The foundation > Finances

FINANCES

The performance of a foundation depends not only on strategy-based, results-oriented funding management, but also on the net income available from the foundation assets. This relies on the quality and progress of the investments. Gebert Rüf Stiftung discloses its finances in compliance with the requirement for transparency.

Investment Strategy

The foundation assets of Gebert Rüf Stiftung are managed in accordance with a regularly optimized investment strategy based on a constant outflow of around CHF 15 million per year and a long-term target return of 3 % p.a.

Using the principle of asset pooling, investments are made in passive, index-based funds which can charge lower fees because of their size. Compared with active management, this leads to lower fees and ensures that the return achieved is close to the market return. Active investments are used only if no suitable passive products are available in a particular investment category. An exception to this is the share portfolio at a separate custodian bank, which was obtained thanks to an endowment as well as the misson-based investment with the kickfund.

Performance

Foundation assets as at 31.12.2024 amounted to CHF 65.8 million, incl. donation Dr. Ursula Brunner. The assets are divided into the following investment categories: 42.9 % bonds, 46.1 % equities, 11 % private equity.

The return of the Gebert Rüf Stiftung portfolio is measured against that of a reference portfolio. The difference is known as the surplus yield. This may be positive or negative. The distributions are the grants disbursed in the current year.

The net return shown in the table below relates to the fund investment excluding private equity.

Period

Net yield

Surplus yield

Distributions

Assets in CHF mio.
As at 31.12.2024 +8.3   0 12.2   65.8
As at 31.12.2023 +8.4 +0.1 12.7   74.0
As at 31.12.2022 -15.7 -0.2 12.4   81.5
Comparison value as at 31.12.2005

224.2


Costs

The annual portfolio costs incurred by Gebert Rüf Stiftung, including controlling and monitoring, currently amount to around 0.4 % of the foundation's assets per year.

Cost factors in CHF

2024

Asset management and administration fees (including VAT)

 298'900
Investment controlling: annual flat-rate (including VAT)

16'215
Total costs in CHF 315'115
Total costs in % of foundation assets p.a. 0.4

 

Disbursal

Since it was first established, Gebert Rüf Stiftung has awarded a total of CHF 308 mio., of which CHF 282 mio. has been invested in direct project support. The grant volumes (supported projects) for the past three years were as follows:

Year Funding in CHF mio.
2024 11.1
2023 12.1
2022 11.3

 

Partners

The board of trustees is responsible for the management of the foundation’s assets. It has set up a finance committee to undertake this task. Investment is organized according to the principle of checks and balances; conflicts of interest are avoided by means of a clearly structured  value creation process. Gebert Rüf Stiftung is supported by the following partners in the area of finances:

  • Investment concept: ECOFIN Portfolio Solutions AG, Zurich
  • Fund management: UBS Asset Management Switzerland AG, Zurich
  • Custodian banks: UBS Schweiz AG, Zurich; Rahn+Bodmer Co., Zurich
  • Direct investment: Margebli JSC, Georgia (Private Equity)
  • Investment controlling: ECOFIN Investment Consulting AG, Zurich
  • Accounting: Bourcart Treuhand AG, Basel
  • Auditors: Copartner Revision AG, Basel
  • Supervisory authority: Swiss Federal Supervisory Board for Foundations, Berne