June 12, 2008
Foundation Investments Grew by Nearly 10% Last Year, Study Finds
Despite a slowing economy, American foundations reported an average annual return on investments of 9.9 percent for 2007, a rate that was down from the year before but higher than the average foundations had said they hoped to achieve, according to a report released last week by the Commonfund Institute.
In 2006, the country's independent, private, and community foundations reported an average annual return of 13.7 percent, due in part to better market conditions then and the
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