Foundation Endowments Grew 12% in 2012 - News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Foundation Endowments Grew 12% in 2012 - News - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Foundation Endowments Grew 12% in 2012

By Doug Donovan

Endowments at private foundations grew by 12 percent in 2012, a significant improvement after they lost a little under 1 percent in 2011, according to a study of 140 funds released today.

But that’s still less than the S&P 500 gain, which was 16 percent last year. Many foundations continue to seek to regain the nearly 26 percent loss in value they sustained during the 2008 financial crisis.