The table below illustrates the changes in the Fund’s yearly performance and shows how the Fund’s average returns for one year, five years, ten years, and since Fund inception compared with selected benchmarks. Prior to December 1, 2021, the Fund received entry fees on purchases and exit fees on redemptions of Fund shares; thus, Fund performance for periods prior to December 1, 2021 reflect those fees’ impact. Past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the effect of state and local taxes. Actual after-tax returns depend upon a member’s tax situation and may differ from those shown.

Average Annual Returns - TIFF Multi-Asset Fund

Label

1 Year

5 Years

10 Years

Since Inception

Inception Date

TIFF Multi-Asset Fund

Return before Taxes

(15.17%)

3.73%

5.31%

7.17%

Mar. 31, 1995

After Taxes on Distributions | TIFF Multi-Asset Fund

Return after Taxes on Distributions

(17.06%)

1.96%

3.17%

5.32%

Mar. 31, 1995

After Taxes on Distributions and Sale of Fund Shares | TIFF Multi-Asset Fund

Return after Taxes on Distributions and Sale of Fund Shares

(7.64%)

2.68%

3.63%

5.31%

Mar. 31, 1995

65/35 Mix (65% MSCI All Country World Index, 35% Bloomberg Barclays US Aggregate Bond Index) (does not reflect fees, expenses, or taxes)

(16.30%)

3.70%

5.72%

6.36%

Mar. 31, 1995

Consumer Price Index (“CPI”) +5% per annum (does not reflect fees, expenses, or taxes)

11.75%

8.95%

7.71%

7.56%

Mar. 31, 1995

MSCI All Country World Index (does not reflect fees, expenses, or taxes)

(18.36%)

5.22%

7.97%

6.86%

Mar. 31, 1995

Bloomberg Barclays US Aggregate Bond Index (does not reflect fees, expenses, or taxes)

(13.01%)

0.02%

1.06%

4.50%

Mar. 31, 1995