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Bailey McCann, Opalesque New York:

Foundation endowments produced double digit positive returns for 2024 according to the latest survey from Commonfund. The average 2024 calendar year return on these endowed funds for the 154 private foundations participating in the Study was 10.3 percent. For the 101 participating community foundations, the average 2024 return was 11.0 percent. This marks the second year in a row that both foundation segments reported double-digit returns, stabilizing from the dramatic year-over-year swings reported in the prior two studies, including double digit declines in 2022.

Ten-year average annual returns also increased for both segments. Private foundations reported 10-year returns of 7.3 percent and community foundations reported 10-year returns of 7.0 percent.

Annualized returns for the trailing three- and five-year periods were mixed in 2024. Private foundations reported an average three-year return of 3.1 percent, down from 4.9 percent in 2023, while community foundations reported an average return for the same period of 2.8 percent compared to 4.5 percent last year.

Rates of return were less determined by size than they have been in previous study years. Among community foundations, the size cohort with the highest returns were those with assets between $101 and $500 million - 11.2 percent, while those with over $500 million and those with under $101 million reported returns of 11.0 percent and 10.9 percent, respectively, on aver......................

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