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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
Second Quarter Investment Performance
First Half Rebound The Grantmaker Investment Value Index ("GIV") rose 5.3% in the second quarter after a similarly strong first quarter, bringing estimated year-to-date performance to 11.3% in the first half of 2023. Foundation investment performance annualized at 6.6% per year for the ten years ended June, 2023, ahead of the required 5% payout ratio, but still well below … [Read more...] about Second Quarter Investment Performance
First Quarter Investment Performance
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 Forecast Update: March 2023
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