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November 13, 2014

Operating Charities Boosted Investment Gains in 2013, Study Finds

Nonprofits that use their endowments to fund their own programs rather than make grants to other groups saw investment returns of 15.1 percent last year, up from 11.7 percent 2012, Pensions & Investments reports, citing a new Commonfund review.

The institutional investment adviser's Benchmarks Study of Operating Charities assessed the investment performance of 60 such groups, divided among cultural, religious, and social-service organizations. Strong returns on domestic equities were a key factor in last year's gains, said John S. Griswold, executive director of Commonfund Institute, in a news release.