November 17, 2013
Endowments Are Starting to Surpass Pre-Recession Levels
Nonprofits that fared the best in 2012 used creative techniques to add capital to their long-term funds
The sale of a 93,000-acre elk ranch brought in $30-million for one nonprofit endowment. Royalties from a blockbuster multiple-sclerosis drug generated $27-million for another.
A six-state residential real-estate portfolio produced $15-million for a third.
The tens of millions of dollars reaped by nonprofits last year from such donations were certainly outliers among the 255 groups that participated in The Chronicle’s annual endowment survey.