Foundation Investments Outperform Peers
Posted on May 30, 2007
The Community Foundation’s 2006 net investment return of 14% outperformed the median return of 268 other nonprofits across the country.
The survey was conducted by the Chronicle of Philanthropy and released in it’s May 31st, 2007 issue. Among the nonprofits participating in the survey were leading colleges and universities, private foundations, leading national charities and other community foundations.
According to the survey, the median return for all of the organizations surveyed was 11.7%. The Bill and Melinda Gates Foundation, with total assets exceeding $33 billion, had returns of 12.6%. While the Robert Woodruff Foundation in Atlanta, with total assets of $2.2 billion, had returns of 21.4%.
The Community Foundation of St. Clair County is the largest public foundation in Michigan’s Thumb Region with total assets of approximately $33 million.
