trest
Performance
Fourth Quarter Rebound
FoundationMark models indicate that U.S. foundations' assets rose by about $100 billion, or about 7.7%, in the fourth quarter of 2023 pushing assets to a record $1.5 trillion. Foundation asset levels are a function of three variables: incoming contributions, outgoing grants and expenses, and investment performance. The Grantmaker Investment Value ("GIV") Index was up 17.3% … [Read more...] about Fourth Quarter Rebound
Disbursements Forecast Update: December 2023
Disbursements Likely Up 5.5% in 2023 In 2023 asset levels rebounded from 2022's losses to reach a record $1.5 trillion. 2023's asset gain of nearly $200 pushed total assets past the previous high water mark of $1.45 trillion in 2021. Based on the two important caveats (see box) regarding asset levels and payout ratios that we highlight, we expect foundation disbursements … [Read more...] about Disbursements Forecast Update: December 2023
Disbursements Forecast Update: September 2023
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