Performance

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

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

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