July 2, 2009
Foundation Endowments Dropped by 26% in 2008
Grant makers' endowments plunged by 26 percent last year as the stock market fell to levels not seen in years, according to a new study by the Commonfund Institute.
That was a sharply different picture than in 2007, when endowments grew by 9.9 percent. But foundations' returns still compared favorably to the overall performance of the market.
The survey was based on data from 221 private foundations and 69 community foundations. The Commonfund Institute is the research arm of
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
