0001206774-13-000933.txt : 20130306 0001206774-13-000933.hdr.sgml : 20130306 20130306095841 ACCESSION NUMBER: 0001206774-13-000933 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20130306 DATE AS OF CHANGE: 20130306 EFFECTIVENESS DATE: 20130306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DELAWARE GROUP FOUNDATION FUNDS CENTRAL INDEX KEY: 0001048133 IRS NUMBER: 232943633 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-38801 FILM NUMBER: 13668397 BUSINESS ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET ST CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 18005231918 MAIL ADDRESS: STREET 1: ONE COMMERCE SQUARE STREET 2: 2005 MARKET ST CITY: PHILADELPHIA STATE: PA ZIP: 19103

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0001048133 S000004198 DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND

C000011812 CLASS B DFIDX

C000011813 CLASS C DFICX

C000011814 INSTITUTIONAL CLASS DFIIX

C000011815 CLASS A DFIAX

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497 1 degrpfoundation_497.htm DEFINITIVE MATERIALS

Stradley Ronon Stevens & Young, LLP
2600 One Commerce Square
Philadelphia, PA 19103
Telephone: (215) 564-8099
Facsimile: (215) 564-8120

March 6, 2013

VIA EDGAR

U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn: Filing Desk

	Re:		Delaware Group Foundation Funds (the “Registrant”)
			SEC File Nos. 333-38801 and 811-08457
			Rule 497(e) filing

Ladies and Gentlemen:

Enclosed for filing pursuant to Rule 497(e) under the Securities Act of 1933, as amended, (the “1933 Act”) are exhibits containing interactive data format risk/return summary information that reflect a supplement to the risk/return summary information contained in the prospectus dated January 28, 2013, for Delaware Foundation^® Growth Allocation Fund, Delaware Foundation^® Moderate Allocation Fund and Delaware Foundation^® Conservative Allocation Fund, series of the Registrant, as filed pursuant to Rule 497(e) under the 1933 Act on February 14, 2013 (Accession Number: 0001496688-13-000023).

Please direct questions or comments relating to this filing to me at the above-referenced telephone number.

Very truly yours,

/s/ Jonathan M. Kopcsik
Jonathan M. Kopcsik

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font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: bold; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: inline; font-size: 9px; vertical-align: text-top;">®</font> Growth Allocation Fund</font></b></div> <div><b><font size="2" style="font-family:times new roman,times">Delaware Foundation<font style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: bold; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: inline; font-size: 9px; vertical-align: text-top;">®</font> Moderate Allocation Fund</font></b></div> <div><b><font size="2" style="font-family:times new roman,times">Delaware Foundation<font style="color: #000000; font-family: 'times new roman'; font-style: normal; font-variant: normal; font-weight: bold; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: inline; font-size: 9px; vertical-align: text-top;">®</font> Conservative Allocation Fund</font></b></div> <div><b><font size="2" style="font-family:times new roman,times">How has Delaware Foundation Growth Allocation Fund performed?</font></b></div> <div><b><font size="2" style="font-family:times new roman,times">How has Delaware Foundation Moderate Allocation Fund performed?</font></b></div> <div><b><font size="2" style="font-family:times new roman,times">How has Delaware Foundation Conservative Allocation Fund performed?</font></b></div> <div><b><font size="2" style="font-family:times new roman,times">Average annual total returns for periods ended December 31, 2012 </font></b></div> <div><b><font size="2" style="font-family:times new roman,times">Average annual total returns for periods ended December 31, 2012 </font></b></div> <div><b><font size="2" style="font-family:times new roman,times">Average annual total returns for periods ended December 31, 2012 </font></b></div> <div style='display: none;'> ~ http://www.delawareinvestments.com/role/AverageAnnualTotalReturnsTransposed column dei_LegalEntityAxis compact cik0001048133_S000004197Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ </div> <div style='display: none;'> ~ http://www.delawareinvestments.com/role/AverageAnnualTotalReturnsTransposed column dei_LegalEntityAxis compact cik0001048133_S000004196Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ </div> <div style='display: none;'> ~ http://www.delawareinvestments.com/role/AverageAnnualTotalReturnsTransposed column dei_LegalEntityAxis compact cik0001048133_S000004198Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ </div> <div><font size="2" style="font-family:times new roman,times">After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> <div><font size="2" style="font-family:times new roman,times">After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> <div><font size="2" style="font-family:times new roman,times">After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> 0.0614 0.0588 0.0435 0.0859 0.1077 0.1224 0.1277 0.1600 0.0491 0.0454 0.0341 0.0648 0.0954 0.1115 0.1167 0.1600 0.0422 0.0330 0.0255 0.0233 0.0548 0.0773 0.0929 0.0971 0.0422 0.0089 0.0039 0.0059 0.0124 0.0134 0.0185 0.0235 0.0166 0.0298 0.0244 0.0229 0.0299 0.0341 0.0391 0.0443 0.0166 0.0595 0.0445 0.0334 0.0322 0.0501 0.0492 0.0543 0.0595 0.0595 0.0663 0.0608 0.0567 0.0661 0.0645 0.0752 0.0710 0.0664 0.0611 0.0559 0.0661 0.0645 0.0753 0.0710 0.0518 0.0625 0.0525 0.0491 0.0631 0.0607 0.0714 0.0518 0.0613 0.0619 0.0603 2003-06-02 2003-06-02 2003-06-02 Other 2013-02-14 DELAWARE GROUP FOUNDATION FUNDS 0001048133 2013-02-14 2013-02-14 2013-01-28 <div><font size="2" style="font-family:times new roman,times"><b>Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.</b></font></div> <div><font size="2" style="font-family:times new roman,times"><b>Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.</b></font></div> <div><font size="2" style="font-family:times new roman,times"><b>Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.</b></font></div> <div><font size="2" style="font-family:times new roman,times">reflects no deduction for fees, expenses, or taxes</font></div> <div><font size="2" style="font-family:times new roman,times">reflects no deduction for fees, expenses, or taxes</font></div> <div><font size="2" style="font-family:times new roman,times">reflects no deduction for fees, expenses, or taxes</font></div> <div><font size="2" style="font-family:times new roman,times">The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> <div><font size="2" style="font-family:times new roman,times">The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> <div><font size="2" style="font-family:times new roman,times">The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> <div><font size="2" style="font-family:times new roman,times">After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs).</font></div> <div><font size="2" style="font-family:times new roman,times">After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs).</font></div> <div><font style="font-family: times new roman,times;" size="2">After-tax performance is presented only for Class A shares of the Fund.</font></div> <div><font style="font-family: times new roman,times;" size="2">After-tax performance is presented only for Class A shares of the Fund.</font></div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">DELAWARE GROUP<font style="display: inline; font-size: 9px; vertical-align: text-top;">®</font> FOUNDATION FUNDS</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Delaware Foundation<font style="display: inline; font-size: 9px; vertical-align: text-top;">®</font> Growth Allocation Fund</font></div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><strong><font size="2"></font></strong> </div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Supplement to the Funds’ Statutory Prospectus</font></div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">dated January 28, 2013</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt;">The following replaces the average annual total return table related to the Fund in the section entitled, “How has Delaware Foundation Growth Allocation Fund performed?” on page 9.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Average annual total returns for periods ended December 31, 2012</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff;"> <table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td valign="bottom" width="46%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;"> </font></td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">1 year</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">5 years</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">10 years or lifetime</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class A return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.14%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">0.89%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.63%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class A return after taxes on distributions</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">5.88%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">0.39%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.08%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class A return after taxes on distributions and sale of Fund shares</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">4.35%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">0.59%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">5.67%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class B return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">8.59%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">1.24%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.61%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class C return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">10.77%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">1.34%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.45%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class R return before taxes (lifetime:</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6/2/03-12/31/12)</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">12.24%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">1.85%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.13%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Institutional Class return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">12.77%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">2.35%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">7.52%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">S&P 500<font style="display: inline; font-size: 9px; vertical-align: text-top;">®</font> Index (reflects no deduction for fees, expenses, or taxes)</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">16.00%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">1.66%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">7.10%</font></div> </td> </tr> </table> </div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">*  Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"><br /><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Please keep this Supplement for future reference.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">This Supplement is dated February 14, 2013.</font></div> <div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">DELAWARE GROUP<font style="font-size: 70%; vertical-align: text-top; display: inline;">®</font> FOUNDATION FUNDS</font></div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Delaware Foundation<font style="font-size: 70%; vertical-align: text-top; display: inline;">®</font> Moderate Allocation Fund</font></div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Supplement to the Funds’ Statutory Prospectus</font></div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">dated January 28, 2013</font></div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; display: inline;">The following replaces the average annual total return table related to the Fund in the section entitled, “How has Delaware Foundation Moderate Allocation Fund performed?” on page 14.</font></div> <div style="text-indent: 0pt; display: block;"> </div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Average annual total returns for periods ended December 31, 2012</font></div> <div style="text-indent: 0pt; display: block;"> </div> <div> <table style="width: 100%; font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td valign="bottom" width="46%"><font style="font-family: times new roman; font-size: 10pt; display: inline;"> </font></td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">1 year</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">5 years</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">10 years or lifetime</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Class A return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">4.91%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">2.98%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">6.64%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Class A return after taxes on distributions</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">4.54%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">2.44%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">6.11%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Class A return after taxes on distributions and sale of Fund shares</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">3.41%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">2.29%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">5.59%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Class B return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">6.48%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">2.99%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">6.61%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Class C return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">9.54%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">3.41%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">6.45%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Class R return before taxes (lifetime:</font></div> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">6/2/03-12/31/12)</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">11.15%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">3.91%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">6.19%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Institutional Class return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">11.67%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">4.43%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">7.53%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">S&P 500 Index (reflects no deduction for fees, expenses, or taxes)</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">16.00%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">1.66%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">7.10%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">4.22%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">5.95%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">5.18%</font></div> </td> </tr> </table> </div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; display: inline;">After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> <div style="text-indent: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;"></font> </div> <div style="text-indent: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.</font></div> <div style="text-indent: 0pt; display: block;"> </div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; font-weight: bold; display: inline;"></font> </div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-style: italic; font-weight: bold; display: inline;">Please keep this Supplement for future reference.</font></div> <div align="center" style="text-indent: 0pt; margin-right: 0pt; margin-left: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block;"> </div> <div style="text-indent: 0pt; display: block;"><font style="font-family: times new roman; font-size: 10pt; font-weight: bold; display: inline;">This Supplement is dated February 14, 2013.</font></div> </div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">DELAWARE GROUP<font style="display: inline; font-size: 9px; vertical-align: text-top;">®</font> FOUNDATION FUNDS</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Delaware Foundation<font style="display: inline; font-size: 9px; vertical-align: text-top;">®</font> Conservative Allocation Fund</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Supplement to the Funds’ Statutory Prospectus</font></div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">dated January 28, 2013</font></div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;"></font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt;">The following replaces the average annual total return table related to the Fund in the section entitled, “How has Delaware Foundation Conservative Allocation Fund performed?” on page 19.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Average annual total returns for periods ended December 31, 2012</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff;"> <table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;" cellspacing="0" cellpadding="0"> <tr> <td valign="bottom" width="46%"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;"> </font></td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">1 year</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">5 years</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">10 years or lifetime</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class A return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">3.30%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">4.45%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.25%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class A return after taxes on distributions</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">2.55%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">3.34%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">5.25%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class A return after taxes on distributions and sale of Fund shares</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">2.33%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">3.22%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">4.91%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class B return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">5.48%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">5.01%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.31%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class C return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">7.73%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">4.92%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.07%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Class R return before taxes (lifetime:</font></div> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6/2/03-12/31/12)</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">9.29%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">5.43%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">6.03%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Institutional Class return before taxes</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">9.71%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">5.95%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">7.14%</font></div> </td> </tr> <tr> <td align="left" valign="bottom" width="46%"> <div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">4.22%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">5.95%</font></div> </td> <td align="right" valign="bottom" width="10%"> <div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">5.18%</font></div> </td> </tr> </table> </div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">*  Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"><br /> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"><br /> </div> <div align="center" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Please keep this Supplement for future reference.</font></div> <div style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: start; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0pt; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; background-color: #ffffff; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">This Supplement is dated February 14, 2013.</font></div> false (lifetime:6/2/03-12/31/12) <div><font size="2" style="font-family:times new roman,times">* Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.</font></div> <div><font size="2" style="font-family:times new roman,times">* Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.</font></div> <div><font style="font-family: times new roman,times;" size="2">After-tax performance is presented only for Class A shares of the 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Label Element Value

Risk/Return: rr_RiskReturnAbstract

Document Type dei_DocumentType Other

Document Period End Date dei_DocumentPeriodEndDate Feb. 14, 2013

Registrant Name dei_EntityRegistrantName DELAWARE GROUP FOUNDATION FUNDS

Central Index Key dei_EntityCentralIndexKey 0001048133

Amendment Flag dei_AmendmentFlag false

Document Creation Date dei_DocumentCreationDate Feb. 14, 2013

Document Effective Date dei_DocumentEffectiveDate Feb. 14, 2013

Prospectus Date rr_ProspectusDate Jan. 28, 2013

DELAWARE FOUNDATION GROWTH ALLOCATION FUND

Risk/Return: rr_RiskReturnAbstract

Risk/Return [Heading] rr_RiskReturnHeading
Delaware Foundation® Growth Allocation Fund

Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution
Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
How has Delaware Foundation Growth Allocation Fund performed?

Performance Table Heading rr_PerformanceTableHeading
Average annual total returns for periods ended December 31, 2012

Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes
reflects no deduction for fees, expenses, or taxes

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate
The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred
After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs).

Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown
After-tax performance is presented only for Class A shares of the Fund.

Performance Table Footnotes rr_PerformanceTableFootnotesTextBlock
* Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Supplement [Text Block] cik0001048133_SupplementTextBlock
DELAWARE GROUP® FOUNDATION FUNDS

Delaware Foundation® Growth Allocation Fund

Supplement to the Funds’ Statutory Prospectus

dated January 28, 2013

The following replaces the average annual total return table related to the Fund in the section entitled, “How has Delaware Foundation Growth Allocation Fund performed?” on page 9.

Average annual total returns for periods ended December 31, 2012

1 year

5 years

10 years or lifetime

Class A return before taxes

6.14%

0.89%

6.63%

Class A return after taxes on distributions

5.88%

0.39%

6.08%

Class A return after taxes on distributions and sale of Fund shares

4.35%

0.59%

5.67%

Class B return before taxes

8.59%

1.24%

6.61%

Class C return before taxes

10.77%

1.34%

6.45%

Class R return before taxes (lifetime:

6/2/03-12/31/12)

12.24%

1.85%

6.13%

Institutional Class return before taxes

12.77%

2.35%

7.52%

S&P 500® Index (reflects no deduction for fees, expenses, or taxes)

16.00%

1.66%

7.10%

*  Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

Please keep this Supplement for future reference.

This Supplement is dated February 14, 2013.

DELAWARE FOUNDATION GROWTH ALLOCATION FUND | S&P 500® Index (reflects no deduction for fees, expenses, or taxes)

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 16.00%

5 years rr_AverageAnnualReturnYear05 1.66%

10 years or lifetime rr_AverageAnnualReturnYear10 7.10%

DELAWARE FOUNDATION GROWTH ALLOCATION FUND | CLASS A

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 6.14%

5 years rr_AverageAnnualReturnYear05 0.89%

10 years or lifetime rr_AverageAnnualReturnYear10 6.63%

DELAWARE FOUNDATION GROWTH ALLOCATION FUND | CLASS A | After Taxes on Distributions

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 5.88%

5 years rr_AverageAnnualReturnYear05 0.39%

10 years or lifetime rr_AverageAnnualReturnYear10 6.08%

DELAWARE FOUNDATION GROWTH ALLOCATION FUND | CLASS A | After Taxes on Distributions and Sale of Fund Shares

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 4.35%

5 years rr_AverageAnnualReturnYear05 0.59%

10 years or lifetime rr_AverageAnnualReturnYear10 5.67%

DELAWARE FOUNDATION GROWTH ALLOCATION FUND | CLASS B

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 8.59%

5 years rr_AverageAnnualReturnYear05 1.24%

10 years or lifetime rr_AverageAnnualReturnYear10 6.61%

DELAWARE FOUNDATION GROWTH ALLOCATION FUND | CLASS C

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 10.77%

5 years rr_AverageAnnualReturnYear05 1.34%

10 years or lifetime rr_AverageAnnualReturnYear10 6.45%

DELAWARE FOUNDATION GROWTH ALLOCATION FUND | CLASS R

Risk/Return: rr_RiskReturnAbstract

Label rr_AverageAnnualReturnLabel (lifetime:6/2/03-12/31/12)

1 year rr_AverageAnnualReturnYear01 12.24%

5 years rr_AverageAnnualReturnYear05 1.85%

Lifetime rr_AverageAnnualReturnSinceInception 6.13%

Inception Date rr_AverageAnnualReturnInceptionDate Jun. 02, 2003

DELAWARE FOUNDATION GROWTH ALLOCATION FUND | INSTITUTIONAL CLASS

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 12.77%

5 years rr_AverageAnnualReturnYear05 2.35%

10 years or lifetime rr_AverageAnnualReturnYear10 7.52%

DELAWARE FOUNDATION MODERATE ALLOCATION FUND

Risk/Return: rr_RiskReturnAbstract

Risk/Return [Heading] rr_RiskReturnHeading
Delaware Foundation® Moderate Allocation Fund

Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution
Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
How has Delaware Foundation Moderate Allocation Fund performed?

Performance Table Heading rr_PerformanceTableHeading
Average annual total returns for periods ended December 31, 2012

Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes
reflects no deduction for fees, expenses, or taxes

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate
The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred
After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs).

Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown
After-tax performance is presented only for Class A shares of the Fund.

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Supplement [Text Block] cik0001048133_SupplementTextBlock

DELAWARE GROUP® FOUNDATION FUNDS

Delaware Foundation® Moderate Allocation Fund

Supplement to the Funds’ Statutory Prospectus

dated January 28, 2013

The following replaces the average annual total return table related to the Fund in the section entitled, “How has Delaware Foundation Moderate Allocation Fund performed?” on page 14.

Average annual total returns for periods ended December 31, 2012

1 year

5 years

10 years or lifetime

Class A return before taxes

4.91%

2.98%

6.64%

Class A return after taxes on distributions

4.54%

2.44%

6.11%

Class A return after taxes on distributions and sale of Fund shares

3.41%

2.29%

5.59%

Class B return before taxes

6.48%

2.99%

6.61%

Class C return before taxes

9.54%

3.41%

6.45%

Class R return before taxes (lifetime:

6/2/03-12/31/12)

11.15%

3.91%

6.19%

Institutional Class return before taxes

11.67%

4.43%

7.53%

S&P 500 Index (reflects no deduction for fees, expenses, or taxes)

16.00%

1.66%

7.10%

Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)

4.22%

5.95%

5.18%

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

Please keep this Supplement for future reference.

This Supplement is dated February 14, 2013.

DELAWARE FOUNDATION MODERATE ALLOCATION FUND | S&P 500® Index (reflects no deduction for fees, expenses, or taxes)

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 16.00%

5 years rr_AverageAnnualReturnYear05 1.66%

10 years or lifetime rr_AverageAnnualReturnYear10 7.10%

DELAWARE FOUNDATION MODERATE ALLOCATION FUND | Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 4.22%

5 years rr_AverageAnnualReturnYear05 5.95%

10 years or lifetime rr_AverageAnnualReturnYear10 5.18%

DELAWARE FOUNDATION MODERATE ALLOCATION FUND | CLASS A

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 4.91%

5 years rr_AverageAnnualReturnYear05 2.98%

10 years or lifetime rr_AverageAnnualReturnYear10 6.64%

DELAWARE FOUNDATION MODERATE ALLOCATION FUND | CLASS A | After Taxes on Distributions

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 4.54%

5 years rr_AverageAnnualReturnYear05 2.44%

10 years or lifetime rr_AverageAnnualReturnYear10 6.11%

DELAWARE FOUNDATION MODERATE ALLOCATION FUND | CLASS A | After Taxes on Distributions and Sale of Fund Shares

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 3.41%

5 years rr_AverageAnnualReturnYear05 2.29%

10 years or lifetime rr_AverageAnnualReturnYear10 5.59%

DELAWARE FOUNDATION MODERATE ALLOCATION FUND | CLASS B

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 6.48%

5 years rr_AverageAnnualReturnYear05 2.99%

10 years or lifetime rr_AverageAnnualReturnYear10 6.61%

DELAWARE FOUNDATION MODERATE ALLOCATION FUND | CLASS C

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 9.54%

5 years rr_AverageAnnualReturnYear05 3.41%

10 years or lifetime rr_AverageAnnualReturnYear10 6.45%

DELAWARE FOUNDATION MODERATE ALLOCATION FUND | CLASS R

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 11.15%

5 years rr_AverageAnnualReturnYear05 3.91%

Lifetime rr_AverageAnnualReturnSinceInception 6.19%

Inception Date rr_AverageAnnualReturnInceptionDate Jun. 02, 2003

DELAWARE FOUNDATION MODERATE ALLOCATION FUND | INSTITUTIONAL CLASS

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 11.67%

5 years rr_AverageAnnualReturnYear05 4.43%

10 years or lifetime rr_AverageAnnualReturnYear10 7.53%

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND

Risk/Return: rr_RiskReturnAbstract

Risk/Return [Heading] rr_RiskReturnHeading
Delaware Foundation® Conservative Allocation Fund

Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution
Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
How has Delaware Foundation Conservative Allocation Fund performed?

Performance Table Heading rr_PerformanceTableHeading
Average annual total returns for periods ended December 31, 2012

Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes
reflects no deduction for fees, expenses, or taxes

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate
The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown
After-tax performance is presented only for Class A shares of the Fund.

Performance Table Footnotes rr_PerformanceTableFootnotesTextBlock
* Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Supplement [Text Block] cik0001048133_SupplementTextBlock
DELAWARE GROUP® FOUNDATION FUNDS

Delaware Foundation® Conservative Allocation Fund

Supplement to the Funds’ Statutory Prospectus

dated January 28, 2013

The following replaces the average annual total return table related to the Fund in the section entitled, “How has Delaware Foundation Conservative Allocation Fund performed?” on page 19.

Average annual total returns for periods ended December 31, 2012

1 year

5 years

10 years or lifetime

Class A return before taxes

3.30%

4.45%

6.25%

Class A return after taxes on distributions

2.55%

3.34%

5.25%

Class A return after taxes on distributions and sale of Fund shares

2.33%

3.22%

4.91%

Class B return before taxes

5.48%

5.01%

6.31%

Class C return before taxes

7.73%

4.92%

6.07%

Class R return before taxes (lifetime:

6/2/03-12/31/12)

9.29%

5.43%

6.03%

Institutional Class return before taxes

9.71%

5.95%

7.14%

Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)

4.22%

5.95%

5.18%

*  Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

Please keep this Supplement for future reference.

This Supplement is dated February 14, 2013.

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND | Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 4.22%

5 years rr_AverageAnnualReturnYear05 5.95%

10 years or lifetime rr_AverageAnnualReturnYear10 5.18%

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND | CLASS A

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 3.30%

5 years rr_AverageAnnualReturnYear05 4.45%

10 years or lifetime rr_AverageAnnualReturnYear10 6.25%

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND | CLASS A | After Taxes on Distributions

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 2.55%

5 years rr_AverageAnnualReturnYear05 3.34%

10 years or lifetime rr_AverageAnnualReturnYear10 5.25%

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND | CLASS A | After Taxes on Distributions and Sale of Fund Shares

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 2.33%

5 years rr_AverageAnnualReturnYear05 3.22%

10 years or lifetime rr_AverageAnnualReturnYear10 4.91%

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND | CLASS B

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 5.48%

5 years rr_AverageAnnualReturnYear05 5.01%

10 years or lifetime rr_AverageAnnualReturnYear10 6.31%

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND | CLASS C

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 7.73%

5 years rr_AverageAnnualReturnYear05 4.92%

10 years or lifetime rr_AverageAnnualReturnYear10 6.07%

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND | CLASS R

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 9.29%

5 years rr_AverageAnnualReturnYear05 5.43%

Lifetime rr_AverageAnnualReturnSinceInception 6.03%

Inception Date rr_AverageAnnualReturnInceptionDate Jun. 02, 2003

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND | INSTITUTIONAL CLASS

Risk/Return: rr_RiskReturnAbstract

1 year rr_AverageAnnualReturnYear01 9.71%

5 years rr_AverageAnnualReturnYear05 5.95%

10 years or lifetime rr_AverageAnnualReturnYear10 7.14%

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If the Fund has annual returns for at least one calendar year, provide a table showing the Fund's (A) average annual total return; (B) average annual total return (after taxes on distributions); and (C) average annual total return (after taxes on distributions and redemption). A Money Market Fund should show only the returns described in clause (A) of the preceding sentence. All returns should be shown for 1-, 5-, and 10- calendar year periods ending on the date of the most recently completed calendar year (or for the life of the Fund, if shorter), but only for periods subsequent to the effective date of the Fund's registration statement. The table also should show the returns of an appropriate broad-based securities market index as defined in Instruction 5 to Item 22(b)(7) for the same periods. A Fund that has been in existence for more than 10 years also may include returns for the life of the Fund. A Money Market Fund may provide the Fund's 7-day yield ending on the date of the most recent calendar year or disclose a toll-free (or collect) telephone number that investors can use to obtain the Fund's current 7-day yield. For a Fund (other than a Money Market Fund or a Fund described in General Instruction C.3.(d)(iii)), provide the information in the following table with the specified captions AVERAGE ANNUAL TOTAL RETURNS (For the periods ended December 31, _____)

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DELAWARE FOUNDATION GROWTH ALLOCATION FUND

Delaware Foundation® Growth Allocation Fund

How has Delaware Foundation Growth Allocation Fund performed?

Average annual total returns for periods ended December 31, 2012

Average Annual Total Returns

Label

1 year

5 years

10 years or lifetime

Lifetime

Inception Date

CLASS A
6.14% 0.89% 6.63%

CLASS A After Taxes on Distributions
5.88% 0.39% 6.08%

CLASS A After Taxes on Distributions and Sale of Fund Shares
4.35% 0.59% 5.67%

CLASS B
8.59% 1.24% 6.61%

CLASS C
10.77% 1.34% 6.45%

CLASS R
(lifetime:6/2/03-12/31/12) 12.24% 1.85% 6.13% Jun. 02, 2003

INSTITUTIONAL CLASS
12.77% 2.35% 7.52%

S&P 500® Index (reflects no deduction for fees, expenses, or taxes)
16.00% 1.66% 7.10%

* Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

DELAWARE GROUP® FOUNDATION FUNDS

Delaware Foundation® Growth Allocation Fund

Supplement to the Funds’ Statutory Prospectus

dated January 28, 2013

The following replaces the average annual total return table related to the Fund in the section entitled, “How has Delaware Foundation Growth Allocation Fund performed?” on page 9.

Average annual total returns for periods ended December 31, 2012

1 year

5 years

10 years or lifetime

Class A return before taxes

6.14%

0.89%

6.63%

Class A return after taxes on distributions

5.88%

0.39%

6.08%

Class A return after taxes on distributions and sale of Fund shares

4.35%

0.59%

5.67%

Class B return before taxes

8.59%

1.24%

6.61%

Class C return before taxes

10.77%

1.34%

6.45%

Class R return before taxes (lifetime:

6/2/03-12/31/12)

12.24%

1.85%

6.13%

Institutional Class return before taxes

12.77%

2.35%

7.52%

S&P 500® Index (reflects no deduction for fees, expenses, or taxes)

16.00%

1.66%

7.10%

*  Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

Please keep this Supplement for future reference.

This Supplement is dated February 14, 2013.

DELAWARE FOUNDATION MODERATE ALLOCATION FUND

Delaware Foundation® Moderate Allocation Fund

How has Delaware Foundation Moderate Allocation Fund performed?

Average annual total returns for periods ended December 31, 2012

Average Annual Total Returns

1 year

5 years

10 years or lifetime

Lifetime

Inception Date

CLASS A
4.91% 2.98% 6.64%

CLASS A After Taxes on Distributions
4.54% 2.44% 6.11%

CLASS A After Taxes on Distributions and Sale of Fund Shares
3.41% 2.29% 5.59%

CLASS B
6.48% 2.99% 6.61%

CLASS C
9.54% 3.41% 6.45%

CLASS R
11.15% 3.91% 6.19% Jun. 02, 2003

INSTITUTIONAL CLASS
11.67% 4.43% 7.53%

S&P 500® Index (reflects no deduction for fees, expenses, or taxes)
16.00% 1.66% 7.10%

Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)
4.22% 5.95% 5.18%

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

DELAWARE GROUP® FOUNDATION FUNDS

Delaware Foundation® Moderate Allocation Fund

Supplement to the Funds’ Statutory Prospectus

dated January 28, 2013

The following replaces the average annual total return table related to the Fund in the section entitled, “How has Delaware Foundation Moderate Allocation Fund performed?” on page 14.

Average annual total returns for periods ended December 31, 2012

1 year

5 years

10 years or lifetime

Class A return before taxes

4.91%

2.98%

6.64%

Class A return after taxes on distributions

4.54%

2.44%

6.11%

Class A return after taxes on distributions and sale of Fund shares

3.41%

2.29%

5.59%

Class B return before taxes

6.48%

2.99%

6.61%

Class C return before taxes

9.54%

3.41%

6.45%

Class R return before taxes (lifetime:

6/2/03-12/31/12)

11.15%

3.91%

6.19%

Institutional Class return before taxes

11.67%

4.43%

7.53%

S&P 500 Index (reflects no deduction for fees, expenses, or taxes)

16.00%

1.66%

7.10%

Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)

4.22%

5.95%

5.18%

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

Please keep this Supplement for future reference.

This Supplement is dated February 14, 2013.

DELAWARE FOUNDATION CONSERVATIVE ALLOCATION FUND

Delaware Foundation® Conservative Allocation Fund

How has Delaware Foundation Conservative Allocation Fund performed?

Average annual total returns for periods ended December 31, 2012

Average Annual Total Returns

1 year

5 years

10 years or lifetime

Lifetime

Inception Date

CLASS A
3.30% 4.45% 6.25%

CLASS A After Taxes on Distributions
2.55% 3.34% 5.25%

CLASS A After Taxes on Distributions and Sale of Fund Shares
2.33% 3.22% 4.91%

CLASS B
5.48% 5.01% 6.31%

CLASS C
7.73% 4.92% 6.07%

CLASS R
9.29% 5.43% 6.03% Jun. 02, 2003

INSTITUTIONAL CLASS
9.71% 5.95% 7.14%

Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)
4.22% 5.95% 5.18%

* Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

DELAWARE GROUP® FOUNDATION FUNDS

Delaware Foundation® Conservative Allocation Fund

Supplement to the Funds’ Statutory Prospectus

dated January 28, 2013

The following replaces the average annual total return table related to the Fund in the section entitled, “How has Delaware Foundation Conservative Allocation Fund performed?” on page 19.

Average annual total returns for periods ended December 31, 2012

1 year

5 years

10 years or lifetime

Class A return before taxes

3.30%

4.45%

6.25%

Class A return after taxes on distributions

2.55%

3.34%

5.25%

Class A return after taxes on distributions and sale of Fund shares

2.33%

3.22%

4.91%

Class B return before taxes

5.48%

5.01%

6.31%

Class C return before taxes

7.73%

4.92%

6.07%

Class R return before taxes (lifetime:

6/2/03-12/31/12)

9.29%

5.43%

6.03%

Institutional Class return before taxes

9.71%

5.95%

7.14%

Barclays U.S. Aggregate Index (reflects no deduction for fees, expenses, or taxes)

4.22%

5.95%

5.18%

*  Because the Fund has combined its retail and institutional prospectuses, the bar chart and the after tax returns in the average annual total returns table show the performance of the Fund's Class A shares.

After-tax performance is presented only for Class A shares of the Fund. The after-tax returns for other Fund classes may vary. Actual after-tax returns depend on the investor's individual tax situation and may differ from the returns shown. After-tax returns are not relevant for shares held in tax-deferred investment vehicles such as employer-sponsored 401(k) plans and individual retirement accounts (IRAs). The after-tax returns shown are calculated using the highest individual federal marginal income tax rates in effect during the periods presented and do not reflect the impact of state and local taxes.

Investments in the Funds are not and will not be deposits with or liabilities of Macquarie Bank Limited ABN 46 008 583 542 and its holding companies, including their subsidiaries or related companies (the "Macquarie Group"), and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. No Macquarie Group company guarantees or will guarantee the performance of the Funds, the repayment of capital from the Funds, or any particular rate of return.

Please keep this Supplement for future reference.

This Supplement is dated February 14, 2013.

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