Tue, Oct 20, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Private foundations rebound with 17.4% returns in 2019

Tuesday, September 29, 2020

Laxman Pai, Opalesque Asia:

Private and community foundations reported an average return of 17.4 percent in 2019 while participating community foundations reported an average return of 18.2 percent.

Both represented a dramatic reversal of 2018's average return of -3.5 percent for private foundations and -5.3 percent for community foundations, said 2019 Council on Foundations-Commonfund Study of Investment of Endowments for Private and Community Foundations. All return data are reported net of fees.

With intermediate- and long-term returns being critically important for the mission and objectives of endowed organizations, 2019's returns were a welcomed development for foundation trustees and financial managers, it said. Three-year returns rose to an average of 9.2 percent for private foundations compared to last year's 6.1 percent.

For community foundations, three-year returns averaged 8.9 percent versus last year's 5.6 percent. Trailing five-year returns increased to an average of 6.6 percent for private foundations, up from 4.7 percent, while community foundations saw an increase from 3.9 percent to 6.4 percent.

Participating foundations of all sizes and both types reported average investment returns of 16 percent or more in 2019, whereas all corresponding figures were negative in 2018.

With 265 participating foundations representing combined assets of $104.7 billion, the study revealed that the highest single return in 2019 came from community found......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Coronavirus triggers borrowing spree by private equity managers, Venture capital investments reach new high in Brazil, Private-equity giants are racing to sell assets before year-end[more]

    Coronavirus triggers borrowing spree by private equity managers From FT: Private equity managers are turning to specialist borrowing facilities to ensure their highly leveraged strategies can survive the coronavirus pandemic, but there are growing concerns that the use of these complex f

  2. What's behind Viking's strong gains[more]

    From Institutional Investor: Viking Global Investors had strong performance in its three main funds in the third quarter, bringing gains for the year into the mid-to-upper teens. The Tiger Cub hedge fund firm, co-founded by O. Andreas Halvorsen, is far outperforming the broad-market averages a

  3. PE/VC: A record number of private equity funds are in the market - but closing them won't be easy, PE firms must be prepared to face challenges across each fund vintage, Wall Street is helping private equity recycle its old assets[more]

    A record number of private equity funds are in the market - but closing them won't be easy From Institutional Investor: Although there are a record number of private equity funds in the market, they are raising money at a slower pace, delaying fund closes, according to new data from Pre

  4. Franklin Templeton creates new unit with QS Investors[more]

    Laxman Pai, Opalesque Asia: Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Sol

  5. Opalesque Exclusive: A.W. Jones emerging manager fund of funds passes three year milestone, up +12.61% through August[more]

    Bailey McCann, Opalesque New York for New Managers: An emerging manager fund of funds from A.W. Jones has just passed its three-year milestone and is outperforming so far this year. The fund was up 3.29% in August a