Disbursements Forecasted to be Up Slightly in 2023 Asset levels reached a record approaching $1.5 trillion at the end of 2021 but dropped by $200 billion through December 2022. Year-to-date 2023 has seen an uptick in financial markets leading to about a 5% gain in estimated asset levels through September.Based on the two important caveats (see box) regarding asset levels … [Read more...] about Disbursements Forecast Update: September 2023
Third Quarter Jitters
FoundationMark models indicate that U.S. foundations' assets rose by about $70 billion, or about 5%, in 2023 through September despite a pullback in the most recent quarter as financial markets wobbled. Foundation asset levels are a function of three variables: incoming contributions, outgoing grants and expenses, and investment performance. The Grantmaker Investment Value … [Read more...] about Third Quarter Jitters
Third Quarter Investment Performance
Third Quarter Gives Back Some of 2023 Gains The Grantmaker Investment Value Index ("GIV") fell 2.9% in the third quarter pulling down year-to-date performance to an estimated 8.2% after a strong start to the year. Foundation investment performance annualized at 6.0% per year for the ten years ended September, 2023, modestly ahead of the required 5% payout ratio, but still … [Read more...] about Third Quarter Investment Performance
Disbursements Forecast Update: June 2023
Disbursements Forecasted to be Up Slightly in 2023 Asset levels reached a record $1.38 trillion at the end of 2021 before falling to $1.2 trillion by December 2022. However, the first half's strong recovery means the rolling three year asset level is up modestly since year end and stood at about $1.25 trillion in June 2023. Based on the two important caveats (see box) … [Read more...] about Disbursements Forecast Update: June 2023
First Half Rebound
FoundationMark models indicate that U.S. foundations' assets rose by $100 billion, over 8%, in the first half of 2023. The most recent three quarters have all shown asset growth of about 4% per quarter after a terrible stretch in the first none months of 2022, which saw assets drop by over $250 billion. Foundation asset levels are a function of three variables: incoming … [Read more...] about First Half Rebound