We study the asset allocation, spending behavior, fees, and investment performance of US
private foundations. We find that large foundations generate positive risk-adjusted returns of …

Private foundations control a sizable pool of investment capital. This paper examines the
endowment returns of private foundations. Over the 10‐year period, 2006–2015, the top 56 …

This article focuses on the management of endowments that are associated with private and
community charitable foundations. Endowment portfolio managers face a difficult …

Individuals retiring in the aftermath of the financial crisis face an unprecedented market
environment. Accommodative monetary policy and below-trend economic growth present …

Das Stiftungswesen ist aus der Wirklichkeit unseres Landes einfach nicht mehr
wegzudenken: nicht aus der sozialen und kulturellen Wirklichkeit, nicht aus der Bildung …