Foundation Assets Reach Highest Level Since Downturn

A strong stock market helped boost the assets last year of big foundations to their highest levels since the Great Recession gutted endowments six years ago, according to a new Chronicle of Philanthropy survey. Yet grant makers still aren’t as well off as they were before the downturn, and that continues to put a damper on their giving. What it’s not doing, though: crimping ambitious new grant-making efforts to deal with vexing problems.