San Francisco Opera

San Francisco Opera manages an endowment fund based in San Francisco, California. Established in 1923, the endowment provides a steady source of funding to meet opera's mission of presenting performances of the highest international quality and making them available to the widest possible audiences. Endowment funds ensure San Francisco Opera's ability to continue to showcase the world's leading artists, train the stars of tomorrow, present premieres and new productions and build new audiences for this thrilling art form. San Francisco Opera's endowment consists of two funds. Both contain assets that are held long term and invested to generate income and capital appreciation for San Francisco Opera's benefit. They are the New Century Fund, comprising unrestricted gifts that are treated as an endowment by the Board of Directors policy and the Restricted Fund, comprising gifts that have been expressly restricted as to time and purpose by the donor. The assets of the endowment fund are managed by the board of trustees.San Francisco Opera Endowment's investment portfolio is valued at $215.28 million, with investments in domestic and international equity, private equity, real estate, hedge funds, and cash.