On the heels of President Trump’s tax reform, NEPC has released the results of its 2018 Q1 endowments and foundations survey, with positive feelings on the US economy, the S&P 500 performance, and more.
On the subject of tax reform, 38% of respondents are keen on the reforms helping their investment returns. Nearly the same number (36%) see the recent tax reforms having minimal effect on their returns, with a mere 9% fearing the reforms will hurt their performance. The remaining 17% of respondents were unsure.
Endowments and foundations are optimistic about the current state of the US economy. Compared to the same time last year, 55% of respondents consider the economy to be in a better place, while 13% think the US is worse off. Of those surveyed, 32% do not see much of a change in the US economy.