Private Foundation Assets Up 48 Percent Since Recession, Report Finds
- Creating an investment policy: 64.5 percent of foundation respondents indicated that they lacked a written investment policy. Of those that did have such a policy, 36.9 percent said they'd updated it within the last year.
- Engaging the next generation: 38 percent of respondents said it was "somewhat important" that advisors engage with the next generation of foundation leaders, while 22.3 percent said it was "critically" important for advisors to do so. Despite their apparent interest, less than half (46.3 percent) of respondents said that their investment advisor had interacted with the next generation.
- Impact investments: Although the majority (60.1 percent) said advice on social impact or mission-related investments was "not at all important," fully one third of respondents said such advice was either "somewhat" or "critically" important.
According to William Sutton, head of U.S. Philanthropic Services at UBS: "Private foundation donors clearly value and maintain their relationships with financial advisors. Nevertheless, in a competitive marketplace, it's essential that advisors bring added value to the client relationship where and whenever possible. The Foundation Source report on private foundation investing provides a host of valuable findings for the advisor community, grounded by survey data from an audience that can be difficult to reach."