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Institutions participating in the Commonfund Benchmarks Study of Independent Schools for the 2023 fiscal year reported an average annual return of 9.2 percent on their endowment assets.
Day and boarding schools posted an average return of 9.2 percent in 2023.
Net returns for foundations declined in 2022 by the largest amount since the global financial crisis, said a study by Commonfund and the Council of Foundations.
For 20 years, Vladimir O. Potanin, one of Russia’s richest men, has been a key supporter of the Guggenheim Museum, serving as a trustee and major