June 28, 2007
Foundation Endowments Gain 13.7% Return
The endowments of the nation's private and community foundations achieved an average 13.7-percent gain on their investments last year, according to an annual survey by the Commonfund Institute. Endowments of charitable institutions gained an average of 13 percent, the report said.
Both returns were a significant jump from 2005, when foundations and charities both achieved average returns of 7.9 percent.
The Commonfund Institute is the research arm of Commonfund, a company in
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