[from the Chronicle of Philanthropy] Returns ranged from tepid to dismal in 2016 for most nonprofit endowments. Despite being optimistic about the markets in 2017 and confident about long-term investment prospects, endowment managers are raising some alarms: that U.S. stocks may be overvalued; that the hedge-fund field, in which many nonprofits have sought bigger returns, is contracting; that global unrest and the policies (and unpredictability) of the Trump administration could roil markets and trigger trade fights, potentially dragging down returns. Organizations might need to trim what they pay out in investment fees, reduce how much they give away or spend on programs each year, or even intensify their fundraising.
Read the full article at The Chronicle of Philanthropy.
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