Autumn 2023

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 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