US Foundation Endowments – A Missing Piece to Maximizing Impact
Thursday, March 6, 2014
Foundations, by definition, are designed to “serve the public good.” The role of foundation philanthropy in addressing a range of important social, environmental and other issues is part of our societal structure. Yet, foundations have largely addressed these issues with five percent of their endowments, the level of grantmaking required by law. A recent report from the US SIF Foundation, “Unleashing the Potential of US Foundation Endowments: Using Responsible Investment to Strengthen Endowment Oversight and Enhance Impact,” documents the low level at which foundations are utilizing their endowments to address foundation goals and other social missions.