DELAWARE GROUP FOUNDATION FUNDS
NSAR-A, 2000-05-25
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<PAGE>      PAGE  1
000 A000000 03/31/2000
000 C000000 0001048133
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 DELAWARE GROUP FOUNDATION FUNDS
001 B000000 811-08457
001 C000000 2152552127
002 A000000 2005 MARKET STREET
002 B000000 PHILADELPHIA
002 C000000 PA
002 D010000 19103
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 DELAWARE INCOME PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 DELAWARE BALANCED PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 DELAWARE GROWTH PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 THE ASSET ALLOCATION PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 DELAWARE S&P 500 INDEX FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 MERRILL LYNCH PIERCE
020 B000001 13-5674085
020 C000001   1198
020 A000002 SALOMON SMITH BARNEY
020 B000002 11-2418191
020 C000002    859
020 A000003 MORGAN STANLEY AND CO., INC.
020 B000003 13-2655998
020 C000003    811
<PAGE>      PAGE  2
020 A000004 BT ALEX BROWN
020 B000004 13-3311934
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020 A000005 DONALDSON LUFKIN JENRETTE
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020 A000006 LEHMAN BROTHERS, INC.
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020 A000007 CANTOR AND FITZGERALD
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020 A000008 CREDIT SWISSE FIRST BOSTON
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020 C000008    365
020 A000009 ING BARINGS
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020 A000010 FIDELITY CAPITAL MARKETS
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022 D000001         0
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022 B000002 13-2518466
022 C000002   2112550
022 D000002    245014
022 A000003 MORGAN GUARANTY
022 C000003   1993604
022 D000003     91847
022 A000004 GOLDMAN SACHS AND CO.
022 B000004 13-5108880
022 C000004   1429283
022 D000004    519847
022 A000005 MERRILL LYNCH PIERCE
022 B000005 13-5674085
022 C000005   1436161
022 D000005    229853
022 A000006 CREDIT SWISSE FIRST BOSTON
022 B000006 13-5659485
022 C000006   1065424
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022 A000007 MORGAN STANLEY AND CO., INC.
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022 C000007    915813
022 D000007    412315
022 A000008 ROBERTSON AND STEPHENS
022 B000008 94-2524501
022 C000008    290774
022 D000008    254696
022 A000009 STARBOARD CAPITAL MARKETS
<PAGE>      PAGE  3
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022 D000009    220972
022 A000010 PRUDENTIAL SECURITIES
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<PAGE>      PAGE  4
042 B000100   0
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070 F020100 N
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070 G020100 N
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070 I020100 N
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070 J020100 N
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<PAGE>      PAGE  5
070 M010100 Y
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<PAGE>      PAGE  6
073 B000100   0.0430
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<PAGE>      PAGE  7
028 E010200        27
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029  000200 Y
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030 B000200  5.75
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042 D000200   0
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070 A010200 Y
070 A020200 Y
<PAGE>      PAGE  8
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
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070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
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070 R020200 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
074 W000200   0.0000
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076  000200     0.00
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<PAGE>      PAGE  11
043  000300      0
044  000300      0
062 A000300 N
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070 A010300 Y
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070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
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070 F020300 N
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<PAGE>      PAGE  12
070 P020300 N
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
028 F040400         0
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<PAGE>      PAGE  15
072 F000400        0
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<PAGE>      PAGE  16
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029  000500 N
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<PAGE>      PAGE  17
042 A000500   0
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070 A010500 Y
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070 F020500 Y
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<PAGE>      PAGE  18
070 L020500 N
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<PAGE>      PAGE  19
073 A020500   0.0000
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074 L000500       50
074 M000500        0
074 N000500    16398
074 O000500       39
074 P000500       10
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       34
074 S000500        0
074 T000500    16315
074 U010500  1811483
074 U020500    39181
074 V010500     8.82
074 V020500     8.82
074 W000500   0.0000
074 X000500       37
074 Y000500        0
075 A000500        0
075 B000500    13073
076  000500     0.00
SIGNATURE   KENNETH E. CROCKETT, SR.
TITLE       BLUE SKY ADMIN



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 011
   <NAME> DELAWARE INCOME PORTFOLIO A CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       19,152,101
<INVESTMENTS-AT-VALUE>                      18,497,034
<RECEIVABLES>                                   58,460
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,742
<TOTAL-ASSETS>                              18,557,236
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       93,032
<TOTAL-LIABILITIES>                             93,032
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    18,785,931
<SHARES-COMMON-STOCK>                        2,054,647
<SHARES-COMMON-PRIOR>                        2,152,243
<ACCUMULATED-NII-CURRENT>                      (2,200)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        335,540
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (655,067)
<NET-ASSETS>                                17,824,511
<DIVIDEND-INCOME>                              461,608
<INTEREST-INCOME>                               23,278
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  73,946
<NET-INVESTMENT-INCOME>                        410,940
<REALIZED-GAINS-CURRENT>                       467,897
<APPREC-INCREASE-CURRENT>                      151,169
<NET-CHANGE-FROM-OPS>                        1,030,006
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      667,266
<DISTRIBUTIONS-OF-GAINS>                        84,213
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,693,224
<NUMBER-OF-SHARES-REDEEMED>                  3,106,635
<SHARES-REINVESTED>                            751,493
<NET-CHANGE-IN-ASSETS>                         729,996
<ACCUMULATED-NII-PRIOR>                         38,526
<ACCUMULATED-GAINS-PRIOR>                      (4,989)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            8,955
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 73,946
<AVERAGE-NET-ASSETS>                        17,825,000
<PER-SHARE-NAV-BEGIN>                            8.550
<PER-SHARE-NII>                                  0.198
<PER-SHARE-GAIN-APPREC>                          0.313
<PER-SHARE-DIVIDEND>                             0.338
<PER-SHARE-DISTRIBUTIONS>                        0.043
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              8.680
<EXPENSE-RATIO>                                  1.760


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 012
   <NAME> DELAWARE INCOME PORTFOLIO B CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       19,152,101
<INVESTMENTS-AT-VALUE>                      18,497,034
<RECEIVABLES>                                   58,460
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,742
<TOTAL-ASSETS>                              18,557,236
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       93,032
<TOTAL-LIABILITIES>                             93,032
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    18,785,931
<SHARES-COMMON-STOCK>                           41,496
<SHARES-COMMON-PRIOR>                           66,021
<ACCUMULATED-NII-CURRENT>                      (2,200)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        335,540
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (655,067)
<NET-ASSETS>                                   361,962
<DIVIDEND-INCOME>                              461,608
<INTEREST-INCOME>                               23,278
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  73,946
<NET-INVESTMENT-INCOME>                        410,940
<REALIZED-GAINS-CURRENT>                       467,897
<APPREC-INCREASE-CURRENT>                      151,169
<NET-CHANGE-FROM-OPS>                        1,030,006
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        9,591
<DISTRIBUTIONS-OF-GAINS>                         1,276
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        108,137
<NUMBER-OF-SHARES-REDEEMED>                      3,509
<SHARES-REINVESTED>                              8,648
<NET-CHANGE-IN-ASSETS>                         729,996
<ACCUMULATED-NII-PRIOR>                         38,526
<ACCUMULATED-GAINS-PRIOR>                      (4,989)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            8,955
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 73,946
<AVERAGE-NET-ASSETS>                           362,000
<PER-SHARE-NAV-BEGIN>                            8.590
<PER-SHARE-NII>                                  0.166
<PER-SHARE-GAIN-APPREC>                          0.305
<PER-SHARE-DIVIDEND>                             0.298
<PER-SHARE-DISTRIBUTIONS>                        0.043
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              8.720
<EXPENSE-RATIO>                                  2.510


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 013
   <NAME> DELAWARE INCOME PORTFOLIO C CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       19,152,101
<INVESTMENTS-AT-VALUE>                      18,497,034
<RECEIVABLES>                                   58,460
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,742
<TOTAL-ASSETS>                              18,557,236
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       93,032
<TOTAL-LIABILITIES>                             93,032
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    18,785,931
<SHARES-COMMON-STOCK>                           22,035
<SHARES-COMMON-PRIOR>                           17,142
<ACCUMULATED-NII-CURRENT>                      (2,200)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        335,540
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (655,067)
<NET-ASSETS>                                   191,799
<DIVIDEND-INCOME>                              461,608
<INTEREST-INCOME>                               23,278
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  73,946
<NET-INVESTMENT-INCOME>                        410,940
<REALIZED-GAINS-CURRENT>                       467,897
<APPREC-INCREASE-CURRENT>                      151,169
<NET-CHANGE-FROM-OPS>                        1,030,006
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        6,572
<DISTRIBUTIONS-OF-GAINS>                           953
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         21,335
<NUMBER-OF-SHARES-REDEEMED>                     35,291
<SHARES-REINVESTED>                              7,838
<NET-CHANGE-IN-ASSETS>                         729,996
<ACCUMULATED-NII-PRIOR>                         38,526
<ACCUMULATED-GAINS-PRIOR>                      (4,989)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            8,955
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 73,946
<AVERAGE-NET-ASSETS>                           192,000
<PER-SHARE-NAV-BEGIN>                            8.580
<PER-SHARE-NII>                                  0.166
<PER-SHARE-GAIN-APPREC>                          0.295
<PER-SHARE-DIVIDEND>                             0.298
<PER-SHARE-DISTRIBUTIONS>                        0.043
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              8.700
<EXPENSE-RATIO>                                  2.510


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 014
   <NAME> DELAWARE INCOME PORTFOLIO INSTITUTIONAL CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       19,152,101
<INVESTMENTS-AT-VALUE>                      18,497,034
<RECEIVABLES>                                   58,460
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,742
<TOTAL-ASSETS>                              18,557,236
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       93,032
<TOTAL-LIABILITIES>                             93,032
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    18,785,931
<SHARES-COMMON-STOCK>                            9,902
<SHARES-COMMON-PRIOR>                            6,106
<ACCUMULATED-NII-CURRENT>                      (2,200)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        335,540
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (655,067)
<NET-ASSETS>                                    85,932
<DIVIDEND-INCOME>                              461,608
<INTEREST-INCOME>                               23,278
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  73,946
<NET-INVESTMENT-INCOME>                        410,940
<REALIZED-GAINS-CURRENT>                       467,897
<APPREC-INCREASE-CURRENT>                      151,169
<NET-CHANGE-FROM-OPS>                        1,030,006
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        3,101
<DISTRIBUTIONS-OF-GAINS>                           372
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         25,243
<NUMBER-OF-SHARES-REDEEMED>                        652
<SHARES-REINVESTED>                              3,473
<NET-CHANGE-IN-ASSETS>                         729,996
<ACCUMULATED-NII-PRIOR>                         38,526
<ACCUMULATED-GAINS-PRIOR>                      (4,989)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            8,955
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 73,946
<AVERAGE-NET-ASSETS>                            86,000
<PER-SHARE-NAV-BEGIN>                            8.560
<PER-SHARE-NII>                                  0.209
<PER-SHARE-GAIN-APPREC>                          0.302
<PER-SHARE-DIVIDEND>                             0.348
<PER-SHARE-DISTRIBUTIONS>                        0.043
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              8.680
<EXPENSE-RATIO>                                  1.510


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 021
   <NAME> DELAWARE BALANCED PORTFOLIO A CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       30,481,925
<INVESTMENTS-AT-VALUE>                      31,429,866
<RECEIVABLES>                                   19,056
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               274
<TOTAL-ASSETS>                              31,449,196
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       86,598
<TOTAL-LIABILITIES>                             86,598
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    30,106,287
<SHARES-COMMON-STOCK>                        3,094,639
<SHARES-COMMON-PRIOR>                        2,239,343
<ACCUMULATED-NII-CURRENT>                     (82,852)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        391,223
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       947,940
<NET-ASSETS>                                28,977,225
<DIVIDEND-INCOME>                              370,484
<INTEREST-INCOME>                                8,407
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  89,801
<NET-INVESTMENT-INCOME>                        289,090
<REALIZED-GAINS-CURRENT>                       614,163
<APPREC-INCREASE-CURRENT>                    1,459,315
<NET-CHANGE-FROM-OPS>                        2,362,568
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      609,902
<DISTRIBUTIONS-OF-GAINS>                       306,567
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     12,458,644
<NUMBER-OF-SHARES-REDEEMED>                  3,019,067
<SHARES-REINVESTED>                            916,362
<NET-CHANGE-IN-ASSETS>                      12,091,270
<ACCUMULATED-NII-PRIOR>                         30,920
<ACCUMULATED-GAINS-PRIOR>                       77,813
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           10,461
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 89,801
<AVERAGE-NET-ASSETS>                        28,977,000
<PER-SHARE-NAV-BEGIN>                            8.940
<PER-SHARE-NII>                                  0.130
<PER-SHARE-GAIN-APPREC>                          0.738
<PER-SHARE-DIVIDEND>                             0.288
<PER-SHARE-DISTRIBUTIONS>                        0.160
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              9.360
<EXPENSE-RATIO>                                  1.220


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 022
   <NAME> DELAWARE BALANCED PORTFOLIO B CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       30,481,925
<INVESTMENTS-AT-VALUE>                      31,429,866
<RECEIVABLES>                                   19,056
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               274
<TOTAL-ASSETS>                              31,449,196
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       86,598
<TOTAL-LIABILITIES>                             86,598
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    30,106,287
<SHARES-COMMON-STOCK>                          137,742
<SHARES-COMMON-PRIOR>                          100,998
<ACCUMULATED-NII-CURRENT>                     (82,852)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        391,223
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       947,940
<NET-ASSETS>                                 1,292,270
<DIVIDEND-INCOME>                              370,484
<INTEREST-INCOME>                                8,407
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  89,801
<NET-INVESTMENT-INCOME>                        289,090
<REALIZED-GAINS-CURRENT>                       614,163
<APPREC-INCREASE-CURRENT>                    1,459,315
<NET-CHANGE-FROM-OPS>                        2,362,568
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       30,399
<DISTRIBUTIONS-OF-GAINS>                        19,061
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        286,075
<NUMBER-OF-SHARES-REDEEMED>                    133,823
<SHARES-REINVESTED>                             48,464
<NET-CHANGE-IN-ASSETS>                      12,091,270
<ACCUMULATED-NII-PRIOR>                         30,920
<ACCUMULATED-GAINS-PRIOR>                       77,813
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           10,461
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 89,801
<AVERAGE-NET-ASSETS>                         1,292,000
<PER-SHARE-NAV-BEGIN>                            8.950
<PER-SHARE-NII>                                  0.095
<PER-SHARE-GAIN-APPREC>                          0.745
<PER-SHARE-DIVIDEND>                             0.250
<PER-SHARE-DISTRIBUTIONS>                        0.160
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              9.380
<EXPENSE-RATIO>                                  1.970


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 023
   <NAME> DELAWARE BALANCED PORTFOLIO C CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       30,481,925
<INVESTMENTS-AT-VALUE>                      31,429,866
<RECEIVABLES>                                   19,056
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               274
<TOTAL-ASSETS>                              31,449,196
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       86,598
<TOTAL-LIABILITIES>                             86,598
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    30,106,287
<SHARES-COMMON-STOCK>                          101,590
<SHARES-COMMON-PRIOR>                           81,987
<ACCUMULATED-NII-CURRENT>                     (82,852)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        391,223
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       947,940
<NET-ASSETS>                                   954,767
<DIVIDEND-INCOME>                              370,484
<INTEREST-INCOME>                                8,407
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  89,801
<NET-INVESTMENT-INCOME>                        289,090
<REALIZED-GAINS-CURRENT>                       614,163
<APPREC-INCREASE-CURRENT>                    1,459,315
<NET-CHANGE-FROM-OPS>                        2,362,568
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       23,486
<DISTRIBUTIONS-OF-GAINS>                        14,846
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        267,639
<NUMBER-OF-SHARES-REDEEMED>                    196,288
<SHARES-REINVESTED>                             37,172
<NET-CHANGE-IN-ASSETS>                      12,091,270
<ACCUMULATED-NII-PRIOR>                         30,920
<ACCUMULATED-GAINS-PRIOR>                       77,813
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           10,461
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 89,801
<AVERAGE-NET-ASSETS>                           955,000
<PER-SHARE-NAV-BEGIN>                            8.960
<PER-SHARE-NII>                                  0.095
<PER-SHARE-GAIN-APPREC>                          0.755
<PER-SHARE-DIVIDEND>                             0.250
<PER-SHARE-DISTRIBUTIONS>                        0.160
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              9.400
<EXPENSE-RATIO>                                  1.970


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 024
   <NAME> DELAWARE BALANCED PORTFOLIO INSTITUTIONAL CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       30,481,925
<INVESTMENTS-AT-VALUE>                      31,429,866
<RECEIVABLES>                                   19,056
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               274
<TOTAL-ASSETS>                              31,449,196
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       86,598
<TOTAL-LIABILITIES>                             86,598
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    30,106,287
<SHARES-COMMON-STOCK>                           14,779
<SHARES-COMMON-PRIOR>                            6,040
<ACCUMULATED-NII-CURRENT>                     (82,852)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        391,223
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       947,940
<NET-ASSETS>                                   138,336
<DIVIDEND-INCOME>                              370,484
<INTEREST-INCOME>                                8,407
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  89,801
<NET-INVESTMENT-INCOME>                        289,090
<REALIZED-GAINS-CURRENT>                       614,163
<APPREC-INCREASE-CURRENT>                    1,459,315
<NET-CHANGE-FROM-OPS>                        2,362,568
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        3,916
<DISTRIBUTIONS-OF-GAINS>                         2,009
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         68,034
<NUMBER-OF-SHARES-REDEEMED>                        249
<SHARES-REINVESTED>                              5,925
<NET-CHANGE-IN-ASSETS>                      12,091,270
<ACCUMULATED-NII-PRIOR>                         30,920
<ACCUMULATED-GAINS-PRIOR>                       77,813
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           10,461
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 89,801
<AVERAGE-NET-ASSETS>                           138,000
<PER-SHARE-NAV-BEGIN>                            8.940
<PER-SHARE-NII>                                  0.141
<PER-SHARE-GAIN-APPREC>                          0.742
<PER-SHARE-DIVIDEND>                             0.303
<PER-SHARE-DISTRIBUTIONS>                        0.160
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              9.360
<EXPENSE-RATIO>                                  0.970


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 031
   <NAME> DELAWARE GROWTH PORTFOLIO A CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       14,910,065
<INVESTMENTS-AT-VALUE>                      15,988,938
<RECEIVABLES>                                   38,524
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,195
<TOTAL-ASSETS>                              16,028,657
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       82,049
<TOTAL-LIABILITIES>                             82,049
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    14,433,469
<SHARES-COMMON-STOCK>                        1,230,799
<SHARES-COMMON-PRIOR>                        1,192,004
<ACCUMULATED-NII-CURRENT>                        2,913
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        431,352
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,078,873
<NET-ASSETS>                                12,620,435
<DIVIDEND-INCOME>                              178,600
<INTEREST-INCOME>                               11,159
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  68,884
<NET-INVESTMENT-INCOME>                        120,875
<REALIZED-GAINS-CURRENT>                       606,587
<APPREC-INCREASE-CURRENT>                    1,169,996
<NET-CHANGE-FROM-OPS>                        1,897,458
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      328,851
<DISTRIBUTIONS-OF-GAINS>                       327,655
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,939,356
<NUMBER-OF-SHARES-REDEEMED>                  2,213,212
<SHARES-REINVESTED>                            656,681
<NET-CHANGE-IN-ASSETS>                       2,486,723
<ACCUMULATED-NII-PRIOR>                        136,467
<ACCUMULATED-GAINS-PRIOR>                      350,874
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            7,286
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 68,884
<AVERAGE-NET-ASSETS>                        12,620,000
<PER-SHARE-NAV-BEGIN>                            9.500
<PER-SHARE-NII>                                  0.087
<PER-SHARE-GAIN-APPREC>                          1.212
<PER-SHARE-DIVIDEND>                             0.275
<PER-SHARE-DISTRIBUTIONS>                        0.274
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.250
<EXPENSE-RATIO>                                  1.670


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 032
   <NAME> DELAWARE GROWTH PORTFOLIO B CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       14,910,065
<INVESTMENTS-AT-VALUE>                      15,988,938
<RECEIVABLES>                                   38,524
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,195
<TOTAL-ASSETS>                              16,028,657
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       82,049
<TOTAL-LIABILITIES>                             82,049
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    14,433,469
<SHARES-COMMON-STOCK>                          229,645
<SHARES-COMMON-PRIOR>                          164,769
<ACCUMULATED-NII-CURRENT>                        2,913
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        431,352
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,078,873
<NET-ASSETS>                                 2,354,020
<DIVIDEND-INCOME>                              178,600
<INTEREST-INCOME>                               11,159
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  68,884
<NET-INVESTMENT-INCOME>                        120,875
<REALIZED-GAINS-CURRENT>                       606,587
<APPREC-INCREASE-CURRENT>                    1,169,996
<NET-CHANGE-FROM-OPS>                        1,897,458
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       36,717
<DISTRIBUTIONS-OF-GAINS>                        49,076
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        888,974
<NUMBER-OF-SHARES-REDEEMED>                    328,144
<SHARES-REINVESTED>                             84,612
<NET-CHANGE-IN-ASSETS>                       2,486,723
<ACCUMULATED-NII-PRIOR>                        136,467
<ACCUMULATED-GAINS-PRIOR>                      350,874
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            7,286
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 68,884
<AVERAGE-NET-ASSETS>                         2,354,000
<PER-SHARE-NAV-BEGIN>                            9.470
<PER-SHARE-NII>                                  0.050
<PER-SHARE-GAIN-APPREC>                          1.209
<PER-SHARE-DIVIDEND>                             0.210
<PER-SHARE-DISTRIBUTIONS>                        0.270
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.249
<EXPENSE-RATIO>                                  2.430


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 033
   <NAME> DELAWARE GROWTH PORTFOLIO C CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       14,910,065
<INVESTMENTS-AT-VALUE>                      15,988,938
<RECEIVABLES>                                   38,524
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,195
<TOTAL-ASSETS>                              16,028,657
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       82,049
<TOTAL-LIABILITIES>                             82,049
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    14,433,469
<SHARES-COMMON-STOCK>                           78,875
<SHARES-COMMON-PRIOR>                           53,341
<ACCUMULATED-NII-CURRENT>                        2,913
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        431,352
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,078,873
<NET-ASSETS>                                   809,403
<DIVIDEND-INCOME>                              178,600
<INTEREST-INCOME>                               11,159
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  68,884
<NET-INVESTMENT-INCOME>                        120,875
<REALIZED-GAINS-CURRENT>                       606,587
<APPREC-INCREASE-CURRENT>                    1,169,996
<NET-CHANGE-FROM-OPS>                        1,897,458
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       13,139
<DISTRIBUTIONS-OF-GAINS>                        17,562
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        377,638
<NUMBER-OF-SHARES-REDEEMED>                    156,932
<SHARES-REINVESTED>                             30,700
<NET-CHANGE-IN-ASSETS>                       2,486,723
<ACCUMULATED-NII-PRIOR>                        136,467
<ACCUMULATED-GAINS-PRIOR>                      350,874
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            7,286
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 68,884
<AVERAGE-NET-ASSETS>                           809,000
<PER-SHARE-NAV-BEGIN>                            9.480
<PER-SHARE-NII>                                  0.050
<PER-SHARE-GAIN-APPREC>                          1.209
<PER-SHARE-DIVIDEND>                             0.205
<PER-SHARE-DISTRIBUTIONS>                        0.274
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.260
<EXPENSE-RATIO>                                  2.430


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 034
   <NAME> DELAWARE GROWTH PORTFOLIO INSTITUTIONAL CLASS

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       14,910,065
<INVESTMENTS-AT-VALUE>                      15,988,938
<RECEIVABLES>                                   38,524
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             1,195
<TOTAL-ASSETS>                              16,028,657
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       82,049
<TOTAL-LIABILITIES>                             82,049
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    14,433,469
<SHARES-COMMON-STOCK>                           15,867
<SHARES-COMMON-PRIOR>                            6,855
<ACCUMULATED-NII-CURRENT>                        2,913
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        431,352
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,078,873
<NET-ASSETS>                                   162,749
<DIVIDEND-INCOME>                              178,600
<INTEREST-INCOME>                               11,159
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  68,884
<NET-INVESTMENT-INCOME>                        120,875
<REALIZED-GAINS-CURRENT>                       606,587
<APPREC-INCREASE-CURRENT>                    1,169,996
<NET-CHANGE-FROM-OPS>                        1,897,458
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        3,940
<DISTRIBUTIONS-OF-GAINS>                         3,598
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        117,318
<NUMBER-OF-SHARES-REDEEMED>                     34,726
<SHARES-REINVESTED>                              7,538
<NET-CHANGE-IN-ASSETS>                       2,486,723
<ACCUMULATED-NII-PRIOR>                        136,467
<ACCUMULATED-GAINS-PRIOR>                      350,874
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            7,286
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 68,884
<AVERAGE-NET-ASSETS>                           163,000
<PER-SHARE-NAV-BEGIN>                            9.520
<PER-SHARE-NII>                                  0.100
<PER-SHARE-GAIN-APPREC>                          1.214
<PER-SHARE-DIVIDEND>                             0.300
<PER-SHARE-DISTRIBUTIONS>                        0.274
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                             10.260
<EXPENSE-RATIO>                                  1.430


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 040
   <NAME> THE ASSET ALLOCATION FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                                0
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                      0
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            0.000
<PER-SHARE-NII>                                  0.000
<PER-SHARE-GAIN-APPREC>                          0.000
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              0.000
<EXPENSE-RATIO>                                  0.000


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 051
   <NAME> DELAWARE S&P 500 INDEX FUND CONSULTANT CLASS

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       15,685,040
<INVESTMENTS-AT-VALUE>                      16,314,453
<RECEIVABLES>                                   82,464
<ASSETS-OTHER>                                   2,131
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              16,399,048
<PAYABLE-FOR-SECURITIES>                        39,279
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       44,159
<TOTAL-LIABILITIES>                             83,438
<SENIOR-EQUITY>                                 18,507
<PAID-IN-CAPITAL-COMMON>                    15,630,426
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                           39,181
<ACCUMULATED-NII-CURRENT>                       37,265
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       629,413
<NET-ASSETS>                                   345,390
<DIVIDEND-INCOME>                               34,077
<INTEREST-INCOME>                               14,494
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  11,306
<NET-INVESTMENT-INCOME>                         37,265
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                      629,413
<NET-CHANGE-FROM-OPS>                          666,678
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        408,978
<NUMBER-OF-SHARES-REDEEMED>                     75,035
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      15,648,933
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 44,549
<AVERAGE-NET-ASSETS>                           206,631
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                  0.057
<PER-SHARE-GAIN-APPREC>                          0.263
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              8.820
<EXPENSE-RATIO>                                  0.520



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001048133
<NAME> DELAWARE GROUP FOUNDATION FUNDS
<SERIES>
   <NUMBER> 052
   <NAME> DELAWARE S&P 500 INDEX FUND INSTITUTIONAL CLASS

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1999
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                       15,685,040
<INVESTMENTS-AT-VALUE>                      16,314,453
<RECEIVABLES>                                   82,464
<ASSETS-OTHER>                                   2,131
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              16,399,048
<PAYABLE-FOR-SECURITIES>                        39,279
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       44,159
<TOTAL-LIABILITIES>                             83,438
<SENIOR-EQUITY>                                 18,507
<PAID-IN-CAPITAL-COMMON>                    15,630,426
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                        1,811,483
<ACCUMULATED-NII-CURRENT>                       37,265
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       629,413
<NET-ASSETS>                                15,970,221
<DIVIDEND-INCOME>                               34,077
<INTEREST-INCOME>                               14,494
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  11,306
<NET-INVESTMENT-INCOME>                         37,265
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                      629,413
<NET-CHANGE-FROM-OPS>                          666,678
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     15,494,455
<NUMBER-OF-SHARES-REDEEMED>                    179,465
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      15,648,933
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 44,549
<AVERAGE-NET-ASSETS>                        12,866,035
<PER-SHARE-NAV-BEGIN>                            8.500
<PER-SHARE-NII>                                  0.059
<PER-SHARE-GAIN-APPREC>                          0.261
<PER-SHARE-DIVIDEND>                             0.000
<PER-SHARE-DISTRIBUTIONS>                        0.000
<RETURNS-OF-CAPITAL>                             0.000
<PER-SHARE-NAV-END>                              8.820
<EXPENSE-RATIO>                                  0.400



</TABLE>


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