Endowments, Charitable Foundations Focused on Rebuilding Following Recession

CHICAGO, IL, December 9, 2009 — Impacted by recession and declines in asset values, endowments and charitable foundations are focused today on rebuilding their funds and evaluating both alternative investments and their own liquidity.

Nearly two-thirds (62%) of endowments and foundations polled cited rebuilding and growing their funds as a priority over the next year to 18 months, according to a new report, "The Endowment & Foundation Market 2009," released today by Spectrem Group ( www.spectrem.com ). For endowments and foundations with assets of $50 million to $199 million, 69% plan to focus on rebuilding.