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

Thirty-seven percent of participating operating charities reported receiving increased donations this year, up from 32 percent in last year's Study (26 percent in FY2011). The median increase this year was 30.0percent versus 50.0 percent in the FY2012 Study. Twenty percent reported a decrease in gifts compared with 30 percent a year ago (12 percent in FY2011), with the median decrease being 17.4 percent. Thirty-two percent reported no change in gift flow compared with last year's 25 percent.