Press Release

The Council on Foundations announces the recipients of The Distinguished Service Award, Robert Scrivner Award for Creative Grantmaking, and the Wilmer Shields Rich Award for Excellence in Communications. These awards recognize excellence in philanthropy and honor exemplary leaders in the field.

The Council on Foundations is pleased to announce that Brad Ward has been named its new Director of Community Philanthropy. He joins the Council’s member relations team led by Paula Wolferseder Yabar to expand the Council’s support of community foundations and other philanthropic organizations focused on community- and place-based philanthropy.

Data gathered from 244 private and community foundations participating in the 2014 Council on Foundations–Commonfund Study of Investment of Endowments for Private and Community FoundationsTM (CCSF) show that the 142 private foundations participating in the study reported an average return of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, while the 102 participating community foundations reported an average return of 4.8 percent for FY2014 compared to last year’s average return of 15.2 percent.