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.
The Philanthropy 50