 |
 |
|
Foundation Investments Grew by 8% in 2005, New Study Finds
By Harvy Lipman
The endowments of the nation's foundations achieved an 8.1-percent gain on their investments last year, according to an annual study by the Commonfund Institute. That represents the second consecutive year in which foundations' investments grew at a lower rate than the previous year. In the 2004 fiscal year, foundation endowments earned an...