The NonProfit Times - November 1, 2008 - (Page 36)

THE 2008 NPT TOP 100 NPT 100 Investments Beat Broader Market BY MARK HRYWNA his time next year nonprofits might be yearning for the days of investment income gains that even sniff positive territory. But for fiscal year ending 2007, at least organizations with large endowments enjoyed decent returns, outpacing the S&P 500 by two points. Overall, NPT 100 organizations had aggregate investment income of $4.24 billion, slightly more than 7 percent of the T $59.94 billion of total revenue, compared to the S&P’s 5 percent.Last year the organizations on the NPT 100 totaled approximately $4.74 billion in investment income, but that total included several multibilliondollar nonprofits not on this year’s list.The same group of nonprofits had $3.82 billion in investment income last year, which would be an 11-percent jump compared to last year’s investment income. For the purposes of The NPT 100, investment income includes more than just interest and dividends. (See “How The NPT 100 Was Compiled,” on Page 18.) Among the biggest individual gainers from last year’s NPT 100 organizations were Dana-Farber Cancer Institute (20) in Boston, which had investment income of $52 million compared to $19 million last year; New York City-based Hadassah (46), which saw income jump from $81 million to $117 million; the Museum of Fine Arts, Boston (97) up from $11 million to $54 million, and Easter Seals (8) in Chicago which saw investment income double, from $15 million to $32 million.Some gains were a result of a reclassification of investments. For the most part, nonprofits are involved in conservative investments but even those with more varied portfolios that might include alternative investments continued to grow,said Dan Romano,executive director, tax, northeast higher education and nonprofit practice at Grant Thornton LLP. Like public support, perhaps it’s growing at a slower pace than in the past, but it’s at least moving upward for the most part, he said. There were very few organizations with large investment income gains. Most were average with the largest endowments taking big hits on the income side, Romano said, while endowments as a whole were relatively flat with some reductions. Not unlike previous years, Tampa, Fla.based Shriners Hospital for Children (16) had the greatest percentage of revenue derived from investment income due to its Investment Income Top five Shriners Hospital for Children (16) The Salvation Army (3) Metropolitan Museum of Art (33) Boy Scouts of America (13) City of Hope and affiliates (23) $666,398,000 $641,193,000 $198,424,741 $142,933,000 $139,708,020 …bottom five Map International (36) Brother’s Brother Foundation (41) $263,551 $247,322 Cross International Aid/Catholic Outreach(67) $77,733 Food For The Poor (10) Gifts In Kind International (21) $68,018 $60,749 TM 36 NOVEMBER 1, 2008 THE NONPROFIT TIMES www.nptimes.com http://www.streamlinksoftware.com http://www.nptimes.com

Table of Contents Feed for the Digital Edition of The NonProfit Times - November 1, 2008

The NonProfit Times - November 1, 2008 Reach Out Community Investment Loans Agencies Aim For Back Office Savings Contents Page 4 Special Report: An In-Depth Study of America's Largest Profits Charity Accounts Foretold Ecomonic Meltdown Liquid Assets Groups Shaving Expenses With An Eye Toward ROI Green Is Good Governance Becoming Institutionalized National September 11 Memorial & Museum Finds Its Footing NPT 100 Groups Turning Real Estate Into Cash NPT 100 Investments Beat Broader Market The NPT Power & Influence Top 50 Gala Calendar NPT Jobs Resource Directory

The NonProfit Times - November 1, 2008

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