October 18, 2007
Health Charities Make Big Investment Gains
Nonprofit health-care organizations achieved strong growth in their investment assets last year, with an average gain of 10.6 percent, compared with 6.3 percent in 2005, according to a new report.
The improved performance, which came after a three-year downturn, was largely due to stock-market gains.
"The markets were very kind to the sector this year," said John S. Griswold Jr., executive director of the Commonfund Institute, which conducted the study. "That helps the
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