July 24, 2008
Nonprofit Endowments Achieved a Return of 15.7% Last Year
By Maria Di MentoMore than $468.2-billion is held in the endowments of 253 of the nation's major foundations, universities, and other nonprofit organizations, according to the fifth annual study of endowments conducted by The Chronicle of Philanthropy.
The organizations in the study achieved a median investment return of 15.7 percent in their 2007 fiscal years, meaning that half the groups surveyed achieved returns greater
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