Institutional investors

Update: Are 5% distributions an achievable hurdle for foundations? Were they ever? November 2009 Steve Murray, Ph.D., CFA Senior Research Analyst Even before the onset of the recent recession, regulatory changes and the continuing growth of the market for alternative assets impacted foundations and endowments. "Update: Are 5% distributions an achievable hurdle for foundations? Were they ever?" discusses a 2004 Russell study, updating data through 2008 and adding pre-1926 data to the analysis. This paper may help you address questions like:   What are the current spending rates for non-operating private foundations? Given market returns, do those spending levels appear sustainable? Does adding alternative investments to a portfolio markedly improve the likelihood that foundations could maintain current spending levels? Request this research A note about our research Our proprietary research is made available to our institutional clients, and many of these published papers are available to other institutional investors as well. If you are not a Russell client, but are an institutional investor, we welcome you to request this research piece. We only require your contact information on a short request form. For more information about our research, please contact David or Gerry:     West Coast David Rothenberg Managing Director 866-926-5934 East Coast Gerry Lillis Director 866-459-4128 Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company. Date of first use: December 2009 USI-5674			Request this research Printer friendly version of this page