Private Foundation Assets Up 48 Percent Since Recession, Report Finds

According to Melanie Schnoll Begun, managing director, Morgan Stanley Philanthropy Management: "Most reporting on private foundations simply does not look at this slice of the market, despite the fact that foundations of this size represent the vast majority in the U.S. The report from Foundation Source offers financial advisors and private wealth managers an invaluable tool to benchmark their performance for their foundation clients, and to inform their guidance for high-net-worth clients who may be considering starting a private foundation."