Study: Operating Charity Investment Returns Rise to an Average of 15.1 Percent in Fiscal Year 2013

Ninety-seven percent of Study participants reported having a policy for handling conflicts of interest, down one percentage point since last year's Study.

The average number of voting members on investment committees declined this year to 7.5 from last year's 8.1. The average number of investment committee members who are investment professionals was 4.9 versus 5.0 last year, while those with alternative strategies experience rose to 3.5 this year from 3.0a year ago.