New Data: Foundation Portfolios Gained $230 Billion
The NonProfit Times
APRIL 17, 2024
FoundationMark, a nonprofit, aggregates data on foundations’ financial performance from Internal Revenue Service filings of more than 40,000 foundations nationwide with assets of $1 million or more. “In the five-year period to March 2024, foundations gained 8.2% for foundations and 8.5% for the 60/40 portfolio,” the authors wrote.
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