The nonprofit world might not be as interested in tracking the ups and downs of Wall Street as they are the financial fortunes of the major Foundation endowments in the universe of philanthropic grant makers. Granted, the success of Wall Street is sure to effect these endowments because of their investment portfolios, but not all of the wealthiest endowments are as diversified as you might think. Here is one example.
Hard economic times for Lilly Endowment
The endowment's 2009 value dropped an
The endowment is heavily invested in
Like other endowments, Lilly provides
Once the second-largest charitable