Foundation assets

Foundation Assets Reach Highest Level Since Downturn

A strong stock market helped boost the assets last year of the Gates, Hewlett, and other big foundations to their highest levels since the Great Recession gutted endowments six years ago, according to a new Chronicle survey.

America’s biggest foundations are unveiling a range of new grant programs to deal with complex challenges like income inequality, cybersecurity, and climate change. They’re also seeking new ways to get veterans of Afghanistan and Iraq settled back into society, make Obamacare work well for everyone, and find a way past Washington’s partisan gridlock.

Read the full article via The Chronicle of Philanthropy