Foundation Assets Are Climbing, but Grants Are Still Competitive

Foundation Assets Reach Highest Level Since Downturn 1

Michael Bloomberg’s philanthropy is among several big foundations stepping up or revamping their work to curb climate change. The “Beyond Coal” drive is also part of Bloomberg’s focus on measuring results.

Enlarge Image
close Foundation Assets Reach Highest Level Since Downturn 1

Michael Bloomberg’s philanthropy is among several big foundations stepping up or revamping their work to curb climate change. The “Beyond Coal” drive is also part of Bloomberg’s focus on measuring results.

A skyrocketing stock market helped boost the assets of the Gates, Hewlett, and other big foundations last year to their highest levels since the Great Recession gutted endowments six years ago, according to a new Chronicle survey.

Yet grant makers still aren’t as rich as they were before the downturn, and that’s putting a damper on their giving. What it’s not doing though: crimping ambitious new grant-making efforts to deal with vexing