Spring 2023

GIV Index Starts the Year on a Positive Note The Grantmaker Investment Value Index ("GIV") rose 5.5% in the first quarter, following a good fourth quarter in 2022, but still well off the highs of December 2021. Over the longer term, foundation investment performance annualized at 6.2% per year for the ten years ended March 31, 2023, trailing the 60/40 mix (the traditional … [Read more...] about First Quarter Investment Performance

Giving Forecasted to be Down Slightly in 2022 Asset levels reached a record $1.3 trillion at the end of 2021 before falling to $1.05 trillion by December 2022.  This decrease caused the rolling three year asset level to drop to modestly to $1.17 trillion. Based on the two important caveats regarding asset levels and payout ratios that we highlight, we expect foundation … [Read more...] about Giving Forecast Update: March 2023

FoundationMark models indicate that U.S. foundations' assets rose by $40 billion, a bit less than 4%, in the first quarter of 2023.  After a very difficult 2022 in which foundation assets dropped an estimated $250 bullion, or nearly 20%, the first quarter returns are encouraging. Foundation asset levels are a function of three variables: incoming contributions, outgoing … [Read more...] about First Quarter Starts Positive