Nonprofit Chronicles

Journalism about nonprofit organizations and their impact

We’re gradually learning more about the investment performance of foundation endowments. The news is not good. The Chronicle of Philanthropy yesterday published my story about foundation endowments. [Paywall] The peg was the Ford Foundation’s decision to publish the investment returns of its $12.1bn endowment for the first time in several years. Ford has done well–its endowment …

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Central Carolina Community Foundation is in most ways a typical community foundation: Based in Columbia, SC, it supports social service organizations, colleges, churches and arts groups in the midlands of South Carolina. In one important way, though, Central Carolina foundation stands apart: It invests most of its investable assets, which are worth about $94m, in low-cost …

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America’s foundations spend many millions of dollars every year on investment advice. What do they get in return? Bubkes.* You read that right: Money that could be spent on charitable programs — to alleviate global poverty, help cure disease, improve education, support research or promote the arts —instead flows into the pockets of well-to-do investment advisors and asset …

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A few things you might not know about Detroit: So many people are moving into the downtown and midtown areas that worries have arisen about displacing the poor. When the Detroit Pistons and the Detroit Red Wings move into the new $700m Little Caesars sports complex next fall, Detroit will be the only city in …

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The Rockefeller Brothers Fund has left its mark on America.  Founded in 1940 by five sons of John D. Rockefeller Jr.–John 3rd, Nelson, Laurance, Winthrop, and David–it has been a major supporter of New York’s Riverside Church (where the family worshipped), the Museum of Modern Art (which their mother co-founded), Colonial Williamsburg (where JDR 3rd and Winthrop chaired …

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The Trump administration is having an unmistakable impact on philanthropy. That was brought home to me at this month’s Skoll World Forum, notably with the Omidyar Network’s promise to commit $100 million to support independent journalism and combat hate. On a panel about philanthropy, Laleh Ispahani of the Open Society Foundations described the organization’s $10-million Communities Against Hate initiative, which …

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With a collective $800 billion in assets under management, America’s big foundations spend vast sums of money to buy investment advice. They’re getting little, if anything, of value in return. Their own investment offices, and the Wall Street banks, hedge funds, private equity firms and consultants they hire, when taken together, deliver investment returns that …

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