Fiscal Year 2025

Lighting the path
to lasting change.

FISCAL YEAR 2025

In 2025, LIGHT took decisive steps forward — growing our portfolio, forging meaningful partnerships, and delivering on our promise to be faithful stewards of every dollar entrusted to us.

2Charities Partnered

2Locations Served

2Years of Service

Download 2025 Annual Report

Investment Report · FY 2025

Portfolio Performance

UBS Business Service Account · As of December 31, 2025

Actively managed by the members of LIGHT — every position hand-picked, every decision deliberate

Year-to-Date Return

+0%

Net time-weighted ROR · FY 2025

Since Inception Return

+0%

Annualized · Dec 2024 – Dec 2025

Unrealized Gain on Cost

+0%

Appreciation vs. cost basis

👑

LIGHT Portfolio

+25.46%

FY 2025 · Net time-weighted return

S&P 500 Index

+23.31%

FY 2025 · Total return incl. dividends

NASDAQ-100

+24.88%

FY 2025 · Price return

Alpha vs. S&P 500

+2.15%

Excess return over benchmark

Equity Concentration

96.1%

Equities vs. 3.9% cash

Negative Quarters · Life of Fund

LIGHT

1 / 4

S&P 500

2 / 4

Dec 2024 – Dec 2025 · fewer down quarters than the index

Portfolio Growth

Indexed · Dec 2024 – Dec 2025 (base = 100)

Asset Allocation

Portfolio composition by asset class

Equities 96.1%

Cash 3.9%

Upside / Downside Capture

FY 2025 · Relative to S&P 500 benchmark

Upside Capture Ratio

When the S&P 500 rises, LIGHT captures 109.3% of that gain

LIGHT+9.3% more than benchmark

Downside Capture Ratio

When the S&P 500 falls, LIGHT captures only 93.7% of that loss

LIGHT−6.3% less pain than benchmark

A capture ratio above 100% on the upside and below 100% on the downside is the hallmark of a skilled active manager — LIGHT achieves both.

Capture Spread

+15.6pts

Our Investment Process

Every Stock Earns Its Place

No stock enters the LIGHT portfolio without a full member presentation and vote. Every position was championed by a member who stood up, made their case, and earned the trust of the group. This is investing the way it should be: accountable, intentional, and personal.

Research

A member identifies a company they believe in and conducts independent research on fundamentals, growth story, and mission alignment.

Presentation

They stand before the full group and make their case — walking through the thesis, the risks, and why this company belongs in our portfolio.

Group Vote

The group deliberates, asks hard questions, and votes. A stock only enters if it earns the collective conviction of the entire team.

Active Watch

Once in, every position is actively monitored. Members track their stocks and bring updates — the portfolio evolves as the market does.

LIGHT

Get Involved

Ready to invest in
something that matters?

LIGHT remains committed to stewarding every resource with wisdom, integrity, and purpose. Whether you want to give, partner, or simply learn more — we’d be honored to connect with you.

Get Involved

Email Us At

lightcharity.org

Instagram

@light.charity

Lighting the pathto lasting change.

Portfolio Performance

Every Stock Earns Its Place

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Lighting the path
to lasting change.

Ready to invest in
something that matters?