Effective implementation of the foundation purpose

The performance of a foundation is based not only on the juridical framework, but also on an effective grant-making management founded on strategy. The foundation’s liquid below-the-line revenue is also decisive for its assets. Leading to a form of Mission-based Investment, these factors contribute to the best-possible fulfilment of the foundation purpose.

In accordance with the transparency imperative, Gebert Rüf Stiftung discloses its finances, details of the grant support provided (foundation output) and its investments (financial input).


Since 2006, the assets of Gebert Rüf Stiftung, totalling approx. CHF 220 million, have been managed in accordance with an investment strategy that is optimized periodically. The foundation invests in passive, index-based products rather than buying or selling individual stocks. These index-based investments are concentrated in large funds in keeping with the asset pooling principle. Thanks to their size, these funds are able to offer correspondingly reasonable costs.

This results in lower fees than with an active investment policy and ensures that the return is close to the market return. For one thing, it is not possible to beat the market in the long run. For another, the costs associated with passive investing are generally lower thanks to simpler portfolio management and participation in pool solutions. Active investment products are employed only if there are no suitable passive products available in a particular investment category.

The foundation purpose of Gebert Rüf Stiftung does not allow for mission-based investment.


Since it was first established, Gebert Rüf Stiftung has awarded a total of around CHF 180 million (financial outflows), of which more than CHF 164.7 million has been invested in direct project support.

Investment Performance in % and Mio. CHF

Net yield
Surplus yield
as at 12/31/16 +3.42 -1.24 13.3 153.0
2nf half 16 +1.01 -0.34  5.5 153.0
1st half 16 +2.38 -0.89 7.8 158.1
as at 12/31/15 -0.12 -1.04 14.3 158.9
as at 12/31/14 +4.43 +0.03 12.8 175.3
Comparison value as at 12/31/2005

  • Expected long-term portfolio yield according to investment strategy: 2.8 % p. a.


The board of trustees is responsible for managing the foundation’s assets. It has set up a finance committee to perform this task. The investment organization is based on the principle of «checks and balances»; all conflicts of interest are avoided by following a clearly structured valued added process.
Investment Strategy & Asset Pooling: avoidance of conflicts of interest

Pooling of the foundation's assets

Gebert Rüf Stiftung had been interested in pursuing the pooling of assets for a long time. Since the beginning of 2010, it has been able to realize this idea with a strategic partner, while maintaining complete independence. All the «pooled» services, i. e. those not required individually for each foundation, can be purchased at prices applicable to a portfolio equivalent to the size of the entire pool.

On the one hand, this has made it possible to further reduce portfolio management costs. On the other hand, smaller grant-making foundations will henceforth have the opportunity to invest their assets at much lower portfolio management costs than under an individual arrangement.