).
- Download previous years' combined financial statements (PDF):
* For accounting purposes, certain operating entities under United States generally accepted accounting principles (GAAP) must be recorded at cost. Atlantic, for investment purposes, re-values these entities at market value through an on-going monitoring process of its endowment assets. GAGL represented 7.9% of the endowment assets at year end.
