Study: Operating Charity Investment Returns Rise to an Average of 15.1 Percent in Fiscal Year 2013

"What is most notable about returns in FY2013," said John S. Griswold, Executive Director of Commonfund Institute, "is that both more diversified and less diversified portfolios produced good returns and risk was generally muted. We attribute much of this to the record low interest rate investment environment created by the Federal Reserve, although we will now have to wait and see how the withdrawal of monetary support affects investment portfolios."