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

Participating charities' highest return, at 31.1 percent, was produced by domestic equities, followed by international equities at 17.3 percent. Alternative strategies returned 10.5 percent, while short-term securities/cash/other returned 0.0 percent. Fixed income was the only major asset class to produce a negative return, at -0.7 percent.