June 22, 2007

Foundations Improve Annual Investment Returns

By LAUREN SMITH

The average annual return on investments for American foundations rebounded in the 2006 fiscal year, to 13.7 percent, after dropping sharply the previous year, according to a report released last week by the Commonfund Institute.

The significant increase, up from 7.9 percent in 2005, was due to more-favorable market conditions and a continuing trend of investing more in international equities and alternative investments, said John S. Griswold Jr., executive director of the

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