The Trillion Dollar Milestone Over the past several years, US foundation assets have been steadily climbing. The combination of strong financial markets and substantial gifts over the past five years propelled total assets of US foundations to just over $1 trillion in fiscal 2017, breaking the trillion dollar mark for the first time ever. More importantly, grant … [Read more...] about US Foundations Assets Hit $1 Trillion for the First Time!
Similar Yet Distinct Many people think of foundations and endowments as interchangeable entities, and for good reason, as they have a fair amount in common. But if you peel back even the first layer of the onion, you will see structural differences between the two that can have important implications on their investment strategies. To be clear, we are discussing … [Read more...] about Foundations and Endowments: Cousins, not Twins
Charitable Disbursements up 40% in Past 5 Years As the chart below shows, private foundations have increased their annual philanthropic support by nearly 40%, from $54 billion to $73 billion, an increase of $19 billion per year. One thing that may surprise readers is the level of incoming contributions to foundations. Nearly $60 billion came into … [Read more...] about Giving Has Been Growing
The Math is SimplePrivate foundations have $1 trillion in assets. An incremental 1% return on investment would yield an additional $10 billion....per year...every year.To put that in perspective, the additional $10 billion would equal the annual charitable support provided by 12 Ford Foundations, 36 Rockefellers, or 45 Carnegies - you get the picture. Better returns of just 1% … [Read more...] about 1% Better Returns – Implication for Charitable Giving