Private Foundation Assets Up 48 Percent Since Recession, Report Finds

According to Page Snow, chief philanthropic officer of Foundation Source, "Some of the findings seem surprising until you take the distributions of these foundations into account. For example, across the board, foundation portfolios enjoyed very similar market gains, yet the endowments of the sub-$1 million foundations remained flat year over year. That's because, in our experience, smaller foundations distribute a greater percentage of their assets — on average above 20 percent of their assets — than their larger counterparts."