CAPTRUST Financial Advisors (CAPTRUST) has released its inaugural Endowment and Foundation Survey results. The survey primarily focused on nonprofits with long-term investment assets between $10 million and $100 million and included responses from more than 150 public and private foundations focused on religious, educational, and other charitable missions.
Key findings from the survey include:
Returns: More than 72 percent of organizations had return expectations in the 5 percent to 8 percent range, and more than 10 percent of respondents expressed return expectations of greater than 8 percent.
Volatility: The most common definition of risk was “volatility of investable assets,” while the least common definition was “volatility of spending.” Many respondents expressed concern over declines in spending due to portfolio losses but not volatility itself.
44 percent of respondents were only willing
