Charities miss out on £750m investment profit a year | Society | The Guardian

Charities miss out on £750m investment profit a year | Society | The Guardian: "Good causes are missing out on £750m a year because charities are not managing their vast endowments properly, a report by the Institute for Philanthropy has shown.

A survey of 277 charities, including the Wellcome Trust and the Joseph Rowntree Foundation, found that trustees with responsibility for £56bn routinely consider investment issues 'off the radar', with the result that returns have been 13% lower than the FTSE all share index."